How can we
bridge the gap of misunderstanding and build on mutual respect and
trust between Arab and American People?
The US war against Iraq
Itís beginning to appear that
Iraqi President Saddam Hussein isnít as stupid as the Bush
administration believed him to be. He has readmitted the
inspectors, heís cooperating with them, and heís made his
declaration: We have no weapons of mass destruction.... What are the real
motives of the US for wanting to go to war?
Prince Al Waleed
expects Citigroup to halve share in Saudi SAMBA
18/01/2004-Saudi investor Prince Alwaleed was quoted as saying that he expected
Citigroup to halve its stake in SAMBA Financial Group to 10 percent within
months, Reuters reported.
Prince Alwaleed, a shareholder in both firms, also denied that a change in the
bank's name this month from Saudi American Bank was the result of political
tension or fears of a boycott by Saudis of U.S. brands.
The name change follows a decision by Citigroup last year to reduce its
involvement in SAMBA, Saudi Arabia's second largest listed bank with a market
capitalization of SR31.7 billion ($8.45 billion) as of January 15.
Al Waleed said that Citigroup still has a 20 percent stake in the bank,
indicating that he expects that it will be reduced to 10 percent within months.
The Prince holds a seven percent stake in SAMBA and a substantial stake in