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Saudi Arabia’s economic indicators last July point toward a sustained developmental growth in the Kingdom, Jadwa Investment said in its Saudi Chartbook for this month. It said the economic data for July was strong with the non-oil PMI expanding at the fastest rate since September 2012. Consumer spending also remained robust.
“There’s a lot of quite interesting countries within the MENA, and one place we would like to get much bigger in is Saudi Arabia. That’s an obvious one for us – since it is biggest economy in the region. We have a large branch there, with 250 people, and we are the only UAE bank that has a fully-fledged branch in Saudi Arabia,” he said.
It is not yet clear that ISIS will endure as a menace. Fast-moving extremist conquerors sometimes have trouble holding their ground. ISIS has promised to govern as effectively as it intimidates, but its talent lies in extortion and ethnic cleansing, not in sanitation and job creation. It is vulnerable to revolt from within.
More than 11,000 people have traveled from abroad to fight in Syria, officials suggest, although some have gone back home again. They ally themselves with different factions, and sometimes change loyalties as groups merge, disband or change allegiances. Naturally, countries with bigger Muslim populations tend to send the largest number of fighters.
Thirty-two Philippine peacekeepers trapped by rebels in the Syrian Golan Heights have been rescued, the UN says. A UN spokesperson said the "situation on the ground is calm but tense", without providing further details.
The Pentagon is preparing to open a drone base in one of the remotest places on Earth: an ancient caravan crossroads in the middle of the Sahara.
Eyewitnesses told Al-Hayat that the victim named Peter Haworth was in one of the malls with his wife when several members of the religious police started pursuing him till the cashier’s counter, which was manned by a Saudi woman.
American intelligence and law enforcement agencies have identified nearly a dozen Americans who have traveled to Syria to fight for the Islamic State in Iraq and Syria, the militant group that the Obama administration says poses the greatest threat to the United States since Al Qaeda before the Sept. 11, 2001, attacks.
What the Al Saud dynasty most wants in both countries is a stable government with strong Sunni representation that could act as a bulwark both against what they see as Iranian expansionism and a Sunni militant ideology that threatens their own rule.
Rebels aided by al Qaeda-linked militants seized control of the only border crossing between Syria and the Israeli-occupied Golan Heights on Wednesday. The capture of the Quneitra crossing by Syrian rebels, including members of the al Qaeda-linked al-Nusra Front, represents a new dynamic in a war long feared not only for its deadly effects inside Syria but for threatening to widen into a destabilizing regional conflict.
