Back in 2011, Saudi Prince Alwaleed Bin Talal bin Abdulaziz al Saud chose Egypt’s Cairo as a location for the Alarab news channel. However, in 2014, he changed the location of the headquarters; moving them to the Kingdom of Bahrain. What are the reasons that prompted the latter to make this major change? The answer relies in the letter sent by Prince Alwaleed to King of Bahrain Hamad bin Isa Al Khalifa dated 24 December 2011, and published by the pan-Arab daily newspaper Alquds Alarabi on the 19th January 2014. In the letter, Prince Alwaleed reveals King of Bahrain’s desire to choose the city of Manama as the home of the channel’s headquarters and that of Rotana Media Group. He also reveals several “interesting” items mentioned in the agreement according to which the headquarters of Alarab news channel and Rotana were transferred to Bahrain. The items of the agreement show that Bahrain paid huge sums of money and made major commitments in order to facilitate and support the project. The most important items of the agreement with Alarab news channel include Bahrain’s commitment to offer 10 million US dollars per year for a period of ten years to be paid to the channel at the beginning of each year, which is the sum of 100 million US dollars after ten years. The agreement also stipulates that Bahrain offers technical services for around two million US dollars per year. The services also include a 50% discount on work permits for a period of four years. As for the channel’s building, it would be leased for a period of ten years for free. Similar to the situation of Alarab News Chanel, Bahrain was committed to grant Rotana 7 million USD/year for a period of 10 years. The country also vowed to pay 10 million USD when signing the agreement; a small part of Bahrain’s generosity to Prince Alwaleed bin Talal. In this agreement, Bahrain offered money to Prince Alwaleed and in turn, he showered the Kingdom with sweet words including a message which stipulated that “the agreement assures that the kingdom is stable and attracting investors.” The message also noted that “the agreement was a clear invitation for investors to make benefit of the powerful measures implemented by the king of Bahrain in a bid to serve the welfare of his citizens.” This matter happened almost 3 years ago, but what would have Prince Alwaleed bin Talal told the Bahraini king if he had the chance to voice his honest thoughts, and what would have been the king’s truthful reply? Below is a complete copy of the correspondence between Prince Alwaleed bin Talal and the King of Bahrain sent on the 24th of December 2011.