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Adel al
Jubeir Said to be Next Ambassador to US
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"..Adel
al-Jubeir will be the next Saudi Arabian Ambassador to the
United States according to a report on "The Washington
Note" a US-based blog.. ..Mr. Jubeir served as Foreign
Affairs Advisor to King Abdullah bin Abdulaziz following a
long tenure at the Saudi Embassy in Washington, DC. He is
well known among observers of Saudi-US affairs and has
served as spokesman on numerous occasions representing the
Kingdom's policies and positions to the media. It is
noteworthy that Mr. Jubeir is not a member of the Saudi
Royal Family as has been typical of such high profile
portfolios as chief Saudi diplomat in Washington.."
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Saud
al Faisal on Regional Issues
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"..Foreign
Minister Prince Saud Al-Faisal said yesterday that Saudi
Arabia would not take sides in Iraqi sectarian violence,
denying press reports that Riyadh would support Sunnis in
the wake of a US withdrawal from the war-torn country. 'Since
the start of the crisis in Iraq.. ..the Kingdom has said it
will stand at an equal distance from all Iraqi groups and
does not describe itself as the guardian of any group or
sect,' he said to reporters in Riyadh. He said Saudi Arabia
would continue its efforts to bring about security and
stability in Iraq. 'We cooperate with all those who want a
united, independent and sovereign Iraq,' he said. 'And we
hope all Iraqi citizens receive equal rights and duties
under the law'.."
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Saudi
Economy - 2006 Performance, 2007 Budget
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"On
Monday, December 18, 2006 the Council of Ministers endorsed
the government's budget for fiscal year 2007 (31 Dec. 2006 -
30 Dec. 2007) and announced economic and fiscal results for
2006. With oil revenues assumed to remain strong, the
budgetary focus on enhancing expenditure on education,
healthcare and infrastructural development as well as
reducing debt is maintained.."
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Secretary
Rice on Middle East Democracy
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"..The
United States remains committed to supporting people across
the Middle East who reject extremism and embrace democracy,
Rice said. Across the region, she said, a "new
strategic context" is taking shape from the convergence
of greater political freedoms and a debate within Islam
about the role of religion in politics and society. As
a result, mainstream states such as Saudi Arabia, Jordan,
Egypt and the Gulf states that are committed to progressive
reforms now find themselves confronted by more extreme views
from countries such as Iran and Syria as well as from groups
like Hezbollah and Hamas.."
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Book
Note: Cordesman/Rodhan - Mid East Energy
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"..The
recent rise in global demand for energy and the resulting
spike in energy prices have illustrated just how important
Middle Eastern energy exports are. This book, the first on
the subject since the hike in energy prices impacted the
global energy market, outlines current facts that shape the
ability of Middle Eastern producers to supply energy
exports. It explores the possible future causes both of
major interruptions in supply, and failures to maintain and
expand export capacity, and, though it does not predict a
major energy crisis, it does describe factors that could
produce one.."
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In
the News
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Royal
Intrigue, Unpaid Bills Preceded Saudi Ambassador's Exit -
Policy Dispute Regarding Iran Loomed Large - Washington Post
"..For more than a year, Saudi Arabia's ambassador journeyed to college campuses, chambers of commerce, town halls and world affairs councils across the United States in an ambitious campaign to improve his country's image. But Prince Turki al-Faisal's goodwill tour, instead, produced millions of dollars in unpaid bills -- and a tale of murky intrigue in the enigmatic desert kingdom. The debts by one of the world's wealthiest countries -- owed to the very lobbyists, advisers and event organizers hired to promote the kingdom -- have left a trail that weaves together bitter princely rivalries, diplomatic subterfuge and a policy clash over one of the thorniest issues of the day: what to do about Iran.."
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In
the News
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Bickering Saudis Struggle for an Answer to Iran’s Rising Influence in the Middle East
- NY Times
"..Many here say a showdown with Iran is inevitable. After several years of a thaw in relations between Iran and Saudi Arabia, Saudis are growing concerned that Iran may build a nuclear bomb and become the de facto superpower in the region.. ..Yet a growing debate here has centered on how Iran should be confronted: head on, with Saudi Arabia throwing its lot in with the full force of the United States, or diplomatically, with a grand bargain Iran would find hard to refuse? The apparent split burst into the open last week when Prince Turki al-Faisal, Saudi Arabia’s ambassador to Washington, abruptly resigned after just 15 months. The resignation is seen by many here as part of a long-running battle over Saudi Arabia’s foreign policy.."
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In
the News
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Judge Links Iran to ’96 Attack in Saudi Arabia
- NY Times
"WASHINGTON, Dec. 22 — A federal trial judge ruled Friday that the government of Iran bore significant responsibility for the June 25, 1996, bombing of Khobar Towers in Saudi Arabia, and ordered Tehran to pay more than $253 million in damages to surviving family members of many of the American airmen killed there.."
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In
the News
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Announcement
of the Pax Christi Peace Award 2006
Mr.
Rami Khouri was named one of two winners of the Pax Christi
Peace Award winners for 2006. The annual award
recognizes individuals or organizations "dedicated to
bringing peace and reconciliation to their region and more
broadly, to the entire world." Mr. Khouri
recently shared his assessment of regional developments in a
SUSRIS interview. [Link]
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Keeping
Track - Recently
on SUSRIS |
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Rollover
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Rollover
image for info |
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Iran to
Compensate Over Role in Bombings [Dec 23]
"The Iranian government has been found guilty of financing a
1996 terror attack in Saudi Arabia which killed 19 Americans and
must pay $254 million to the victim’s families, a federal judge
ruled on Friday.. ..US authorities have long alleged that the
bombing was carried out by a Saudi wing of Hezbollah, which
receives support from Iran and Syria.." [more]
Saudi
Dissident's Son Refuses Court Order [Dec 23]
"..Majid al-Massari might be deported to his native Saudi
Arabia. A federal appeals court has ruled that he can be removed
while it reviews his case.. ..The son of a famous Islamic
dissident who advocates the overthrow of the Saudi ruling family,
al-Massari maintains he will be tortured if he is forced to return
to his native land. Immigration and Muslim advocacy groups have
rallied to his cause.. ..The elder al-Massari's organization, the
decision alleges, helped Osama bin Laden organize a London office
for Al Qaeda and provided him with satellite telephones. The
ruling cites an article quoting the father describing his
organization as the "ideological voice" of Al
Qaeda.." [more]
Royal
Intrigue, Unpaid Bills Preceded Saudi Ambassador's Exit [Dec 23]
"Prince Turki al-Faisal's goodwill tour, instead, produced
millions of dollars in unpaid bills -- and a tale of
murky intrigue in the enigmatic desert kingdom.. ..Saudi experts
say differences within the royal family, like virtually everything
having to do with the House of Saud, are heavily nuanced.. ..After
a year of internal tensions and failure to pay bills, Turki was
not invited to Riyadh for Cheney's visit, Saudi sources confirmed.
And Bandar returned to Washington again right after the meeting to
discuss the specifics of the joint efforts. Two weeks later, Turki
quit.." [more]
Saudi Arabia
Can Mold A New Economic Future [Dec 23]
"Sheikh Suleiman said Saudi Arabia has strategically moved
toward developing economic cities and away from the oil sector,
with the ambition of being one of the leading nations in the field
of developing this category of mega-project by 2010.. ..Al-Majid
said these economic cities will greatly enhance the country’s
industrial and service sector, including the infrastructure for
transportation, allowing for the Kingdom to play an effective role
in molding a new economic future for the region.." [more]
25% of Saudi
Marriages End in Divorce [Dec 23]
"Nearly one in four marriages in the conservative Muslim
kingdom of Saudi Arabia ends in divorce, a newspaper quoted the
Justice Ministry as saying on Saturday.. ..'It is impossible to
have healthy relationships in Saudi Arabia. The laws have given
men full authority while women are deprived of their rights and
freedom,' rights activist Wajiha al-Howeidar told Reuters..
..While a few women have grown up in relatively liberal homes and
refrain from marriage at an early age, many see in marriage a way
out of protective parental homes, al-Howeidar said.." [more]
US Law
Enforcement Gets Lessons on Islam [Dec 23]
"Nawal Ebrahim, a 27-year-old Saudi woman, shared her
experiences in building awareness about Islam among senior US
police and intelligence officials with a group of journalists,
including Gulf News, while visiting her family in the city. 'Our
lectures have contributed substantially in ensuring fair dealings
for Muslims at the hands of US investigating officials,' she
said.." [more]
Abdullah’s
Visit to Boost Saudi-Oman Relations [Dec 23]
"Custodian of the Two Holy Mosques King Abdullah’s landmark
visit to Oman, beginning today.. ..This is Abdullah’s first
visit to Oman after taking over power in August 2005. The visit
follows the successful Dec. 9-10 summit in Riyadh that brought
together all GCC leaders including Sultan Qaboos. King Abdullah
held talks with Qaboos on the sidelines of the summit..
..Increasing trade exchange is likely to figure high at the
Saudi-Oman summit talks in Muscat as the present volume of trade
accounts for only 7.6 percent of the total trade exchange between
the Kingdom and GCC countries.." [more]
New Saudi
Envoy to US is King’s Adviser [Dec 22]
"Saudi Arabia’s new ambassador to the United States will be
Adel al-Jubeir, a close adviser to King Abdullah, a report said
yesterday, less than two weeks after the previous envoy’s sudden
resignation. Jubeir is well known in Washington and the West, and
will replace Prince Turki al-Faisal, who told his staff on
December 11 he was leaving for personal reasons.. ..Saudi
diplomats here said there was so far no confirmation of the
appointment from Riyadh.." [more]
Saudi’s
Stance on Tariffs Blocks Gulf Customs Union, Says UAE [Dec 22]
"Saudi reluctance to reduce tariffs on goods such as steel
and textiles is hampering implementation of a Gulf Arab customs
union agreement, the head of the UAE customs authority said
yesterday. A delay in completing customs union, now by almost a
year, is one reason why Oman said this month it would not be able
to join with the introduction of a single Gulf Arab currency by
January 1, 2010. 'Saudi is still protecting its local industry by
imposing additional tariffs'.." [more]
The Kingdom of
Saudi Arabia Addresses the United Nations [Dec 22]
"The Kingdom of Saudi Arabia confirmed its support for the
statement recently issued by the nonalignment movement on the
racial separation wall installed by Israel as it contradicts the
international law. In a speech before an extraordinary session of
the united national general assembly in New York yesterday, Saudi
Arabia's Representative Abdullah Saud Al-Enizy called on Israel to
put an end to its violations of its international commitments and
stop work on the wall. The session was to discuss the illegal
Israeli acts in Alquds and Palestinian territories.." [more]
Some
Ex-Guantanamo Inmates Convicted on Return Home [Dec 22]
"Saudi authorities released 11 Saudis who were detained in
their homeland for investigation after their release from the US
military prison in Guantanamo Bay in mid-2006.. ..Ministry
spokesman Lt Gen Mansour Al Turki said 28 detainees who were
released from Guantanamo in May and June confessed to
"committing legal violations. They stood trial, and the court
issued different sentences against them.." [more]
Kingdom to
Spend SR32bn on Scientific Research and Development [Dec 22]
"The Kingdom will spend over SR32 billion ($8.6 billion) on
research and development as part of its 20-year National Science
and Technology Plan.. ..Al-Athel said the government would install
in the near future the so-called “technology incubators” at
five Saudi universities as part of its program to promote applied
research in the Kingdom.." [more]
Arafat
Standing on Dec. 29 [Dec 22]
"The Standing at Arafat, the central part of Haj rites, will
take place on Friday, Dec. 29, while this year’s Eid Al-Adha
will occur the following day, according to a statement of the
Supreme Judiciary Council yesterday.. ..More than 2.5 million
believers from the four corners of the world are expected to
converge at the Arafat plain, 12 kilometers southeast of Makkah,
on that day.." [more]
Al-Jubeir
Reported to be New Saudi Envoy to U.S [Dec 21]
"Adel al-Jubeir, a foreign policy adviser to Saudi King
Abdullah, is expected to be named Riyadh's next ambassador to the
United States, it was reported on Wednesday. Jubeir, who became
the public face of his country in the U.S. media after the
September 11 attacks, will replace Prince Turki al-Faisal, who
recently resigned as Saudi Arabia's ambassador in Washington after
15 months in the post.. ..The impending appointment represents a
meteoric rise in Saudi diplomacy for a man who last served in
Washington as special assistant to Prince Bandar bin
Sultan.." [more]
Saudi
Announces Eid al-Adha on Dec 30 [Dec 21]
"Saudi religious authorities have announced that the Muslim
Eid al-Adha, or Feast of Sacrifice, which follows the annual hajj
pilgrimage to Mecca will start on December 30. The hajj culminates
on December 29 when Muslim pilgrims from around the world will
converge on the revered Mount Arafat near Mecca in Saudi
Arabia.." [more]
Saudis Free 11
Former Guantanamo Detainees [Dec 21]
"Saudi Arabia has freed 11 former Guantanamo Bay detainees
after they completed their jail sentences, the Interior Ministry
said yesterday. It said the men were among 28 Saudis handed over
this year by the United States from the Guantanamo Bay naval base
in Cuba. 'The cases of the rest of the accused are still under
review'.." [more]
Integrated
Health Plan During Haj to Prevent Outbreaks [Dec 21]
"Dr Hamad Abdullah Al Manea, the Saudi Health Minister, said
his ministry has drawn up an integrated plan to prevent spread of
epidemic diseases during Haj.. ..Al Manea said the health
authorities at the kingdom's entry points were also instructed to
quarantine pilgrims suspected of having the disease and those who
fail to produce vaccination certificates. 'As a precautionary
measure all liquid and food not packed in cans brought by pilgrims
will be confiscated'.." [more]
Oasis Signs
$130m Deal with Saudi Arabia's NAS [Dec 21]
"Oasis International Leasing signed a $130 million deal
yesterday to sell an Airbus A319 to Saudi-based National Air
Services (NAS) and lease it five more business jets. Gordon Dixon,
Chief Executive Officer of Oasis, said the agreement is a first
for Oasis in the thriving business and corporate jet market..
..This is the first time that Oasis has ventured into the business
jet market, which is growing strongly in the region.." [more]
Saudis Admit
Iraqi Pilgrims After Denying Them Entry [Dec 20]
"Saudi Arabia has agreed to admit hundreds of Iraqi pilgrims
stranded at the border, where four have died, after the Iraqi
government appealed to the Saudi king.. ..Last year Iraq accused
Saudi Arabia of blocking some Iraqi pilgrims. But the Saudi
interior minister, Prince Nayef bin Abdul Aziz, rebuked the Iraqis
for sending more than their quote of pilgrims. Neither Iraqi nor
Saudi officials have divulged whether the stranded pilgrims were
Shiite or Sunni Muslims.." [more]
Kingdom
Won’t Take Sides in Iraq, Says Saud [Dec 20]
"Foreign Minister Prince Saud Al-Faisal said yesterday that
Saudi Arabia would not take sides in Iraqi sectarian violence,
denying press reports that Riyadh would support Sunnis in the wake
of a US withdrawal from the war-torn country.. ..He confirmed the
resignation of Saudi Ambassador to the US Prince Turki Al-Faisal
on the basis of personal reasons. He praised Turki’s
contributions in the service of the Kingdom during his
tenure.." [more]
Review of GCC
Forex Union Deadline Possible: Saudi [Dec 20]
"Saudi Arabia’s finance minister said yesterday the GCC
states may have to review the 2010 target date for introducing a
single currency after Oman said recently it would not abide by the
deadline. 'All options are open, including the 2010 target,'
Ibrahim al-Assaf said in an interview in Riyadh. Oman had said
earlier this month that it was pulling out of the January 1, 2010,
deadline because of delays in GCC-wide measures such as
implementing a customs union agreement.. ..The six states have
already agreed on fiscal and economic criteria for creating the
currency.." [more]
Saudi
Minister: 2007 Budget to Develop Vital Sectors [Dec 20]
"Saudi Finance Minister said that Saudi Arabia's 2007 budget
seeks to improve vital sectors and projects including new
universities, schools, hospitals, health centers and industrial
cities as well as development projects of the Grand Mosque in
Makkah and other holy sites.. ..The minister revealed the
government's plan to reduce public debt further to reach SR310
billion.." [more]
Saudi Stocks
Tumble on Slowdown Fears [Dec 20]
"Saudi Arabia’s stock market tumbled more than 4%
yesterday, crashing below 8,000 points on news that the world’s
largest oil exporter would report unexpectedly slow economic
growth in 2006. Real GDP growth in the Arab world’s largest
economy will drop sharply in 2006 to 4.2% from 6.54% last year,
Saudi Arabia’s finance ministry said on Monday. The Arab
world’s largest stock market snapped a six-day winning streak on
the news.." [more]
Harvard
University to Carry Out Case Study on SAGIA [Dec 20]
"Leading American university Harvard University will take up
the Saudi Arabian General Investment Authority (SAGIA) as a case
study, Arab News reported. A statement issued by Sagia said that
Harvard University's Kennedy School of Government (KSG) has
decided to conduct a case study on Sagia through the Ash Institute
for Democratic Governance and Innovation. This will be the first
time a government organisation has been studied for governance in
the Middle East by Harvard University. The study will be
introduced in three phases.." [more]
Another Major
Conference Canceled [Dec 20]
"Another major conference was canceled in Saudi Arabia..
..The fourth Islamic Real Estate Finance-Middle East (IREF-ME) was
scheduled to take place in Jeddah last week but was canceled by
the organizers, a UK-based events manager, because they allege
that their host, the Jeddah Chamber of Commerce and Industry
(JCCI), did not fulfill its responsibility. A JCCI spokesman
contacted by Arab News blamed the UK organizers. The IREF-ME
conference is now rescheduled under the banner IREF-Jordan
2007.." [more]
Investment
Climate Needs Changes, Say Experts [Dec 20]
"The Saudi leadership is committed to promoting investment
opportunities in the Kingdom. However, the sluggish bureaucracy,
lack of a strong work ethic, expertise and research centers in the
capital market remain the stumbling blocks in the Kingdom’s
drive to attract overseas investment. This message came out of the
three-day international seminar inaugurated Monday night on behalf
of Riyadh Gov. Prince Salman by his deputy Prince Sattam.." [more]
Riyadh Schools
Adds American High School Diploma Program [Dec 20]
"Riyadh Schools for Boys and Girls has added to its academic
services the American high school diploma program.. ..The new
program is aimed at upgrading the student’s mastery of the
English language. Full attendance, sociological skills and ability
to accomplish tasks are some of the basic skills a high school
diploma student is supposed to master.." [more]
HRW: Saudi
Arabia Blocks Access to Detention Facilities [Dec 19]
"..Human Rights Watch informed Saudi authorities of the
detention facilities it wanted to visit on October 3, prior to its
current visit to the country.. ..We’re pleased that Saudi
officials have talked to us candidly about human rights in the
Kingdom, but disappointed that they haven’t yet fulfilled their
commitments to let us visit detention facilities,” said Kenneth
Roth, executive director of Human Rights Watch.." [more]
Intel Partners
with Saudi Firms to Develop Electronic Quran [Dec 19]
"Intel has partnered with two Saudi Arabian software
companies to develop an electronic version of Islam's holy book --
the Quran. Santa Clara-based Intel says the project are part of
broader push to bring low-cost computing and Internet access to
emerging markets.." [more]
Saudi Share
Market Advances [Dec 19]
"Saudi Arabian shares including Emaar Economic City rose. A
drop in shares of Saudi Basic Industries Corp, the world’s
largest publicly traded chemical maker, limited the gain in the
country’s benchmark index. The Tadawul All Share Index added
0.2% to close at 8247.64, advancing for a sixth straight session.
Sixty-five stocks rose, 13 fell and four were unchanged.." [more]
Blair Faces
Legal Challenge to Saudi Probe Halt [Dec 19]
"Anti-bribery campaigners said on Tuesday they would take the
government to court over its decision to drop a corruption probe
into dealings between Saudi Arabia and BAE Systems as part of a
huge arms contract.. ..Lawyers for The Corner House and Campaign
Against Arms Trade wrote to Blair, Attorney-General Lord Goldsmith
and Robert Wardle, director of the Serious Fraud Office, saying
the groups would formally seek a judicial review unless the
government reversed its decision by January 2.." [more]
Saudi Surplus
Will Hit Record $70.66b [Dec 19]
"Saudi Arabia, the world's largest oil exporter, said
yesterday it would run a record budget surplus of 265 billion
riyals ($70.66 billion) in 2006, and would plough more than a
third of that into paying back debt. The surplus, up 24 per cent
from last year, is the fourth in a row after two decades of
deficits when low oil prices left the government struggling to
finance its welfare system.." [more]
Experts Mull
Strategy for Regional Linkage [Dec 19]
"Development of interregional land-sea linkages between the
Kingdom and surrounding countries to promote trade and tourism was
the theme of a workshop that Deputy Minister of Transport Abdul
Aziz Al-Ohali inaugurated here yesterday.. ..The workshop.. ..was
meant to formulate a long-term strategy to develop interregional
linkages within the framework of the WTO regime to globalize trade
and commerce.." [more]
Saudi Study
Finds Shiite State in Iraq [Dec 18]
"Iran has created a Shiite ‘state within a state’ in
Iraq, according to a US newspaper report on Monday. Based on a
security report commissioned by the Saudi government, the
Washington Times reported that Iran provides both logistical
support of armed groups as well as funds for social programmes..
..'Where the Americans have failed, the Iranians have stepped in,'
it said, quoting the report.." [more]
The Hajj:
Keeping Pilgrims Safe [Dec 18]
"Over two Muslims are converging on the holy city of Mecca in
Saudi Arabia for The Hajj, Islam's annual pilgrimage to the
birthplace of the Prophet Mohammad. The ritual has in the past
been plagued by fires, stampedes and occasional riots.. ..However
the Saudi Arabian authorities say they have put into place a wide
range of measures aimed at averting any large scale tragedy. And
say they are prepared to handle any outbreak of sectarian violence
between Sunni and Shi'ite Muslims.." [more]
Saudi Arabia Awaits First Human Rights Report [Dec 18]
"Saudi Arabia is currently awaiting the release of a
comprehensive report on the subject of human rights in the
kingdom, to be issued by the National Association for Human Rights
(NAHR), which is at present finalizing the anticipated report.
Much secrecy has surrounded the report, which is the first of its
kind in Saudi Arabia. According to primary information provided by
NAHR, attempts to soften the tone of the report have been the
cause of its delay.. ..Human rights organizations all over the
Arab world present a report on the state of human rights in the
respective country on an annual basis.." [more]
Sabic
Expansion Scheme Covers India and China [Dec 18]
"Sabic, which expects to produce about 51 million tonnes of
chemicals and steel this year, plans to boost total capacity to
100m tonnes by 2015, building plants in China, India and Saudi
Arabia, and acquiring companies in Europe and the US, Mady said.
It has already committed to development plans worth at least $25
billion to boost capacity by a third to 68m tonnes in 2009, Mady
said. In September, it agreed to buy the European operations of US
chemical maker Huntsman Corp for $700m.." [more]
Abdullah to
Visit Oman [Dec 18]
"King Abdullah, Custodian of the Two Holy Mosques, is
scheduled to pay an official visit next week to the Sultanate of
Oman at the invitation of Sultan Qaboos.. ..King Abdullah’s
visit comes within the sphere of the consultations and
coordination between the two countries on the means to develop and
strengthen bilateral relations. The two leaders would also discuss
the ways to implement the resolutions and results of the
just-concluded Jaber Summit in Riyadh. They will also discuss the
developments in Iraq, Palestine, Lebanon .." [more]
Envoy Calls
for Stronger Riyadh-Tehran Relations [Dec 18]
"A senior Iranian diplomat called for strengthening relations
between Riyadh and Tehran in order to boost political efforts to
solve regional problems. The diplomat made his remarks following
talks with Prince Naif, interior minister; and Prince Salman,
Riyadh governor.. ..Hosseini referred to Iran’s determination
'to develop relations between the two nations as a priority for
foreign policy,' and hoped that by achieving that goal, both
countries would gain fruitful results in line with their national
interests.." [more]
US Court
Throws Out Case Against Saleh Kamel [Dec 18]
" A significant decision by a New York judge last Thursday
dismissed a lawsuit against Saleh Kamel and Albaraka Investment
Bank. The accusations alleged they had been involved in support of
the Al-Qaeda group suspected of backing the 9/11 terrorist
attacks.. ..'This vindicates Sheikh Saleh’s position that he has
nothing to do with financing international terrorism, and that he
thoroughly rejects that concept of international
terrorism'.." [more]
Saudi Stock
Mart Watchdog Says Probing 25 Cases [Dec 17]
"The Saudi stock market regulator said yesterday it was
investigating 25 cases, including alleged fraudulent transactions,
few days after it fined an investor and took the unprecedented
step of publishing his name. The cases include manipulation of
transactions, trading during prohibited periods, providing
unlicensed advisory and portfolio management services without
proper authorisation and trading in stocks that have not been
authorised, said Abdulrahmane al-Tuwaijri, head of the Capital
Markets Authority (CMA).." [more]
Intel, Saudi
IT Drive [Dec 17]
"The Intel Corporation is to support the Saudi Arabian
government's efforts to extend the reach of IT in the kingdom's
schools.. ..Intel and the kingdom's Ministry of Education are to
collaborate on a venture to train 50,000 Saudi teachers on
utilizing technology in the classroom. It is hoped about 1.5m
students will benefit.." [more]
Saudi Speaker
Sees No Curbs on Debate [Dec 17]
"The speaker of the Saudi Shura 'Consultative' Council
stressed that members of the council have a free hand to discuss
and raise any issue they feel is in public interest.. ..'Councils
without powers will not be in a position to raise or discuss hot
issues. In fact, this situation applies to some elected councils
unlike the case of the unelected Saudi council whose members
acquire full powers and are able to discuss and raise all issues
no matter how delicate or sensitive'.." [more]
Politics
Overshadowed Economy in Riyadh GCC Focus [Dec 17]
"The 27th GCC summit in Saudi capital Riyadh last week
succeeded in making little but steady progress regarding the goal
of integrating regional economies.. ..Clearly, regional political
issues allowed GCC leaders meeting in the Saudi capital only tight
room to realise a progress on economic matters. Undoubtedly, the
heads of states could not overlook acute challenges encountering
the entire Middle East region.." [more]
Kingdom Plans
Two More Economic Cities [Dec 17]
"The Saudi government plans to establish two more economic
cities in the north and east of the Kingdom as part of its efforts
to achieve balanced development all over the country, according to
Amr Al-Dabbagh, head of the Saudi Arabian General Investment
Authority (SAGIA).. ..He said the economic city projects,
initiated by his organization, was receiving tremendous support
from the government. The four economic cities are expected to draw
investment worth nearly SR300 billion ($80 billion).." [more]
Rice’s
Questioning of GCC Plan Flayed [Dec 17]
"Saudis have strongly resented US Secretary of State
Condoleezza Rice’s questioning the prospects of civilian nuclear
energy in the Gulf region.. ..Rice questioned why Saudi Arabia
might want nuclear energy and asked for more information about the
Gulf countries’ nuclear energy plans. 'The United States and
Israel are planning to stop the Gulf countries from advancing
technologically, they want us to rely on our agricultural
economy,” responded Dr. Ali Al-Tawati, a political
analyst.'.." [more]
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