Search Results for: Saudi Arabian

DESPITE the killing of Osama bin Laden in Pakistan last May, Al Qaeda and its affiliated groups remain a global money laundering and terrorist financing concern. Yet a decade on from the September 11 attacks, counterterrorism specialists say there has been too much focus on Al Qaeda itself (it means The Base in Arabic) but not enough on associated and other militant groups that pose significant threats.…

BY PAUL COCHRANE, IN BEIRUT

BACK in the noughties, the Gulf was one of the fastest growing regions for paint companies, thriving on an unprecedented construction boom. But then the financial crisis hit in late 2008, ending years of double-digit growth for paint manufacturers in Gulf countries.…

BY PAUL COCHRANE, IN ABU DHABI

IT sounds completely bizarre, given their dominant role as global energy players, but the countries of the Gulf Cooperation Council (GCC) are facing a chronic energy shortage, with domestic demand growing by an estimated 8.5% and investment in power systems failing to keep pace.…

BY PAUL COCHRANE, IN BEIRUT

THE SYRIAN economy is in bad shape: sanctions have been slapped on the country by the United States and the European Union (EU), and the uprisings that began in March last year continue unabated. But while one of Syria’s main revenue earners – fossil fuel oil – has been affected by instability and international sanctions, its olive oil sector has had its best year ever harvest, estimated at 200,000 tonnes.…

By Paul Cochrane, in Beirut

Saudi Arabia’s failure to secure a wide-ranging atomic energy treaty with the USA, continues to push the oil-rich country into the arms of other nuclear suiters, experts on the kingdom have argued. The Saudi's plan is to invest USD112 billion over the next 20 years to build 16 nuclear power plants (NPPs) to offset rising domestic energy demand and retain its position as a leading hydrocarbons exporter.

A memorandum of understanding on nuclear energy was signed with the US in 2008, but the two countries have yet to sign Section 123 of the US Atomic Energy Act, essentially a prerequisite for nuclear cooperation between the US and other nations.…

BY PAUL COCHRANE

UPRISINGS in the Middle East and North Africa (MENA) this year have hit demand for printers in Lebanon, which has long been the printing hub of the region. Lebanese printers canvassed privately for Print Week MEA report that the upheavals have seen demand from Egypt and Syria decline, while transportation has been marginally affected from Lebanon due to the situation in neighbouring Syria.…

BY MATTHEW BRACE

AUSTRALIA is fast developing into a global force for natural gas, cementing its reputation as a source of valuable materials, such as iron ore, coal, gold, silver, uranium, aluminium, nickel, lead and zinc. In 2010, Australia became the fourth largest exporter of liquefied natural gas (LNG) gas – trading 18.38 million tonnes (Mt) in total – according to BP’s Statistical Review of World Energy 2011.…

BY ROBERT STOKES

NATIONALISM and the energy industry have made uneasy bedfellows throughout history, yet Scotland is attracting substantial international investment in renewables despite having, since May and for the first time, a majority government committed to winning independence from the UK.…

BY GEMMA HANDY

Endemic corruption in a British overseas territory, compounded by claims of bribery and fraud, saw its constitution suspended and it returned to direct UK rule.

The Turks & Caicos Islands are now being prepared for a return for responsible government, but are sufficient checks and balances in place to prevent a backslide to commercial crime?…

BY PAUL COCHRANE

TURKEY is the fifth largest importer of oils and oilseeds in the world, with demand being driven by its burgeoning economy, sizable food export industry, and a population of 74.8 million people. But while its demand for vegetable oils is outstripping local production, in olive oil production the country has set its sights on rising up the global rankings from its current fifth place to become the second largest producer.…