Saudi Arabia: Al-Arabiya TV dispute reaches UK court

The founder and chairman of Saudi Arabian conglomerate MBI International, Sheikh Mohamed Bin Issa Al-Jaber, is suing the chairman of Middle East Broadcasting Center (MBC), Sheikh Walid Bin Ibrahim Al-Ibrahim, for $62.9m in the UK’s High Court. Al-Jaber claims that in January 2002 he loaned $30m to Al-Ibrahim and his brother Sheikh Majid to help them set up the Al-Arabiya news channel.