sharon sanders
Editor-in-Chief & President
[h=1]Saudi King Unleashes a Torrent of Money as Bonuses Flow to the Masses[/h] By BEN HUBBARD
FEB. 19, 2015
snip
?It is party time for Saudi Arabia right now,? said John Sfakianakis, the Riyadh-based Middle East director of the Ashmore Group, an investment company, who estimates that the king?s post-coronation giveaway will ultimately cost more than $32 billion.
That is a lot of cash, more, for example, than the entire annual budget for Nigeria, which has Africa?s largest economy.
more...
http://www.nytimes.com/2015/02/20/w...asses.html?partner=socialflow&smid=tw-nytimes
FEB. 19, 2015
snip
?It is party time for Saudi Arabia right now,? said John Sfakianakis, the Riyadh-based Middle East director of the Ashmore Group, an investment company, who estimates that the king?s post-coronation giveaway will ultimately cost more than $32 billion.
That is a lot of cash, more, for example, than the entire annual budget for Nigeria, which has Africa?s largest economy.
more...
http://www.nytimes.com/2015/02/20/w...asses.html?partner=socialflow&smid=tw-nytimes