Last week, global elites and world leaders gathered in Davos, Switzerland for the World Economic Forum (WEF) annual summit. Adel Bin Ahmed Al-Jubeir, Minister of State for Foreign Affairs and Climate Envoy for Saudi Arabia, said at a recent meeting in Switzerland, “There will be no cars.” It can be recalled that Saudi Arabia unveiled its plans for a new futuristic city that will house 9 million... 

The Saudi anti-corruption push involving the arrest of princes and government ministers may lead to the confiscation of cash and other assets worth of at least $800 billion, according to people close to the issue, writes the Wall Street Journal. “They reckon they could get around two to three trillion riyals from these people. That’s the number they are talking about,” a person close to the...