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yrian incitement. The Syrian regime, under the weight of an unprecedented popular uprising, is doing today what Saddam Hussein did when he occupied Kuwait, where Saddam gave Iran all he had fought with it for, over eight years, with the stroke of a pen. Today, it seems like the regime in Damascus is r
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.
illion is of greater concern, they said. The U.A.E.'s banking industry is already the biggest among the six Gulf Arab states including Saudi Arabia,Kuwait and Qatar, with 1.54 trillion dirhams ($418 billion) in assets, central bank data shows. To contact the reporter on this story: Arif Sharif in Duba
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
yrian incitement. The Syrian regime, under the weight of an unprecedented popular uprising, is doing today what Saddam Hussein did when he occupied Kuwait, where Saddam gave Iran all he had fought with it for, over eight years, with the stroke of a pen. Today, it seems like the regime in Damascus is r
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 Kuwait and John Sfakianakis

Barack Obama
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Middle East
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Bashar al-Assad
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Lebanon
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Marc Rich
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Cairo
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Saddam Hussein
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Bill Clinton
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Tunisia
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Morocco
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Tehran
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Benjamin Netanyahu
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Samantha Power
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Tony Blair
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Saudi Arabia
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Jerusalem
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Riyadh
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Damascus
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Mahmoud Abbas
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Michael Cohen
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