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Ritz roundup in Riyadh

Saudi billionaire Prince Alwaleed bin Talal in 2014 Photo: Majdi Mohammed / AP

"Saudi authorities detained a billionaire global investor and the head of the National Guard as part of an anti-corruption purge that consolidates Crown Prince Mohammed bin Salman's hold on power," per Reuters:

  • "Prince Alwaleed bin Talal, who owns investment firm Kingdom Holding 4280.SE, was among 11 princes, four ministers and tens of former ministers detained."
  • Why it matters: "Analysts said the goal of the purge went beyond corruption and aimed to remove potential opposition to Prince Mohammed as he pushes an ambitious and controversial reform agenda."