/Provided as a service from the Saudi-US Trade Group, Washington, DC/
“US Deputy Secretary of State William Burns has affirmed his country’s ‘firm and enduring commitment to Gulf security’ during his visit to Saudi Arabia where he met King Abdullah Wednesday.”
Saudi Ctrl Bank Gov: Everyone Concerned Over US, Europe: WALL STREET JOURNAL
Alex Delmar-Morgan | 9/14/11
“Saudi Arabia’s central bank governor Wednesday said ‘everyone’ was concerned over the fragile state of the U.S. economy and Europe’s ongoing sovereign debt crisis… Al Jasser said the world’s largest oil exporter had no plans to revalue its currency, the riyal, or to buy European debt.”
“After a relatively quiet month of Ramadan, political tides in the Middle East & North Africa (MENA) region are shifting once more, with the collapse of the Qaddafi regime and unrest in Syria continuing to mount. Meanwhile, the election season is approaching in a newly democratic Tunisia and in Egypt, and the rapid deterioration of Turkey-Israel relations has shed new light on perceptions of how the region’s power balances may be shifting.” SAUDI ELECTRICITY PLANS TO REDUCE FUTURE OIL USE: Wael Mahdi (Bloomberg) reports, “the company successfully raised energy efficiency at its PP10 power plant south of the capital Riyadh by 50 percent without consuming more crude oil.”
P.K. Abdul Ghafour | 9/14/11
“Saudi Industrial Property Authority (Modon) on Wednesday commended the recent Cabinet decision offering incentives to investors in the underdeveloped regions and said it would benefit those looking to invest in Jazan, Baha, Najran, Tabuk, Hail, Arar and Al-Jouf.”
Saudi, UAE, Qatar Banks Among Safest in the World: SAUDI GAZETTE
“The Middle East and North Africa (MENA) banking industry is among the safest in the world “with minimal debt to GDP and very healthy core Tier 1 capital ratios,” the report by Audi Capital, a subsidiary of Bank Audi, said.”
Furniture Demand in Saudi Arabia to Reach $1.2b By ’13: SAUDI GAZETTE
“Furniture demand in Saudi Arabia is anticipated to reach around $1.16b by 2013, according to “Saudi Arabia Furniture Market Analysis” prepared by RNCOS. The Saudi Arabian furniture industry has come up as one of the most vibrant segment of the retail industry.”
Saudi Telecom Launches LTE as Data Race Heats Up: KIPP REPORT
Saudi Telecom Co has launched next generation long-term evolution (LTE) network services in the kingdom, the former monopoly said in a statement on Wednesday, as the battle intensifies for data customers.
Concrete Deterioration Costs the Kingdom SR2b Per Annum: SAUDI GAZETTE
Joe Avancena | 9/14/11
“Concrete deterioration in Saudi Arabia has remained a costly problem. Research institutions based in corporate organizations, such as Saudi Aramco and Saudi Basic Industries Corporation (SABIC), universities, and producers of concrete products have been trying to find solution to this worrying issue.”
Saudi Restaurant Fines Diners for Leftovers: EMIRATES 24/7
Habib Toumi | 9/14/11
“A Saudi restaurant has started charging diners if they order more than they can eat.
The move against leftovers by Marmar Restaurant in the city of Dammam in the Eastern Province is aimed at stopping food wastage and reduce extravagance by rationalizing orders, said Fahad Al Anezi, the restaurant owner.”
YEMEN: COOPERATION BOOSTED WITH U.S. ON SECURITY SINCE SALEH EXIT
“The embattled regime in Yemen has boosted its cooperation with U.S. intelligence and counter-terrorism efforts in recent months as it tries to push back Al Qaeda militants and other insurgents who have captured towns and other territory in the impoverished nation, according to U.S. Defense officials,” Ken Dilanian and David S. Cloud (LAT) report.
TURKEY/ISRAEL: WAR OF WORDS ESCALATES
“Prime Minister Tayyip Erdogan said on Thursday that Turkish warships could be sent to the Eastern Mediterranean at any time and Israel could not do whatever it wants there, escalating a war of words over the 2010 killing of Turkish activists,” Reuters reports.
LIBYA: ISLAMISTS’ GROWING SWAY RAISES QUESTIONS FOR LIBYA
“The growing influence of Islamists in Libya raises hard questions about the ultimate character of the government and society that will rise in place of Col. Muammar el-Qaddafi’s autocracy. The United States and Libya’s new leaders say the Islamists, a well-organized group in a mostly moderate country, are sending signals that they are dedicated to democratic pluralism. They say there is no reason to doubt the Islamists’ sincerity,” Rod Nordland and David D. Kirkpatrick (NYT) report. SARKOZY AND CAMERON VISIT TRIPOLI: France’s Sarkozy and Britain’s Cameron are the first foreign leaders to visit Tripoli after the NTC seized control from the Gaddafi regime, the Guardian reports. LIBYA NEEDS FUNDS LIFTED SWIFTLY: “The international community has been slow in lifting sanctions to release frozen Libyan assets of some $170 billion to the country’s new leadership after the fall of Muammar Gaddafi, a Libyan central bank official said on Wednesday, Reuters reports. NO BACKING FROM AFRICAN UNION FOR TRANSITIONAL GOVERNMENT: “The African Union appeared to soften its stance towards Libya’s transitional government on Wednesday, but still stopped short of recognizing the group as the country’s legitimate leadership,” VOA reports. VENEZUELA LEADS LATIN NATIONS IN OPPOSING LIBYAN SEAT AT U.N.: “Countries belonging to a left-leaning Latin America trade group oppose giving Libya’s U.N. member seat to the former rebels who ousted Moammar Gadhafi’s government, the Washington Post reports.
SYRIA: E.U. SANCTIONS COME WITH LOOPHOLES
The European Union, which buys 90% of Syria’s oil exports, has slapped sanctions on the nation’s oil and gas industry, but loopholes allow European energy companies to pull back only gradually from buying heavy crude or doing lucrative work in Syrian oil fields, Paul Richter and Henry Chu (LAT) report. PROTESTERS MARK 6 MONTHS OF REVOLT: “Syrian security forces continue to crack down on dissent, as protesters vow to hit the streets en masse to mark six months since the beginning of the anti-government uprising in March,” Al Jazeera reports.
IRAQ: $30B NEEDED TO FOR OIL FIELDS
“Iraqi Deputy Oil Minister Ahmed al-Shamma said the country needs roughly $30bn in investments to build five oil refineries, Bloomberg has reported. The refineries are planned for Kirkuk province in the north and Masyan, Ninawa, Nasiriyah and Karbala in the south,” AME Info reports. ATTACKS LEAVE MORE THAN 25 DEAD: “Insurgents launched four attacks early Wednesday against Iraq’s security forces, killing 27 people as the Persian Gulf nation prepares for the departure of U.S. troops at the end of the year,” Raheem Salman (LAT) reports.
PALESTINE: E.U. HOPES TO ‘LIMIT’ UPGRADE OF PALESTINIAN STATUS
“The European Union hopes to persuade Palestinian leaders to drop their plans for full United Nations membership this month in return for a nuanced upgrading of their U.N. observer status, EU diplomats said on Thursday,” Justyna Pawlak (Reuters) 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>