Looking
Forward -- Upcoming
SUSRIS Items |
|
<
SUSRIS
Interview >
< Dr. Rachel Bronson - Senior Fellow and Director for
Middle East Studies, Council on Foreign Relations - Author:
"Thicker than Oil" (April 2006) >
< Talks about her recent visit to the Kingdom and the Jeddah
Economic Forum >
<
SUSRIS
Interview >
< Ambassador C. David Welch - Assistant Secretary of State for
Near Eastern Affairs >
< US-Saudi Relations: The View from Foggy Bottom >
Make
sure everything available from SUSRIS arrives in your email inbox.. .. link
here to subscribe to SUSRIS.
|
|
Keeping
Track - Recently
on SUSRIS |
|
King Abdullah: Protector
S. Rob Sobhani
"..As the rest of the Muslim world was engulfed in violence over the publication of sacrilegious cartoons of the prophet Muhammad, one country at the heart and soul of the Muslim world remained surprisingly silent. Yet that country, Saudi Arabia, is where one would have expected the most virulent and violent demonstrations, since it is the birthplace of Islam. But extremists failed to capitalize on the European press' lack of respect for the prophet of Islam.
The extremists' failure to widely incite the population of Saudi Arabia is largely due to the nature of its new leader, King Abdullah. The new king is a pious and popular leader of the most significant Muslim country in the world, and he has reset the tone and tenure of political life in Saudi Arabia by emphasizing restraint and tolerance.
[Wash
Times]
Ports
deal irritated Arabs, envoy says
The
scuttling of the Dubai ports deal left a "bitter
aftertaste" in the mouths of many Arabs, adding to
anti-Western sentiments that date back centuries, the Saudi
Arabian ambassador to the United States said Friday in Seattle..
..The savaging of the deal "will inevitably leave a residue
of uncertainty, to say the least, if not resentment,"
Ambassador Turki Faisal told an audience of several
hundred.." [Seattle
Post Intelligencer]
The
Global Oil Market: Risks and Uncertainties
by Anthony H. Cordesman and Khalid R. al-Rodhan
Book
Description (from Amazon.com)
The goal of this study is to provide a risk assessment of the
global oil market. Cordesman and Al-Rodhan study six major
oil-producing regions of the world: the Middle East, Africa, Asia
and the Pacific, Europe and Eurasia, North America, and South and
Central America. In each case, the authors outline national oil
developments and focus on four major areas of risks and
uncertainties: macroeconomic fluctuations, geopolitical risks, oil
production uncertainties, and the nature of resources.
About the
Authors
Anthony H. Cordesman holds the Arleigh A. Burke Chair in Strategy
at the Center for Strategic & International Studies,
Washington DC. Khalid R. Al-Rodhan is a fellow with the Burke
Chair and coauthor with Cordesman of several books on energy
security and military strategy, including The Changing Dynamics of
Energy in the Middle East (Praeger/CSIS, forthcoming).
< more
about this book >
On
this day.. March 25, 1975: King Faisal Assassinated
1975:
Saudi's King Faisal assassinated -- King Faisal of Saudi
Arabia has died after a gun attack in Riyadh despite the efforts
of doctors to save him. The king was rushed to hospital
still alive and doctors massaged his heart and gave him a blood
transfusion but they were unable to save him. King Faisal
was fatally wounded when his nephew Prince Faisal Ibu Musaed
allegedly fired three bullets at him with a pistol at point blank
range during a royal audience. [
BBC
]
Related:
King
Khaled's Reign Begins
Supreme
Economic Council approves privatization of Saudi Arabian Airlines
"The Supreme Economic Council (SEC) has approved the
executive program to privatize Saudi Arabian Airlines, amongst
other decisions taken by the SEC. Like endorsing the executive
program for the expansion and upgrading of the Haj Terminal at
King Abdul Aziz International Airport in Jeddah. Saudi
Arabian Airlines has already taken a series of steps for its
privatization, currently, the airline is focusing on transforming
non-core units including catering, ground handling services and
maintenance as well as the Prince Sultan Aviation Academy in
Jeddah, into commercial units and profit centers. The airline
announced that to this date, it has completed one of the three
phases of its privatization plan, which included studies on the
airline's financial, administrative, operational and
organizational aspect as well as restructuring of its
administration, finance and operation. During 2005, Saudia
posted a record revenue of SR 14.6 billion, which is SR 1 billion
more than the figure of 2004, and it also achieved a net profit SR
500 million.." [AACO]

Suggest
an event to add to the calendar -- click
here.
News
This Week - February 26-March 4, 2006 |
|
[For
more on these stories and for more in the SUSRIS news archive CLICK
HERE]
British
Crown Prince Charles Starts Visit to Saudi Arabia [Mar 25]
"British Crown Prince Charles and his wife Camilla arrived in
Saudi Arabia on Friday on a three-day visit. Charles is scheduled
to hold talks with Saudi King Abdullah and Crown Prince Sultan bin
Abdul Aziz, during which he will promote religious tolerance and
understanding, according to Charles' spokesman. Charles and
Camilla just wrapped up a five-day visit to Egypt before reaching
Saudi Arabia.." [more]
Saudi
Arabia is Planning’ to Repatriate Windfall Oil Funds [Mar 25]
"Saudi Arabia, which exported crude oil worth about $163bn
last year, said it will repatriate some of its windfall invested
abroad to finance petroleum, utility and other expansions.. ..Some
of the kingdom’s surplus funds “will be parked temporarily
abroad,’’ he said in Basel, Switzerland, where he was
attending a meeting at the Bank for International
Settlements.." [more]
MM Lee
and 5 ministers to Visit Saudi Arabia to Boost Ties [Mar 25]
"Minister Mentor Lee Kuan Yew will lead a delegation of five
ministers and businessmen to Riyadh in Saudi Arabia from Sunday to
the 29th of this month. A statement from the Prime Minister's
Office says Mr Lee will meet with members of the Saudi royal
family, other leaders and businessmen in the Kingdom.. ..Efforts
to enhance bilateral ties between Singapore and Saudi Arabia
started substantially last year during Senior Minister Goh Chok
Tong's visit to Riyadh last February.." [more]
Saudi
Banks Set for Strong Gains [Mar 25]
"A stock market downturn could hit Saudi bank earnings this
year, although first quarter results are likely to be strong,
analysts and bankers say. Around 40 per cent of Saudi banks'
income in 2005 came from non-interest operations, such as
brokerage activity, asset management and fees from share
offerings, said Philip Khoury, head of research at Cairo-based EFG-Hermes.."
[more]
Lawyers
of Saudi Guantanamo Detainees Join the National Human Rights
Association [Mar 25]
"Saudi lawyers who make up the defense team for the Saudi
Guantanamo detainees have become associate members of
non-governmental organization, the National Human Rights
Association in Saudi Arabia.. ..the association would look at the
cases of the Guantanamo detainees from two angles. The first would
be from a legal angle, which would involve appointing American
lawyers to defend the detainees, and the second would be from a
media angle that would seek to address the American president and
human rights organizations in the United States.." [more]
Abdullah,
Shara Discuss Key Issues [Mar 25]
"Syrian Vice President Farouk Shara arrived here yesterday on
the second leg of his trip to the region.. ..According to a Syrian
source, Shara held talks with the Saudi leadership on several
issues, mainly the developments in the region including the
situation in Iraq and Palestine and on preparations for the
upcoming Arab Summit in Khartoum" [more]
Expats
Begin Stock Trading [Mar 25]
"The Saudi stock market (Tadawul) will receive an
unprecedented boost today when the Kingdom’s foreign residents
start trading shares in the bourse directly, pumping billions into
the market.. ..The Capital Market Authority (CMA) has already set
out rules and regulations for the entry of expatriates in the
market that include a ban on their participation in the initial
public offerings (IPOs).." [more]
Educational
Reforms: A Lot Can Be Learned From the Japanese [Mar 25]
"Educational reforms — the theme of the next national
dialogue to be held in the northern city of Al-Jouf — can get a
shot in the arm if one goes by the experience of the Japanese who
stress computer and foreign-language literacy in their curricular
program, besides science, mathematics and creative thinking, among
other subjects.." [more]
Expats'
Entry Won't Boost Market - Expert [Mar 25]
"THE go-ahead given to expatriates to trade in the stocks in
the Kingdom will not help much in revitalizing the sagging stock
market, according to Abdul Rahman Al-Mefreh, Secretary General of
the Saudi Chapter of International Chamber of Commerce (ICC)..
..The decision of allowing expatriates to invest in the stocks
would not help much as the process remains to be a psychological
factor to restore confidence in the market.." [more]
Taif
Focus of Tourism Expansion Study [Mar 25]
"A feasibility study will be completed within the year to
develop the area between Hada and Shafa into a major tourist
center in this summer resort city, 230 kilometers southeast of
Jeddah. The Ministry of Municipal and Rural Affairs recently
assigned Asem Arab, director of the Center for Economic and
Administrative Studies in Riyadh, to conduct the study. The
project is expected to attract billions of riyals in
investment.." [more]
Yamani
Sees ‘End of the Oil Era’ and Hydrogen Future [Mar 24]
"Sheikh Ahmad Zaki Yamani, the former Saudi oil minister,
said the main source of energy in the future will be hydrogen,
causing 'the end of the oil era'. The high price of oil is causing
consuming nations to more rapidly develop alternative energy
sources.. ..Yamani was Saudi Arabia’s oil minister from 1962 to
1986.." [more]
Forbes
Arabia Set to Unveil First-Ever Listing of 50 Most Powerful
Businesswomen in the Arab World [Mar 24]
"Forbes Arabia, the Dubai-based Arabic edition of the
world-renowned business and financial magazine Forbes, will unveil
the first-ever listing of the 50 Most Powerful Businesswomen in
the Arab world later this week, in its forthcoming issue due out
on March 25, 2006.. ..At the top of the list is Saudi Arabian
businesswoman Lubna S. Olayan, a principal of The Olayan Group,
CEO of Olayan Financing Company and non-executive director of
numerous companies. A major investor in the Saudi economy, Olayan
Financing is consistently ranked in the top echelon of Saudi and
Gulf companies.." [more]
Prisoners
Not to Stay in Jails for Over Six Months Without Trial [Mar 24]
"No prisoner in Saudi jails will be held without trial for
more than six months, according to an announcement made by Maj.
Gen Ali Al-Harithy, director general of prisons.. ..The National
Society for Human Rights (NSHR) had earlier criticized the
conditions prevailing in some Saudi prisons after visiting prisons
in Riyadh, Jeddah, Makkah, Taif and Jizan. The NSHR had forwarded
to the Ministry of Interior the complaints it received from some
prisoners or their families about delays in hearings, being
imprisoned longer than the terms of their sentences, being forced
to register false confessions or being detained under tenuous
suspicions.." [more]
Danish
Cartoons Inspire Grassroots Saudis [Mar 24]
"The Danish cartoons of Mohammed, which sparked
demonstrations and riots across the Islamic world, have inspired
grassroots groups in Saudi Arabia. Members of Nusrat al-Rasool, or
Victory for the Prophet, and similar organizations are learning
how to gather signatures on petitions, proselytize in shopping
malls and talk to non-Muslim co-workers about their faith, The
Washington Post reported.." [more]
Joint
Ventures, Deals in Focus at Trade Fair in Jeddah [Mar 24]
"Overseas exhibitors at Saudi Arabia's international trade
fair, which ended here yesterday, said they were considering
proposals for setting up joint ventures and also in the process of
reaching deals worth several million riyals.." [more]
New
CMA Rules Restrict Expats From IPOs [Mar 24]
"Non-Saudi residents seeking to trade in the Saudi stock
market (Tadawul) would be prohibited from participating in initial
public offerings (IPOs), according to the Capital Market Authority
(CMA) regulations announced yesterday. Although the expected
outcome of allowing non-Saudi residents to invest in the local
stock exchange is generally positive, experts consider the
announced regulations unclear and they say that regulations are
needed to bring stability to the market especially after the
recent correction.." [more]
German
Training Center to Open in Jeddah [Mar 24]
"For the first time in the Kingdom, a German Institute for
Technical Training in Jeddah is in the works. According to Musbah
Al-Ayesh, project department manager at GTZ, a German company that
specializes in training, the center will be up and running in 2008
in the northern part of the city.. ..The goal of the workshop,
said the GTZ manager, is to show Saudi companies the German style
of employment training.." [more]
Kingdom
Plays Active Role in WHO Tuberculosis Program [Mar 24]
"Saudi Arabia will join the member nations of the World
Health Organization (WHO) in observing World Tuberculosis Day
today. The Health Ministry has instructed its regional health
centers to carry out a program to provide information on
preventive measures that could be obtained by the people who visit
Kingdom hospitals and clinics.." [more]
Employment
Contracts in Saudi Arabia to End at Age 60 [Mar 23]
"In a measure that could adversely affect many Indian
workers, Saudi Arabia is set to implement a new labour law next
month that would cancel employment contracts for men at the age of
60 and women at 55. The provision is cotained in a new Labour Law
scheduled to be implemented from April 13, local media reported
today. The rate of Saudisation of jobs in private companies will
be raised to 75 per cent with the implementation of the new
law.." [more]
Interview
with Saudi Council of Senior Ulama Member Sheikh Abdullah Al Manee
[Mar 23]
"Sheikh Abdullah Al Manee, a prominent Member of the Saudi
Council of Senior Ulama (scholars), has called for the initiation
of dialogue in Saudi Arabia to include all four schools of thought
within Saudi society, as well as the various Islamic factions such
as the Shia and the Sufis.. ..The following interview with Sheikh
Abdullah Al Manee sheds further light on his opinions.." [more]
Haradh-3
Oil Plant Opened [Mar 23]
"Petroleum and Mineral Resources Minister Ali Al-Naimi
yesterday inaugurated the Haradh-3 plant, 280 km southwest of
Dhahran, which adds 300,000 barrels to Saudi Arabia’s production
capacity.. ..Al-Naimi disclosed the government’s intent to
maintain at least 1.5 million barrels a day of spare production
capacity to guarantee its role as trustworthy supplier to the
world.." [more]
Saudi
Shares Down 3.18% [Mar 23]
"Saudi stocks plunged another 3.18% on Wednesday, as
investors ignored government moves to restore confidence in the
bourse by selling off shares across all sectors.." [more]
Lufthansa
and SWISS Launch Joint Operations in Saudi [Mar 23]
"Lufthansa German Airlines and Swiss International Air Lines
(SWISS) have announced joint operations.. ..With this
announcement, Lufthansa and SWISS customers in the Kingdom can now
enjoy greater benefits from the ever-closer collaboration between
the two airline partners.." [more]
Saudi
May Expand 2 Refineries [Mar 23]
"Saudi Arabia, which is set to build two major
export-oriented refineries, may also expand two of its existing
plants by 100,000 barrels per day (bpd) each, a senior Saudi
Aramco executive said. The new expansion projects would take Saudi
Arabia's refining capacity growth to 1 million bpd by the end of
the decade, a rise of nearly 50 percent.." [more]
Crude
Falls Near $62 a Barrel on Speculation Over U.S. Supplies [Mar 22]
"Crude oil fell near $62 a barrel in New York on speculation
a U.S. Energy Department report will show crude stockpiles
increased last week, easing concern about supply as the summer
driving season approaches. Crude stockpiles probably rose by 2.8
million barrels last week to the highest level since April
1999.." [more]
SEC
Approves Privatization of Saudia [Mar 22]
"Saudi Arabia’s strategic privatization program received a
shot in the arm yesterday with the Supreme Economic Council (SEC)
approving the executive program to privatize Saudi Arabian
Airlines. The SEC, an apex decision-making body chaired by
Custodian of the Two Holy Mosques King Abdullah, also approved the
principles regulating the private sector’s participation in
water and sewage projects.." [more]
Funds
Set Aside for Military’s Modernization [Mar 22]
"Crown Prince Sultan, deputy premier and minister of defense
and aviation, announced yesterday that a separate budget had been
set aside to develop all the four sectors of the armed forces..
..The new budget allocation comes as part of the government’s
efforts to strengthen the armed forces, which lacked modernization
measures during the past six years.." [more]
King
Abdullah Meets With Joint Chiefs Chairman [Mar 22]
"Custodian of the Two Holy Mosques King Abdullah bin
Abdulaziz met with Chairman of the Joint Chiefs of Staff Gen.
Peter Pace and his delegation in Riyadh today. They reviewed
various aspects of Saudi-US cooperation.." [more]
Saudi
Arabia's First Film Blazes Taboo-Breaking Trail [Mar 21]
"A trailblazing Saudi film featuring the country's first
silver screen actress will be shown this summer everywhere in the
Middle East - except the ultra-conservative kingdom where cinemas
are banned.. ..The movie is a comedy-drama which its makers say
embodies the tension between moderates and religious extremists
and the struggle, especially among the young, to embrace
globalisation while retaining cherished Islamic values.." [more]
Saudi
Arabia: Economists Forecast Over $ 2.6 billion Expatriate
Investment in Stock Market [Mar 21]
".. with the announcement that Saudi Arabia will allow
foreign residents to buy shares directly from the local exchange
for the first time, Experts have told Asharq al Awsat that
expatriates would invest more than $ 2.6 billion. The decision
would also reduce the amount of remittances foreign transferred
out of the Kingdom, believed to be $17.3 billion.." [more]
Saudi
Publishing Firm $295m IPO [Mar 21]
"The Saudi Research & Marketing Group is is looking to
raise approximately $295m through a float of 30% of its capital in
initial public offering, reported Arab News. It will offer 4.8m
shares at $61.34 per share. The IPO will open on 8 April and close
on 17 April. Samba Financial group is manager and adviser.."
[more]
Saudi
Arabia Studies 400 New Investment Opportunities [Mar 21]
"Saudi Arabian General Investment Authority (SAGIA) is now
conducting a comprehensive survey of about 400 new investment
opportunities across the Kingdom.. ..According to Walid ibn Saleh
Al-Yahya, director of the marketing section at the organization,
the survey is being conducted with the cooperation of government
departments and regional governorates.." [more]
Prince
Alwaleed Bin Talal Honoured for Humanitarian Contribution to Islam
[Mar 21]
"His Royal Highness Prince Alwaleed bin Talal bin Abdulaziz
Al Saud, CEO of Saudi Arabia's Kingdom Holding Company, was
honoured with the coveted Life & Continuing Contribution Award
for his outstanding humanitarian contribution to Islam.." [more]
Saudi
Arabia: Two More Economic Cities May Be Built [Mar 21]
"The King Abdullah Economic City (KAEC) in Rabigh, which was
launched by King Abdullah in December last year, is designed to
accommodate investment projects worth SR100 billion. According to
Arab News, a feasibility study is being done on establishing two
more economic cities - one in Jeddah and the other in the Eastern
Province, disclosed Muhammad Alabbar, chairman of Emaar
Properties.." [more]
Saudi
Allows Share Split [Mar 21]
"Saudi Arabia will allow listed firms to split their shares
five for one to make them more affordable and help pull the market
out of a steep decline.. ..The finance ministry announced it was
considering a share split after a sharp correction slashed market
capitalisation by almost a third in just two weeks. Turnover has
fallen to a fraction of pre-correction levels. The CMA said the
proposed share split would be submitted to King Abdullah for
approval. Analysts and business leaders said the decision could be
enacted within days.." [more]
US
Keen on Partnership for Women Empowerment: Walsh [Mar 21]
"The United States is interested in building bridges of
communication and partnership with Saudi women to help them
achieve their objectives, according to an official from the
Department of State.. ..Erin Walsh, senior adviser at the Bureau
of Near Eastern Affairs, said that she has been meeting with
people in charity agencies, private schools and other
organizations and talking about different areas for collaborative
work.." [more]
Fischer
Ends Visit With Shoura Meeting [Mar 21]
"Austrian President Heinz Fischer left the Kingdom yesterday
after completing a three-day official visit to the country..
..Fischer said Saudi Arabia and Austria enjoyed good relations in
several areas. He thanked Custodian of the Two Holy Mosques King
Abdullah for the Kingdom’s “warm hospitality” during his
visit. Fischer said himself being a parliamentarian in the past he
had always wanted to visit the Shoura Council and look at its
activities.." [more]
7,000
Saudi Students Interviewed for US Visa [Mar 20]
"US Ambassador James C. Oberwetter has said the business
relationship between the Kingdom and the US is getting stronger..
..He said there was a growing interest among Saudis to visit the
US for education and business. Some 7,000 Saudi students have been
interviewed by the US mission for studies in American colleges.
Last year, he said the number of Saudi applicants for US visas
increased from 16,000 to 26,000.." [more]
Mitsui
Wins $856m Saudi Order [Mar 20]
"Mitsui Engineering & Shipbuilding Company said it had
won an order to build two chemical plants for around 100 billion
yen ($856 million) for a large petrochemical project in Saudi
Arabia. The company will design and build a plant to produce
600,000 tonnes a year of mono ethylene glycol, used to make
plastics.." [more]
Just What are the True Levels of Oil Reserves? [Mar 20]
"In a growing debate over data transparency some increasingly
searching questions are being asked by energy industry analysts
about the true level of world oil reserves and whether official
and company statistics really stack up.. ..In 1988, Saudi Arabia
issued a revised reserve figure adding 88 billion barrels.."
[more]
GCC
Investment Strategy and Sectors Outlook for 2006 [Mar 20]
"Liquidity levels in GCC economies are rising fast on the
back of high oil prices,. This is also accompanied by rising
economic growth, rising government surpluses and increased
investments in infrastructure development in the GCC countries.
The main beneficiaries of this are the listed companies and family
owned business groups who benefit from the trickle down effect
leading to strong corporate earnings growth.." [more]
King
Abdullah: Protector [Mar 20]
"As the rest of the Muslim world was engulfed in violence
over the publication of sacrilegious cartoons of the prophet
Muhammad, one country at the heart and soul of the Muslim world
remained surprisingly silent. Yet that country, Saudi Arabia, is
where one would have expected the most virulent and violent
demonstrations, since it is the birthplace of Islam. But
extremists failed to capitalize on the European press' lack of
respect for the prophet of Islam. The extremists' failure to
widely incite the population of Saudi Arabia is largely due to the
nature of its new leader, King Abdullah.." [more]
Yamani,
Goff Set to Discuss Cooperation - KSA [Mar 20]
"Dr. Hashim Abdullah Yamani, minister of commerce &
industry, will co-chair the joint ministerial commission meeting
with the visiting New Zealand Minister of Trade and Defense Phil
Goff here today.. ..The two sides are to review the growing trade
relations and discuss the scope for improved cooperation in new
areas to be identified, he said. Riyadh, he said, was an
"important partner for New Zealand in the Middle East and our
trade relationship is very strong.." [more]
JCCI
Meets to Expedite Hiring of Women in Lingerie Shops [Mar 20]
"AS the deadline for hiring saleswomen in lingerie shops
nears, businessmen and women organized a seminar to expedite the
matter. A decree was issued a year ago asking all women-exclusive
showrooms to replace salesmen with women by the end of June 2006.
It s been almost a year now when the Cabinet issued Decree Number
120, but it has not yet been applied.. ..According to Abdulaziz
Al-Hazza, from the development fund, the decree has many aspects
that need deliberations.." [more]
Five
Terror Suspects Arrested [Mar 20]
"Several terror suspects were arrested in security raids here
Saturday. Major General Mansoor Al-Turki, the official
spokesperson for the Ministry of Interior, told Okaz Arabic daily
that those arrested in the raids were not on the wanted
list.." [more]
Austrian
Firm to Provide HRD Consultancy [Mar 20]
"Saudi Arabia and Austria have set out a broad vision off
relationship with several new cooperation proposals in the fields
of politics, health, human resource development and commerce being
discussed by the two sides during the visit of Austrian President
Dr. Heinz Fischer. An Austrian organization has been chosen to
provide consultancy to the Kingdom’s Human Resources Development
Fund (HRDF), which in setting up a project called King Fahd
Employment Center (KFEC).." [more]
Sumitomo
Chemical, Saudi Aramco Sign Final Finance Deal for PETRORabigh
Project [Mar 19]
"Saudi Aramco said it and Sumitomo Chemical Co Ltd have
signed the final project financing documents for the PETRORabigh
integrated refining and petrochemical complex, and have broken
ground.. ..It said Japan Bank for International Cooperation (JBIC),
Public Investment Fund of Saudi Arabia (PIF) and 17 other
financial institutions will provide facilities totaling 5.8 Bln
USD.." [more]
Saudi
Arabia Says its War With al Qaeda Not Over [Mar 19]
"Saudi Arabia's interior minister said on Sunday the
kingdom's war against al Qaeda was not over, even after the death
of top leaders of the group's Saudi wing.. ..Prince Nayef's brief
remarks came in response to a question about the damage caused to
al Qaeda by the killing of five militants, including four who were
on a most-wanted list of al Qaeda-linked suspects, in a clash with
security forces last month.." [more]
Saudi
Arabia and Austria Sign Accord [Mar 19]
"Saudi Arabia and Austria signed an agreement for avoiding
dual taxing on income and capital. The agreement was signed by
Saudi minister of finance Dr Ibrahim al-Assaf and on Austrian
Minister of defense Guenther Platter.. ..He urged businessmen in
the two countries to benefit from the agreements signed by Saudi
Arabia and Austria.." [more]
Saudi
Confirms More Phone Licences [Mar 19]
"Saudi Arabia has officially confirmed that new mobile and
fixed-line phone licences will be granted by the end of this year.
The Kingdom’s telecoms watchdog, the Communications and
Information Technology Commission (CITC), last week announced the
timescale for the award of the new licences.. ..When they are set
in motion, the new licences will break the monopoly of Saudi
Telecom (STC) on landline phone services and add a third mobile
phone operator after STC and Mobily (Etisalat-Etihad).." [more]
Al-Assaf
Promises Steps Against ‘Hot Money’ [Mar 19]
"Finance Minister Ibrahim Al-Assaf yesterday welcomed the
proposal allowing foreign residents to invest directly in the
stock market, saying it would not have any negative impact..
..Custodian of the Two Holy Mosques King Abdullah last week asked
Al-Assaf to conduct a study on the prospects of opening the Saudi
bourse to foreign residents and reducing share values to boost
liquidity.." [more]
Abdullah,
Fischer Discuss Mideast [Mar 19]
"Custodian of the Two Holy Mosques King Abdullah and Austrian
President Heinz Fischer held wide-ranging talks on bilateral and
regional issues here yesterday.. ..In their talks, King Abdullah
and President Fischer, whose country is the current EU president,
discussed the Middle East peace process, Iran’s nuclear
aspirations, the situation in Iraq, terrorism and tensions between
Lebanon and Syria.." [more]
US
Eyes Saudi Market for Security Devices [Mar 19]
"The United States is all set to win more Saudi markets of
safety and security products, said Lisa C. Huot, leader of an
American safety and security trade mission, currently visiting the
Kingdom. Lisa said that Saudi Arabia had emerged as a dynamic
market where individuals, corporate houses and government agencies
were becoming more and more sophisticated about using security
devices.." [more]
Citizen
Forum on Higher Education [Mar 19]
"A cross section of the Saudi citizenry is meeting at the
King Abdulaziz University Conference Center in Jeddah Sunday to
discuss plans and strategies on how to further develop a higher
education plan in the Kingdom that is more responsive to the
global challenges. Attending the conference are selected
representatives of industries (employers), university faculty
members, students, parents, various officials of Saudi ministries,
intellectuals, thinkers, and women s groups.." [more]
[For
more on these stories and for more in the SUSRIS news archive CLICK
HERE]
About
the Saudi-US
Relations Information Service |
|
The SUSRIS
project -- an independent, private-sector information resource –
offers objective, comprehensive news and information on the
history, breadth and depth of the US-Saudi Arabia relationship.
< Read More
About SUSRIS >
|
 |
|