News – Saudi Arabia – 2012-03-06

March 6, 2012

ARABIALINK Daily News – Excerpts from International Media Reports
/Provided as a service from the Saudi-US Trade Group, Washington, DC/

3.6.12 EDITION

Unknown Gunman Kills Saudi Diplomat On Residential Street In Bangladesh’s Capital: WASHINGTON POST

Associated Press | 3/6/12

A Saudi diplomat was shot and killed on a residential street in Bangladesh’s capital early Tuesday, and authorities say the gunman and a motive were unknown. However, if the killing is not deemed a street crime, speculation could turn to Iran, which has been blamed for other international attacks as it struggles against Saudi Arabia for dominance in the Middle East.

Saudi Dependency On Oil Income Not Appropriate – Oil Minister: WALL STREET JOURNAL


Saudi Arabia’s Oil Minister Ali al-Naimi said Tuesday that depending on oil production and exports as a basis for national income and sustainable economic development isn’t appropriate, and said that crude revenues should be used to create other sources of economic growth.

Saudi Arabia Tells UN ‘Rein In Syria’s Assad’: EURASIA REVIEW

Arab News | 3/6/12

Saudi Arabia yesterday urged the UN Security Council to shoulder its moral responsibility toward ending the bloodbath in Syria, being perpetrated by the regime of Bashar Assad. The Kingdom appealed to the UN to take immediate steps to provide medical and humanitarian assistance to civilian victims.

Gulf Jabs at Syrian Regime Also Aimed At Iran: BOSTON GLOBE

Brian Murphy | Associated Press | 3/5/12

Around a gold-draped hall in Saudi Arabia, Gulf envoys listened to their host denounce the Syrian regime as an enemy of its people and the region. What they really heard were fresh salvos in the Arab Spring’s wider war: Saudi leaders and their Gulf partners hoping to deal crippling blows to Iran’s footholds in the Middle East.

3 Million Jobs for Saudis by 2025: ARAB NEWS


The Ministry of Labor will achieve nationalization of 3 million jobs by 2025, an official of the ministry said.

Saudi Telecom Eyes Partnership For Domestic Market: REUTERS

Regan Doherty and Matt Smith | 3/6/12

Saudi Telecom Co is keen to take on a partner willing to offer services over its wireless network, an executive at the former state telecoms monopoly said on Wednesday.

Grooming Business Leaders of Tomorrow: ARAB NEWS

Ghazanfar Ali Khan | 3/5/12

INSEAD, the leading international business school ranked as the best non-US business school in the world, has announced plans to tie up with Prince Sultan University (PSU), the first private university in Saudi Arabia.

Saudi Arabia, UAE, Egypt On The Top Of Registered Patents in the Arab World: KUNA


Saudi Arabia comes on the top rank of registered patents in the Arab World by 147 patents followed by the UAE by 39 and Egypt in the third rank by 33 patents, shows the World Intellectual property organization (WIPO) in its annual report.

Alcoa and Ma’aden Continue Developing Capabilities of Ras al Khair Complex in Saudi Arabia: Underline Commitment to Develop Downstream Sectors: MARKETWATCH


Alcoa and Ma’aden today announced commencement of work to extend the product mix of their aluminum complex currently under construction at Ras Al Khair, Saudi Arabia.

Saudi Polymers Starts Polystyrene Marketing Drive Ahead Of Plant Startup: PLATTS


Saudi Polymers has begun marketing product from its new polystyrene plant in March, even though its startup has been delayed, according to sources familiar with the matter.

Saudi Arabia to Process Oil Locally to Avoid Volatile Prices: BLOOMBERG

Wael Mahdi and Anthony DiPaola | 3/6/12

Saudi Arabia, the world’s largest oil exporter, plans to process more crude into fuels and petrochemicals in the coming years, its oil minister said.

ABB Wins $70 Million Saudi Arabia Substation Order: MARKETWATCH

Power and technology group ABB Ltd Tuesday said it has won orders worth $70 million from the Saudi Electric Company to construct five new substations.

Saudi Aramco Said to Raise Arab Light Oil Price from Sidi Kerir: BLOOMBERG

Sherry Su | 3/5/12

Saudi Arabian Oil Co., the world’s largest crude exporter, raised its April official selling prices for Arab Light grade from the Egyptian port of Sidi Keir while cutting Arab Heavy, two people with knowledge of the matter said.

Saudis Open Screen Door: VARIETY


On Sunday night, some would say the impossible happened. A feature film, financed and produced by both Saudi and international interests, premiered in a public place in the Kingdom of Saudi Arabia with full approval of the authorities.

SABIC CEO Al-Mady Named Co-Chairman of the U.S.-Saudi Arabian Business Council: MARKETWATCH

The U.S.-Saudi Arabian Business Council announced today that Mr. Mohamed H. Al-Mady, Vice Chairman and Chief Executive Officer of Saudi Arabian petrochemical giant Saudi Basic Industries Corporation (SABIC), has been named as the new Co-Chairman of the U.S.-Saudi Arabian Business Council, effective March 1, 2012. He succeeds Abdulaziz Al-Quraishi, CEO of Ali Al-Quraishi & Brothers Company, Ltd. Mr. Al-Mady has been a member of the Business Council’s Board of Directors since 1998.

President Hadi Meets Saudi Ambassador: SABA NEWS


President Abdo Rabu Mansour Hadi met here on Monday with Saudi ambassador to Yemen Ali Bin Mohammed al-Hamdan.

More News and Commentary from SUSTG


Today, the sanctions regime in Iran is resembling, more and more, the Iraqi and Cuban cases. We have arrived by a very different route. Instead of controlling all goods going into the country, we have ingeniously found ways of manipulating Iran’s banking system. That, together with regional boycotts, has the prospect of blocking a large proportion of Iran’s oil sales.

In Iran there has been a run on the currency, food prices are soaring, and every single person is beginning to experience some form of economic pain. That has been the source of considerable public satisfaction in Washington and elsewhere. It is also reminiscent of the early stages of the Iraqi experience. Add to that the serial murders of civilian scientists, cyber tampering with Iran’s centrifuges, flyovers of U.S. drones, and covert assistance to Iranian separatist groups, Gary Sick (CNN) writes.  THE LEGAL CASE AGAINST ATTACK: Israeli Prime Minister Benjamin Netanyahu’s visit to Washington has provoked a broad debate over the military and political wisdom of an attack on Iran. But so far, there has been little attention to the legal issues involved, which are crucial. American support for a preemptive strike would be a violation of both international law and the U.S. Constitution. Article II of the Constitution requires the president to “take care that the laws be faithfully executed,” and Article VI says that treaties are part of the “supreme law of the land.” Since the Senate overwhelmingly ratified the United Nations Charter as a treaty in 1945, the president is constitutionally required to abide by Article 51 of the charter. This provision allows states to use military force in self-defense only when responding to an “armed attack.” Preemptive attacks are another matter, writes Bruce Ackerman (LAT). WHAT WOULD AMERICAN MILITARY DO? A recent war game gave US military officials a sense of the threat exposure from operating in a narrow waterway such as the Strait of Hormuz, off Iran’s coast, Anna Mulrine (CSM) writes. FRESH TALKS FORTHCOMING: Six major world powers and Iran are to hold fresh talks on Tehran’s nuclear programme, the EU has said, BBC reports.

RETRIAL FOR AMERICAN SPY IN IRAN: The Supreme Court of Iran has tossed out the death penalty conviction of a former Marine accused of spying and ordered a retrial in a separate court, Iranian news services reported Monday, J David Goodman (NYT) reports.


At least two civilians have been killed and four injured in a suicide attack at the entrance to the Bagram air base in Afghanistan, officials say, BBC reports.


In the aftermath of Russia’s weekend election, the Obama administration said Monday that it would renew efforts to persuade Moscow to cooperate with international efforts against Syria, Karen DeYoung (Washington Post) reports.

The U.S. government has the right to order the killing of American citizens overseas if they are senior al-Qaeda leaders who pose an imminent terrorist threat and cannot reasonably be captured, Attorney General Eric H. Holder Jr. said Monday, Peter Finn and Sari Horwitz (Washington Post) reports. RISK OF CYBERATTACK WORRIES PANETTA: When Defense Secretary Leon E. Panetta was asked following a speech here tonight what keeps him awake at night, he didn’t hesitate: a major cyber attack, AFPS reports.


As leading politicians from around the world met in Tunis last Friday as the “Friends of Syria” to discuss what to do next to help Syrians under siege, many eyes turned toward the pivotal role Turkey, Syria’s  large and influential northern neighbor, can play in shaping the eventual outcome.   But Turks themselves are equally focused on another neighbor just as troublesome:  Iraq, with its rising sectarian tensions and semi-autonomous Kurdish region.   The potential for the Iraqi political standoff to deteriorate into a full sectarian conflict, with all that might portend for Kurdish irredentism both in northern Iraq and in Turkey proper, fills Ankara’s strategists with almost as much angst as the Syrian nightmare, Gönül Tol (MEI) writes.

/The daily news is provided as a service of the Saudi-US Trade Group, Washington, DC. Visit for more information and to get a free email subscription to the News Review./</h4></div>

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