Saudi Arabia

Analysis: High stakes of Lebanon crisis

Friday, 9 May, 2008 @ 3:01 PM in Beirut By Roger Hardy Beirut- The more immediate causes of Lebanon's current - and apparently unending - political crisis go back to the war between Israel and the Lebanese ... via Ya Libnan

Madinah to Host International Knowledge Forum in June

"KEC will become a base for economic development and a cultural monument for the people and visitors of Madinah"

May 8. KAZINFORM. The Saudi Arabian General Investment Authority yesterday announced its plan to hold an annual international knowledge forum in Madinah on June 22-24. SAGIA Gov. via Kazinform

BAE tarnished by 'unethical conduct' claims

"What the company has now done, it has moved quite considerably to getting those standards. What we have said is it hasn't gone far enough, it has got further to go. "We've given it a road map to reach the gold standard."

A report into business practices at BAE Systems today said the firm admitted it previously failed to "pay sufficient attention" to ethical standards and avoid activities that had the potential to damage its ... via Yorkshire Post

Gasoline price at new record, diesel falls: EIA

By Tom Doggett

WASHINGTON (Reuters) - The U.S. average retail price for gasoline rose a penny over the last week to a new high of $3.61 a gallon, while the price of diesel fuel fell, the federal Energy Information Administration said on Monday.

The national price for regular, self-service gasoline is up 56 cents from a year ago because of expensive crude oil prices. U.S. crude on Monday hit a record $120.36 a barrel at the New York Mercantile Exchange.

The price of crude oil accounts for about 72 percent of the cost for making gasoline. Read more

Bush to Discuss Oil Prices on Trip to Saudi Arabia

"It's been a while in the making and it's going to be a while that we solve the problem"

White House Spokesman Scott Stanzel said he expected President Bush to make his concerns about fuel prices "very clear" to the Saudi rulers. via The Epoch Times

Northrop Grumman Expands Presence in Middle East With Opening of Saudi Arabia Office

"Saudi Arabia represents one of Northrop Grumman's largest potential growth markets for defence products and infrastructure security in the Middle East"

LONDON, May 5 /PRNewswire/ -- Northrop Grumman Corporation has announced that it is expanding its presence in the Middle East region with the opening of a new office in Riyadh, Saudi Arabia. via Earth Times

A first for Saudis: Mozart performed for both genders

"For half an hour, we did not quite know whether we had stumbled into an unknown Jiddah nightclub or whether it was some amazing mistake that would suddenly stop"

A mixed gender audience attends a performance of the German-based Artis Piano Quartet at a government-run cultural center in Riyadh, Saudi Arabia, Friday, May 2, 2008. via HendersonvilleNews.com

'King Faisal Stood Firm on Oil Embargo'

"King Faisal and other Arab leaders were forced to take the decision as a result of America's unprecedented support for Israel during the war"

The United States threatened to use force against Saudi Arabia in 1973 after King Faisal, along with other Arab leaders, imposed an oil embargo on countries that supported Israel during the October War, Prince ... via Peak Oil

Saudi sugar firm to boost production in Egypt refinery

"Right now, there is a (sugar production) gap in the Egyptian market estimated at more than 1.2 million tonnes"

RIYADH * Savola Group plans to increase its annual sugar refining capacity in Egypt by more than half to 1.15 million tonnes within two years to fill a gap in local production, the Saudi company said yesterday. via The Peninsula

Saudi Arabia set to launch $5 billion sovereign investment fund

Saudi Arabia is set to launch its first sovereign wealth fund with an initial capital base of 20 billion riyals , according to a media report Tuesday. via MarketWatch