/Provided as a service from the Saudi-US Trade Group, Washington, DC/
Zainab Fattah | 9/5/11
Saudi Arabia’s Algosaibi family and Saad Group founder Maan al-Sanea reached a preliminary agreement after a royal committee found al-Sanea responsible for part of the debt incurred by Algosaibi companies, Alrroya Aleqtissadiya reported, citing unidentified persons.
Saudi Arabia Investing $20 Billion in Petrochemicals Industry: GLOBAL ARAB NETWORK
Rabih Serrai | 9/5/11
Saudi Arabia’s petrochemicals industry is about to get a massive boost, with a new $20bn plant in the works and extensive state spending on infrastructure set to further improve the nation’s logistics backbone. Before the full benefits are realised, however, the sector may have to endure a down period as the recovery of the global economy continues to falter, Global Arab Network reports according to Oxford Business Group.
KSA Leads Construction Boom in Region: Official: SAUDI GAZETTE
Shahid Ali Khan | 9/5/11
Saudi Arabia’s infrastructure projects worth in excess of SR375 billion in the pipeline will continue to sustain the country’s construction boom, according to a high-ranking Riyadh Exhibition Company (REC) official.
OPEC members Saudi Arabia and Kuwait boosted their oil production in August to prevent prices from rising sharply and negatively impacting on the world economy, Kuwait’s oil minister said Sunday.
Egyptian Protesters Demand Expulsion of Saudi Ambassador: AL MASRY AL YOUM
Hundreds of Egyptians gathered at the Saudi Embassy in Cairo on Sunday to protest what they claimed to be the kingdom’s mistreatment of Egyptians who were performing Umrah, or minor pilgrimage, during the Islamic holy month of Ramadan.
Saudi Banks Seen Shifting To Local Market: EMIRATES 24|7
Saudi Arabia’s banks are cutting their foreign assets and turn to the domestic market and this was reflected in a sharp rise in credit to the public and private sectors, according to the Gulf kingdom’s largest bank.
Saudi Aramco Seeks Partners in Upstream Technologies: PRESS RELEASE
Saudi Aramco today announces that the company will be holding its first European Technology Quest in Aberdeen, Scotland on October 10-12, 2011. The invitation-only event brings together the world’s top scientists and researchers to discuss opportunities to collaborate with Saudi Aramco in the development of breakthrough upstream technologies.
Saleh Allowed to Return to Yemen: YEMEN POST
In another twist and turn in Yemen political life, the Yemen Post learned that John Brennan, the U.S Counter-Terrorism Unit Chief announced in his latest statement that Yemeni president, Ali Abdullah Saleh would be allowed to come home after all.
Since the embattled president left for the Kingdom of Saudi Arabia following a bomb attack in his presidential compound, rumors circulated that he was being forced to remain in Riyadh, as to avoid further bloodshed in Yemen and ease the country towards a peaceful transition of power. YEMEN MILITARY CONDUCTS AIRSTRIKES: “Yemeni warplanes launched a series of airstrikes on a southern town overrun by Islamic militants, killing at least seven people Monday in attacks on a mosque, a hospital and a national police building, a witness and a local official said,” Ahmed Al-Haj (AP) reports.
50 Pakistani Workers Hurt in Riyadh Mob Attack: SAUDI GAZETTE
Fifty Pakistani construction workers were injured in a ‘surprise attack’ by a mob of African expatriates near the construction site of Princess Noura University in Riyadh, Saturday, said Pakistani Ambassador Muhammad Naeem Khan.
Three Women Defy Saudi Ban on Driving: EMIRATES 24/7
Three Saudi women took advantage of Eid Al-Fitr that ended the fasting month of Ramadan and drove their cars in defiance of a long-standing ban on female driving in the conservative Gulf Kingdom, newspapers said on Monday.
ARMS: FOR RUSSIAN ARMS SALES, A TOUGH MARKET IN THE MIDDLE EAST
“For the first time ever, Russia is selling weapons to Bahrain, whose government has been given the cold shoulder by the West for a violent crackdown on anti-government protests, as part of an effort by Moscow to capitalize on the Arab Spring to increase arms sales in the lucrative Middle East market…But analysts say it is unlikely Moscow – or Beijing, another potential weapons supplier to the region – will make much headway, even as serial human rights violations by governments resisting mass protests and rebellions have forced the West to hold back on many weapons sales to the Middle East,” David Rosenberg (JPost) writes.
WIKILEAKS: WHY U.S. SUSPECTED FRAUD IN IRANIAN ELECTION
“A newly-released cable from WikiLeaks gives a sharp, valuable insight into the assessments of America’s best-trained observers of Iran just after the disputed 2009 Presidential election. The Regional Presence Office in Dubai — the closest US window on Iran, given that it has no embassy in Tehran — gives Washington this overview three days after the vote,” writes Scott Lucas (Enduring America) . “More than two years later, the evaluation stands up well, especially given the limited information available. From the start, the diplomats make the still-relevant observation, “The actual results of the election will likely never be known.” However, while there is no smoking gun for fraud, the Americans make a couple of acute points — still also very relevant — that cast doubt on the legitimacy of the ballot.”
SYRIA: NEW RAIDS AGAINST PROTESTERS
“Syrian troops launched assaults on Monday on several towns and cities across Syria in an attempt to crush protests against President Bashar al-Assad, activists and residents said,” Nada Bakri (NYT) reports.
EGYPT: AS POLICE CLASH WITH FAMILIES, MUBARAK RETURNS TO COURT
“As crowds and police clashed outside a makeshift courtroom in a police academy here, prosecutors trying former President Hosni Mubarak began Monday to lay out their case against him on charges of complicity in the killing of demonstrators during the protests that ended his rule,” David Kirkpatrick (NYT) reports.
IRAN: NEW REACTOR CONNECTED TO GRID
“Iran’s first nuclear power station has been connected to the country’s electricity grid, state news reports,” BBC reports. “Bushehr was supplying 60 megawatts of its 1,000 megawatt capacity to the national grid, officials said.”
UNITED STATES: ‘AN ERA OF ENDLESS WAR’
“This is the American era of endless war,” writes Greg Jaffe (Washington Post). “Today, radical religious ideologies, new technologies and cheap, powerful weapons have catapulted the world into “a period of persistent conflict,” according to the Pentagon’s last major assessment of global security. “No one should harbor the illusion that the developed world can win this conflict in the near future,” the document concludes. By this logic, America’s wars are unending and any talk of peace is quixotic or naive.
/The daily news is provided as a service of the Saudi-US Trade Group, Washington, DC. Visit www.SUSTG.org for more information and to get a free email subscription to the News Review./</h4></div>