Up to now, Saudi Arabia has survived on oil. Half its GDP and 80% of its exports are from hydrocarbons. But Saudi Arabia is no Norway. Rather than build for the future, it has used oil wealth to fund cushy public sector jobs and generous cradle-to-grave welfare. That’s resulted in a frail private sector that […]
Saudi Arabia
Where You Stand Depends On Where You Sit…. Literally
This is a bit of a different page for us. The International New York Times (formerly the International Herald Tribune) had two stories, three pages apart on February 20, 2015. They couldn’t deal with more different worlds. The first story is about King Salman, the newly installed king of Saudi Arabia. The ruling families in […]
