News – 2012.11.27

November 27, 2012

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

The emergence of Google

Saudi Arabia is one of the biggest Internet markets not only regionally but also globally. There are 190 million video views on YouTube in Saudi per day. That’s the highest number of YouTube views in the world per Internet user. The average user in Saudi watches three times as many videos a day …

Saudi real estate auctions to drive urban development

Real estate developers have noted that the rise in real estate auctions in KSA is a healthy trend as urban projects that are fully developed and equipped with basic amenities (e.g. power supply, lighting, water, telephone lines and sewer networks) are encouraging land owners and developers to …

Saudi signs $600 million defence contract

Raytheon Company, a major American defence contractor and industrial corporation, has clinched a contract worth over $600 million for delivery of a command, control, communications, computers and intelligence (C4I) system to Saudi Arabia. The contract was awarded to Raytheon’s Network …

Cyber threats to energy security, as experienced by Saudi Arabia

The virus hit the company’s management offices throughout the Kingdom. It also hit its offices in Houston and The Hague and, probably, its offices in Asia. It also hit the state-of-the art Exploration and Petroleum Engineering Center – Advanced Research Center in Dhahran, which is responsible …

Saudi building loans surge 34% to SR72.5b in 9 months

Loan growth to private businesses in Saudi Arabia reached 15 percent in September, the most in more than three years, according to central bank data. The economy of the world’s top oil exporter is set to expand 5.1 percent this year, the second-fastest pace in the Gulf Cooperation Council after …

Crown Prince reassures Saudis about King’s health

November 27, 2012 8:50by M. Aldalou…

Oil Watch – OPEC Crude Oil Production (IEA)

OPEC is currently pumping at close to near term and historic highs of 31.2 mmbpd of crude oil. Outside of Saudi Arabia, the majority of spare capacity is deemed to lie in Iran and Nigeria. Iran could certainly pump more if permitted to do so by the international community. It is doubtful that …

Saudi support and the Future of Yemen

No one can deny the key role played by Saudi Arabian King Abdullah bin Abdul Aziz, Saudi Arabia and the Gulf countries in general to prevent the outbreak of civil war in Yemen last year. The Gulf Initiative was the lever used by the Saudi leadership to do so. Although the Gulf Initiative …

Egypt’s Morsi appears to accept some limits on his power

Egypt’s president appeared on Monday to soften an earlier decision to take on near-absolute power, saying through a spokesman that only some of his acts would be protected from judicial review. The announcement, a day ahead of planned opposition protests, was aimed at quelling criticism of …

Clashes resume in Cairo ahead of opposition rally

Egyptian protesters and police clashed in Cairo on Tuesday just hours ahead of a planned massive rally by opponents of the country’s Islamist president demanding he rescind decrees that granted him near-absolute powers. Police fired tear gas and hundreds of protesters pelted them with rocks …

Syrian regime draws battle lines as rebels advance

President Bashar al-Assad is increasingly relying on militiamen and members of the Alawite community to defend his regime as rebels advance in Syria’s north and east and inevitably towards a final showdown in Damascus, analysts say. As the conflict becomes more drawn out, greater numbers of …

Opinion: Iran and Hamas Winners In Gaza Conflict

Israel did not achieve the goal it had publicly declared: the destruction of Hamas’s rocket capability. Hamas and other Palestinian militant organizations were able to continue rocket attacks into Israel, reaching further targets with neighborhoods in Tel Aviv and Jerusalem for the first time. …

Growing up in Gaza

Fatima Qortoum was just 9 years old when she saw the brains of her brother, 7-year-old Ahmed, fall out of his head. He was struck with shrapnel after an Israeli airstrike. That was 2008. Last week, another one of Fatima’s brothers, 6-year-old Mahmoud, was critically injured when an Israeli …

Ex-Foreign Minister Forms New Party to Oppose Netanyahu

Calling herself ‘an answer to the contention that there is no one to vote for,’ Tzipi Livni, Israel’s centrist former foreign minister, returned to politics on Tuesday after a six-month hiatus, heading a new party that she described as ‘an alternative, personal and ideological,’ to Prime …

Bahrain police break up march after Ashura memorial service

Bahraini security forces used tear gas and stun grenades to scatter hundreds of youths who tried to march towards the centre of the capital on Monday after annual Ashura services marking one of the holiest days in the Shi’ite Muslim calendar. Bahrain, an important U.S. ally and base for U.S. …

Saudi-sponsored interreligious center to open in Austria, UN secretary-general attends

U.N. Secretary-General Ban Ki-moon and other dignitaries are attending the inauguration of a Saudi-sponsored center for inter-religious dialogue that opens later Monday….

Yasser Arafat’s body exhumed

The body of former Palestinian leader Yasser Arafat was exhumed from his grave in the West Bank on Tuesday. Arafat’s 2004 death is under investigation….

Walking back from the Brink

Saudi-owned Asharq Alawsat runs a piece about a young Egyptian who rejected Salafism for secularism, extremism for moderation. In his transition, he discovered that Salafist organization prey upon youth and their dissatisfactions, but rather than offering a solution, they seek only power. The …

New SARs could leave the Middle East business world in intensive care

As with most emerging epidemics, we usually ignore them until people start dying. If the same logic applies here, its time to begin paying attention to the new SARS-like virus found in Saudi Arabia and Qatar. While only six cases have been identified so far, two of the patients died, suggesting …

Samsung, Shanghai Electric win $3 billion Saudi water plant deal

A consortium including Samsung Engineering (028050.KS) and Shanghai Electric (601727.SS) have won an 11.3 billion riyal ($3 billion) deal to build a water desalination plant on the Red Sea coast of Saudi Arabia. Saudi’s state-owned Saline Water Conversion Corp (SWCC) said on Monday it …

Coca-Cola donates SR 1.19 m to Ensan

Last year, Al-Arrak said his company gave SR 750,000 to Ensan, and he is happy that this year the company is able to enhance this donation to a handsome amount. He pointed out that the jump was solely due to the increase in the company’s market share as a result of the rapidly growing economy …

Saudi Aramco To Shut Most Of Yanbu Refinery in March

Saudi Aramco Mobil Refinery Company (SAMREF) will shut most of the units at its 400,000 barrel per day (bpd) Yanbu refinery in March to bring a new cleaner fuel project online, traders said on Monday. The outage planned by the joint venture between state oil company Saudi Aramco and U.S. …

Saudi IPC awards polysilicon plant contract

Saudi-based Idea Polysilicon Company (IPC), a top integrated polysilicon and solar wafers firm, said it has signed an agreement with Technip E&C to provide project management and engineering services for its upcoming project in Yanbu Industrial City. Technip E&C is a leader in project …

TASI – 11/27/12 – down 1.29%

Provided as a service from the Saudi-US Trade Group, Washington, DC

Leave a Comment

Previous post:

Next post: