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ROBERT FISK – Saudi Arabia: Can’t Pay Its Bills, Yet Funds War on Yemen

Almost exactly a year after Salman bin Albdulaziz Al Saud, king of Saudi Arabia, Custodian of the Two Holy Mosques and head of the House of Saud, hurriedly left his millionaire’s mansion near Cannes with his 1,000 servants to continue his vacation in Morocco, the kingdom’s cash is not flowing so smoothly for the tens of thousands of sub-continental expatriates sweating away on his …

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PAUL COCHRANE – Hot Air in the Saudi Desert: a Kingdom in Descent?

The Kingdom of Saudi Arabia (KSA) is in financial dire straits. Since the plunge in oil prices, the kingdom has been hemorrhaging money left, right and center. It has provided billions of dollars to shore up counter-revolutionary governments around the Middle East, especially Egypt, it is heavily involved in the Syrian conflict, and is burning through some $6 billion a month waging …