Saudi Arabia raised its 2013 expenditure target by almost a fifth to a record 820 billion riyals ($219 billion) as the world’s biggest oil exporter pushes ahead with expansion plans to diversify away from oil.The government expects 2013 revenue of 829 billion riyals, giving it a surplus of 9 …
The end of any potential ‘two state solution’ to the Israeli-Palestinian conflict, Yemen’s president Ali Abdullah Saleh was finally forced from office and more from Juan Cole’s Informed Comment blog. …
The Saudi IT market is expected to invest $7.92 billion by the end of the current year and $12.3 billion by 2015 due to trends such as virtualization and global ERP systems, Reichle & De-Massari, (R&M), the Swiss cabling solutions specialist, said Friday. As a result of such growing …
The events of the last two years in the Middle East have tested to destruction a series of interpretative models. Indeed, the arguments of many liberal interventionists, foreign policy ‘realists’ and anti-imperialists have all looked equally facile when confronted by the new realities at …
Saudi Arabia said on Saturday its budget surplus in 2012 hit 386 billion riyals ($102.93 bn) as oil-dominated revenues continued to rise, state television Al-Ekhbariyah reported. It also announced what it described as a record budget for the coming year, with expenditure expected at $218.7 …
Saudi Arabia on Saturday disclosed a budget that projects total expenditure in 2013 of 820 billion Saudi riyals ($219 billion), maintaining the large government-spending program it launched in the aftermath of the Arab Spring. The expenditure on education, health and other programs is …
A recently released report by Jadwa Investment (http://sustg.org/wp-content/uploads/2012/12/2013-Budget.pdf) on Saudi Arabia’s 2013 budget highlights the Saudi government’s plans for record spending to sustain the Kingdom’s economic expansion next …
Despite a sizeable Arab diaspora in the US, and the GCC’s strategic and economic ties with the US, the GCC doesn’t wield much influence. The missing component is a platform that can integrate all these elements and convert them into influence. Zbigniew Brzezinski, who criticised Arabs for not …
There are many reasons behind the conservative current’s ‘hatred’ towards Adel Fakeih even if at some point, it is overlapping with some business reasons; they are obsessed with fighting decisions that allow women to work, and they want to limit the work of women in women’s necessities stores. …
A number of investors in the hospitality sector have expressed their resentment at the increasing trend of commercial sub-letting of Makkah hotels. Hotel owners rent their hotels to expatriates for a mere 5 percent return on the hotels income. This practice is more evident in Makkah’s central area…
Saudi gross domestic product growth slowed to 6.8 percent in real terms in 2012 from 7.1 percent in 2011, the state-run Saudi Press Agency said on Saturday, citing Finance Minister Ibrahim Alassaf. GDP totalled 2.73 trillion riyals this year, representing nominal growth of 8.6 percent, …
An Archaeologist has discovered what he believes to be the ruins of a buried Christian empire in the highlands of Yemen. The find has led to theories that there may have once been a Christian church in Mecca. A stone carving of a Christian figure was found in Zafar, some 581 miles south …
The last hearing session of one of Saudi Arabia’s rare public trials of two prominent human rights activists Mohammad Al-Qahtani and Abdullah Al-Hamid was held today [Dec 29, 2012] at the Riyadh Criminal Court. In the last hearing session, the defendants were questioned by the judge, and today, …
Let’s all remember that the Oil boom will not remain forever, and that the growth in the State’s Budget might stop or decrease one day, then all of these trillions registered on paper in the previous budgets will not help the common subject. What the citizen really wants was echoed in the …
In the nearly two years since the popular uprising that ousted longtime autocrat Hosni Mubarak, Egyptians have rallied against what they have seen as a succession of threats to their revolution. But with the Brotherhood consolidating its power for the long term — electing one of its own as …
On Thursday, the Afghan Taliban issued a statement dismissing a planned religious conference in Kabul next month as ‘clear American intrigue.’ The Afghan peace envoy had proposed the conference in a visit to Pakistan in November. The conference, organized by the Afghan government, is …
Some here call him a martyr, others a fanatic. But the life and death of Qadhi, a senior officer in the 1st Armored Division who preached holy war in mosques and donned government-issued fatigues, epitomizes the political instability, tribal intrigue, crisscrossing allegiances and radical …
Massive protests in the Anbar governorate of Iraq have given rise to the idea of a ‘State of Western Iraq’ that would encompass the country’s Sunni population. Some say this is an unrealistic scheme that will soon be forgotten, but others believe it may soon become a serious proposition….
In his first week as U.S. president, Barack Obama told Iran’s leaders he would extend a hand if they would ‘unclench their fist’ and persuade the West they weren’t trying to build a nuclear bomb. So far, they have not. In response, the United States and the European Union this year took a …
Palestinians will certainly end another calendar year divided between the Hamas leadership of government in Gaza and the PLO’s control over the prime ministry in Ramallah.Both sides are hoping that Egypt would be able to help them resolve some of the last remaining obstacles. But Egypt’s …
For the first time in five years, Israel on Sunday allowed 20 truckloads of building materials into Gaza for use by the private sector, according to Israeli and Palestinian officials. One of the first tangible concessions under a cease-fire deal reached after eight days of intensive fighting in …
Dr. Essam al-Erian, deputy chief of the Brotherhood’s Freedom and Justice Party, called on Thursday for Egyptian Jews who immigrated to Israel to return home. ‘I call on the Egyptian Jews to return to their homeland,’ he said in an interview with Egyptian network Dream TV. ‘They must refuse …
The man stands among the blackened, shell-shattered buildings, and reaches up to encompass them in a broad sweep of his wiry arms. ‘This,’ he proclaims, ‘is the state of Abu Ali Sulaibi.’ The ruined corner of downtown Aleppo does not, of course, constitute a state and nor does it belong to …
The new trading arm of state-run Saudi Aramco has finalised a January to June 2013 term contract to sell jet fuel with at least one buyer, traders said on Friday. Saudi Aramco Products Trading Company has agreed to sell undisclosed volumes of the fuel at a premium of about $2.70 a barrel …
US No.1 automaker General Motors Co (GM) unveiled plans to invest, along with its dealer partners some USD750 million in Saudi showrooms by 2015, as it seeks to boost sales, service and spare parts network in Gulf Kingdom, Saudi Gazette reported. The investment during the next two years will …
A Bangladeshi court Sunday sentenced five people to death for the murder of a Saudi diplomat in the capital Dhaka in March this year, a senior police official said. Khalaf al-Ali, 45, the head of Saudi citizen affairs at the embassy, was shot while taking a late-night walk near his home in …
witter is highly democratic; everyone has the chance to reach the whole world through the power of 140 characters. It is free and devoid of political affiliation, a perfect platform for anyone with a message to disseminate. Gone are the days when you needed to write a press release, send it to …
Alireza Food Services Co. Ltd., exclusive McDonald’s franchisee for the Western Region of Saudi Arabia, announced the opening of two new restaurants — the third restaurant to open in Taif, Faisaliah, and second restaurant in Jazan, bringing the total to 54 restaurants in the Kingdom’s …
In an attempt to put a stop to littering and protect miles of the beautiful seaside, concerned Jeddah residents along with the Saudi Environmental Society (SENS) organized the I Love Jeddah campaign on Thursday afternoon, with activities and high spirits lasting well into the night. Over 300 …
The International Trade Union Confederation (ITUC) will organize a boycott of the 2022 World Cup in Qatar unless the nation improves migrant worker conditions. The group also plans to boycott the UAE (if selected for the 2024 Olympics) if genuine labor reform is not realized. As both nations …
Foreign airlines may need about three to six months to obtain operating licences letting them enter Saudi Arabia’s domestic aviation market, a spokesman for the General Authority for Civil Aviation (GACA) said on Saturday. GACA announced on Friday that Qatar Airways and Bahrain’s national …
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Provided as a service from the Saudi-US Trade Group, Washington, DC
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