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Saudi Purge Claims Its Latest Corporate Victim As Kingdom Holdings Sees $1.3 Billion Bank Deal Collapse

Saudi Purge Claims Its Latest Corporate Victim As Kingdom Holdings Sees $1.3 Billion Bank Deal Collapse

For the past couple of weeks we've written frequently about the sudden political turmoil in Saudi Arabia that resulted in two Saudi princes being killed in a span of just 24 hours and dozens others being detained on charges of corruption while having their bank accounts frozen.  Here are couple of our most recent background posts on the topic:

100 Billion Reasons To Have Non-Reportable Assets

100 Billion Reasons To Have Non-Reportable Assets

Authored by Simon Black via SovereignMan.com,

In early March 1938 in a dusty corner of the Arabian desert, Max Steineke finally had the breakthrough he was hoping for.

Steineke was the chief geologist for the California Arabian Standard Oil Company (CASOC), a venture owned by what we know today as Chevron.

And he hadn’t had a lot of success despite years of effort.

Steinke was convinced that massive oil reserves were beneath the sands. He just couldn’t find any.

Israel Gives Official Confirmation Of Covert Ties With Saudi Arabia

Israel Gives Official Confirmation Of Covert Ties With Saudi Arabia

Yet more confirmation emerged today regarding the recently established relationship between Israel and Saudi Arabia, which is being defined by a shared desire to see Iranian influence and expansion rolled back in the Middle East. For the first time a high level Israeli government official has formally acknowledged the increased ties between the two countries which have historically been bitter enemies, and which have never had official diplomatic relations. 

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