Wednesday, May 18, 2011

Saudi Arabia is leading a counter revolution as guardian of status quo

Saudi Arabia Defies Mid East Upheavel as Guardian of Status Quo

May 18 (Bloomberg) -- Saudi Arabia is leading a counter- revolution against the sweeping political changes in the Middle East by using money, force and God.

As popular movements for democracy toppled leaders in Egypt and Tunisia and began threatening neighboring Bahrain and Yemen, Saudi Arabia's Al Saud royal family strengthened control over the Arab world's biggest economy. Once restrictive of the Muslim clerics, King Abdullah offered money and new censorship powers for their loyalty as he doled out 500 billion riyals ($130 billion) nationally in housing grants and other sweeteners.

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