Saudi prince freed in 'billion-dollar deal' - News Summed Up

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Saudi prince freed in 'billion-dollar deal'


RIYADH - Saudi Arabia has freed influential Prince Miteb bin Abdullah, following a "settlement" with authorities reportedly exceeding $1 billion, more than three weeks after he was detained in a sweeping anti-corruption purge. "Yes, Prince Miteb was released this morning (Tuesday)," a source close to the government told AFP, without outlining the terms of his release. Princess Nouf bint Abdullah bin Mohammed bin Saud posted an old image of Prince Miteb on a verified Twitter account with the message: "Praise be to Allah. Some analysts saw Prince Miteb's removal as an attempt by Prince Mohammed, who is also Saudi defence minister, to consolidate his control over the security services. But Saudi authorities insist the purge was meant solely to target endemic corruption as the kingdom seeks to diversify its oil-dependent economy.


Source: The Nation November 29, 2017 10:41 UTC



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