New York - Saudi Arabia's Prince al-Walid bin Talal said Thursday that he plans to increase his stake in US bank Citigroup to 5 per cent of its shares.

Brussels - The seizure by pirates of a Saudi Arabian oil tanker shows that NATO must step up its efforts to make the world's seas safe, the alliance's top military commander said Wednesday.

Admiral Giampaolo Di Paola, head of NATO's military committee, said there was a "growing awareness" among allies on the need to increase maritime security.

Riyadh/Nairobi - The owners of a Saudi Arabian oil tanker captured by pirates off the coast of Somalia are negotiating a possible ransom, Saudi Arabia's foreign minister said on Wednesday, according to the Duabai-based al-Arabiya channel.

The Sirius Star, a supertanker owned by the Saudi Arabian firm Vela International that was carrying some 100 million-dollars-worth of crude oil was hijacked Saturday 830 kilometres south-east of the Kenyan coastal city of Mombasa.

Abu Dhabi - The Egyptian President Hosni Mu

Riyadh/Nairobi - The owners of a Saudi Arabian oil tanker captured by pirates off the coast of Somalia are negotiating a possible ransom, Saudi Arabia's foreign minister said on Wednesday, according to the Dubai-based al-Arabiya channel.

The Sirius Star, a supertanker owned by the Saudi Arabian firm Vela International that was carrying some 100 million-dollars-worth of crude oil was hijacked Saturday 830 kilometres south-east of the Kenyan coastal city of Mombasa.

Amid reports that the pirates had demanded a ransom, the ship was anchored Tuesday near the Somali port of Harardhere.

Athens/Nairobi - Saudi Arabia's foreign minister on Tuesday called the hijacking of a Saudi oil tanker by Somali pirates an "outrageous act."

In the first Saudi Arabian public statement about the hijacking, Prince Saud al-Faisal said there is a need to fight piracy.

"Piracy, like terrorism is a disease which is against everybody, and everybody must address it together," he said in Athens following talks with Greek Foreign Minister Dora Bakoyianni.