Voltaire Network

800 billion dollars confiscated in Saudi Arabia

+

According to the Wall Street Journal, the total number of assets confiscated from adversaries and political rivals of Crown Prince Mohammed Ben Salmane (« MBS ») would probably rise to 800 billion dollars [1].

This sum could increase by a further 550 billion dollars to reach 1 250 billion dollars. However a large chunk of these assets is stationed abroad. This will force Saudi Arabia to enforce its rights.

The current claw back of assets would thus permit the Kingdom to re-establish its financial situation, seriously affected by the persistent drop in oil price.

Translation
Anoosha Boralessa

[1] “Saudis Target Up to $800 Billion in Assets”, Margherita Stancati & Summer Said, Wall Street Journal, November 8, 2017.

Voltaire Network

Voltaire, international edition

Article licensed under Creative Commons

The articles on Voltaire Network may be freely reproduced provided the source is cited, their integrity is respected and they are not used for commercial purposes (license CC BY-NC-ND).

Support Voltaire Network

You visit this website to seek quality analysis that enables you to forge your own understanding of today’s world. In order to continue our work, we need you to support our efforts.
Help us by making a contribution.

How to participate in Voltaire Network?

The members of our team are all volunteers.
- Professional-level mother-tongue translators: you can help us by translating our articles.

293. Venezuela : democracy to the test of unconventional war
«Current Concerns», n°1, January 10th, 2018
Venezuela : democracy to the test of unconventional war
Partners
 
The truly explosive book? The one Trump signed
“The Art of War”
The truly explosive book? The one Trump signed
by Manlio Dinucci, Voltaire Network
 
The first: attacks using groups of drones on the battlefield
The first: attacks using groups of drones on the battlefield
by Thierry Meyssan, Voltaire Network
 
What's happening in Jordan?
What’s happening in Jordan?
Voltaire Network
 
292. Europe and Russia
«Current Concerns», n°32, December 31st, 2017
Europe and Russia
Partners
 
291. Nato's illegal wars
«Current Concerns», n°31, December 15th, 2017
Nato’s illegal wars
Partners
 
290. Agricultural policy
«Current Concerns», n°29-30, December 1st, 2017
Agricultural policy
Partners