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OIl
Saudi Aramco trades first fuel oil derivative on Platts
Saudi Aramco traded its first fuel oil derivative on Platts on Thursday and is expected to become more active in its paper trading activities, sources said.
Islamist Groups
Suicide Bomber Kills 7 in Pakistan Border Region
The bomber detonated the explosives at a meeting of government-backed militia members in the Khyber tribal region, along the Afghan border.
Security
Britain Arrests 6 in Counterterrorism Raids
The detention of three men and three women in Portsmouth and Farnborough, both in Hampshire, and in Greenwich, in southeast London, reflected heightened concerns that the rise of the Islamic State, also known as ISIS or ISIL, has helped foment jihadism, particularly among young Muslims opposed to British military actions in Muslim lands.
Sports
Women ‘allowed to enter’ Saudi soccer stadium for match
Adnan al-Moaibid, spokesman of the Saudi Arabian Football Federation (SAFF), however, said the entry of the Australian women fans is not their prerogative but rather a decision of the Asian Football Confederation (AFC) that is organizing the final match. He said the SAFF is committed to honoring the rules and regulations of both FIFA and the AFC regarding all soccer matches held under their umbrellas.
Medina
126 mosques to be razed in Saudi Arabia for Medina mosque expansion
Some 95 properties and 126 mosques will be demolished to carry out the expansion work of the Prophet’s Mosque in Madinah, said director general of the Madinah branch of the Ministry of Islamic Affairs and Endowments Dr. Muhammad Al-Amin Al-Khatri. Several of these buildings have been vacated while work is ongoing to vacate the others.
Foreign Workers
In ‘Rare Protest’, Egyptian workers riot in western Saudi Arabia
The official Saudi Press Agency says five Saudi civilians were injured when a group of Egyptians rioted in the northwestern Red Sea city of Duba in a rare protest by foreign workers in the kingdom.
Euro Disney
Saudi Prince Alwaleed agrees to help rescue Disneyland Paris
The French theme park secured a rescue deal from its biggest shareholder, US-based Walt Disney Company, last week that will see Disney swap €600 million ($761 million) of Euro Disney’s debt for equity and the deferment of repayments on loans until 2024, as well as new shares issued. Under the deal, Prince Alwaleed risked having his stake dramatically cut if he did not also invest extra cash.
Tadawul Opening
Saudi Debt Law No Lure for Wary Investors
Saudi Arabia’s plan to open its debt to foreigners for the first time has yet to convince some investors it will be worth plowing money into the region’s biggest Islamic bond market.
Social Media
Saudi Arabia’s 20 most popular Twitter users
25 Trends, a regional social media analytics company, has put together a list of the top 20 most influential Saudi tweeps (slang for Twitter user) for 2014. Influence index is similar to a Klout score, based on number of followers, number of verified followers, retweets, number of tweets, and other indices.
US-Turkey 'Standoff'
Turkey Seeks Buffer Zone on the Border With Syria
With the United States continuing to pressure Turkey to do more in the fight against the Islamic State, Turkey’s position has hardened around an idea it has pushed for years as a strategy to confront the chaos of the Syrian civil war: a buffer zone along its frontier with Syria.
- New York Times - Hagel: US Wants Use of Turkey Base, Help Training
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