07 February 2006
IMPLICATIONS OF SAUDI FUNDING TO WESTERN ACADEMIC INSTITUTIONS (PART 1 OF 2)
Recent news reports claim that the Saudi prince Al-Waleed Bin Talal Al-Saud, a nephew of the late King Fahd, has donated $20 million each to Harvard and Georgetown universities in the US. These funds will be used to expand the Islamic studies programmes of both universities, promote the study of Islam and the Muslim world, and support interfaith understanding. The prince also gave a total of $15 million to the American universities in Cairo and Beirut for establishing centres for American studies. 
The prince is an international businessman, listed by Forbes magazine as the fifth richest person in the world. His wealth is estimated at $14 billion and he controls a worldwide empire in investment, banking, construction and leisure. His $10 million contribution to a September 9, 2001 victims fund was rejected by then New York Mayor Rudolph Giuliani after the prince suggested U.S. policies in the Middle East contributed to the terror attacks.
Prince Al-Waleed has recently bought 5.46% of the voting shares of News Corporation, Rupert Murdoch