Thursday , September 20 2018

Tag Archives: saudi arabia

Sovereign fund up amid turmoil – ‘Due process’

DUBAI, Nov 14, (RTRS): As Saudi Arabia’s anti-corruption purge sends the shares of some if its companies into a tailspin, the kingdom’s sovereign wealth fund has gained in value. Last week the market value of the Public Investment Fund’s portfolio of Saudi equities jumped by almost $3 billion, Reuters calculations …

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Financial links to held-Saudis sought

KUWAIT CITY, Nov 11, (Agencies): The Central Bank of Kuwait (CBK) has asked banks and local financial institutions to disclose their businesses with Saudi princes and businessmen who were arrested by Saudi authorities a few days ago for involvement in corruption, reports Al-Rai daily. The daily pointed out, the Saudi …

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Saudi graft reach to UAE – Some liquidating assets

ABU DHABI/DUBAI, Nov 9, (RTRS): Saudi authorities have questioned 208 people in an anti- corruption investigation and estimate at least $100 billion has been stolen through graft, a top official said on Thursday as the inquiry expanded beyond the kingdom’s borders. “Based on our investigations over the past three years, …

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Fresh arrests in Saudi graft purge

RIYADH, Nov 8, (RTRS): Saudi Arabian authorities have made further arrests and frozen more bank accounts in an expanding anti-corruption crackdown on the kingdom’s political and business elite, sources familiar with the matter said on Wednesday Dozens of royal family members, officials and business executives have already been held in …

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Saudi elite to face trial – Trump backs purge

RIYADH, Nov 7, (Agencies): Dozens of high profile Saudi political and business figures arrested in an anti-corruption sweep will face trial, the attorney general said, after the biggest purge of the kingdom’s elite in its modern history. Authorities hinted they could widen the crackdown after princes, ministers as well as …

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Saudi purge widens, travel bans … freeze – New ministers named

RIYADH, Nov 6, (Agencies): A campaign of mass arrests of Saudi Arabian royals, ministers and businessmen widened on Monday after a top entrepreneur was reportedly held in the biggest anti-corruption purge of the kingdom’s affluent elite in its modern history. The arrests are the latest in a series of dramatic …

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Princes … billionaires held in Saudi shakeup – Royals ousted

RIYADH, Saudi Arabia, Nov 5, (AP): Saudi Arabia has arrested dozens of princes, senior military officers, businessmen and top officials, including a well-known royal billionaire with extensive holdings in Western companies, as part of a sweeping purported anti-corruption probe that further cements control in the hands of its young crown …

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Saudi Arabia cancels female Egyptian star Sherine’s concert – Go ahead, call it a comeback. Singer James Arthur does

RIYADH, Saudi Arabia, Oct 15, (AP): Saudi Arabia’s entertainment authority says it has cancelled plans for a concert featuring a famous Egyptian singer named Sherine, known for her rags-to-riches story. The General Entertainment Authority said in a statement Sunday that the concert, which had been planned for the end of …

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Amir congratulates Saudi King on National Day

KUWAIT CITY, Sept 23, (Agencies): His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah sent a cable Saturday to Saudi King Salman bin Abdulaziz Al Saud to congratulate him on the occasion of the Kingdom’s 87th National Day. In his cable, His Highness the Amir also expressed wishes of prosperity …

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Long gone the wind of ‘rebellious ones’

SINCE the start of the Arab autumn movement, renegades have been attempting to wreck the stability of the Kingdom of Saudi Arabia. They advocate all kinds of lies which get disqualified by reality on a daily basis. Nonetheless, they continue with their wickedness unaware of the fact that the land …

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