News-2013-01-11

Published: January 11, 2013

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

Oil Heads for Fifth Weekly Gain on Saudi Production Cut, Economy

Oil traded near the highest level in almost four months, extending the longest weekly winning streak since August, as Saudi Arabia cut its oil output and investors speculated an economic recovery will boost fuel demand.Futures were little changed in New York after rising for the first time in …

Wintry Weather: Middle East Edition

Following up on yesterday’s essay Wintry Weather, I was struck by photographs of the unusually heavy winter storm that just blanketed many Middle Eastern countries in snow. I discovered a wide range of unique images, from Saudis tossing snowballs to Israelis on sleds to the newly white roofs of …

The Three E’s: A Conversation with Amr Khashoggi

For the first time, I believe, we are seeing the formation of partnerships between those in the private and public sectors in addressing the employment issue. This is a national issue of the utmost importance. It affects us all deeply. We must think first as ‘national citizens’ before we think …

Humor: Things NOT to DO in Masjid

SRBros Entertainment presents a humorous take on behavior you want to avoid when in a mosque. Things Not to Do in a Masjid is another in their series of parodies and skits….

Glut of private cash to keep Gulf’s IPO pipeline dry

The drought in Arabian Gulf initial public offerings will probably continue this year as most of the region’s privately owned companies can expand without raising funds from share sales, according to SEI Investments. ‘The good companies remain very cash-flow positive in the region,’ said …

Saudi Arabia Agribusiness Report Q1 2013

Saudi Arabia’s grain industry is undergoing a major shake-up. The country switched in 2008 from a strategy of self-sufficiency in wheat to the gradual elimination of all water-intensive crops, including wheat, by 2016. Wheat production has fallen on average by 12.0% annually since 2007/08, and …

Sri Lanka recalls envoy from Saudi after maid beheaded

Sri Lanka recalled its envoy to Saudi Arabia after the execution of a Sri Lankan housemaid over the death of an infant in her care in 2005, the government said on Thursday. Rizana Nafeek was beheaded in the town of Dawadmy, near the capital Riyadh, on Wednesday morning after being sentenced …

In Saudi Town, Women Protest Detentions, Leading to Their Own

Last weekend, Saudi security forces encircled and arrested a small group of women who were protesting the long-term detention of relatives without charges on suspicion of terrorism, and the event has touched off nearly a week of unrest in the Saudi town of Buraida. A video, apparently shot …

Hagel, Obama Forged Bond Over Iraq

Mr. Hagel’s unlikely road from Republican stalwart to apostate to nominee for Secretary of Defense begins in Vietnam and takes a sharp turn at Iraq. The son of a lumberyard worker, he grew up in Ainsworth, Neb., joined the Army’s Ninth Infantry Division and in 1968 served as an infantry …

Iraq War Poll Finds Most Think War Was Mistake

On the eve of a potential confirmation battle for secretary of defense nominee Chuck Hagel that may hinge on his opposition to the Iraq war, most Americans continue to think the war was a mistake and was not worth fighting, according to a new HuffPost/YouGov poll. According to the survey, 52 …

US and Afghanistan reach ‘last chapter’

The US and Afghanistan have reached the ‘last chapter’ in their effort to establish a sovereign Afghanistan that can provide for its own security, Leon Panetta, the US defence secretary, said. Panetta made the comments while meeting visiting Afghan President Hamid Karzai at the Pentagon on …

Russia Still Key to Syrian Transition

The Russian diplomats working on resolving the Syrian conflict are more and more frequently heard to say the word ‘Dayton.’ The Dayton Accord of 1995, which ended the war in Bosnia, has faced much criticism since that time, because it has not provided the basis for stable statehood in that …

Role of Syrian women evolves as war rages on

Women and girls were in the forefront when the uprising began nearly two years ago with peaceful protests, in part because they were considered less likely than men to arouse the suspicions of the government’s security apparatus. But now — largely because the men in their lives urged them …

A different Israel after January 22

This is an Israeli right whose soaring political force is Naftali Bennett, an ex-IDF commando, former head of the Council of Settlements and previous top aide to Netanyahu, who brushes aside the notion of a Palestinian state anywhere in the biblical Land of Israel. It’s just not going to …

Three Kurdish Activists Killed in Central Paris

French police officials said a murder investigation had been opened. The bodies and three shell casings were found in a room at the institute. The women were all said to have held Turkish passports. The P.K.K. has been fighting a bitter guerrilla war against the Turkish authorities for …

Rights group warns Pakistan faces worsening sectarian violence

Violence against Pakistani Shia Muslims is rising and some communities are living in a state of siege, a human rights group said on Friday, warning that sectarian violence will only get worse a day after 114 people were killed in bombings. Most of the deaths were caused by twin attacks in …

Iran Finding Ways to Evade Sanctions, Treasury Department Warns

Adam Szubin, director of the Treasury’s Office of Foreign Assets Control, which supervises American enforcement of the sanctions, said the Iranians were using private exchange houses and trading companies in other countries, masking transactions with fake identities and relying on the paperless …

Egypt’s ultraconservative Islamist party elects new leader ahead of parliamentary elections

Egypt’s largest ultraconservative Islamist party, which has emerged as a potent political force in the country, elected a new leader Wednesday after the previous head broke away to form his own political group following months of infighting. Younis Makhyoun, a 58-year-old cleric and trained …

Octogenarian Saudi ‘Red Talal, nicknamed ‘Red Prince’ in his youth for defying the royal family, insisted in an interview with AFP that democratic reforms are needed in the kingdom, including the holding of parliamentary elections. Until such a vote takes place, he said, the advisory Consultative Council …

Opinion: Does Obama Have a Middle East Strategy?

American disenchantment with an ‘Arab Spring’ they see as producing mainly Muslim Brotherhood victories in Egypt and violence in Benghazi is palpable. Between April 2011 and October 2012, there was a 17-point drop in the percentage of Americans who believed that changes in the Arab world would …

Accor inks deal for first Novotel hotel in Jeddah

French-based hotelier Accor has signed a management contract to develop the first Novotel hotel in Jeddah, Saudi Arabia.The new hotel joins Accors rapidly expanding Saudinetwork, which currently includes 12 hotels representing over 3,000 rooms.The management deal has been signed with Sons of …

The Saudi Falcons hit the road for Dubai 24hrs GT3 challenge today

Saudi Arabia’s motorsports team The Saudi Falcons led by Red Bull athlete Prince Abdulaziz Turki Al-Faisal (ATF) will be contesting in the 8th edition of the Dunlop 24hrs race at the Dubai Autodrome today.ATF who will be leading on both legs of the race, will have members Dirk Adorf, Dominik …

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