The Week in Review – 1/10/11 – 1/15/11

Published: January 18, 2011
SUSRIS Daily News – Excerpts from International Media Reports
/Provided as a service from the Saudi-US Trade Group, Washington, DC/

Week in Review  – Week of 1/10/11 – 1/15/11

Saudi-US Commercial Relationship is Solid: SUSRIS

Elizabeth Pfiester | 1/9/11

“Trade and investment have been fundamental elements of the historic Saudi-U.S. relationship since the earliest days of American interest in the Arabian Peninsula…In 2005 the Committee for International Trade (CIT) brought a mission of business people from the Kingdom to the United States to build connections with their American counterparts. CIT’s forecast, at the time, was for $623 billion of new international trade and investment potential in the Kingdom through 2020, and the Saudi team was keen to share those opportunities with the United States.”

Saudi Arabia’s Quest for Foreign Tourists Progresses: MEDIA LINE

Rob L. Wagner | 1/13/11

Saudi Arabia is promoting aggressive tourism programs “to wean itself from oil revenue. The bid to attract tourists goes hand in hand with King Abdullah’s efforts to build six economic cities to diversify its economy and to attract Western investors. The same strategy applies to the tourism sector.” ‘45K JOBS’: “Fahd Al-Othaim, the executive head of the Al-Othaim Investment and Development Company, has said that the tourism industry in the Kingdom will provide over 45,000 new jobs by 2014, bringing the total number of employment positions in the sector to 590,000,” Saudi Gazette reports.

Saudi Arabia’s War Against Al-Qaida: JERUSALEM POST

Yaakov Lappin | 1/14/11

The Saudis have taken up the struggle against global terror, and are also being forced to confront a growing domestic threat to unseat their rulers. “The war between Arab governments and militant Salafi Islamists led by al-Qaida plays out across the Middle East and beyond on a daily basis.”

Wanted Saudi Men Include Dangerous Al Qaida Leaders: GULF NEWS

Abdul Nabi Shaheen | 1/11/10

“A spokesman for the Saudi Interior Ministry, Major General Mansour Al Turki, has revealed that the 47 wanted Saudis whose names were announced by security forces on Sunday include leaders of Al Qaida. He added that all the wanted men are Saudis hiding outside the kingdom.” INTERPOL: Interpol has been informed about the 47 suspected al-Qaeda militants wanted by Saudi Arabia, and has issued international alerts for the men, BBC News reports.

Saudi Petrochemical Exports Reach Eight-Month High: BLOOMBERG

Wael Mahdi | 1/10/11

“Saudi Arabia’s petrochemical exports reached an eight-month high in November, mainly due to strong demand from China, India and other Asian countries, government statistics showed today.”

Saudi Ups Wheat Reserves To Cover 1-Year Needs: TRADE ARABIA

1/11/10

“Saudi Arabia is boosting wheat reserves to cover its needs for a year instead of six months, the head of the kingdom’s grains authority said.”

Delta Wants Saudi On The Team: AVIATION RECORD

1/14/10

“Delta issued a statement saying: “Saudi Arabian’s growing hub in Riyadh and extensive network throughout the Middle East will bring Delta customers greater access to destinations across one of the world’s most important economic regions,” said Charlie Pappas, Delta’s VP – Alliances.”

Saudi Arabia, Qatar Favored at Credit Suisse Among GCC Markets: BLOOMBERG

Zahra Hankir | 1/13/11

“Credit Suisse Group AG recommends equities in Saudi Arabia because of the possibility of an easing of foreign ownership restrictions in the Persian Gulf’s biggest stock exchange.”

Saudi Woman Jailed For Abusing Indonesian Maid Sumiati: BBC NEWS

1/10/11

A court in the Saudi city of Medina has sentenced a woman to three years in jail for the severe physical abuse of her Indonesian maid.

Saudi Begins Building New $7.2 Bn Jeddah Airport: AFP

1/12/11

“Saudi aviation minister has kicked off the construction work on the new terminal at Jeddah airport which will cost 27.1 billion riyals ($7.2 billion).”

Saudia-Skyteam Deal To Boost Passenger Services: ARAB NEWS

Naif Masrahi and Jassim Alghamdi | 1/12/11

“Saudi Arabian Airlines’ agreement with the SkyTeam Alliance will see much-improved services for passengers, according to Eng. Khaled Al-Mulhem, General Director of Saudia, who spoke at a press conference Monday at Laylaty Festival Hall, shortly after the deal was signed.”

Saudi Sovereign Debt Rated One Of World’s Least Risky: Report: ECONOMIC TIMES

1/10/11

“Saudi Arabia has been ranked as one of the world’s least risky debt sovereigns, data from a financial research firm has revealed. CMA Vision’s fourth quarter sovereign debt credit risk report placed the GCC giant at 10th place in the world. “

Lawyer Raises Concern At New Media Regulation: ARAB NEWS

Walaa Hawari | 1/13/11

“A Saudi lawyer has raised concerns at a recent Ministry of Culture and Information announcement that requires anyone who writes for the Web to register with it.”

Why Hillary Clinton Made A Surprise Stop In Yemen: CHRISTIAN SCIENCE MONITOR

Laura Kasinof | 1/12/11

“Secretary of State Hillary Clinton paid an unannounced visit to Yemeni President Ali Abdullah Saleh in Sanaa today, highlighting the country’s rising importance in US foreign policy despite a sometimes rocky relationship.”

/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 Review./