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ent of the fruitlessly job-seeking women have university degrees. For young men, prospects aren't much better. Behind a sales counter at a mall in Riyadh, 21-year Abdul Rahman Saeed -- like Nada, a Saudi in a national labor market overwhelmed by the flood of cheap labor from South Asia -- sells mobil
toll on the kingdom's finances. Already, the Saudi government is forced to devote nearly 40 percent of its budget simply to paying wages, economist John Sfakianakis at Banque Saudi Fransi in Riyadh says. "They can't keep creating $130 billion spending packages," he warns. "They can do it for another few years.
suring move by the central bank to limit the risk of any run on Dubai-based banks," said John Sfakianakis, chief economist at Banque Saudi Fransi in Riyadh. It will alleviate any "liquidity concerns by foreign banks about the banking system, mostly those based in Dubai." Dubai World, a state-owned hold
00 basis points in a percentage point. "This is very a reassuring move by the central bank to limit the risk of any run on Dubai-based banks," said John Sfakianakis, chief economist at Banque Saudi Fransi in Riyadh. It will alleviate any "liquidity concerns by foreign banks about the banking system, mostly those
ent of the fruitlessly job-seeking women have university degrees. For young men, prospects aren't much better. Behind a sales counter at a mall in Riyadh, 21-year Abdul Rahman Saeed -- like Nada, a Saudi in a national labor market overwhelmed by the flood of cheap labor from South Asia -- sells mobil
toll on the kingdom's finances. Already, the Saudi government is forced to devote nearly 40 percent of its budget simply to paying wages, economist John Sfakianakis at Banque Saudi Fransi in Riyadh says. "They can't keep creating $130 billion spending packages," he warns. "They can do it for another few years.
Entities connected to both Riyadh and John Sfakianakis

Barack Obama
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Cairo
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Bashar al-Assad
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Tehran
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Lebanon
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Bill Clinton
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Saudi Arabia
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Benjamin Netanyahu
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Damascus
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Middle East
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Kuwait
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Marc Rich
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Jerusalem
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Morocco
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Tunisia
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Hillary Clinton
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Saddam Hussein
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Baghdad
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Fatah
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Mahmoud Abbas
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