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WiredJa Online News

Saudi's forex reserves to hit $523bn by year-end

JEDDAH, December 17, 2016 - Saudi Arabian Monetary Authority’s (Sama) foreign exchange reserves are estimated to reach nearly SR1.961 trillion ($523 billion), by the end of this year, implying lower net withdrawals over the remainder of 2016 as a result of the international bond issuance, said the report.

Saudi Arabia Snubs Obama: Failure of US Middle East Policy

During his trip (April 20-21) to Saudi Arabia US President Obama held a private meeting with King Salman and attended a Gulf Cooperation Council (GCC) summit focused on regional stability, Iran and counterterrorism. His entourage included US Defense Secretary Ashton Carter, National Security Adviser Susan Rice and Central Intelligence Agency Director John Brennan, demonstrating the focus on security.

Saudi King & Princes Blackmail U.S. Government

Saudi Arabia, owned by the Saud family, are telling the U.S. Government, they’ll wreck the U.S. economy, if a bill in the U.S. Congress that would remove the unique and exclusive immunity the royal owners of that country enjoy in the United States, against their being prosecuted for their having financed the 9/11 attacks, passes in Congress, and becomes U.S. law.

America’s Subservience to Saud Family

The Saud royal family are by far the world’s largest buyers of US weapons. The King of Saudi Arabia is by far the world’s richest person, with a net worth well over a trillion dollars; and, when his (Aramco’s) 260 billion barrels of oil reserves were valued at $100 per barrel, his net worth was over $15 trillion.

Noam Chomsky: The Real ‘Grave Threat’ to World Peace Isn't Iran— It's the US!

This post first appeared at TomDispatch. A best-known and globally respected conscientious intellectual on the absurdity of American opposition to the Iran deal.   Throughout the world there is great relief and optimism about the nuclear deal reached in Vienna between Iran and the P5+1 nations, the five veto-holding members of the U.N. Security Council and Germany.

Oil prices may go back up next year

KINGSTON, December 26, 2014 - As Jamaicans begin to reap the benefits from the decline in world oil prices, Saudi Arabia has indicated that it is expecting oil prices to be at least 43% higher next year. The indication came in the kingdom's 2015 budget released on Wednesday.

Oil Prices and Energy Wars: The Empire of Frack versus Russia

Energy prices started to move downward in late-2014, when Saudi oil began to flood energy markets. Variations of two main schools about this emerged. One school explained things purely on the basis of business interests whereas the other school viewed the drop in oil prices geopolitically.
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