Saudi King says world witnessing ‘economic war’


Addressing the journalists, King Abdullah said no matter what you do for your country, you will still required to do more for the best of it "because economy is the pillar of everything.

"I would like to share my conviction with you that there is a veiled war in the world now, an economic war," said the Monarch.

The world is suffering from a financial crisis, with many banks and financial institutions suffering massive losses.

King Abdullah received earlier today the finance ministers and governors of the central banks of the Gulf Cooperation Council (GCC) states, who held an extraordinary meeting in Riyadh to discuss the impacts of the credit crunch.
King Abdullah, meanwhile, said he would travel to the US for a conference about the dialogue between religions.

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