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Thursday, December 14, 2017

Saudi Prince’s Tantrum Has Global Impact

Reprinted with permission from AlterNet.

What ails the royal court of Saudi Arabia? The Crown Prince—Mohammed Bin Salman—has arrested 11 rich and powerful princes and about 200 businessmen. These men of great wealth and might are being held in the Ritz Carlton hotel in Riyadh. Their assets are being seized in stages. Among these men is Alwaleed bin Talal, one of the richest men on the planet—whose holdings include Twitter and Citigroup, and Miteb bin Abdullah (Minister of the National Guard), Adel Fakeih (Minister of Economy and Planning), Bakr bin Laden (head of the Saudi Binladin Group) and Mohammed al-Amoudi (a businessman with substantial holdings in Ethiopia).…

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