Ali Shihabi talks about Saudi reforms with Richard Quest on CNN International
For the last twelve months, Saudi Arabia has been undergoing political and economic shock therapy. While critical to securing the Kingdom’s long-term stability these changes have slowed economic growth. The stimulus will address that. Among those elites detained at the Ritz-Carlton only a few high-profile names were leaked to the media to send a political message that no one, no matter how powerful, is immune. Everyone else at the Ritz is entitled to anonymity under sharia’a law unless they are brought to court. The rapid pace of social and economic reform is a reflection of the depth and breadth of issues that were neglected for too long and now must be urgently addressed.