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Thursday, 21 December 2017

Saudi authorities continue to question, arrest individuals in corruption crackdown

The Great MBS Purge rolls on: Saudi Arabian authorities are questioning more people and freezing more bank accounts as part of its anti-corruption crackdown which saw princes and officials arrested, Bloomberg reports, citing people familiar with the matter. Authorities are working on settlements with some suspects, as the kingdom is hoping to recover as much as USD 100 bn from these payments, they added.

KSA is also looking to issue regular tourist visas as of next year, CNN reports. Saudi is “aiming for 30 mn visitors a year by 2030 … and it wants annual tourism spending to hit USD 47 bn by 2020.” These are quite ambitious targets. Can you imagine tourists’ faces knowing the fun they could be having across the Red Sea in Egypt?

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