Category Archives: Uncategorized
What Does Rupert Murdoch Want From Saudi Arabia?
Late last week two of the world’s most colorful, controversial and powerful billionaires met to discuss what could be one of the most interesting media deals of the young decade. Feared, revered and reviled Aussie-American mogul Rupert Murdoch played host … Continue reading
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Heidi Montag Has One More Reason to Hate Herself
While I normally consider my vapid-celebrity obsession a recreational- not professional- pastime, this nauseating newsflash has inspired me to switch beats for a sec. The very same week that Haiti, the poorest country in the Americas, was leveled by a … Continue reading
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The Long Shadow of a Little-Known Palestinian Billionaire
Breaking news out of Athens today: Hasib Sabbagh, co-founder of the multi-billion dollar construction firm Consolidated Contractors Company (CCC) has passed away at the age of 90. An uncommon capitalist success story out one of the Middle East’s most troubled … Continue reading
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Pakistan's Mega-Rich Moguls (Yes, They Exist)
To the majority of Americans, the word Pakistan conjures up one thing. Try running a quick Google news search for the country and you will likely get ten first-page hits, nine relating to terrorist violence, political violence and tribal warfare, … Continue reading
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Tiger Woods Can Still Be The First Billionaire Athlete
Let’s get one thing straight: despite numerous press reports to the contrary, Tiger Woods in all likelihood, is not (and never was) a billionaire. Yes, he racked up the riches in the past decade but most folks who bestowed him … Continue reading
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Yemen Launching Massive Effort [to attract tourists]
Call it a shock-and-awe campaign. Yesterday, in an interview with the Yemen Times, Yemeni Deputy Minister for Tourism Development, Omar Babelgheith stated that in spite of the terrifying headlines his troubled country was inspiring lately, Yemen’s tourism industry (in terms … Continue reading
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2010's Most Awkward PR Moment Happening Now
Thank you Dubai. Just as the holiday-weary populace is returning to work on 2010′s first brutal Monday- chastened by too much reflection on a grim 2009 and freshly-dedicated to thrift, temperance, humility, whatever- we see that somewhere it’s 2006 all … Continue reading
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Arab Rich List Defies Recession, Logic
Is this what they mean by “green shoots? In the midst of what is easily the most dismal economic environment the Middle East has experienced in recent memory, Dubai magazine Arabian Business unveiled their annual list of the world’s 50 … Continue reading
Filed under Billionaires, Business, Uncategorized
Abu Dhabi's Worst Week Ever
More money, more problems. That is the nutshell predicament of tiny, oil-rich Abu Dhabi these days. On Monday, they reluctantly forked over $10 billion to rescue flailing neighbor Dubai. On Tuesday, they filed an arbitration claim against Citigroup citing “fraudulent misrepresentation.” … Continue reading
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Australia to Steal More of Dubai's Dwindling Bragging Rights
Thanks to a colorful Aussie retailing magnate, Dubai may soon lose one of its prized ostentatious superlatives: world’s richest horse race. Billionaire Gerry Harvey and business partner John Singleton plan to stage the world’s richest horse meeting with A$10 million … Continue reading
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