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Renewable Energy InvestmentAt Reuters Summit, Saudi Arabia’s ACWA Power shifts toward renewable energy
Saudi Arabia-based power and water project developer ACWA Power IPO-ACWA.SE is seeking to secure or arranging finance for $15 billion worth of projects, nearly half of which are in renewable energy, its chief executive said.
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YemenUnhappy Yemen
Yemen had a flirtation with pluralism in the 1990s, but it fell prey to the same problems Yemen has had for much of the last century: poor infrastructure and communications, a weak educational system, spiraling population growth, not enough money, and not enough jobs. Yemen’s moderately-sized oil and gas reserves fed into patronage rather than progress, and insurgencies in the north and south gathered steam.
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Saudi GazetteSaudi Arabian Airlines to raise $2.7b in IPOs
Saudi Arabian Airlines (Saudia) plans to raise at least SR10 billion ($2.7 billion) through the sale of shares in its ground-handling, cargo and maintenance units.
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Saudi Student DeathMan charged with killing Saudi student ‘for car he was selling on Craigslist’
A man charged with killing a Saudi Arabian college student stabbed him in order to steal a car the student was selling, authorities said. The body of 23-year-old Abdullah Abdullatif Alkadi was found after authorities questioned the suspect, Agustin Rosendo Fernandez, 28, who had the Audi when he was arrested last Thursday, said police chief Charlie Beck.
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U.S. Advisory MissionU.S. advisory mission in Iraq remains limited in scope and impact
Most of the U.S. advisers are miles away from any combat, sharing intelligence with Iraqi commanders, helping plan missions and develop strategies. Seven of those teams are embedded with Iraqi units in the Baghdad area, and five teams are assigned to the Kurdish area surrounding the city of Irbil, DoD officials said. There are no U.S. advisers with any Iraqi units in Anbar province, where Islamic State militants were advancing in early October and had seized control of several Sunni towns and cities.
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Guantanamo BaySaudi inmate to stay at Guantanamo, another cleared for transfer
A Saudi inmate with links to al Qaeda will remain at the Guantanamo Bay prison and a second Saudi man has been cleared for transfer home, a U.S. national security panel said on Monday. Muhammed Abd Al Rahman Awn Al-Shamrani, 39, should stay at the U.S. prison in Cuba because he remains a security threat, the Periodic Review Board said in an online posting.
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Solar Energy: MoroccoFirst plant in Morocco solar mega-project to open in 2015
Morocco expects to build five new solar plants by the end of the decade with a combined production capacity of 2,000 megawatts (MW) and at an estimated cost of seven billion euros ($9 billion). The Nour 1 plant cost 600 million euros and is expected to have a capacity to generate 160 MW. A consortium led by Saudi developer ACWA Power won the contract to build the plant, near Morocco's desert gateway city, last September.
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Influential MuslimsSaudi King Abdullah named world’s most influential Muslim
The list accords him the place in light of Saudi Arabia being home to Islam’s two holy cities of Makkah and Madina, which millions of Muslims visit throughout the year, as well as the kingdom’s oil exports. Rounding out the top three are Dr Ahmad Muhammad al-Tayyeb, grand sheikh of Al-Azhar University and grand imam of Al-Azhar mosque, and Iran’s Supreme Leader Ali Khamenei. The top nine are all political leaders and royals, including Morocco’s King Mohammed VI and Turkish President Recep Tayyip Erdogan.
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GCC VisaUnified GCC visa policy being mulled by tourism ministers
A unified GCC visa for tourist and businesspeople from 35 Arab and foreign countries could be available, according a high-ranking Kuwaiti official. Arab News reports that Samira Al-Gharib, assistant undersecretary for tourism at the Kuwaiti Ministry of Trade, told a local newspaper that the GCC interior ministries are considering introducing a “unified tourism visa”.
- Saudi Arabia keeps the oil market guessing
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