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YemenUS drone strike kills 7 terrorists in southern Yemen
The US reportedly killed seven al Qaeda in the Arabian Peninsula (AQAP) fighters in a drone strike early this morning in the southern Yemeni province of Shabwa. The strike took place in the Azzan region of the province, located about 80 kilometers from the coast and long considered an AQAP stronghold in the country.
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EconomySaudi Arabia outpaces global growth for the last five years
Saudi Arabia has consistently outpaced global growth at an average of 5.5 percent for the last 5 years — a growth rate which is higher than that of MENA and the GCC, Alkhabeer Capital said in is new report which assesses opportunities and challenges for private equity in Saudi Arabia.
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Saudi Arabia and ExtremismTerror attack meant to sow discord brings Saudis closer together
While the international media’s attention has focused on the attack’s implications for the global effort to contain IS and other Al Qaeda offshoots, its more immediate impact has been on the social fabric of Saudi Arabia. A widespread backlash against the attack among the general Saudi public, accompanied by an outpouring of support for the Shia victims, has been reciprocated by calls for unity from Shia community leaders. Just as importantly, the measures the Saudi government has taken and the narrative it and its religious leadership have adopted, seem to have further reinforced the idea that a “united front” against terrorism encompassing all Saudis, was indeed emerging.
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Global Oil MarketsSaudi minister: It’s all a ‘misunderstanding,’ no ‘price war’ talk
"It's kind of a middle-of-the-road statement. Unless they do something, this huge amount of oil on the world market is not going to change," said McGillian. "As far as the price war goes, I always thought their intention on not defending the price level was that they wanted to weaken some of the marginal producers. The problem is the marginal producers are other members of the cartel."
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HealthcareIndian businessman to invest in Saudi pharma sector
A UAE-based Indian billionaire will make investments worth SR1 billion in healthcare and pharmaceutical manufacturing sector in the new Jazan industrial city.
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Al-AhsaSaudi deputy governor transferred after Shiite killings
A royal decree "decided to relieve Emir Jalwi bin Abdulaziz bin Musaid al-Saud" from his post and transfer him to Najran region bordering Yemen, the Saudi Press Agency reported without further explanation.
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OPECIn New Oil Order, OPEC’s Choice Is Pricing Power or Sales
“We’ve not seen a turning point like this in decades,” Mike Wittner, Societe Generale’s head of oil market research in New York, said by phone yesterday. “Is OPEC going to abdicate its role in the market? If the Saudis do exactly what they’re signaling, and just let the market take care of the overproduction, then it could certainly become irrelevant.”
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Arab IsraelisThe video of an Israeli cop shooting an Arab citizen that has rocked the country
The recording is sensational, in part, because the man shot by the Israeli police is an Israeli citizen who happens to be a Muslim and Arab. Arabs account for more than 20 percent of the population of the Jewish state of Israel. Although they are guaranteed full rights, some complain that they are treated as second-class citizens, while many Jewish citizens view their Arab counterparts with suspicion. (Arab citizens, for example, do not have to serve in the Israeli army. Then again, neither do ultra-Orthodox Jews.)
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NCBSaudi bank NCB to start trading on Weds after $6 billion share sale
Saudi Arabia's National Commercial Bank IPO-NACO.SE 1180.SE will make its Riyadh bourse debut on Wednesday, a statement from the exchange said, having completed a $6 billion initial share sale last week.
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Saudi Public HealthWomen’s gyms flourish in Jeddah as obesity levels rise
According to recent reports, 72.4 percent of Saudis over the age of 40 suffer from obesity, and 35.6 percent of the general population. Over 44 percent of women are obese, 26.4 percent of men, and 18 percent of children. A recent study revealed that a whopping SR500 million a year is spent in the Kingdom on treating people suffering from illnesses related to obesity, especially diabetes. The disease has increased 30 percent over the past 10 years.
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