News – 2012.06.19

Published: June 19, 2012

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

 

Saudi Arabia names Defense Minister Prince Salman new heir to throne

Saudi Arabia’s ruler named Defense Minister Prince Salman bin Abdul-Aziz is the country’s new crown prince Monday — an expected nod that leaves power still within an aging and shrinking circle of leaders in one of the West’s most critical Middle East allies….

New Saudi Minister of Interior

In addition to naming Pr Salman as the new Crown Prince, King Abdullah named Pr Ahmed bin Abdulaziz, the last of the Sudairi brothers, as Minister of Interior. He has held the position of Deputy Minister of Interior since 1975. Pr Ahmed has been busy, but his activities have been low profile …

The Underestimated Prince Nayef

There are two areas where Saudi Arabia will keenly feel Nayef’s loss. First, his relationship with the kingdom’s powerful religious hierarchy was critical: His ties to the Committee for the Promotion of Virtue and the Prevention of Vice, more commonly known as the haia, allowed him to monitor …

Transition in the Kingdom: A Conversation with Dr. Theodore Karasik

As we all know, Prince Nayef has had a tremendous impact on internal Saudi security needs mainly fighting Al-Qaeda supporters. His passing will likely mean that Prince Ahmed Al-Saud will likely takeover the MOI. He has been a Deputy Interior Minister since 1975. Prince Ahmed is also operational …

Transition in the Kingdom: A Conversation with F. Gregory Gause

This does not appear to be a particularly difficult transition, from the perspective of an outsider like me. Prince Salman was given the Defense Ministry, after his long career as governor of Riyadh, to some extent to give him cabinet and security responsibilities as a precursor to his move …

Kingdom tops GCC list of firms operating in telecom industries

The GCC countries have around 235 companies operating in the various industries within telecommunications sector, according to a report by Kuwait and Middle East Financial Investment Company (KMEFIC). The GCC industry houses a wide range of sub-industries ranging from simple retailers of …

Saudi Arabia Keeps OPEC Spigots Open

In the midst of financial and political turmoil throughout Europe, the Organization of Petroleum Exporting Countries (OPEC) met last Thursday in Vienna, Austria, to discuss the future of oil production. The verdict? Production levels will remain at 30 million barrels per day (bpd.) Some …

Saudi Arabia oil: more stock as exports fall

Saudi Arabia kept more oil in storage in April than at any other time in a decade as OPEC’s biggest producer pumped at the highest level for at least 31 years, official data show. The world’s largest crude exporter stored 284 million barrels inside the country in April, 3.8 percent more than in …

Egypt’s presidential candidates declare victory, but military generals seize power

Both Egyptian presidential candidates claimed victory Monday, even though ballots were still being tallied and the extent of the victor’s power remained unclear after a bold assertion of control by Egypt’s military generals. At an early morning news conference, Muslim Brotherhood candidate …

Iran nuclear talks get nitty-gritty in Moscow

In Moscow today, Iran and world powers began to ‘engage’ in detail about Iran’s nuclear program for the first time, though fundamental differences could prove unbridgeable tomorrow. Such an impasse could jeopardize the diplomatic track and eventually risk another Middle East …

Britain stops Russian ship carrying attack helicopters for Syria

‘We were made aware of the allegations that the Alaed was carrying munitions destined for Syria,’ the company said in a statement. ‘We have already informed the ship owner that their insurance cover ceased automatically in view of the nature of the voyage.’ British security officials confirmed …

Pakistan Supreme Court bars PM Gilani from office

Pakistan’s top court has disqualified Prime Minister Yousuf Raza Gilani from holding office, two months after convicting him of contempt of court. The Supreme Court ruled he had ‘ceased to be the prime minister of Pakistan’. In April, the Supreme Court convicted Mr Gilani of failing to …

2 charged in Afghan mosque bombing that killed 56

Afghan authorities say two men have been charged in connection with a suicide bombing that killed 56 worshippers and wounded more than 160 others last year outside a Shiite shrine in Kabul. The massive attack on Dec. 6, which left behind a grisly scene of bodies and blood, was Afghanistan’s …

Insurance sector attracts investors

The Tadawul All-Share Index (TASI) while reflecting a typical trough-peak combination continued marching its way higher to close in the green at 6,807.51 points yesterday. The index advanced over 53.27 points or 0.79 percent for the entire day. Micro cap surged 2.97 percent among the market …

Saudi airline catering unit IPO seeks $350 million

The catering unit of Saudi Arabian Airlines is seeking to raise 1.3 billion riyals ($350 million) by floating 30 percent of its shares, the prospectus showed as the initial public offer opened to retail investors on Monday. The sale of shares in Saudi Airlines Catering Co has been keenly …

Saudi’s Jabal Omar signs $1.3 bln loan

Saudi Arabia’s Jabal Omar Development Co has signed a 5 billion riyals ($1.3 billion) loan agreement with a group of local banks to refinance an upcoming bridge loan maturity and fund the development of hotels and shops in Mecca. The loan runs for 12 years, with a four-year grace period on …

‘Green hospitals’ in Kingdom a healthy idea

Achieving sustainable health care infrastructure requires big challenges to unify ecological and economical demands of health care sector, says Prof Tawfik Khoja, director general of the Executive Board of the GCC Health Ministers’ Council. He was speaking at the MEDEXPO forum in Jeddah. More …

Opinion: Obama’s ‘kill list’ is unchecked presidential power

The problem isn’t the leaks, it’s the policy. It’s the assertion of a presidential prerogative that the administration can target for death people it decides are terrorists — even American citizens — anywhere in the world, at any time, on secret evidence with no review. It is a policy driven …

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