Saudi Arabia’s credit rating has been cut amid increased risk of attacks on its oil facilities, a further blow to a government led by an ambitious young prince who seeks to modernize the economy and diversify it away from oil.
Iraqi Prime Minister Adel Abdul-Mahdi held the Israeli regime responsible for a string of attacks on the positions of the pro-government Popular Mobilization Units (PMU), following investigations into recent assaults on the voluntary forces.
Saudi Arabia’s state-run oil company Aramco
, the world’s largest, has asked banks for loans of up to $1 billion after attacks on its giant oil facilities earlier this month that shut down a bulk of daily production.
An Iraqi legislator says evidence points to involvement of the Israeli regime in a recent attack on pro-government Popular Mobilization Units, better known by the Arabic word Hashd al-Sha’abi, stating that the Tel Aviv regime is trying to weaken the volunteer forces.