Index compiler MSCI Inc said it could rank Saudi Arabia as an emerging market alongside countries such as Brazil and China, if the oil-rich kingdom moves ahead with longstanding plans to open up its stock market to foreign investors. That could vault Saudi Arabia above smaller regional markets …
Ultimately, the King surprised us, not with his choice of Crown Prince, because he chose an active and prominent member of the ruling system, but rather because he resolved the matter so quickly, in less than 24 hours after the Saudi state had begun mourning….
The official announcement Monday came the day after the burial of Prince Nayef, who died last week in Geneva. He had been named the heir to the Saudi throne in November. The 76-year-old Prince Salman is the third successor for the 88-year-old King Abdullah in the past year in one of the West’s …
What no Saudi can deny, whatever his or her grievances may be, and however legitimate those grievances are, is that the Al Saud have kept the country stable and in one piece for over a century. This has allowed the Saudi citizen to benefit from the country’s oil wealth and live a life of safety …
There has been a significant investment in education, which is great. In the last eight or nine years the number of Saudi Universities has more than quadrupled from about seven to over 30. Some of that increase has been through splitting up existing, very large universities, like King Abdul …
‘A lot of women are designing their own abayas now,’ she said of her reversible garment. Indeed, the glitzed-up abayas being seen all over Saudi Arabia, stand as a metaphor for the gains women are making in this oil-rich kingdom. Women are not throwing off their cloaks, but they are making …
Outnumbered six to one, Iranian negotiators did a classic job in Moscow earlier this week (June 18-19) of defending past positions, raising old grievances and demanding concessions that they knew they would not get. US officials offered little and got nothing in return — but cannot be accused …
Part of the problem for this Administration and the next is a proposition that has been adopted by large majorities of both Democrats and Republicans: that Iran’s nuclear program is essentially the greatest strategic threat the United States faces today. Because both parties have concluded that …
One of the most pernicious misunderstandings in the West about Iranians is that they are dour religious fanatics. About half of Iranians are under the age of 25, and Iran has done a solid job of raising their education levels. I was struck on my 1,700-mile road trip across Iran by how many …
The biggest uncertainty in the global oil market isn’t whether oil prices will drop further — they seem likely to — but how long they will stay down. Now, a convergence of forces is weighing on petro-rulers’ nerves: Europe’s economic crisis; a slowdown in Chinese growth including the demand …
Pakistan’s ruling party named a loyalist tainted both by corruption allegations and failure to end the country’s energy crisis as its candidate for prime minister, setting up what is likely to be a short and turbulent premiership. The announcement of Raja Pervaiz Ashraf as premier-designate …
Saudi Arabia denied Friday a media report saying it had called on its citizens in Lebanon to leave the country by the end of June. “The news that appeared in a local newspaper is totally false and we are surprised that some media outlets circulated such rumors which causes fear in citizens …
Elite Afghan police backed by NATO forces ended a 12-hour siege on Friday at a popular lakeside hotel outside Kabul, leaving at least 20 dead after Taliban gunmen stormed the lakeside building, bursting into a party and seizing dozens of hostages. The night-time assault on the hotel with …
In the spring of 2011, I deployed to eastern Afghanistan for ten months as a Village Stability Operations (VSO) detachment commander where my team faced a determined enemy whom the United States had been fighting for over a decade. Our mission was to connect the villagers of a highly …
Saudi Arabia, one of the main contributors to the global Islamic finance industry, has an estimated $94bn in Islamic finance assets, Deloitte has said in a new report. The Deloitte Middle East Islamic Finance Knowledge Centre (IFKC) report said Saudi Arabia’s asset represent 26 percent out of …
State oil giant Saudi Aramco and Japan’s Sumitomo Chemical are close to signing multi-billion-dollar contracts to expand their petrochemical complex in Saudi Arabia, industry sources said. Aramco and Sumitomo have taken longer than expected to pick contractors for the Rabigh II petrochemical …
Foster Wheeler, Jacobs, KBR, Mustang and SNC Lavalin signed GES+ contracts with Saudi Aramco Saudi Aramco’s General Engineering Services Plus (GES+) initiative requires that the majority of its engineering services requirements be conducted in the Kingdom of Saudi Arabia in order to enhance …
The Middle East Propulsion Company, a joint venture between Pratt & Whitney’s parent company United Technologies Corporation, Saudi Arabian Airlines, Mohawearean Aviation Services Company and MTU Aero Engines has opened a new aircraft-engine maintenance facility in Riyadh, Saudi Arabia, to …
Millions of meals are left over from extravagant Saudi feasts and dinner parties, only to meet their fate at the garbage dump. But one charity in the eastern city of Dammam aims to change that by setting up a food bank to collect those uneaten dishes, instead giving them to the less …
The Saudi Gazette reported that the decline in international steel prices and the lack of response from national industry to follow suit, encourage some Saudi contractors to form consortiums to import foreign steel. Mr Mohammed Saad contractor said that importing steel is supported by …
Saudi Gazette takes a look at youth culture in Saudi Arabia today and sadly shakes its head. One article focuses on the growth of Emo culture among young teens. Now, this is truly something that can be blamed on Washington, DC, as Emo music got its start there in the 1980s as an offshoot of …
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;
|
|
|
