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C.E.O.s May Avoid Riyadh Conference but Not Saudi Money

HumblePi

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There is only one reason why the Saudi government will not be held accountable for the death of Jamal Khashoggi. That reason is simple, money. It's pretty common knowledge that both Trump and Kushner have benefited greatly from their close associations with the Saudi government. Trump has been doing financial dealings with the Saudis for more than 20 years. But what about the rest of the world, what does Saudi Arabia have over them? Here's a few
things....

https://www.nytimes.com/2018/10/19/business/ceos-saudi-money.html


Some excerpts from the article;

Saudi Arabia is pouring $20 billion into a new investment fund run by Wall Street’s Blackstone Group. The French oil giant Total just inked a nine-billion-euro petrochemical deal with the kingdom.

The British defense company BAE Systems is selling 48 Typhoon combat jets to Riyadh for an estimated five billion British pounds.

Saudi Arabia was awarded $138.9 billion in potential military contracts under the United States’ Foreign Military Sales rules. American companies including Lockheed Martin, Raytheon and Boeing, not to mention President Trump, are salivating over recent Saudi pledges to buy nearly $110 billion worth of arms in coming years.

Companies like BAE and Thales of France have also profited handsomely, as European defense companies exported €57 billion worth of armaments to Riyadh between 2001 and 2015.

Saudi Arabia has also dished out billions in fees to American and European banks for advising on business deals. The kingdom bought around $20 billion worth of American products last year, including Ford autos and Boeing jets.

Riyadh also sealed $15 billion in deals with General Electric for goods and services in areas like power generation, mining and health care.

Saudi Arabia’s Public Investment Fund recently invested $1 billion in Lucid, a competitor to Elon Musk’s Tesla car company, and $3.5 billion in Uber.

Crown Prince Mohammed bin Salman has pledged $45 billion to Japan’s SoftBank Vision Fund for technology investments intended to help modernize the oil-dependent Saudi economy by 2030.

The kingdom has been signing deals for futuristic buildings, AMC movie theaters and swank French hotels as part of a $500 billion blueprint for Neom, a modern city to rise from the desert by 2025.

The kingdom has generated about $1.1 billion worth of fees for banks since 2010 in a variety of deals, including mergers and acquisitions and the arranging of loans and bonds.

JPMorgan Chase and Morgan Stanley, are still working for Saudi Aramco in its negotiations to buy a majority stake in a Saudi chemical maker known as Sabic.

Saudi Arabia has also showered billions of dollars on private equity firms so they can strike deals. The kingdom has pledged to provide up to $20 billion for a $40 billion infrastructure investment fund run by Blackstone.

Some companies did not even try to distance themselves from the Saudis amid the Khashoggi furor.

The bottom line is very simple, with enough money you have enough power to kill at will.
 
What actions have the rest of the world taken to punish Saudi?
 
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