Mustafa Souag, the head of the news department at the Arabic language station of Al Jazeera said this past Monday, “We knew something was coming. Our main objective was to provide the most accurate and comprehensive coverage that we could by sending cameras and reporters to any place there is an event. And if you… Continue Reading
Category Archives: Saudi Arabia
Fitch Expects Gulf Country Banks To Lose Less in 2011
Since the international credit crisis is winding down, Arab Banks located in the Persian Gulf area will probably lose less money in loans and investments. “Lower impairment charges and cost control should lead to a gradual improvement in profitability, but revenue growth will be more difficult to achieve,” Fitch ratings agency maintained. “Loan growth has… Continue Reading
Japan Prepares To Build Middle Eastern Nuclear Power Plants
Japan is working hard to beat out China and Korea in bids to build civilian nuclear power plants in the Middle East. Tokyo is supporting Japanese firms to get contracts in the Middle East. The Japanese expect many nuclear power plants to be built due to increased electric demand because of population growth. The first… Continue Reading
Al-Qa’ida Operative Dressed as Woman Opens Fire on Saudi Police
A shoot-out in Saudi Arabia left one suspected Al-Qa’ida operative dead while a second was taken into custody. The shooting took place at a checkpoint in central Saudi Arabia on Saturday when a couple, which appeared to be a man and a woman but were revealed later to be both men, began to shoot at… Continue Reading
Meeting To Spur Inter-GCC Investment
In order to spur investment and trade among the Gulf Cooperation Council (GCC) Countries, the heads of state of Gulf oil producers have decided to end restrictions on local company operations. This is part of the development of a common market. The leaders of the six-nation GCC countries agreed upon plans to allow national companies… Continue Reading
Clinton Accuses Saudis Of Funding Terror According To Wikileaks Memo
In one more bit of information from the seemingly endless storehouse of Wikileaks documents, it has been revealed that in 2009 Hilary Clinton, the U.S. Secretary of State, accused Saudi Arabia as being the main funding source for terrorists. In the memo released on the Wikileaks website Clinton is quoted as saying, “Donors in Saudi… Continue Reading
WikiLeaks Sheds New Light on Arab Views on Iran
Among the tens of thousands of documents released by WikiLeaks saying all kinds of good and bad things about world leaders, there seems to be one leader which almost everyone seems to agree about: that is of course the leader of Iran, President Mahmoud Ahmadinejad. The documents point to a great fear and distrust of… Continue Reading