News – 2012.05.24

May 25, 2012

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

 

Kingdom construction sector ‘most buoyant globally’: Study

Massive construction projects in the GCC, particularly around social and transport infrastructure, will offer tremendous opportunities valued at up to $500 billion for contractors, Deloitte Middle East’s annual report ‘GCC Powers of Construction: Five Lessons to Learn From’ released Wednesday …

Saudi per capita at record high in 2011

Strong oil prices boosted Saudi Arabia’s GDP per capita income to a record high level of more than $20,000 in 2011 but the level remained a fraction of the per capita in neighbouring Qatar and the UAE. Despite a 2.8 per cent growth in the Gulf Kingdom’s population, the GDP per capita swelled …

More can mean richer in Saudi mobile world

The number of mobile operators in Saudi Arabia is set to double, marking a new growth opportunity in an already competitive market, analysts say. The kingdom currently has three mobile operators – Saudi Telecom Company (STC), Mobily and Zain Saudi – which are vying for subscribers in an …

Pressing need for more providers in Middle East: Shortage of hospitals and schools

Construction activities in healthcare and education will spur many projects in the GCC and Middle East, industry officials say. The key driver behind this is the region’s demographics. In Saudi Arabia, for example, the population is expected to grow by almost 50 per cent to about 28 million …

Saudi Arabia’s Energy Crisis

The good news for Saudi Arabia is that its economy is booming. The bad news for us – and for the Saudis as well – is that the Kingdom is consuming more and more of its precious petroleum resources, and within a decade may have to begin cutting back on its oil exports to the rest of the …

Saudi Arabia is getting the job done

When Ali Naimi, Saudi Arabia’s veteran oil minister, wrote in the Financial Times in late March that the kingdom wanted “lower oil prices”, some analysts and traders doubted Riyadh’s determination. Two months later, it is clear that Saudi meant business: production is climbing above 10m barrels …

The Ansar al-Shari’a Insurgency in Southern Yemen: The View from the Ground

In March 2011, al-Qaeda in the Arabian Peninsula’s (AQAP) newly-formed subsidiary Ansar al-Shari’a quietly captured the southern Yemeni town of Jaar, while popular protests engulfed President Ali Abdullah Saleh’s splintering government and military in Sana’a. By the time Saleh’s replacement, …

Oil Sanctions Take Economic Toll, Syria Says

Sanctions against Syria’s oil industry are taking a substantial toll, draining $4 billion from the country’s economy so far and causing widespread fuel shortages, a top official of the embattled government of President Bashar al-Assad said Wednesday. The remarks by the country’s oil …

Egyptians head to polls for second day

Polling stations have reopened in Egypt for the second day of voting in the first free presidential election in the country’s recorded history. Officials say the turnout on day two is still good, only slightly less than yesterday. The top two candidates from this week will go head to head …

Saudi battles excess heat, dust to build solar power

Making the plan work economically rests on three assumptions: that technology improvements will cut costs, that a domestic solar industry will emerge and create jobs for a booming population, and that many billions of dollars worth of exportable oil will be saved.An average of 700,000 barrels a …

Amnesty Says UN Security Council ‘Unfit for Purpose’

‘Failed leadership has gone global’ — according to Amnesty International’s annual report on the state of human rights around the world. The United Nations Security Council is receiving the most focused criticism in the report that was published late Wednesday….

The link between rich firms and Saudi unemployment

Any future long-term plans for the country should be based on a healthy balance between the utilization of the nation’s precious natural resources and the intellectual development of its citizens. Educational and technological development of Saudis is an essential step to achieving a balanced …

Archaeological sites in Saudi Arabia are world-class

Professor Michael Petraglia is Co-Director of the Centre for Asian Art, Archaeology and Culture and a Senior Research Fellow at the University of Oxford. He specializes in Palaeolithic archaeology and the evolution of human behavior and cognition. His primary geographic areas of interest are …

IMAX ARABIA 3D Now Available for Mass Consumption on Netflix Streaming

IMAX ARABIA 3D, the film directed by Hamzah Jamjoom, is now available to watch at any time on Netflix’s instant streaming option for the first time.

Hamzah Jamjoom in IMAX Arabia 3D

Pakistan says U.S. drone kills 10 militants

Pakistani intelligence officials say a suspected U.S. drone fired two missiles that killed 10 alleged militants in northwest Pakistan near the Afghan border….

Saudi trio to the fore

Saudi clubs enjoyed a memorable matchday in the 2012 AFC Champions League Round of 16, with all three of their teams making it through to the quarter-finals. After last year’s disappointing campaign which had seen only Al Ittihad survive the one-off knockout phase, Saudi Arabia returned to the …

TASI: May 19 – 23, 2012

Hopes fade for progress at Iran nuclear talks in Baghdad

Hope for swift progress on a nuclear deal with Tehran faded dramatically today, as world powers presented Iran with a list of stringent demands to curb its uranium enrichment but offered little sanctions relief in return. Iranian officials said the new offer reaches beyond the step-by-step …

Saudi Banks Face Risk From Asset Liability Mismatch, Alinma Says

Saudi Arabia’s banks face the biggest risk from a maturity mismatch between assets and liabilities and need to find “creative” ways to bridge the gap, the chief executive officer of Alinma Bank (ALINMA) said….

KSA, Indonesia talks over maid dispute break down

Talks between Saudi Arabia and Indonesia aimed at resolving an ongoing dispute over domestic workers’ rights in the kingdom have broken down after the Gulf state rejected demands to raise monthly wages by 60 percent. The two counties have been locked in talks for several months after Saudi …

Saudi Equestrians Barred From Games

Two members of Saudi Arabia’s Olympic equestrian team will miss the London Games after they were suspended for eight months. Their horses tested positive for anti-inflammatories at separate events in the Middle East. Khaled Abdulaziz al-Eid was a 2000 Sydney Games bronze medalist, and Abdullah …

Not All Israeli Citizens Are Equal

I’M a Palestinian who was born in the Israeli town of Lod, and thus I am an Israeli citizen. My wife is not; she is a Palestinian from Nablus in the Israeli-occupied West Bank. Despite our towns being just 30 miles apart, we met almost 6,000 miles away in Massachusetts, where we attended …

<pre>/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/</pre>

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