Mending Qatar Ties Won't Calm Investors Troubled by Saudi Shocks

Last month, investors put the prince’s tactics under the spotlight after the killing of Saudi critic Jamal Khashoggi at the consulate in Istanbul caused an international uproar, sending the kingdom’s credit risk rising by the most in the world. “One thing is for certain: the price of Western support or tolerance for the Saudi regime became more expensive,” said Julian Rimmer, a trader at Investec Bank Plc in London. The 33-year-old prince -- commonly known as MBS -- had presented himself as a modernizer since his rise to power in 2015, winning praise for loosening restrictions on women and preparing the economy for a time after oil.

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