News – 2012.06.18

June 18, 2012

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

 

Saudi Arabia mourns death of Crown Prince Naif

The funeral prayers for the Saudi Crown Prince Naif bin Abdul Aziz will be held at the Haram Mosque in Makkah following the Maghreb prayer today. The body will then be buried at the graveyard in the holy city. Muslim leaders from across the world started arriving in Jeddah on their way to …

Saudis Bury Crown Prince Nayef bin Abdulaziz in Mecca

The surviving sons of King Abdulaziz gathered in the holy city of Mecca to bury the second heir to the throne within eight months, moving the succession process closer to a new generation in a family determined to maintain stability as the Middle East is gripped by political change. Arabic …

Saudi Arabia Succession in Motion With Death

Succession is unlikely to have a major impact on Saudi policies, said analysts including Jarmo Kotilaine, chief economist at the Jeddah-based National Commercial Bank. Saudi Arabia will make sure there is enough supply in the global crude market, Oil Minister Ali al-Naimi said at last week’s …

Crown Prince Nayef bin Abdulaziz (1934-2012)

Prince Nayef was born in Taif in 1354H (1934), and, along with his brothers, received his early education in religion, modern culture and diplomacy at the royal court. He was appointed Deputy Governor of Riyadh in 1951 and Governor of Riyadh in 1953. In 1970, King Faisal appointed Prince Nayef …

Saudi Crown Prince Nayef dies

Saudi Crown Prince Nayef bin Abdulaziz, a hard-ine conservative who is credited with pushing back al Qaeda, has died, Saudi state TV said on Saturday. Nayef, who had been named crown prince in October by his brother the king, was heir to the Saudi throne. State TV is broadcasting Quran …

Saudi Arabia’s Enforcer of Internal Security

Prince Nayef, who had served since the 1970s as deputy interior minister and then interior minister, came close to succeeding to the Saudi monarchy only in his late 70s, when his half-brother King Abdullah appointed him crown prince and most-likely heir in October 2011. Prince Nayef’s time …

Egypt’s military issues decree giving armed forces vast powers, but few to president

Egypt’s military leaders issued a constitutional decree Sunday that gave the armed forces sweeping powers and degraded the presidency to a subservient role, as the Muslim Brotherhood declared that its candidate had won the country’s presidential runoff election. The bold assertion of power …

Islamist Candidate Is Apparent Victor in Egypt as Military Cements Its Powers

Egyptian news organizations declared Mohamed Morsi of the Muslim Brotherhood the winner of the country’s first competitive presidential race on Monday just hours after the ruling military council issued an interim constitution granting itself broad power over the future government, all but …

Iraq and Iran form alliance within Opec

A particular bone of contention was a proposal by Venezuela – backed by other Opec hardliners like Iran, Iraq and Algeria – that the group should protest against the EU sanctions against Tehran over its nuclear programme. The move was rebuffed by Saudi Arabia and other moderates including …

U.N. Suspends Its Mission in Syria, Citing Violence

The chief of the United Nations observers in Syria said on Saturday that the mission was suspending its activities and patrols because of escalating violence in the country. The head of observers, Maj. Gen. Robert Mood, said in a statement that the bloodshed was posing significant risks to …

Saudi Arabia Reins in Its Clerics on Syria

The Syrian crisis has long animated clerical sympathies in the Kingdom. In most cases, clerical statements adhere closely to the official Saudi line on Syria, providing helpful theological cover for Saudi foreign policy. In Friday sermons, on Twitter, and in Facebook posts, the clerics have …

Tunisia’s Close Call

Recent demonstrations by salafists in Tunisia have taken a violent turn highlighting lingering issues in the country: the importance of creating a mechanism of dialogue between the different religious and political factions in the country. Though Tunisia is widely considered one of the most …

Afghan poppy crops down 40% since ’08 as key towns secured

Poppy cultivation in Afghanistan’s key opium producing region has declined 40% over the past four years as coalition and government forces have secured key towns and villages and the Afghan government has ramped up eradication. This year farmers grew poppy on about 143,000 acres in Helmand …

$ 100 bn sukuk trade provides succor to global economy

He is a well-known and highly respected banker in Saudi Arabia. When he speaks, his words get total attention from the who’s who in the industry to the men in government and bureaucracy. Abdulrazzak M. Elkhraijy is an expert on the burgeoning concept of Islamic banking. He has more than 30 …

Saudi Electricity to Buy Back Sukuk Worth SAR5 Billion

Saudi Electricity Co. (5110.SA), or SEC, said Saturday it plans to buy back its first Islamic bond, or sukuk, worth five billion Saudi riyals ($1.33 billion). Trading of the sukuk, which was issued July 2007, ceased June 17 and the amount due to holders of the sukuk will be deposited in their …

Carnegie Scientists Share the Writing on the Wall with the Public

Sandra Olsen—director of the Center for World Cultures, world-renowned zooarchaeologist and authority in horse domestication—along with K. Christopher Beard, a leading expert in primate evolution and movement of species over continents, have been working with award-winning photographer Richard …

Saudi Banks launches anti-fraud campaign

Saudi Banks, a committee of various banks in Saudi Arabia, has launched its fourth anti-fraud campaign under the title, ‘Do not disclose it’ which is aimed to educate its customers and the general public of the different fraud operations and methods of protection. The campaign will until the …

TASI: 6/18/12 – up .79%

Obama’s Drift Toward War With Iran

The most undercovered story in Washington is how President Obama, under the influence of election-year politics, is letting America drift toward war with Iran. This story is the unseen but ominous backdrop to next week’s Moscow round of negotiations with Iran over its nuclear program. The …

Saudi Arabia is second largest consumer of tea in Arab world, reveals study

A recent study about tea consumption around the world revealed that the Kingdom of Saudi Arabia ranks second in the Arab world, behind Egypt, in terms of tea consumption, with over 19 million cups consumed daily. The tea trade in KSA is valued at over SR638m, while spending per capita on tea …

E-university hopes to attract 100,000 students in 10 years

The Saudi Electronic University, which is the first-ever government e-university, hopes to attract 100,000 students over the next 10 years, said Dr. Abdullah bin Abdulaziz Al-Mousa, the university’s rector. Designed to substitute off-campus learning provided by Saudi universities, the …

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&g/t;

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