News – 2012.06.29

Published: June 29, 2012

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

 

How Oil Has Driven Global Conflict For The Past 100 Years

Michael T. Klare recently gave a presentation titled “The Geopolitics of Oil: Old and New” at the Association for the Study of Peak Oil conference in Vienna, in which he speaks about how no other substance in the world is as closely aligned with geopolitics as oil is. Klare describes the …

Sulaiman Al-Rajhi’s life a rags to riches story

Al-Rajhi is a billionaire who chose last year to become a poor man at his own will without having any cash or real estates or stocks that he owned earlier. He became penniless after transferring all his assets among his children and set aside the rest for endowments. In recognition of his …

Saudi crown prince welcomes President-elect Morsi

Saudi Crown Prince Salman bin Abdulaziz Al-Saud sent a message of congratulations to president-elect Mohamed Morsi and the Egyptian nation on Thursday. Salman called for continued cooperation in all domains and praised the firm ties among the two neighbouring Arab states….

An Old Letter from the New Minister

Prince Ahmed was sworn in as the Kingdom’s new interior minister before King Abdullah at the king’s palace last Friday. After the ceremony, he made a general statement in which he thanked the King for his confidence and “on the people to cooperate with the Interior Ministry to maintain security …

Saudi agribusiness market to hit $2.2bn

The agribusiness market in Saudi Arabia will increase by 1.3 per cent year-on-year to hit $2.2 billion in 2012, thanks to the massive investments in the sector by the government with focus on food security, said an expert ahead of an industry event in Riyadh. Saudi Agriculture 2012 expo will …

Can the Geneva meeting on Syria accomplish anything?

The prospects for the emergency meeting on Syria slated to begin tomorrow looked dim Friday, with Syrian President Bashar al-Assad saying that his country’s war is an ‘internal issue which has nothing to do with foreign countries.’ The United Nations Security Council members and Turkey are …

Russian Influence Could Help U.S. Topple Syria’s Regime

What to do in Syria? Western military intervention looks fraught with difficulties, but the situation on the ground is a humanitarian nightmare and is producing greater instability by the week. A recent trip to Turkey and Russia has persuaded me that there might be a path forward. The pressures …

Jobs bonanza for Saudi youth

More than 10,000 jobs will be offered to Saudi youth in a job fair opening in Jeddah tomorrow. The event is being organized under the aegis of Makkah Gov. Prince Khaled Al-Faisal. Six workshops will be organized on the sidelines of the fair to enlighten youth on the successful experience of …

World stocks, euro jump after surprise EU summit deal

World stock markets surged on Friday, propelled by bank shares, and the euro jumped against the dollar after an EU summit delivered surprise emergency measures to fight the eurozone debt crisis. The Madrid and Rome markets were the biggest gainers after emergency aid to crisis-hit Spain and …

Secrets of the Arabian Horse

The Horse: From Arabia to Royal Ascot is the title of a major exhibition at the British Museum and its accompanying book. This is the year of Queen Elizabeth’s Diamond Jubilee, and the exhibition is organised this year, no doubt because the Queen so loves horses. She rides them, breeds them and …

Saudi Women Drive on Anniversary of Campaign to End Ban

Aziza al-Yousef said she took a 15- minute drive in the Saudi capital today to mark the first anniversary of a campaign to end the ban on women drivers in the kingdom. Al-Yousef, a 52-year-old computer science university lecturer, said she encountered no problems driving in support of a call …

Saudi’s king orders huge mosque expansion

Saudi Arabia’s King Abdullah has ordered a major expansion of the Prophet’s Mosque in the holy city of Madinah, it was announced on Friday. Dr Ibrahim bin Abdulaziz Al-Assaf, the Gulf kingdom’s Minister of Finance, made the announcement in comments published by Saudi Press Agency. He said …

Emirates plans Saudi flights boom for Ramadan

Emirates Airline has announced plans to add a total of 73 additional flights to and from Saudi Arabia during Ramadan. Jeddah and Medinah Al Munawarrah will benefit from the extra services, put in place to serve the large number of passengers travelling to the Kingdom for religious based …

Boom Gloom: Contractors face perils in Gulf construction boom | Kippreport.com

The Gulf Arab countries’ enormous wealth and the size of its projects mean rewards can be huge. The total value of construction projects planned or underway in the six Gulf Cooperation Council states – the United Arab Emirates, Saudi Arabia, Kuwait, Qatar, Bahrain and Oman – was about $1.9 …

Resort prices in Jeddah keeppace with rising summer heat

With the official first day of summer ushered in last week and tourist activities in full swing, the prices of cabins at some of the well-known resorts in North Obhur in Jeddah have doubled or even tripled. Blue Beach Resort, a family resort that only rents on an annual basis, used to charge …

Islamic Saudi Academy Lease Renewed Until 2013

The Islamic Saudi Academy will stay in its current home on Route 1 for one more year. The Fairfax County Board of Supervisors voted to renew the ISA’s lease until 2013 last year, Mount Vernon District Supervisor Gerry Hyland told Patch. Hyland confirmed that the Board of Supervisors …

Saudi pharmacy firm to create 500 new jobs

Saudi-based pharmacy Alnahdi Medical Company said on Wednesday it was creating more than 500 new jobs for young Saudi nationals. The company said it was set to take on 50 dermatology and beauty specialists, 250 pharmacist assistants, and 200 cashiers. It added in a statement that the …

Editorial: Close Guantanamo

The US Supreme Court’s recent decision not to take a new look at the rights of foreign prisoners held for the past decade at the Guantanamo Bay naval base in Cuba effectively seals the fate of the 169 foreigners remaining in the notorious prison. Of those still stuck behind bars, 87 have been …

Saudi Professor Faces Charges After Fighting for Free Speech

What are the limits of free speech and open dissent in the Kingdom of Saudi Arabia? They are often unclear and seemingly arbitrary, but there is no doubt that Dr. Mohammad al-Qahtani, a professor and activist, went well beyond them, and he knew it. He was hardly surprised when Saudi …

Five-member team probing rail accident

Train traffic between Riyadh and Dammam resumed late Wednesday after services were disrupted following a derailment that left at least 35 people injured, Saudi railway officials said Thursday. An investigation is already under way to determine the cause of the accident. Speaking at a …

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