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ESAT News (November 9, 2017) Saudi Arabia’s attorney general says at least $100bn has been embezzled through systemic corruption and embezzlement in recent decades. The BBC report quoted Sheikh Saud al-Mojeb, the attorney general as saying that 199 people were being held for questioning as part of a sweeping anti-corruption drive that began on Saturday night. The attorney general did ...

ESAT News (November 8, 2017) The serious shortage in foreign currency has stagnated the economy, the Governor of the Ethiopian National Bank says, as the country’s telecom fails to pay loans and carry out its routine operation. The Governor told the Ethiopian Parliament that the low turnover in foreign currency that the country derives from export trade has dwindled, which ...

by Engidu Woldie ESAT News (November 8, 2017) Overseas businesses owned by Mohammed Hussien al Amoudi, the Ethiopian born Saudi billionaire, who is among businessmen and princes arrested under Saudi’s anti- corruption measures, would not be affected by the crackdown that also aimed at freezing the assets of suspects, according to a spokesperson for the sheikh. But his asset in ...