News – 2012.05.30

May 30, 2012

SBRIS Daily News – Excerpts from International Media Reports</strong>
/Provided as a service from the Saudi-US Trade Group, Washington, DC/

 

Is Syria Sliding Toward Civil War?

Comparisons are not always valid, but the Lebanese people cannot help but compare the Damascus and Aleppo bombings, and especially the clashes in Al Maza, to the circumstances that led to the Lebanese civil war. These clashes may pull Syria into the deep abyss that Lebanon has climbed out of. …

Russia’s Shift on Syria Crisis Raises Many New Questions

According to political and diplomatic sources in New York, Russia is backing UN and Arab League special envoy Kofi Annan’s bid to end the violence in Syria. Russia’s approval is perceived as a real shift in its position toward Syria, and not merely another maneuver. Nevertheless, Russia’s shift …

IMF: Saudi Arabia Seen Growing At 6% In 2012

Saudi Arabia–the world’s largest exporter of oil–is expected to grow by 6% this year on the back of strong crude prices and prudent economic management, the International Monetary Fund said Tuesday. The Middle Eastern country boosted oil production this year to help ease pressures on …

Iran lashes out at Saudi over oil increase

Tehran’s OPEC representative on Tuesday hit out at fellow cartel member Saudi Arabia for pumping extra oil into the market as Iran’s crude exports were targeted by Western sanctions. ‘Increasing production by some OPEC members, especially Saudi Arabia, will create instability in the market …

Saudi issues new Yemen travel warning

Saudi Arabia renewed a warning to its citizens yesterday, urging them not to visit Yemen as the country reels from a year of political turmoil and the war against Al Qaeda.’ Given the instability and the security situation, the ministry is renewing its warning to all citizens not …

Saudi female entrepreneurs exploit changing attitudes

In Saudi Arabia, a small but determined number of women are overcoming obstacles to build their own thriving businesses. Social constraints in the conservative Kingdom have not stopped women from amassing substantial individual wealth. An estimated $11.9 billion is held by women primarily in …

Obama’s Leadership in War on Al Qaeda

Mr. Obama is the liberal law professor who campaigned against the Iraq war and torture, and then insisted on approving every new name on an expanding “kill list,” poring over terrorist suspects’ biographies on what one official calls the macabre “baseball cards” of an unconventional war. When a …

The Secret Army inside the Army

‘…When it comes to military policy, the Obama administration’s success in shutting down wars conducted in plain sight tells only half the story, and the lesser half at that. More significant has been this president’s enthusiasm for instigating or expanding secret wars, those conducted out of …

Saudi smiles and dreams

Al Hilal, Al Ittihad and Al Ahli, Saudi Arabia’s three flag-bearers in the AFC Champions League, have all made it through to the quarter-finals of the continental showpiece. Moreover, the feat has provided a large measure of consolation for those Saudi fans disappointed by the national team’s …

Street Photography in Jeddah

These pictures belong to my very good friend @HameedAnbar and he shared them on his blogSab3een.com. They were taken in Jeddah’s balad district, a historic district which very few Saudi’s live in, once the boom happened, everyone gradually left it, now it is mostly inhabited by workers looking …

America and the Regional Powers in a Transforming Middle East

It is true that in special cases — such as Cuba and Israel — where vital organs of domestic American politics are touched by foreign affairs, American policy seems as hidebound and irrational today as was the norm in Third World areas during the Cold War. Indeed, with regard to Israel, it would …

US rejects Syria intervention, France more open

The United States expelled Syria’s top diplomat in Washington on Tuesday following what it described as the ‘despicable’ massacre of more than 100 civilians in a Syrian town. The US continued to rule out military intervention, while France said military action was a possibility, but only if …

Symposium Reviews The Gulf Cooperation Council as it Turns 31 – Part 2 – Economics

Today we present the second part of our report on the ‘Gulf Cooperation Council at 31: Implications of Trends and Indications for GCC and US Interests,’ a symposium presented last week in Washington, DC, by the National Council on U.S.-Arab Relations. Dr. Odeh Aburdene, President of OAI …

Editorial: Could the Doha tragedy happen in Saudi Arabia?

The tragedy of the Doha mall fire should give every GCC country, where these shopping centers are so common, pause for serious thought. The Qatari government has launched an investigation which will surely make clear how 19 people, including 13 children trapped in a first floor nursery, came …

Dr Afridi jailed for helping Khyber militants

A tribal physician who helped the CIA track down Osama bin Laden was convicted on charges of colluding with the banned Lashkar-i-Islam (LI) and its chief, Mangal Bagh, court documents reveal. The four-member tribal court did not entertain evidence relating to Dr Shakil Afridi’s involvement …

Flame: Massive cyber-attack discovered, researchers say

This new threat appears not to cause physical damage, but to collect huge amounts of sensitive information, said Kaspersky’s chief malware expert Vitaly Kamluk. ‘Once a system is infected, Flame begins a complex set of operations, including sniffing the network traffic, taking screenshots, …

Saudi Arabian carrier joins Delta’s SkyTeam alliance

Saudi Arabia’s flag carrier has officially joined Delta Air Lines’ SkyTeam global alliance, an expansion of the alliance’s network that generated some controversy last year. Saudia, previously known as Saudi Arabian Airlines, joined SkyTeam at a ceremony in Jeddah on Tuesday as the …

GCC Debates Gulf Union

Last December, Saudi Arabia proposed an expanded, tighter and stronger union for the Gulf Cooperation Council (GCC). Now, months later, high representatives of several Gulf states, as well as Jordan and Morocco, have met in Riyadh to discuss the idea. The Saudi proposal came during a time when …

U.S.-Saudi bond forged despite Soviets

The failure of the Soviet Union to build a viable relationship with Saudi Arabia would become an important missed opportunity for Moscow that would have a profound impact on the modern world. After 1945, the U.S.-Saudi relationship became the most important of its kind in the Middle East and …

Kraft Foods announces Saudi plant expansion

Kraft Foods, the global snacks powerhouse, has announced the expansion of its Nabisco Arabia biscuit plant in Dammam in partnership with Saudi-based Olayan Group as part of plans to double its production capacity. The Nabisco Arabia plant is a joint venture between Kraft and Olayan Group has …

Saudi Arabia green projects to save 690000 barrels of oil

Arab News reported that the renewable energy projects in Saudi Arabia will save some 690,000 barrels of oil per day if completed. According to energy sources, King Abdullah City for Atomic and Renewable Energy is set to invite bids to develop 2,850 MW of renewable energy projects in the Kingdom…

Saudi spectrum change would boost economy – GSMA

Freeing up preferred spectrum for Saudi Arabia’s telecoms operators to use for next-generation networks could add $95.5 billion to the economy by 2025, global telecoms lobby group GSMA said. Failure to do so will lead to a network crunch and hurt Saudi attempts to diversify its economy away …

Saudi inks road contracts worth US$507m

Prince Khaled Al-Faisal, governor of Makkah Province, signed the contracts with Saudi Binladen Group, which has been given 36 months to complete the projects, reported Saudi Gazette. The first contract concentrates on the remaining parts of the city’s second ring road, while the second …

Saudi Index Consultation Council for Responsible Competitiveness unveiled

Saudi Arabia will have the Saudi Index Consultation Council for Responsible Competitiveness in the Corporate Social Responsibility of Companies operating in the Kingdom to help create responsible competition among companies in providing CSR programs, deputy governor and chief operating officer …

Market for network video equipment in Saudi Arabia to grow 25 percent a year from 2011 to 2016

According to a new report from IMS Research, Saudi Arabia is poised to become the second largest market for surveillance equipment in the Middle East, ahead of the United Arab Emirates (UAE), which currently holds that distinction, and just behind Turkey, which is the region’s largest market….

Baker and McKenzie advises Banque Saudi Fransi on first Sukuk issue

Baker & McKenzie has advised Banque Saudi Fransi, Saudi Arabia’s fifth biggest bank by market capitalization, on its debut $750m 2.947% Trust Certificates due 2017 issued under its $2bn Sukuk Programme. The Trust Certificates are to be listed on the London Stock Exchange. The firm also …

 

 

 

/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/</pre>

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