The Mideastwire Blog

Excerpts from the Arab and Iranian Media & Analysis of US Policy in the Region

Qatari owned daily claims Turkish banks are seeing an inundation of Saudi cash as businessmen worry about MBS’s moves

Translated in part here. Yes a Qatari owned daily but still, of interest. For a free trial of our service email

On November 24, the Qatari-owned Al-Quds al-Arabi daily carried the following report from Istanbul by its correspondent Ismail Jamal: “During the last few weeks, Turkey witnessed the arrival of many Saudi businessmen and Arab residents in the Kingdom of Saudi Arabia, attempting to transfer their money from the Kingdom that has been going through unprecedented political and economic transformations, which generated fear of the future among them. Hence, at the central immigration office in the Turkish city of Istanbul, which is in charge of giving residency papers to foreigners, one could detect a noticeable increase in the number of Saudi citizens and Arab residents in the Kingdom, seeking residency in Turkey as soon as possible. The same could also be detected in the Turkish banks located in central parts of Istanbul…


Written by nickbiddlenoe

November 24, 2017 at 6:55 pm

Posted in Uncategorized

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