News-2013-01-08

Published: January 8, 2013

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

Saudi Arabia Faces Challenge From Its Youth

The biggest challenge facing Saudi Arabia is social and economic: finding jobs for three million Saudi youth by 2015 and six million by 2030. Despite historic government pressure on private companies to hire Saudis, 90% of private sector employees were still foreigners in 2009. Also, the …

Saudi Grand Mufti warns against jihad in Syria

Sheikh Abdul-Aziz bin Abdullah al-Sheikh told mosque preachers during a meeting in Dammam that it is inappropriate for young people to go to Syria for jihad because they will be entering unknown places and might not know under whose banner they will be operating….

Obama Taps Republican Chuck Hagel as Secretary of Defense

For the third time in 15 years, a Democratic President has turned to a member of the Republican Party to run his Pentagon. On Monday afternoon, President Obama nominated former Senator Chuck Hagel of Nebraska to serve as Secretary of Defense. Approval in the Senate — where Hagel served for 12 …

Choice to Lead C.I.A. Faces a Changed Agency

The question that now faces Mr. Brennan, if he is confirmed by the Senate, is whether the C.I.A. should remain at the center of secret American paramilitary operations — most notably drone strikes — or rebuild its traditional espionage capabilities, which intelligence veterans say have …

The Beginnings of A Saudi Arabian Adventure – Day 1

Chance meetings can often lead to remarkable relationships, as was the case when School of Fashion (http://www.fashionschooldaily.com/index.php/tag/school-of-fashion/) Executive Director

Saudi assets gain $100bn in 11 months

Saudi Arabia’s foreign assets gained a whopping R372.4 billion ($100 billion) in the first 11 months of 2012 due to strong oil prices, a monthly average of around SR34 billion, or more than SRone billion a day. Oil prices averaged above $110 a barrel during the first 11 months 2012, nearly …

Manama Dialogue 2012: The US Role in the Middle East – William Burns

It is rare to see so many senior U.S. officials participating in a single, open event in the Gulf of the stature of the Manama Dialogue. Americans participating in the conference included: Deputy Secretary of State William Burns, Senator John McCain, Congressman Michael Rogers and Congressman …

The Saudi judiciary: An imperfect picture

Numerous Saudi state entities have had their fair share of criticism and remarks. This includes vital and major sectors such as health, education and the judiciary, all of which are administrative apparatuses that are directly linked to a citizen’s interests and rights, and all of which …

Saudi Arabia spent $322 bln on education in past decade: report

Saudi Arabia has spent around $322 billion in the last decade on education, Al Eqtisadiya newspaper reported on Tuesday. The expenditures were on university education, technical and vocational training, and the construction of university cities. Part of the spending went to rental schools …

Thanks to Hafiz, 300,000 Saudi women land jobs

The Labor Ministry was successful in employing 300,000 Saudi women in two years, according to Deputy Minister of Labor Dr. Mefreh Al-Haqbani. This is because of the ministry’s enforcement of the decision of limiting employment to females only in shops that sell women’s …

Photos: Saudi Female Football Fans

Football is the most popular sport in Saudi Arabia. But women are not allowed to attend football matches in the conservative kingdom. That’s why many Saudi female fans wait for the chance to attend matches when the national team plays abroad. Photographers for Reuters news agency snapped a few …

A surprising map of the best and worst countries to be born into today

If you came into the world today and could pick your nationality, there are at least 15 better choices than to be born American, according to a study by the Economist Intelligence Unit. The firm looked at 80 countries, scoring them across 11 variables to determine ‘which country will provide …

Opinion: Why Assad may yet claim victory

Reacting angrily to President Bashar al-Assad’s speech on Sunday calling for an end to the rebellion, the US state department said the Syrian leader was ‘detached from reality’. But much the same might be said of the US and of Assad’s other western and Arab foes, and with greater justification. …

U.S. troops prepare to help protect Turkish-Syrian border, prompting skepticism

For now, about 400 U.S. troops are being airlifted from Oklahoma to Incirlik Air Base in southern Turkey. The first wave of troops and supplies arrived Friday, with more scheduled to come in the following days, according to the U.S. European Command. Eventually, the troops will man two …

Bahrain under pressure over refusal to reconsider activists’ sentences

The high-profile case has brought international pressure to bear on Bahrain, criticised even by its friends for failing to implement reforms recommended by an independent commission of inquiry. Monday’s strongly-worded statement by UK Foreign Office minister Alistair Burt reflected that. …

Ansar al-Sharia: Al-Qaeda’s Response to the Arab Spring

This ‘customization,’ or adjustment of the rhetoric of al-Qaeda and the Salafist jihadism, the organization’s ideological movement, came in the form of Ansar al-Sharia. Al-Qaeda has never relinquished its demands to establish an Islamic state instead of a democracy (this is the case of …

Israel warily watches shifts across its frontier with Syria

Israeli officials say they have two main concerns should Assad be overthrown: that Syria’s stockpile of chemical weapons could fall into the hands of Islamist militants, such as the Iranian-backed Hezbollah group in Lebanon, and that a breakdown of security in Syria, particularly near the Golan …

Morsy invites Saudi king to Islamic summit

President Mohamed Morsy has invited the king of Saudi Arabia, King Abdullah bin Abdulaziz Al-Saud, to attend the Islamic Summit which is scheduled to take place in Cairo on 6-7 February. Minister of Foreign Affairs Mohamed Amr announced Morsy’s invitation to the media during a press …

ExxonMobil: Economic gains from unconventional oil and gas development cross US state borders

Newsworthy events that occur during the holiday season often don’t get the attention they deserve. Such was the case with the latest study from the energy consulting group IHS Global Insight on oil and natural gas development from unconventional sources like shale, which came out at the end of …

Saudi Arabia: Example of Breast Cancer Awareness and Proactiveness in Riyadh

As an active cancer warrior whose own journey with breast cancer began in Riyadh, I continue to take a keen interest on what developments are taking place throughout the Kingdom to spread further awareness of breast cancer, its impact on the patient and family and the importance to be proactive….

Banque Saudi Fransi Q4 net profit jumps

Banque Saudi Fransi, the lender part-owned by Credit Agricole, posted a 22.2 percent jump in its fourth-quarter net profit citing higher operating income, it said in a bourse statement on Monday. BSF, Saudi Arabia’s fifth-largest bank by market capitalisation, said it made 808 million riyals …

Iran’s oil exports plunge 40% in 9 months

Iran’s oil exports have been slashed 40 percent in the past nine months because of tough Western sanctions, Oil Minister Rostam Qasemi was quoted as saying on Monday, in a reversal of his previous denials of any decline at all. ‘There has been a 40 percent decrease in oil sales and a 45 …

Anger online as Saudi in his 90s marries 15-year-old

The case of a Saudi man in his 90s who has married a girl of 15 has drawn widespread criticism on Twitter and other social media in the country. Some Saudis have been asking whether the case amounts to trafficking or child abuse. Local media reports say the man paid a dowry of $17,000 …

Abu Dhabi revises unfair contractual provisions of service activities

Abu Dhabi Department of Economic Development is embarking on comprehensive review of unfair contractual provisions which undermine consumers’ rights in many service activities in the emirate, as a prelude to refine contractual terms and set more balanced and just contractual relationships …

BSF’s net income rises to SR 3.01 bn

Banque Saudi Fransi (BSF) announced its year end financial results for the period ended Dec. 31, 2012. Net income during 12 months of 2012 amounted to SR 3.012 billion, an increase of 3.6 percent compared to SR 2.91 billion for the same period last year.Fourth quarter net income for 2012 …

Yamama, Yanbu cement firms’ net profits stronger

Two of Saudi Arabia’s largest cement producers, Yamama and Yanbu have reported some of their results for 2012. The overall pattern is one of profit growth, though Yamama’s profits slipped somewhat in 2012’s final quarter. Yanbu Cement announced a net profit of $192 million (SR720 million) …

Timber in Saudi Arabia: Loggers disrupting Madinah’s environmental balance

Timber loggers are intensifying their ruthless assault on green forests in the absence of deterrent laws. The Ministry of Agriculture’s branch in Madinah held a symposium on the evils of arbitrary tree cutting on the environment. According to a report published by the symposium, there are …

flydubai expands Saudi network with Ha’il route

flydubai, Dubai’s innovative low-cost airline, has added another destination in Saudi Arabia to its network, with two flights a week to Ha’il. Flights to Ha’il, an oasis city in Nejd in the northwest of the country, will commence on Feb. 13, 2013. FZ885 departs Dubai Terminal 2 on Wednesday …

TASI – 1/8/13 – up .55%

Provided as a service from the Saudi-US Trade Group, Washington, DC