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Israeli PoliticsIsraelis Frustrated With Outcome of Gaza Conflict
Prime Minister Benjamin Netanyahu faces frustration over how the conflict with Hamas is winding down, both from the Israeli public and from parties that wanted harsher action against Gaza's Islamist rulers.
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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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TASIMiddle East funds see value in popular Saudi stock market
“We believe that valuations in Saudi Arabia are beginning to look stretched at these levels,” said Vijay Harpalani, assistant fund manager at the UAE’s Al Mal Capital. “If we compare valuations, the market is trading at a premium to GCC, as well as emerging, markets.” However, managers think the Saudi market’s liquidity and diversity, as well as the macroeconomic stability provided by the country’s big current account and state budget surpluses, justify some degree of premium. They still see pockets of opportunity in some sectors.
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GCCGCC ‘resolves’ spat with Qatar, envoys to return – Gulf states ready to help counter IS jihadists
But Obama said he was developing a broad plan that would involve military, diplomatic and regional efforts to defeat the IS jihadists who have sown terror through crucifixions and gruesome beheadings. Obama said he would dispatch Kerry to the Middle East to discuss the plan with regional allies, namely in the Sunni-dominated Gulf monarchies. “We have all heard what President Obama said about a coalition and that he has asked John Kerry to travel to the region to set it up,” said Sheikh Sabah Khaled. “We are waiting for more details to understand what is needed… We are waiting for Kerry,” he added after chairing the GCC meeting.
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AramcoSaudi Aramco seeks interest for work on unconventional gas-sources
The search for gas has been a priority for Saudi Arabia as it struggles to keep pace with rapidly rising domestic demand. Aramco plans to produce as much as 200 million cubic feet per day of unconventional natural gas by 2018 to supply the Waad al-Shamal project and a power plant. Inspired by a shale gas surge in the United States, which has transformed it from the world's largest gas importer to an exporter, Saudi has begun investigating its large unconventional gas reserves.
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Islamic StateMilitary Skill and Terrorist Technique Fuel Success of ISIS
As fighters for the Islamic State in Iraq and Syria continue to seize territory, the group has quietly built an effective management structure of mostly middle-aged Iraqis, including many military officers under Saddam Hussein, overseeing departments of finance, arms, local governance, military operations and recruitment.
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ElectricitySEC to bring 4,750 MW of natural gas-fired generating capacity in Riyadh
The Saudi Electricity Company (SEC) announces plans to bring online more than 4,750 MW of natural gas-fired generating capacity in Riyadh between years 2015 and 2017.
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ISLAMIC STATEAmerican woman is being held hostage in Syria
The Islamic State militant group is holding hostage a young American woman who was doing humanitarian aid work in Syria, a family representative said Tuesday. The 26-year-old woman is the third American known to have been kidnapped by the militant group.
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IraqInsurgency Deepens Iraqi Ethnic, Sectarian Divides
The offensive by the Sunni militants is threatening to reshape the demographics of once-mixed communities by dividing territory along ethnic and religious lines, Iraqi and Kurdish officials say.
Kurds, Christians and other minorities were driven from their homes by the insurgents' rapid advance. But even after Kurdish forces, aided by U.S. airstrikes, wrested back control of some of the towns, many are refusing to move back if their Sunni Arab neighbors are also allowed to return.
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NitaqatEmployees with Yellow Employers are in Danger
This week, Saudi authorities have made some changes in the Nitaqat Rules. In fact the changes have been made especially for the “Yellow Category Employers”.
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