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Is Saudi Arabia Heading towards Financial Ruin?

  • Published in Analysis
  •   |  

On August 5, 2015, the Financial Times reported that Saudi Arabia was returning to the bond market with a plan to raise $27bn by the end of 2015. The paper also indicated this was a clear sign of the strain to lower oil prices putting pressure on the finances of the world’s largest oil exporter. Fahad al-Mubarak, the governor of the Saudi Arabian Monetary Agency, said in July that Riyadh had already issued its first $4bn in local bonds, the first sovereign issuance since 2007.

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Denying the Ill Imprisoned Advocate for Khilafah Appropriate Food is a New Low

Having recently issued a request that residents of Islamabad report any distribution of the literature of Hizb ut Tahrir to police authorities, the regime sunk even deeper in its suppression of Islam, through denying the imprisoned advocate for Khilafah "Caliphate", Dr. Iftikhar, an appropriate diet for a severe disease of the gut. Despite his repeated requests to the Kot Lakhpat Prison authorities, Dr. Iftikhar is being denied rice to eat which is an urgent medical requirement for his condition, ulcerative colitis, to prevent further damage to his continuously bleeding gut.

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