News – 2012.08.2

August 2, 2012

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

Jadwa Saudi Chartbook for August 2012: Banking Indicators

Jadwa Investment’s recently released Saudi Charbook for the month of August 2012 found that the Saudi economy remained ‘robust.’ On the subject of banking indicators in Saudi Arabia, Jadwa found that ‘bank lending to the private sector jumped in June. Monthly growth was the highest since …

New Saudi football season promises more drama

The conclusion of last season’s Zain Saudi Professional League was a nail-biter, with the country’s football fans on the edge of their seats as the race for top spot between Riyadh outfit Al Shabab and Jeddah’s Al Ahli went down to the line. Al Shabab prevailed in the end, but the dramatic …

Saudi Arabia stresses ban on public smoking

The interior minister of Saudi Arabia, one of the world’s leading consumers of cigarettes, has reiterated the significance of applying a ban on smoking in public places. Prince Ahmad Bin Abdul Aziz on Sunday evening stressed to all provinces of the kingdom that smoking at all ministries, …

Obama authorizes secret U.S. support for Syrian rebels

President Barack Obama has signed a secret order authorizing U.S. support for rebels seeking to depose Syrian President Bashar al-Assad and his government, U.S. sources familiar with the matter said. Obama’s order, approved earlier this year and known as an intelligence ‘finding,’ broadly …

Video from Aleppo, Syria, draws condemnation of rebels

Video surfaced online appearing to show the execution of members of a loyalist clan in an Aleppo neighborhood. In the video, apparent rebels lead a group of prisoners identified as pro-government paramilitary fighters known as shabiha into a courtyard. Several prisoners look bloodied and …

Between a Rock and a Hard Place: the Dilemma facing Syria’s Refugees

The global response to the Syrian conflict has been dominated by fraught discussions about intervention, sanctions, and arming opposition fighters, all under the umbrella of providing humanitarian assistance. However, as the scores of Syrian refugees fleeing the conflict are discovering, the …

Why Not in Vegas?

I’ll make this quick. I have one question and one observation about Mitt Romney’s visit to Israel. The question is this: Since the whole trip was not about learning anything but about how to satisfy the political whims of the right-wing, super pro-Bibi Netanyahu, American Jewish casino magnate …

Bill Clinton on Palestinian Culture

‘Ever since I left office I have tried to stay in touch with my friends in the Palestinian community and continue to press my friends in Israel on the case for peace,’ Clinton said. ‘It is a different world than it was 10 years ago when we brought the Palestinians and the Israelis together to …

Saudi IT spend to top $5 billion by 2014

Overall information technology spending in Saudi Arabia is set to hit $5.7 billion by the end of 2014, up from $3.5 billion in 2010, according to industry experts. Saudi Arabia’s per capita IT expenditure is expected to amount to $200 by 2012, said a report from industry research experts …

Saudi women make up 16.5% of labor force

Effectively utilizing the available factors of production — land, labor, and capital — is the key development challenge facing any economy. The more successfully these resources are mobilized, the higher the sustainable rate of growth. However, regulatory and institutional design can have …

Student Ambassador Building Bridges: A Conversation with Zeyad Al-Shammari

In his interview with SUSRIS, Zeyad reflects on his many experiences including the attitudes of Americans he met, running from the welcoming and friendly to the openly hostile. He talked about his acceptance of all people, cultures, and ideologies despite the negative impact of a few small …

GCC gets closer to announcing an official ‘Gulf Union’

A proposal to turn the Gulf Cooperation Council (GCC) into a Gulf union will be reviewed by the alliance foreign ministers in September. The commission tasked with studying the initiative has completed its work and submitted it to the council of foreign ministers, Abdul Latif Al Zayani, the …

U.S. and Israel Intensify Talks on Iran Options

After a flurry of high-level visits, including one by Defense Secretary Leon E. Panetta to Israel on Wednesday, a number of administration officials say they remain hopeful that Israel has no imminent plans to attack and may be willing to let the United States take the lead in any future …

Panetta, in Israel, stresses that U.S. military action against Iran remains an option

Defense Secretary Leon E. Panetta stressed Wednesday that if economic sanctions do not compel Iran to end its nuclear program, the United States will have to consider military options to destroy it. Panetta’s repeated emphasis on pursuing other options if diplomacy fails did not mark a …

Afghan Forces Kill 5 Insurgents Over Attack Plan

Afghan forces killed five insurgents who were planning to attack Kabul in an early morning gunbattle Thursday just outside of the capital, officials said. Intelligence agents discovered that the insurgents were massing weapons at a compound east of the city and ambushed the men when they …

Saudi Airlines Cargo Raises Handling 26% in First Half This Year

Saudi Airlines Cargo Co. increased the cargo it carried by 26 percent in the first half of this year to 251,500 tons from a year earlier on more exports to Europe, East Africa and the United Arab Emirates….

Egypt Releases Partial List of Ministers

Egypt’s official news agency released a partial list of the country’s incoming civilian cabinet on Wednesday that included some holdovers from the military-backed team but few Islamist ministers….

Saudi Arabia to cut most crude prices to Asia in September

Top oil exporter Saudi Arabia will probably cut prices for most grades of crude it sells to Asia in September, after two months of increases, as weak demand dragged down the spot market, a Reuters poll showed yesterday….

Saudi-Based Golden Chip Company to Implement Epicor ERP Solution

Epicor Software Corporation, a global leader in business software solutions for manufacturing, distribution, retail and services organizations today announced that its next-generation enterprise resource planning (ERP) solution will be deployed at the production facility for Saudi-based smart …

The President Of The UAE Is Paying $627 Million For The World’s Largest Yacht

News of the yacht, which will clock in at a record 590 feet, broke in May. But now the New York Post is reporting that the UAE president is behind the ship, and he’s paying a whopping $627.4 million for it. At 590 feet, Project Azzam will dwarf Russian billionaire Roman Abramovich’s $485 …

Indian Businesses Weather Blackouts, but at a Cost

India’s unreliable power system has forced businesses to create a workaround electricity system of noisy, dirty diesel generators that prepared them well when the world’s worst blackout hit the country Tuesday. But the trouble has also vastly increased businesses’s expenses, dragged down …

/Provided as a service from the Saudi-US Trade Group, Washington, DC/</pre>

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