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MUST-READS

  • Aquaculture
    KSA injects $11b into aquaculture projects

    The GCC’s rising per capita seafood consumption will come under the microscope at this year’s SEAFEX 2014, as a host of regional and international aquaculture companies showcase technologies - such as hatcheries, harvesting of plants and animals, processing and trading - designed to enhance future production of regional seafood products. According to a report by the Food and Agricultural Organization (FAO), the Saudi Arabian Ministry of Agriculture invested an additional $10.6 billion into aquaculture projects to produce one million tons of fish in the next 16 years.

  • Islamic State
    Ignatius: U.S. boots are already on the ground against the Islamic State

    Title 50 of the U.S. Code regulates the activities of the Central Intelligence Agency. An often-cited passage is Section 413b, which deals with presidential approval and reporting of “covert actions.” In essence, this statute gives the president authority, with a proper “finding,” to send U.S. Special Operations forces on paramilitary operations, under the command of the CIA. The best-known example was the 2011 raid on Abbottabad, Pakistan, that killed Osama bin Laden.

  • Saudi Stock Market
    Saudi corporate earnings growth set to jump before bourse opening

    The combined net profits of Saudi Arabia's leading companies are expected to rise 17 percent in 2014 and a further 11 percent in 2015, largely on the back of petrochemical producers and banks, although a number of companies in other sectors also promise strong growth. Those figures are based on average forecasts from analysts surveyed by Reuters for 81 companies which accounted for 99 percent of the total profits of constituent companies in Saudi Arabia's main equities index last year.

  • US Energy Production
    Fracking Gives U.S. Energy Boom Plenty of Room to Run

    But the boom already has lasted longer than anyone would have imagined just a decade ago and has more room to run. That's because oil and natural-gas wells have become more productive—an unrecognized but potent trend that should keep the fuels flowing.

  • Women in the Workplace
    Aramco, GE And Tata Open Saudi Arabia’s First All-Female BPO

    Spread across 3,200 square metres, the facility will create up to 3,000 local jobs for Saudi women within the next three years, the statement said. Saudi Aramco president and CEO Khalid Al Falih said: “The first all-female business process service center in Saudi Arabia brings significant value to the Saudi economy and society.

  • ISIS
    CIA: Islamic State group has up to 31,500 fighters

    A CIA spokesman says a new intelligence assessment estimates that the Islamic State group can muster between 20,000 and 31,500 fighters across Iraq and Syria, up from a previous figure of 10,000. The new assessment is based on a review of intelligence reports from May to August. It is larger than the 20,000 figure being used by many outside experts.

  • Jordanian Intelligence
    The Mouse That Roars

    Jordan played a key role in helping U.S. intelligence hunt down and kill Abu Musab al-Zarqawi, the former leader of al Qaeda in Iraq, the Islamic State's predecessor, according to former U.S. and Jordanian officials. Outside of Israel, Jordan's intelligence service is widely seen as the most competent and the closest to U.S. intelligence organizations. Many of its senior staff members were trained by the CIA, former U.S. officials say. That has helped Jordan, despite its small size, craft an intelligence service capable of wins like nabbing Zarqawi and helping the Americans quell a Sunni insurgency in Iraq in 2006.

  • U.S. Strategy
    The “Best Game in Town” – Five Key Risks of the President’s Strategy

    It may seem unusual to criticize a strategy you have both suggested and endorse, and it is important to stress from the outset that President Obama has almost certainly chosen a strategy that is the “best game in town” — if he fully implements it, gives it the necessary resources, and sustains it over time.  The President has had to choose a strategy based on the “rules of the game” in the United States, in Iraq, in Syria, and allied states. They are rules that place major constraints on what the United States can do.

  • Islamic Extremism
    Opinion: As Caliphates Compete, Radical Islam Will Eventually Weaken

    The rise of the Islamic State will inspire other jihadist groups to claim their own caliphates and emirates. In the long run, the extremism of these contrived dominions and the competition among them will undermine the jihadist movement. However, before that happens, the world will witness much upheaval.

  • Labor
    Expat employment in Saudi up by 14% in 2014

    A Shoura council member has urged the Labour Ministry not to allow major companies to circumvent Saudisation laws by signing accords with subcontractors run mostly by expatriates, according to the report in Arab News.