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~~~~~~~~ [ Jan 19] ~~~~~~~~~
Bush Fails to Persuade Arab Allies [Jan 19]
"Even as smiling members of the Saudi royal family feted President
Bush and his entourage this week, presenting the lame-duck leader
with an ornamental sword, Saudi Arabia's most prominent
English-language daily stabbed him with a pen over his aggressive Iran
policy. 'Whatever threat Iran may constitute, now or in the future,
must be addressed peaceably and through negotiations,' said an
unsigned editorial in Tuesday's Arab News. 'In his confrontational remarks
about Iran, [Bush] offers no carrot, no inducement, no compromise --
only the big U.S. stick,' it said. 'This is not diplomacy in search
of peace. It is madness in search of war.'.." [more]
9/11 Lawsuit Against Saudis Argued Anew [Jan 19]
"After years of legal maneuvering, a huge lawsuit against the
government of Saudi Arabia and key members of its royal family was
put to a crucial test yesterday as lawyers for victims of the Sept.
11, 2001, attacks urged a federal appeals court to reinstate the
government of Saudi Arabia as a defendant. The Cozen O'Connor law
firm of Philadelphia was the first to file suit against the government
of Saudi Arabia in 2003, alleging that the desert kingdom bears
responsibility for the attacks because it permitted Islamic
charities under its control to bankroll Osama bin Laden and his
global terror movement.." [more]
UN Committee Questions Saudi on Women’s Rights [Jan
19]
"Saudi officials have been questioned by the UN on the country’s
record on gender-equality, according to an account of the UN
meeting published in Geneva yesterday. At its opening session on
Thursday the 23-member committee of experts — most of them women —
that monitors implementation of the UN treaty to combat
discrimination against women quizzed the Saudi delegation on the
condition of women in the kingdom.. ..Adopted by the UN General Assembly
in 1979, the Convention on the Elimination of All Forms of
Discrimination against Women, has been ratified by 185 states which
must regularly report on how they are implementing its provisions. Members
of the committee asked the Saudi delegation why Saudi women do not have
the right to drive.." [more]
Saudi SABIC Q4 Profit Rises, Below All Forecasts [Jan
19]
"Saudi Basic Industries Corp. 2010.SE (SABIC) made a fourth-quarter
profit of 6.87 billion riyals ($1.83 billion), up 12.3 percent from
the year-earlier period, missing all analysts' forecasts. Analysts'
forecasts for SABIC's fourth-quarter profit ranged from 8.38 billion
riyals to 9.1 billion riyals in a Reuters net profit survey last
month. SABIC, the world's largest chemicals company by market
value, reported a net profit of 6.12 billion riyals in the fourth
quarter of 2006.." [more]
Over US$1 Trillion Committed to Developing the
Region’s Leisure Landscape [Jan 19]
" staggering US$1.006 trillion (US$1006 billion) has been committed
to Leisure projects across the region. Development of the
‘Leisure Landscape’ is a critical part of a total travel and tourism investment
of $3.63 trillion encompassing hotels, leisure projects, aviation
developments, cruise lines, tourism promotion and supporting
infrastructure, across the Middle East, according to the latest
findings of a major region wide research programme unveiled today. The
Middle East Leisure Landscape 2020 is the latest report from a
groundbreaking research study by the think tank Fast Future and
Global Futures and Foresight (GFF) on the Future of Travel and Tourism
in the Middle East. The study covers 13 Middle Eastern countries
for the period to 2020.." [more]
~~~~~~~~ [ Jan 18] ~~~~~~~~~
President Bush Questions Saudi Ability to Raise Oil
Supply [Jul 18]
"In an ABC Nightline interview, President Bush recently said of
Saudi Arabia, 'If they don't have a lot of additional oil to put on the
market, it is hard to ask somebody to do something they may not be able
to do.' According to TheOilDrum.com, this statement seems to indicate
that George W. Bush, like many others, is skeptical of Saudi oil
production claims. Forecasts of future world oil production by official
organization like the IEA and the EIA assume OPEC can increase
production by any desired amount; if OPEC's capability is limited,
official production forecasts are optimistic because they are based on false assumptions.. ..If George Bush were the only one making statements
about oil production problems, one might attribute his statement to a
misunderstanding, or a slip of the tongue. We find, however, that the
Wall Street Journal quoted Alan Greenspan on December 15, 2007, as
saying that global oil supply peaked earlier and lower than previously
contemplated.." [more]
Saudi Arabia and Syria Spar Over Lebanon [Jan 18]
"Arab League mediation on the presidential vote deadlock continued
on Thursday even as Saudi Arabia and Syria got embroiled in a new row
over Lebanon.. ..The meeting took place hours after Syria hit back at
Saudi Arabia for criticising its role in Lebanon, saying Damascus could
not force its Lebanese allies to accept a solution to the country's
crisis.. ..'Reaching consensus in Lebanon is a joint Arab
responsibility,' he said. 'Saudi Arabia plays a big role in Lebanon. It
has allies who boast about their alliance with Saudi Arabia,'.. ..The
comments came as an apparent response to Saudi Foreign Minister Prince
Saud Al Faisal's earlier call to Damascus to use its influence with its
allies in the Lebanese opposition to carry out the Arab League plan to
deal with the Lebanese crisis.." [more]
Saudi Arms Corruption Denied [Jan 18]
"Claims British civil servants had 'connived' in corrupt arms deals
with Saudi Arabia for more than 30 years have been denied by Defence
Secretary Des Browne. But recently-discovered documents in the National
Archives show Ministry of Defence officials made clear in 1976 the
Saudis expected "appropriately discreet arrangements" to be
made for payments. The then head of defence sales at the MoD, Lester
Suffield, said that although they were described as 'technical
consultancy' fees, they were designed to 'sway' decisions on the award
of arms contracts.. ..Asked whether, since the 1970s, British civil
servants have been 'aware of, connived at, and have facilitated defence
exports to Saudi Arabia tainted with corruption', he reiterated the
MoD's assertion that such claims were 'totally unfounded'.." [more]
Japan's Mizuho Corporate Bank Considers Establishing
Base in Saudi Arabia [Jan 18]
"Mizuho Corporate Bank is considering setting up a local unit in
Riyadh, Saudi Arabia to target the growing wealth in the region due to
surging crude oil prices, the Sankei Shimbun reported in its Friday
morning edition. The institutional banking unit of Mizuho Financial
Group Inc. (8411.TO) could set up an office in Saudi Arabia as early as
this year, provided approval can be obtained from the Saudi authorities,
the report said. This would mark the first time that a major Japanese
bank has set up a unit in Saudi Arabia.." [more]
Arabian American Development Company's ALAK Joint
Venture Receives Commercial License [Jan 18]
"Arabian American Development Co. today announced that the
Company's joint venture, Al-Masane Al-Kobra Mining Company (ALAK), has
received its official Commercial License dated January 15, 2008 from the
Saudi Arabian Ministry of Commerce. The license formalizes the
establishment of the joint stock company and allows it to conduct
business in the Kingdom. ALAK has scheduled a meeting of the Board of
Directors for January 26, 2008 in Jeddah, Saudi Arabia.. ..Arabian
American owns and operates a petrochemical facility employing about
150 people located in southeast Texas just north of Beaumont,
specializing in high purity petrochemical solvents and other solvent
type manufacturing. Arabian American also has a mining project in the
Al-Masane area of Saudi Arabia which is under development and is
expected to produce economic quantities of zinc, copper, gold, and
silver when it is put into production. There are about 20 employees at
the mine site.." [more]
Saudi Ambassador Participates in New Delhi Symposium
2 [Jan 18]
"The Ambassador pointed out that a just and comprehensive peace in
the region can only be achieved through full Israeli withdrawal from the
occupied Palestinian and Arab territories in addition to the
establishment of an independent Palestinian state with full sovereignty
over the Palestinian territories as well as finding a just solution to
the problem of Palestinian refugees.. ..The Symposium was attended by
Indian Minister of State for External Affairs E. Ahmed and a number of
Arab ambassadors accredited to New Delhi.." [more]
Saudi Higher Education Reforms Raise Questions [Jan
18]
"..Under the leadership of reform-minded King Abdullah, the country
has begun a massive overhaul of its higher education system. The Higher
Education Ministry has opened more than 100 new universities and
colleges in the past four years, funded by a $15 billion budget.. ..But
critics both inside and outside the kingdom are skeptical that these new
universities, even with Western faculty and Western-designed curricula,
will be able to flourish in the restrictive Saudi environment.. .. 'If
you want to build a Western-style university in Saudi Arabia, you have
to remember that these institutions prospered because of the freedom of
those societies. You have to be comfortable asking questions.' Even the
special status accorded to KAUST by King Abdullah's sponsorship may not
be enough to protect it from adversarial forces in Saudi society.."
[more]
Saudi Markets Have Right Ingredients for Growth [Jan
18]
"The Saudi Arabian securities market is expected to witness a
positive momentum throughout 2008, according to UAE-based investment
bank Shuaa Capital. Shuaa said in its report on the Saudi equity
markets, titled Vision 2008, that the gains are likely to be driven by a
stronger earnings growth and a benign economic environment, supported by
burgeoning optimism in the market at a time of lower interest rates and
accumulating liquidity. The report forecast nominal gross domestic
product (GDP) will grow at about 16 per cent to reach $435 billion
(Dh1.59 trillion), with real growth of about 7.3 per cent. The Saudi
equity market managed to record a convincing recovery in 2007
culminating in a 41 per cent gain for the benchmark Tadawul All Share
Index.." [more]
SR654m to Be Disbursed to Fight Cold [Jan 18]
"Custodian of the Two Holy Mosques King Abdullah ordered aid worth
SR654 million to be distributed among social security beneficiaries to
help them live through the extreme cold weather in the Kingdom, Minister
of Social Affairs Abdul Mohsen Al-Akkas said yesterday. The royal order
specified that the aid, in addition to the regular handouts, was to buy
winter clothes to help people overcome the severe cold.. ..Since the
beginning of this month, the ministry disbursed SR815 million in social
security benefits, he added. At least 10 people and hundreds of animals
have died as a result of unprecedented cold weather in different parts
of the Kingdom.." [more]
~~~~~~~~ [ Jan 17] ~~~~~~~~~
UN Watch Challenges Saudi Arabian Testimony to UN
Women’s Rights Panel [Jan 17]
"UN Watch expressed disappointment that Saudi Arabia today used its
first appearance before a UN expert panel on women’s rights to mask
the pervasive discrimination against women in the desert kingdom.
'Instead of sending massive delegations to the UN to pretend that Saudi
women are not treated like chattel, Riyadh should focus on reforming the
kind of discriminatory laws that sentence women rape victims to 90
lashes, and double if they appeal,' said Hillel Neuer, executive
director of the Geneva-based monitoring group. As a newly elected
member of the 47-nation UN Human Rights Council, said Neuer, 'it is high
time for Saudi Arabia to live up to its solemn undertakings under
international law to respect women’s equality.'.." [more]
Lee Visits Saudi Arabia From Jan 17-23 [Jan 17]
"Minister Mentor Lee Kuan Yew is visiting Saudi Arabia – namely,
the cities of Jeddah and Riyadh – from 17 to 23 January. In Jeddah, MM
Lee will meet senior government officials and be briefed on the King
Abdullah Economic City. In Riyadh, Mr Lee will be speaking at the Global
Competitiveness Forum, which is organised by the Saudi Arabian General
Investment Authority. He will also meet members of the Saudi royal
family, senior officials and leading businessmen.." [more]
Syria-Saudi Row Erupts Over Role in Lebanon [Jan 17]
"Syria hit back at Saudi Arabia yesterday for criticising its role
in Lebanon, saying it could not force its Lebanese allies to accept a
solution to the political crisis there. “Dealing with Syria as if it
was still in Lebanon or as if its allies are a tool represents an insult
to a large proportion of the Lebanese,” Information Minister Mohsen
Bilal told reporters. 'Reaching consensus in Lebanon is a joint Arab
responsibility. Saudi Arabia plays a big role in Lebanon. It has allies
who boast about their alliance with Saudi Arabia,'.." [more]
Women Work Force Key to Kingdom’s Advancement [Jan
17]
"The lack of employed women in the Saudi labor force creates an
imbalance in which only thirty percent of the population provide
financial support to the great majority, said chairman Saleh Al-Turki of
the Jeddah Chamber of Commerce and Industry (JCCI) yesterday. 'Even in a
country like South Africa, women’s participation in the job market is
higher than any other country in the Middle East,' he said. 'In order to
achieve competitiveness of economy, we need a highly qualified labor
force to increase productivity and therefore increase the general income
of the country,' Al-Turki said during a presentation at the JCCI on
the importance of working women in Islamic history. He noted that to be
able to achieve economic competitiveness, employment should be based on
qualifications and not on gender.." [more]
Lower Inflation: Saudi Arabia [Jan 17]
"Saudi economists have stated inflation is set to lessen in the
second half of this year despite continued price increases for rent and
essential food products. Economists in the kingdom have said they
believe a reduction in global inflationary pressures and domestic supply
bottlenecks will ease the problem in the latter half of 2008. Record
levels of price increases have caused concern among the government and
public alike. Inflation reached 4.4% by the end of 2007, up from 2.2%
the previous year. Some larger cities have endured levels as high as
6%.. ..according to the ministry of commerce and industry, prices of
food products - a prime indicator of inflation, particularly for middle
income families - could go up by a further 20% to 30% this year due to a
worldwide shortage.." [more]
Lotus Engineering To Help Saudi Arabia Rev Up Its
Nascent Auto Industry [Jan 17]
"All eyes may have been on the Motor City this week, but Lotus
Engineering has turned its firepower in another direction: toward Saudi
Arabia. Lotus Engineering on Wednesday announced that it has entered
into a joint cooperation program with the King Abdulaziz City for
Science and Technology (KACST) "with the intention to promote the
establishment of an ecologically driven automotive technology capability
in the Kingdom of Saudi Arabia." In other words, Saudi Arabia
apparently has ambitious plans to develop a Middle Eastern version
of Detroit.." [more]
~~~~~~~~ [ Jan 16] ~~~~~~~~~
U.S. Lawmakers Try to Stop Boeing Sale to Saudis [Jan
16]
" U.S. lawmakers announced legislation on Tuesday to block a
planned sale of Boeing Co bomb-guidance kits to Saudi Arabia and said
they would urge the chairman of a key House panel to allow a vote.
Calling the Bush administration's plans to sell the sophisticated
weaponry to Saudi Arabia 'folly,' Democratic Representatives Anthony
Weiner and Robert Wexler said Riyadh had been more of an enemy than an
ally in the war on terror. They have 51 co-sponsors in the 431-member
House for their resolution to block the $123 million transaction. But
they acknowledged they faced an uphill battle, because the chairman of
the House Foreign Affairs Committee, Rep. Tom Lantos, has said he has no
plans to schedule such a resolution for a vote, bottling it up in the
committee.." [more]
Saudi Arabia, US Reiterate Support for Arab Peace
Plan in Lebanon [Jan 16]
"Saudi Arabia and the United States have reiterated their support
for the Arab League peace plan for Lebanon and called for electing the
candidate with the national consensus. Saudi Foreign Minister Prince
Saud Al-Faisal and his US counterpart Condoleezza Rice condemned, in a
joint press conference Tuesday, the blast which occurred in Beirut and
targeted a US embassy vehicle driving along the northern seaside highway
out of Beirut. He said that the incident will have no effect on the
Arab peace plan for Lebanon. For her part, Rice underlined the common
denominators between the Saudi and US visions for peace in the area. She
called for 'letting the Lebanese elect their president because the
situation in Lebanon requires a president to be there.'.." [more]
Saudi Dec Inflation Hits 6.5 Pct as Rate Cuts Loom
[Jan 16]
"Saudi inflation hit 6.5 percent in December, its highest level in
at least 12 years, leaving the world's top oil-exporter with negative
interest rates as its central bank faces the prospect of matching more
U.S. rate cuts. Inflation in the largest Arab economy, which has been
rising since May, accelerated from 6 percent year-on-year in November
when rents surged more than 15 percent, data provided by the Central
Department of Statistics showed on Wednesday. The cost of living index
was 110.2 points on Dec. 31 compared with 103.5 points a year earlier,
an official at the Ministry of Economy and Planning said, declining to be identified. He would not give details. The central
bank is constrained in the fight against inflation by the riyal
currency's peg to the dollar, which forces it to track U.S. monetary
policy at a time when the U.S. Federal Reserve is cutting interest
rates.." [more]
Saudi Landbridge Contract to be Awarded by March 2008
[Jan 16]
"The Saudi Railways Organization (SRO) is expected to award the
estimated US $5 billion BOT contract for the Landbridge project within
the next two months according to one of the bidding consortia. Bids for
the project are currently under evaluation. Four bidders that were
pre-qualified to participate in the tender for the Saudi Landbridge
Project have submitted their bids.. ..It will have the capability to
move large quantities of cargo over long distances at competitive rates
and will offer safe and comfortable overland passenger transport. The
Landbridge will connect the port cities of Jeddah, Dammam and Jubail and
will pass through the capital city Riyadh, serving its dry port.."
[more]
Oil Output Hike Only If Justified – Naimi [Jan 16]
"Saudi Arabia will increase crude output if such a rise is
justified, Oil Minister Ali Al-Naimi said Tuesday, a day after visiting
US President George W. Bush said on arrival here that high oil prices
were hurting the US economy. 'We will raise production when the market
justifies it, this is our policy," Al-Naimi said at a press
conference. "OPEC in its forthcoming meeting will of course look at
all the available data such as the projected demand, the supply
available and particularly the world inventory levels and decide
accordingly,' Naimi said. OPEC is due to meet in February under pressure
to calm prices after shrugging off calls to increase output at its
last meeting in December.." [more]
Kingdom Represents 65% of GCC Pharmaceutical Market
[Jan 16]
"Saudi represents 65 percent of the $2.7 billion GCC pharmaceutical
market, Pharma World Holdings — the first 3PL provider within the GCC
— said yesterday. Of the $1.7 billion Saudi market, therapeutic
classes make up 80 percent, with systematic hormones making up $291
million, Alimentary T & metabolism represent $260 million,
respiratory system comprises $162 million, G.U. system & sex
hormones make up $145 million, nervous system covers $128 million,
cardio system makes up $121 million and musculo-skeletal system
constitutes $111 million, Pharma World said in a statement.." [more]
~~~~~~~~ [ Jan 15] ~~~~~~~~~
President Bush Presents Major Arms Sale To Saudi
Arabia [Jan 15]
"US President George Bush, on his first visit to Saudi Arabia,
presented a major arms sale Monday to the Saudi monarch as part of the
US strategy to bolster the defenses of oil-producing Gulf nations
against threats from Iran. Bush's talks with Saudi King Abdullah at his
palace in Riyadh over dinner, were continuing until late on Monday, and
are expected to cover peace between Israelis and Palestinians, democracy
in the Middle East and rising crude oil prices. Saudi Arabia accounts
for almost one-third of OPEC's total output.. ..Saudi Arabia and
other Gulf states with majority Sunni Muslim populations, have deep
concerns about growing military ambitions of neighboring Shiite Iran and
its apparent designs to establish itself as a major power in the Middle
East.." [more]
Bush Pushes Saudis for Help With Rising Oil Prices
[Jan 15]
"President Bush used his visit to Saudi Arabia on Tuesday to push
for increased oil production to help the U.S. economy by forcing fuel
costs down. Oil prices have peaked at $100 a barrel and are hovering
just below triple digits, adding to fears that historically high fuel
prices could help push the U.S. economy into recession.. ..King Abdullah
huddled with Bush on Monday night, and the two leaders were to meet
again Tuesday. 'We've got a lot of things to talk about, but I want to
assure you it's in the spirit of friendship,' Bush said. The president
also was expected to attend a "Roundtable with Saudi Entrepreneurs"
hosted at the U.S. Embassy.." [more]
This Is Not the Time for Provocation: Saud [Jan 15]
"Saudi Arabia yesterday expressed its reservations about what it
termed 'provocative' statements by US President George W. Bush on Iran
during his current Gulf tour. 'I am talking about Saudi Arabia’s point
of view. This is not the time for any provocation in the region,' said
Foreign Minister Prince Saud Al-Faisal while replying to a question
about statements made by Bush in various Gulf countries regarding Iran.
Bush, who arrived in the Kingdom yesterday after visiting a number of
Gulf countries, described Iran as a global threat. Prince Saud said: 'We
hope that Iran will comply with the demands of the International Atomic
Energy Agency (IAEA). These are our wishes but things are not in our
hands.'.." [more]
Saudi Prince Alwaleed Confirms Added Citigroup
Investment [Jan 15]
"Saudi Prince Alwaleed Bin Talal, a longtime Citigroup Inc. (C)
shareholder, confirmed his participation in Citigroup's $12.5 billion
private placement and public offering of preferred shares. The size of
Prince Alwaleed's investment is in line with maintaining direct and
indirect interest below the 4.9% ownership threshold, according to a
release from his private office. This is the second time Prince Alwaleed
has contributed capital to strengthen Citigroup's balance sheet, after
pumping $590 illion into what was then known as Citicorp in 1991.
Currently, Kingdom Holding, which is 95%-owned by Prince Alwaleed, owns a
3.6% stake in Citigroup.." [more]
Naimi Says OPEC Will Raise Output When Required [Jan
15]
"Saudi Oil Minister Ali al-Naimi said OPEC will take crude-oil
stockpiles in consuming countries into account when making its next
output decision and will raise production if required. The Organization
of Petroleum Exporting Countries 'will raise production when the market
justifies it'.. ..Saudi Arabia has held back about 2 million barrels a
day of oil that could be supplied to the market if needed, Naimi said.
Crude oil futures traded near $94 a barrel as analysts forecast that
crude inventories rose in the U.S. for the first time in nine weeks. Oil
has fallen about 6 percent from its record of $100.09 a barrel on Jan.
3.." [more]
Apostolic Vicar to Saudi Arabia on Religious Freedom
[Jan 15]
"On Monday Pope Benedict XVI received a first delegation in private
audience here at the Vatican. Among them Bishop Paul Hinder, Apostolic
Vicar to the Gulf Nations including the Kingdom of Saudi Arabia. Bishop
Hinder spoke about the challenges facing the Church in the region and
the historic 2007 meeting between Pope Benedict XVI and of King Abdallah:
'I think King Abdullah’s visit to the Pope was a very very strong sign
also, for the country itself, it was reported in national press, which
wouldn’t have happened without agreement from top levels that the
general public could be shown pictures of the Pope with the cross. These
are signs which show a certain will, or intention to greater 'opening'.
Now of course we, especially Europeans, we have a tendency to expect
fruits immediately, I don’t think that’s the right way to approach
the Arabian world and especially not Saudi Arabia, where we have to do
with a very complex situation where it takes time and patience. There
might be two steps forward and in certain situations there might also be
a step backwards.." [more]
Return to Reason, Mr. President [Jan 15]
"..it is important that America portrays itself as the country that
it really is — one that lives up to its Jeffersonian and Lincolnian
principles. As for the Palestinians, set them free and prevail upon your
friends and the Israeli lobby that Israel has no choice but to withdraw
from the West Bank and Gaza — not to indulge the Palestinians but to
save itself . The solution to the Palestine problem will go a long
way to bring peace. The world is changing; America is changing. The
Palestinians want freedom and they should get it. America can play a
great role. We in the Gulf want to progress and, here too, a US role is
important — not by intolerable military assault but by economic and
diplomatic means. Mr. Bush, the time has come for you and America to
play a historic role in letting down the curtain so a new act can
follow, that can bring peace and prosperity for all.." [more]
~~~~~~~~ [ Jan 14] ~~~~~~~~~
Bush Arrives in Saudi Arabia [Jan 14]
"US President George W. Bush arrived in Saudi Arabia on Monday on
the latest leg of a regional tour aimed at fostering Middle East peace
and isolating Iran. Bush, on his first visit to Saudi Arabia as
president, was greeted on arrival by King Abdullah. The two leaders
embraced before their national anthems were played and then reviewed the
troops. The president aims to rally support from the regional powerhouse
for his campaign to isolate archfoe Iran and for his target of an
Israeli-Palestinian peace deal by the January 2009 end of his term in
office. During a visit of less than 48 hours, Bush and Abdullah were to
dine and then hold talks at the Riyadh palace which also serves as the
king's personal residence.." ]more]
Bush Seen Facing Difficult Talks During Riyadh Visit
[Jan 14]
"Saudi King Abdullah hosts US President George W Bush at his ranch
outside Riyadh today, but despite the intimacy of the setting the two
allies face “difficult talks” on Iran and the Middle East conflict,
analysts and diplomats say. Saudi officials have expressed alarm at the
mounting war of words between Washington and Tehran and pointedly called
for restraint on both sides when a naval confrontation at the entrance
to the Gulf sparked a new flare-up earlier this month. The king is also
set to rebuff Bush’s call – issued in Israel on the first leg of his
week-long Middle East tour – for Arab nations to 'reach out' to the
Jewish state.. ..Foreign Minister Prince Saud al-Faisal set the tone on
Wednesday when he said that the kingdom wants to maintain peaceful ties
with Iran, despite the new tensions between Washington and
Tehran.." [more]
France's Sarkozy Offers Saudi Arabia Nuclear Help
[Jan 14]
"French President Nicolas Sarkozy has offered Saudi Arabia help in
developing peaceful nuclear energy at the start of a Gulf tour he hopes
will secure billions of dollars in contracts for French firms.. ..Sarkozy,
who has already signed civilian nuclear deals with Arab oil producers
Algeria and Libya, has made no secret of his view that all states have a
right to atomic power. 'I have often said that the Muslim world does not
have less right than the rest of the world to use civilian nuclear power
to meet its energy needs in full conformity with the obligations that
derive from international law,'.. ..The Gulf Cooperation Council -- a
loose economic and political alliance of six Gulf Arab states including
the UAE -- said last year it was studying a joint nuclear energy
programme and has been in touch with the U.N. atomic energy watchdog
about cooperating over such a scheme.." [more]
Pursuing Happiness Behind the Veil [Jan 14]
"To be the American wife of a Saudi is to forsake familiar freedoms
— or enjoy them secretly — in exchange for a secure, family-centered
life.. ..For American women married to Saudi men, such is life in this
exotic, repressive and often beguiling society where tribal customs and
religious fervor rub against oil wealth and the tinted-glass skyscrapers
that rise Oz-like in the blurry desert heat. This is not a land of the
1st Amendment and voting rights.. ..Many American women, including those
who converted before they arrived, have embraced the Koran; for others,
the adoption of Islam is a pantomime act, the disguise of a second self
to hold them over until they peel off their head scarves and travel to
the U.S. for summer vacations. For both kinds of women, it is a life of
sacrifices and measured victories.." [more]
OPEC Would Raise Oil Supply if Needed [Jan 14]
"OPEC will raise oil output if needed at meetings on Feb. 1 and
March 5, but supply is enough for now and speculation is the biggest
factor driving prices, OPEC's secretary-general said on Monday. The
Organization of the Petroleum Exporting Countries has blamed reasons
beyond its control, such as speculation and political tension, for a
surge in oil prices that hit $100 a barrel for the first time earlier
this month. 'We are sure there is enough supply in the market,' OPEC
Secretary-General Abdullah al-Badri said in an interview at the group's
Vienna headquarters. 'The ministers would not be hesitant to increase
production if the market is in need of more oil,' he said, adding none
of the OPEC member states would like to see a slowdown in the world
economy.." [more]
Saudi Arabia, EU Near Accord to Curb Fake Products
[Jan 14]
"Saudi Arabia and the European Union are holding talks on
protecting their products in both markets. 'The talks are in the final
stages,' Dimitrios Michas, Greek counsellor for economic and commercial
affairs in Jeddah was quoted as saying by Arab News during the
latter’s stay at the Greek island as a guest. He said the agreement
would protect several important Saudi and European products in both
markets. 'After this accord, we’ll not allow the circulation of fake
Madinah dates in European markets.'.. ..The move to sign the new accord
comes at a time when GCC and EU officials are putting final touches on a
long-awaited free trade agreement, which is expected to boost trade
between the two. At present GCC countries import products worth 47.4
billion euros from Europe, accounting for one third of the total
imports. The GCC represents EU’s fifth largest trading partner.."
[more]
246 Saudis Slipped Into Iraq in 2 Years [Jan 14]
" Data seized by US forces in Iraq reveal that 246 of 600 foreign
militants smuggled into the country for so-called jihadist operation
over the past two years were from Saudi Arabia, the Arabic daily Al-Hayat
reported. The militants were reportedly smuggled across the Syrian
border to join insurgents in Iraq fighting to establish the so-called
'Islamic state of Iraq.' The report said most of the volunteers were
recruited from their home countries through contacts in mosques and
universities or at the workplace. Some were reportedly recruited in
Makkah during the Haj or via the Internet. The paper attributed the
information to forms confiscated by the US army some time ago during
military raids on militant sites in Iraq. The forms contained the full
names of the recruits, telephone numbers of their relatives and friends
who enlisted them, names of the persons in Syria who received them on
arrival, and the names of those who helped smuggle them into
Iraq.." [more]
Saudi to Keep Crude Sales to Asia Full for Feb [Jan
14]
"Top oil exporter Saudi Arabia will supply full contracted volumes
of crude to Asia for February, steady to January levels as expected,
three lifters said on Monday. 'We got no cut on our February Saudi grade
liftings. We got the volume we nominated,' a lifter said, adding that
there would be no additional volumes. Three lifters said they had yet to
receive an official notification of full volumes.." [more]
Imminent Accession of Yemen as Seventh State in GCC
[Jan 14]
"Secretary-General of the Gulf Cooperation Council (GCC) Abdul-Rahman
al-Attiyah pointed to the imminent accession of Yemen as a seventh state
in GCC. The Saudi al-Jazeera daily quoted al-Attiyah as saying that the
Saudi King Abdullah bin Abdul-Azizi's initiative to the GCC leaders to
accept Yemen's accession in the Gulf council was approved by all the
leaders.." [more]
~~~~~~~~ [ Jan 13] ~~~~~~~~~
How The Arab Press Sees Bush Trip [Jan 13]
"The President of the United States arrives in the Middle East
saying he's trying to make peace one more time. At home, in a week of
big political news, the story fights for airtime. But in the Middle
East, on the growing galaxy of state and independent television
channels, it was 'all Bush, all the time.' And, depending what you were
watching, you could have been forgiven for wondering if what you were
seeing was the same event. If beauty is in the eye of the beholder, so
is news.. ..Hisham Melhem works in the new growing world Arab media.
'The media landscape has changed radically in a revolutionary way,' he
said. 'Today we have more than 250 satellite television stations, we
have 19 new radio stations in the last few years. We have a different
media reality that is taking shape in the Arab world, and the
powers-that-be cannot ignore it'.." [more]
Sarkozy Begins Gulf Tour in Saudi Arabia [Jan 13]
"French President Nicolas Sarkozy flew in to Saudi Arabia on Sunday
at the launch of a three-nation Gulf Arab tour, ready to share France's
expertise in nuclear technology. He landed in Saudi Arabia as US
President George W. Bush tours the region to rally support for his
policy of isolating Iran over its controversial nuclear activities.
Sarkozy is on his first trip to the region since taking office in May
and will visit three energy-rich Gulf states.. ..Sarkozy described Saudi
Arabia as a key ally of France and a 'pole of moderation and stability'
in a troubled region. The aim of the visit to 'is to give a new dimension
to our strategic partnership with Saudi Arabia,'.." [more]
Bush to Unveil $20bn Saudi Arms Deal [Jan 13]
"The Bush administration is set to announce a $20 billion advanced
weaponry deal with Saudi Arabia and other Gulf states on Monday in an
attempt to win support from the region for further sanctions against
Iran. The weapons deal, which was first announced in July 2007, was
postponed over opposition from the US Congress, but the administration
is expected to notify Congress on Monday of its intent to conclude the
deal as the US president lands in Riyadh as part of his regional tour..
..The deals are designed to support US allies in the Middle East as a
counterweight to regional power Iran, with the Bush administration
stating last year that the common goal of the military aid packages and
arms sales was to strengthen pro-Western countries as Iran seeks to
extend its power in the region.." [more]
NUS President to Leave Post and Lead New Saudi
University [Jan 13]
"Professor Shih Choon Fong has been chosen to lead a new research
university in Saudi Arabia. The President of the National University of
Singapore will leave NUS at the end of 2008. Professor Tan Chorh Chuan
has been named as his successor. By 1 December 2008, 62-year-old
Professor Shih will assume his duties as the Founding President of King
Abdullah University of Science and Technology (KAUST). He was picked by
the Chairman of the university's Board of Trustees, Mr Ali Ibrahim Al-Naimi, after
an extensive international search among top academic research leaders.
KAUST is touted as a 'world-class, graduate-level scientific research
university', which is still under development in Saudi Arabia.." [more]
Israel to Get Smarter US-Made Bombs Than Saudis [Jan
13]
"The United States has agreed in principle to provide Israel with
better 'smart bombs' than those it plans to sell Saudi Arabia under a
regional defence package, senior Israeli security sources said on
Sunday.. ..The plan has angered Israel's backers in Washington, who say
the JDAMs, which give satellite guidance for bombs, may one day be used
against the Jewish state .. ..Israeli Prime Minister Ehud Olmert's
government dropped its objections to the proposed Saudi deal in July
after securing U.S. military aid grants worth $30 billion over the next
decade. Two Israeli security sources said the United States further
mollified the Olmert government with an 'understanding in principle'
that future JDAM sales to Israel would include advanced technologies not
on offer to Saudi Arabia.." [more]
No Saudi Launchpad for Attack [Jan 13]
"A leading Saudi newspaper yesterday ruled out any attempt by the
US to use the kingdom as a launchpad for a possible war on Iran over
Tehran’s disputed nuclear programme. Two days before a visit to Saudi
Arabia by US President George W Bush, the daily Al Riyadh said: 'We
refuse to be used to launch wars or tensions with Iran.' 'This issue can
be solved through diplomatic means and through dialogue,' said the
paper.. ..'If the president wants to obtain the solidarity of all the
Arabs... he must focus, rationally, on the most important issue which is
the question of peace,' Al Riyadh said.." [more]
Mass Boycott Starts [Jan 13]
"Saudi citizens began Saturday a five-day campaign to boycott all
local dairy products in a bid to stop spiraling prices of dairy products
in the Kingdom. 'Let them rot' was the name of the campaign, which
gained momentum through SMS messages, emails and websites requesting
citizens to join the boycott for five days - the shelf life period of a
dairy product. The campaign hit many stores that reported a drop in
dairy sales.. ..The row began when many of the dairy factories in Saudi
Arabia decided to increase prices by as much as 20 percent. The move
drew the wrath of Saudi citizens across the country.. ..The Saudi market is one of the best consumer markets in the world as
far as dairy products are concerned. Latest statistics show that Saudi
Arabia consumes 892 million liters of milk, flavored milk, and laban
annually.." [more]
NCB Seeks Review of Riyal Peg to Dollar [Jan 13]
"Saudi Arabia needs to gradually change the riyal currency’s peg
to the weak US dollar to protect the value of its reserves, most of
which are invested in the United States, state-owned National Commercial
Bank (NCB) said. The Kingdom’s central bank — Saudi Arabian Monetary
Agency — has repeatedly ruled out changing the riyal’s exchange rate
to the dollar.. ..The dollar peg forces the Saudi central bank to track
US monetary policy at a time when the Federal Reserve is cutting
interest rates and inflation in the Kingdom was at its highest in at
least 12 years in October. The US dollar fell more than 10 percent against the euro last year and more than 6 percent against the yen,
driving up the cost of Saudi imports from those countries and fuelling
inflation.." [more]
Divorce in Saudi Society Symposium Planned in Riyadh
[Jan 13]
"The divorce rate in Saudi Arabia has reached more than 30 percent
of the total number of marriages in the year, the Ministry of Social
Affairs announced yesterday. In a move aimed at focusing on the alarming
number of divorces in Saudi Arabia, the ministry, upon receiving
directives from Minister of Social Affairs Abdul Muhsin Al-Akkas, will
sponsor the first symposium to discuss the problem at national level.
Entitled 'Divorce in Saudi Society,' the symposium will be held at the
Prince Salman Social Center in Riyadh. A panel of sociologists,
psychologists, and religious scholars will discuss the topic,
particularly its effects on society as well as its psychological and
religious aspects.." [more]
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