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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.
In their latest oil note, Goldman Sachs describe the oil market as having a “dominant firm/competitive fringe” structure, in contrast to say a monopolistic or perfect competition structure.
President Ghani was welcomed to Riyadh by Saudi Arabia’s Crown Prince Salman Bin Abdulaziz, who also serves as deputy prime minister and minister of defense. According to the Saudi Press Agency (SPA), the two men discussed “prospects for cooperation between the two brotherly countries, ways of enhancing them in all fields, and the latest developments at regional and international arenas.”
