{"id":631227,"date":"2018-03-13T04:10:30","date_gmt":"2018-03-13T04:10:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/13\/saudis-said-to-use-coercion-and-abuse-to-seize-bns\/"},"modified":"2018-03-13T04:10:30","modified_gmt":"2018-03-13T04:10:30","slug":"saudis-said-to-use-coercion-and-abuse-to-seize-bns","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/13\/saudis-said-to-use-coercion-and-abuse-to-seize-bns\/","title":{"rendered":"Saudis said to use coercion and abuse to seize bns"},"content":{"rendered":"

<\/a> Inside the Riyadh Ritz-Carlton: <\/strong>A well-reported piece by New York Times, including former Egypt hands Ben Hubbard and David Kirkpatrick, looks at Saudi Crown Prince Mohamed bin Salman\u2019s November \u201canti-corruption\u201d drive, a topic into which few Western media outlets have taken a deep dive.<\/p>\n

\u201cBusinessmen once considered giants of the Saudi economy now wear ankle bracelets that track their movements.<\/strong> Princes who led military forces and appeared in glossy magazines are monitored by guards they do not command. Families who flew on private jets cannot gain access to their bank accounts. Even wives and children have been forbidden to travel. \u2026 This large sector of Saudi Arabia\u2019s movers and shakers are living in fear and uncertainty. <\/strong>During months of captivity, many were subject to coercion and physical abuse, witnesses said. \u2026 the opaque and extralegal nature of the campaign has rattled the very foreign investors the prince is now trying to woo<\/strong>.\u201d<\/p>\n

Next in your reading queue:<\/strong> Nicholas Parasie and Egypt\u2019s Summer Said write for the Wall Street Journal that MbS\u2019 decision-making power reaches deep into companies<\/strong><\/a>, noting that since the November crackdown, \u201cthe government has quietly taken control of the country\u2019s largest construction company, Saudi Binladin Group, and the Middle East\u2019s biggest private broadcaster, MBC Group, people familiar with the takeover said. It is now assuming veto power over investment decisions by the kingdom\u2019s most colorful business personality, Prince al-Waleed bin Talal<\/strong>.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Inside the Riyadh Ritz-Carlton: A well-reported piece by New York Times, including former Egypt hands Ben Hubbard and David Kirkpatrick, looks at Saudi Crown Prince Mohamed bin Salman\u2019s November \u201canti-corruption\u201d drive, a topic into which few Western media outlets have taken a deep dive. \u201cBusinessmen once considered giants of the Saudi economy now wear ankle […]<\/p>\n","protected":false},"author":1,"featured_media":631228,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9003],"tags":[72,2397],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-631227","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-worth-reading","tag-enterpriseam","tag-worth-reading","wpautop","entry"],"acf":{"mongo_id":"1c8cb4eb-3502-4bf0-816b-16a388be6241","order":"0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2018\/3\/434.jpg","photo_position":"above","related_issue":[631203],"teaser":"","voice_url":""},"yoast_head":"\nSaudis said to use coercion and abuse to seize bns - 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As an answer to Qatar\u2019s controversial Al Jazeera Network, a Saudi\u2026","rel":"","context":"In "Worth reading"","block_context":{"text":"Worth reading","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/worth-reading\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/1\/netflix-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":629374,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/29\/saudi-is-requiring-employers-to-rely-on-local-talent-and-its-proving-to-be-a-curveball-for-many-businesses\/","url_meta":{"origin":631227,"position":2},"title":"Saudi is requiring employers to rely on local talent, and it\u2019s proving to be a curveball for many businesses","author":"enterpriseam admin","date":"29 May 2018","format":false,"excerpt":"Recently enacted regulations requiring Saudi employers to rely on local talent rather than foreign labor is proving to be a curveball for many businesses, despite being intended to create more job openings for the locals, according to NPR. The regulations apply to several industries, including telecom and electronics retailers, which\u2026","rel":"","context":"In "Worth reading"","block_context":{"text":"Worth reading","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/worth-reading\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/5\/1224.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":651108,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/05\/how-israeli-tech-companies-do-business-in-saudi-arabia-and-other-arab-countries\/","url_meta":{"origin":631227,"position":3},"title":"How Israeli tech companies do business in Saudi Arabia and other Arab countries","author":"enterpriseam admin","date":"5 February 2017","format":false,"excerpt":"Israel\u2019s security and tech firms do business in Saudi Arabia \u2026 just very quietly: In the relationship between Israeli tech firms and Saudi Arabia, good agreements and plausible deniability make \u201cgood neighbors,\u201d Jonathan Ferziger and Peter Waldman write for Bloomberg Businessweek. They look at some of the cases where Israeli\u2026","rel":"","context":"In "Worth reading"","block_context":{"text":"Worth reading","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/worth-reading\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":623138,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/22\/colombian-born-pretends-he-was-saudi-prince-for-years\/","url_meta":{"origin":631227,"position":4},"title":"Colombian-born pretends he was Saudi prince for years","author":"enterpriseam admin","date":"22 October 2018","format":false,"excerpt":"** #8 How a Colombian orphan got away with pretending to be a Saudi prince for 30 years: From dressing his pet chihuahua in designer clothes to sporting a nine-carat diamond ring, Prince Khalid bin al-Saud\u2019s (yes, \u201cbin al-Saud\u201d) wealth was never called into question for over 30 years. His\u2026","rel":"","context":"In "Worth reading"","block_context":{"text":"Worth reading","link":"https:\/\/enterpriseam.com\/egypt\/category\/lifestyle\/worth-reading\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/10\/1460.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553579,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/08\/another-arrest-in-khashoggi-murder-case\/","url_meta":{"origin":631227,"position":5},"title":"Another arrest in Khashoggi murder case","author":"enterpriseam admin","date":"8 December 2021","format":false,"excerpt":"A couple of international stories worth knowing this morning:French police arrested a Saudi national at the Charles de Gaulle airport yesterday over journalist Jamal Khashoggi\u2019s murder. A French official said that prosecutors are still confirming the suspect\u2019s identity. 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