Sulaiman S. Olayan
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Sulaiman S. Olayan
Suliman Saleh Olayan ( ar, سليمان صالح العليان; 5 November 1918 – 4 July 2002) was among Saudi Arabia's wealthiest businessmen. Biography and career Orphaned at the age of six, Olayan had more humble beginnings than most of his business counterparts from the Kingdom. Olayan's rise to great wealth reflected his connections to the Al-Saud royal family and his fronting for them, his acumen, an ability to cross cultural barriers, as well as extraordinary timing. Initially working for ARAMCO from 1937 to 1947, he left to start his own trucking company, the first of over 50 companies he would create or own. Over a 55-year career as an independent businessman, he served as entrepreneur, investor and philanthropist. Under his guidance and leadership, the Olayan Group became both a leading diversified enterprise in Saudi Arabia and a major participant in global investing. In 1918, Suliman Olayan was born into one of these merchant families. His father, Saleh, had rec ...
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Saudi Arabia
Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in Western Asia. It covers the bulk of the Arabian Peninsula, and has a land area of about , making it the fifth-largest country in Asia, the second-largest in the Arab world, and the largest in Western Asia and the Middle East. It is bordered by the Red Sea to the west; Jordan, Iraq, and Kuwait to the north; the Persian Gulf, Qatar and the United Arab Emirates to the east; Oman to the southeast; and Yemen to the south. Bahrain is an island country off the east coast. The Gulf of Aqaba in the northwest separates Saudi Arabia from Egypt. Saudi Arabia is the only country with a coastline along both the Red Sea and the Persian Gulf, and most of its terrain consists of arid desert, lowland, steppe, and mountains. Its capital and largest city is Riyadh. The country is home to Mecca and Medina, the two holiest cities in Islam. Pre-Islamic Arabia, the territory that constitutes modern-day Saudi Ar ...
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The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital media, digital subscribers. It also is a producer of popular podcasts such as ''The Daily (podcast), The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones (publisher), George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won List of Pulitzer Prizes awarded to The New York Times, 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national "newspaper of record". For print it is ranked List of newspapers by circulation, 18th in the world by circulation and List of newspapers in the United States, 3rd in the U.S. The paper is owned by the New York Times Company, which is Public company, publicly traded. It has been governed by the Sulzberger family since 189 ...
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ARAMCO
Saudi Aramco ( ar, أرامكو السعودية '), officially the Saudi Arabian Oil Company (formerly Arabian-American Oil Company) or simply Aramco, is a Saudi Arabian public petroleum and natural gas company based in Dhahran. , it is one of the largest companies in the world by revenue. Saudi Aramco has both the world's second-largest proven crude oil reserves, at more than , and largest daily oil production of all oil-producing companies. It is the single greatest contributor to global carbon emissions of any company in the world since 1965. On 11 May 2022, Saudi Aramco became the largest (most valuable) company in the world by market cap, surpassing Apple Inc. Saudi Aramco operates the world's largest single hydrocarbon network, the Master Gas System. In 2013 crude oil production total was , and it manages over one hundred oil and gas fields in Saudi Arabia, including 288.4 trillion standard cubic feet (scf) of natural gas reserves. Saudi Aramco operates the Ghawar F ...
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Olayan Group
The Olayan Group is a multinational enterprise established in 1947 by Suliman S. Olayan (5 November 1918 - 4 July 2002), with an actively managed portfolio of global investments. The group's primary parent company, Olayan Investments Company Establishment (OICE), is headquartered in Vaduz, Liechtenstein. The Group also has international offices in New York, London, Luxembourg, Vienna, Athens, Riyadh, and Singapore. The Group’s parent for MENA investments and operations, Olayan Financing Company (OFC), is based in Riyadh. The Olayan Group invests internationally in both public and private equities, including real estate, as well as in fixed income securities. Its multibillion-dollar portfolio is concentrated in North America, Europe, Asia and the Middle East. The Olayan Group traces its origins back to the General Contracting Company (GCC), founded to work on the construction of the Trans-Arabian Pipeline alongside the American contracting company Bechtel. In 1950s, Olayan ...
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Persian Gulf
The Persian Gulf ( fa, خلیج فارس, translit=xalij-e fârs, lit=Gulf of Fars, ), sometimes called the ( ar, اَلْخَلِيْجُ ٱلْعَرَبِيُّ, Al-Khalīj al-ˁArabī), is a mediterranean sea in Western Asia. The body of water is an extension of the Indian Ocean located between Iran and the Arabian Peninsula.United Nations Group of Experts on Geographical NameWorking Paper No. 61, 23rd Session, Vienna, 28 March – 4 April 2006. accessed October 9, 2010 It is connected to the Gulf of Oman in the east by the Strait of Hormuz. The Shatt al-Arab river delta forms the northwest shoreline. The Persian Gulf has many fishing grounds, extensive reefs (mostly rocky, but also coral), and abundant pearl oysters, however its ecology has been damaged by industrialization and oil spills. The Persian Gulf is in the Persian Gulf Basin, which is of Cenozoic origin and related to the subduction of the Arabian Plate under the Zagros Mountains. The current f ...
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Business International Corporation
Business International Corporation (BI) was a publishing and advisory firm dedicated to assisting American companies in operating abroad. It was founded in 1953. It organized conferences, and worked with major corporations. Former president Barack Obama worked there as a financial researcher after graduating from Columbia University. In 1986, Business International was acquired by the Economist Group in London, and it eventually merged with the Economist Intelligence Unit. Business International was linked to the Central Intelligence Agency. History Founded in 1953 by Eldridge Haynes and his son, Elliott Haynes, BI initially focused on American companies and started out with a weekly newsletter (called ''Business International'') and a group of key corporate clients. Offices were established overseas, including major regional operations based out of Geneva (Europe), Vienna (East Europe and the USSR) and Hong Kong (Asia-Pacific), and single-country offices (e.g., Rome, Tokyo). BI ...
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Greater Middle East
The Greater Middle East, is a political term, introduced in March 2004 in a paper by the Carnegie Endowment for International Peace as part of the U.S. administration's preparatory work for the Group of Eight summit of June 2004, denoting a vaguely defined region called the "Arab world" together with Afghanistan, Iran, Israel, Turkey, and several other countries. The paper presented a proposal for sweeping change in the way the West deals with the Middle East and North Africa.Perthes, V., 2004America's "Greater Middle East" and Europe: Key Issues for Dialogue, '' Middle East Policy'', Volume XI, No.3, Pages 85–97. Previously, by Adam Garfinkle of the Foreign Policy Research Institute, the Greater Middle East had been defined as the MENA region together with Central Asia and the Caucasus. The future of this Greater Middle East has sometimes been referred to as the "new Middle East", first so by U.S. Secretary of State Condoleezza Rice, who in Dubai in June 2006 presented th ...
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Lubna Olayan
Lubna Suliman Olayan ( ar, لبنى سلیمان العليان; born 4 August 1955) is a Saudi business woman. She is the daughter of Saudi billionaire businessman Sulaiman Olayan. Career She has been on the boards of WPP and Saudi Hollandi Bank (now Alawwal Bank), as well as the International Advisory Boards of Rolls-Royce and Citigroup. Olayan was the Chief Executive Officer of the Olayan Financing Company, and (OFC), the holding entity for the Olayan Group's operations in the Kingdom of Saudi Arabia and the Middle East until May 1st 2019, when she was replaced by Jonathan Franklin. She is on the board of the group along with her brother Khaled and sisters Hayat and Hutham. It is thought that the private family has accumulated a fortune that tops $10 billion. The group was founded in 1947 by her father, the late entrepreneur Sulaiman S. Olayan, The Olayan Group is a private multinational enterprise engaged in distribution, manufacturing, services and investments. OFC opera ...
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1918 Births
This year is noted for the end of the World War I, First World War, on the eleventh hour of the eleventh day of the eleventh month, as well as for the Spanish flu pandemic that killed 50–100 million people worldwide. Events Below, the events of World War I have the "WWI" prefix. January * January – 1918 flu pandemic: The "Spanish flu" (influenza) is first observed in Haskell County, Kansas. * January 4 – The Finnish Declaration of Independence is recognized by Russian Soviet Federative Socialist Republic, Soviet Russia, Sweden, German Empire, Germany and France. * January 9 – Battle of Bear Valley: U.S. troops engage Yaqui people, Yaqui Native American warriors in a minor skirmish in Arizona, and one of the last battles of the American Indian Wars between the United States and Native Americans. * January 15 ** The keel of is laid in Britain, the first purpose-designed aircraft carrier to be laid down. ** The Red Army (The Workers and Peasants Red Army) ...
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American University Of Beirut
The American University of Beirut (AUB) ( ar, الجامعة الأميركية في بيروت) is a private, non-sectarian, and independent university chartered in New York with its campus in Beirut, Lebanon. AUB is governed by a private, autonomous board of trustees and offers programs leading to bachelor's, master's, MD, and PhD degrees. AUB has an operating budget of $423 million with an endowment of approximately $768 million. The campus is composed of 64 buildings, including the American University of Beirut Medical Center (AUBMC, formerly known as AUH – American University Hospital) (420 beds), four libraries, three museums and seven dormitories. Almost one-fifth of AUB's students attended secondary school or university outside Lebanon before coming to AUB. AUB graduates reside in more than 120 countries worldwide. The language of instruction is English. Degrees awarded at the university are officially registered with the New York Board of Regents. History On Ja ...
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