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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Raymond Duray who wrote (33550)	5/12/2003 9:57:39 PM
From: elmatador	Read Replies (1) of 74559

"A U.S. troop withdrawal from Saudi Arabia -- home to Islam's most holy sites -- has been one of the main demands of al Qaeda leader Osama bin Laden, the Saudi-born militant alleged to have plotted the attacks on the United States on Sept. 11, 2001. The United States said April 29 it was ending military operations in Saudi Arabia and removing virtually all of its forces from the kingdom after the Iraq war." Bombs explode at Riyadh compounds - witnesses By Reuters. Monday May 12, 2003 11.31pm news.ft.com Numerous people were wounded when bombs exploded at Westerners' compounds in Riyadh overnight -- hours before Secretary of State Colin Powell was due to arrive in the Saudi capital, witnesses said Tuesday. "We heard a huge noise and we saw many ambulances coming and gathering victims," a witness near one compound told Reuters. The Saudi Interior Ministry said in a brief statement there were three explosions and authorities were investigating. Diplomatic sources in the Jordanian capital, Amman, where Powell was spending the night, said three compounds had been hit and unconfirmed reports said most residents were Americans. The sources had no information on injuries at the three locations which they named as Cordoval, Gedawal and the Hamra. Powell plans to leave Amman for Riyadh Tuesday morning as part of a Middle East tour. It was not immediately clear if the incidents would affect his travel plans. Suspected militant Islamists have twice launched major attacks on U.S. targets in Saudi Arabia since the 1991 Gulf War. In November 1995, five Americans and two Indians were killed and 60 people wounded in an explosion in a car park near a U.S.-run military training center in Riyadh. In June 1996, a bomb in a fuel truck killed 19 American soldiers and wounded nearly 400 people at a U.S. military housing complex in the eastern city of Khobar. A U.S. troop withdrawal from Saudi Arabia -- home to Islam's most holy sites -- has been one of the main demands of al Qaeda leader Osama bin Laden, the Saudi-born militant alleged to have plotted the attacks on the United States on Sept. 11, 2001. The United States said April 29 it was ending military operations in Saudi Arabia and removing virtually all of its forces from the kingdom after the Iraq war. The move effectively ends a relationship dating back to the 1990-1991 Gulf crisis when the United States used Saudi Arabia as a launch pad for the Gulf War to oust Iraqi troops from Kuwait and then as a base to police a "no-fly" zone over southern Iraq.

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