Word: saud
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...special treatment? Critics of the Administration point to the Bush family's chumminess with the House of Saud and the array of lucrative business deals the Saudis have struck with the Republican power elite. (George Bush Sr. serves as an adviser to the Carlyle Group, a Washington buyout firm with ties to the Saudi government.) But at least some of the reasons for the Administration's softness on the Saudis are strategic. The U.S. hopes to use Saudi bases in the event of a war against Iraq and may need the Saudis to boost oil production should a war rattle...
...worldwide BE ON THE LOOKOUT bulletin, or BOLO, has led to the detention of a 21-year-old Saudi man suspected of links to the Sept. 11 hijackers. The issued the BOLO alert for Saud A.S. al-Rasheed when his passport photo appeared on a CD-ROM with pictures of some of the 19 hijackers. The disc, turned over in May by a foreign government the FBI would not disclose, had only recently been analyzed because of the volume of material the agency has collected since the war on terrorism began, the bureau said. The bulletin included al-Rasheed...
...Leading Saudi investor Prince Al-Waleed bin Talal bin Abdul Aziz Al-Saud, a leading advocate of strong U.S.-Saudi ties, challenged the FT report and said he was expanding his U.S. holdings. But other leading investors are urging disinvestment in response to threats against Saudi holdings in the U.S. And a follow-up FT report notes that fund managers suspect capital flight is underway, and expect it to have an impact on the dollar...
...extensive as reported, the news certainly functions as a warning shot from Riyadh over the future of U.S.-Saudi relations. The September 11 attacks, in which 15 of the 19 hijackers were of Saudi origin prompted some Washington hawks to challenge the longstanding U.S. alliance with the House of Saud. In the weeks and months that followed, they painted the Saudis as double-dealing autocrats whose rigidly controlled society actively nurtured extremism, and who could not be relied on as an ally in the U.S. war on terrorism...
...Israeli-Palestinian conflict, the Saudis are pushing for a peace-plan based on Israel's 1967 borders, and urging the U.S. to restrain Israeli prime minister Ariel Sharon. The Saudi position, once again is motivated in part by the fear that the survival of the House of Saud requires placating the anti-American rage generated among ordinary Saudis by the Israeli-Palestinian conflict, and like many moderate Arab regimes, they're particularly alarmed at the potential domestic consequences of a U.S. attack on Iraq while battles rage in the West Bank and Gaza. But the most forceful advocates of attacking...