Saudi Arabia Scales Back Chequebook Diplomacy

TEHRAN ( Iran News ) – From Pakistan to Lebanon, Saudi Arabia is scaling back its famed chequebook diplomacy, a longstanding policy of splashing petro-dollars in exchange for influence, which observers say has yielded few tangible gains. For decades, the wealthy kingdom funneled billions in aid to its allies — and to its enemies’ enemies — in a bid to bolster its position as an Arab powerhouse and “leader of the Muslim world”