Saudi-News-2013-01-02

January 2, 2013

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

 

Saudi market cap surged to SR 1.40 trillion in 2012

The Saudi stock market’s turnover showed impressive growth last year, which highlights growing investor interest in the bourse, say top economists.TASI closed 0.9 percent higher yesterday after oil prices edged up on Monday and the US Senate passed a deal to avert a ‘fiscal cliff’. The …

The renaissance of Saudi aviation

With the entry of new airlines, a tough competition is expected in Saudi Arabian domestic and international flight operations.Qatar Airways and Gulf Air and its associates have been selected as the new airline companies to operate domestic and international services to and from Saudi Arabia. …

Why Riyadh Cares about the “Fiscal Cliff”

Crude oil imports for the United States, meanwhile, are down to their lowest level in 12 years. New technologies used in the production of shale oil means the country, the world’s largest oil consumer, is pumping about 7 million barrels of its own oil per day, the most in nearly 20 years. …

2012: A Bad Year for Fatwas

According to this piece from Saudi Gazette, 2012 saw a large number of inane fatwas being issues. The common point, the article suggests, is that they were based on politics more than actual religion, but as a ruling from a religious expert, they nonetheless carry weight. At least for those who …

Does Jeddah’s smoking ban infringe on individual rights?

The Saudi Press Agency announced in July of this year a new policy initiated by the Interior Ministry that banned smoking of cigarettes and hookahs in all government ministries and offices, malls and restaurants. Saudi citizens have reacted differently to the ministry’s decision to ban …

E-commerce in Kingdom needs legislation to thrive

Enactment of necessary laws that will protect both buyers and sellers and ensure the safety and security of electronic data and sites is necessary for electronic commerce sector – which is estimated at SR12 billion – to thrive in Saudi Arabia, industry experts said. Creation of specialized …

New Shoura Members to Be Announced in Two Weeks

Members of the Shoura Council in its upcoming cycle will be announced in two weeks, al-Riyadh daily reported late Tuesday. The council will include women for the first time. Mohammed Al Naji, head of the administration and human resources committee, told the newspaper that the addition of women …

Google holds workshop for Saudi female developers

The first major workshop for female Google developers was recently organized in Dhahran at the Eastern Province Chamber of Commerce and Industry under the patronage of King Abdulaziz City for Science and Technology. Many female participants who are interested in technology, programming, and …

STC adds 429 new broadband network coverage sites

STC added new 429 broadband network coverage sites throughout Saudi regions, furthering its effort to develop an integrated infrastructure and network efficiency by committing itself to offer the latest 3G and 4G broadband services, high-speed 3G services (42Mbps), FTTH services and high – …

Opinion: Saudi National Identity

First, the concept that considers a country as a ‘shared land associated by an active and embodied will to the creation of a state,’ i.e. the idea of a nation is based on the idea of a will to create a state within the borders of a specific area of land. Therefore, an individual belongs to the …

Ryan Crocker: “Chuck Hagel is a statesman, and America has few of them”

The discussion of former Sen. Chuck Hagel’s possible nomination for secretary of defense continues to swirl. I recently joined with eight other senior former Foreign Service colleagues in an open letter expressing our unqualified support for the idea and for Mr. Hagel as a person of integrity, …

The Real Challenges for the New SecDef

President Obama’s 2009 surge strategy for what he and Democrats liked to portray as the “good war” in Afghanistan was premised upon the assumption that the US could quickly build up and train large Afghan National Security Forces (ANSF), including army and police forces. Obama and the …

Syria ushers in New Year with more violence

Syrians woke up to air strikes near Damascus on New Year’s Day and the closure of Aleppo airport after repeated rebel attacks, casting doubts on efforts to end the 21-month conflict. The brutality of the war was highlighted in a graphic new video posted on the Internet by the Syrian …

Iran: another year on the edge of the volcano

In Iran, the controversial two-term presidency of Mahmoud Ahmadinejad is coming to an end and it is far from clear who may succeed him. It can be assumed that Ayatollah Ali Khamenei, Iran’s supreme leader and an anti-western, conservative hardliner, will try to pick his own man for the job. But …

Is Iraqi Kurdistan Emerging as a Tourist Hot Spot?

Kurdistan in northern Iraq — an autonomous region that retains a considerable amount of political freedom from Baghdad — is by far the safest and most accessible area of Iraq to visit. Unlike the rest of Iraq, tourists can wander bazaars freely. Hotels — and homes and businesses — don’t …

Moktada al-Sadr Encourages Demonstrations in Iraq

A populist Shiite leader in Iraq, Moktada al-Sadr, expressed support on Tuesday for fresh protests against Prime Minister Nuri Kamal al-Maliki, a fellow Shiite but his political opponent, saying that Mr. Maliki bears ‘full responsibility’ for the unrest in the country….

In the Middle East, the Arab spring has given way to a Christian winter

Over-zealous teachers in London have recently been pulling Syrian Orthodox refugees out of school assemblies in London, on the basis that Arab children must by definition be Muslims. The truth, of course, is that Christianity is an import from the Middle East, not an export to it. Christians …

Pakistan: Seven charity workers shot dead

Seven charity workers, six of them women, have been shot dead in north-west Pakistan, police say. The women, some of them teachers, were attacked near a children’s community centre. A male colleague died with them. All were Pakistani citizens. Their vehicle came under gunfire near the …

GCC to provide $330m for Jordan’s renewable projects

Jordan is set to receive $300 million from the Gulf states to boost investment in renewable energy, officials say, as Amman looks to solar and wind power as potential solutions to the country’s chronic energy woes, The Jordan Times reported Tuesday. According to Minister of Energy and …

Why demographics are still a concern for some Israeli Jews

There are 5.8 million Palestinians in the West Bank, Gaza, East Jerusalem and Israel, and “the number of Palestinians in historical Palestine will total 7.2 million compared to 6.9 Jews by the end of 2020,” the Palestinian report proclaims.That may be an overly rosy prediction — other …

Poll: Majority of Israeli Jews pessimist about peace prospects

Israeli Jews are becoming more skeptical about a peace agreement with the Palestinians, with 83 percent saying a withdrawal to the pre-1967 borders and the division of Jerusalem would not end the conflict. The poll was the third in a series conducted since 2005 by Dr. Mina Tzemach on behalf …

Saudi to develop Midyan gas field in 2013: oil minister

Saudi Arabia will develop its Midyan natural gas field in the Red Sea in 2013, Oil Minister Ali Naimi said in comments reported on Tuesday in local media. ‘The Midyan field will be developed in 2013 and it would start production within a short period. It would boost electric power plants run …

TASI – 1/2/13 – up 1.17%

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

 

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