News-2013-01-14

Published: January 14, 2013

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

Breakthrough in Saudi Arabia: 30 women named to parliament

King Abdullah Bin Abdul Aziz of Saudi Arabia issued Friday a historic decree allowing women to be members of the kingdom’s previously all-male Shura Council for the first time. The decree amended two article in the council’s statute introducing a 20 percent quota for women in the country’s …

Al-Assaf, Al-Rabiah Headline Important Private Sector Initiative in Riyadh

The high-level meeting, an ambitious private sector initiative, addressed joint Arab action agendas, with 21 proposals of developmental projects discussed. Saudi Finance Minister Ibrahim Al-Assaf and Commerce Minister Tawfig Al Rabiah headlined this important event in Riyadh, which was widely …

Saudi students flood U.S. colleges for English lessons

In just seven years, Saudi student enrollments have skyrocketed from 11,116 in 2006, to 71,026 last year, according to the Saudi Arabian Cultural Mission to the United States, the Virginia-based agency that administers the scholarship. Nearly all recipients (95%) start with language training, …

Energy Journal: Saudi Moves Roil Oil Market

There is broad consensus that the oil market looks oversupplied this year, albeit with imports to China–the driver for most of the demand growth for the past few years– likely to increase in 2013, according to The WSJ’s Wayne Ma. The U.S. Energy Information Administration says that average …

4 killed, 40 hurt as cold snap continues

A sweeping cold wave and snowfall in the northern Tabuk region has resulted in several traffic accidents over the weekend killing at least four people and injuring 40 others, the Saudi Press Agency reported Saturday. Atta Al-Omrani, health affairs spokesman in the region, said most of the …

Small step forward for Saudi women, but will it affect their daily lives?

Still, al-Huwaider said, ‘It’s good, though, because you’ll see women doing the same job as men. These women will be role models for the younger generation and maybe in the future we’ll have women who are elected, not just appointed. At the end of the day, we’re happy but we’re still waiting …

SR3,000 minimum salary set for Saudis in private firms

The Labor Ministry said yesterday that it would implement the new minimum salary system on Feb. 2 in order encourage private firms to increase salaries for Saudi workers.Under the new system a Saudi worker should be paid a salary of not less than SR3,000 to consider him/her as a full Saudi …

Who Failed Rizana Nafeek?

Rizana Nafeek was beheaded on 9 January, less than two days after a final appeal made by Sri Lankan President Rajapakaa. The several clemency appeals made by Sri Lanka, other states, and human rights organizations failed largely due to the disastrous interplay between Saudi’s flawed legal …

Saudi Arabian banks report high earnings

Early signs from Saudi Arabias earnings season show the countrys banking sector steamed ahead during the fourth quarter, with blowout earnings at each of the kingdoms lenders having reported so far. The profit growth figures are the envy of almost every bank in the region….

Saudi king names new governor for restive oil region

Saudi Arabia’s King Abdullah appointed Prince Saud bin Nayef as governor of the oil-producing Eastern Province, the Royal Court said in a statement carried by state news agency SPA on Monday. The Eastern Province is home to the country’s Shi’ite Muslim minority which has held protests over …

Kingdom to invest SR37b in telecom sector this year

SAUDI Arabia will invest up to SR37 billion in its telecom sector this year alone, with future forecasts predicting investments of up to SR50 billion by 2015, putting growth rates at more than the rest of the GCC telecom markets combined. Being the largest telecom market in the GCC, Saudi …

Kuwait knocks Saudi Arabia out of Gulf Cup

Kuwait knocked Saudi Arabia out of the Gulf Cup by beating coach Frank Rijkaard’s side 1-0 on Saturday to secure a place in the semifinals. The loss comes almost a year after the once-powerful Saudi side failed to advance in 2014 World Cup qualifying. The latest setback is likely to increase …

Saudi king orders 500 tons of wheat to Syrian refugees in Jordan

After a U.N. appeal for more assistance to Syrian refugees, Saudi Arabia decided to boost its humanitarian assistance to the 30,000 Syrians refugees in Zaatari who are battling mud and sub-zero temperatures. Previously, Saudi distributed about 10,000 food baskets as well as 700 heaters. On …

Powell defends Hagel nomination

Former secretary of state Colin Powell on Sunday defended former Nebraska senator Chuck Hagel’s qualifications to be the next defense secretary, saying in a lengthy interview that he expects Hagel to be confirmed. ‘I think he gets confirmed,’ Powell said on NBC News’s ‘Meet the Press.’ ‘I …

A Trail of Bullet Casings Leads From Africa’s Wars to Iran

And for the past several years, even as Iran faced intensive foreign scrutiny over its nuclear program and for supporting proxies across the Middle East, its state-manufactured ammunition was distributed through secretive networks to a long list of combatants, including in regions under United …

Iran-Egypt: Prospects of a New Alliance?

After 32 years without diplomatic relations, Egypt and Iran have initiated a dialogue since the Muslim Brotherhood has risen to power. But the Islamic Republic and the Brotherhood are not natural allies. The Brotherhood is a mainstream Sunni Islamist group that is more aligned to other Arab …

Egyptian Court Overturns Mubarak’s Conviction

An Egyptian appeals court on Sunday threw out the guilty verdict and life sentence against former President Hosni Mubarak on charges that he allowed the killing of protesters. The court ordered a new trial, which would once again send the ailing autocrat rolling on a stretcher into the steel …

Clearing protesters from West Bank site, Netanyahu pledges to build settlement

Israeli Prime Minister Benjamin Netanyahu promised Sunday to follow through with plans for settlement construction in a key West Bank area known as E-1 after police evicted scores of Palestinian protesters who had set up a tent camp there. ‘We will complete the planning, and there will be …

Tunisia sends in army after border town unrest

The protesters, who are demanding a series of development projects to revive the area’s local economy and reduce unemployment, asked on Saturday that soldiers be sent in to keep the peace in the town. Tunisia’s military is better thought of by the people than the police force, which was at …

Saudia’s dilemma: To seat or not to seat

On a domestic route, there is one thing that some Saudi passengers will never respect when flying — to sit on the seat allotted to them by the airline, which in this case is Saudi Arabian Airlines (Saudia) for now. But things may change with the opening up of the skies for the domestic …

Saudi Sovereign Wealth Fund Acquires Stake in Utility ACWA Power

Sanabil, the Saudi Arabian sovereign wealth fund, acquired a 19 percent stake in Acwa Power International with the country’s pension agency.ACWA issued 89.5 million new shares to Sanabil and the Pension fund and each will have a seat on ACWA’s board of directors, the company said in an e-mailed …

Opinion: Karen Elliott House’s On Saudi Arabia

I finished reading House’s book On Saudi about two weeks ago and I’ve had quite a few people ask me what I thought about it. I tell them generally what I thought which is that it struck me as a book where it seems that in an overenthusiastic frenzy to be bold, she didn’t have much regard for …

Ancient tombs unearthed in Egyptian city of Luxor

Italian archaeologists have unearthed tombs in the southern Egyptian city of Luxor that are more than 3,000 years old. Egypt’s antiquities ministry says the tombs were found under the mortuary temple of the Pharoah Amenhotep II, who reigned from 1427 BC to 1401 BC. The temple is located …

TASI – 1/14/13 – down .38%

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