News-2013-01-15

Published: January 16, 2013

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

Obama meets new Saudi interior minister at White House

President Barack Obama met Saudi Arabia’s new interior minister, Prince Mohammed bin Nayef, on Monday to discuss security and regional issues, the White House said. Prince Mohammed, appointed in November after the death of his father, veteran Interior Minister Prince Nayef bin Abdulaziz, is …

Squabbling over share: Saudi faces battle over oil market share

Fracking and a global surge in offshore exploration pose the biggest challenge to Saudi Arabia’s oil policy since the 1980s. For Saudi policymakers, the question will be how to maintain market share and export revenues amid a host of competing supplies from shale and other unconventional …

A Kingdom’s Future: Saudi Arabia Through the Eyes of its Twentysomethings – video

The ‘Arab Awakening’ has focused the world’s attention on young people in the Arab world, where they have been agitating for political reform. But what about young Saudis, who have not taken to the streets like many of their peers? Have they been affected by the ‘Arab Awakening?’ A Kingdom’s …

Saudi King Invites Women To Join The Debate…

King Abdullah has a more progressive record on the status of women than any of his predecessors except perhaps the late King Faisal, who beat back the objections of the religious establishment and social conservatives — powerful forces in Saudi Arabia — to establish the first schools for …

New Emirs of EP, Madinah pledge to serve citizens

A Royal Court statement earlier Monday said that the King appointed Prince Saud Bin Naif as Emir of the Eastern Province and Prince Faisal Bin Salman as the Emir of Madinah region. The two new Emirs pledged that they would exert utmost efforts to live up to the expectations of the King and …

Opinion: Saudi Royal Family Politics and the Arab Spring

But there are also other issues besides the Eastern Province troubles behind the reshuffles. At the same time as the replacement of Muhammad bin Fahd, Faisal bin Salman bin Abdul Aziz was named governor of Medina. This coincidence points to the importance of the quest for the throne after the …

Abu Dhabi Buzzes On Eve of World Future Energy Summit ‘13

World Leaders, Luminaries, Companies and Businessmen Descend on Abu Dhabi For the 6^th edition of the World’s Largest Renewable Energy Conference and Exhibition [Abu Dhabi] – This week, world leaders, government officials and delegations, business executives, academics, engineers, …

Saudi ripe for budget hotel building boom

Around 1,182 economy hotel rooms are set to be added to the Kingdom of Saudi Arabia by 2015, although there is the potential for almost 35,000 more in the market, according to a new report. Budget operators such as Ibis, Centro, Premier Inn and Holiday Inn Express have already made inroads …

ACs use 70% of electricity consumption in Kingdom

‘Around 70 percent of electricity consumption in Saudi Arabia go on air conditioning and with more than 1.5 million new homes needed to keep pace with population growth, domestic energy demand is anticipated to double by 2030,’ said Dr. Saleh Al Awaji, Deputy Minister of Water and Electricity, …

ACWA-Led Group Wins Bid to Build $2.6 Billion Saudi Power Plant

ACWA Power International and partners including Samsung C&T Corp. (000830) won bidding to build a $2.6 billion power plant on Saudi Arabia’s Red Sea coast, the state news agency reported.Saudi Electricity Co. (SECO), the government-controlled distributor, awarded the contract to the …

Saudi clerics demand fair trials for prisoners

More than 100 Saudi clerics have signed a petition calling for fair hearings for prisoners held on security grounds in the conservative kingdom, which has arrested thousands of people in a campaign against Islamist militants.The petition, prompted by the detention earlier this month of 11 women …

Almarai builds Saudi Dairy Fortune in Desert

The herd is one of hundreds owned by Almarai Co. (ALMARAI), the biggest food producer in the Persian Gulf, which processed about 235 million gallons of milk in 2012. The Riyadh-based company’s revenue has almost tripled in the past five years to 7.95 billion riyals ($2.12 billion) as demand for …

Video emerges as serious contender for online advertising budgets

ikoo, the integrated digital marketing solution provider with the largest reach in MENA has announced plans to launch its own Video Network as video emerges as a serious contender for online advertisement budgets, with organizations discovering the advantages of consumer interest and retention …

Saudi Arabia Travel Journal, Day 6

Our Saudi Arabian adventure for the Harvey Nichols Design Project continued into the desert outside Riyadh. We first drove to the Edge of the World – literally the edge of a massive cliff – what many consider the ‘Grand Canyon of Saudi.’ It was beautiful to look out over the landscape from our …

Old Foes Lead Charge Against Chuck Hagel

The campaign now being waged against Mr. Hagel’s nomination as secretary of defense is in some ways a relitigation of that decade-old dispute. It is also a dramatic return to the public stage by the neoconservatives whose worldview remains a powerful undercurrent in the Republican Party and in …

Iran, Israel and the Bomb – Great Decisions: Video

For nearly a decade, Iran’s quest for nuclear capabilities has topped global security concerns in Washington, Brussels and Tel Aviv. Why is a nuclear armed Iran considered so dangerous to U.S. and Israeli interests, and what’s prevented Iran from reaching a deal year after year? …

Pakistan turmoil deepens as court orders PM’s arrest

Pakistan’s Supreme Court ordered the arrest of the prime minister on Tuesday in connection with an alleged corruption scandal, ratcheting up pressure on a government locked in a showdown with a cleric who has a history of ties to the army. The combination of the arrest order and a mass …

Egypt’s Leader, Morsi, Made Anti-Jewish Slurs

Nearly three years ago, a leader of the Muslim Brotherhood delivered a speech urging Egyptians to ‘nurse our children and our grandchildren on hatred’ for Jews and Zionists. In a television interview around that time, the same leader described Zionists as ‘these bloodsuckers who attack the …

Afghans want withdrawal of U.S. village police trainers

Days after Afghan President Hamid Karzai and President Obama seemed to agree on the future role of U.S. forces in Afghanistan, a division has emerged over one of the American military’s most prized defense programs. Top Afghan officials said Obama’s pledge last week to remove U.S. troops …

Back in Afghanistan, Karzai shifts tone on US troop immunity (+video)

A diplomatic dance has commenced between the US and Afghanistan over a US request for legal immunity that would enable a contingent of American troops to stay on beyond 2014. Failure to agree on an immunity deal in Iraq ensured that US forces pulled out completely by the end of 2011, further …

Rape has become ‘significant’ part of Syrian war, says humanitarian group

Rape has become a ‘significant and disturbing feature’ of the war in Syria, one that many refugees cite as their leading reason for fleeing the country, according to a report released Monday by a New York-based humanitarian organization. The victims are primarily women and girls who are …

America, the Saudi Arabia of tomorrow

The trend is even more dramatic when you include natural gas, a product that is revolutionizing energy markets. The United States is about to become the second-largest exporter of natural gas behind Russia. Gigantic oil and gas finds in the United States and elsewhere are transforming the …

Report: EU developing 2013 Mideast peace plan

The European Union is developing a proposal to restart peace talks between Israel and Palestine that it will put forward in March, Israeli media reported on Sunday. The plan will set out the principles of a future peace accord, and a timetable for negotiating all the key issues during 2013, …

Saudi Aramco installs 6,000 tonne oil rig platform

Saudi Aramco has installed a 6,000-tonne platform at the world’s largest oil field in the Arabian Gulf – Safaniya. Safaniya Tie-In Platform No. 20 (Safaniya TP-20) becomes the largest TP in Saudi Aramco’s offshore fields (around 4,000 metric tonnes heavier than compared than normal TPs), and …

Egypt lawyer Gizawi to get jail and lashes in Saudi Arabia

An Egyptian human rights lawyer has been sentenced to five years in jail and 300 lashes by a court in Saudi Arabia, his former lawyer says. Ahmed al-Gizawi was convicted of drug trafficking by a court in Jeddah, in a case which sparked a diplomatic row between the two countries. Mr Gizawi …

TASI – 1/15/13 – down .98%

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