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We have Saudi women who work for us at the GE Manufacturing Technology Center in Dammam. We have lots of talented Saudi women who work for GE not just in the Kingdom but in other countries. We are very pleased with their caliber. We also are pleased with the observations that we get from our partner TCS, which operates over a hundred facilities around the world that perform activities similar to what we are performing in Riyadh at the business process center. They report that the quality of the work at the center compare favorably with the centers that they operate around the world. So that’s an even better report card.
Daily output dropped to 180,000 barrels from about 200,000 barrels last month and 225,000 barrels in October, said the people, who asked not to be identified because the matter isn’t public. Two rigs are halted and more may be idled in the next few months because Saudi Arabian Chevron Inc. faces problems operating wells due to a lack of personnel after Kuwait stopped issuing and renewing work permits in October, they said.
Saudi Arabia’s Ministry of Commerce and Industry has recently released a draft for the first eCommerce law in the country. The eCommerce market share in Saudi Arabia will hit $13.3 billion in 2015, according to research published by a Dubai-based web design and development company.Saudi Arabia is getting closer to this target, with the kingdom’s online retail expected to account for up to eight percent of its total retail market in 2015, leaving the US (7.1 percent), Japan (6.8 percent) and France (6.7 percent) behind.
Saudi Arabia is seeking to boost gas output to supply power plants and petrochemical facilities. The company, which found gas deposits in the Red Sea in 2012, plans to more than double investment in unconventional sources of the fuel, which are harder to find and extract than more typical deposits, CEO Khalid Al-Falih said Jan. 28.
A US shipment of military equipment worth US$25 million arrived at Beirut’s port on Sunday, as it was announced that the first deliveries of Saudi-funded French weapons to Lebanon would begin in April. Both are aimed at bolstering the Lebanese army’s fight against extremist forces on the border with Syria.
“Issues such as labour, domestic oil consumption, diversification — these are not easy with $50ish [a barrel] oil,” said John Sfakianakis, regional director for Ashmore Group. “But it at least offers the opportunity to get reforming.”
US Secretary of State John Kerry ruled out extending a March 31 deadline for Iran nuclear talks unless the basic framework of an agreement is hammered out, speaking in an interview aired Sunday.
Sevag Kechichian, an Amnesty International researcher, explains that in matters that are not clearly defined in the Koran or the hudud, a section of sharia law on serious crimes, judges have a reasonable amount of discretion, although they must consider precedents set by other judges and laws implemented by the government (such as a recent counterterror law and cybersecurity law).
"Kick-starting global growth will be front and centre" at the G20 meetings, Canadian Finance Minister Joe Oliver said last week, citing the stalled euro zone, slowdowns in China and India and geopolitical crises in Ukraine, Iraq and Syria as key risks.
Charles embarked on a six-day tour of the Middle East this weekend beginning in Jordan and is expected to also visit Saudi Arabia, Kuwait, Qatar and the United Arab Emirates. His office is not commenting on his exact agenda and the content of any meetings until they are underway.
