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Saudi diversifies to increase intra-GCC trade
A report by ICAEW revealed that although Saudi Arabia is the Middle East's largest goods exporter, accounting for a third of total goods exported in 2013, about 95 percent of these were destined for nations outside of the region. The planned GCC Railway, a 2,177 km project linking the networks of the six GCC countries, represents the most ambitious aspect of the region's railway infrastructure plans.
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Hospitality sector sees fast growth
He further explained that over 77 percent of the hospitality investment in the Kingdom is in the two holy cities of Makkah and Madinah. This is expected to rise in addition to increased investments in hotels, particularly the three-star category, resorts and upscale furnished apartments in other major cities of the Kingdom in the future.
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The Only Choice Left for Afghanistan
In effect, the U.S. administration has indicated that unless Afghan presidential candidates Abdullah Abdullah and Ashraf Ghani adhere to the national unity framework they agreed to in July, the sine qua non U.S. financial assistance to Afghanistan will come to an abrupt halt. Thus far, the Afghan political process remains at an impasse, with both sides claiming victory. But Obama's litmus test for support is leaving them with little choice but to accept this accommodation. As such, it appears as if the only choice left is for the candidates to agree to a power-sharing interim government that adheres to Obama's doctrine.
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Kerry’s anti-ISIS push will not be an easy sell in Riyadh
Much like their view of the violence in Iraq, the Saudis do not believe that ISIS’ presence in Syria can be eliminated without ending the civil war there. To them, that cannot be accomplished as long as Bashar al-Assad remains in power. Not only has Saudi Arabia publicly accused Assad of conducing a “genocide” against the Sunni majority in Syria, it has also been one of the biggest supporters of the more moderate elements of the opposition.
- NPR - Kerry Faces Tall Order In Organizing Regional Coalition Against ISIS
- SUSRIS - Saudi Arabia Hosts Coalition-Building Regional Conference (Photos)
- VOA - Opinion: Coalition Against Islamic State Must Include Iran
- Defense News - Pentagon: U.S. Troops to Advise Iraqi Units at Brigade Level
- Your Middle East/AFP - Arabs back anti-IS move as Syria warns on attacks
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Video – Saudi Arabia’s Big Reform Plans
Working as a car mechanic in Saudi Arabia has traditionally been seen as a job for foreigners. But times are changing. The government has introduced new labour reforms to entice Saudis' out of the public sector and into private enterprise. It's offering help to pay for training. And improve working conditions by limiting working hours. Safi Al-Shamrani is learning the ropes in his father's car repair business.
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What 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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New US Intelligence Report: Of the 88 Gitmo Detainees Released, Few Have Returned to Fight
How many of the 88 Guantanamo detainees who President Barack Obama has released from the detention facility have since engaged in terrorism? Not many.
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Saudi Aramco to Invest USD 40 Billion to Double Gas Capacity
To achieve these objectives, Al-Falih said his company has adopted an open network innovation model that integrates capabilities and ideas from around the world through strategic research alliances, through investing venture capital in startup companies that are developing cutting-edge energy technologies, and by establishing global satellite research centers embedded within university campuses.
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Saudi Arabia hosts talks with U.S., regional allies on Thursday
It said the participants would include Egypt, Turkey, Jordan and member states of the six-country Gulf Coopertion Council (GCC), which in addition to the kingdom comprises Bahrain, the United Arab Emirates, Kuwait, Oman and Qatar.
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Saudi Aramco, Sumitomo Chemical invite banks to back JV plant expansion
PetroRabigh's existing plant can produce an annual 18 million tonnes of refined products and 2.4 million tonnes of petrochemical products. The new facility, known as Rabigh II, is to be built as an expansion of PetroRabigh's existing petrochemical plant, increasing output and introducing higher-margin products. The project, located on Saudi Arabia's Red Sea coast, received a formal go-ahead from the parent firms in 2012; PetroRabigh has said previously it is due to come online in 2016, despite a string of maintenance problems at the existing facility.
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