MIDEAST STOCKS-Saudi firm after settlements in corruption probe, Qatar climbs:
"Saudi Arabia’s stock market was firm on Wednesday after news that senior prince Miteb bin Abdullah had been freed by authorities after settling corruption allegations against him by paying more than $1 billion. Miteb was the first senior figure confirmed to have been released in the kingdom’s sweeping anti-graft probe, and at least three other suspects have finalised settlement agreements, a Saudi official told Reuters. The news may indicate Saudi authorities can soon wind down parts of the probe, reducing the risk of disruption to the economy. A senior Saudi commercial banker told Reuters that the number of bank accounts frozen in the crackdown, which at one stage was around 2,000, had now fallen by many hundreds."
'via Blog this'
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