Search Results for: Saudi Arabia

US approves $1.15 billion sale of tanks and weapons to Saudi Arabia

Tanks Saudi Arabia weapons

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 …

Read More »

Saudi blogger sentenced to 1,000 lashes may face death penalty

Raif Badawi Saudi Arabia

Raif Badawi, the Saudi Arabian blogger whose punishment of 1,000 lashes has prompted international condemnation, may now face the death penalty. Mr Badawi’s wife, Ensaf Haidar, told The Independent in a series of messages that judges in Saudi Arabia’s criminal court want him to undergo a re-trial for apostasy. If …

Read More »

Cash-strapped Saudi Arabia looking to issue $15 billion in bonds

Saudi Arabia bond sale

Last week the bond market was stunned by the unprecedented demand for sovereign paper issued by the middle-eastern nation of Qatar, which announced it would issue $9 billion in Eurobonds (in three maturities), more than double what had been originally expected by the market, and well below the total demand …

Read More »

US approves $1.3bn sale of bombs to Saudi Arabia

President Obama King Salman Saudi Arabia

The Pentagon announced on Monday that the U.S. has approved a $1.29 billion arms sale to Saudi Arabia, despite widespread mounting evidence of the country’s mass atrocities and possible war crimes in neighboring Yemen. The U.S. State Department on Friday approved the sale of over 10,000 bombs, munitions, and weapons parts produced …

Read More »

US armed coalition bombs funeral in Yemen; over 140 dead, 525 wounded

yemen-funeral-bombing-sanaa-saudi-arabia

Western-backed, Saudi-led coalition airstrikes killed and wounded hundreds of Yemenis at a crowded funeral on Saturday. More than 140 Yemenis were killed and at least 525 were injured, the U.N. said, citing health officials. The casualty figures are likely to increase. CNN reported at least 155 Yemenis were killed, citing two health …

Read More »

Saudi regime to waste $68m for luxurious Trump visit

President Donald Trump Saudi Arabia King Salman bin Abdulaziz Al Saud

Donald Trump’s presidential term is set to reach whole new levels of extravagance when he visits Saudi Arabia this month in his first official state visit. But when it comes to lavish, the Saudis tower over the US president, known for his love of luxury. The kingdom has allocated 257 …

Read More »

Saudi Arabia could be bankrupt by 2020 – IMF

Saudi Arabia Faisaliah Tower

The Middle East’s biggest economy, Saudi Arabia may run out of financial assets within the next five years if the government maintains its current policies, warns the International Monetary Fund. Saudi Arabia is expected to run a budget deficit of 21.6 percent in 2015 and 19.4 percent in 2016, according …

Read More »

Saudi Arabia is losing money fast, dumping of US debt expected

Saudi Arabia King Salman Obama

From Filip Karinja, for Birch Gold Group With the price of oil plunging and increased military spending in Yemen, Saudi Arabia is dipping into its reserves to make ends meet. In December alone, the kingdom blew $19.4 billion of its now remaining $608.4 billion. With the nation burning through almost $100 billion in reserves in …

Read More »

Saudi Arabia’s King Abdullah dead

Saudi King Abdullah bin Abdul Aziz al-Saud

Saudi Arabia‘s King Abdullah has died, state television reported early on Friday and his brother Salman became king, it said in a statement attributed to Salman. King Salman has called on the family’s Allegiance Council to pay allegiance to Muqrin as his crown prince and heir. “His Highness Salman bin …

Read More »

Second Saudi Prince killed during crackdown

Saudi Prince Abdul Aziz bin Fahd

Following the death of Prince Mansour bin-Muqrin in a helicopter crash near the Yemen border yesterday, the Saudi Royal Court has confirmed the death of Prince Abdul Aziz bin Fahd – killed during a firefight as authorities attempted to arrest him. The death has been confirmed by the Saudi royal court. The …

Read More »

Saudi Arabia posts $135 billion deficit

Saudi King Salman bin Abdulaziz

Saudi Arabia on Monday said this year’s budget deficit amounted to $135 billion (367 billion riyals) as lower oil prices cut into the government’s main source of revenue, prompting the kingdom to scale back spending for the coming year and hike up petrol prices. A royal decree announced that petrol prices …

Read More »

Saudi Arabia beheads 79th person this year

King Salman Saudi Arabia

Saudi Arabia on Wednesday beheaded one of its nationals convicted of drug trafficking, bringing to 79 the number of executions this year. According to AFP tallies, that figure compares with 87 for all of last year and adds to what Amnesty International has called a “macabre spike” in the kingdom’s …

Read More »

Saudi anti-govt leader sentenced to death by crucifixion

Sheikh Nimr al-Nimr

Sheikh Nimr al-Nimr, a figurehead of the Shia minority protests that have rumbled in Saudi Arabia since 2011, was sentenced to death on Wednesday, his brother announced on Twitter. Mohammed al-Nimr said his brother was found guilty by a Riyadh court of “encouraging foreign meddling” from Iran, and disobeying the government with …

Read More »

OPEC alliance begins to crumble as price of oil plunges

Saudi Arabia oil

The past few weeks have seen the gradual breakup of the powerful international oil cartel of OPEC, the Organization of the Petroleum Exporting Countries. Comprised of twelve member-states, OPEC has been extremely influential in the oil industry, controlling prices and supply since its inception in 1960. The cartel is most …

Read More »

Saudi Arabia’s King Abdullah clinically dead: Report says

Saudi Arabia King Abdullah

Saudi Arabia’s King Abdullah bin Abdulaziz is reported to be clinically dead as the monarch is not recently seen in the public. A Saudi journalist working for London-Based Asharq Alawsat says the Saudi monarch has been clinically dead since Wednesday. He also quoted medical sources in Saudi Arabia as saying …

Read More »

Saudi and US backed coalition bombs center for the blind in Yemen

Yemen center for the blind bombed Saudi Arabia United States

The new year seems to have brought little change for civilians living under bombs in Yemen. Early Tuesday morning, missiles reportedly fired by aircraft supporting the Saudi-led and U.S.-backed coalition damaged a center for the blind in the capital city of Sanaa, as well as the city’s chamber of commerce, a …

Read More »

Saudi airstrike on refugee camp kills 40 in Yemen

An air strike in Yemen by the Saudi-led coalition has killed at least 40 people and wounded about 200 at a camp for internal refugees, a human rights group has said. Of the injured, 25 were severely injured in the raids, a spokesman for the International Organisation for Migration (IOM) …

Read More »