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Saudi Nov Non-Oil Business Growth Slows To Six-Month Low
Growth in Saudi Arabia’s non-oil private sector slowed to a six-month low in November as output and new orders softened, but activity remained robust overall, a survey of companies showed on Thursday.
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Expecting anti-Mubarak protests, Egypt seals Tahrir Square
Security forces closed all entrances to Tahrir Square in downtown Cairo on Friday in anticipation of protests against the acquittal of former President Hosni Mubarak. A group of political and youth movements has called for peaceful protests against the verdict in squares across Egypt, in a what it called a "revolutionary week".
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Abu Dhabi police arrested a suspect in the case of a slain American woman. They also found a planted bomb.
There is still not any word about a motive, but the arrest and the discovery of a bomb at another American's home suggest that they were targeted.
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Cooperation by Stealth: Iran’s Airstrikes against the Islamic State
Afkham has denied coordination with coalition forces, and this denial is in line with the declared policies of the Iranian Supreme Leader Ayatollah Khamenei. Yet in the past few months, Iran has not denied other significant courses of action, including providing Kurdish forces with military hardware and ammunition. “After the invasion of the terrorist group Islamic State, when we asked for ammunition, the first country which helped us was the Islamic Republic of Iran,” said Masoud Barzani, the President of the Iraqi Kurdistan Region, in a meeting with the Iranian Foreign Minister Mohammad Javad Zarif on August 26.
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New Snowden Leak Reports ‘Groundbreaking’ NSA Crypto-Cracking
The latest published leak from NSA whistleblower Edward Snowden lays bare classified details of the U.S. government’s $52.6 billion intelligence budget, and makes the first reference in any of the Snowden documents to a “groundbreaking” U.S. encryption-breaking effort targeted squarely at internet traffic.
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Saudi plans to speed up ongoing educational project timelines from five to three years
Thomas Donovan, an Aecom executive working on the Tatweer Schools Programme, told Construction Week’s Social Infrastructure Conference that Saudi’s “incredibly aggressive” school building programme has an overall budget of around US$ 21.9 billion (SR 82 billion) and will see 10,000 schools built over the next decade. Some US$ 11.2 billion (SR 42 billion) of this is allocated under the King Abdullah Education Programme, which is scheduled to deliver 3,200 next-generation schools over a five-year period.
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Driving Riyadh
With the sudden wealth that came with the oil price hikes in 1973, the country went on a car-buying spree. Motor vehicle sales exploded; the volume of cars imported doubled every three months. The demand was so great that Honest Ali of Manfuhah was smuggling in dozens of beat-up cars a week from Kuwait. Lebanese teenagers could pool their money, hitchhike to Germany to buy a used Mercedes and drive it to Jeddah to triple their investment and have a spectacular adventure in the process. The problem was that there were many more cars than there were halfway competent drivers. To make matters worse, very few even had a driver’s license, and the rest didn’t care and drove like madmen.
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What you need to know about falling oil prices
Christine Lagarde, head of the International Monetary Fund, thinks falling oil prices could provide a boost to the global economy on the whole. Lagarde said this week that exporters will be hurt, but many other countries will be helped by reduced spending on their own oil needs.
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Egypt’s agritech entrepreneurs bring the farm to the boardroom
The agricultural industry employs a quarter of the country's workforce, and in 2012 - the latest statistic available - provided almost 15% of GDP from 3.6% of the country's landmass. Yet it is also threatened by a myriad of issues, such as urban expansion, climate change, and soil and water salinity. Egypt tops the ranks for desertification rates and, in November of this year, GIZ Cairo program coordinator Ariane Borgstedt told the Cairo Climate Talks there isn't enough water for the sector to completely support the 93 million-strong population.
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Lebanon detains wife and son of Al-Baghdadi
The Lebanese army has detained a wife and a son of Abu Bakr al-Baghdadi, the leader of the Islamic State in Iraq and the Levant (ISIL) group, as they crossed from Syria in recent days, security officials have said. The military said that the wife was a Syian citizen and the detained son was nine years old. According to the army statement, they were detained 10 days ago and have been questioned at the ministry of defence. The Lebanese newspaper As-Safir reported the army detained her in coordination with "foreign intelligence apparatus". It said she had been travelling with a fake passport accompanied by one of her sons.
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