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Major Saudi Arabian construction firm Abdullah Abdul Mohsin Al Khodari Sons Co said on Sunday that it would diversify into solar and nuclear energy.
If you ask the linguist and philosopher Noam Chomsky, the Arab Spring did not begin in Tunisia in 2011, but with the October 2010 protests in the town of Gdeim Izik, in Western Sahara's occupied territories. The former Spanish colony has been illegally occupied by Morocco since 1975. Its territory is divided in two by a 1,677-mile long sand wall and surrounded by some 7 million land mines.
The mood of mockery belied the nervousness among many Lebanese that they may be Islamic State’s next target. The country is part of the Levant, where the Sunni militant group, previously called the Islamic State in Iraq and the Levant, seeks to extend the caliphate it has established in parts of Iraq and Syria.
Saudi Arabia's government will study whether to build a high-speed railway line between Riyadh and Dammam, capital of the country's oil-rich Eastern Province, transport consultancy Consultrans said on Friday.
The beheadings of James Foley and Steven Sotloff have changed that. Republican Senate candidates in Alaska, Georgia, and New Hampshire are now tying their Democratic opponents to Obama’s supposed lack of a strategy against ISIS. Democratic Senators Bill Nelson and Tim Kaine are urging Congress to authorize the president to bomb the Sunni extremist group in Syria and Iraq. Last September, when YouGov.com asked Americans whether they supported air strikes “against Syria,” only 20 percent said yes. Last week, by contrast, when it asked whether Americans supported strikes “against ISIS militants in Syria,” 63 percent said yes.
Saudi Arabia and France are looking to open up new channels for French companies to invest in the Kingdom, the Saudi Arabian General Investment Authority said, as Saudi Crown Prince Salman Bin Abdulaziz wrapped up a three-day official visit to the country.
According to a report by K.A.CARE on Saudi Arabia’s solar energy deployment roadmap, locations such as border posts, highway family rests, remotely located mosques and small-sized villages all represent excellent potential for micro-generation through hybrid designs, including solar-powered desalination and cooling. The daily electricity needs of such isolated areas are usually met via diesel generators that are transported periodically to these bases. Not only is the solution expensive and unreliable but the generators struggle to function during the hottest times of the day and often break down. The Nofa Equestrian Resort, located 85 km west of Riyadh, is already benefitting from the hybrid concept through its recently-commissioned 1 MW CPV plant, which is offsetting the resort’s 14 MW diesel generator. Most significantly, Saudi Aramco and Saudi Electricity Company are discussing plans to replace as much as 300 MW of diesel generation in off-grid locations with solar PV.
Saudi Arabia’s economic indicators last July point toward a sustained developmental growth in the Kingdom, Jadwa Investment said in its Saudi Chartbook for this month. It said the economic data for July was strong with the non-oil PMI expanding at the fastest rate since September 2012. Consumer spending also remained robust.
“There’s a lot of quite interesting countries within the MENA, and one place we would like to get much bigger in is Saudi Arabia. That’s an obvious one for us – since it is biggest economy in the region. We have a large branch there, with 250 people, and we are the only UAE bank that has a fully-fledged branch in Saudi Arabia,” he said.
It is not yet clear that ISIS will endure as a menace. Fast-moving extremist conquerors sometimes have trouble holding their ground. ISIS has promised to govern as effectively as it intimidates, but its talent lies in extortion and ethnic cleansing, not in sanitation and job creation. It is vulnerable to revolt from within.
