{"id":50643,"date":"2017-11-06T23:38:49","date_gmt":"2017-11-06T21:38:49","guid":{"rendered":"http:\/\/almowatna.news\/?p=50643"},"modified":"2017-11-06T23:38:49","modified_gmt":"2017-11-06T21:38:49","slug":"saudi-investments-egypt-still-unaffected-despite-saudi-king-crackdown","status":"publish","type":"post","link":"http:\/\/almowatna.news\/?p=50643","title":{"rendered":"Saudi investments in Egypt still unaffected despite Saudi King crackdown"},"content":{"rendered":"<p>Egypt\u2019s government has not received any requests from Saudi Arabia to suspend the bank accounts belonging to Saudi businessmen and princes or bar them from trading their shares on the Egyptian stock exchange following the issuance by Saudi king Salman bin Abd el-Aziz of arrest warrants and travel bans for them, as well as freezing their bank accounts.<\/p>\n<p>Sources told Al-Masry Al-Youm that including princes al-Waleed bin Talal and Sheikh Saleh Abd Allah Kamel on the list of arrests warrant will negatively affect financial markets and direct investment in Egypt.<\/p>\n<p>Bin Talal is the richest man in the Arab world with an estimated net worth of $18.7 billion. He currently invests $US six million in Egypt and plans to inject a further $800 million during the coming period.<\/p>\n<p>Prominent Saudi figures residing in Cairo expect Salman\u2019s decisions to prompt global reactions against the detention of Saudi businessmen, notably, bin Talal and Kamel.<\/p>\n<p>Ambassador Ahmed el-Qatan refused to comment on the possible repercussions of Salman\u2019s decisions regarding Saudi investments in Egypt. \u201cPlease excuse me from commenting. I\u2019m not related to the matter,\u201d Qatan told Al-Masry Al-Youm.<\/p>\n<p>Secretary General of the Arab Investors Union, Ambassador Jamal Bayoumi, commented on Salman\u2019s moves saying that they will have long-term effects.<\/p>\n<p>Saudi Arabia arrested dozens of princes and former government ministers on Saturday as part of a sweeping anti-corruption crackdown, further cementing King Salman and his son\u2019s control of the kingdom.<\/p>\n<p>Edited translation from al-Masry al-Youm<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt\u2019s government has not received any requests from Saudi Arabia to suspend the bank accounts belonging to Saudi businessmen and princes or bar them from trading their shares on the Egyptian stock exchange following the issuance by Saudi king Salman bin Abd el-Aziz of arrest warrants and travel bans for them, as well as freezing [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":50644,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7863],"tags":[26092,26091,8471],"class_list":["post-50643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-section","tag-ambassador-ahmed-el-qatan","tag-king-salman-bin-abd-el-aziz","tag-saudi-arabia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Saudi investments in Egypt still unaffected despite Saudi King crackdown | \u0627\u0644\u0645\u0648\u0627\u0637\u0646\u0629 \u0646\u064a\u0648\u0632<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/almowatna.news\/?p=50643\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta 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