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Keyword: saudiarabla

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  • The oil price war is set to get vicious (Saudi's now borrowing money)

    07/20/2015 8:25:12 PM PDT · by aimhigh · 35 replies
    Money Week ^ | 7/15/15 | John Stepek
    Saudi Arabia is pumping more crude oil than ever before. In June, it produced 10.6 million barrels a day. That’s the highest on record, . . . . .. And it’s pretty clear that Saudi Arabia is settling in for the long run. The country borrowed $4bn on the bond markets this week, selling bonds for the first time in eight years.
  • Saudi Arabia attack: Islamic State claims Shia mosque bombing

    05/22/2015 9:25:52 AM PDT · by tcrlaf · 19 replies
    BBC ^ | 5-22-2015 | BBC
    The Islamic State (IS) group says it was behind a suicide bombing on a Shia mosque in Saudi Arabia that killed at least 10 people. The attack in Saudi Arabia's Eastern Province is the first to be claimed by the Saudi branch of IS, which was formally established last November. The claim was posted on Twitter with an image of the bomber by an account that is a reliable source on the group. IS has previously threatened to attack Shia Muslims in Saudi Arabia. Witnesses reported a huge blast at the Imam Ali mosque in the village of al-Qadeeh, in...