Rising oil prices have helped oil firms such as Exxon Mobil, BP and Saudi Aramco fund increased development of new oil finds which translates into higher revenues for upstream services firms such as Baker Hughes.

FORBES: Baker Hughes Stock Looking At Gusher Up To $89

Last week, SAMA, the shady Saudi sovereign wealth fund, held 143 tons of gold.

FORBES: Saudi Surprise And Central Bank Accumulation Augur Well For Higher Gold Price

Khalid's tenure heading NCB led to Saudi government intervention in the affairs of the bank after a catastrophic rise in nonperforming loans, including huge sums to Khalid: The Saudi Public Ownership Fund purchased a 50% stake in the bank in 1999, reducing the family's share to 34%.

FORBES: Banker Khalid Bin Mahfouz is dead at age 60.

Meanwhile, the US government has said Saudi Arabian individuals continue to fund militants across the world.

BBC: NEWS | Middle East | Saudi forces 'arrest militants'

The UK's commitment has been under scrutiny since the Serious Fraud Office (SFO) dropped its probe into claims that BAE Systems made illegal payments to Saudi officials through a slush fund, claims the company has denied.

BBC: UK under fire over bribery laws

Saudi Arabia plans to set up a state fund to buy farmland in poor countries to meet rising food demand at home.

ECONOMIST: Commodities

Even Saudi Arabia needs to increase its oil quotas to fund its deficit spending.

FORBES: Dont buy the next dip

But The New York Times has reported the list includes some foreign governments, including members of the Saudi royal family, the king of Morocco, a fund connected to the United Arab Emirates, and the governments of Kuwait and Qatar.

CNN: Obama rolls out national security team

Because it is U.S. policy to welcome foreign investment, expect the president to encourage Kuwait, Abu Dhabi and Saudi Arabia to develop a set of best investment practices under the guise of the International Monetary Fund.

FORBES: Prosperity And Peace In The Middle East