World Media

UK officials told that Saudi Aramco IPO unlikely until 2019

UK officials told that Saudi Aramco IPO unlikely until 2019

Financial advisers and associates of the detainees have told the New York Times that numerous assets of those detained have yet to be seized and most of those already seized are domestic real estate and shares of companies that could take years to liquidate.

The newspaper said at least 17 detainees were hospitalised after facing abuse, while a Saudi general later died in custody with what witnesses said appeared to be a broken neck.

The majority of the 381 people held have been released, but many now wear ankle bracelets that track their movements and can not gain access to their bank accounts, according to the Times.

Saudi's crown prince, Mohammed bin Salman, reportedly spent $450m on a Leonardo da Vinci painting, as well as $320m on a luxury French house.

The government has taken charge of the Saudi Binladen Group construction company while chairman Bakr Binladen remains in custody, according to the NY Times.

Mojeb has previously said that $107 billion was recovered in the crackdown in various forms of assets that included property, securities and cash.

Mahrez majestic as Leicester come back to beat West Brom 4-1
It was end-to-end and box-to-box. "It is that time of year in terms of everyone is now fighting for something". I can't be proud of that last period of the game because we lost our belief.

Major General Ali al-Qahtani, a top aide to a son of the late King Abdullah, was among those held.

Some critics labelled the campaign a shakedown and power grab, but authorities insist the purge targeted endemic corruption as the country prepares for a post-oil era.

Saudi King Salman bin Abdulaziz Al Saud on Sunday ordered the creation of specialised anti-corruption units in the public prosecution, the media reported.

During his visit to Egypt, Crown Prince Mohammed became the first Saudi official to visit the spiritual center of Egypt's Orthodox Christian community when he met with Coptic Pope Tawadros II at St. Mark's Cathedral.

The tour is aimed partly at courting foreign investors.


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