The market should not expect Saudi Arabia to develop into a democracy any time soon, he said, but economic reform is a net positive for investors and stands to create a successful model of development that has been lacking in the Arab world.
More centralized decision-making could create greater certainty for international investors, said Michael Rubin, Middle East scholar at the American Enterprise Institute, a conservative think tank.
With its roots in the Atlanta hip-hop scene, the dance has been unconvincingly tied to weed culture, particularly the act of smoking cannabis oil.
Photo of Saudi Arabian 'girls council' shows only men Famous dabbers include Carolina Panthers quarterback Cam Newton, hip-hop trio Migos and Jeb Bush.
Crown Prince Mohammed bin Salman has framed the arrest of 11 princes, four ministers and dozens of officials this weekend as a crackdown on corruption.
Others have a called it a power grab meant to smooth the way for the 32-year-old's widely anticipated rise to the throne and his bid to overhaul the Saudi economy.