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Saudi Arabia

What Oil Recovery? Saudi Borrowing Costs Spike To 7 Year Highs

What Oil Recovery? Saudi Borrowing Costs Spike To 7 Year Highs

Despite oil's rebound off cyclical lows and the world's exuberance that the energy space may be saved (on the basis of headline-reading algos pumping momentum into commodity futures products that only leveraged Chinese speculators could find value in), something ugly is occurring in Saudi Arabian money-markets.There appears to be a growing funding squeeze in The Kingdom as 3-month interbank rates spike above 2% for the first time since Jan 2009 prompting King Salman to approve a 'post-oil economic plan'.

 

Bernie Sanders Says America Needs New 9/11 Investigation

Bernie Sanders has called for a fresh new 9/11 investigation to get to the “root cause” of what happened on September 11, 2001.  In an interview aired on Sunday, Sanders said he supports Senate legislation that will allow families of 9/11 victims to sue foreign governments, such as Saudi Arabia, for their involvement in the 9/11 attacks. “I think there’s a lot about Saudi Arabia that we don’t fully understand. And I want to get to the root cause of it,” Sanders told NBC News.

White House Set To Release Secret Pages From Sept 11 Report

White House Set To Release Secret Pages From Sept 11 Report

Over the past several weeks, the White House has been very vocal about its opposition to both the Bipartisan Bill that would allow families of Sept 11 victims to sue Saudi Arabia for its involvement in the WTC attack, as well as stonewalling when it comes to releasing the confidential "28 pages" that have been withheld from the Congressional inquiry report into 9/11 and which allegedly provide damning evidence about the the perpetrators of the worst terrorist attack on US soil.

Saudi Arabia Admit They Helped Create ISIS

Saudi Arabia have admitted that they created ISIS in response to the U.S. support for the Da’wa – the Tehran-aligned Shia Islamist ruling party of Iraq – in a stunning admission that has gone virtually unreported in the mainstream press. As Saudi-U.S. relations continue to deteriorate amid threats to de-classify 28-pages of the official 9/11 report, the FT have written an article that reveals yet another blow to diplomatic relations between the two countries.

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