Friday, 10 November 2017

Shaking Down Saudi Princes Is Harder Than You Think - Bloomberg Gadfly

Shaking Down Saudi Princes Is Harder Than You Think - Bloomberg Gadfly:

"Saudi Arabia's unprecedented corruption crackdown -- worth anywhere from $100 billion to $800 billion, depending on who you ask -- makes wringing money from rich princes look as lucrative as extracting oil from the desert.

Similar figures are bandied about for the initial public offering of the state-owned oil company. Aramco's listing is expected to raise $100 billion to fund big economic changes in Saudi Arabia without toppling the established order. Why sell more national jewels when you can just soak the rich?"



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