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First Saudi Arabia's economy has been booming right along with its population in recent years. For example, between 2011 and 2013 economic growth ranged from between 3.6% and 8.6%. and 4.7% in the first quarter of 2014.
“They are letting us do a ton of signals work,” a U.S. official working the issue said, using military jargon for the interception of hostile communications. “They have not objected to just about anything on the surveillance side. The fights have been about manned aircraft coming in and out.” The dispute over flying the manned aircraft has been a source of considerable tensions behind the scenes since the U.S. campaign against ISIS began in August. But the outlines of that dispute spilled out into the open this week.
Are the Saudis trying to put the frackers in their place? Perhaps. But it’s more likely that the kingdom is focused, as it has been for the past decade or so, with bringing opposition within OPEC to heel. The Saudis are locked in a struggle with Iran for the control of the cartel, and the two countries now are playing a game of chicken over prices. Both said they intend to keep producing regardless of how far prices fall. Whose economy can hold out the longest? The Saudis are happy to take that bet.
The Saudi Ministry of Education plans to reward "outstanding educators" with luxury cars like BMWs, as well as large cash sums. Riyadh says the bonuses don't just apply to classroom teachers, but also to school heads and educational advisers. Top
A recent American survey revealed that only 5 percent of Saudis, or around half a million citizens, view the so-called Islamic State (IS) terror group favorably.
“We are deeply saddened and regret to confirm the death of one of our employees, and the injury to another in Riyadh, Saudi Arabia,” a statement from Vinnell Arabia said.
Corporate sentiment toward frontier markets has improved noticeably over the past three months, according to the latest WSJ Frontiers/FSG Frontier Markets Sentiment Index. Based on a sample of around 200 multinational companies, the index, created exclusively for WSJ Frontiers by Washington-based consultancy Frontier Strategy Group, suggests companies are sharpening their focus on key frontier countries such as Kenya, Saudi Arabia and Morocco.
A grand jury has brought new charges against the suspected ringleader of the September 2012 raid on a US diplomatic post in the Libyan city of Benghazi.
Egyptian seasonal Haj workers went on the rampage in the northwestern Red Sea city of Duba on Sunday by burning tires and forcing the closure of a major road in the area because of a dispute over salaries and delayed travel arrangements to go home.