/Provided as a service from the Saudi-US Trade Group, Washington, DC/
Saudi to Put $63bn into Oil Sector: EMIRATES 24/7
Nadim Kawach | 9/19/11
Saudi Arabia is pumping nearly SR236 billion ($63bn) into projects to boost its petrochemical industry and maintain its position as one of the world’s top chemicals producers, the Gulf kingdom’s largest bank has said on Saturday.
According to a recently released Jadwa report, “Year-on-year inflation eased to 4.8 percent in August from 4.9 percent in July, primarily due to a fall in food price inflation, though in monthly terms food prices posted their normal Ramadan jump.”
Wael Mahdi | 9/19/11
Saudi Arabia’s gasoline and jet- fuel imports reached a 10-month high in July even as local refining rose, government data showed. 9.6M BPD PUMPED IN JULY: Leading oil exporter Saudi Arabia produced 9.606 million barrels a day (bpd) of crude in July, 207,000bpd less than in June, according to the latest official data published by the Joint Data Initiative (JODI), Trade Arabia reports.
Abdul Nabi Shaheen | 9/19/11
Saudi and Palestinian experts, analysts and politicians on Tuesday described the decision of Palestinians to request full membership of the United Nations as a historic step. MOVEMENT ‘CUTS LITTLE ICE’ IN M.E. PRESS: The movement to get Palestinian statehood recognized at the UN appears to cut little ice in the Middle Eastern press, even among papers inclined to support the Palestinians, BBC reports.
“A Saudi criminal court began yesterday the prosecution of 41 defendants, 38 of them Saudis, one Qatari, one Yemeni and an Afghan, suspected of establishing a terrorist cell. According to Saudi authorities, the suspects tried to use the kingdom’s territory to launch terrorist operations against U.S. forces in the states of Qatar and Kuwait.”
More than 5,000 men will compete in Saudi Arabia’s upcoming municipal elections, the election commission said Monday as candidates began campaigning for votes.
‘Ethical Oil’ Ad Campaign Riles Saudis: TORONTO SUN
An ad campaign that discourages oil imports from Saudi Arabia because of its poor human rights record has drawn the ire of that country.
Another Saudi Al-Qaeda Member Surrenders: PAKISTAN OBSERVER
Akhtar Jamal | 9/19/11
One more of the 47 most-wanted Saudi nationals believed to be hiding in Afghanistan has surrendered to the Saudi security authorities. According to a statement by the spokesman of Saudi Ministry of Interior Mejeb Mohammed Jamal Al-Qahtani who was listed as wanted has first expressed his desire to return to his family and agreed “to surrender himself to the concerned authorities.”
Glen Carey | 9/19/11
Saudi Electricity Co. (SECO), the kingdom’s largest utility, will sign a $2.85 billion agreement with a group that includes South Korea’s Samsung C&T Corp. (000830) and Acwa Power International for the Qurayyah power plant.
Edmund Blair | 9/19/11
Egypt is discussing financial packages for budgetary and other support with Saudi Arabia and the United Arab Emirates that could exceed a total of $5 billion based on figures initially proposed, the Egyptian finance minister said on Monday.
Japan, Saudi Arabia to Sign Deal on Water Projects: WATER WORLD
Japan and Saudi Arabia have agreed to cooperate extensively on water-related projects, Japan’s NHK website reported.
Saudis Raise Bar on Insurance: GULF NEWS
Manoj Nair | 9/19/11
In terms of relative maturity and the depth of its internal processes, Saudi Arabia’s insurance industry may not stand comparison with the systems in the UAE or Bahrain. But this is now being turned into an advantage by the Saudi authorities.
Deraiya Gov. Prince Ahmad bin Abdullah formally opened the Saudi Electronics and Home Appliances Institute (SEHAI) in Riyadh on Sunday and distributed certificates to the first batch of Saudi youths who graduated from the institute.
While the popular uprisings of the Arab Spring created new opportunities for American diplomacy, the tumult has also presented the United States with challenges — and worst-case scenarios — that would have once been almost unimaginable, Steven Lee Meyers (NYT) writes. [The Arab Spring] may also sweep aside, or at least diminish, American influence in the region. The bold vow on Friday by the Palestinian president, Mahmoud Abbas, to seek full membership at the United Nations amounted to a public rebuff of weeks of feverish American diplomacy. His vow came on top of a rapid and worrisome deterioration of relations between Egypt and Israel and between Israel and Turkey, the three countries that have been the strongest American allies in the region.
YEMEN: VIOLENCE ERUPTS AFTER MONTHS OF STALEMATE
At least 28 protesters were shot dead and more than 170 others injured on Monday by forces loyal to Yemeni President Ali Abdullah Saleh in the capital Sanaa and southern province of Taiz, Xinhua reports.
SYRIA: ACTIVISTS SAY 5 KILLED BY SECURITY FORCES
Syrian forces killed five people Monday in raids on anti-government protesters determined to bring down the autocratic regime, the AP reports citing a rights group.
IRAN: AS IRAN EDGES CLOSER TO NUKES
In Politico, Barbara Slavin observes, “Compared to four countries that have developed nuclear weapons outside international norms — Israel, India, Pakistan and North Korea — Iran has not exactly been sprinting toward a bomb. Yet the Iranian program – which Washington helped start in 1957 – is finally getting close to providing the wherewithal to make nuclear weapons.” THE COMING REPUBLICAN PUSH ON IRAN: Trita Parsi (Salon) writes, “The rise of the Arab masses has pushed Iran out of the headlines — for now. Even Mahmoud Ahmadinejad, whose theatrics rarely pass unnoticed, has lately failed to grab the attention of the U.S. media. America’s attention has instead turned toward Egypt, Syria and Libya. This is likely to change in the next few months. Not as a result of any particular developments in Iran or between the United States and Iran, but because of the 2012 presidential elections. As the Republican presidential hopefuls turn their criticism toward President Obama and not each other, Iran will likely be one of the few foreign policy issues the Republicans will pursue.”
AFGHANISTAN: NATO NIGHT RAIDS UNDER FIRE
Foreign forces fighting in Afghanistan have become more accurate in night-time raids on homes, but they have stepped up the number and scope of the controversial operations so they affect more Afghan civilians, a report said on Monday, Reuters reports.
TURKEY: PREDICTIONS OF STRONG ALLIANCE WITH EGYPT
“A newly assertive Turkey offered on Sunday a vision of a starkly realigned Middle East, where the country’s former allies in Syria and Israel fall into deeper isolation, and a burgeoning alliance with Egypt underpins a new order in a region roiled by revolt and revolution,” Anthony Shadid (NYT) reports.
EGYPT: NEW U.S. AMBASSADOR SAYS EGYPT DEMOCRACY ‘ON TRACK’
The new American ambassador made her first major public appearance today, saying that Egypt is on the road to democracy despite the recent expansion of the emergency law, which severely curtails civil rights, Kristen Chick (CSM) reports.
LEBANON: LEBANESE COMEDY WINS AT TORONTO FILM FESTIVAL
A comedy set in war-torn Lebanon has won the People’s Choice award at Toronto International Film Festival. ‘Where Do We Go Now?’ tells of a group of women determined to keep the men in their village out of a religious war, BBC 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>