Read More... 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. Unrest is on the cards in the Kingdom.
Similar Stories to Saudi Arabia Faces Collapse: America’s Middle Eastern Ally May Not Survive This Latest Oil Crisis on Bing News
Vijay Prashad, AlterNet, Salon: Politics
Fri, 05/06/2016 - 1:15am
Topics: binladin group unrest april abdullah when king salman december oil investment productivity transformation gross domestic product the king s mohammed bin salman mbs naomi klein s the shock doctrine duff mcdonald s the firm kuwait prince mbs s saudi vision prince mbs—or prince s will saudi history the imf s middle east central asia—masood ahmed—is china s sinopec petrochina yunnan yuntianhua aramco haramain mecca madina chinese saudi arabia binladin kingdom king salman saudis king s king saudi mckinsey a saudi vision prince prince mbs prince mbs s the yemen sovereign wealth fund ahmed collapse ally crisis workers economy plan country report state monarchy finance water employment war calls economic create largest energy subsidies subjects revenues cut raise money read transition prices private construction billion build electricity tolerate analysts percent led assets prepared foreign sell market company political sales year period million population work low-wage base cranes entire indication turned sale change
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