Saudi Arabia
US confirms $60 billion arms sales package for Saudi Arabia
October 21, 2010The Obama administration announced plans Wednesday to sell up to $60 billion worth of advanced fighter aircraft, helicopters and related weapons systems to Saudi Arabia. The package is aimed at helping Saudi Arabia deal with potential threats from Iran...
Gulf Oil Producers, Others Ready To Dump Dollar
October 07, 2009Britain's daily "The Independent" has reported that Gulf Arab oil producers held secret talks with oil buying states on moving away from using the dollar as the sole currency for transactions. Just hours after the story was published, Saudi...