Wednesday, February 23, 2011

Saudi King is buying his people's potential rebellion


Saudi Arabia's King Abdullah has announced a series of benefits for citizens amounting to $10.7 billion, as he returned to the country after he spent three months abroad for health treatment, state television reported.
The steps, announced on Wednesday, include funding to offset high inflation and to aid young unemployed people and Saudi citizens studying abroad, as well the writing off some loans.
The move comes as governments in the region scramble to deal with pro-democracy uprisings sparked by youth unemployment and political repression.
As part of the Saudi scheme, state employees will see their incomes increase by 15 per cent, and additional cash has also been made available for housing loans.

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