Sunday, January 27, 2019

Some Davos Men Ready to Move on with Saudi Arabia

FT reported:


,,, the Khashoggi affair had been relegated to the past. Saudi officials highlighted recent deals as proof, including infrastructure projects with international companies. They also pointed to $7.5bn of new government debt that was raised this month with the help of banks including JPMorgan Chase, HSBC, Citigroup and BNP Paribas.
JP Morgan targeted Saudi Arabia for business before the kingdom exterminated journalist Jamal Khashoggi.  Others Davos attendees weren't so sure.

Some senior western financiers said re-engaging with the kingdom so soon after Khashoggi’s grisly killing would be too controversial. Several people attending Davos this week told the FT that the country remained in the “penalty box” and urged Riyadh to offer bolder gestures of reassurance.
Last year Crown Prince Mohammed bin Salman was a star attraction at the Billionaire Boys Club which includes purchased politicians. The Crown Prince released his Uncle from prison last year as Davos neared its close and the Saudis sponsored a luncheon touting private investment in the Kingdom.

Imprisoning Prince Alaweed bin Talal and killing journalist Jamal Khashoggi, what won't the Davos man forgive on behalf of their billionaire brethren? Deals have to be done.