RIYADH - Royal family of Saudi Arabia is already feeling the heat of recently spreading political unrest across North Africa and Middle East. Just keeping in mind to stop the same situation in Saudi Arabia; the country's King Abdullah yesterday announced financial measures worth an estimated SR135bn (£22bn), including a 15 per cent salary rise for public employees to counterbalance inflation.
The recent moves are clearly devised to keep away political unrest that started in Tunisia in January before spreading to Egypt and this week Libya, where ruler Muammar Gadaffi earlier this week threatened to carnage his own people in a bid to suppress the revolution.
StockMarkets have stumbled worldwide on alarms the Middle East, North Africa (MENA) region is being thrown into anarchy.
However the price of Brent oil futures touched a two-and-a-half year peak at $111 (£68.6) last night as investors took into count the possible supply issues from the region.
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