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Posts Tagged ‘King Abdullah’

Saudi Arabian security forces quell ‘day of rage’ protests

March 12, 2011 Comments off

guardian.co.uk

Saudi Saudi policemen form a check point near the site where a demonstration was expected to take place in Riyadh on Friday. Photograph: Hassan Ammar/AP

Saudi security forces came out in strength in Riyadh on a “day of rage” organised by pro-democracy campaigners who managed only small demonstrations in the eastern provinces.

Expectations that the unrest sweeping the Arab world in the last few weeks would spread to its most conservative kingdom appeared to have been dashed by pre-emptive security measures and stern official warnings against any protests.

Far larger demonstrations rocked Yemen, where tens of thousands of pro and anti-government protesters took to the streets as President Ali Abdullah Saleh struggled to maintain his grip.

Clashes broke out in Read more…

Gas Prices Set to Rise Nearly 40 Cents in Coming Days

February 24, 2011 Comments off

Kurt Nimmo
Infowars.com
February 24, 2011

Earlier this week, market analysts warned that the price of gas may reach $5 by the end of summer. Now they are saying we could see that price by Memorial Day as the situation in Libya deteriorates.

On the S&P 500 today, the price of Brent Crude breached $119 a barrel during a period of frantic trading. Brent Crude is used to price two thirds of the world’s internationally traded crude oil supplies. The price was below $100 yesterday afternoon.

The world’s oil benchmark jumped almost $17 this week and it appears there is no end in sight as the situation in the Middle East heats up.

Saudi Arabia is under pressure to boost output as the prospect of a Libya production cutoff looms.

Oil traders said Saudi talks with Europe signal that the oil kingdom understands that the political crisis in Libya is now an oil supply crisis.

On Thursday, the Italian oil company Eni, the most active company in Libya, said oil production from the North African country has dropped to just a quarter of normal levels.

“You can only expect the price to go up. It is fear of the unknown. The risks are all to the Read more…

Saudi King Orders $37 Billion in Benefits to People To Quell Any Unrest

February 24, 2011 Comments off

news.yahoo.com

RIYADH (Reuters) – Saudi King Abdullah returned home on Wednesday after a three-month medical absence and unveiled benefits for Saudis worth some $37 billion in an apparent bid to insulate the world’s top oil exporter from an Arab protest wave.

The king, who had been convalescing in Morocco after back surgery in New York in November, stood as he descended from the plane in a special lift. He then took to a wheelchair.

Hundreds of men in white robes performed a traditional Bedouin sword dance on carpets laid out at Riyadh airport for the return of the monarch, thought to be 87.

Abdullah left his ailing octogenarian half-brother, Crown Prince Sultan, in charge during his absence.

Before Abdullah arrived, state media announced an action plan to help lower- and middle-income people among the 18 million Saudi nationals. It includes pay rises to offset inflation, unemployment benefits and affordable family housing.

Saudi Arabia has so far escaped popular protests against Read more…

As Arab world shakes, Iran’s influence grows

February 24, 2011 1 comment

Michael Slackman

New York Times

MANAMA, Bahrain — The popular revolts shaking the Arab world have begun to shift the balance of power in the region, bolstering Iran’s position while weakening and unnerving its rival, Saudi Arabia, regional experts said.

While it is far too soon to write the final chapter on the uprisings’ impact, Iran already has benefited from the ouster or undermining of Arab leaders who were its strong adversaries and has begun to project its growing influence, the analysts said. This week Iran sent two warships through the Suez Canal for the first time since its revolution in 1979, and Egypt’s new military leaders allowed them to pass.

Saudi Arabia, a U.S. ally and a Sunni nation that jousts with Shiite Iran for regional influence, has been shaken. King Abdullah on Wednesday signaled his concern by announcing a $10 billion increase in welfare spending to help young people marry, buy homes and open businesses, a gesture seen as trying to head off the kind of unrest that fueled protests around Read more…

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