Spotlight SAUDI ARABIA Issue dated 08/07/2020

In cash-strapped Riyadh, MBS resumes hunt for hidden assets

Saudi Arabia's Crown Prince Mohammed bin Salman.
Saudi Arabia's Crown Prince Mohammed bin Salman. © Reuters/MMA/FW1F/Cassell Bryan-Low/FW1/C
The slump in oil prices and the economic downturn caused by the Covid-19 pandemic have left Riyadh in need of cash. Locating and confiscating assets that were ferreted away by the old regime is one way to solve the problem… [...] (502 words)
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