Washington's imprudent policies expose its determination to make sure the Saudi government remains committed to the petrodollar
For example, one branch wants to keep the petrodollar
afloat while others want to move away from it.
Katusa argues that in order to definitively finish the petrodollar
, Russia has launched the project Double Eagle, which consists of an alternative to the SWIFT, an international payment system used today to make international money transactions (in U.
revenue is being spent in construction frenzy on ostentatious "white elephants".
Members of the delegation said that Syria is making sacrifices on behalf of the Arab people, rejecting the crimes against the Syrian people committed by the terrorist groups backed by petrodollar
3 million people has based its economic strategy on becoming a regional financial hub as it lacks much of the petrodollar
wealth of its Arab neighbors.
A plan to sabotage the homeland, their institutions and their strengths by supporting the petrodollar
," said Rd during the commemoration of the martyrdom of a member of Hezbollah in southern Lebanon.
Jubran Abdulrahman, managing director of gulfBID organisers Hilal Conferences & Exhibitions (HCE), said: "This kind of construction sector spending is unprecedented on a global scale, and is driven by the huge petrodollar
revenues the northern Gulf is receiving on theback of high oil prices.
With the strength of the petrodollar
, there will be a continued proliferation of business going in and out of the region.
The flow of petrodollar
savings over the coming year are expected to hit $70bn, surpassing the level reached during the boom of 2005/07, as the global economy resumes a recovery after the current soft patch.
savings flows over the coming year are expected to hit $70 billion a month, surpassing the level reached during the boom of 2005-2007, as the global economy resumes a recovery after the current soft patch.
Possible, in large part, thanks to the unfair financial advantage afforded it by governmental petrodollar
largesse back in more fiscally sound times.