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Saudi - JordanJordan, Saudi kings in talks as they battle IS
Jordan's King Abdullah II met his Saudi counterpart in Riyadh Sunday for talks as both nations participate in a US-led bombing campaign against Islamic State group extremists in Syria.
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Lima Climate TalksSaudi Arabia says zero carbon emission goal not realistic
Setting a target of zero carbon emissions by 2050 is not “realistic,” Saudi Arabia’s chief negotiator at U.N. talks for a new, world climate pact said in Lima. “The zero-emissions concept — or let’s knock fossils fuels out of the picture without clear technology diffusion and solid international cooperation programs — does not help the process,” the Kingdom’s envoy, Khalid Abuleif, told journalists on the sidelines of the talks.
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Commercial RegulationsStanding at 30% of GDP: Saudi Shoura takes on fight against ‘shadow’ economy
The Shoura Council is currently debating a new law to fight tasattur or illegal business activities conducted by expatriates in the name of Saudis. The law is significant as the country’s shadow economy is estimated at nearly SR250 billion (66 billion USD) annually.
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OilSaudi seen keeping January oil supply to Asia steady
Saudi Arabia, the world’s top crude exporter, will keep supplies at full contracted volumes for Asian term buyers in January, industry sources said yesterday, the latest sign the kingdom is holding firm against falling prices caused by oversupply.
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E-ServicesSaudi Arabia: More e-services for drivers and insurers launched
The new e-services are in additon to Saher, which is a traffic management system launched in 2010 with the aim of reducing traffic accidents. The system links hundreds of fixed and mobile cameras and radars situated on key intersections and main highways across Saudi Arabia’s main cities to a central database. If anyone speeds, jumps a red light or breaks the country’s traffic laws, Saher photographs the offender’s licence plate, uploads the picture to the country’s central vehicle registration database, and immediately issues a fine to the vehicle’s owner.
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Energy ServicesSaudi Aramco vet joins Halliburton board
Halliburton has added 30-year Saudi Aramco veteran, Abdulaziz F. Al Khayyal to its board of directors, the company officially announced just weeks after its multi-billion dollar merger with rival Baker Hughes.
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MineralsSecond Exploration License Awarded in Saudi Arabia
On 5 December 2014, KEFI received confirmation that the 95km2 Hawiah Exploration Licence ("Hawiah EL") had been granted to KEFI's partner, Abdul Rahman Saad Al-Rashid & Sons Company Limited ("ARTAR"), on behalf of the KEFI-operated Gold and Minerals Joint Venture Company ("G&M"). Exploration work has now commenced and initial focus will be on a large Volcanogenic Hosted Massive Sulphide ("VHMS") target. VHMS deposits are closely associated with submarine volcanic rocks and are major sources of Gold, Copper, Zinc, Lead and Silver. Testing will begin on a 4km-long gold mineralised gossan (surface-exposed iron-rich oxidized portion of the VHMS mineralisation).
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Global Oil MarketsOil Producers: Saudi Arabia Knows Exactly What Must Be Done
By keeping its current levels of production, Saudi Arabia is also telling the world that the responsibility of putting brakes on sliding oil prices must be shared by both, the U.S. and Saudi Arabia. This is in contrast of the long-established, and perhaps obsolete, view that only Saudi Arabia, or the larger OPEC for that matter, is in a position to command meaningful influence on crude prices.
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U.S. Congress and IranU.S. lawmakers pausing on Iran sanctions over nuclear talks
But many lawmakers seem to be having second thoughts about their vows to immediately hit Iran with new economic penalties if Tehran's negotiators didn't agree to curb the nation's controversial nuclear program in negotiations that reached a one-year deadline last week. Instead, it appears that additional penalties probably will be delayed at least four months, which is the latest deadline for the negotiations between Iran and six world powers.
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U.S. Military SpendingThe Pentagon’s Sophie’s Choice Moment
Simply put, under projected defense budgets the Pentagon will not be able to maintain both adequate strategic forces and conventional capabilities. One will have to be sacrificed to preserve the other.
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