Facts, News, Trends, Analysis
According to the NYT Dec 26, 2008, “The Piracy Reporting Center in Kuala Lumpur, Malaysia, said Friday that 110 ships have been attacked in the gulf [of Aden] this year, and 42 have been hijacked. Fourteen ships are still being held for ransom.” This is part of the reason that China is sending warships to [...]
On Saturday in the Kingdom of Saudi Arabia, a 150-men council met to discuss important issues such as water, real estate investment, adoption of international agreement on oil pollution, infrastructure development, and employment issues. The council heard from the Water and Electricity Minister, among other officials of the Saudi bureaucracy.
Replace ‘the Kingdom of Saudi Arabia’ [...]
Today, Bill Clinton, in an unprecedented move, disclosed the names of donors to the Clinton Foundation. The move was meant to give transparency to the foundation as Hillary awaits confirmation for her appointment as the Secretary of State.
Among the most controversial donors are the government of Saudi Arabia, Kuwait, Qatar, Brunei and Oman. The pundits [...]
Early Monday morning, December 15, more than 220 Palestinian prisoners freed by Israeli authorities arrived in the West Bank. They were greeted by a crowd that seemed to be overjoyed with the release, a move that Israel has termed a gesture of goodwill towards Mahmoud Abbas, President of the Palestinian Authority. However, comments made by [...]
Palestinian president Mahmoud Abbas has garnered little support for his rumored plan to extend his term in office by an additional year. A recent poll conducted by the Palestinian Centre for Policy and Survey Research indicates that almost two-thirds of Palestinians believe that Abbas’s term should end in January, rather than be extended without new [...]
The central bank of Saudi Arabia reduced key policy rates by 50 basis points to help boost banking sector liquidity.
Charging or paying interest is forbidden by the Sharia, which, technically, should be the law that governs the Kingdom.
Saudi Arabia is feeling the effects of the international financial crisis. One of the country’s flagship development projects, [...]
The Human Rights Commission, a government group, issued a statement outlining their commitment to improving human rights conditions in Saudi Arabia.
Some of the progress includes a multi-faith dialogue recently held in New York, sponsored by King Abdullah.
One of the most significant involvements of HRC is perhaps its intervention in court cases that are relevant to [...]
If historical evidence is anything to go by, the former appears to be the case. In an effort to curb falling oil prices, which could have damaging effects on some of the petro-dollar-reliant economies, OPEC has announced production cuts since crude fell from a $150/barrel high (now at $40/barrel). However, the effectiveness has obviously not [...]
For the fifth time this month, the Israeli military has allowed humanitarian aid into the Gaza Strip, temporarily permitting international officials to travel through the blockade it has in place. Though Hamas controls Gaza, the United Nations has urged Israeli Prime Minister Ehud Olmert to allow aid to be dispersed to hundreds of thousands of [...]
Not until recently when US banks begin to topple left and right did the activities of so-called Sovereign Wealth Funds begin to occupy the headlines. Indeed, very little has been heard about what the Gulf Oil States do with their sizable petro income.
What’s for sure is that the billions of dollars are not stuffed under [...]
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