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Water ConservationSaudi’s NWC says $693m saved by plugging water leaks
The company said the savings were made possible by the NWC's application of radar technology, audio devices and the use of helium to monitor leakage for the first time in the Middle East.
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Saudi Arabian AirlinesPlaying by the numbers: Saudi Arabian Airlines
“For sure, the Kingdom’s aviation industry is an awakening Middle East giant and it is important not to underestimate it,” he says. “Overall, Saudia is the third largest carrier in the Middle East behind Emirates and Qatar Airways, and one of the few airlines in the region that has an extensive domestic market. “As part of its privatisation process, there are plans to expand its fleet to meet pent-up demand in the kingdom, and the Saudi national carrier is being upgraded. Clearly Saudia will continue to implement its plan in a very discreet manner, without marketing presence worldwide, with its vision to serve the country’s indigenous population first. The rebuilding of its fleet is also rebuilding the carrier’s market share, particularly in the Middle East – Africa regional market.
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MENA StartupsWhat do investors in the MENA want from startups?
While most of the funders surveyed currently have a presence in either Jordan, the UAE, or Lebanon, 83% plan to expand and increase their activity in the next two years, and most of them are seeking to become more involved in Saudi Arabia and the UAE. While challenges in obtaining investment differ from one market to the other, there are some similarities across the region. Thirty-six percent of entrepreneurs surveyed said that the supply of venture funding in their countries was small, and 24% thought that investors are not offering enough value beyond cash.
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Egypt-GazaEgypt demolishes Sinai homes for Gaza border buffer
Egypt has begun demolishing homes along its border with the Gaza Strip as part of a planned 500m buffer zone that is intended to prevent weapons smuggling.
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AfghanistanThe Capabilities of the Afghan Military Are Suddenly a Secret
For years, American taxpayers have been able to chart how well the Afghanistan security forces they’re funding are faring, because “capability assessments” detailing their progress have been routinely released. MORE Hagel Orders 21-Day Ebola Quarantine for Returning U.S. Troops What the Failure of ISIS to Take Kobani Means Apple CEO Tim Cook: 'I'm Proud to Be Gay' NBC News Brrrrr-ace Yourself: Arctic Blast Set to Chill Millions NBC News Did Race Play a Role in Sayreville Hazing Case? NBC News Not anymore. POPULAR AMONG SUBSCRIBERS The War on Teacher Tenure Subscribe 12 Answers to Ebola’s Hard Questions Why Kobani Matters As the U.S. military prepares to withdraw most of its 34,000 troops still in Afghanistan by the end of this year, the American-led command there has suddenly made such information secret.
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Iraqi KurdistanU.S. says working with Iraqi Kurdistan to stop Islamic State oil smuggling
The United States is working closely with the Iraqi Kurdistan Regional Government to clamp down on oil smuggling in a bid to cut off a key source of funding for Islamic State, a senior U.S. official said on Thursday. Islamic State militants have seized oilfields and refineries in north Iraq and have been exporting oil through smuggling networks to help finance their campaign, along with ransom, extortion and other criminal activities.
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Riyadh MetroSaudi capital’s $22.5 billion metro a ‘race against time’
Abdullah Allohaidan told AFP in an interview that the rail and bus development - whose construction is changing the face of Riyadh - is the largest such project under way in the Middle East "and I think in the whole world." Construction began a year ago but has accelerated in the last few weeks, with road closures, digging equipment and hard-hatted workers taking over the city's business core, to the frustration of drivers facing detours and lane-closures. "I think the biggest challenge we are facing is the duration of the project," said Allohaidan, assistant to the metro director. Plans call for construction to be completed by the end of 2018.
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U.S.-Turkey RelationsFor Turkey and U.S., at odds over Syria, a 60-year alliance shows signs of crumbling
The increasingly hostile divergence of views between Turkey and the United States over Syria is testing the durability of their 60-year alliance, to the point where some are starting to question whether the two countries still can be considered allies at all. Turkey’s refusal to allow the United States to use its bases to launch attacks against the Islamic State, quarrels over how to manage the battle raging in the Syrian border town of Kobane and the harsh tone of the anti-American rhetoric used by top Turkish officials to denounce U.S. policy have served to illuminate the vast gulf that divides the two nations as they scramble to address the menace posed by the extremists.
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Economic PolicyNo restrictions on foreign investment licenses in Saudi Arabia: SAGIA
Director of Information and Communication at the Saudi Arabian General Investment Authority (SAGIA) denied that Riyadh intends to limit the number of licenses issued under the system of foreign investment. In comments to the state-owned Saudi Press Agency (SPA), SAGIA Communications Director Nasser Al-Tawayan said that reports that Saudi Arabia aims to limit the number of foreign investment licenses to just 100 per year were “baseless and untrue.” “It is not logical for SAGIA to adopt such a trend since it is incompatible with the basic principles underlying the economic policy of the Kingdom of Saudi Arabia which is based on openness, flexibility and the application of the concept of the free market in general,” he said.
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Saudi-IndiaSaudi Arabia an ‘important pillar of India’s energy security’
Answering questions from Saudi Gazette, Dharmendra Pradhan, Indian minister of state for petroleum and natural gas, who arrived in Riyadh on Monday for a three-day official visit for the second round of Saudi Arabia, India Energy Consultations, said the Kingdom is an important pillar of India’s energy security.
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