News – 2011.11.02

Published: November 3, 2011

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

11.2.11 EDITION

Hajj Underway: WASHINGTON POST

11/2/11

In a slideshow, the Washington Post features pictures from this year’s Hajj. IRANIAN PILGRIMS DEPORTED FOR FORGED VISAS: The Iranian Foreign Ministry has confirmed that Saudi Arabia has deported 150 Iranian hajj pilgrims who were charged with entering the country with forged visas, Radio Free Europe reports. BRITISH COUPLE KILLED IN BUS FIRE: Tributes have been paid to a couple who died in a bus fire in Saudi Arabia. The bus was in the outskirts of the country’s second largest city Jeddah when it caught fire. The British embassy in Riyadh said the fire was not being treated as suspicious as it was thought the engine had overheated, BBC reports.

Saudi Succession and Stability: The Begin-Sadat Center for Strategic Studies

Joshua Teitelbaum | 11/1/11

“The smooth succession of royals is crucial to the stability of the Saudi oil state. Ever since King Faysal, the Saudi monarchy has alternated branches of the family on the throne in order to maintain a degree of balance between competing royal family factions. This principle is likely to hold true today.”

Saudi Petchem Giant SABIC Launches Venture Capital Arm: REUTERS

11/1/11

Saudi Basic Industries Corp (SABIC) has set up a new venture capital arm to invest in innovative technology and companies as it seeks to expand beyond petrochemicals, which have made it one of the world’s largest chemicals companies.

HSBC To Resurrect Saudi Exchange-Traded Fund: FINANCIAL TIMES

Camilla Hall | 11/2/11

HSBC is due to test demand for Middle East exchange-traded funds this month, when the bank resurrects plans to launch a sharia-compliant vehicle to trade on Saudi Arabia’s stock market.

Saudi Arabian Banks Lend More on Surge in Government Spending: Arab Credit: BLOOMBERG

Glen Carey | 11/2/11

Saudi Arabian banks are lending more as government spending boosts confidence in the country’s economy, benefiting companies including Saudi Arabian Mining Co. and Saudi Electricity Co.

US Firm Wins Deal to Plan Saudi Homes Boom: ARABIAN BUSINESS

11/2/11

US-based Parsons said on Wednesday it has been awarded a contract to master plan thousands of new homes in Saudi Arabia. The award of the first package released by the Saudi Arabian Ministry of Housing as part of a programme to build 500,000 houses over the next few years comprises 32 million sq m of land.

Finance Minister to Lead Saudi Delegation to G20 Summit: ARAB NEWS

11/2/11

On behalf of Custodian of the Two Holy Mosques King Abdullah, a Saudi delegation led by Finance Minister Ibrahim Al-Assaf will attend the G20 summit in France on Thursday.

Saudi Construction Deals Reach $48b In 9 Months: SAUDI GAZETTE

11/2/11

Saudi Arabia awarded a total SR179.5 billion ($48 billion) of contracts in the first nine months of the year compared with 106.8 billion riyals last year, the National Commercial Bank (NCB) said Tuesday in a study on construction contracts.

Iran Sends U.S. a ‘Rant’ Over Plot: POLITICO

11/1/11

Iran has sent the United States a seven-page “rant” denying responsibility for the alleged terror plot to kill Saudi Arabia’s ambassador to the U.S., State Department spokeswoman Victoria Nuland said Tuesday.

Siemens To Train Saudi Graduates: TRADE ARABIA

11/2/11

Global technology giant Siemens has signed a contract with Saudi Petroleum Services Polytechnic (SPSP) for the training and employment of 40 graduates from the institute.

Saudi Investments in Lebanon Hit US$5.33 Billion: AL BAWABA

11/2/11

The head of the Saudi-Lebanese Business Council, Abdul Mohsen al-Hukair, has unveiled that Saudi investments have increased in Lebanon.

Education Expert To Saudis: Focus On Quality, Not Quantity: ARAB NEWS

11/2/11

Saudi Arabia needs to examine its education model if it wants to really deliver high quality primary and secondary teaching for its youngsters, according to a top education expert in Doha on Tuesday.

More News and Commentary from SUSTG

ISRAEL: SETTLEMENT EXPANSION TO BE RUSHED

In an announcement on the heels of the Palestinian victory at UNESCO, Israel says it will speed up Jewish settlement construction in the West Bank and East Jerusalem – and temporarily freeze the transfer of funds to the Palestinian Authority, BBC reports. The action is likely to escalate tensions and anger Palestinians. Almost 500,000 Jews live in settlements on occupied territory. The settlements are illegal under international law. REPORTS SAY ISRAEL DEBATING ATTACK ON IRAN: Israel test fired a missile from a base on the Mediterranean Sea amid local newspaper reports that Prime Minister Benjamin Netanyahu was lobbying his Cabinet to support possible action against Iran’s nuclear program, BusinessWeek reports. ISRAEL AUTHORIZES USE OF FORCE TO PREVENT MISSILE STRIKES: Israel has authorized its military to take all necessary steps to stop rocket fire from Gaza, including a ground operation, an Israeli military official said Tuesday, as Egypt worked on a truce and said Israel had agreed to delay stepping up its response, AP/Time reports.

FRANCE: MAGAZINE ATTACKED AFTER PROPHET CARTOON

The headquarters of French satirical magazine Charlie Hebdo were gutted on Wednesday by what its editor said was a firebomb, after it put an image of the Prophet Mohammed on its cover. This week’s edition shows a cartoon of Mohammed and a speech bubble with the words: “100 lashes if you don’t die of laughter.” It has the headline “Charia Hebdo,” in a reference to Muslim sharia law, and says Mohammed guest-edited the issue.

SYRIA: ARAB LEAGUE TO UNVEIL SYRIA PLAN AS VIOLENCE CONTINUES

Violence continued in Syria Wednesday with at least nine deaths as the Arab League is expected to announce a plan to curb the months-long government crackdown on dissenters, VOA reports.

AFGHANISTAN: NO PEACE WITHOUT ‘STRONG REGIONAL CO-OPERATION ON TERROR GROUPS’

Afghan President Hamid Karzai has warned a key global conference in Istanbul that there will be no peace for his country without strong regional co-operation on “terror groups.” He said terrorist networks “outside of our border” were conducting a “merciless campaign of destruction,” BBC reports.

EGYPT: ACTIVIST SAYS MILITARY HAS ‘HIJACKED’ REVOLUTION

The jailed Egyptian revolutionary Alaa Abd El Fattah has written a secret letter from his prison cell, accusing the country’s military rulers of murder and lamenting what he views as the army’s hijacking of the revolution, The Guardian reports.

OPINION: FREEDOM IS MESSY, BUT BEATS DESPOTS

The Arab Spring toppled dictators in Tunisia, Egypt, and Libya. Yemen and Syria may be next. Though trials remain, we are witnessing an extraordinary fight for freedom. What emerges may not be the kind of democracy Westerners want, but it beats tyranny, John Hughes (CSM) 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>