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LaborSaudi’s Labour Ministry Says Needs $4bn Per Year For Reforms
The Kingdom has been struggling to bring down the unemployment rate among nationals – estimated at around 11.4 per cent, with economists saying that just 30 to 40 per cent of the working age adults participate in the workforce.
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Real EstateHousing: ‘Many frustrated home-seekers on the edge’
The shortage of housing ranks high among the list of many other concerns. A rising gap between what is available on the market and what most Saudis can afford has left many frustrated home-seekers on the edge. A shortage of low- and middle-income targeted housing means millions of Saudis cannot afford to buy a home. Young Saudis are especially affected since it takes years of saving before many can afford to buy a home, often a precursor to marriage.
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BateelSaudi food firm bets on French bread to make the dough
Saudi Arabian firm, Bateel, hopes that by providing an international flavor to their offerings they will be able to further entice customers to their branded stores and cafes across the Middle East.
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RamadanAs Millions Of People Fast For Ramadan, Does The Economy Suffer? : NPR
New research examines the effects of Ramadan, the Muslim holy month during which millions of people around the world go without food all day. Does religious practice affect economic growth?
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OILSales of black market oil surge in Middle East
Crude oil sales through non-governmental channels are a rising trend in the Middle East, with Islamic State of Iraq and Syria (ISIS) radical fighters and Iraqi Kurdistan getting in on the action, experts say.
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ReservesSaudi oil reserves to rise to 273 billion bbls by 2017
Business Monitor International has released a new report, ‘Saudi Arabia Oil & Gas Report Q3 2014’, in which it indicates the view that crude production in the country will remain elevated by historical standards in 2014 and 2014.
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MilitaryUS State Department Approves New Hellfire Sale to Iraq
The US State Department has approved two new lots of weapon sales to Iraq at a time when that government is desperately trying to fight off the encroachment of the militant Sunni Islamic State. The larger agreement would procure 5,000 AGM-114K/N/R Hellfire missiles for the Iraqi military for $700 million. Lockheed Martin is the principal contractor on the agreement.
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ObamaSyrian death toll and extremist threat increases, but the U.S. does little
It’s not easy at this late stage for the United States to intervene in Syria or Iraq in a way that would be constructive. But if one principle seems obvious, it is that moderate forces willing to fight the Islamic State should be aided — and quickly. Foremost among these are Syria’s secular rebels. The independent militia of Iraqi Kurdistan, which faces the Islamic State along a 900-mile front, is another clear candidate. Mr. Obama’s decision to stand back from Syria and Iraq has done much to create the present threat to the United States. Continued passivity will only make it worse.
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EnergyDeep-Water Knowledge Will Be Key to Saudi Aramco’s Red Sea Play
The fast tracking of the Kingdom of Saudi Arabia’s (KSA) first major offshore natural gas fields in the Red Sea heralds the start of a massive new energy programme for the Kingdom, which will ultimately create new commercial opportunities for service companies with deep-water experience.
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ISILSaudis Alert to Enemies on Both Sides of Iraq Schism
Saudi Arabia is a target for both sides in Iraq’s deepening conflict, one reason it has ramped up security levels to confront a threat that’s more immediate than the Arab Spring revolts three years ago.
- Washington Post - Five myths about the Islamic State
- McClatchy - As Shiite militias return to the fight, Iraqi politicians worry about sectarian war
- Washington Post - In Iraq, airstrikes slam into Mosul, city held by al-Qaeda-inspired militants
- DefenseOne - ‘You Have to Kill Them’ Says Former U.S. Ambassador to Iraq
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