/Provided as a service from the Saudi-US Trade Group, Washington, DC/
Saudi Construction Set for 4pc Growth: TRADE ARABIA
“Infrastructure works in Saudi Arabia are expected to post a 4 per cent growth in 2011 and increase at an average rate of 3.97 per cent annually through 2015.”
Saudi Exports Rose 31% in 2010: ARAB NEWS
P. K. Abdul Ghafour | 9/5/11
“Saudi exports rose by 31 percent in 2010 to SR941.79 billion compared to SR721.11 billion in 2009. The volume of exports rose by seven percent to reach 391,806 tons.”
Caryle Murphy | 9/6/11
For more than three decades, Saudi Arabia has used its vast oil riches to host foreign students in the kingdom, build schools and mosques abroad, distribute the Qur’an in different languages and send funds to Islamic organizations wherever Muslims are in need. This global outreach was meant to secure Saudi leadership of Sunni Islam globally while proselytizing on behalf of the kingdom’s brand of Salafi Islam. But a decade after 9/11, this drive has seen major changes, scholars of the Salafi movement say.
1.5m Saudis Eye Jobs under New Nitaqat System: ARABIAN BUSINESS
“More than 1.5 million applications have been received from Saudi Arabian jobseekers over the past few weeks as the kingdom ramps up its new plan to find employment for nationals.”
“A run of weak data and heightened tensions in the euro zone prompted investors to downgrade their expectations for the global economy, pulling down stock markets, including the TASI (Tadawul All-Share Index) in August. Since then, data has generally remained weak, but more in line with investor expectations, and moves in economic policy have been well received.”
Air Arabia will launch thrice weekly flights to the Saudi Arabian city of Yanbu starting on November 1, the Sharjah-based low-cost carrier said yesterday in a statement.
Saudi Cargo Plans Big EU Expansion: TRADE ARABIA
“Saudi Airlines Cargo, a leading logistics firm in the region, said it has opened new offices in Germany, the Netherlands, Italy and Scandinavia as part of its global expansion plan.”
Gulf Consumers Owe $6.6bn in Credit Card Debt: ARABIAN BUSINESS
Claire Ferris-Lay | 9/5/11
“Consumers in the GCC owe an estimated $6.6bn in outstanding credit card debt, show new figures from London-based research and advisory firm Lafferty Group.”
The National Center for Earthquakes and Volcanoes at the Saudi Geological Survey said on Sunday that it would establish 50 new observatories in various parts of the Kingdom to improve earthquake monitoring and warn the public to take precautions in advance.
Saudi Visits to Abu Dhabi Blossom: THE NATIONAL
Rebecca Bundhun | 9/5/11
“The number of visitors from Saudi Arabia staying in Abu Dhabi’s hotels more than doubled in July, as GCC visitors flooded into the capital. The influx helped to counter what is usually one of the slowest months for the hotel sector in the Emirates.”
Saudi Arabia ups Asia crude prices, cuts US: AL ARABIYA
“Saudi Arabia has raised the price of its flagship Arab Light crude oil by 90 cents for customers in Asia, who buy more than half its crude exports, and cut prices for US buyers, Saudi Aramco said on Monday.” SAUDI DIPS AS PETCHEMS TRACK OIL DROP; UAE MARKETS DOWN: Reuters in Arabian Business reports, “Saudi Arabia’s 15 largest stocks declined as falling crude prices and worries over the global economy spurred selling, ending an early-week equity rally in the world’s top oil exporter.”
AP | 9/6/11
”One Indonesian maid is beheaded in Saudi Arabia. For a second one on death row, strangers at home rally to her cause and raise tens of thousands of dollars. She not only escapes the sword, she’s now rich. And hated. “Darsem binti Dawud Tawar, 22, shot to fame earlier this year in Indonesia after spending more than three years in a Saudi prison accused of killing a man who allegedly tried to rape her. But when the former maid safely returned to her small fishing village, the public tide swiftly turned against her. “She’s accused of living in luxury, building a fancy house along the dusty track that passes for Main Street, throwing around cash and draping herself in jewels.”
“Ukraine’s grain exports totaled 1.8 million tons in July-August 2011, the first two months of the new 2011/12 season, or 22 percent less than in the same period in 2010.”
UNITED STATES: CIA FOCUS SHIFTS TO TARGETED KILLINGS
“Behind a nondescript door at CIA headquarters, the agency has assembled a new counterterrorism unit whose job is to find al-Qaeda targets in Yemen. A corresponding commotion has been underway in the Arabian Peninsula, where construction workers have been laying out a secret new runway for CIA drones,” Greg Miller and Julie Tate (Washington Post) report. “When the missiles start falling, it will mark another expansion of the paramilitary mission of the CIA.”
LEAK OFFERS LOOK AT EFFORTS BY UNITED STATES TO SPY ON ISRAEL
“Now the reason for the extraordinary secrecy surrounding the Obama administration’s first prosecution for leaking information to the news media seems clear: Mr. Leibowitz, a contract Hebrew translator, passed on secret transcripts of conversations caught on F.B.I. wiretaps of the Israeli Embassy in Washington. Those overheard by the eavesdroppers included American supporters of Israel and at least one member of Congress, according to the blogger, Richard Silverstein,” Scott Shane (NYT) reports.
PAKISTAN: ‘SIGNIFICANT’ AL-QAEDA ARRESTS
“The Pakistani military said Monday that its top spy agency had worked with the CIA to arrest three senior al-Qaeda figures near the southwestern city of Quetta, including one militant leader who was directed by Osama bin Laden to strike economically significant targets in the West,” Karin Brulliard (Washington Post) reports.
YEMEN: A ‘SHAKY’ ARAB SPRING
“In the midst of all the mayhem, the uprising in Yemen–an acutely impoverished and deeply tribal country bordering oil-giant Saudi Arabia–has been all but forgotten. A grinding political stalemate and a virtual media blackout has meant that Yemen, which only a few months ago looked set to be the third Arab nation (after Tunisia and Egypt) to overthrow its leader this year, has slipped back into the shadows,” Tom Finn (Khaleej Times) reports.
SYRIA: DAMASCUS BARELY TOUCHED BY REBELLION
“It does not take long to realize that there is a disconnect between Damascus and the rest of Syria. With a mix of denial and fear, and occasionally even satisfaction at the government’s determination to stanch dissent, many Damascenes insist on another reality,” NYT reports.
LIBYA: HOW U.S., BRITAIN WORKED TO BRING GADDAFI IN FROM THE COLD
“The toppling of Col. Muammar Qaddafi is yielding a trove of Libyan intelligence documents that provide rare insight into American and British spy agencies – and the rendition of terror suspects to a regime known for human rights abuses,” Scott Peterson (CSM) writes.
EGYPT: SCUFFLES BREAK OUT AT MUBARAK TRIAL
“Scuffles have broken out as the trial of former President Hosni Mubarak resumed in Egypt’s capital Cairo. Riot police had to separate anti- and pro-Mubarak crowds outside the police academy courthouse where the trial was taking place,” BBC reports.
IRAQ: FEDERAL RESERVES NEAR $58 BILLION
“Iraq’s foreign currency reserves have risen to close to $58 billion and are expected to increase further thanks to a rise in oil revenues, a central bank official said,” Reuter’s reports.
/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>