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Latest Headlines:Here is latest headlines as scroll textThursday, May 17, 2012

Mubarak ‘getting cancer treatment in Saudi Arabia’

Hosni Mubarak resigned as Egyptian president on February 11

CAIRO (AFP) - Toppled Egyptian president Hosni Mubarak is receiving medical treatment for cancer in Saudi Arabia, according to a report in the state-owned Al-Akhbar newspaper on Wednesday.
"Mubarak is currently in a military base in the city of Tabuk and is receiving treatment for colon and pancreatic cancer," the report said, citing "informed sources."
"He is undergoing chemotherapy eve [...]

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Saudi Arabia ‘planning cabinet reshuffle’

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RIAYDH (AFP) - Saudi Arabia is to announce a major cabinet reshuffle soon as the four-year term for the current council of ministers has expired, an official told AFP on Wednesday.
The term of the cabinet formed on March 22, 2007 expired 21 days ago based on the lunar Islamic calendar followed in the conservative kingdom.
"The government's mandate has expired, but due to the king's absence, th [...]

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Saudi shares dive 6.8% on Mideast unrest fears

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RIYADH (AFP) - Saudi shares dived 6.8 percent to a 20-month low on Tuesday amid panic sell-off by investors concerned over unrest that has hit several Arab countries, traders and analysts said.
The Tadawul All-Shares Index (TASI) shed about 403 points to close at 5,538.72 points, the lowest level since mid-July 2009, with all the 145 listed companies ending the day in the red.
At one sta [...]

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Saudi activists call for major reforms

Saudi last week announced a boost in social benefits, aimed at youth, civil servants and the unemployed

RIYADH (AFP) - More than 100 Saudi academics, activists and businessmen have called for major reforms including the establishment of a "constitutional monarchy" in the conservative Gulf kingdom, in a statement posted Sunday on the Internet.
"We will submit these requests to King Abdullah at a later stage," said Khaled al-Dakhil, a political science professor at the King Saud University an [...]

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Saudi king’s largesse may not be enough: analysts

Saudi children celebrate as they greet the convoy transporting King Abdullah bin Abdul Aziz

DUBAI (AFP) - King Abdullah's largesse in boosting benefits to keep his people happy may prove inadequate to halt the impact on Saudis of rising demands by populations in other countries in the region for greater participation in power, analysts say.
"The measures taken this week are on the right track toward addressing economic desires of Saudi citizens," said John Sfakianakis, chief eco [...]

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US arrests Saudi bomb plotter

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WASHINGTON (AFP) - A Saudi man has been arrested for allegedly buying chemicals and equipment to make a bomb, possibly targeting the Dallas home of former president George W. Bush, officials said Thursday.
Khalid Ali-M Aldawsari, 20, a Saudi national who came to Texas on a student visa in 2008, was arrested late Wednesday and faces charges of attempted use of a weapon of mass destruction, [...]

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Saudi King heads home amid Arab unrest

King Abdulla has been described as "a pillar of stability" in the region

RIYADH, Saudi Arabia (AFP) - Saudi King Abdullah headed home on Wednesday from Morocco where he had been recuperating after surgery in the United States, returning to a Middle East rocked by anti-regime uprisings.
Streets and buildings in the capital, Riyadh, were decorated with national flags and large banners welcoming the 86-year-old monarch back to the oil-rich kingdom, whose neighbou [...]

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OPEC ready to meet any supply shortage: Saudi

Worldwide spare capacity is around six million bpd, Saudi Oil Minister Ali al-Naimi said Tuesday

RIYADH (AFP) - Saudi Oil Minister Ali al-Naimi said Tuesday OPEC is prepared to meet any shortage of supplies due to unrest in the Middle East and that its members have sufficient spare capacity to do so.
"There is absolutely no shortage of supply now... OPEC is ready to meet any shortage in supply when it happens," Naimi told a press conference at the end of a consumer-producer meeting t [...]

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Saudi says King Abdullah to return Wednesday

Saudi Arabia's King Abdullah has been recovering in Morocco after back surgery

RIYADH (AFP) - Saudi Arabia's King Abdullah will return home on Wednesday from Morocco where he has been recovering from a back operation, the royal palace said in a statement.
King Abdullah "will, God willing, arrive in Riyadh Wednesday afternoon ... following a successful treatment," said the statement carried by state news agency SPA.
An official told AFP on Tuesday that "the king is [...]

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Saudi Arabia says oil market needs no intervention

Main roads in Riyadh are decorated with national flags and portraits of King Abdullah bin Abdul Aziz

RIYADH (AFP) - The world oil market is sufficiently supplied and needs no "intervention," a top Saudi oil official said on Monday as the price of Brent crude soared above $105 on Libyan violence.
"The (oil) market is sufficiently supplied... and I don't think it needs any intervention," assistant oil minister Prince Abdul Aziz bin Salman told a news conference on the eve of a major produc [...]

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Facts & Stats

Country:Saudi Arabia

Population:

  • 29,207,277

Ethnic Groups:

  • Arab 90%
  • Afro-Asian 10%

Religions:

  • Muslim 100%

Languages:

  • Arabic

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