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MUST-READS
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Focus: The tough questions facing Saudi Arabia’s economy
Effectively, then, national development transpired via oil income (and state owned enterprises), bypassing industrialization. As part and parcel of the statist economic models of the surrounding region, national development then must move towards private, alternative economic development. However, in the absence of a suitable private sector climate a middle ground must be engaged, namely entrepreneurship.
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Over 8m expats in private sector
There are more than 8.2 million expatriates working in the private sector compared to 1.4 million Saudis, according to a senior official of the Labor Ministry. Ahmed Al-Fiahid, ministry undersecretary, told Okaz/Saudi Gazette that the increasing number of foreign employees in the Kingdom is one of the challenges facing the ministry.
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Saudi Arabia carries out second wave of counterterror arrests
Saudi security authorities have continued their counterterror offensive following the Al-Ahsa attack on Monday, arresting more than 26 suspected militants involved in the attack following security raids across the Kingdom. A high-level Saudi security source, speaking to Asharq Al-Awsat on the condition of anonymity, said that Saudi security forces are committed to tracking down and arresting all those involved in the attack on the Shi’ite Husseiniya (meeting house) which resulted in the death of eight citizens and the wounding of 10 others. Security forces most recently arrested three suspected militants in the central Riyadh region on Thursday morning following information obtained by questioning suspected militants who had been arrested in earlier security raids.
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9/11 Plaintiffs Ask For Time To Assess Moussaoui Claims Of Saudi Involvement
Whether Moussaoui’s testimony will help the plaintiffs is unknown. Moussaoui was arrested before the 9/11 attacks in August 2001 on immigration charges after officials became suspicious about his attending a flight-training school in Minnesota. While he had contacts with the other 9/11 hijackers, his credibility would be challenged by his changing claims of involvement in the plot. He ultimately pleaded guilty to involvement even as 9/11 planner Khalid Sheik Mohammed claimed he wasn’t part of the team.
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SAMA net foreign assets down from August record high
Saudi Arabian Monetary Agency’s net foreign assets edged down to SR2.762 trillion ($736.5 billion) from a record high of SR2.764 trillion in August. They were up 6.0 percent from a year ago, the slowest growth since May 2010.
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Gunmen storm Libya’s El Sharara oilfield, shut down production
The closure is a blow to government efforts to keep oil production isolated from the spreading chaos in the North African country, where two prime ministers, parliaments and army chiefs of staff compete for control. The closure will lower the OPEC member's oil production, last reported at around 800,000 bpd, by at least 200,000 bpd.
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Most Powerful People Forbes List
At only 30 years old, Facebook CEO Mark Zuckerberg is the youngest person on the list, while the 90-year-old king of Saudi Arabia, Abdullah bin Abdul Aziz Al Saud, is the oldest.
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Watch out Orlando, Dubai wants to be the world’s biggest theme park destination
While Dubai is currently home to a handful of theme parks -- most notably Wild Wadi and Atlantis The Palm's Aquaventure -- the city has yet to establish much of a track record in the industry. Many projects announced prior to the 2008 crash were assigned to the scrap heap afterwards. "In our industry, there tends to be more announcements of theme parks than those actually built," warns Gerner. "It's a quandary for analysts like myself. Typically we look at new projects as a share of the existing market, so it's very hard to evaluate the potential for going into somewhere entirely new."
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Major U.S. Army division ends operations in Afghanistan 13 years after it arrived
In the fall of 2001, the 10th Mountain Division was the first major army unit to arrive in Afghanistan in support of American Special Forces who helped topple the Taliban government. Since then, about 177 soldiers from the division have been killed while serving in the country. “We were the first division here, and I think it’s fitting we’d be the last,” in a combat role, said Maj. Gen. Stephen Townsend, the division’s commander, after a ceremony marking the division’s departure from rugged eastern Afghanistan.
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War, Interrupted, Part I: The Roots of the Jihadist Resurgence in Iraq
In the Sunni areas where the Iraqi government had little control, it did not take long for the Islamic State to slowly and methodically eliminate resistance one person at a time. For example, in the small but strategic town of Jurf ah Sakhar south of Baghdad, and on the Sunni-Shia fault line, there were 46 Awakening members reported killed between 2009 and 2013, in 27 different incidents. Most were shot singly or in pairs in the first three years of the campaign, and four were Sheiks from the local Janabi tribe and leaders of the council. By my count, 1,345 Awakening members across Iraq have been killed since the beginning of 2009, and this is a massive undercount as the data is only based on confirmed media reports of killings. More importantly, there are obvious patterns of activity that focus on the contested areas that the Islamic State wants to control.
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