News-2012-12-06

Published: December 6, 2012

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

Infographic: Is your country vulnerable to a Syria-style Internet blackout?

The good news is that, if you’re American (or British, Japanese, Russian, Canadian, Australian or Swedish), your country’s Internet infrastructure makes it almost impossible for a Syria-style blackout. The bad news is that much of the world is vulnerable, though Syria’s case is unusual….

Saudi Arabia sees need to act on climate change

Top oil exporter Saudi Arabia said on Wednesday scientific evidence showed the need for the world to act on climate change, although it stopped short of making any pledge to cut its own emissions. Officials from the kingdom, led by the Saudi Arabian oil minister, were speaking at United …

Saudi retail outlook remains strong

The Saudi retail sector outlook remains strong with macro as well as micro factors supporting growth, said NCB Capital in a new report Wednesday. Volume expansion through opening stores, margin support from economies of scale, and consolidation of fragmented markets are key drivers of growth. …

A Look Into Saudi Arabia’s Future

The oil and gas behemoth that is Saudi Aramco is the biggest player in the oil and gas sector but since it is entirely owned by the government – the house of King Saud – and is not a component of the Saudi Tadawul All Share Index (TASI) – a Saudi equivalent to S&P 500 – it has remained off …

Saudi industrial sector set to rise to 24% of GDP

By 2020, the Saudi industrial sector is expected to grow to 24 percent of the gross domestic product (GDP), Abdulla M. Al Zamil, Chief Executive Officer of Zamil Industrial Investment Company said in his keynote speech at the four-day second Middle East Maintenance Conference and Exhibition …

Saudis to Sign $4.5 Billion in Desalination Projects, Awsat Says

Saudi Arabia plans to sign $4.5 billion in desalination and power contracts in the coming weeks, Asharq al-Awsat reported, citing an interview with Saline Water Conversion Corp. governor Abdulrahman Al-Ibrahim.The project agreements to be signed with unspecified companies in Asia and Europe …

US Justice Dept expands probe into Saudi bank licenses

A U.S. investigation into whether Barclays Plc paid bribes to win a banking license in Saudi Arabia has spread to other banks that operate in the region, according to a person familiar with the matter. Barclays disclosed in late October that the U.S. Department of Justice and the Securities …

Over 50% firms in red, yellow zones

More than 50 percent of Saudi enterprises are in red and yellow categories, the Makkah branch of the Human Resources Development Fund (HRDF) declared. Moreover, more than one million Saudis from both genders are seeking employment.In a presentation that was held at the Makkah Chamber of …

Businessmen to seek clerics’ help against levy

Saudi businessmen are considering enlisting the help of leading local religious scholars to help them reverse a labour ministry decision to make them pay levies in case they employ more foreigners than Saudi nationals.’We need to contact the senior religious scholars to inform them that the …

Saudi plans big rail investment

Saudi Arabia is currently undergoing a major metamorphosis with several major rail projects being built on a 7000km network including Saudi landbridge, Haramain High Speed Rail, GCC Rail, Riyadh Light Railway and Makkah Metro, the experts said. The summit will also through light on other GCC …

Ahead of new Iran nuclear talks, six powers debate updating package

Diplomats, stressing no date or location has yet been set, tentatively expect six world powers to hold a new round of nuclear talks with Iran in January. Part of the hold-up is jammed-up calendars–NATO foreign ministers are meeting in Brussels this week, several dozen countries’ top …

Map: The most- and least-corrupt countries in the world

Transparency International just released its annual Corruption Perceptions Index on the perceived level of public sector corruption in 176 countries around the world, and once again, Somalia, North Korea and Afghanistan rank as most corrupt, with scores of 8. (Burma, also known as Myanmar, …

Egypt crisis: Army clearing presidential palace area

The Egyptian army has begun clearing demonstrators and the media from outside Cairo’s presidential palace. It follows violent overnight clashes between supporters and opponents of President Mohammed Morsi that left five people dead and 644 injured. Most protesters left the area by the …

U.S. reducing plans for large civilian force in post-2014 Afghanistan

The Obama administration has ordered significant cutbacks in initial plans for a robust U.S. civilian presence in Afghanistan after U.S. combat troops withdraw two years from now, according to U.S. officials. Learning from Iraq, where postwar ambitions proved unsustainable, the White House …

U. S. and Russia to Meet on Syrian Conflict

A new round of diplomacy on the conflict in Syria will begin on Thursday afternoon when Lakhdar Brahimi, the United Nations special envoy, hosts an unusual three-way meeting with Secretary of State Hillary Rodham Clinton and the Russian foreign minister, Sergey V. Lavrov….

Opening Plenary of C3 Summit 2012 – US-Arab Global Event

Today we provide for your consideration the first plenary report from the C3 Summit: Community, Collaboration, Commerce – A U.S.-Arab Global Event. The conference featured a keynote address by President Bill Clinton and luncheon remarks by former Saudi Arabian Minister of Commerce Abdullah …

In Egypt, protests turn violent as political crisis intensifies

Supporters of Egyptian President Mohamed Morsi clashed with opposition protesters outside the presidential palace Wednesday in the fiercest violence of the country’s two-week-old political crisis, pelting each other with stones and molotov cocktails and intensifying the pressure on Egypt’s …

Saudi provides $230m of loans to Egypt

Egypt’s Prime Minister has signed a deal with Saudi Arabia’s ambassador to borrow three soft loans worth $230m with a view to supporting the Egyptian economy. The loans are part of an overall package worth $1.5bn being provided by the Saudi Development Fund to the Egyptian Government for …

U.S.-Approved Weapons Transfer Ended Up With Libyan Jihadis

The Obama administration secretly gave its blessing to arms shipments to Libyan rebels from Qatar last year, but American officials later grew alarmed as evidence grew that Qatar was turning some of the weapons over to Islamic militants, according to United States officials and foreign …

ITU Dubai: UN Web conference begins amid Internet censorship criticism

As a 12-day international conference on Internet regulation kicks off in Dubai, critics are warning that the closed-door meeting could lead to censorship and even blocked access to the Web in certain countries. The World Conference on International Telecommunications — known as WCIT — runs …

Fluor awarded Saudi Arabia’s US$199 million phosphate project

Fluor Corporation has announced that it has been awarded a new project by Saudi Arabian Mining Company (Ma’aden) worth approximately US$199mnFluor’s scope of work will include providing project management consulting (PMC) services related to the development of the Umm Wu’al greenfield phosphate …

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