News-Saudi Arabia-2013-04-22

Published: April 22, 2013

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ARABIALINK Daily News – Excerpts from International Media Reports
/Provided as a service from the Saudi-US Trade Group, Washington, DC

 

Saudi Arabia replaces deputy defense minister ahead of US visit

Washington Post/AP | 4.22.13

Saudi Arabia replaces deputy defense minister ahead of US visitThe Saudi monarch has appointed a retired army general as the kingdom’s new deputy defense minister in a shakeup just days before a visit by U.S. Defense Secretary Chuck Hagel.

The BP View of the Future

Oil Drum | 4.22.13

The BP View of the FutureOne of the drivers that BP see in the fall in oil demand comes from its continued high price. This has already significantly lowered the use of oil as a power generating fuel, and the continued high price will drive the move to vehicles of … Continue Reading

Expats in cover-up businesses caused 10% dent in Saudi GDP – study

Arab News | Nadim Al-Hamid | 4.22.13

Legal expats involved in cover-up operations remitted SR 635.7 billion to their countries between 1992 and 2002, causing a 10-percent dent in the Kingdom’s GDP, an academician said on Sunday.In his work paper presented at the first session of … Continue Reading

Testimony Wraps Up in Civil Liability Trial for Gulf Disaster

Wall Street Journal | Tom Fowler | 4.22.13

The trial was short on fireworks as much of the evidence had been first revealed during earlier hearings before the U.S. Coast Guard and U.S. regulators in 2010 and 2011. And since the case was heard by a judge, not a jury, lawyers were less … Continue Reading

Iran Curbs Spark Trade Shift

Wall Street Journal | Jay Soloman | 4.21.2013

Iran is accelerating its efforts to buoy its non-oil trade and to find new markets in Asia, Africa and the Middle East as it struggles for economic survival amid an intensifying U.S. financial war on Tehran and its allies, the country’s chief … Continue Reading

BRICS Without Mortar

Project Syndicate | Joseph Nye | 4.22.13

BRICS Without MortarThat lack of unity is symptomatic of the BRICS members’ underlying incompatibilities. In political terms, China, India, and Russia are vying with each other for power in Asia. And, in economic terms, Brazil, India, and South Africa are concerned … Continue Reading

 

 

Provided as a service from the Saudi-US Trade Group, Washington, DC