News – 2012.05.11

Published: May 11, 2012

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

5.11.12 EDITION

OPEC oil production climbs to 31.71 million barrels per day in April

The latest Platts’ monthly survey of OPEC production shows two highly significant trends: sanctions are starting to pinch Iranian output, and other OPEC countries are stepping in to fill the gap. Crude oil output from the Organization of the Petroleum Exporting Countries (OPEC) climbed …

Saudi Arabia Plans $109 Billion Boost for Solar Power

Saudi Arabia is seeking investors in a $109 billion plan to create a solar industry that generates a third of the nation’s electricity within two decades, according to officials at the government agency developing the plan. The world’s largest crude oil exporter aims to have 41,000 megawatts …

Opinion: Middle Eastern sea routes vital to future oil and gas supply

Almost 15 years ago, I started my career in the oil industry by undertaking training on board large oil tankers that transport crude oil from Saudi Arabia to the United States. The tanker crews always welcomed the shorter trip when we returned via the Suez Canal instead of having to travel …

Syria suffers worst terror attack since start of uprising

Syria suffered its worst terrorist attack since the start of the uprising when 55 people were reported killed and nearly 400 injured in twin car bomb blasts near a government intelligence building in Damascus. Syrian officials and media blamed foreign-backed terrorist groups for the attack …

28 percent Saudi women are unemployed

Unemployment among Saudi women has reached 28 percent, while their representation does not go beyond 1.2 percent in the Kingdom’s 5,214 factories, according to a senior official of the Labor Ministry. Addressing a workshop in Dammam on Wednesday, Assistant Secretary of the Ministry of Labor …

Domestic skies to be opened next year

Saudi Arabia will award licenses to foreign airlines, allowing them to operate both internationally and domestically, later this year. The foreign carriers will then begin offering services in the Kingdom by April 2013, General Authority of Civil Aviation (GACA) spokesman Khalid Al-Khaibary …

Largest Burger King restaurant in Saudi Arabia opens in Riyadh

Continuing the rapid expansion of its restaurant network in the Middle East, the Burger King brand has opened its 65th restaurant in Saudi Arabia in the capital city of Riyadh. Located adjacent to Galleria Mall on King Fahd Highway, the new outlet is the largest Burger King restaurant yet in …

Egypt’s first presidential debate reveals wide open race

Throughout the four-hour presidential debate, the two candidates repeatedly went for the kill. Amr Moussa, the former foreign minister of Egypt and front-runner in the presidential race, tried to paint his opponent as a political chameleon who says what each audience wants to hear, while …

Israeli Coalition Is About a Fair Draft, Not Iran

Israel’s newly expanded governing coalition may be more cautious about bombing Iran, and it may be marginally more open to serious negotiations with the Palestinians. But neither issue was the immediate reason the centrist Kadima party joined the government of Prime Minister Benjamin Netanyahu …

U.S. official doubts Iran can find alternative to central bank

A top U.S. Treasury official said on Thursday that he was skeptical that Iran could find an alternative payment system to its central bank, which is the target of U.S. sanctions aimed at depriving Tehran of funds needed to develop its nuclear program. ‘It’s fair to say that we are going to …

Suicide blast in Damascus leaves more than 50 dead, hundreds wounded

A massive suicide bombing in Syria, timed to explode during the height of the city’s rush hour, caused at least 55 people to be killed and some 350 to be wounded. The blast is the latest installment in the country’s ongoing civil war. Syria’s fragile, United Nations-backed cease fire, if it …

Saudi Arabia keen on African farm investments

Saudi Arabia is encouraging companies to invest in farms in Africa as the kingdom seeks to secure supplies of food imports to replace local production, said Agriculture Minister Fahd Balghunaim. The government decided in 2008 to gradually phase out all water-intensive crops including grains by …

Algerian Islamists: Widespread fraud in elections

An alliance of Islamist parties expecting a strong showing in Algeria’s elections accused authorities Friday of widespread fraud as initial figures pointed to them finishing third, with a spokesman suggesting unrest could ensue. The people of this oil-rich North African nation voted for a new …

Opinion: Saudi banks have a moral obligation to society

In the private sector of most developed countries, large corporations play an essential role in contributing in many ways to society. Warren Buffet and Bill Gates, for example, have lead the way in the US by setting up trusts worth billions of dollars to assist the economy’s development …

Iranian interference pushes young Yemenis towards jihad

Jemajem was frustrated: although Saleh had gone, the separatists had not achieved any of their demands. But help was at hand, the man told him. Was he interested? ‘Of course I was,’ said Jemajem. ‘I would take money from the devil if he could help my nation. A drowning man will hang on to a …

Why green energy might not solve the power crunch

This week, as Japan suspends work at Hokkaido 3, its last operating nuclear reactor, many alarmed by last year’s Fukushima crisis will breathe a sigh of relief. But the shutdown renews concerns over whether green energy sources are capable of picking up the slack as Japan and other countries …

U.S. drone kills 8 militants in Yemen

U.S. drone strikes killed eight Al-Qaeda militants gathered in a house in southern Yemen, tribal sources said Thursday, amid reports a Saudi mole had infiltrated the network and supplied information to the CIA. The strikes took place around midnight Wednesday in the town of Jaar, an Al-Qaeda …

Opinion: Is the Saudi-Egyptian crisis over?

Some took advantage of this incident to protest in front of the Saudi embassy and engage in acts of vandalism. In fact, the attempt to create a rift between Egypt and Saudi Arabia has yielded the opposite results to the disappointment of those who started the escalation and wanted to sour …

Hong Kong hotel group eyes MidEast growth

Swiss-belhotel International Hotels and Resorts is planning to more than double its property portfolio worldwide, with a major focus on further growth in the Middle East. The Hong Kong-based group has signed four new hotels in the region comprising two properties in Oman, and the firms debut …

Oxford University team conducts archeological and climate studies in Saudi Arabia

There is an ancient network of rivers and lakes in the Great Nafud Desert in northern Saudi Arabia, Professor Michael Petraglia, co-director of the Center for Asian Archaeology, Art and Culture at Oxford University and head of an international scientific team conducting archeological studies in …

In UAE, horses are big business as well as passion

When an economic crisis in Uruguay strained the finances of Pio Olascoaga Amaya’s family farm, he found salvation halfway across the world: the horse racing industry of Dubai….

Saudi supports UAE over its three islands

Saudi Arabia today asserted its absolute support for UAE’s sovereignty over its three islands, occupied by Iran….

Bahrain activists burn tires, demand women’s release

Bahraini opposition activists said they blocked roads with burning tires on Thursday to demand the release of women prisoners, many of them locked up during more than a year of protests against the island kingdom’s rulers. Bahrain’s interior ministry blamed ‘vandals’ for the road blockages …

Years of U.S.-Saudi Teamwork Led to Airline Plot’s Failure

When it comes to counterterrorism, the Saudis have been crucial partners, not only for the United States but also for an array of other Western powers. The crucial testing ground for that partnership is now Yemen, where the local affiliate of Al Qaeda continues to plan attacks against Western …

 

  • Saudis emerge as key US ally against terrorists
  • The Failed Bomb Plot Is a Reminder of Why CIA-Saudi Ties Matter
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