Friday, March 18, 2011

Saudi King Approves Billions In Handouts After Protests

Saudi King Approves Billions In Handouts After Protests: "

RIYADH (Reuters) - Saudi King Abdullah announced on Friday billions of dollars in handouts for his people and boosted his security apparatus in a renewed effort to shield the world's top oil exporter from unrest rocking the Arab world.
In a rare televised address to the nation, the aging king made a brief statement congratulating Saudis for their loyalty and national unity before a battery of decrees were read out suggesting he was embracing increasingly conservative policies.

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