Word: saudi
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...other important and relatively new economic concern for the summer is oil prices. OPEC has not been clear about what it will do with supply. The Saudi's have spoken out for keeping it unchanged and because of the size of their output they usually rule the day. Speculators still seem prepared to trade crude above $60 on most days. A fair number of analysts see oil moving to $70 or $75 by Labor Day. The cost of a barrel of crude will move up if there is strong evidence that the demand in China is growing. Ironically if there...
Fifth, during the boom years, Saudi Arabia invested more than $70 billion in expanding its oil production capacity to 12.5 million barrels per day, not only to secure its future but also to address global supply imbalances...
...sure, the two stock market slumps in 2006 and 2008 created negative wealth effects. High-net-worth businessmen have been hit by the current global financial crisis. But there is no doubt that the macroeconomic picture is solid and healthy. Over the next five years Saudi Arabia has outlined a $400 billion spending program. In a decade or thereabouts, Saudi Arabia will become a $1 trillion economy and will be better placed than the rest in the region to capitalize on its knowledge and strengths. During the boom years, some critics said Saudi Arabia should become more like Dubai...
John Sfakianakis is chief economist of the Saudi British Bank (SABB...
...Saudi citizen, I strongly disagree with Liz Cheney that Deputy Minister for Women's Education Norah al-Faiz will face obstacles because she "can't, for example, work face to face with male counterparts without violating the kingdom's strict religious code." I believe in the female right of privacy. Most Saudi women feel that way as well. We have separate campuses at the university for men and women. Giving women their own places to work and compete is better than their being second-class employees, as in some Western countries. Saleh Almuzaini, RIYADH...