Word: saudi
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...difference now is that the Bush Administration, with just 18 months left in office, is in dire need of some policy victories in the Middle East. In particular, it must show its Arab allies, such as Saudi Arabia - whose help Washington needs to stabilize Iraq - that the U.S. is willing to put its weight behind the peace process. But in looking to score points in the Middle East, Bush is likely to be as disappointed as his predecessors. That's because the core of his strategy to bolster moderate Arab states and moderate Palestinians while shunning the region's radicals...
...talks, his call for a regional peace conference notably excludes countries that are hostile to Israel, especially Syria and Iran. A peace conference that doesn't involve enemies sitting down across from each other isn't much of a peace conference. The countries that might show up, such as Saudi Arabia, don't border Israel and have never fired a shot in anger at the Jewish state. (The Saudis just try to ignore Israel.) The Bush Administration merely wants these countries to take some initial steps toward recognizing Israel, such as sending heavyweight cabinet-level ministers to the meetings...
...year period from British Aerospace Systems (BAE), Europe's largest arms maker - and also a company that earned roughly close to half of its 2006 revenue in supplying the U.S. These payments were made over a period in which the British company negotiated massive contracts to supply Saudi Arabia. Both BAE and Bandar have categorically denied the allegation of any wrongdoing, claiming they acted properly and lawfully at all times. Bandar has admitted that the money came into accounts related to his signature at the now-defunct Riggs Bank in Washington, D.C., but says these were official Saudi accounts rather...
...Although the British inquiry was halted late in 2006 on the grounds that it would jeopardize British national security - the government of then-Prime Minister Tony Blair warned that its continuation could cost thousands of British jobs and imperil intelligence ties with the Saudis - BAE revealed this week that it is now under investigation by the U.S. Department of Justice. The DoJ, according to a statement by BAE, is examining the company's compliance with U.S. anti-corruption laws in its business deals "concerning the Kingdom of Saudi Arabia." The American investigation appears to center around the fact that...
...Allegations of bribery against BAE began surfacing in London in the late 1980's, in connection with the $85 billion al-Yamamah weapons-for-oil deal under which BAE agreed, in 1985, to supply Tornado jets and other military equipment to Saudi Arabia. But it was many years before Britain's Serious Fraud Office began to investigate, and its inquiry was brought to an abrupt halt by the Blair government in December 2006. The stated reason - that the probe could cost British jobs and imperil important ties - carried the obvious implication was that Britain could not afford allow awkward truths...