• Home
  • News
    • People moves
    • Africa
    • Asia
    • Australia
    • Canada
    • Caribbean
    • Domicile
    • Europe
    • Latin America
    • North America
    • Middle East
    • US
    • US
    • UK
  • Products
    • Funds
    • Pensions
    • Platforms
    • Insurance
    • Investments
    • Private Banking
    • Citizenship
    • Taxation
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Directory
  • Video
  • Advertise with us
  • Directory
  • Events
  • European Fund Selector
  • Newsletters
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
  • Advertise with us
  • Directory
  • Events
    • Upcoming events
      event logo
      International Investment Nordic Forum 2021

      International Investment is delighted to announce the 2021 International Investment Nordic Forum which will take place on Tuesday March 9, at 9am (GMT). This curated virtual event will be broadcast live and will feature a series of fund manager interviews and presentations, as well as interviews with some of the Nordic regions top fund selectors.

      • Date: 09 Mar 2021
      • ONLINE, ONLINE
      View all events
  • European Fund Selector
International Investment
International Investment

Sponsored by

Sharing Alpha
  • Home
  • News
  • Products
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Video
  • Emerging Markets

Saudi Arabia launches office to continue fight against corruption

Saudi Arabia launches office to continue fight against corruption
  • Pedro Gonçalves
  • @PeterHSG
  • 06 February 2019
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  

Saudi Arabia has launched an office to monitor state spending, saying it would help keep up the fight against corruption after the closing of a 15-month crackdown, state media reported.

The financial reporting office  will be part of the state's General Auditing Bureau, public prosecutor Saud al-Mojeb was quoted as saying on Monday by state news agency SPA, Reuters reported.

Related articles

  • Saudi anti-graft drive ends with $106 bn in settlements
  • Anti-illicit funding body rejects Saudi membership
  • Saudi 'anti-corruption' purge ends, yielding $107bn for the state
  • Saudi Arabia reports 50% rise in corruption complaints

"Corruption is not restricted to a specific company or government sector. The concerned authorities will be monitoring," he said.

King Salman  underlined during a cabinet meeting in Riyadh that Saudi will continue along its path to protect integrity and combat and eliminate corruption. He stated that the audit agencies must bolster their roles to ensure that public funds are protected and preserved.

Last week, Saudi Arabia announced the end of a high-profile anti-corruption probe that boosted the state coffers by more than $100bn and has left dozens detained.

The anti-graft sweep led by Crown Prince Mohammed bin Salman has been labelled by some critics as a shakedown and power grab, but authorities have insisted the purge targeted endemic corruption.

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • Emerging Markets
  • Saudi Arabia
  • Riyadh
  • GCC
  • Corruption
  • Middle East
  • MBS

More on Emerging Markets

Emerging markets funds 'in the vanguard' of ESG investing over next five years

  • ESG
  • 17 February 2021
Comment: A moment in emerging markets as risk premium returns

  • Comment
  • 04 February 2021
Comment: A mixed outlook for frontier markets in 2021

  • Comment
  • 05 January 2021
Interview: NS Partner's Ian Beattie considers prospects for emerging markets

  • Emerging Markets
  • 04 December 2020
Emerging market debt funds are yet to recover from covid-19: report

  • Funds
  • 25 November 2020
Back to Top

Most read

HSBC Singapore CEO to leave for Saudi British Bank
HSBC Singapore CEO to leave for Saudi British Bank
Global UHNWI population to grow by 27% over the next five years: Knight Frank
Global UHNWI population to grow by 27% over the next five years: Knight Frank
EU removes Barbados from blacklist of 'non-cooperative' jurisdictions
EU removes Barbados from blacklist of 'non-cooperative' jurisdictions
J.P. Morgan Asset Management launches Global Income Sustainable Fund
J.P. Morgan Asset Management launches Global Income Sustainable Fund
Comment: Four key issues powering the renewable energy revolution
Comment: Four key issues powering the renewable energy revolution
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading