News – 2012.05.22

Published: May 22, 2012

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

Saudi 2012 oil income seen at all-time high

High oil prices and an expected sharp rise in Saudi Arabia’s crude output will likely boost its oil export earnings to an all time high in 2012 and this will expand its fiscal surplus and foreign assets, according to local forecasts. The world’s oil power house netted its highest crude …

U.S. Approves Tougher Iran Sanctions Ahead Of Baghdad Talks

The United States Senate approved new sanctions against Iran on Tuesday, a day before six world powers are set to meet the Islamic Republic in Baghdad, Iraq for crunch talks over its alleged nuclear weapons program. The measure grants President Barack Obama the power to impose …

Saudi ends above key 7,000 mark

Saudi Arabia closed above a key psychological level as buyers returned to the market in search of bargains after a euro zone-induced sell-off earlier in the week. The Saudi index rose 0.7 percent to 7,029 points, its biggest one-day gain since April 28. ‘It (7,000 level) is a pretty …

The Gulf Military Balance in 2012

The Burke Chair at CSIS is issuing a new report called the Gulf Military Balance in 2012. The report shows that the Gulf military balance is dominated by five major groups of military forces: the Southern Gulf states, Iran, Iraq, outside powers like the US, and non-state actors like the various …

Analysis: The Persian Gulf Needs Its Own NATO

From Riyadh’s perspective, Bahrain is an obvious place to start building the stronger alliance. For over a year, Bahrain’s Sunni royal family, with substantial Saudi assistance, has struggled to suppress an uprising by the country’s Shiite majority, a rebellion the leaders in both countries …

Saudi economic growth seen staying high

Saudi Arabia’s economic growth is expected to remain strong following a 6.8 percent expansion in 2011, the OPEC member’s Finance Minister Ibrahim Alassaf said on Tuesday….

Saudi Arabia Gasoline Imports Double in First Quarter, JODI Says

Saudi Arabia’s gasoline imports doubled in the first quarter as two of the kingdom’s refineries were shut for planned maintenance, according to the Joint Organization Data Initiative. Saudi Arabia imported 81,000 barrels a day of gasoline in the first three months of the year, up from 40,000 …

Playing Catch-Up

Development is going on at such a rapid pace in Saudi Arabia that the government has to play catch-up with infrastructure. Two articles in today’s Arab News point to how the government in Jeddah has lagged behind the growth curve. Similarly, the area’s water distribution system has not kept …

Saudi Arabia: The Culture of Drifting

Drifting refers to when a driver of a vehicle, whether 2, 3 or 4 wheeled, drives the vehicle at an angle zig-zagging across the street while only using half the tires and maintain control. In other words, a young Saudi guy in his car may quickly accelerate while making sharp left and right …

Saudi Arabia’s Bond With U.S. ‘Goes Beyond Energy’

The U.S. and Saudi Arabia have a close relationship with a bond “that goes far beyond energy,” Saudi Oil Minister Ali al-Naimi said. The minister told graduates during his commencement speech at Lehigh University in Bethlehem, Pennsylvania, that “We seek together a world of greater …

$2bn airport projects take lion’s share of transport contracts awarded in GCC

Airports captured the bulk of transportation contracts awarded in the first five months of 2012 with $2bn worth of projects throughout the GCC. Road construction came in second with $1.6bn worth of contracts; followed by port projects valued at $1.2bn while rail contracts awarded reached …

Saudi domestic tourism KSA tourism expenditure over SR 84.5 billion in 2011

A recent study released a statistical report by the Tourism Information and Research Center (MAS), which has unveiled that the Saudi domestic tourism in 2011 reported over SR 84.5 billion in expenditures with an increase of 13.5 percent compared to 2010. Disclosing the major indicators of …

ME’s talent drain in oil and gas sector

The majority of oil and gas executives in the Middle East anticipate a looming talent shortage in all skill categories, the most pressing of which is in operations (81 percent), said a report. Experts focused on the oil and gas sector to gauge the talent trends in the growing industry in a …

Obama’s Journey to Reshape Afghan War

The lessons Mr. Obama has learned in Afghanistan have been crucial to shaping his presidency. Fatigue and frustration with the war have defined the strategies his administration has adopted to guide how America intervenes in the world’s messiest conflicts. Out of the experience emerged Mr. …

Saudi king donates dates to refugees

King Abdullah, through the Saudi Embassy in Manila, donated 60 metric tons of desert grown dates to help address the growing of hunger incidents among displaced families in Mindanao, particularly the provinces of Maguindanao and Lanao del Sur. The donation worth $84,000 to be given to 30,000 …

King Abdullah’s dream realized

A total of 227 students, including 119 postgraduates, 97 with Bachelor’s degrees and others received their certificates from Prince Miteb at a glittering function held at the King Faisal Conference Hall. Congratulating the successful students, Prince Miteb said it is a happy coincidence that …

Change Comes To Saudi Arabia, In Slow Motion

The shock waves of the Arab Spring continue to reshape countries like Egypt and Syria. But the kingdom of Saudi Arabia remains largely unaffected. King Abdullah and the Saudi ruling family are in firm control of the country’s massive oil wealth and Islam’s two holiest sites — Mecca and …

A Quiet Relationship

The Abu Musa and Tunb islands dispute has long been the prism through which outside actors gauge Iran-UAE relations. The issue has certainly garnered a great deal of attention in the international and regional media, as well as at the UN, ever since Iran first took control of the islands after …

Bahrain activist Abdulhadi al-Khawaja attends retrial

The leading Bahraini human rights and political activist, Abdulhadi al-Khawaja, has appeared in court in the capital, Manama, for his retrial. Mr Khawaja, who began a hunger strike in February in protest at the prison sentence he was given by a military court in June, was in a wheelchair….

TASI: 5/22/2012

Outside Sanaa, a struggle for influence grips the new Yemen

Arhab is strategically important because it is near the capital’s international airport and houses the most significant Republican Guard bases in the region. It is also the ancestral home of Abdul Majid al-Zindani, an influential cleric whom the United States has branded a terrorist on …

Saudi Arabia bans using Gregorian dates

Saudi Arabia has banned all government and private agencies from using the Gregorian calendar in official dealings. The use of the English language to answer calls or communicate, mainly in companies and hotels, has also been banned, a local daily said. All ministries and agencies have to use …

UAE firm signs deal for Saudi food retail JV

UAE-based Cravia Holding, owners of the Middle East franchises for Cinnabon, Seattle’s Best Coffee and Zaatar w Zeit (ZwZ), said on Monday it is expanding its operations into Saudi Arabia. The company said it has signed a joint venture agreement with Rawabet Elokhowa Company, part of Al Rajhi …

Saudi prince sues L.A. over Benedict Canyon project

A Saudi prince seeking to build a mansion complex at the end of a private lane in Benedict Canyon has asked the Los Angeles County Superior Court to order the city of Los Angeles to allow the project to move forward without environmental review. In a complaint filed Friday, Tower Lane …

Saudi sheik pardons his son’s killer

Saudi Sheik Khalaf al-Shammari pardoned his son’s killer after receiving a letter from King Abdullah urging him to show compassion, a royal prince said. ‘We came today to deliver the letter of King Abdullah … in the hope that you let the spirit of forgiveness and generosity prevail and you …

 

 

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