Dubai

SAUDI Arabia's billionaire Prince Alwaleed bin Talal, detained for over two months in an anti-corruption crackdown, is negotiating a possible settlement with authorities but so far has not agreed on terms, a senior Saudi official said.

Prince Alwaleed, whose net worth has been estimated by Forbes magazine at US$17 billion, is chairman and owner of international investment firm Kingdom Holding, and one of the country's most prominent businessmen.