No Big Outflow of Money from Saudi Arabia Yet as U.S. Treasury Monitors Situation – Reports

Deputy Crown Prince Mohammed bin Salman.
There has been no big outflow of money from Saudi Arabia as a result of the sweeping anti-corruption crackdown that was announced two weeks ago, according to central bank governor Ahmed Al-Kholifey.

Saudi Arabia

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Corruption Crackdown

Saudi Arabia swapping assets for freedom of some held in graft purge, sources say

Saudi authorities are striking agreements with some of those detained in an anti-corruption crackdown, asking them to hand over assets and cash in return for ...



Anti-corruption campaign in Saudi brings hope to businessmen

Either way, many in the kingdom welcome efforts to fight rampant corruption and abuse of power, and many outside it hope the move will encourage ...


Corruption Crackdown

U.S. monitoring Saudi situation amid post-purge wealth deals: U.S. Treasury chief

The United States is closely watching the situation in Saudi Arabia amid reported asset agreements between Saudi authorities and some detainees in an anti-corruption crackdown, ...


MISK Global Forum

Saudi Arabia’s amazing transition

What's fascinating is the enormous swell of support from the youth for these changes. "About time" is the response to the economic changes. "Good riddance" ...


Shake up in Saudi

Commentary: Saudi Arabia’s prince is doing damage control

Nearly two weeks after the double political explosion that rocked Riyadh, Crown Prince Mohammed bin Salman appears to be doing damage control in ways that ...


Yemen Blockade

Saudi Arabia Faces Pressure To End Blockade As Crisis Worsens In Yemen

A Saudi-led blockade of Yemen continues to exacerbate a humanitarian crisis that aid groups are calling the most severe in decades. ...



Saudi Arabia frustrated in its campaign to counter Hezbollah

Saudi Arabia once wielded political influence in Lebanon, from substantial real estate investments to support for the Sunni bloc led by the family of Saad al-Hariri, ...



Riyadh, Paris concerned over Tehran’s ‘hegemonic intentions’ and designs to disturb regional peace

Saudi Arabia’s Foreign Minister Adel Jubeir said on Thursday the kingdom’s actions in the Middle East were a response to what he called Iranian aggression, ...


Saudi Aramco IPO

Saudi Aramco Gets Some Bad News From Norway

Big news from Saudi Arabia is something one tends to fear these days. Big news from Norway is something one tends not to expect at ...


Oil Supply

Saudi energy minister: market to remain oversupplied by March 2018

Khalid al-Falih also said he did not want oil prices to rise too fast and too soon to shock consumers, adding that the exit from ...


U.S.-Saudi Relations

New refrain in Washington: Is this the Saudi Arabia we wanted?

From the outset of his presidency, Donald Trump has signaled his intention to refashion Middle East policy in a big way – and to return ...



Saudi Arabia Is Hosting A Chess Tournament And Top Players Are Boycotting In Protest

Top players around the globe are accusing the World Chess Federation of “total moral degradation” for letting Saudi Arabia host this year's world speed championship. ...



Israel Says It Wants to Work With Saudi Arabia to Defeat Iran

The head of Israel’s armed forces revealed Thursday he’s willing to work with fellow Middle Eastern U.S. ally Saudi Arabia to thwart the interests of their ...


Saudi +

Regional and related topics


Russian long-range bombers strike Islamic State targets in Syria

Six Russian long-range bombers struck Islamic State targets near the town of Albu Kamal in Syria's Deir al-Zor province on Friday, the Defence Ministry said ...



Tesla Unveils Its Electric ‘Semi’ Truck, And Adds A Roadster

A workhorse truck and a new super car are in the works for Tesla, after founder and CEO Elon Musk introduced his company's latest effort ...


Qatar Crisis

Saudi Arabia, UAE, Bahrain withdraw from Qatar-hosted Gulf Cup amid crisis

Gulf Cup organizers said Thursday that Saudi Arabia, United Arab Emirates and Bahrain had “withdrawn” from the Qatar-hosted tournament, amid a political crisis between the ...



NATO apologizes for Turkey ‘enemies’ incident, blames civilian contractor

NATO's secretary general apologized to Turkey on Friday over military exercises in Norway during which Turkey's founding leader, Mustafa Kemal Ataturk, and current president, Recep ...



Israel unnerved by Trump moves

Israeli leaders are worried about the ceasefire deal in southern Syria signed last weekend between the U.S., Russia and Jordan. That's because the deal will ...



Analysis of King Tut’s treasure shows aesthetic influence of Levant

"Presumably these motifs, which were once developed in Mesopotamia, made their way to the Mediterranean region and Egypt via Syria," said archaeologist Peter Pfälzner. ...



Egypt orders suspected Libyan militant detained over attack

Egyptian authorities say a suspected Libyan militant will remain in custody for 15 days pending an investigation into a deadly attack in the country's Western ...


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