ARABIALINK Daily News – Excerpts from International Media Reports
/Provided as a service from the Saudi-US Trade Group, Washington, DC/
Economic growth in Saudi Arabia remains on track as slight moderation in crude production has been compensated by rise in the prices. Anecdotal evidence suggests that economic activities in nonoil sector are also strong. Inflation remains flat at 5.3 percent in January. Measures of money supply accelerated sharply in 2011 even as credit growth to private sector almost doubled. SAMA’s (Saudi Arabian Monetary Agency’s) reserve assets crossed SR2 trillion mark, a record level. The assets have grown more than three times since 2005, according to a report by Al-Rajhi Capital.
Bloomberg | 3/1/12
Saudi Arabia is deploying the most oil rigs in four years as it prepares for possible shortages caused by tension with Iran, giving President Barack Obama one less reason to answer calls to curb prices by releasing supplies from America’s strategic petroleum reserve.
The Baker Hughes Dhahran Research and Technology Center opens its doors today with a focus on research and development of new technologies to unlock the potential of unconventional resources.
Mideast Airlines Post 14.5% Growth in January | ARABIAN BUSINESS
Andy Sambidge | 3/1/12
Middle East airlines recorded double-digit traffic growth in January, by far the best performance in the world, the International Air Transport Association said on Wednesday.
After Saudi, India Seeks More Iraqi Oil to Skirt Iran Curbs | TIMES OF INDIA
India on Wednesday sought up to four million tonnes of additional supplies of oil from Iraq in 2012-13, the second indication in a week of New Delhi’s efforts to line up alternate sources in preparation for tapering supplies from Iran in the face of increasing Western pressure.
Saudi Arabia last year increased crude oil production to offset market disruptions from the conflict in oil-rich Libya. The Financial Times said activity at some Saudi Arabian oil terminals suggests the country is ramping up production to address a market crisis sparked by tensions with Iran.
Ex-Senators Graham and Kerrey See Possible Saudi 9/11 Link | NEW YORK TIMES
Eric Lichtblau | 3/1/12
“I am convinced that there was a direct line between at least some of the terrorists who carried out the September 11th attacks and the government of Saudi Arabia,” former Senator Bob Graham, Democrat of Florida, said in an affidavit filed as part of a lawsuit brought against the Saudi government and dozens of institutions in the country by families of Sept. 11 victims and others. Mr. Graham led a joint 2002 Congressional inquiry into the attacks. His former Senate colleague, Bob Kerrey of Nebraska, a Democrat who served on the separate 9/11 Commission, said in a sworn affidavit of his own in the case that “significant questions remain unanswered” about the role of Saudi institutions. “Evidence relating to the plausible involvement of possible Saudi government agents in the September 11th attacks has never been fully pursued,” Mr. Kerrey said.
Saudi, Chinese Foreign Ministers Hold Phone Talks | GOOGLE NEWS
AFP | 3/1/12
The foreign ministers of Saudi Arabia and China, sharply at odds over the crisis in Syria, discussed regional developments in phone talks on Wednesday, Saudi state media reported.
Kingdom Holding Co , the investment vehicle of Saudi billionaire Prince Alwaleed bin Talal, will seek shareholders approval to tap debt markets through sale of either conventional or Islamic bonds, the company said in a statement.
Saudi Firm Eyes Malaysian Power Assets | STEEL GURU
Reuters reported that Saudi Water & Electricity Company has emerged as the highest bidder for the power assets of Malaysian tycoon Ananda Krishnan estimated to be worth over USD 3 billion.
A preparatory meeting of the Saudi initiative for housing began at Al-Faisaliah Hotel, Riyadh, Tuesday under the patronage of Prince Turki Al-Faisal, chairman of King Faisal Center for Research and Islamic Studies.
Saudi Arabia: Iqama Renewal Reminder Service | AMERICAN BEDU
Most expatriates in Saudi Arabia are responsible for knowing when their iqama (legal residency) is to expire. Prior to its expiration it is then either the responsibility of the expatriate to get the iqama renewed or for the employee to provide the iqama to the employer to do the needful.
Apple Becomes Larger Than Saudi Arabia, Belgium and Poland | AHRAM ONLINE
Apple market cap rose above the $500 billion mark on Wednesday, rendering the gadget maker larger than the economies of countries such as Saudi Arabia, Belgium, Poland and Egypt.
Alex Wilson Hopes For Spot on Boston Red Sox Pitching Staff | MASSLIVE.COM
David Dorsey | 3/1/12
The 25-year-old right-handed pitching prospect for the Boston Red Sox, however, said he cared little about becoming the first pitcher born in Saudi Arabia to reach the big leagues.
Saudi Aramco will organize its 17th charity run along Alkhobar Corniche on Thursday. This year’s event is dedicated to enlightening the public on the importance of donating organs to save the lives of fellow human beings.
EGYPT: TRAVEL BAN LIFTED FOR AMERICAN DEFENDANTS
Egyptian officials said Wednesday that they would lift a travel ban barring seven Americans from leaving the country during the politically charged prosecution of four American-financed nonprofit groups here, apparently resolving a crisis that threatened to break the country’s 30-year alliance with Washington, NYT reports.
SYRIA: OPPOSITION SETS UP MILITARTY BUREAU
Syria’s main political opposition group has formed a military bureau to unify armed resistance to the government. The Syrian National Council (SNC) said the bureau would bring armed groups under a central command and control the flow of weapons to avoid “chaos,” BBC reports. ARMY MOVES IN: Syrian tanks moved Thursday into the besieged Homs neighborhood of Baba Amr, a stronghold of the tenacious anti-government resistance, CNN reports. REBELS RETREAT: Most of Syria’s rebel fighters have pulled out of the besieged Baba Amr district of Homs after a months-long military assault by President Bashar al-Assad’s security forces, VOA reports.
ISRAEL: NETANYAHU CAN BARELY CONTROL HIS BUREAU; CAN HE RUN THE COUNTRY?
I have covered the activities of prime ministers from the time of Menachem Begin. I have tallied up many hours of observing the work of their offices, and I can testify that I have never encountered a work environment as conflicted and crazed as that of Netanyahu’s, Shimon Schiffer (AL Monitor) writes.
AFGHANISTAN: GUNMEN KILL NATO FORCES
IRAN: SUCCESSFUL NUCLEAR FREEZE IN NORTH KOREA IS NOT A MODEL FOR IRAN, ACCORDING TO ISRAEL
Israel says the economic pressure that appears to have brought a dramatic breakthrough in nuclear negotiations with North Korea is unlikely to work on Iran, AP/Washington Post reports. ECONOMIC WOES PUTS IRAN VOTE IN THE SHADE: Iran’s first parliamentary elections since the controversial presidential ballot in 2009 have failed to grab public interest and campaigning has been lackluster, Euronews reports.
TURKEY: BOMB EXPLODES NEAR OFFICES
Turkish officials say a remote controlled bomb exploded near the offices of the country’s ruling party in Istanbul Thursday, injuring at least 16 people, mostly police officers, VOA reports.
GUANTANAMO: DETAINEE ADMITS CHARGES
GAZA: CHILDREN RUN MARATHON TO RAISE FUNDS FOR UN SUMMER CAMPS
/The daily news is provided as a service of the Saudi-US Trade Group, Washington, DC. Visit www.SUSTG.org for more information and to get a free email subscription to the News Review./</h4></div>