News – 2012.05.10

May 10, 2012

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

5.10.12 EDITION

Years of U.S.-Saudi Teamwork Led to Airline Plot’s Failure

When it comes to counterterrorism, the Saudis have been crucial partners, not only for the United States but also for an array of other Western powers. The crucial testing ground for that partnership is now Yemen, where the local affiliate of Al Qaeda continues to plan attacks against Western …

Saudi Arabia breaks new ground — trading oil

Saudi Arabia, the world’s largest oil exporter, has long been a dominant force in the oil market – but has never been an oil trader. That’s changing now as Riyadh seeks to capitalise on its refining strength and run its own oil trading book – buying and selling gasoline, gas oil and other …

The image of Custodian of the Two Holy Mosques King Abdullah launching the first phase of the university and higher education city projects on an iPad in a ceremony last week perhaps speaks more than the proverbial 1,000 words. Educators believe the time is ripe for the full-fledged …

Saudis face growth limits over natural gas supplies

A shortage of natural gas could affect future industrial growth in Saudi Arabia, according to the head of Jubail Industrial City, the world’s largest petrochemical cluster….

Not a Drop to Drink: The Global Water Crisis

In the next twenty years, global demand for fresh water will vastly outstrip reliable supply in many parts of the world. Thanks to population growth and agricultural intensification, humanity is drawing more heavily than ever on shared river basins and underground aquifers. Meanwhile, global …

Experts at Arab Media Forum 2012 concur electronic media is reshaping traditional journalism

Speaking about the future of new media and rising concerns of the decline of traditional media sources, Magda Abu Fadil said: ‘It is no surprise that traditional media has seen a significant decline as evident in readership figures. However, a strong balance between traditional and new media is …

Saudi for Saudis: Firms need to benefit from pressing ahead with Saudization

Speakers at the first session of Saudi Economy Conference at King Abdulaziz University (KAU) called for providing incentives to national companies for increasing the percentage of their Saudi workforce. They also recommended support to small and medium establishments (SMEs) for enhancing their …

Iraq topples Iran, becomes 2nd largest crude oil supplier to India

The pressure of US sanctions on Iran is evident with Indian refiners shifting attention to other crude oil producing nations. Though India has been maintaining that it is not reducing imports from Iran, the import numbers for 2011-12 tell a different story.Supplies from Iraq and Kuwait have …

Saudi Arabia signs deals for financial aid package to Egypt to shore up battered economy

Saudi Arabia says it has signed a series of deals with Egypt aimed at helping stabilizing the North African nation’s struggling economy.A statement Thursday from the Saudi ambassador to Egypt says the desert kingdom has agreed to provide $500 million in aid to Egypt and will deposit an …

Bahrain spruces up its oil refinery to the tune of $8bn

Bahrain is to spend between $6 billion and $8 billion on modernising its refinery within the next six to seven years, said a senior government official. Speaking at the opening of the 20th Middle East Petroleum and Gas Conference yesterday, Energy Minister Dr Abdulhussain Mirza he said the …

Missiles kill eight militants in Yemen: residents

Missile strikes killed eight militants early on Thursday outside a town in southern Yemen which is a stronghold of al Qaeda-linked insurgents fighting government forces for more than a year, residents said. The strikes near the town of Jaar appeared to have been launched from the sea and …

Armed forces adding strength to growth drive

Defense Minister Prince Salman left Jazan yesterday after inspecting the combat readiness of armed forces stationed in the southern province. He also visited the forces deployed in Khoba, where Saudi forces clashed with Yemeni intruders two years ago. “I am very happy to visit this important …

Al-Rabiah urges factories to employ modern technology, boost Saudization

Tawfiq Al-Rabiah, minister of commerce and industry and chairman of the board of directors of the Saudi Industrial Property Authority (MODON), recently opened a group of factories in Dammam Second Industrial City. The minister praised the factories for employing Saudi citizens and urged …

Saudi customs cooperate to slash delays at border

Long queues of lorries at the border between the UAE and Saudi Arabia may be a thing of the past when the two countries link their customs clearing systems later this year. Hauliers often experience lengthy delays at the border, creating backlogs of thousands of lorries at a cost of millions …

Learning How to Lose

In his column for Saudi Arabia’s pan-Arabic Asharq Alawsat, Ali Ibrahim makes an important point with direct application to those involved in ‘Arab Spring’. How winners of elections behave is important, of course, but equally important is how losers and their supporters behave. He uses the …

Discovery to focus on Saudi historical sites

President of Discovery Channel Lee Bartlett will visit a number of historical locations in the Kingdom including Riyadh, Al-Ula, Jeddah, Taif and Asir Province. Bartlett is visiting the Kingdom on an invitation by Saudi Commission for Tourism and Antiquities Chairman Prince Sultan bin Salman….

Egypt’s Desert Gem

This was the fabled Great Sand Sea of western Egypt – 28,000 square miles of giant sand dunes stretching for hundreds of miles into the sunset. Cartographers called it a sea, but in reality this corner of the Sahara seems more like a mighty range of mountains. With its sharply veering ridges …

Heavy metal unites Jews, Muslims across the Middle East

Sometimes change happens in the most unlikely ways, fostered by the most unlikely people. In the past few years, while Israel’s relationship with the Arab and Muslim world has drastically deteriorated, an Israeli heavy metal band has been uniting thousands of Jews and Muslims across the Middle …

Saudi Arabia keen on Indian pharma products

Evincing interest in the Indian pharmaceutical and medical technology sector, Saudi Arabia today said it was keen to extend incentives to Indian pharma industry to set up base in their country for producing affordable medicines. These views were expressed by a Parliamentary delegation led by …
/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>

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