Pakistani Poker: Playing Saudi Arabia Against China

by James M. Dorsey Desperate for funding to fend off a financial crisis fuelled in part by mounting debt to China, Pakistan is playing a complicated game of poker that could hand Saudi Arabia a strategic victory in its bitter… Continue Reading

Global Watchdog Takes Saudi Arabia to Task on Terrorism

by James M. Dorsey A Financial Action Task Force (FATF) report criticizing Saudi Arabia’s anti-money laundering and terrorism finance measures puts the kingdom on the spot 17 years after the 9/11 attacks and casts a shadow over its diplomatic and economic boycott… Continue Reading

China Struggles with Belt and Road Pushback

by James M. Dorsey China, in an implicit recognition that at least some of its Belt and Road-related projects risk trapping target countries in debt or fail to meet their needs, has conceded that adjustments may be necessary. “It’s normal… Continue Reading