Posted on 05/18/2019 3:27:04 PM PDT by Zhang Fei
RIYADH/DUBAI (Reuters) - Saudi Arabia is taking managerial control of Saudi Binladin Group and discussing a possible transfer of some of the giant construction groups assets to the state while its chairman and other family members are in detention, sources told Reuters.
Binladin, which had over 100,000 employees at its height, is the biggest builder in the country and important to Riyadhs plans for large real estate, industrial and tourism projects to help diversify the economy beyond oil.
However, the group has been hurt financially in the past couple of years by a slump in the construction industry and a temporary exclusion from new state contracts after a crane accident killed 107 people at Meccas Grand Mosque in 2015. It was forced to lay off thousands of employees.
Riyadhs move to take control appears aimed at ensuring the group can continue to serve Saudi Arabias development plans, said banking and industry sources, who declined to be named due to the political and commercial sensitivity of the matter.
The government detained scores of senior officials and businessmen in October as part of a sweeping crackdown on corruption. The Binladin groups chairman Bakr Bin Laden and several family members have been held, the sources said.
Saudi officials are trying to negotiate settlements with detainees, saying they aim to claw back some $100 billion of funds that rightfully belong to the state. The talks on Binladins future are part of this effort, the sources said.
Since the detention of Bin Laden family members, the finance ministry has formed a five-member committee, including three government representatives, to oversee the groups business and handle relations with suppliers and contractors, the sources said.
Binladin executives did not respond to phone calls seeking comment. Finance ministry officials and the government media office also did not respond to
(Excerpt) Read more at reuters.com ...
In addition, Saudi Arabia also suffered a huge hit to its favorability rating among Americans in the wake of 9/11. It went from 47% favorable and 46% unfavorable in Feb 2001 to 29% favorable and 67% unfavorable in Feb 2019, almost 18 years after the 9/11 attacks. In a traditional Arab society where collective responsibility is pretty much a given, there's no question that the bin Ladin family has a lot to answer for.
Here’s hoping that the Saudis head chop Osama’s DNA to extinction.
Interesting.
Or, the company is over extend and in a downturn of mega projects tried to cut political funding corners and is unable to recover
I would think the Saudis would be proud of Osama bin Laden and the Muslims who attacked us on 9-11.
The Saudis are Wahhabi Sunni Muslims and have spent billions of dollars all over the world to promote the fundamentals of Islam, which means they would not have any use or love for us infidels , and would relish us getting killed. - Tom
[I would think the Saudis would be proud of Osama bin Laden and the Muslims who attacked us on 9-11.
The Saudis are Wahhabi Sunni Muslims and have spent billions of dollars all over the world to promote the fundamentals of Islam, which means they would not have any use or love for us infidels , and would relish us getting killed. - Tom]
Remember how left-wingers assured us that Saddam’s Iraq was secular? How is it that the Sunni Arabs in Iraq, supposedly the most secular people in a secular nation, formed the backbone of an Islamist revolt that killed thousands of GI’s? The simple answer is that they’re not actually secular. And that’s in Iraq.
If we killed the entire population of Saudi Arabia, except for the royals while replacing that population with Filipino Catholics, I suspect the al Sauds would be baptized and take Holy Communion the very next day. Real life isn’t a Disney movie. Subjects aren’t led by the nose. Sunni Muslims in particular are partial to violent revolution against insufficiently devout rulers. The Sunni sect is derived from Muhammad’s generals who killed Muhammad’s grandson, whereas the Shiite sect holds the view that Muhammad’s line was the legitimate successor to the Caliphate. Bottom line is that if Sunnis have no problem with killing Muhammad’s grandson, they certainly have no issues with killing *any* Muslim who stands in the way of the true faith, and that includes the entire Saudi royal family.
It used to be that illiterate Muslims were led by their priests as to what Islam was all about. Be good to your parents. Don’t leave marks when you beat your wife. Be loyal to your sultan. Whereas illiteracy is all but stamped out among the Muslim community today. They can read the Koran for themselves, in all its blood-soaked glory. And that Koran tells them it’s just peachy to kill and make an example of their rulers in gruesome ways, for insufficient devotion to its precepts.
That’s leaving aside the question of why you’d be proud of someone who inflicts huge damage on a third party and tries to stick you with the bill. Let’s say some Christian explodes a bomb that kills a thousand Muslims, and points the finger to you as his inspiration and mentor. Would you be proud of him?
Saudi Arabia’s theology inspired Al-Qaeda the movement which is something greater than Al-Qaeda the organization.
In Syria and other places the movement inspired by Saudi theology lives on and the USA should not be involved in supporting the jihadists of Saudi Arabia like in Syria.
I wouldn't, but the Saudis Wahhabi Muslim religious beliefs require them to subjugate ,convert or kill us infidels.
They should be proud of Muslims following the fundamentals of Islam as were many Muslims around the world.
Saudis have to feign compassion too us infidels because deception is a big part of the Muslim dealings with us unsuspecting naïve victims.
Muslims call it Taqiyya. - Tom
[Saudi Arabias theology inspired Al-Qaeda the movement which is something greater than Al-Qaeda the organization.
In Syria and other places the movement inspired by Saudi theology lives on and the USA should not be involved in supporting the jihadists of Saudi Arabia like in Syria.]
The great debate in the West should be about who is the lackey of who?
Saudi money seems to equal deference to Islam in the minds of many.
One of the most disturbing videos I saw was of my President sword dancing with the Saudi royals in 2017 and taking their money to invest in this country.
We have to deal with the Saudis in our lifetime.
Richard Wellen - 2016
As such, 1979 didnt just mark the year when the export of the Islamic Revolution began
[it] was also when Saudi Arabia began planting the seeds of Sunni extremism, the bitter fruits of which are still being harvested today in the lawless valleys of Pakistan, in Raqqa, the capital of Islamic State, and also in the West, in the heads of confused young men. And in the kingdom itself: Now, Sunni extremism is even threatening the country where it was once spawned.
[I wouldn’t, but the Saudis Wahhabi Muslim religious beliefs require them to subjugate ,convert or kill us infidels.
They should be proud of Muslims following the fundamentals of Islam as were many Muslims around the world.
Saudis have to feign compassion too us infidels because deception is a big part of the Muslim dealings with us unsuspecting naïve victims.
Muslims call it Taqiyya. - Tom ]
Indonesians Muslims weren’t Wahhabis, yet slaughtered hundreds of thousands of unbelievers in a jihad back in the 1960’s.
https://en.wikipedia.org/wiki/Indonesian_mass_killings_of_1965%E2%80%9366
[As such, 1979 didnt just mark the year when the export of the Islamic Revolution began
[it] was also when Saudi Arabia began planting the seeds of Sunni extremism, the bitter fruits of which are still being harvested today in the lawless valleys of Pakistan, in Raqqa, the capital of Islamic State, and also in the West, in the heads of confused young men. And in the kingdom itself: Now, Sunni extremism is even threatening the country where it was once spawned. ]
Saudi money seems to equal deference to Islam in the minds of many.
One of the most disturbing videos I saw was of my President sword dancing with the Saudi royals in 2017 and taking their money to invest in this country.
For presidents to partake of local festivities arranged in their honor is a fairly normal activity. That's why Saudis show up in business suits when they hit Washington DC and shake hands with women, which they're not actually allowed to do in Saudi Arabia.
It's the equivalent of wearing a lei when you show up in Honolulu. The Saudis will invest in the US whether or not the President shows up. The reason they talk it up is so the President gets to take credit. It's basically a dog-and-pony show for both parties' benefit. The President gets to talk up his talents at making friends and influencing people. For the Saudi royals - it's their way of signaling to any rivals within (factional rivals in the royal family) or without (disaffected Islamist nutjobs who want to take the throne, Iran or Yemen) that anyone who's thinking of screwing with them that Uncle Sam will kick their butts.
It was Wahhab in the 1700s who got Islam back to fundamentals and Got rid of religious trappings thay had crept into Islam.
Wahhab got the Muslims back to fundamentals, focusing on us hated Infidels, and also killing the Shia heretics.
His influence is strong today. - Tom
[It was Wahhab in the 1700s who got Islam back to fundamentals and Got rid of religious trappings thay had crept into Islam.
Wahhab got the Muslims back to fundamentals, focusing on us hated Infidels, and also killing the Shia heretics.
His influence is strong today. - Tom ]
I think that’s the problem with the US-Saudi relationship.
Who’s getting ‘leied’?
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