/Provided as a service from the Saudi-US Trade Group, Washington, DC/
Caryle Murphy | 9/6/11
“Just as that fateful, blue-sky day of September 11, 2001 changed America, it also changed Saudi Arabia, an important U.S. ally, but also the place where some of 9/11’s seeds were sown. The terrorist attacks that day were a prelude to internal struggles that have preoccupied Saudi Arabia ever since. First came shock and shame at the large role of Saudis in the 9/11 attacks, followed by an al Qaeda-led insurgency that traumatized the kingdom and left 164 people dead.”
Long before it understood the value of oil, the desert kingdom of Saudi Arabia knew the worth of water.
But the leading oil exporter’s water challenges are growing as energy-intensive desalination erodes oil revenues while peak water looms more ominously than peak oil — the theory that supplies are at or near their limit, with nowhere to go but down.
Two Reasons Why Asia’s Still Thirsty for Crude Oil: ECONOMIC TIMES
“Two seemingly unrelated bits of news on Monday show why there is hope that Asia’s oil demand remains robust even as the global economic outlook darkens. Firstly, Saudi Aramco saw fit to raise the premiums it will charge refiners in Asia for crude supplies for October, a sign the world’s biggest oil exporter isn’t too worried about slowing demand. And secondly, China made a major revision to its July crude import figures, saying it actually imported 6.3 percent more than earlier reported, as some Russian pipeline imports weren’t counted.” MIDDLE EAST OIL GAINS AS SAUDI ARABIA RAISES OFFICIAL PRICES: Christian Schmollinger (Bloomberg) reports, “Middle East oil for sale to Asia gained after Saudi Arabia raised its official prices, prompting some refiners to consider regional alternatives.”
Kingdom’s Economy to Dodge Global Concerns: SAUDI GAZETTE
“Saudi economic outlook maintains its upward momentum as shown by a recent pick up in domestic credit in the Kingdom, the Riyadh-based Jadwa Investments said in a study.”
Egypt expects to reach a loan agreement with Saudi Arabia and the United Arab Emirates worth several billions of dollars each soon, while another $500 million should come from the Arab Monetary Fund, the country’s finance minister said on Wednesday.
P. K. Abdul Ghafour | 9/6/11
“Saudi Customs made SR15.1 billion in revenue in 2010, registering a 14.25 percent increase compared to 2009, the department’s annual report said on Tuesday.”
Walaa Hawari | 9/6/11
“The national “Hafiz” program to help job-seeking citizens that was established as per the directives of Custodian of the Two Holy Mosques King Abdullah is not a social security allowance but a way to motivate those looking for work, said Labor Minister Adel Fakeih.”
Tarek El-Tablawy | 9/6/11
“Uprisings this year across the Arab world — stoked by chasms of income disparity, high unemployment and inflation — are now being addressed with pledges of money.”
“Royal consent has been given to raise the diyyah (blood money) limit for murder to SR400,000 and accidental killings to SR300,000…The newspaper said the adjustments were requested by the Supreme Court in light of the hikes in the price of camels.”
Report: 82% of Arrested Beggars are Expats: SAUDI GAZETTE
Faris Al-Qahtani | 9/6/11
“A report issued by the Ministry of Social Affairs has shown that Saudis make up 18 percent of beggars arrested in 2010 (1431H). The remaining 82 percent are expatriates who came to perform Umrah or Haj, or illegally entered the Kingdom, according to the report.”
SYRIA: DEATH OF POPULAR SUNNI CLERIC STIRS UNREST
“The funeral of an outspoken Sunni cleric who died under tight security in a hospital Tuesday interrupted the calm that has largely prevailed in the Syrian commercial center of Aleppo throughout the nation’s six-month uprising. Plainclothes pro-government security forces attacked mourners, and mourners and activists calling for an end to President Bashar Assad’s regime,” Babylon and Beyond reports.
IRAQ: PLAN WOULD LEAVE SMALL AMOUNT OF U.S. TROOPS
“Defense Secretary Leon E. Panetta is supporting a plan that would keep 3,000 to 4,000 American troops in Iraq after a deadline for their withdrawal at year’s end, but only to continue training security forces there, a senior military official said on Tuesday,” Eric Schmitt and Steven Lee Meyers (NYT) report.
INDIA: TERROR STRIKES DELHI
“Eleven people were killed and at least 76 others were injured in a powerful blast outside Delhi high court gate number 5 on Wednesday morning,” Times of India reports.
ISRAEL: ELUSIVE LINE BETWEEN ISRAEL AND WEST BANK DEFINES LIVES
“For decades Israel has tried to erase from public consciousness the Green Line, the pre-1967 boundary with the West Bank at the heart of stalled negotiations for a Palestinian state. Israel has built on either side of the Green Line and deleted it from textbooks and weather maps. Israeli drivers plying the main Tel Aviv-Jerusalem highway crisscross the unmarked line at the Latrun Interchange every second of the day, slicing through half a mile of West Bank territory and several more miles of no man’s land, oblivious to the area’s fraught history,” Isabel Kershner (NYT) reports.
LIBYA: WHERE IS GADDAFI?
“The Libyan official in charge of the manhunt for Muammar Qaddafi says that the deposed leader was tracked heading south and may be bound for Burkina Faso, which offered to shelter Mr. Qaddafi in the past, Reuters reports in the Christian Science Monitor. SECURITY CHIEF ‘IN NAIMEY’: “Col Muammar Gaddafi’s security chief is among several former Libyan officials who have arrived in the capital of Niger, Niamey, officials there say,” BBC reports.
EGYPT: PROSECUTORS FACE SETBACK IN PROSECUTION OF MUBARAK
“The prospect of convicting former President Hosni Mubarak in the deaths of hundreds of protesters during last winter’s revolution has been complicated by the testimony of four high-ranking police officers that supports the toppled leader,” Babylon and Beyond reports.
BAHRAIN: DARK CLOUDS
“The killing of a 14-year-old boy by police on the island of Sitra on Aug. 31 has reignited simmering tensions in Bahrain. Ali Jawad Ahmad died while attending an Eid al-Fitr demonstration, one of numerous flashpoints in the daily confrontations between anti-government protesters and the security services. His death triggered widespread protests that rapidly spread to most Shiite villages on the Bahraini archipelago. Some 10,000 people attended his funeral and repeated calls for the overthrow of the ruling Al-Khalifa family,” Kristian Coates Ulrichsen (Foreign Policy) writes.
/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./</h4></div>