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+30 +1
Why Saudi Arabia Is Suddenly in Serious Trouble
Saudi Arabia is in serious trouble. The Binladin Group, the kingdom’s largest construction company, has terminated the employment of fifty thousand foreign workers. They have been issued exit visas, which they have refused to honor. These workers will not leave without being paid back wages. Angry with their employer, some of the workers set fire to seven of the company’s buses.
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Analysis+22 +1
Trouble looms for developing countries as commodity revenues collapse
Slumping commodity prices pose aserious challenge to economic and political stability indeveloping economies across Latin America, Africa, the MiddleEast and Asia.