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This may change as the government ramps up healthcare budgets. Spending has already jumped from $8 billion in 2008 to $27 billion last year, and Saudi asset management firm NCB Capital expects it to soar to $46 billion in 2017.
Saudi Arabia is planning to establish dedicated centres to monitor and control the deadly Middle East Respiratory Syndrome (MERS) in every province, it has been revealed a week after the World Health Organization (WHO) warned measures in the kingdom had been too lax, the Saudi Gazette reported.
There is one point at which family businesses are especially vulnerable, though -- when leadership is transferred. There's a whole academic literature on family-business succession, the basic conclusion of which is: it's hard. Do you go with the eldest son who has been groomed since birth to take over, or the younger daughter who's twice as smart? What if the kids don't get along? What if they're not interested in business? What if they can't control their anger around macadamia nuts?
OPEC this month raised the demand estimate for its crude by 430,000 barrels a day to 29.2 million barrels, with the forecast raised most for the second half. Oil demand growth will accelerate to 1 percent this year from 0.7 percent last year, partly on faster economic growth, the Paris-based International Energy Agency said on Tuesday.
The new royal court chief is not simply enjoying an extended apprenticeship to power, but is already a central figure. Many of the technocratic young ministers appointed by Salman this month worked for Prince Mohammed's own charity, another sign of his influence in government.
Whether the Israeli prime minister and congressional Republicans meant it to or not, Benjamin Netanyahu’s planned speech before a joint meeting of Congress on March 3, just two weeks before Israel votes, has seized center stage as the dominant issue in the election campaign.
“The resolution we’ve submitted today does not call for the deployment of U.S. ground combat forces to Iraq or Syria. It is not the authorization of another ground war, like Afghanistan or Iraq,” Obama said in his announcement at the White House. “I’m convinced that the United States should not get dragged back into another prolonged ground war in the Middle East … At the same time, this resolution strikes the necessary balance by giving us the flexibility we need for unforeseen circumstances.”
Saudi Arabia is building great wall — or rather, a great chainlink fence with razor wire — to "protect against ISIS" in Iraq. And it's not the only country investing in very expensive walls right now, even though they probably won't work. Why? Because walls aren't just about security. They're also powerful symbols.
Compared to the summer of 2013, U.S. intelligence professionals have seen a “pendulum swing” in the willingness of European law enforcement to share information with the United States on European citizens, said Nicholas J. Rasmussen, director of the National Counterterrorism Center, or NCTC, on Wednesday.
The move was reciprocated Tuesday by Saudi Ambassador to Lebanon Ali Awad Asiri, who participated in a ceremony commemorating the anniversary of the Iranian Revolution. The Iranian ambassador described relations with his Saudi counterpart as “very good.”
