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State
of the Oil and Gas Industry
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 "..Certainly
today's prices cannot be justified simply on the basis of
supply-demand fundamentals. As we all know, supplies are
secure, demand is being met, and global inventory levels are
comfortable. So, why are we continuing to see prices in the
seventy-dollar range?.."
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Saudi
Delivers
UCLA Commencement Address
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 "..A
hard-charging political science major from Saudi Arabia has
been selected to deliver the student address at the June 16
commencement exercises for UCLA's College of Letters and
Science. Manal Quota, an honor student with a
distinguished record of political involvement and community
service, will share the dais with Los Angeles Mayor Antonio
Villaraigosa, who is scheduled to keynote the ceremony.."
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| In
the News
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 World
Championship of Soccer Opens - USA and KSA Field Teams -
Update
Games
- Saudi
Arabia
June 14 Tunisia - KSA 2 : 2
June 19 KSA - Ukraine
June 23 KSA - Spain
Standings
- Group
H
Spain
3 pts
KSA
1 pt
Tunisia
1 pt
Ukraine
0 pt |
Games
- USA
June 12 USA - Czech Rep 0 : 3
June 17 Italy - USA 1 : 1
June 22 Ghana - USA
Standings
- Group E
Italy
4 pts
Czech Rep. 3 pts
Ghana
3 pts
USA
1 pt |
|
- The 32
teams are divided into eight groups of four.
- In the
first round, each team plays the other three in
its group.
- A win
is worth three points, a tie one and a loss
none.
- The
top two teams advance to the second round, where
single elimination begins.
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In
the News
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Saudi
Arabia gives Tyler County the power
"..Via
the Kingdom of Saudi Arabia, Tyler County received two
150-kilowatt generators late Thursday night.. ..But
Saudi Arabia? Seems
unusual to some, but the country assisted the Hurricane
Katrina-ravaged shrimping industry in Bayou La Batre, Ala.,
and also donated to Deep East Texas Council of Governments
to help rebuild 300 blue-roofed homes to date. According to
an Associated Press article, millions of Saudi Arabian
dollars have been donated to hurricane victims.."
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| In
the News |
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Pressures
build on Saudi media
"The
media in Saudi Arabia has begun to broach topics such as
religious extremism, women's rights and unemployment that
were once strictly off limits. The
changes have provided new insight into what has long been
one of the most closed and conservative societies in the
world. In speeches broadcast on Saudi television, King
Abdullah has repeated what is now the dominant message of
his reign - Saudi Arabia must stamp out the threat of
home-grown Islamic extremism.."
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| Keeping
Track - Recently
on SUSRIS |
|
Suggest
an event to add to the calendar -- click
here.
| News
This Week - June 11-17, 2006 |
|
US
Sends Remains of Three Guantanamo Suicides to Saudi Arabia, Yemen
[Jun 17]
"The Pentagon says the remains of three men who committed
suicide at the U-S prison at Guantanamo Bay have been sent to
their homeland. A spokesman says a commercial charter jet
transported the remains from the Navy base in southeastern Cuba to
Yemen and Saudi Arabia. Officials say the men hanged themselves
June tenth inside their steel mesh cells at the detention center.
They were the first reported detainee deaths at the prison since
it opened in January 2002.." [more]
UAE
Dominates Foreign Investment in Saudi Arabia [Jun 17]
"The UAE has overtaken Japan to become the dominant foreign
investor in Saudi Arabia following the signing of a mega deal
between Emaar and the Kingdom last year.. ..The UAE investment
approved by the Saudi Arabian General Investment Authority (SAGIA)
stood at a staggering 122.9 billion by the end of May, accounting
for nearly 41 per cent of the total FDI pumped into the
Kingdom.." [more]
Saudi
Stock Market Turnover Falls to SR138.64BN [Jun 17]
"The Saudi stock exchange continued its volatile performance
last week amid a persistent wave of speculation. The Tadawul
All-Share Index (TASI) gained 161.87 points or 1.35 percent,
closing at 12,046.10 points on Wednesday, up from 11,994.10 points
in the previous week after the five-day trading was introduced
from Thursday. The Capital Market Authority (CMA) announced
earlier that starting June 15 the trading week would be reduced
from six to five days, or Saturday to Wednesday. TASI is currently
27.9 percent lower than the year's start.." [more]
We
Bribed Saudis, Says Ex-minister [Jun 17]
"Britain bribed senior Saudi officials to secure arms
contracts, a former Tory defence secretary admitted last night.
Lord Gilmour who, as Sir Ian Gilmour, held the post in Edward
Heath's government, said payments were necessary to beat American
and French competition.. ..The arms industry, primarily BAE, has
earned billions from the desert kingdom since the 1960s. But it is
now being investigated by the Serious Fraud Office over an alleged
slush fund used to bribe Saudi officials.." [more]
Saudi
Arabia Gives Tyler County the Power [Jun 17]
"Via the Kingdom of Saudi Arabia, Tyler County received two
150-kilowatt generators late Thursday night. Feeley filled out the
proposal, which resulted in the $100,000 donation to the rural
county that couldn't otherwise redirect funding for lavish
disaster-relief tools.. ..The guidelines read stereotypically,
Feeley said. Apply for grant to supply food, water or clothes. In
Feeley's opinion, the local churches and non-profit aid had
covered the immediate needs, and what Feeley wanted was a gift
that kept on giving.." [more]
State
Foreign Minister of Saudi Arabia to Pay Visit to Azerbaijan [Jun
16]
"Kingdom of Saudi Arabia will be represented at the upcoming
meeting of foreign ministers of the Organization of Islamic
Conference (OIC) at the level of state foreign minister Nizara O.
Madani.. ..The state foreign minister will be accompanied by the
delegation of the Forign ministry of this country. Within the
participation at the meeting, the state minister is going to hold
several bilateral meetings with officials of Azerbaijan.." [more]
Saudi
Arabia Boycotts Award Sponsored by Beer Company [Jun 16]
"Saudi Arabian players will boycott FIFA's man of the match
award during the World Cup because it is sponsored by
Anheuser-Busch, an American company that manufactures Budweiser
beer. 'It's a matter of principle. No special meeting or decision
needed to be taken. Saudi players will not accept an award linked
to the maker of an alcoholic beverage,' said Abdullah al-Dabal, a
Saudi soccer federation official.." [more]
Oil
States and Their Responsibility to Poor Countries [Jun 16]
"The OPEC Fund for International Development (OFID) has
suffered from two basic problems. The first involves the attempt
to differentiate between the Fund and its famous neighbor in
Vienna, the Organization of Petroleum Exporting Countries, which
dominates the news when there is a rise or fall in oil prices. The
second is the public notion that whenever a natural disaster takes
place, such as the Asian tsunami, oil states have a limited role
in providing assistance, which is the case with industrial
countries.." [more]
Chinese
Find Investment, Trade Prospects Bright [Jun 16]
"A delegation of Chinese businessmen said here yesterday that
their current visit has helped them to study the prospects for
investment, and the expansion of joint ventures and trade. Some of
the 300 members of 149 Shanghai companies, whose four-day China
Products Fair ended at the Jeddah International Exhibition and
Convention Center last night, said their one-to-one meetings with
local businessmen at the JCCI and also at the fair were
fruitful.." [more]
SR600
Million Saudi Investment in Germany [Jun 16]
"Partners for Development, Investment and Tourism Company
signed a contract with German L.E.G. for real estate development
for establishing “Innovation Village”, a tourism, commercial
and residential project in Asen, Germany, for SR600 million..
..The project’s capital is 100 percent Saudi and is considered
the first tourism, commercial and residential project by the
private sector in Asen.." [more]
Saudis
Hand Over Manager of Sunken Ferry to Egypt [Jun 16]
"Saudi authorities handed over to Egypt on Friday the manager
of the company that owns the Egyptian ferry, which sank in
February, killing about 1,000 people.. ..Orabi, who arrived under
heavy security aboard a Saudi Airlines flight early Friday, was
immediately taken in for questioning, the source said. He had been
arrested a few days earlier in Riyadh on an Egypt warrant. His
whereabouts had previously been unknown. The Al-Salam Boccaccio 98
sank in the middle of the Red Sea on February 3 as it was carrying
more than 1,400 people from Saudi Arabia to the Egyptian port of
Safaga.." [more]
Guidelines
To Select Schools In The US [Jun 16]
"The US Embassy in Riyadh has issued guidelines to students
in selecting proper and accredited institutes of learning. This
year many Saudi students are preparing to study in the United
States, either on scholarship or using personal funds. Other
students will study with institutions in the United States via
distance learning or online programs. It is important for all
students to be careful in choosing where and with whom they will
study.." [more]
Tunisia
Held 2-2 by Saudi Arabia at World Cup Group H Match [Jun 15]
"Saudi Arabia held African champions Tunisia to a 2-2 draw in
their World Cup Group H match on Wednesday. Zied Jairi gave
Tunisia a 1-0 after 23 minutes, firing home a spectacular volley
after Redha Tuker made a poor clearance from a free kick. Yasser
Al Khatani equalized the score for Saudi Arabia with their first
World Cup goal since 1998 in the 57th minute.." [more]
Saudi
Cuts Asian Exports [Jun 15]
"Saudi Arabia has cut oil exports to Asia by over 0.5m bpd
since March 2006 to match lower demand from refiners, according to
Reuters citing tanker tracker Petrologistics. Production dropped
to 9.05m bpd in May, its lowest level this year. The kingdom has
long-term contracts to export just under 7m bpd of crude
worldwide.." [more]
Saudi
Arabia Provides Food Aid for 50,000 Palestinian Families [Jun 15]
"Days after the United Nations World Food Programme warned
that hundreds of thousands of Palestinians are becoming destitute,
Saudi Arabia has responded with a donation of USD2.6 million to
purchase food for 50,000 of the worst affected families.. ..The
100-kilogram Saudi food basket will include five commodities:
fortified wheat flour, pulses, fortified vegetable oil, sugar and
iodized salt.." [more]
Saudi
Bourse Slightly Up [Jun 15]
"Saudi stocks inched up 0.4% in the volatile week to
Wednesday as speculators took advantage of abundant liquidity
ahead of second-quarter results season, traders said. A late rally
helped the all-share index, Sasi, of the largest Arab bourse close
yesterday’s session 0.92% higher at 12,046.10 points after it
stayed in the red for much of the day, falling by up to
1.9%.." [more]
Case
of Dead Guantanamo Inmates Snowballs [Jun 15]
"The Families of Saudi prisoners at the U.S. base in
Guanatanamo, Cuba, are planning to play up the case of three
inmates who allegedly committed suicide. The lawyer of the
families said he will raise the incidents, which sparked anger and
skepticism among Saudis at an international meeting in Beirut.
Fahed Shumari said Thursday he will ask for an independent probe
into the death of the three prisoners, two Saudis and a Yemeni, at
the three-day conference of the Council of the International
Criminal Union which will convene in the Lebanese capital
Friday.." [more]
Value-Added
Across The Board [Jun 15]
"Adding value to a national commodity domestically is far
better than simply exporting it ‘raw’ and allowing other
nations to add value to it and keep the proceeds in the process..
..Saudi Arabia started the ball rolling in late 2004 when it
signed a deal with Japan’s Sumitomo Chemical to build, what is
billed to be the world’s largest, integrated refinery and
petrochemicals complex; PetroRabigh.." [more]
IDB
Chief hails Saudi Support to Sacrificial Meat Project [Jun 15]
"President of the Islamic Development Bank (IDB) Dr.Ahmad
Mohammad Ali expressed his gratitude to the Saudi government for
its unlimited support to "Al-Hadi" (sacrificial meat)
project, which has so far benefited 27 countries within the
framework of strong cooperation between the Kingdom of Saudi
Arabia and IDB.." [more]
First
Charity For AIDS Patients In The Kingdom [Jun 15]
"An official at Makkah Regional Council revealed a plan for
the foundation of the first ever charity dedicated to helping AIDS
patients in the Kingdom, Asharq Alawsat, the Arabic-language daily
reported Wednesday. Saleh Al-Turki, a member of the Social
Development Committee entrusted by the council to found the
charity, said one of the major objectives of the society is to
provide aid to the families of the patients and launch an
awareness campaign.." [more]
Saudi
Arabia’s Growing List of New Friends [Jun 15]
"With oil prices hovering around $70, does this signal a new
wave of foreign relations for Saudi Arabia, or it is just a
natural aftermath of the 9/11 attacks? The visit of Custodian of
the Two Holy Mosques King Abdullah to China, Malaysia, India and
Pakistan was a landmark event.. .. there is a lot more to this
newfound affection toward Asian countries. The visit of King
Abdullah to Southeast and South Asia connotes a markedly softened
approach towards these countries.." [more]
London
Event to Highlight Strong GCC-UK Links [Jun 15]
"A two-day conference sponsored by British Offset, which is
part of the Al-Yamamah Offset Program, will be held in London on
June 19 and 20.. ..The Offset Program aims to diversify Saudi
Arabia’s economy through joint ventures and licensing agreements
which introduce new technology into the Kingdom. The conference
will draw together leaders and potential investors in three days
of business discussion and the exercise of corporate
charity.." [more]
Lords
Rule That Britons Cannot Sue Saudi Torturers [Jun 14]
"Four British men who claim that they were tortured in Saudi
Arabian prisons are to take Britain to the European Court of Human
Rights after the law lords ruled they could not sue their alleged
torturers.. ..The Saudi Government, backed by the UK Government,
had argued that its officials were protected by the 1978 State
Immunity Act from proceedings brought in this country.." [more]
Saudi
Oil Output in May Down at 9.05 mbpd [Jun 14]
"Saudi Arabia's oil production fell to 9.05 million barrels
per day (bpd) in May from 9.1 million bpd in April in line with
lower customer demand for heavy Saudi crude, a senior Opec
delegate said yesterday. 'There is less call for oil from Saudi
Arabia and other countries,' the delegate told Reuters. 'Whatever
customers want, Saudi Arabia will give them, unless they ask for
ultra or super light crude, which is already allocated.." [more]
Saudi
Civic Body Listens to Citizen Critique in First Open Meeting [Jun
14]
"Hundreds of men and women, representing some 4.5 million
inhabitants of Riyadh, took part in an open meeting with the
members of the capital's municipal council here on Tuesday. This
was the first ever open meeting of the people in a Saudi city with
the elected members of their council. The meeting witnessed a free
and frank airing of views by the citizens of Riyadh about the pros
and cons of the council's performance.." [more]
Saudi
Plans $8bn Economic City in North [Jun 14]
"Saudi Arabia has announced plans to build a northern
economic city at a cost of $8 billion. The city, to be built over
10 years, will host agricultural and mineral industries, an
education zone and a residential area with 30,000 housing units..
..The city will cost SR30 billion ($8 billion), an AFP report
quoted a source in Rakisa Holding as saying.." [more]
Hail
University Foundation Today [Jun 14]
"Custodian of the Two Holy Mosques King Abdullah will lay the
foundation stone for the Hail University today. During his tour of
the region, he will also open new water, educational, health and
infrastructure projects worth more than SR2 billion.. ..The Hail
University campus covers an area of 20 million square meters and
will include colleges of engineering, computer science, medicine,
science and community as well as a university hospital.." [more]
OPEC
Fund Marks 30th Anniversary [Jun 14]
"The OPEC Fund for International Development plays a
significant role in promoting the development of poor countries,
according to Suleiman Al-Herbish, director general of the fund..
..'OPEC works to stabilize international oil market and promote
development of poor and middle-income countries,' he told the
meeting, which was attended by finance ministers of Saudi Arabia,
the UAE, Kuwait, Algeria, Indonesia, Iran, Iraq, Libya, Nigeria
and Venezuela.." [more]
Muallami
Opens China Trade Fair [Jun 14]
"THE Jeddah Chamber of Commerce and Industry (JCCI) Chairman,
Abdullah Bin Yahya Al-Muallami inaugurated here Monday China
Products Fair 2006. The show is organized by the Ministry of
Commerce of China and Shanghai Municipal Government.. ..'The
four-day Fair and Investment Cooperation Conference is one of the
biggest solo show of any country in Saudi Arabia,' Chinese Consul
General Chang Yi said. Leading 149 exhibitors are
participating.." [more]
Laura
Bush Announces Partnership to Fight Breast Cancer in the Middle
East [Jun 13]
"First Lady Laura Bush announced a major women’s health
campaign in the Middle East in remarks at the Susan G. Komen
Breast Cancer Foundation 2006 Mission Conference in Arlington,
Virginia.. ..The partnership is organized by the State
Department’s Office of Public Diplomacy and the Middle East
Partnership Initiative.." [more]
Saudi
to Increase Oil Production to 12 Million Barrels a Day by 2009
[Jun 13]
"Saudi Arabia is planning to increase its production of crude
oil to 12 million barrels per day by the end of 2009, the Saudi
News Agency reported on Tuesday. The president of oil company
Aramco Abdallah Jomaa was quoted by the agency as saying that the
increase is expected to compensate for the downturn in oil
production and reach the company’s maximum production capacity
through the implementation of a number of huge projects.." [more]
Franchise
System Growing Fast in Saudi Market [Jun 13]
"The franchise system is relatively new but growing in the
Saudi market, according to experts who spoke at the seminar on the
sidelines of the Jeddah Franchising Exhibition.. ..However, he
also pointed out that in Saudi Arabia there is no system
regulating franchise agreements yet at the Ministry of Commerce.
There is a project underway of developing a system for franchises.
Speaking to Arab News, Talal Badkook, chairman and CEO of Badkook
Group and the Franchise Development Services Company, said that
the franchise system entered the Kingdom in the early 90's so it
is relatively new.." [more]
New
Defence Attache Position in Saudi Arabia [Jun 13]
"New Defence Attaché position in Saudi Arabia. Defence
Minister Phil Goff announced today the establishment of a new
Defence Attaché position in Riyadh, Saudi Arabia. The role of a
Defence Attaché is to provide liaison between New Zealand defence
interests and those of the nation in which they reside. Brigadier
Neville Reilly will take up the position in July. Brigadier Reilly
is a highly experienced and distinguished member of the New
Zealand Defence Force and former Defence Attaché in
Jakarta.." [more]
Rights
Watchdog Worried by Gitmo Deaths [Jun 13]
"The Saudi National Organization for Human Rights has called
for an emergency meeting of countries with prisoners in Guantanamo
to discuss their plight. The organization's president, Bandar
Hajjar, said in a statement Tuesday that the members of his rights
watchdog held an extraordinary meeting following the deaths of two
Saudi prisoners held at the U.S. prison in Guantanamo Bay, Cuba,
and agreed to call for an international meeting to debate the
issue.." [more]
New
Monthly Publication on Tourism Launched in KSA [Jun 13]
"Saudi Tourism News (STN) is a bi-lingual (Arabic/English)
monthly publication on Tourism in Saudi Arabia and abroad. The
publication aims to highlight tourism attractions in the Kingdom
of Saudi Arabia while providing related information about the
tourism destinations around the world. Saudi Tourism News (STN) is
in fact a company incorporated by Saudi Business Insight Group (SBI),
that works to develop and promote tourism industry in the
Kingdom.." [more]
IBM
and SAP Roadshow Kick Off in Saudi Arabia [Jun 13]
"IBM, the world's largest information technology company,
together with SBM, its General Marketing and Services
Representative in Saudi Arabia, and SAP, the world's leading
provider of business s Arabia this week, which aims to inform
businesses about the latest IBM technology and 'System
infrastructure' in the SAP environment.." [more]
Saud
Satisfied With Iran Talks [Jun 13]
"Saudi Foreign Minister Prince Saud Al-Faisal said yesterday
he hoped for a speedy resolution of the crisis over Iran’s
nuclear program. 'We hope this crisis is solved as soon as
possible,'.. ..Saud said he was satisfied with what Mottaki had
told him about the nuclear file. “He told me that Iran has a
positive view and is examining the content of the proposals”
offered to Tehran.." [more]
Cabinet
Decries Israeli Airstrike on Beachgoers [Jun 13]
"The Council of Ministers yesterday condemned Israel’s
killing of eight Palestinians picnicking on a Gaza beach in a
naval attack on Friday. 'The Cabinet expressed its condemnation of
the Israeli air raids on a Gaza beach resulting in the death and
wounding of a number of innocent civilians,' the Saudi Press
Agency (SPA) quoted Culture and Information Minister Iyad Madani
as saying.." [more]
Saudi
Prisoners Suicide Impossible [Jun 13]
"Relatives of two Saudi detainees who died at Guantanamo Bay
said the men could not have committed suicide as the US military
reported, because they were strict Muslims, newspapers reported on
Monday. Islam prohibits suicide and sets out harsh punishments in
the after-life for those who take their own lives. The men's
families said they had probably been killed.." [more]
Saudi
Aramco's Key Figures on Oil Reserves and Production [Jun 13]
"The following key figures are dislcosed in Saudi Aramco’s
annual report for 2005: Recoverable crude oil and condensate
reserves: 259.8 billion barrels, Crude oil production (average per
day): 9.1 million barrels,Crude oil production (annual): 3.3
billion barrels.." [more]
Saudi
Suspicion Over Guantanamo Deaths [Jun 12]
"A lawyer for Saudi nationals imprisoned at Guantanamo Bay
said yesterday that he held US authorities responsible for the
deaths of Saudi prisoners. He implied the inmates were tortured to
death. The UK’s constitutional affairs minister joined calls for
the jail camp to be shut down. Three inmates, a Yemeni and two
Saudis, allegedly hanged themselves in their cells at the base on
Saturday night.. ..A Saudi official disputed allegations of
suicide, hinting that inmates might have been tortured.." [more]
Tunisia,
Saudi Seek to End World Cup Drought [Jun 12]
"Neither Tunisia or Saudi Arabia have particularly impressive
records at the World Cup, but both have an opportunity to burnish
their statistics when they meet here on Wednesday.. ..Saudi Arabia
cruised through qualifying undefeated, beating South Korea home
and away as they made it to their third finals in as many
attempts.." [more]
Saud’s
Tehran Talks to Focus on N-Program [Jun 12]
"Foreign Minister Prince Saud Al-Faisal will visit Tehran
today to discuss a host of regional and international issues
including Iran’s nuclear program, issues related to Iraq and the
Middle East peace process.. ..The prince will meet his Iranian
counterpart Manouchehr Mottaki and other high-ranking officials
during his visit. Saud’s visit will coincide with a meeting of
the International Atomic Energy Agency, the UN nuclear watchdog,
in Vienna to discuss the Iranian nuclear issue with the world
waiting to see Iran’s response to a Western offer to wean Tehran
from nuclear enrichment.." [more]
Saudi
Companies Asked to Use Hong Kong as Business Base [Jun 12]
"'We believe Saudi companies are underrepresented in our
region. That's why we are here to invite them to use Hong Kong as
a base for their business ventures on the mainland,' Simon Galpin,
associate director-general, Invest Hong Kong, the investment
promotion arm of China's special region, said at a press
conference. The press conference, held at the headquarters of the
Saudi Arabian General Investment Authority (SAGIA), was also
attended by Philip Kung, head of Business and Professional
Services, and Rajiv Shah, senior consultant, Invest Hong Kong,
Dubai branch.." [more]
Zarqawi
Death Gives Jihad New Momentum - Saudi Qaeda [Jun 12]
"Al Qaeda in Saudi Arabia hailed their slain comrade in Iraq,
Abu Musab al-Zarqawi, in an Internet statement on Sunday, saying
the 'martyrdom' gave fresh impetus to their holy war in the
birthplace of Islam. 'Jihad will not stop. Jihad will continue
until the day of resurrection ... may this news provide new
momentum,' the statement signed by the al Qaeda Organisation in
the Arabian Peninsula said.." [more]
Sustaining
Saudi Arabia [Jun 12]
"With the World Tourism Organisation predicting that tourism
in the Middle East will see an annual growth rate of around 7%
over the next 20 years, the Kingdom of Saudi Arabia (KSA) is
determined to get a piece of the action. Since the 1970s, the
development plans in the kingdom have aimed at diversifying the
country's sources of income and decreasing its dependence on oil.
Now, with the volatility of oil prices, the kingdom has turned its
attention to supporting and developing its tourism industry into
one of the most important sectors in the Saudi economy.." [more]
Saudi
Arabia: Agricultural Sector Consumes 85% of Kingdom's Water
Supplies [Jun 11]
"The Undersecretary of the Saudi Ministry of Water and
Electricity has revealed that the agricultural sector was the
principal consumer of water in the Kingdom, accounting for around
85% of all water use. The Undersecretary, Dr Ali al-Tukhays, said
that one of the most important priorities defined in the water
strategy was the necessity of changing some of the agricultural
sector policies, in addition to providing solutions for better
management of demand on water.." [more]
Lawyer
Says CMA Can Be Sued to Reveal Stock Manipulators [Jun 11]
"The recent stock market crash affected more women investors
than men, according to a legal expert on share market. Lawyer
Muhammad Al-Saieri attributed the women’s added vulnerability to
the crash in the Saudi bourse to their inexperience and ignorance
about the pitfalls in the market, which they mistook for a safe
place to invest and make quick profits.." [more]
King
to Launch 20 Projects Worth SR81 Billion in Jubail [Jun 11]
"Custodian of the Two Holy Mosques King Abdullah is set to
launch around 20 industrial and infrastructure projects worth more
than SR81 billion at Jubail Industrial City today.. ..The king is
also set to open the first phase of the second industrial city,
Jubail-II. According to an official statement carried by the Saudi
Press Agency, the Jubail-II project, which covers an area of 1,950
hectares, will cost SR2.54 billion. Jubail-II is expected to
attract investment projects worth SR220 billion.." [more]
Dead
Saudi Detainees Named [Jun 11]
"Saudi Arabia on Sunday identified two Saudi nationals found
dead in their cells at the US prison in Guantanamo Bay, while a
rights group blamed US officials for their deaths.. ..Saudi Arabia
said it has begun procedures to receive the bodies of Mani bin
Shaman bin Turki al Habradi and Yasser Talal Abdullah Yahya Al
Zahrani. The identity of the Yemeni was still not known.." [more]
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