The Saudi economy maintains a positive outlook, enhancing the investment case for the TASI, highlighted NCB Capital in the updated version of its annual Saudi Factbook. Since its inception four years ago, the annual NCB Capital Saudi Factbook has become an important aid to the investment …
King Abdullah’s seven years in office have been remarkable for reforms and achievements. Modernization within the scope of Shariah and developments at a gigantic pace have been the hallmarks of the King’s initiatives in which no segment of society has been ignored. His statesmanship, his …
If you thought Germany and California were aggressively trying to add solar power to the grid, the oil state of Saudi Arabia is giving both of them a run for their money with recent plans to enter the solar market. The country is looking for investors in a $109 billion plan to build 41 GW of …
General Dynamics will retrofit Saudi Arabian tanks at the government-owned facility, Plant Manager Keith Deters confirmed Wednesday. The news was first reported by Reuters. Saudi Arabia will spend $755 million to retrofit old M-1A1 Abrams tanks to “like new” M-1A2S tanks, an Army official …
Inflation in Saudi Arabia is expected to rise to a four-year high in 2012 and high rents remain the key factor driving the general price index up. From around five per cent in 2011, inflation in the world’s oil basin is expected to climb to 5.4 per cent in 2012 as no let up is seen in rent …
Less than half of adults in most Gulf Cooperation Council (GCC) countries — except for Oman — report getting frequent exercise. Respondents in Saudi Arabia are the least likely in the region to say they exercise for at least 30 minutes, three or more days per week, with fewer than one in four …
Publicly, officials are adamant that Jordan’s neighbor to the north is not the issue or the reason for the military gathering. It is a very sensitive topic and, after two days on the ground, an unavoidable topic with pretty much every Jordanian and U.S. official I’ve talked to. Jordan’s …
The prospect of a nuclear-armed Iran has stoked tensions around the world. We argue that diplomacy and economic sanctions are better suited than military action to prevent the emergence of a nuclear-armed Iran, that Israeli security will be best served by military restraint combined with …
Websites belonging to several state-backed Iranian oil firms have been targeted by a group of hackers from Saudi Arabia, PANA News, a Persian-language news agency reported. Websites for Iranol, Iranian Oil Ministry, National Iranian Oil Company were all targeted by a computer worm on April 22, …
As America begins to pull back its troops from Afghanistan, one consequence gets little notice but is likely to have lasting impact: Pakistan is losing the best chance in its history to gain political control over all of its territory — including the warlike tribal areas along the …
The Saudi economy maintains a positive outlook, enhancing the investment case for the Saudi stock benchmark Tadawul All Share Index (TASI), NCB Capital said in the updated version of its annual Saudi Factbook….
The group in question is the Mujahedin-e Khalq, or MEK, which got onto our list of terrorist organizations decades ago by, among other things, killing Americans. Now, if MEK had, as it claims, left its terrorist ways behind, this ‘delisting’ of it, though geopolitically unfortunate, might be …
Egypt’s military ruler said Wednesday he hopes that a ‘great leader’ will emerge from the country’s upcoming presidential election, and said it will be a free and fair vote that will reflect the will of the people. The remarks by Field Marshal Hussein Tantawi appeared intended to assuage fears …
President Obama issued an executive order Wednesday giving the Treasury Department authority to freeze the U.S.-based assets of anyone who “obstructs” implementation of the administration-backed political transition in Yemen. The unusual order, which administration officials said also …
A look at the main issues for the NATO alliance at the summit meeting for heads of government in Chicago on Sunday and Monday….
Saudi Arabian group Al Tayyar Travel is set to raise up to 1.37 billion riyals ($365 million) selling a 30 per cent stake in a listing in the first week of June, two sources familiar with the matter said. The family-owned business group is offering 24 million shares to investors at 45-57 …
Karl-Michael Henneking, chief marketing and commercial strategy officer of Etihad Etisalat (Mobily) believes the telecom, the Internet and IT sectors in Saudi Arabia are rapidly developing and converging into a mature ICT industry. The transformation of these sectors not only brings new …
Saudi Electricity Co. (SEC) has signed a contract worth SR 4.7 billion to build a power plant outside Riyadh, the company said. The plant with a capacity of 2,175 megawatts is to be built in 36 months in an area 100 km northwest of Riyadh, SEC said in a statement. It will be the 12th plant in …
Six U.N. observers whose convoy was struck by a roadside bomb in northern Syria a day earlier were evacuated to their base in Hama province Wednesday, a U.N. spokesman said. ‘The U.N. Supervision Mission in Syria reports today that it has picked up the six U.N. military observers,’ read a …
Palestinian Authority President and Fatah leader Mahmoud Abbas has sworn in a new cabinet in the West Bank. Salam Fayyad, who is popular with the West, was retained as prime minister but had to relinquish his influential second post as finance minister. Correspondents say the move is a …
/The daily news is provided as a service of the Saudi-US Trade Group, Washington, DC. Visit www.SUSTG.org for more information and to get a free email subscription to the News Review./</h4></div>
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