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While the international media’s attention has focused on the attack’s implications for the global effort to contain IS and other Al Qaeda offshoots, its more immediate impact has been on the social fabric of Saudi Arabia. A widespread backlash against the attack among the general Saudi public, accompanied by an outpouring of support for the Shia victims, has been reciprocated by calls for unity from Shia community leaders. Just as importantly, the measures the Saudi government has taken and the narrative it and its religious leadership have adopted, seem to have further reinforced the idea that a “united front” against terrorism encompassing all Saudis, was indeed emerging.
"It's kind of a middle-of-the-road statement. Unless they do something, this huge amount of oil on the world market is not going to change," said McGillian. "As far as the price war goes, I always thought their intention on not defending the price level was that they wanted to weaken some of the marginal producers. The problem is the marginal producers are other members of the cartel."
A UAE-based Indian billionaire will make investments worth SR1 billion in healthcare and pharmaceutical manufacturing sector in the new Jazan industrial city.
A royal decree "decided to relieve Emir Jalwi bin Abdulaziz bin Musaid al-Saud" from his post and transfer him to Najran region bordering Yemen, the Saudi Press Agency reported without further explanation.
“We’ve not seen a turning point like this in decades,” Mike Wittner, Societe Generale’s head of oil market research in New York, said by phone yesterday. “Is OPEC going to abdicate its role in the market? If the Saudis do exactly what they’re signaling, and just let the market take care of the overproduction, then it could certainly become irrelevant.”
The recording is sensational, in part, because the man shot by the Israeli police is an Israeli citizen who happens to be a Muslim and Arab. Arabs account for more than 20 percent of the population of the Jewish state of Israel. Although they are guaranteed full rights, some complain that they are treated as second-class citizens, while many Jewish citizens view their Arab counterparts with suspicion. (Arab citizens, for example, do not have to serve in the Israeli army. Then again, neither do ultra-Orthodox Jews.)
Saudi Arabia's National Commercial Bank IPO-NACO.SE 1180.SE will make its Riyadh bourse debut on Wednesday, a statement from the exchange said, having completed a $6 billion initial share sale last week.
According to recent reports, 72.4 percent of Saudis over the age of 40 suffer from obesity, and 35.6 percent of the general population. Over 44 percent of women are obese, 26.4 percent of men, and 18 percent of children. A recent study revealed that a whopping SR500 million a year is spent in the Kingdom on treating people suffering from illnesses related to obesity, especially diabetes. The disease has increased 30 percent over the past 10 years.
Last week, the winds of change blew with a vengeance in Saudi Arabia, when armed terrorists opened fire on visitors to a Shi’ite Husseiniyah (meeting house) in the Al-Ahsa province, killing eight people, among them three children. True, this is not the first time Saudi Arabia has witnessed a crime of this nature, where innocent civilians and children have lost their lives. In fact, it has seen even worse. But it is the first time such terrorist acts have played on the country’s dissonant sectarian chord in such an ugly and dangerous way, in an attempt to fan the flames of sedition and strife between its people. It is also the first time Saudi Arabia’s Grand Mufti, and its entire Council of Religious Scholars, have come out in defense of Saudi Shi’ites in this way, and they were joined by all groups in society—unequivocally and without pretense.
Security forces have arrested 33 Saudi terror suspects related to the terrorist operation in Al-Ahsa governorate in which five people were killed and nine others were injured, security spokesman of the Ministry of Interior Maj. Gen. Mansour Al-Turki said.
