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World Business Report: First broadcast 2018/10/22 00:06 GMT: Saudia Arabia Feels Investor Pressure

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Saudia Arabia Feels Investor Pressure

First broadcast 2018/10/22 00:06 GMT

First broadcast 2018/10/22 00:06 GMT: Saudia Arabia Feels Investor Pressure

BBC World Service - World Business Report, Saudia Arabia Feels Investor Pressure

Will foreign investors abandon the kingdom and will its oil wealth bail it out?

The Saudi journalist Jamal Khashoggi was close to the Saudi royal family for decades, but after falling out of favour, he went into self-imposed exile in the United States and became a thorn in the side of the Kingdom.

His column in the Washington Post newspaper was critical of Crown Prince Mohammed bin Salman and his tactics to consolidate his power, including arresting powerful business executives. Will the fallout from his death prompt foreign investors to walk away ?

Jason Tuvey of Capital Economics; Ali al Ahmed, the founder of the Institute for Gulf Affairs; and Neil Quilliam ,a senior research fellow at the research group Chatham House, analyse what pressure may be brought to bear, and what the kingdom can do about it.

A series of leaks in recent years has shed light on the way corrupt payments are made and then the money is channelled through a series of shady financial conduits to launder the cash .

Roberto Perez Rocha, director with the anti corruption campaign group Transparency International, which is hosting a conference in Copenhagen this week, explains how even the cleanest countries have to pull their socks up.

And finally, Canada legalised cannabis last week. Rohit Joseph, a reporter with CBC, has been finding out how it went.

(Picture: Saudi Arabia's Crown Prince Mohammed bin Salman arrives at the Elysee Presidential Palace for a meeting with French President Emmanuel Macron on April 10, 2018 in Paris, France. Credit: Getty Images.)

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First broadcast 2018/10/22 00:06 GMT: Saudia Arabia Feels Investor Pressure

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