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Uninsulated buildings, cars and industrial activity consume 90 percent of the energy produced in Saudi Arabia, an expert from the Saudi Energy Efficiency Center (SEEC) said recently.
“For sure, the Kingdom’s aviation industry is an awakening Middle East giant and it is important not to underestimate it,” he says. “Overall, Saudia is the third largest carrier in the Middle East behind Emirates and Qatar Airways, and one of the few airlines in the region that has an extensive domestic market. “As part of its privatisation process, there are plans to expand its fleet to meet pent-up demand in the kingdom, and the Saudi national carrier is being upgraded. Clearly Saudia will continue to implement its plan in a very discreet manner, without marketing presence worldwide, with its vision to serve the country’s indigenous population first. The rebuilding of its fleet is also rebuilding the carrier’s market share, particularly in the Middle East – Africa regional market.
Director of Information and Communication at the Saudi Arabian General Investment Authority (SAGIA) denied that Riyadh intends to limit the number of licenses issued under the system of foreign investment. In comments to the state-owned Saudi Press Agency (SPA), SAGIA Communications Director Nasser Al-Tawayan said that reports that Saudi Arabia aims to limit the number of foreign investment licenses to just 100 per year were “baseless and untrue.” “It is not logical for SAGIA to adopt such a trend since it is incompatible with the basic principles underlying the economic policy of the Kingdom of Saudi Arabia which is based on openness, flexibility and the application of the concept of the free market in general,” he said.
A Saudi real estate company has sued Barclays for $10 billion (6.24 billion pounds), claiming the bank ceased pursuing lease payments due from the Saudi government on military complexes in the kingdom in order to obtain a lucrative banking license there.
Tunisia's secularist party Nidaa Tounes has won 85 seats in the country's parliament following Sunday's elections, official results show. The governing Islamist Ennahda party won 69 seats in the 217-seat chamber. The official results confirm earlier predictions and Ennahda officials have already urged Nidaa Tounes to form an inclusive government.
U.S. media coverage of the most recent war in Gaza was notably more critical than during similar incidents in the past. Young Americans are more critical of Israel than their parents, and tomorrow’s Republican leaders may not be quite as ironclad in their support of the Jewish state as today’s are. In the years to come, then, anonymous sniping could feel quaint—a reminder of when the two countries cared enough about their relationship not to insult each other openly.
Prince Sultan bin Salman, president of the Saudi Commission for Tourism and Antiquities (SCTA), launched the fifth and final exhibition, entitled “Saudi Archaeological Masterpieces Through the Ages,” at the Asian Art Museum of San Francisco, California, the Saudi Press Agency reported.
And blame — or credit — for the plummeting prices is falling squarely on Saudi Arabia.
"I just take three young men - an Egyptian, a Saudi and a Syrian - who set off from Abu Dhabi on a trip to Beirut for New Year's Eve. Beirut is a party town but to get from the Gulf you have to cross Saudi Arabia, Jordan and Syria. These places just created their own stories, their own laughs."
Two earthquakes registering 2.65 and 3.1 on the Richter Scale struck the west of Jeddah on Sunday, but there were no reports of injuries, loss of life or damage to property.
