/Provided as a service from the Saudi-US Trade Group, Washington, DC/
“Top OPEC exporter Saudi Arabia will keep increasing annual budgets to diversify its oil-based economy and invest in infrastructure, King Abdullah said in remarks published on Monday.”
“The leaders of Syria, Turkey and Qatar on Monday threw their weight behind mediation by Damascus and Riyadh to resolve the political crisis in Lebanon, the Syrian news agency SANA reported.”
JP Morgan Launches Treasury, Money Market, FX Operations In Saudi: BANKING BUSINESS REVIEW
“JP Morgan has launched treasury, money market and FX operations in the Saudi Arabia, as part of expansion efforts in the country.”
“The Banker magazine has named Muhammad Al-Jasser, governor of the Saudi Arabian Monetary Agency (SAMA), as the Central Bank Governor of the Year, Middle East. The Banker commended Al-Jasser for his management of the banking industry.”
Ex-Tunisian President May Head To Canada After Saudi Stay: MONSTERS AND CRITICS
“Deposed Tunisian president Zine el-Abidine ben Ali is expected to head to Canada after a stay of several months in Saudi Arabia, according to sources Monday.”
Saudi Arabia Looks To Restore Pride At Asian Cup After Firing Coach And Football President: GOOGLE NEWS
Caroline Cheese | Canadian Press | 1/16/11
“The Saudi team has lurched from one crisis to the next in Doha. A shock opening 2-1 defeat by Syria, one of the lowest ranked teams in the tournament, triggered the firing of Portuguese coach Jose Peseiro, but things didn’t improve.”
New Initiative To Inspire Saudi Women: ARAB NEWS
Diana Al-Jassem | 1/16/11
“For the first time in the Kingdom, an initiative fostering dialogue between successful Saudi women and other aspiring female members of the public, will kick off in Jeddah on Jan. 25.”
Pakistan, Saudi Air Forces Conduct Joint Exercise: DAILY TIMES
The exercise commenced on January 6 and will be completed by January 19. A PAF contingent comprising F-16 and Mirage aircraft and that of the RSAF consisting of F-15 aircraft are participating in the exercise in which air operations are being executed in near realistic environment.
Saudi Arabia has adopted sustainability as a fundamental focus in the Kingdom’s recent boom in construction projects. The Saudi Green Building Council and local authorities are committed to developing a set of green building codes for the country which will enhance sustainability through the Kingdom’s culture, heritage and national identity.
In the aftermath of the toppling of Tunisia’s government and the ouster of its President, Ben Ali, citizens are speaking up about the imprint made by Ben Ali on all aspects of public life during his 23 years of rule, writes Borzou Daragahi (LAT). “But his most lasting stamp on the country may be the RCD,” the 200,000 member party of the President that enabled citizens to spy on each other. INSTABILITY: Tunis, the capital of Tunisia, is reportedly being controlled by small factions of armed men, Kristen Chick (CSM) reports. WALT: Stephen Walt (FP) explains why he thinks the Tunisian revolution will not spread.
“Israel’s defense minister, Ehud Barak, broke away Monday from the left-leaning Labor Party he had led and formed a smaller, centrist faction that will stay in the governing coalition under a new name,” reports Ethan Bronner (NYT). “The surprise move shook up Israeli politics but was expected to have little impact on its policies.”
In Afghanistan, the government “and its international partners are set to approve a plan that would expand the nation’s army and police forces to up to 378,000 personnel by October 2012, a 42 percent increase over the current level,” Ray Riveria (NYT) reports.
A Yemeni court “sentenced in absentia U.S.-born militant cleric Anwar al-Awlaki to 10 years in prison Monday for charges of inciting to kill foreigners, the state-run SABA news agency reported,” CNN reports.