Snapshot of the Week Past |

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Pentagon
Tells Congress Of Possible $2B Military Sales To
Saudis
”The Pentagon has notified the US Congress of
possible military sales to Saudi Arabia valued at
more than $2 billion, if all options are
exercised. The proposed sales include a laundry
list of armored personnel carriers, command
vehicles, water cannons, a variety of trucks,
ambulances, ammunition and assault rifles for the
Saudi Arabian National Guard. The Defense Security
Cooperation Agency (DSCA), which notified Congress
of the possible sale, valued that proposed sale at
up to $918 million..”

Saudi
Arabia Tops Region In Creating Positive Investment
Climate
”Saudi Arabia was ranked the first country in
the Arab world in terms of creating a positive
climate to attract investments, according to the
annual report known as Doing Business in 2006. The
report, which was issued by the International
Finance Corporation (IFC), a member of the World
Bank Group, centered on the competitiveness of
countries worldwide in attracting investments. The
report evaluates the environment of commercial
transactions in 155 countries. Saudi Arabia bested
all Arab countries and was ranked first in the
Arab world..”

IEF
To Inaugurate Permanent Secretariat-General
Building In Saudi Arabia
”The International Energy Forum (IEF) will
inaugurate its permanent Secretariat-General
building in Saudi Arabia on November 19, said
Tuesday Saudi Arabia's Minister of Petroleum and
Mineral Resources Ali Al-Naimi..”

Saudi
Arabia Cuts US Crude Prices
”Saudi Arabia's state oil concern is cutting the
prices it will charge US buyers. Traders say the
move by Aramco brings the prices of the main
grades of crude loaded in November between 45
cents and one dollar, 30 cents a barrel below
October contract levels. While Aramco has cut US
crude prices for four straight months, traders at
American refiners don't expect the deeper
discounts to lead to significantly higher
shipments of Saudi crude..”

Cabinet
OKs Anti-Terror Pact
”The Council of Ministers [Oct 3] endorsed the
GCC anti-terrorism pact, which urges member states
to adopt integrated measures to combat terror and
support one another at times of danger.. ..The
anti-terror deal demands from the member countries
to take precautionary measures in order to prevent
using their territory as a stage for planning,
organizing, and carrying out terrorist attacks.
The six Gulf countries have pledged to activate
their security and monitoring systems and beef up
security on their borders and entry points in
order to prevent infiltrators and encroachers..”

Saudi
Arabia Ranks 77th Among 177 Countries In Terms Of
HDI: UNDP
”Saudi Arabia ranks 77th among 177 countries in
the world in terms of Human Development Index (HDI)
and 44th by GDP per capita which stands at
$13,226, according to Dr El Mustafa Benlamlih,
United Nations resident coordinator and UNDP
resident representative, who released the summary
of the Human Development Report 2005 in Riyadh
recently. The kingdom's HDI, measured in terms of
life span, healthy life, level of literacy, and
standard of living stood at 0.772, below Qatar's
HDI of 0.849, which was ranked first among the
Arab countries. Yemen was the worst performer with
an HDI of 0.489..”

Saudi
Arabia, EU Reach Accord on Gas Prices
”Saudi Arabia and the European Union have
reached an agreement on gas prices, paving the way
for Riyadh's accession to the World Trade
Organization by the end of this year, press
reports said. The two sides reached a deal after
high-level talks between Commerce and Industry
Minister Dr. Hashem Yamani and Ambassador Bernard
Savage, chief of the delegation of the European
Commission in Saudi Arabia. The Saudi-EU agreement
allows WTO's working team to prepare a final
report on the Kingdom's accession to the body in
order to present it to the WTO General Council,
the organization's highest executive body, which
is scheduled to meet on Oct. 19-20 in Geneva..”

New
Rights Body Gets More Powers
”The Saudi Council of Ministers has granted the
Human Rights Commission the right to rectify and
review all systems in the Kingdom related to human
rights. According to Al-Watan, the Human Rights
Commission will also have the right to access
prisons and detention centers at any time and
submit reports to the prime minister without the
need to obtain official permission. The newspaper
also said the commission would be active 60 days
from the date of inception..”

International
Honor for Saudi Woman
”For the first time, a young Saudi security
system consultant Manal Al-Sharif was awarded an
“Ethical Hacking” certificate from the
International Council of E-Commerce Consultants in
America.. ..Twenty-six years old Al-Sharif has
worked in the field of electronic safety at Aramco
for three years after graduating from King Abdul
Aziz University with a bachelor’s degree in
computer science..”

Lawyers
Seek to Form Own Association
”Lawyers have asked to be treated the same as
journalists and writers. They want their own
society to be established along the lines of the
Saudi Journalists Association and the Writers
League. The request was first presented two years
ago to the Justice Ministry. At a meeting with
Justice Minister Dr. Abdullah Al-Asheikh at Okaz
Arabic newspaper last week, a group of lawyers
repeated their request to form a society..”

SAGIA
Seeks US Investment
”The governor of Saudi Arabian General
Investment Authority, Amr Al-Dabbagh, concluded a
tour of the US where he met with policy and
decision makers, high-level executives and
attended economic and investment related forums.
SAGIA’s goal is to promote the inward flow of
investments into four sectors: Energy,
transportation, knowledge-based industries and
information and communication technology. The
governor’s meetings covered a wide-range of
industries reflecting SAGIA’s areas of
interest..”

Kingdom
to Take Part in G-20 Meeting
”Saudi Arabia will participate in a G-20 meeting
of finance ministers and central bank governors on
Oct. 15 in the Chinese town of Xianghe, near
Beijing. The Kingdom will be represented by Dr.
Ibrahim Al-Assaf, minister of finance, and Hamad
Al-Sayari, governor of Saudi Arabian Monetary
Agency (SAMA)..”

Iraq's
Jabor Regrets Attack On Saudi Arabia-Paper
”Iraq's outspoken Shi'ite interior minister was
quoted on [Oct 9] as saying he hoped his verbal
onslaught on Saudi Arabia would be a "passing
summer cloud" and that ties between the two
countries would remain strong. Bayan Jabor had
last week referred to Saudi Foreign Minister
Prince Saud al-Faisal as a "bedouin riding
camel" and slammed the kingdom's treatment of
women and minority Shi'ites, forcing the Iraqi
foreign minister to apologize to Saudi Arabia..”

Iraq
Blasts Saudi Arabia For Anti-Shi'ite Remarks
“Iraq's interior minister lashed out on [Oct 1]
at a Saudi minister who voiced worries about
growing Iranian influence and Shi'ite power,
saying Iraq would not be lectured by ‘some
Bedouin riding a camel’.. .. "We will not
allow anyone to interfere in our internal issues,
regardless of their political status,’ Iraqi
Interior Minister ‘ayan Jabor, a member of the
Shi'ite Islamist SCIRI party, retorted during a
news conference in Amman..”

New
Labor Law OK’d
”The Council of Ministers [Sep 26] approved the
new labor law that allows women to work in all
fields that suit their nature and raises the rate
of Saudization of jobs in companies to 75
percent.. ..The law, however, allows the labor
minister to reduce this rate temporarily if there
is a shortage of qualified hands required by
companies..”

Saudi
Business Mission to Visit Paris
”A 16-member Saudi business delegation will take
part in Pollutec 2005 exhibition being held in
Paris from Nov. 29-Dec. 2.. ..Pollutec is claimed
to be the “world’s No. 1” international
exhibition for environment equipments and
technologies, and with its 1,400 exhibitors from
worldwide it is considered vital for water,
energy, waste and recycling, noise,
analyze-measurement-monitoring, and risk
prevention and management sectors..”

US
Appreciates Saudi Efforts to Combat Terror
”Custodian of the Two Holy Mosques King Abdullah
and Crown Prince Sultan held talks with Karen
Hughes, US undersecretary for public diplomacy and
a close aide to US President George W. Bush, [Sep
27]. Hughes commended Saudi Arabia’s efforts in
fighting terrorism. ‘I salute the Kingdom’s
efforts to work with us to combat terrorism,’..

U.S.
Official Criticizes Female Driving Ban In Saudi
Arabia
”Undersecretary of State Karen Hughes questioned
[Sep 27] the Saudi ban on driving by women,
telling a crowd of several hundred Saudi women,
covered head to toe in black clothing, that it had
negatively shaped the image of Saudi society in
the United States.. ..Hughes hastened to add that
Saudi society must change at its own pace and
according to its own traditions..”

Saudi
Arabia Says Oil Reserves Have Doubled
”With Peak Oil fears now quite common place, the
Saudis and Exxon Mobil are double-teaming on
reassurance. From the UK Independent: ‘..Saudi
oil minister Ali al-Naimi said, at an industry
conference in Johannesburg, that the country would
soon almost double its ‘proven’ reserve base,
while Exxon's president, Rex Tillerson, spoke of 3
trillion or more barrels of oil that are yet to be
recovered..”

US
Concern At Saudi 'Hate Works'
”A US envoy on a tour of the Middle East has
told a group of Saudi editors that
"hate" literature from Saudi extremists
has been found in American mosques. Karen Hughes
told the gathering the US wanted to see Saudis
speak out more strongly against religious
extremism. But she said the US appreciated Saudi
efforts in the fight against extremists and the
sacrifices made by its forces..”

Oil
Prices Lower In Asian Trading After Saudi Pledge
To Raise Output
”Oil prices weakened further in Asian trading
after Saudi Arabia pledged to supply the market
with more crude if necessary, dealers said. Prices
were also affected by the imminent release of
weekly US crude inventories due later today, with
the market expecting a build-up in stocks, they
said..”

Canada-Saudi
Forum on the Cards
”Canada-Saudi forum in Canada is now a
possibility with both countries working on the
modalities to organize it in 2006.. ..Aside from
the increase in business interests between the two
countries, there has been an increase of Saudi
tourists to Canada, most particularly Saudi
students going for English, medical and other
studies, Bell said and referred to the recent
agreement with Saudi Basic Industries Corporation
that will be sending 50 students selected from
among best high school graduates to Canada for a
year’s English training and then four years of
graduation in engineering and business..”

Saudi
Arabia: A Whole New Drill
”Saudi Arabia's image as master of the oil patch
has been taking a beating of late. For months
global markets have fretted that the Saudis can't
or won't produce enough oil to keep a lid on
soaring prices.. ..Yet, little noticed by the
outside world, the Saudis are making some bold
moves. In recent months, Saudi Aramco, the
national oil company, has been rapidly inking
deals with drilling rig operators and oil field
contractors. Some 70 drilling rigs are now
operating in the kingdom, up from 55 in 2004 and
about 20 in the mid-1990s..”

Saudi
Arabia's $35 Billion Construction Boom
”Saudi Arabia comprises the largest construction
market in the whole of the Middle East with
multi-billion dollar projects under way and many
more in the planning stage by both the public and
private sectors.. ..In total, current
infrastructure and public sector building
programmes are valued at some $35 billion. Plans
include building 600 new factories, schools,
doubling desalination capacity, increasing
electrical generation and distribution. Some
600,000 new homes are to be built in the next four
years with many more planned..”

World
Bank's Doing Business In 2006 Report: Saudi
Arabia's Global Competitiveness Rank At 38, Up 29
Notches
”The International Finance Corporation (IFC), a
member of the World Bank Group, issued its annual
report, known as Doing Business in 2006, on the
competitiveness of countries worldwide in
attracting investments. The report evaluates the
environment of commercial transactions in 155
countries. Saudi Arabia bested all Arab countries
and was ranked 1st in the Arab World followed by
Kuwait..”

Arab
League Panel On Iraq To Meet In Jeddah
”Eight Arab foreign ministers will meet here
[Oct 2] to work out a strategy to support Iraq and
review Arab League preparations to monitor a
referendum on the Iraqi Constitution as well as
Iraq’s general elections. The eight-member Arab
ministerial committee on Iraq, which was set up on
Sept. 8, is expected to discuss the worsening
security situation in the war-torn country. The
committee is holding its first meeting..”

Saudi
Arabia Funds Colombo Trauma Unit
”Saudi Arabia is funding a neurosurgical unit at
the Colombo National Hospital. Sri Lankan Health
Minister Nimal Siripala De Silva laid the
foundation for the SR40 million, nine-story
building.. ..The unit will have a total floor area
of 11,000 sq. meters. It will house three
operation theaters, a 12-bed intensive care unit
(ICU), a 20-bed high dependency unit (HDU), a
spinal injury unit, a neurosurgical unit and a
ward complex for 150 patients. The unit will be
provided with advanced medical equipment such as
MRI and CT scanners..

Saudi
Arabia Denies Secret Arms Talks With Britain
” Saudi Arabia [Oct 2] denied press reports that
it was engaged in secret negotiations with Britain
over a $70 billion arms deal. However, it pointed
out that London had expressed its desire to sell
Typhoon fighter planes to the Kingdom.. ..The
spokesman said the Saudi government did not ask
for or receive any official or unofficial offer
from the British side on this subject..”

Britain
'Agreed In Secret' To Expel Saudis During £40bn
Arms Talks
”Downing Street made no attempt yesterday to
dispute the Guardian's disclosure that Saudi
Arabia has asked for three favors from Tony Blair
and defense secretary John Reid, who have been to
Riyadh trying to sell BAE Systems' Typhoon fighter
planes. The Saudis want the London-based
dissidents expelled, British Airways to resume
flights to Riyadh, and a major corruption
investigation into BAE and a Saudi prince to be
dropped..”

Saudi
Arabia Expected To Navigate With Galileo
”Saudi Arabia could become the latest country to
join the European Union's Galileo satellite
navigation system, rival to the US global
positioning system. The European commission has signaled
approval of Saudi membership, though it needs the
approval of EU member states. The system is
expected to be operable in 2008..”

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