News – 2012.06.26

Published: June 26, 2012

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

 

The problem with taxing foreign-earned income

Eritrea is one of only two countries in the world that applies citizenship-based taxation in addition to residence-based taxation. The other? The United States of America. In fact, the US is the ONLY industrialized country in the world to impose citizenship-based taxation. The immediate …

Saudi Arabia helped India nab 26/11 handler Abu Jundal

Saudi Arabia has helped India with a major breakthrough in the probe into the 26/11 attacks by facilitating the arrest of Syed Zabiuddin Ansari alias Abu Jundal, one of the key plotters of the Mumbai raid. Jundal, who directed Ajmal Kasab and other 26/11 attackers from the Lashkar control …

Saudi Arabia keeps oil tap on for world growth, Russia hurts

Saudi Arabia is showing no sign of changing its policy of high oil output to support global economic growth, despite a fall in crude prices below $90 a barrel for the first time in 18 months. Gulf and Western government sources in contact with Saudi officials said the OPEC power can tolerate …

Saudi Aramco Said to Form Venture Firm on Drilling Tech

Saudi Arabian Oil Co., the world’s largest crude exporter, is forming a venture capital company to invest in international startups developing new drilling technologies, a person with knowledge of the plan said. Saudi Aramco, as the state-owned producer is known, wants to adopt the latest …

In Saudi Arabia, Need for Stability Makes Continuity Likely

The purported ideological tug-of-war taking place inside the royal family is a central theme of much of the commentary on Saudi succession scenarios, with the “reactionaries” and “conservatives,” supposedly led by the now deceased Nayyif, on one side, and the “liberals,” including King Abdullah …

Defections, Downed Turkish Jet Worsen Syria Crisis

Syria’s isolation deepened on Monday, hit by a rash of high-ranking military defectors who sought refuge in Turkey, new European Union sanctions and plans for an emergency NATO meeting over the Syrian shooting down of a Turkish warplane….

Arab Women and Men See Eye to Eye on Religion’s Role in Law

The majority of women and men across countries experiencing political upheaval do want some level of religious influence in law, though people’s views of the specific role for Sharia vary widely from one country to another. Those who want no legislative role at all for Sharia are in a small …

Iranian Boycott Targets Rising Food Prices

Iran’s economy has been deteriorating amid domestic mismanagement, corruption and international sanctions that have made it difficult for manufacturers to import raw material and to conduct banking transactions. A European Union embargo on Iranian oil is set to start July 1. Prices of basic …

Seven captured Pakistani soldiers ‘beheaded by Taliban’

Correspondents say the Upper Dir skirmish has provoked new tensions between Pakistan and Afghanistan. Islamabad has often complained that militants use parts of Afghanistan as a sanctuary from which to stage attacks inside Pakistan. That claim helps Pakistan fend off frequent US and Nato …

US drones kill AQAP commander, 2 fighters in southern Yemen

US drones killed an al Qaeda in the Arabian Peninsula commander and two fighters in an airstrike near the southern port city of Aden today. The remotely piloted Predators or the more heavily armed Reapers fired a pair of missiles at a pickup truck traveling in the desert in the Beer Hameed …

Saudi showjumper Dalma Rushdi Malhas to miss Olympics

The 20-year-old showjumper who has been touted to become Saudi Arabia’s first female competitor in the Olympic Games, will not be coming to London after all. Under pressure from the International Olympic Committee (IOC), which insists that every country should field female athletes, the …

World Solar Power Goes Parabolic

As world nuclear power goes into retreat, because of its enormous expense, catastrophe-risk, and complexity, it is power generated by solar that offers easy time-to-completion benefits and project clarity, especially in the developing world. (Indeed, nuclear power again lost primary energy …

Illegal airport taxis frustrate licensed drivers

Licensed taxi drivers and passengers at King Abdulaziz International Airport are calling on airport police to put a stop to unlicensed drivers using their private cars as taxis to pick up passengers illegally. As passengers exit the baggage claim and customs area, individuals sometimes as …

Saudi beheads five Arabs for murder, drugs

Saudi authorities on Tuesday beheaded four of its citizens for murder and a Syrian national for drug smuggling, the interior ministry said. Three Saudi nationals were executed in the kingdom’s eastern Qatif region for stabbing and then shooting to death an Indian, Kohimo Ahmad, after robbing …

Elaf Group to build four new hotels in Saudi

Saudi hospitality firm Elaf Group is to spend SAR400m (US$107m) on building four new hotels in the kingdom, it was announced today. The new properties, located across Jeddah, Makkah and Madina, are due for completion between 2012 and 2014, are part of Elaf’s plan to capitalise on the …

GS, Saipem win Saudi petrochemical deals

South Korean group GS Engineering & Construction and Italy’s Saipem have won deals to expand a petrochemical complex in Saudi Arabia for oil giant Saudi Aramco and Japan’s Sumitomo Chemical. A Sumitomo spokeswoman confirmed on Tuesday that the partners had picked Saipem and GS to work on …

Wa’ed, Sadara in deal

The Saudi Aramco Entrepreneurship Center Company (Wa’ed) concluded an agreement with Sadara Chemical Company to promote small and medium projects. Under the deal, Wa’ed will encourage local small and medium projects in order take advantage of the investment opportunities at the new …

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