Friday 1 August 2014

Tycoon's $4.5bn divorce settlement

The wife of Russian tycoon Dmitry Rybolovlev has won a $4.5 billion divorce settlement in a Geneva court, in what could become the biggest divorce settlement in history. After a six-year divorce battle, Elena Rybolovleva won 4.0 billion


Egypt steel tycoon Ezz gets 37 years jail

  An Egyptian criminal court sentenced steel tycoon Ahmed Ezz to 37 years in prison on Wednesday for profiteering and squandering public funds and fined him 6 billion Egyptian pounds ($890 million), state news agency Mena and a j


Tycoon Nadir gets 10 years for stealing millions

  Businessman Asil Nadir was jailed for 10 years on Thursday for stealing millions from his British business empire to fund a luxury lifestyle, ending a 22-year fight to convict a man once seen as a darling of the UK corporate wo


Assad's tycoon cousin quits business

Syrian tycoon Rami Makhlouf, a cousin of President Bashar al-Assad and focus of anti-corruption protests, is quitting business, state media said. The announcement came as army units circled two restive towns in the north of the country.&nb


Media tycoon Antoine Choueiri dies

Antoine Choueiri, a prominent Lebanese businessman and media tycoon, died aged 69 on Tuesday after a prolonged illness. He founded The Choueiri Group and the group now operates in 11 markets and consists of 14 subsidiaries that manage

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