Thursday, October 19, 2017

Hillary Clinton Acknowledges Saudi Terror Financing in Hacked Email, Hinting at Tougher Approach

Saudi Arabia and the U.S. have maintained their alliance for seven decades despite disagreements over oil prices, Israel, and, more recently, the Obama administration’s rapprochement with Iran. Judging by a 2014 email purportedly written by Hillary Clinton to John Podesta, her current campaign chairman, and published by WikiLeaks, there have...

Saudi Arabia Injects $5.3 Billion Into Banks to Ease Crunch

Saudi Arabia's central bank stepped up efforts to support lenders in the Arab world’s biggest economy as they grapple with the effects of low oil prices. Banks’ shares advanced. The Saudi Arabian Monetary Agency, as the central bank is known, is giving banks about 20 billion riyals ($5.3 billion) of time deposits...

Saudi Arabia Said to Weigh Canceling $20 Billion of Projects

Saudi Arabia is intensifying efforts to shrink the highest budget deficit among the world’s biggest 20 economies, aiming to cancel more than $20 billion of projects and slash ministry budgets by a quarter, people familiar with the matter said. The government is reviewing thousands of projects valued at about 260...

Saudi Arabia Strikes Back

For those concerned about the fallout from President Barack Obama and his administration’s nuclear deal with Iran — the Joint Comprehensive Plan of Action, or JCPOA — the hits just keep on coming. The recent revelation that the United States handed over $400 million in cash to Iran on the...

U.S. approves $1.15 billion sale of tanks, equipment to Saudi Arabia

The U.S. State Department has approved the potential sale of more than 130 Abrams battle tanks, 20 armored recovery vehicles and other equipment, worth about $1.15 billion, to Saudi Arabia, the Pentagon said on Tuesday. The approval for land force equipment coincides with Saudi Arabia leading a military coalition in...

Saudi visit to Israel angers Hamas

Hamas has called on Saudi Arabia to prevent the normalization of relations with Israel. The appeal, which went up on Hamas' website July 31, raised eyebrows among those who understand Hamas' complicated situation and the importance of tightening relations with Saudi Arabia. The leaders of the movement, who only...

Behind the 28 Pages: Questions About an Alleged Saudi Spy and the CIA

The recently released “28 pages” are a snapshot in time. They came at the conclusion of the joint House-Senate Intelligence Committees' inquiry and before the 9/11 Commission started its work in 2003. Those pages and many others previously released posed questions for further investigation, based on the committees’ review...

In 9/11 Document, View of a Saudi Effort to Thwart U.S. Action on Al...

WASHINGTON — The long-classified document detailing possible connections between the government of Saudi Arabia and the Sept. 11 terrorist plot released on Friday is a wide-ranging catalog of meetings and suspicious coincidences. It details contacts between Saudi officials and some of the Sept. 11 hijackers, checks from Saudi royals to...

Declassified 28 Pages Suggest Ties Between Associate of 9/11 Hijackers and Former Saudi Ambassador

Twenty-eight pages of a 2002 congressional report on the September 11, 2001 terror attacks, released Friday, suggest potential links between some of the hijackers and people with ties to the Saudi government, but contain no independent evidence of a direct relationship. The release of the 28-pages, classified for more than...

The Future of U.S.-Saudi Relations

The Kingdom and the Power. The relationship between the United States and Saudi Arabia has come under unprecedented strains in recent years. U.S. President Barack Obama has openly questioned Riyadh’s value as an ally, accusing it of provoking sectarian conflict in the region. According to The Atlantic’s Jeffrey Goldberg, when...

Saudi Arabia said to weigh bond sale of up to US$15b

Saudi Arabia is considering selling as much as US$15 billion of bonds this year in what would be the country's first foray into international capital markets, people with knowledge of a matter said. Encouraged by Qatar's record issue last week, Saudi Arabia is weighing a sale of at least...

The Untold Story Behind Saudi Arabia’s 41-Year U.S. Debt Secret

t was July 1974. A steady predawn drizzle had given way to overcast skies when William Simon, newly appointed U.S. Treasury secretary, and his deputy, Gerry Parsky, stepped onto an 8 a.m. flight from Andrews Air Force Base. On board, the mood was tense. That year, the oil crisis had hit home. An embargo by OPEC’s Arab nations - payback for U.S. military aid to the Israelis during the Yom Kippur War - quadrupled oil prices.

Revealed: Saudi Arabia owns $117 billion of U.S. debt

One of the biggest mysteries in global finance was just revealed: How much U.S. debt Saudi Arabia owns. Saudi Arabia stockpiled $116.8 billion of U.S. Treasuries as of March, the Treasury Department announced on Monday, ending four decades of keeping the figure secret. That makes Saudi Arabia the 13th largest foreign...

U.S. Discloses Saudi Holdings of Treasuries for First Time

The Treasury Department released a breakdown of Saudi Arabia's holdings of U.S. debt, after keeping the figures secret for more than four decades. The stockpile of the world’s biggest oil exporter stood at $116.8 billion as of March, down almost 6 percent from a record in January, according to data...

Saudi officials were supporting 9/11 hijackers, commission member says

First serious public split revealed among commissioners over the release of the secret ‘28 pages’ that detail Saudi ties to 2001 terrorist attacks. A former Republican member of the 9/11 commission, breaking dramatically with the commission’s leaders, said Wednesday he believes there was clear evidence that Saudi government employees were...

Saudi Shakeup: Ali Naimi Out, Al-Falih In, Market Share Battle Continues

Saudi Arabian King Salman dismissed oil minister Ali Naimi on Saturday. The move comes a month after the Royal Kingdom announced plans to decrease its economy's reliance on oil in an economic plan called "Vision 2030". Al-Naimi has been named an adviser to the royal court. Khalid & The Deputy...

Saudi Arabia is suddenly facing a serious catastrophe – here’s why

Saudi Arabia is in serious trouble. The BinLadin Group, the kingdom’s largest construction company, has terminated the employment of fifty thousand foreign workers. They have been issued exit visas, which they have refused to honor. These workers will not leave without being paid back wages. Angry with their employer,...

The $2 Trillion Gamble That Saudi Arabia Cannot Win

Prince Muhammad Bin Salman, 30, the deputy crown prince of Saudi Arabia laid out his vision for Saudi Arabia on Monday in a plan called “Vision 2030.” He wants to get Saudi Arabia off its oil dependence in only 4 years, by 2020, and wants to diversify the economy...

The classified 28 pages: A diversion from real US-Saudi issues

The controversy surrounding the infamous “28 pages” on the possible Saudi connection with the terrorists that were excised from the joint Congressional report on the 9/11 attacks is at fever pitch. But that controversy is a distraction from the real problems that Saudi Arabia’s policies pose to the United...

Inside Saudi Arabia’s Push to Silence Criticism of Its Brutal War in Yemen

Behind the scenes at the U.N., Riyadh and its friends are blocking resolutions and killing human rights investigations. Saudi Arabia and its Sunni-majority Persian Gulf allies don’t hold a single seat on the U.N. Security Council. But you’d hardly know it: Over the past year, they have wielded their diplomatic...

Kingdom of Saudi Arabia’s Vision 2030

The Council of Ministers of the Kingdom of Saudi Arabia endorsed during its session today (Monday) under the chairmanship of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud the Kingdom of Saudi Arabia's Vision 2030. Today's meeting was devoted to discuss the vision which was...

Saudi Arabia Plans to Break Its Addiction to Oil

Riyadh has an ambitious plan to transform and diversify its oil-dependent economy. Saudi Arabia's new leadership desperately needs it to work. Saudi Arabia on Monday unveiled a sweeping plan to diversify its economy and wean its excessive reliance on crude oil exports by 2030, a blueprint that represents the most...

Saudi Arabia, 9/11, and what we know about the secret papers that could ignite...

There is growing clamour for declassification of the pages along with allegations about attempts by the Saudis to keep their alleged role in the attacks hidden. Twenty-eight secret pages of a report locked away in a room in the Capitol in Washington lie in the centre of a crisis between...

Obama may be preaching tough love to Saudi – but arms sales tell another...

Despite his rhetoric, and his administration’s perceived shift toward Iran, Obama has not fundamentally changed the US status quo toward Saudi Arabia. When President Barack Obama arrived in Saudi Arabia on Wednesday for a meeting of Gulf leaders, he was greeted at the airport by the governor of Riyadh, instead...

Saudi Arabia may be in for a nasty shock when Obama steps down

The mood in the US is changing as politicians and the media explore Saudi links to 9/11 terror attacks. Foreign leaders visiting King Salman of Saudi Arabia have noticed that there is a large flower display positioned just in front of where the 80-year-old monarch sits. On closer investigation, the...

U.S.-Saudi Relations

The U.S.-Saudi Arabia alliance, which survived the oil embargo in 1973 and the attacks of September 11, 2001, in which fifteen of the nineteen passenger jet hijackers were Saudi citizens, is coming under new strains. A new generation of Saudi Arabian leaders is adjusting to what it sees as...
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Saudis To Kerry: We Created ISIS…And CIA Knew

The Saudis have been forthcoming lately about their involvement in the creation and funding of ISIS. But as with the US creation of the Mujahideen in Afghanistan in the 1980's, there was plenty of US support. Intervention blowback continues... It was US intervention in the Middle East, say the Saudis,...

Jordan pivots to Saudi Arabia

Jordan's pivot to Saudi Arabia, specifically over the latter’s hard-line stand on Iran and its alleged interference in Arab countries’ affairs, took a major leap forward following the visit April 10 by Saudi Deputy Crown Prince Mohammed bin Salman, where he met with King Abdullah in the port city...

Saudis threaten $750B asset sale, but experts question it

Saudi Arabia says it may sell off $750 billion in U.S. assets if a Congressional vote doesn't go its way, but experts question if the desert kingdom would carry out the threat — or if it even owns the assets. Last month, Saudi Foreign Minister Adel al-Jubeir told the White...

UK licences £2.8bn of arms sales to Saudis since kingdom entered Yemen war

Government releases £7m of military export licences in last three months of 2015 despite calls to suspend arms sales. The British government released licences for the export of £7m of arms to Saudi Arabia in the last three months of 2015, taking the total value of such licences since the...

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