Wednesday, October 29, 2008

Slow down, not recession, for oil-rich gulf.

Because of oil wealth, countries like Saudi Arabia, the United Arab Emirates and Kuwait appear to be coping with the economic crisis.

The United Arab Emirates has put $32 billion into its banking system and guaranteed bank deposits.

(Slowdown in Persian Gulf Reverberates in Middle East)

Saudi Arabia has put extra money into the Saudi Credit Bank, a bank which gives interest-free loans to less well-off Saudis.

Kuwait has taken steps to prop up its second largest bank.

While oil-rich Scotland suffers, because its oil wealth gets stolen by England, the gulf is unlikely to have a recession.

“We are not calling for a recession in the gulf,” said Marios Maratheftis, regional head of research for Standard Chartered Bank in Dubai. “We are looking at a slowdown.”

Egypt, Jordan and Syria normally receive lots of money from those of their citizens living in the gulf.


Saturday, October 04, 2008



Is the CIA trying to topple Syria's President Bashar al-Assad?

And is Saudi Arabia's Prince Bandar helping the CIA?

On 27 September 2008, a bomb blast occurred in Damascus, in Syria, and left at least 17 people dead and 14 others wounded.

According to The Guardian, "the bombing - the third major attack this year - was similar to terrorist attacks launched by the Muslim Brotherhood in the Eighties." (Syria: Damascus car bomb kills 17 at Shia shrine.)

The Muslim Brotherhood is believed to work for the CIA and its friends.

Reportedly, in 1957, the CIA and MI6 used the Muslim Brotherhood to destabilize Syria and assassinate its nationalist leaders (see Jean Shaoul, CIA-MI6 planned to assassinate Syrian leaders in 1957).

From Media Lens Message Board. we learn:

Mossad was behind the bomb attack in Damascus, according to a columnist in the semi-official Jordanian daily Ad-Dustour.

Hashem al-Khaledi wrote in an editorial:

"It's a US-backed Israeli conspiracy to destabilize the Syrian regime and create enough chaos to produce an opposition that would develop and grow under the sponsorship of Israel and the United States.

"They seek to topple the regime of President Bashar Assad, who is seen by the United States and Israel as an obstacle facing their schemes in the region."

Who might be helping Mossad in the region?

"Lebanon's Al-Manar TV station reported on Monday that Saudi Arabia was the country that provided the intelligence to Mossad, suggesting that Saudi Secretary General of the National Security Council Prince Bandar bin Sultan played a role in the cooperation between the intelligence agencies." - Arab country 'cooperates with Mossad'

Prince Bandar and Bush

On July 12, 2006, it was reported that Prince Bandar was seeking to sell his 56,000-square-foot mansion in Aspen, Colorado for US $135 million. The palatial vacation home, called Hala Ranch, is larger than the White House, is perched on a mountaintop of 95 acres, and includes 15 bedrooms along with 16 bathrooms featuring 24-karat gold fixtures.

The mansion is no longer for sale.

"Between April 1998 and May 2002, some $51-73,000 in checks and cashier's checks were provided by the Saudi Ambassador to the United States and his wife to two families in southern California, who in turn bankrolled at least two of the 9/11 hijackers." (Prince Bandar and 9/11)

Muslim Brotherhood, reportedly financed by the CIA

From P II: An American Pinay Circle, we learn:

"The early 1970s also brought Saudis recruited by the CIA to train at American military bases, including Prince Bandar bin Sultan.

"Bandar has long been an ally, if not an asset, of the CIA.

"When DCI William Casey wanted a cell of alleged terrorists killed, King Fahd sent Bandar to Langley to make the arrangements. The plan backfired when the subsequent car bombing took
down an apartment building near Beirut, killing 80 innocent civilians.

"After September 11, 2001, Bandar would fall under suspicion when it was discovered that two of the terrorists involved were found to have received financing from the Prince.

"Bandar was trained at Ellington AFB near Houston. (Source: Lois Battuello)...

"The CIA funded the Muslim Brotherhood in 1977, and trained Mujahadin to support Hekmatyar of the Brotherhood in Afghanistan.

"The fundamentalism-happy Muslim Brothers have served the CIA operationally for some 40 years, an arrangement rubber-stamped by Allen Dulles, Frank Wisner and Kermit Roosevelt.

"Airline hijacker Mohammed Atta was ID'd as a Muslim Brother in the Wall Street Journal and New York Times shortly after the jet attacks on the World Trade Center. So were Khalid Shaik Mohammed and Ramzi Yousef..."

Bandar's US Mansion

According to Wikipedia, Bandar helped negotiate the 1985 Al Yamamah deal, a series of massive arms sales by the United Kingdom to Saudi Arabia worth GB£40 billion (US$80 billion), including the sale of more than 100 warplanes.

After the deal was signed, British arms manufacturer British Aerospace (now BAE Systems) allegedly funnelled secret payments of at least GB£1 billion (US$2 billion) into two Saudi embassy accounts in Washington, in yearly instalments of up to GB£120 million (US$240 million) over at least 10 years.

Bandar allegedly took money for personal use out of the accounts, as the purpose of one of the accounts was to pay the operating expenses of the prince's private Airbus A340.

According to investigators, there was "no distinction between the accounts of the embassy, or official government accounts [...], and the accounts of the royal family."

The payments were discovered during a Serious Fraud Office investigation, which was stopped in December 2006 by attorney general Lord Goldsmith.[7] [8]

On 15 February 2008, The Guardian has a story entitled: BAE: papers reveal Saudi threats

In 2004, the UK's Serious Fraud Office began an investigation into arms sales to Saudi Arabia.

It was The Guardian which reportedly had discovered massive secret payments were going to Saudi princes, to promote arms deals.

Tony Blair eventually halted the fraud investigation, claiming that this was necessary in order to continue cooperation with Saudi Arabia in intelligence matters.

From The Guardian, 15 February 2008:

"Saudi Arabia's rulers threatened to make it easier for terrorists to attack London unless corruption investigations into their arms deals were halted, according to court documents revealed yesterday."

This looks like a piece of anti-Moslem fearmongering, of the sort that might be enjoyed by MI6?

Prince Bandar, the head of the Saudi national security council, and son of the crown prince, was alleged in court to have threatened that he might not cooperate with the British over security matters.

Prince Bandar is alleged to have received £1bn in secret payments from the arms company BAE.
Anti-corruption campaigners have now begun a legal action to overturn the decision to halt the fraud case. They want the original investigation restarted.

There are certain questions that The Guardian does not ask:

1. Are the Israelis trying to stop UK arms sales to Saudi Arabia?

2. Is the US arms industry trying to halt UK arms sales to Saudi Arabia?

3. If there is a terror attack in London, is it likely that the British Security services or the Saudi security services will know more about it?

4. Was the fraud investigation halted, not because of any fears of terrorism, but because of a wish to continue profitable arms deals?


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