Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Only a minority involved in anti-US protests: Alwaleed  Join our daily free Newsletter

MENAFN - Arab News - 19/09/2012

No. of Ratings : 0
Add to Mixx!


(MENAFN - Arab News) Prince Alwaleed bin Talal, chairman of the Kingdom Holding Company, said yesterday only a minority was involved in violent anti-US protests over a film mocking Prophet Muhammad (peace be upon him) and Islam was too strong to warrant such an uproar over the matter.

Known for his investments in some of the world's top firms including Citigroup, Alwaleed told Reuters in an interview that reforms in his homeland were not going fast enough and that Arab states must learn lessons from Arab Spring revolts to avoid being swept by more violence.

"This despicable and disgusting 12-minute movie is really unacceptable, but having said that we shouldn't honor (it) with such demonstrations and give it so much attention," he said after opening a new Islamic art wing at the Louvre in Paris.

"I hope these demonstrations will subside. You have to remember (that) those who go on the street and shout are the minority. Islam is a lot stronger and resilient."

Asked if there was a risk that Islam's cultural diversity risked being killed off with the increasing influence of ultra conservatives, Alwaleed said it was more important than ever to ensure the world was aware of Islam's history.
"The past can never be killed. The present is built on the past and the future is built on the present," he said. "Our Islamic heritage can never be demolished by acts of demonstration that do not represent the bulk of the population."

"Saudi Arabia is undertaking political, social and economic reforms, (but can I) say it's going as fast as I want? For sure it's not," Alwaleed said. "Saudi Arabia could expedite the process of reform on the political, economic and social fronts."

Alwaleed last year bought a stake in microblogging site Twitter for 300 million, gaining another foothold in the global media industry on top of stakes in News Corp and AOL .

Twitter was an important means of communication for protesters in the Arab Spring revolts. While Alwaleed said the rationale behind his Twitter deal was "financial" given the vast growth potential in the region and specifically Saudi Arabia, it also showed he was advocating simple freedoms.

"Twitter is playing a big role in opening up the Arab world to the outside world. Inevitably change is coming and it's important the rulers of Arab countries that didn't see change learn the lesson and have a peaceful evolution," he said.


  MENA News Headlines

Click to Apply



Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Investment Game
Economic Calendar
Financial Glossary

Portfolio Tracker


Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help