Why Are The Oil Sheikhs Hiding Their Money?

Pete Souza/White House

Maajid Nawaz, The Hill: Obama in Saudi Arabia: What Do These Oil Sheikhs Have to Hide?

A look at the Panama Papers revelations shows how insecure the Middle East’s absolute leaders have become.

LONDON — On Thursday, President Barack Obama will meet with the kings and emirs of the Gulf Cooperation Council in Saudi Arabia. And of the many things they may talk about (Iran, Syria, Yemen, al Qaeda, and ISIS, not to mention oil prices and the efforts by U.S. lawyers and politicians to blame the 9/11 attacks on the Riyadh royals), it’s doubtful they will do much talking about the Panama Papers. But they certainly should.

It’s been more than a year since an anonymous source contacted journalist Bastian Obermayer at the German newspaper Süddeutsche Zeitung asking a simple yet devastating question, “Want data?”

“How much?” Obermayer asked.

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WNU Editor: Considering on what has happened .... and is happening throughout the Middle East .... you would be a fool not to have a "safe nest-egg" somewhere else.