Killing Time

Sleeping With The Devil

"Saudi Arabia sits on 25 percent of the world's proven oil reserves. Although the Saudi Kingdom has more than eighty active oil and gas fields, half of its proven reserves -- 12.5 percent of all the known oil in the world -- is contained in eight fields. "

"The Serious Fraud Office is on the brink of obtaining information from Swiss banks which may implicate the Saudi royal family in secret arms-deal commissions of more than £100m, sources close to the attorney general's office confirmed yesterday.

The SFO has been inquiring for three years, in some secrecy, into allegations of systematic corruption in international deals arranged by Britain's biggest arms company, BAE Systems".

"Saudi Arabia sees Israel as a likely ally".

posted by Brendan @ 10:17 AM