FILE PHOTO: Saudi Arabian Prince Al-Waleed bin Talal arrives at the Elysee palace in Paris, France, to attend a meeting with French President, September 8 , 2016. REUTERS/Philippe Wojazer
DUBAI (Reuters) - A purge of Saudi Arabia's political and business elites briefly dragged down the kingdom's stock market on Sunday but prices recovered to close higher as some investors bet the crackdown could bolster reforms in the long run.
The size of the purge - 11 princes, four ministers and tens of former ministers were detained by a newly created anti-corruption committee headed by Crown Prince Mohammed bin Salman - raised questions about the stability and predictability of the Saudi government.
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