Saudi princes among dozens detained in anti-corruption purge
6th November 2017
Saudi princes among dozens detained in anti-corruption purge
BBC A new Saudi anti-corruption body has detained 11 princes, four sitting ministers and dozens of former ministers, media reports say. The detentions came hours after the new committee, headed by Crown Prince Mohammed bin Salman, was formed by royal decree. Those detained were not named. BBC security correspondent Frank… Read More
Whistleblower fled Saudi Arabia over alleged bribery at Airbus
1st November 2017
Whistleblower fled Saudi Arabia over alleged bribery at Airbus
Retired Army officer Ian Foxley thought he had found his dream job overseeing a £1.96 billion ($2.6 billion) contract for upgrading defence telecommunications in Riyadh, Saudi Arabia. Instead, he uncovered what he believed was evidence of a multi-million-pound bribery scheme, and tried to blow the whistle, deciding to flee the… Read More
Sanctions: US, Saudi Arabia target Yemen-based terror financing
25th October 2017
Sanctions: US, Saudi Arabia target Yemen-based terror financing
The United States on Wednesday imposed sanctions on individuals and an entity which it said were linked to sponsoring terrorism in Iraq, Syria and Yemen. The US Treasury’s Office of Foreign Assets Control (OFAC) issued the designations targeting leaders, financiers and facilitators of the Islamic State and al-Qa’ida… Read More
Bitcoin is ‘Enron in the making’ – Saudi Prince Alwaleed 
23rd October 2017
Bitcoin is ‘Enron in the making’ – Saudi Prince Alwaleed 
By William Watts, CNBC Add Saudi billionaire Prince Alwaleed bin Talal to the roster of high-profile investors and financiers who don’t believe bitcoin and other cryptocurrencies are here to stay. “I just don’t believe in this bitcoin thing. I think it’s just going to implode one day,” Alwaleed told CNBC… Read More
Qatar injects billions into banks as sanctions crisis continues 
19th September 2017
Qatar injects billions into banks as sanctions crisis continues 
Qatari authorities stepped up their support of domestic banks for the third month in a row in August in an attempt to offset foreign withdrawals as the showdown between the Gulf emirate and a Saudi-led alliance show no sign of abating. The Qatari economy is bearing the brunt of the… Read More
‘Terrorism’ sanctions hit food prices, real estate in Qatar
16th August 2017
‘Terrorism’ sanctions hit food prices, real estate in Qatar
Sanctions imposed by other Arab states are continuing to push up food prices in Qatar while hurting the real estate market, but not to the point of damaging the economy severely, according to inflation figures released by the government. The annual inflation rate fell back in July, after spiking in… Read More
Arab states ‘expected to impose more sanctions on Qatar’
31st July 2017
Arab states ‘expected to impose more sanctions on Qatar’
The four Arab states of Saudi Arabia, Egypt, the United Arab Emirates (UAE) and Bahrain are reportedly set to consider fresh economic sanctions on Qatar at a meeting in Manama, Bahrain’s capital. The foreign ministers of the four countries are “expected to impose sanctions that will gradually affect the Qatari… Read More
Qatar crisis: four Arab states vow fresh economic and political sanctions
10th July 2017
Qatar crisis: four Arab states vow fresh economic and political sanctions
The four Arab states leading the boycott against Qatar said late on Thursday that Doha’s refusal of their demands was proof of its links to terrorist groups and that they would enact new measures against it. Saudi Arabia, the United Arab Emirates, Egypt and Bahrain released a joint statement carried… Read More
Gulf states prepare to ramp up economic sanctions against Qatar
5th July 2017
Gulf states prepare to ramp up economic sanctions against Qatar
Gulf states are preparing to ramp up economic sanctions against Qatar, as well as widening its diplomatic isolation and suspending it from the Gulf Co-operation Council, senior Gulf diplomats have indicated. They were speaking before a meeting in Cairo of foreign ministers from Saudi Arabia, Bahrain, Egypt and the United… Read More
Qatar facing fresh sanctions as deadline to meet Gulf demands approaches
3rd July 2017
Qatar facing fresh sanctions as deadline to meet Gulf demands approaches
Qatar is facing further sanctions as a deadline for the country to accede to a list of demands from its Gulf neighbours approaches. The 13-point ultimatum, which was issued 10 days ago as part of a dramatic dispute between the Gulf nations, had called for the gas-rich Emirate to close… Read More
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