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Abraaj aims to seal purchase soon of Saudi fast-food chain Kudu
Private equity firm Abraaj Group hopes to conclude a deal soon to buy a majority stake in Saudi fast-food chain Kudu alongside TPG Capital, a senior Abraaj executive told Reuters.
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‘Haqqani rebels held in Bahrain’
Members of the Afghan Taliban, including the Haqqanis, have long moved relatively freely in Qatar, which in the past has mediated between the US and the militant group. The arrest of the two Haqqani leaders last week, however, may indicate that is changing, the Journal said.
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Saudi Arabia, Kuwait shared zone tensions underlie oilfield closure
Any differences between the two OPEC allies are watched closely by oil majors getting ready to return to Kuwait after years of fruitless talks and fierce political opposition to foreign firms taking a role in production in the past. Diplomatic and industry sources have told Reuters that Kuwait has been placing restrictions on the Saudi unit of U.S. oil major Chevron which operates another jointly run Neutral Zone field, Wafra, as a result of various disputes. The curbs have affected oil output from the Neutral Zone, which dates back to 1920s treaties to establish regional borders. Output capacity from the Zone has been around 600,000 bpd until last year, according to the U.S. Department of Energy.
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Non-oil private sector in Saudi Arabia surges to over 3-year high
In the latest Saudi British Bank PMI report, it noted that the growth was underpinned by accelerated increase in new work and output. Latest data showed that new business rose at its strongest pace for 28 months, amid strong demand for goods and services. Notably, construction was reported by several sources to be a key area of demand growth, while others reported the benefits of higher marketing and promotional activities.
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Measures under way to help Saudi women work from home
The Council of Saudi Chambers of Commerce and Industry has announced a series of measures to activate a project it had launched earlier to enable women, especially those with special needs, to work from home.
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Saudi Arabia Has Stepped Up Public Beheadings, And Some See A Political Message
A sudden surge in public executions in Saudi Arabia in the last two months has coincided with a U.S.-led bombing campaign against Islamic State. This has led to inevitable comparisons in Western media between Islamic State's beheadings and those practiced in Saudi Arabia.
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New Afghan leaders face culture clash as they form Cabinet
Ghani, an American-educated technocrat who cites Abraham Lincoln and Lyndon B. Johnson as his influences, wants to enact reforms and create a modern government run by experienced civil servants accountable to the people. But he has to contend with the high expectations of dozens of powerful individuals under him, some with nefarious pasts, who helped him attain the presidency. They are steeped in the traditional ways of Afghan politics, driven by ethnicity, patronage and enormous egos.
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The Pentagon Can’t Say If It Stopped the Khorasan Terror Threat
The United States launched eight strikes against the Khorasan Group last month "to disrupt the imminent attack plotting against the United States and Western interests," Central Command, which oversees military operations in the Middle East, said in a Sept. 23 statement. Those strikes targeted the group's "training camps, an explosives and munitions production facility, a communications building, and command and control facilities." There were also early reports that Mohsin al-Fadhli, one of the group's leaders, was killed during the airstrikes around Aleppo—a city in northwestern Syria—but the Pentagon is unable to confirm those reports.
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Facilities Management in KSA: Fit for a king
With a recent report by MEED Insight noting that there are $417bn worth of construction projects lined up in Saudi Arabia's future, it shouldn't be too hard to figure out why facilities management (FM) companies are all hurrying to start operations in the Kingdom. The country is, after all, seeing some amazing developments being planned and executed, and FM expertise can play a key role in ensuring that these properties, once built, are operated and maintained effectively and efficiently.
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Saudi Arabia labour market reforms bring change at the checkouts
One day, during a training session, he showed two productivity charts to male checkout staff, their own and one with much better results. The staff were convinced that the other chart was a record of their Asian predecessors. When the manager explained that it showed the productivity of women checkout operators, the men began to work much harder.
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