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LurkerJ said:
kopstudent89 said:

Yes that's what I said. They are wahhabis, their history has been founded on religious extremism. It's a damn shame they are allowed to influence the region so much. I'm a bit happy they've wasted half their cash reserve on Yemen adn finally look like they're pulling their hand out of some things but they're still a huge problem

I've read been contradicting opinions on the financial stituation of the Gulf states in general. It seems that the economical "troubles" of Saudi Arabia in particular are overblown. I don't know what's the point of making those troubles bigger than they seem, but there's definitely something fishy going on there.

Trust me..  they have big financial problems. I'm not talking about Gulf states just Saudi. They just reverted to a Gregorian calender from the Lunar one for the first time in history to have the yearly paycheck be accounted for 365 days instead of 355. Also business is just bad. Many people from my country work there and it's the worst it's ever been.

They're doing a good job of trying to hide it though and obviously they don't want to make it public so that the people don't turn on them. They still have a lot of cash reserve obviously but over the last 20 years they didn't invest in other industries and remained too dependant on oil, something other Gulf states did a bit better, and then they wasted some $300-400b on recent wars so it's not a good sign.