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SAUDI PURGE
The world’s tallest skyscraper rising in Jeddah to beat Burj Khalifa — here are its top featuresJeddah Tower in Saudi Arabia is once again rising skyward. Construction has surpassed 80 floors, marking a significant milestone. The proje...- Saudi Arabia's crown prince Mohammed bin Salman named prime ministerPrince Mohammed, who turned 37 last month, has been first in line to succeed his father as king since 2017. Saudi Arabia has for years soug...
- Saudi crown prince signals family unity as succession loomsKnown as MbS, Prince Mohammed had held off heading to the UAE until his father King Salman, 86, left hospital after a week-long stay that r...
- Saudi princess Basmah bint Saud freed after nearly 3 years in jailThe reason for her arrest along with her daughter was not clear, as she never wielded significant influence. But it marked the latest case ...
- Saudi Arabia releases Bin Laden patriarch held in 'Ritz crackdown': sourcesThe former chairman of the Bin Laden Group, Saudi Arabia's biggest construction company, was reunited last week with his family in the Red ...
- Saudi 'mini Ritz' corruption crackdown evokes awe, fearThe clampdown, which has ensnared top-ranking military officials as well as low-level bureaucrats, is widely dubbed as a "mini Ritz" operat...
- How Saudi Arabia’s crown prince Mohammed bin Salman manages to make headlinesMBS made news last year as he unleashed a corruption purge in the kingdom.
- From Ryugyong Hotel to Jeddah Tower, mega-structures which never rose to the occasionThe Ryugyong Hotel in North Korea is a hulking, gloomy spectacle on Pyongyang’s skyline.
- In Saudi crackdown, there's more than Alwaleed's empire at stakePrince Alwaleed is powerful and well connected, but this may not end well given that he is in a battle with an even more powerful group.
- Rupee gets a crude shock as tensions rise in Middle EastMounting tensions in the Middle East have the potential to choke two pipelines – crude oil and worker remittances back home.
- What Saudi arrests mean for the kingdom's oil policyCrude oil prices always rise in response to unrest in the Middle East countries.
- Saudi arrest of Binladin family scion shatters royal ententeThe government says 201 people have been taken into custody in the purge, which comes amid an anti-corruption probe it says uncovered at le...
- Saudi Arabia's 32-year-old Prince Mohammed bin Salman discards royal balancing act for one-man ruleCrown Prince Mohammed bin Salman’s planned shakeup of the economy will rely heavily on his ability to break the power of the clergy.
- Saudi Arabia detains 201 in $100 bn corruption caseSaudi Arabia announced today it has detained 201 people as part of a sweeping probe, estimating that $100 bn has been misused through corru...
- Saudi billionaires said to move funds to escape asset freezeSome Saudi billionaires and millionaires are selling investments in neighboring GCC countries.
- How the opulent Ritz-Carlton Hotel in Riyadh has turned into a detention centre for Saudi princesSaudis have been joking that princes and ministers have been detained at Ritz Carlton.
- Saudi purge: The world may now never see a $100 billion IPOIf Aramco IPO goes ahead, it will raise less than the hoped-for $100 bn and more like $65 bn.
- Oil eases but Saudi tensions keep 2.5-year highs in sightBrent crude futures were down 32 cents at $63.95 a barrel by 1250 GMT, having closed 3.5 percent higher on Monday.
- Saudi corruption purge snares $33 billion of net worth in RiyadhThe stunning series of arrests has implicated three of the country’s richest people, including Prince Alwaleed bin Talal, who’s No. 50 on t...
- Prince Alwaleed bin Talal arrestedIn one of his most visible local investments, Alwaleed in September bought a 16.2% stake in Banque Saudi Fransi from Credit Agricole SA in ...
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