English हिन्दी
Connect with us

Latest world news

Prince Alwaleed reaches home, will remain under house arrest

Published

on

Prince Alwaleed

[vc_row][vc_column][vc_column_text]Settlement detail not known, authorities to gather $1000 bn in settlements

Prince Alwaleed bin Talal, one of the richest business tycoons of Saudi Arabia was released on Saturday after almost two-and-half months of detention after “settlement” with authorities. However, he will remain at home under guards’ eyes. Family has confirmed of his arrival at home.

Middle East Eye, quoting undisclosed sources reports that Prince Talal was released from Hotel Ritz-Carlton and arrived home. He was under detention under anti corruption purge along with over 200 princes and high ranking officials facing corruption charges since early November last year.

Informed sources have confirmed that still guards were surrounding his palace and he was being kept under house arrest.

The details of the settlement were unknown. Earlier reports said that he was asked to shell two-third of his assets to the government. The source said, “The attorney general this morning approved the settlement with Prince Al-Waleed bin Talal.”

On November 9, more than 200 influential people including princes and ranking officials were summoned for questioning, and most of them were detained in one of the most luxurious hotels Ritz-Carlton. The aim of the whole exercise was described for “rooting out corruption and reclaiming embezzled funds”.

Crown Prince Mohammed bin Salman who is known with acronym MbS is spearheading the unprecedented crackdown on corruption among members of the government and royal family as he consolidates grip on power in the country.

prince alwaleed - 1Alwaleed, one of the world’s richest men and owner of Kingdom Holding Company, was among 350 persons rounded in the crackdown. Reports say that most of them have been released after financial settlement with the kingdom.

None of the Saudi newspaper or news network has published report about Alwaleed release. However, information came out through the sources informing the details to foreign news reporters.

Earlier reports indicated that MbS was asking Alwaleed had been refusing MbS demand of giving -up ownership of the entire Kingdom Holding Company. If a settlement was not reached, Alwaleed was supposed to go through prosecution.

On Saturday, Alwaleed told Reuters on Saturday about his prospects of being released soon.

Earlier this week state news agency Al-Arabiya reported that “Only a couple of days till cases of corruption-related settlements are closed in preparation for referring remaining defendants to the public prosecution.” It confirmed that 95 people were still detained.

On Friday, the government released several detainees including Waleed al-Ibhrahim, head of the MBC news network, Khaled Tuwaijri, former chief of the Saudi royal court, and Turki bin Nasser, former head of the country’s meteorology agency. Earlier former National Guard chief Prince Miteb bin Abdullah was released after his “settlement” reportedly exceeding $1bn.

Saudi authorities consider they will be able to collect $100 billion from the detained who’s who of the country.

Finance Minister Mohammed al-Jadaan told Al Arabiya television in Davos on Wednesday that the “settlements” will help the government to finance a multi-million dollar package to help citizens cope with the rising cost of living.[/vc_column_text][/vc_column][/vc_row]

Latest world news

Magnitude 7 earthquake strikes Russia’s Kamchatka Peninsula

A magnitude 7 earthquake struck Russia’s Kamchatka Peninsula region on Friday. The initial report placed the earthquake at a depth of 140 kilometres.

Published

on

earthquake-tremors

A magnitude 7 earthquake struck Russia’s Kamchatka Peninsula region on Friday, October 16, according to the European-Mediterranean Seismological Centre (EMSC).

The initial report placed the earthquake at a depth of 140 kilometres (approximately 87 miles). Details about the impact of the earthquake, including any damage or casualties, were not immediately available in the initial report.

Earthquake strikes seismically active Kamchatka region

Russia’s Kamchatka Peninsula is a seismically active region where earthquakes occur because of tectonic activity.

The latest earthquake was reported by the EMSC, which provided the initial magnitude and depth estimates. Further information about the situation on the ground was not available in the initial report.

What is known so far

  • Location: Kamchatka Peninsula region, Russia
  • Magnitude: 7.0
  • Date: Friday, October 16, 2026
  • Reported depth: 140 kilometres
  • Casualties and damage: Not provided in the initial report

Continue Reading

Latest world news

S Jaishankar says India is a natural option for Russia amid Europe tensions

External Affairs Minister S Jaishankar said India remained a natural option for Russia as Moscow increasingly turned towards Asia amid strained relations with Europe. He highlighted the continuity of India-Russia ties and their significance for the balance of power in Asia.

Published

on

External Affairs Minister S Jaishankar has described India as a natural option for Russia as Moscow increasingly looks towards Asia amid deteriorating relations with Europe. He said India’s longstanding relationship with Russia had remained steady despite significant changes in the international strategic landscape.

Jaishankar made the remarks during a conversation with John Micklethwait, editor-in-chief of the Bloomberg New Economy Forum. He discussed how the Russia-Ukraine war had affected Moscow’s relationship with Europe and contributed to Russia’s growing focus on Asia.

Jaishankar highlights Russia’s shift towards Asia

Jaishankar said Russia’s relationship with Europe had become deeply strained following the Ukraine war. He noted that Russia had historically viewed itself as a European country and placed considerable importance on its relations with Europe and the United States.

However, the conflict had pushed Moscow to look increasingly towards Asia,with much of that shift directed towards China.

The minister said it was in India’s interest, as well as the wider world’s interest, for Russia to maintain multiple relationships in Asia rather than having its options concentrated in one direction.

Against this backdrop, he described India as a natural partner for Russia, pointing to the longstanding nature of the relationship between the two countries.

India-Russia ties remain steady despite global changes

Jaishankar said India and Russia had maintained a consistent relationship over several decades. He emphasised that New Delhi continued to engage with Moscow even as the global order and Russia’s strategic calculations evolved.

According to the minister, India was reassuring Russia that the relationship built over nearly eight decades remained steady despite the changes in Moscow’s relations with Europe and the wider West.

He stressed that India was not passing a value judgment on those changes but was continuing its bilateral engagement with Russia.

Jaishankar said the relationship had benefited both countries and contributed to the balance of power and the broader status quo in Asia. 

Why the relationship matters for Asia

Jaishankar’s remarks highlighted India’s position in Russia’s changing regional outlook. As Moscow increasingly turns towards Asia, India continues to maintain its longstanding ties with Russia while navigating a changing international environment.

The minister’s comments underscored the importance he placed on preserving India-Russia ties and ensuring that Russia maintained multiple relationships in Asia. 

His assessment came against the backdrop of strained Russia-Europe relations following the war in Ukraine, which has reshaped Moscow’s engagement with Western countries and increased its focus on Asian partners.

Continue Reading

Latest world news

Putin praises PM Modi, says he has very good ideas on Ukraine war

Russian President Vladimir Putin has praised Prime Minister Narendra Modi for repeatedly raising the need to end the Ukraine war, describing his ideas for a settlement as “very good”.

Published

on

Vladimir Putin

Russian President Vladimir Putin has praised Prime Minister Narendra Modi for his continued efforts to promote an end to the Russia-Ukraine war, saying the Indian leader has “very good ideas” aimed at finding a mutually acceptable solution.

Putin made the remarks while addressing the Valdai Forum of international Russia experts, where he spoke about Modi’s repeated efforts to raise the issue of ending the conflict.

What Putin said about PM Modi

Putin said Modi has continued to raise the question of ending the conflict despite the close and friendly relationship between India and Russia.

According to Putin, the Prime Minister has shown a strong interest in finding a solution and has ideas that could help identify mutually acceptable ways to resolve the conflict.

Putin also described India’s position as neutral while highlighting Modi’s interest in bringing the conflict to an end through peaceful means.

The Russian president expressed gratitude to Modi for his ideas and his desire to see the conflict end as soon as possible.

Modi’s position on the Ukraine war

PM Modi has repeatedly called for dialogue and diplomacy to resolve conflicts, including during his meetings with Putin.

During their September 11 meeting in New Delhi, Modi reiterated that dialogue and diplomacy are the way forward for resolving conflicts.

Modi had also told Putin during their meeting on the sidelines of the Shanghai Cooperation Organisation summit in Bishkek that the situation needed to move from “endless war” towards an end to the war.

India has consistently maintained that conflicts should be addressed through dialogue and peaceful means, with Modi previously describing the present period as not being an era of war.

The Russia-Ukraine conflict began in February 2022 and has continued despite repeated diplomatic efforts to seek a resolution.

Continue Reading

Trending

© Copyright 2022 APNLIVE.com