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Saudi MilitarySaudi releases pictures of pilots who took part in strikes against ISIS
Saudi Arabia has released photographs of pilots it said conducted airstrikes against the Islamic State of Iraq and Syria (ISIS) in Syria as part of a U.S.-led campaign against the militant group. In of the pictures, carried by the official Saudi Press Agency (SPA), some airmen were smiling, in green flight suits with arms around each other in front of one of their fighter jets.
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Al-Qaeda in SyriaSenior al Qaeda strategist part of so-called ‘Khorasan group’
Al Qaeda's so-called "Khorasan group," which was struck in the US-led bombing campaign earlier this week, is run by senior jihadists dispatched to Syria by Ayman al Zawahiri. One member of the group, a veteran al Qaeda operative named Muhsin al Fadhli, has been publicly identified. But several US intelligence officials contacted by The Long War Journal have confirmed that another well-known al Qaeda bigwig, a Saudi known as Sanafi al Nasr, is also a leader in the group. And, like al Fadhli, Nasr once served as the head of al Qaeda's Iran-based network.
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YemenHouthi rebels sign deal with Yemen parties to form new government
The accord aims to address a decade-old Shi'ite Houthi insurgency and a spate of bloodshed this month that posed a major threat to U.N.-backed efforts to stabilise the country, which neighbours oil giant Saudi Arabia and has also struggled to contain al Qaeda militants and southern secessionists.
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Social EntrepreneurshipWhat can a Dubai fashion startup teach you about social entrepreneurship?
Determined to make a difference, the two women cofounded JUST, a social enterprise that aims to enable a transparent and “values-driven, not value-driven” fashion supply chain by connecting designers and manufacturers to ethical, sustainable suppliers. JUST leverages technology to promote transparency within the fashion supply chain by authenticating suppliers based on their ethical and sustainability standards and presenting them on an easy to use online platform for designers and manufacturers.
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ReutersTunisia’s main Islamist party to stay out of presidential election
Tunisia’s main Islamist party, Ennahda, said on Sunday it would not contest a presidential election in November, in the interest of ensuring an inclusive government for all Tunisians.
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Saudi EconomyAnalysis | Saudi Economy – Jadwa Chartbook – September 2014
Economic data for July was strong with the non-oil PMI expanding at the fastest rate since September 2012. Consumer spending also remained robust. Cement production and sales declined on the back of seasonal trends, but also due to changes in labor market.
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NCB IPOSaudi Arabia’s Largest Bank Said to Plan IPO Next Quarter
The IPO, which could raise about 16 billion riyals ($4.3 billion) according to Riyad Capital, would make it the world’s largest such sale this year, surpassing Japan Display Inc. (6740)’s $3.1 billion offering in March. Chinese e-commerce giant Alibaba Group Holding Ltd. is expected to raise as much as $20 billion from its IPO later this month, a deal that has the potential to be the largest offering in U.S. history.
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Ma'adenSaudi Ma’aden, Alcoa start commercial ops at huge aluminium plant
Saudi Arabian Mining Co (Ma'aden) said on Monday its joint aluminium smelter with U.S.-based Alcoa has started commercial operations. The $10.8 billion aluminium plant at Ras al-Khair, on the Gulf coast of the kingdom, had experienced issues during the initial start-up phase last year when it had to shut one of its two smelting lines in October due to problems encountered during ramp-up.
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Solar PowerSolar Power Investors Start to See Some Light and Heat
Prices have stabilized as growth in demand for panels is finally outpacing capacity expansion. This benefits manufacturers. Most top-tier suppliers of solar modules reported profit margins that topped 15% in the first quarter, up from 10% toward the end of 2013, according to Matthew Feinstein of Lux Research.
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PetrochemicalsSaudi Sahara Petrochemical’s subsidiary restarts output after glitch
Saudi Arabia's Sahara Petrochemical Co said on Wednesday its subsidiary had fixed a technical fault at a utilities unit and was now working on restarting production.
Sahara, which ended merger talks with Saudi International Petrochemical Co (Sipchem) in June, said Aug. 17 a shutdown in polypropylene output had occurred at Al Waha Petrochemicals which could reduce third-quarter profit at the parent firm by nearly 9 million riyals ($2.4 million).
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