Keeping
Track - Recently
on SUSRIS |
|
|
|
|
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
|
 |
 |
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Rollover
image for info |
 |
Rollover
image for info |
 |
~~~~~~~~ [ May 12 ] ~~~~~~~~~
New Economic City in Tabuk [May 12]
"Saudi Arabia’s fifth economic city will be established in the northern city of Tabuk as part of a government plan to promote development all over the country. Custodian of the Two Holy Mosques King Abdullah, who arrived in Tabuk yesterday, is expected to lay the foundation stone for the mega city. King Abdullah has already launched four economic cities — in Rabigh, Hail, Madinah and Jizan — which are to attract foreign and domestic investment worth more than SR300 billion and create more than a million jobs.. ..the new economic cities would contribute $150 billion to the gross domestic product (GDP) by the year 2020. They will also provide job opportunities to 1.3 million people, living environment for 4.5 million people and increase per capita GDP from $13,000 to $33,500.."
[more]
Saudi-Malaysia Ties Growing [May 12]
"The growing close relationship between Saudi Arabia and Malaysia, especially at the leadership level, has seen the increase in tourism activities and the participation of Malaysian companies and workers in the Saudi economy.. ..Several Malaysian companies have participated in Saudi Arabia's construction industry via open tenders and in joint ventures with leading local firms for projects in Riyadh, Jeddah and Mecca.. ..On why Malaysian companies were selected to undertake projects in the country, he said apart from the close relationship between the country's leaders, the Saudis have known Malaysia better not only from tourism activities but also its human capital, information and communications technology (ICT) and engineering capability.."
[more]
~~~~~~~~ [ May 11 ] ~~~~~~~~~
Cheney to Try to Ease Saudi Concerns [May 11]
"Vice President Cheney faces a diplomatic rescue mission tomorrow in Saudi Arabia, where King Abdullah has told top State
Department and Pentagon officials over the past six weeks that the kingdom no longer supports Iraqi Prime Minister Nouri
al-Maliki and does not believe the new U.S. military strategy to secure Baghdad will work, U.S. officials and Arab
diplomats said. The oil-rich kingdom, which has taken an increasingly tough position on Iraq, believes Maliki has proven a
weak leader during his first year in power and is too tied to Iran and pro-Iranian Shiite parties to bring about real
reconciliation with Iraq's Sunni minority, Arab sources said. Assuaging Saudi concerns is the primary reason for the vice
president's trip -- and even a key reason he went to Baghdad this week.."
[more]
King Unveils His Vision of an Ideal Welfare State [May 11]
"Custodian of the Two Holy Mosques King Abdullah said that the Kingdom will have to struggle hard to build an ideal
welfare state. 'We have to wage battles to build an ideal welfare state where nobody is in want, a land of justice and
moderation far removed from hatred and extremism...Clinging firmly to our religion of tolerance seeking help from the
Almighty alone.... Without any tribal or regional fanaticism that is against the values of the religion'.. ..The king set
out on a tour of the north on Monday, underscoring the government’s determination to achieve balanced growth for all
regions of the Kingdom. He launched a host of projects at an approximate cost of SR6 billion in the northern border region
before he arrived in Al-Jouf. Included among the projects was the Northern Border University.."
[more]
Dow Chemical Could Invest $20 Billion in Saudi Arabia [May 11]
"..DOW is close to deal to build a $20 billion petrochemical plant in Saudi Arabia, the Financial Times reported late
Thursday.The deal could be announced Saturday and would be the largest foreign investment in the Saudi energy sector the
paper said.For Dow the deal offers low-cost oil for plastics and for the Saudi Arabian government it would provide
chemicals expertise.." [more]
Saudi Authorities Clear Way for Eight Companies to Issue IPOs [May 11]
"The Saudi Capital Market Authority (CMA) has cleared the way for Makkah-based Jebel Omar Company and seven insurance
companies to issue initial public offerings (IPOs). More than 236 million shares will be floated by the eight companies
which collectively have a capital exceeding seven billion riyals.. ..CMA has set May 19 to 28 as the dates for IPO of the
insurance companies while the public issue of Jebel Omar Company will open on June 9 and close on June 18, said a
statement released by CMA yesterday.." [more]
Saudis Cautious on Investment [May 11]
"Saudi Arabia's reluctance to commit to boosting oil production capacity beyond 2009 is a response to the potentially huge
impact on future demand of energy efficiency, alternative fuels and high prices. Demand uncertainty is providing little
incentive for oil producers to risk investing billions of dollars on long-term projects to boost capacity, as they worry
it will lie idle.. ..Saudi Oil Minister Ali Al Naimi sent the strongest signal yet last week from the the world's biggest
oil exporter that it needs concrete signs of demand before committing to further supply boosts beyond its 12.5 million
barrels per day target in 2009. 'Our feeling now, with the thrust and push for conservation, efficiency and the use of
alternatives, is that we probably need not go beyond 12.5 million bpd'.."
[more]
Opec Urged to Boost Oil Output Amid Shortages [May 11]
"Fears that world oil prices could soar to record levels of $80 a barrel this year emerged today as a leading think-tank
urged Opec to increase global production of crude. The Paris-based International Energy Agency (IEA) gave warning that
unless Opec members pushed up output by more than two million barrels a day in the next six months there would be a
“dramatic” squeeze on oil stocks. The IEA said that gasoline supplies in the US were already at a 16-year low for this
time of year. Pump prices in the US have surged to more than $3 a gallon.."
[more]
~~~~~~~~ [ May 10 ] ~~~~~~~~~
Saudi Prince Gets 10-Year Sentence [May 10]
"Saudi Prince Nayef Al-Shaalan was sentenced in absentia yesterday to 10 years in jail on charges of involvement in a
cocaine smuggling gang, at the outcome of his trial in France. The 53-year-old prince, who is not in line for the Saudi
throne, was one of 10 people handed jail terms of four to 10 years in connection with an operation which landed two tonnes
of cocaine at an airfield outside Paris in 1999. The judge ruled to uphold international arrest warrants against Prince
Nayef and the nine other defendants, who include three former Colombian drugs barons.. .. He is accused of using his
diplomatic immunity to smuggle drugs to France on board a private jet.."
[more]
Saudis Move to Curb Money Laundering [May 10]
"The Saudi Interior Ministry has issued new rules to curb money laundering.. ..The new rules, which is expected to come
into effect soon, stipule that whoever caught laundering money will be imprisoned for up to ten years and fined up to five
million Saudi Riyals. The regulations, a copy of which Gulf News got, states: 'Whoever funds terrorists or terror
organisations is considered to be committing a crime of money laundering.' It also warns financial and other institutions
from dealings with unidentified names.." [more]
Saudi Gas Sector Opens Further to Foreign Investment [May 10]
"Saudi Arabia has announced a further opening of the natural gas industry and is encouraging more foreign investment in
exploratory projects in the natural gas sector. Ali Al-Naimi, Minister of Petroleum, spoke at the Euromoney Saudi Arabia
Conference Wednesday, saying that the Kingdom has been simplifying regulations in order to attract foreign investors.
Around 300 potential investors from 35 different countries participated in Euromoney Saudi Arabia in Riyadh. Al-Naimi said
the Kingdom has already invested SR50 billion in establishing one of the largest networks for the collection and transport
of natural gas.." [more]
Kingdom on Rebound [May 10]
"What a difference a few years can make. For a period of about two-and-a-half years following the attacks of September 11,
the Kingdom of Saudi Arabia appeared to be in serious trouble. Much of the outside world viewed the Kingdom as a hotbed of
extremism, a country that had turned a blind eye towards its support for radical Islamism, and therefore a state that
could not be viewed as a trusted ally.. ..Three years later, the picture has taken a 180-degree turn. Regionally, Saudi
Arabia has assumed a leadership position with regard to many of the issues plaguing the wider Middle East, and recently
hosted the Arab summit for the first time in its history. Far from being ostracised, the Kingdom is basking in new-found
legitimacy and the recognition that its role in calming down regional tensions might be more valuable than ever.."
[more]
Women Bringing Europe, Arab World Closer Together [May 10]
"Women can play a greater role to boost relations between the Arab world and Europe. This was very evident when eight
women from Arab countries recently went to Germany for a program aimed at establishing a network among Arab women and
German women with power. The exchange of ideas was a great opportunity to create better relations between the Arab world
and the West. In addition the exposure to the experiences of German women in politics, business and society was an
incentive for women in the Arab world. The resulting dialogue was a recognition of Arab women as engines for peace and the
knowledge gained was of great support to the endeavors of Arab women to contribute to the economic prosperity of their
countries.." [more]
GE Signs $1b Power Plants Deals in Saudi Arabia [May 10]
"A senior official at General Electric Energy said that the company has signed a second set of agreements worth $1 billion
for major power plant projects in Saudi Arabia, Khaleej Times reported. The official indicated that the projects, combined
with the plans announced in December 2006, represent a total value approximately $2 billion investments for GE in the
KSA.. ..These commitments follow GE's announcement last December that it had signed three contracts valued at more than
$950 million for the Qurayyah, Faras and Riyadh Power Plant No. 8 extension projects in Saudi Arabia.."
[more]
Saudi Schools Launch Project to Fight Extremism [May 10]
"Saudi schools this week begun a 7-day project to refute the takfir ideology and combat extremist thinking that has led to
its supporters turning to youngsters and transforming them into time-bombs that threaten both internal and external
security.. ..Saudi Arabia has outlined an anti-terrorism strategy as part of its firm policy that constitutes the various
underlying foundations and principles of the state—the protection of religion, lives, money, honor, minds, and bringing
about the security of the state and society in accordance with Shariaa law.."
[more]
~~~~~~~~ [ May 9 ] ~~~~~~~~~
Fluor Receives $1 Billion Saudi Contract [May 9]
"Engineering, construction and project management company Fluor Corp. said Wednesday it received a $1 billion contract
from Saudi International Petrochemical Co. Fluor will provide engineering, procurement, construction management and
precommissioning services to the company's new acetyls complex in Jubail, Saudi Arabia. Construction began earlier this
month. Fluor expects to complete the project in December of 2008.. ..Irving, Texas-based Fluor booked the contract in the
first quarter. Shares rose $1.65 to $102.07 in morning trading.." [more]
GCC Will Not Go Nuclear for 15 Years [May 9]
"Plans for the GCC to begin producing its own nuclear power have been given the green light by the International Atomic
Energy Agency, but it will take up to 15 years before any power plant could become operational, according to Kuwait's
Foreign Minister. Speaking to the Al Qabas daily newspaper yesterday, Sheikh Mohammed Sabah Al Salem Al Sabah, said that a
lengthy period of consultation and planning would be required, even if the plan was sanctioned today.. ..The Kuwaiti
Foreign Minister was responding to questions related to an announcement made last December at a GCC heads of state
conference where it was agreed that the GCC would work together on developing a civilian nuclear capability. It was widely
reported at the time that the GCC was flexing its muscles at a time of increasing tension with Iran, and its rapidly
developing nuclear programme.." [more]
Mideast Stalemate is Adding to Tension in Region, says Saud [May 9]
"The continuing stalemate in the Middle East peace process is causing tension in the region, Saudi Foreign Minister
Prince Saud Al Faisal has said. Prince Saud reiterated the Arab commitment to working towards the realisation of a just
and comprehensive peace within the framework of the Arab peace initiative which is based on the principles and decisions
of the international legitimacy.. ..'In our view it [the Arab peace initiative] constitutes a historical opportunity
which we hope would not be wasted,' Prince Saud said.." [more]
Poet Prince Passes Away [May 9]
"Poet, politician and sportsman, Prince Abdullah Al-Faisal Bin Abdul Aziz passed away on Wednesday, following a long
struggle with illness. He was 80. The eldest son of the late King Faisal Bin Abdul Aziz, he grew up in the ruling court
of his grandfather, King Abdul Aziz, the founder of modern day Saudi Arabia.. ..He will be remembered, perhaps, as much
for his words as for his accomplishments, however, as he was considered one the finest poets ever produced by the
Kingdom. 'He was a prince of art, poetry and feelings,' according to Muhammed Ali Qudus, a member of the art and
literature club in Jeddah. 'Artists all over the world lost a great figure.'.."
[more]
Saudi Report: Terror Cell Had Syria Base [May 9]
"One of seven recently exposed Saudi terrorist cells used Syria as a base for coordinating with al-Qaida in Iraq and held
training camps in the desert of neighboring Yemen, a newspaper owned by Saudi Arabia's royal family said Tuesday.. .'One
of the uncovered cells used Syria as a `safe house' for meetings and coordination with active elements of al-Qaida in
Iraq,' Al-Watan said. 'The houses were used for recruiting and testing loyalties of new members, most of whom were
youngsters.' Al-Watan provided no source for its report. In Syria, officials were not immediately available for comment
on the newspaper's claim. U.S. officials have accused Syrian authorities of allowing militants to cross into Iraq to join
the insurgency.." [more]
IDB to Launch $10bn Fund to Fight Poverty [May 9]
"The Islamic Development Bank (IDB), an affiliate of the 57-member Organization of the Islamic Conference (OIC), will
launch a $10 billion solidarity fund to fight poverty in member countries during its annual meeting in the Senegalese
capital Dakar at the end of this month. Twenty-one member countries including Saudi Arabia, Iran, Kuwait, Algeria,
Morocco and Libya have welcomed the project, one of the resolutions passed by OIC leaders during their summit in Makkah
in December 2005, and agreed to contribute to the fund. Saudi Arabia has offered to contribute $1 billion to the fund.."
[more]
Saudi Arabia to Cut Government Spending [May 9]
"Saudi Arabia, the world's largest oil exporter, said it plans to control government spending in a bid to limit inflation
that rose to at least an 11-year high in 2006, spurred by rising food prices and rents. 'Price stability is a challenge
and we are working to make sure the size of spending does not affect economic development,' Saudi Finance Minister
Ebrahim Al Assaf said at a conference in Riyadh. 'We will continue our programme of investment expenditure. The main area
we will look at is current expenditure'.." [more]
China's CNPC Unit Wins Contract from Saudi Basic [May 9]
"China National Petroleum Corp unit, China Huanqiu Contracting and Engineering Corp has won an engineering procurement
construction (EPC) contract from Saudi Basic Industries Corp to build a high-density polythene plant in Saudi Arabia.
The value of the contract is about 300 mln usd.. ..The plant is slated to be operational by 2010 with a designed annual
output of 400,000 tons.." [more]
Saudi Gains for First Day in 5 as Kayan IPO Ends [May 9]
"Saudi Arabia’s main stock index snapped a four-day losing streak yesterday as cash returned to the market after the
Gulf’s second-largest initial public offering ended.. ..Five of seven Gulf Arab markets closed higher, with Saudi
Arabia’s benchmark, the Gulf Arab region’s worst performer this year to Monday’s close, climbing 1.04% to 7,389.48
points. Investors returned to the market after Saudi Kayan Petrochemical Co’s 6.75bn riyal ($1.80bn) IPO ended on Monday,
analysts said.." [more]
Oil Markets Over-Supplied, Refineries are the Problem [May 9]
"World crude-oil markets are 'over-supplied,' and high gasoline prices are the result of few available refineries,
Qatar’s deputy premier and energy minister has said. 'The problem is not the shortage of crude oil,'.. ..Asked whether
the 12-member Opec should increase production to ease gasoline prices, al-Attiyah said he talks with his customers daily
and they do not need more crude oil.. ..Some analysts said oil’s recent slide - its longest losing run since early
September, but not its steepest - was aided by soaring metals markets, which have captured investor attention and limited
any bargain-hunt buying.." [more]
Saudi to Boost Gas Reserves by 40% [May 9]
"Saudi Arabia is stepping up exploration to boost its natural gas reserves by around 40% in the next 10 years as it
prepares to meet rising domestic demand, Oil Minister Ali al-Naimi said on Wednesday. 'We are planning to add in the next
10 years 100 trillion cubic feet to our current reserves of gas,'.. ..Saudi Arabia faces increasing demand for natural
gas from its rapidly growing population and new petrochemical and industrial projects. Domestic gas sales were expected
to rise by 40% through 2012 from the current level of around 7 billion cubic feet per day, Naimi said. The kingdom plans
to drill 186 exploration wells for gas and 332 development wells by 2012.."
[more]
~~~~~~~~ [ May 8 ] ~~~~~~~~~
Cheney to Follow Rice to Middle East [May 8]
"Vice President Dick Cheney is reaching out to moderate Arab leaders for help in bringing stability to Iraq , a mission
that will include pleas for postwar support for minority party Sunnis. Cheney departs Tuesday on a weeklong mission to
the Middle East, right after a visit to the region by Secretary of State Condoleezza Rice.. ..In particular, the senior
administration official said, Cheney will appeal to King Abdullah of Saudi Arabia, King Abdullah II of Jordan and
Egyptian President Hosni Mubarak to use their influence to help rein in Sunni violence against Shiites in Iraq as well as
charting ways to better protect Sunnis from violence at the hands of militant Shiites.."
[more]
Saudi Inflation Rate is a Challenge [May 8]
"Saudi Arabia's finance minister said on Tuesday that keeping prices stable was 'a challenge' and that the kingdom was
striving to make sure that government spending would not impede economic development.. ..Rising rents and food prices,
including a near 60% jump in the cost of fresh vegetables, drove Saudi Arabia's annual inflation rate to 3% in January,
according to official statistics. Saudi inflation remained at 3% in February as prices for food and beverages increased.The kingdom's central bank governor, Hamad Saud al-Sayyari, said today that inflation is 'still under control' at this
rate. 'The initial indication is that it is stabilising but it's too early to make any estimates'.."
[more]
Dialogue is Key to Overcoming Religious Stereotypes, says Saud [May 8]
"Saudi Foreign Minister Prince Saud Al Faisal has said the historic relations between Muslims and Christians can be
traced back to an era before 1450.. ..Prince Saud described the year 1450 as 'a turning point in the European-Arab
communication due to the conjunction of trade routes between Central Asia and the Mediterranean including Bilad Al Sham
(Syria with its present borders, Lebanon, Palestine and Jordan) and Egypt which is the heart of the world.' The Saudi
foreign minister underlined the importance of removing barriers and put aside stereotypes that each party has about the
other.." [more]
Saudi Forex Reserves Hit 937b Riyals [May 8]
"The Saudi Arabian Monetary Agency (Sama), the kingdom's central bank, had consolidated foreign currency reserves of 937
billion Saudi riyals in March, the highest to be recorded since oil prices began rising a few years ago.. ..Generally,
governments work on building their foreign exchange reserves to guarantee the flow of their payments balance and fulfill
their foreign currency overseas debts as well as accumulate hard currency to enable the economy to face any economic or
financial fluctuations. In the case of Saudi Arabia, the move aims to boost the state budgets for the next five years.."
[more]
GCC-EU Free Trade Talks in Final Stage [May 8]
"Negotiations on the proposed Free Trade Agreement (FTA) between the GCC and the European Union (EU) could be finalised
soon, it was revealed yesterday. Visiting Austrian Foreign Minister Ursula Plassnik said she hoped an agreement could be
reached at a GCC-EU conference, set to take place in Saudi Arabia today. The FTA is one of the issues the 27-member
countries will discuss at the one-day event, in Riyadh, along with energy policies and regional security. German Foreign
Minister Frank-Walter Steinmeier, whose country holds the rotating EU and G8 presidencies, will be among those
participating.." [more]
~~~~~~~~ [ May 7 ] ~~~~~~~~~
Saudi Arabia Cuts Crude Prices to Europe, U.S. [May 7]
"Saudi Arabia has cut the price of its all its June-loading crude oil to Europe and the U.S., a trading source said on
Monday. It cut prices to Europe by 20 to 70 cents a barrel, with flagship Arab Light crude set at a $4.40 discount to
BWAVE, down 60 cents from the May price. Saudi Aramco cut prices to the U.S. by a wider $1.40-1.65 a barrel. Arab Light
was set at a $3.10 discount to WTI, down by $1.65 from May.." [more]
GCC Leaders to Hold Consultative Summit in Riyadh [May 7]
"Leaders of the member states of the Gulf Cooperation Council will hold their ninth consultative summit in Riyadh mid-May. The meeting, to review ways of boosting joint GCC work and the latest developments in Palestine, Iraq and Lebanon as
well as Iran's nuclear programme, will be chaired by King Abdullah Bin Abdul Aziz.. ..a GCC diplomatic source underlined
the importance of this meeting due to the critical situation prevailing in the region. He indicated that Iran's nuclear
programme would be given priority in the summit discussions.." [more]
Canadian Booth at Saudi Fair Shut Down Over Female Staffers [May 7]
"The Canadian embassy in Saudi Arabia is protesting a decision to shut down a booth at an education fair in the Saudi
city of Jeddah aimed at wooing Saudi students to Canada because it was staffed by women. 'Such unprofessional incidents
are very damaging to Saudi Arabia's international reputation,' the embassy said in a statement. 'Prior to the event, we
specifically inquired whether women staff would be permitted at the exhibition and we were told by the organizers, the
Al-Harithy Company, that they would.' According to reports in the Saudi Arabian press, members of the Commission for the
Promotion of Virtue and the Prevention of Vice closed down the booth and forced three female Canadian embassy employees
to leave the exhibition.." [more]
Saudi Warns Off Currency Speculators [May 7]
"Six Gulf countries aiming for monetary union by 2010 are committed to their dollar pegs, and speculators betting on
rising Gulf currencies could get their fingers burnt, Saudi Arabia's central bank vice governor Muhammad Al-Jasser said..
..Al-Jasser also said he saw no need to tighten Saudi monetary policy now and added that the country's dollar peg served
the Gulf's largest economy well. Saudi Arabia is one of the six countries in the Gulf Cooperation Council (GCC) which
plans a single currency by 2010. However, this deadline is in doubt. Markets have been piling pressure on Gulf
currencies, betting that some central banks will allow their currencies to appreciate against the falling dollar.."
[more]
Amnesty for Prisoners to Benefit 11,000 [May 7]
"More than 11,000 prisoners, including many Indians, are expected to benefit from an amnesty declared by King Abdullah of
Saudi Arabia.. ..Jail authorities in different regions would start releasing prisoners after receiving the terms and
conditions for the release, he was quoted as saying by the 'Arab News'. 'The pardon covers convicts who do not pose a
danger to security and are not involved in major crimes,' Interior Minister Prince Naif said.. ..About 11,500 prisoners
were released in a similar amnesty by the king last year.." [more]
Saudi Arabian to Build Fleet [May 7]
"Saudi Arabian Airlines is to buy up to 60 new aircraft, and increase its weekly flights to Dubai by 14.. ..The total of
weekly flights between Saudi Arabia and Dubai will now number 44. Heavy demand among business travellers in particular is
expected for the airline’s new morning flights between the two destinations. Al Molhem also confirmed that the airline is
to launch a no-frills arm, as reported by Arabian Business last month.."
[more]
~~~~~~~~ [ May 6 ] ~~~~~~~~~
Saudi Warns Civil War Looms [May 6]
"In the wake of the so-called ‘neighbours-plus’ conference, Saudi Foreign Minister Saud al-Faisal in comments published yesterday said the situation in Iraq was only getting worse and that civil war could break out in the already-divided country. 'The situation in Iraq is only getting worse,' Faisal, who was considered one of the key players in the Egypt conference, told Al-Hayat newspaper. 'We fear that the situation will deteriorate into a civil war.' The conference which ended on Friday was regarded by independent observers as a disappointment.."
[more]
US Replaces Naval Strike Force in Gulf [May 6]
"The US looks determined to reinforce 'gunboat diplomacy' in the Gulf by maintaining a high concentration of its naval firepower, replacing one strike group with another. The Nimitz Carrier Strike Group is set to replace the Eisenhower Carrier Strike Group which, according to the Navy, left the Fifth Fleet operations area and passed through the Suez Canal on Friday.. ..Fifth Fleet, headquartered in Bahrain, is responsible for an area encompassing about 2.5 million square miles and includes the Arabian Gulf, Red Sea, Gulf of Oman and parts of the Indian Ocean.."
[more]
Saudi Opposition Calls for Interior Minister to be Tried [May 6]
"Opposition figures in Saudi Arabia have issued a public call for Interior Minister Prince Nayef Bin Abdul Aziz to face
trial for suspected rights abuses. A letter sent to King Abdullah Bin Abdul Aziz late last month and made public this
week accuses the prince of creating a 'culture of fear' and a 'police state' that prevents political reforms. There is
almost no chance of the minister facing legal action, but the unusual call reflects growing disillusion with slow
progress on promised reforms.. ..The letter accused the interior ministry of relying solely on security measures to
tackle militant violence by Al Qaida sympathisers, and 'supporting a distorted religious discourse that hurts
citizenship, pluralism and tolerance'. 'We ask for the issue of human rights to be opened [for debate].."
[more]
The (Not So) Eagerly Modern Saudi [May 6]
"Saudi Arabia, home of Islam’s holiest sites, flush with oil revenue, and increasingly the most influential player among
Arab countries, has long resisted changing its ultratraditional ways. Now the intrusions of global economics and
technology have begun to challenge some traditions in ways that the country’s idealists could not. And the strain that
this is causing is showing in the form of surprisingly open debate about how much Saudis really want to modernize. While
the notorious religious police still roam this capital city, much is evolving in the way people live. Saudis are suddenly
overwhelmed with credit card debt. Thousands have grown rich, and thousands more have lost large sums, in the stock
market. Foreigners can now invest in the country’s insurance services, mining, railroads, airlines and satellite
ransmission services, all once off limits. Much of this economic activity has been driven by the leaders’ desire to have
Saudi Arabia be more economically competitive, more a part of the modern world beyond its borders.."
[more]
Manage the Crisis [May 6]
"I would not say that the recent discovery of the seven terrorist cells in Saudi Arabia came as a surprise. What has been
revealed was news that was expected at any moment. This is not because of the failure of security and intelligence in
confronting the “Al Qaeda” trend nor was it because of a lack of official willingness to wage a war on the “Al Qaeda”
movement. The conflict between “Al Qaeda” and the Saudi government is a matter of life or death, not a partial conflict
where the opponent could be bargained with or tamed in time.. ..Even though we are not surprised by the recent discovery
in Saudi Arabia, this does not mean that the arrest of these cells was not a significant security achievement; however
the point is that the “roots of the problem” are yet to be addressed.."
[more]
Palestinians Turn Down US Peace Plan [May 6]
"Palestinians yesterday rejected a US proposal that aims to foster peace moves by setting a timetable of reciprocal
security measures with Israel. The Israeli government had already rejected Washington’s plan for a 'timeline' of
'benchmark' steps that included Palestinian forces cracking down on rocket attacks and Israel easing travel restrictions.
'The American plan is rejected and we will work to make it fail by any means,' said Hamas spokesman Fawzi Barhoum. 'The
American administration is concerned about the security of the Israeli occupation and offers no protection to the
Palestinian people.'.." [more]
Business Continuity Keeps Saudi Companies On Track for Future Growth [May 6]
"Four of the technology industry’s leading vendors – Hitachi Data Systems, Juniper, Sun Microsystems, and Symantec –
recently hit the road to undertake a unique initiative and educate Saudi’s business community on the benefits of a
comprehensive business continuity strategy. Focusing on how corporations can overcome operational failures, the four
technology vendors stopped in Saudi Arabia’s three main cities – Riyadh, Jeddah, and Al Khobar – to meet with decision
makers and brief them on the latest strategies and technologies used to ensure business continuity, the practice of
keeping your company functioning no matter the circumstances.." [more]
Citizenship for Expats in Saudi With Science Skill [May 6]
"Saudi King Abdullah has given the green light to granting citizenship to foreign residents with scientific
qualifications, the interior minister was quoted by official media as saying. The king agreed to 'granting Saudi
citizenship to a number of applicants who have scientific qualifications ... and who will hopefully contribute to the
country’s development,'.. ..Unofficial estimates put at 1mn the number of residents potentially eligible for citizenship
of the kingdom, where there are more than 6mn expatriates, mostly Asian, out of a population of 22.6mn.."
[more]
1st Teacher Training Center Coming Up [May 6]
"The Kingdom's first teacher training center will open in the near future under the auspices of two international
teaching accreditation organizations. The Commission on International and Trans-Regional Accreditation (CITA) and the
American English Language Teacher's Association (AELTA) will oversee the opening of the training center in cooperation
with the Saudi Ministry of Education. The announcement comes on the heels of a teacher's training program held at the end
of April in Jeddah, in which 100 teachers from over 75 schools in the Kingdom participated. The one-day event introduced
numerous up-to-date teaching techniques that are widespread in the West.."
[more]
Click
here to read the "News-This Week."
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 >
|
 |
|