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PetrochemicalsPlastics exports in Saudi Arabia valued at $1.49 billion
Plastics remain the largest category by contribution on the exports side of the Saudi economy valued at SR5.6 billion ($1.49 billion), the National Commercial Bank said in its “Saudi Economic Review” report last month.
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Manama DialogueTenth Manama Dialogue and Regional Challenges
High level delegates from about twenty countries will meet in the Bahraini capital Manama on December 5-7. They will convene to debate regional realities of defense and security.
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Abu Dhabi AttackWesterners in Abu Dhabi Anxious After Jihadist-Linked Murder of Teacher
Westerners in Abu Dhabi say they are concerned about rising extremism following the killing of an American teacher and the placing of a bomb outside the home of an American doctor in a state that is renowned for its security and tolerance of Western residents.
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Saudi GeologyRiyadh’s amazing Edge of the World
According to geologists, the Edge of the World was formed between 135 and 180 million years ago. The plateau slopes at two peaks — by Al-Zulfi to the north and Wadi Al-Dawasir in the south. Geologists also say that about 130 years ago, these valleys were flooded with water and are currently filled with fossils.
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Global Oil MarketsThe new economics of oil: Sheikhs vs. Shale
So the economics of oil have changed. The market will still be subject to political shocks: war in the Middle East or the overdue implosion of Vladimir Putin’s kleptocracy would send the price soaring. But, absent such an event, the oil price should be less vulnerable to shocks or manipulation. Even if the 3m extra b/d that the United States now pumps out is a tiny fraction of the 90m the world consumes, America’s shale is a genuine rival to Saudi Arabia as the world’s marginal producer. That should reduce the volatility not just of the oil price but also of the world economy. Oil and finance have proved themselves the only two industries able to tip the world into recession. At least one of them should in future be a bit more stable.
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U.S. Treasury DepartmentUS removes Saudi from sanctions list after 13 years
A leading Saudi businessman and philanthropist has been removed by the US Treasury Department from its Specially Designated Nationals (SDN) list.
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Saudi FootballAngry Saudi soccer clubs pinpoint Gulf labour market contradictions
The clubs' complaint mirrors problems across the Gulf with government efforts to encourage preferential employment of nationals. The complaint is particularly stark given that the kingdom unlike smaller Gulf states like Qatar and the United Arab Emirates still boasts a population in which nationals constitute a majority, if only a slim one.
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Anti-ISIS CampaignU.S.-led coalition has weakened Islamic State, Kerry says
"Our commitment will be measured most likely in years but our efforts are already having a significant impact," Kerry said at the start of a first meeting of ministers from a coalition of more than 60 countries that Washington has assembled to destroy Islamic State, which is also known as Daesh.
- LA Times - Recent Iran airstrikes in Iraq help drive Islamic State from 2 towns
- The Hill - Lawmakers question Turkey's efforts to stop foreign ISIS fighters
- Reuters - United States Already Has Ties With Some Potential Syrian Rebel Recruits
- McClatchy - Anti-ISIS Coalition Seen Behind Group's Decision to Suspend Cellphone Service in Mosul
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U.S. Secretary of DefenseAshton Carter, the Wonk Who Would Lead the Pentagon
Obama is widely believed to tap an ex-physicist who cuts military waste like a laser to become the next secretary of defense. Call it the revenge of the wonk. After being passed over for Defense Secretary last year while serving as the Pentagon’s No. 2, Ashton Carter, a widely admired manager noted for his knack for wrangling budgets and weapons contracts, left government. It seemed as if he’d never serve in the top slot.
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EthiopiaSaudi Billionaire to Invest $100 Million in Ethiopian Farm
Al-Amoudi is increasingly investing in formerly government-owned farms in Ethiopia, a nation where companies under his Midroc group operate the only commercial gold mine and built the largest cement plant in 2011. Saudi Star’s $100 million investment will focus primarily on building irrigation infrastructure, including finishing the main canal from the more than 25-year-old Alwero Dam built by Soviet engineers, as well as a rice de-husking plant, storage silos and land clearing, according to Jemal.
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