Sunday, 4 November 2018

Wall Street’s Turnaround on Saudis Signals Return to Business as Usual - Bloomberg

Wall Street’s Turnaround on Saudis Signals Return to Business as Usual - Bloomberg:

For a moment, Wall Street seemed to be inching away from Saudi Arabia. Now, it’s already inching back.

A month after the murder of government critic Jamal Khashoggi in the Saudi consulate in Istanbul, bankers say the rewards of doing business with the oil-rich kingdom far outweigh the risks.

While the Khashoggi affair has dented the image of reformer and modernizer cultivated by 33-year-old Crown Prince Mohammed bin Salman, there is simply too much money at stake.

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