News – 2012.06.07

Published: June 7, 2012

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

 

Saudi Arabia Achieving $100 Oil Signals Output Reversal

Saudi Arabia is poised to rein in oil sales after it achieved a $100-a-barrel target by cutting the price of its crude and pumping at the highest rate in at least three decades. The world’s biggest crude exporter started to scale back shipments this month, Vienna-based researcher JBC Energy …

Saudi creates 250,000 jobs

An aggressive campaign launched by Saudi Arabia last year to tackle festering unemployment has produced nearly 250,000 jobs for nationals in the private sector in the first 10 months of the programme. The number is more than five times the number of jobs created by the world’s oil powerhouse …

Global turbulence weighs down GCC markets in May

GCC markets were down in May, losing 6.1 percent after a decrease of 3.2 percent in April, Kuwait Financial Centre (Markaz) said Wednesday. Global factors weighed down on GCC with all the markets ending in red. Dubai was the largest loser shedding 9.8 percent for the month, followed by Saudi …

Wider world opened to Saudis studying abroad

Wearing the black face-covering veil favoured by Saudi women, Maha Mazyad looked through leaflets for prospective jobs with some of the Islamic kingdom’s largest companies at a recent career fair in Riyadh. A few years ago she would have worried about the disapproving reaction of friends and …

Jadwa Chartbook June 2012: Banking

Riyadh-based Jadwa Investments recently released its June, 2012 Saudi chartbook which includes updates on the Saudi economy, trade, oil metrics as well as assessments of various sectors including banking. Below is a snapshot of Jadwa’s banking sector …

The Gulf Cooperation Council Turns 31 – Part 6 – The GCC and the US in Defense

I’ve been asked to speak about defense and security with respect to the U.S. and GCC interests versus Iran. The so-called Arab Spring, the January 2012 U.S. Defense policy pivot and the threat from Iran provide unequaled opportunity for the GCC right now. I posit that this is now a time a …

Compromise candidate likely for Opec post

A competition between Saudi Arabia and Iran over a prestigious Opec post could pave the way for a compromise candidate from a third-party country to take the job, officials and analysts said. Iran yesterday confirmed that former oil minister Gholam-Hosain Nozari had been introduced as Tehran’s …

New Report Finds an Israeli Attack on Iran to be a Comprehensively Bad Idea

Colin Kahl, who until recently served as the Pentagon’s top Middle East policy official, is just out with an exhaustive and authoritative report on the Iranian nuclear challenge. The report, written with Melissa G. Dalton and Matthew Irvine and published by the Center for a New American …

Israel and the United States in Disagreement over Iran

Against the backdrop of the dialogue between the P-5+1 and Iran in recent weeks, two major issues have emerged that display clear differences between Israel and the United States. First, Israel’s timetable vis-à-vis Iran differs vastly from America’s. While Israel operates out of a sense that …

Israel’s key to peace with Palestinians

In 1967, as today, the two power centers in Israel were the IDF high command and the Cabinet. On June 2, 1967, the two groups met at IDF headquarters. The military hosts greeted the generally cautious and dovish prime minister, Levi Eshkol, with such a level of belligerence that the meeting was …

The Case Against Intervention in Syria

In Syria, the brutal regime of Bashar Assad is testing the proposition that repression works. The massacre of civilians in Houla is only the latest example of what appears to be a strategy of making no concessions and using maximum force. To the Assad regime’s way of thinking, Egypt’s …

Upgrading Saudi Infrastructure

If one uses gas for cooking in Saudi Arabia, one also has to contend with buying, filling, and the delivering and storing gas and its containers. Liquified Propane Gas (LPG), it only comes in pressurized 26.5 or 52.5 liter cylinders. Now, the Saudi Cabinet has decided to install a gas pipeline …

Saudi Industrial Fund Approves Loans for 17 Projects, Arab News

The Saudi Industrial Development Fund has approved 17 loans valued at 2 billion riyals ($533 million) to establish 11 new projects and expand six existing ones, Arab News said, citing Ali Bin Abdullah Al-Ayed, the fund’s director general. The loans include 900 million riyals for mining, 355 …

Never-Ending Stories

There are issues in Saudi Arabia which are constant subjects of criticism, always result in new government investigations or programs, and never actually get resolved. Two among them are ‘runaway maids’ and ‘piracy of intellectual property’. The arguments over them have been going on since at …

Panetta Visits Afghanistan Amid Mounting Violence

Leon E. Panetta, the United States defense secretary, arrived in Afghanistan on Thursday, after the deadliest day for civilians this year and amid controversy over a NATO airstrike the day before in which Afghan officials say 18 women and children were killed….

U.S. troops do the vampire shift to avoid Afghan sniper

NATO commanders cite security gains, eleven years in the war, ahead of a 2014 withdrawal by most foreign combat troops, but there are still pockets like this, where the insurgent threat is so potent that U.S. soldiers can barely move. COP Pirtle-King, or PK, is a low collection of rockfill …

Saudi Arabia considers adding soft wheat imports

Saudi Arabia may import soft wheat, in addition to the hard wheat it currently imports, to meet local food demand, opening it up to a wider range of wheat exporters, the kingdom’s Grain Silos & Flour Mills Organization (GSFMO) said on Thursday. The country has increased imports sharply …

Saudi Arabian Solar Chosen by South Africa

Saudi Arabia might not spring to mind as a nation creating the top CSP companies globally, but South Africa just selected as a “preferred bidder” to develop solar, a consortium led by the Kingdom’s own power and water group ACWA Power International. South Africa’s new renewable energy policy …

Middle East Leads World in Negative Emotions

People living in Iraq, the Palestinian Territories, Bahrain, and a few other Middle Eastern countries are among the most likely worldwide to experience a lot of negative emotions on a daily basis, according to Gallup’s Negative Experience Index. Iraq’s score of 59 on the index in 2011 — which …

Saudi Arabia, Germany will boost economic cooperation

Starting a two-day visit to Saudi Arabia, German Economics Minister Philipp Rösler has praised his hosts for their role in supporting the debt-stricken eurozone. Rösler is hoping for lucrative business contracts. Visiting German Economics Minister Philipp Rösler met with Saudi Arabia’s Finance …

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