Archive for the ‘Saudi Economy’ category

Global Warming Myth! Threat Of Losing Power?

January 25th, 2010

Global Warming?

On the recent years, the Global Warming has grabbed so much attention by the international media and governments communities excluding our media (their usual controversial concern is whether women in Saudi should drive or not?!).

Reuters has published an article on Sun Jan 24, 2010 about the United Nations climate talks which creates a big threat to Saudi Arabia as the agency indicates.

“It’s one of the biggest threats that we are facing,” said Muhammed al-Sabban, head of the Saudi delegation to U.N. talks on climate change and a senior economic adviser to the Saudi oil ministry.

It looks like the West-driven talks is trying to limit the demand of oil consumption since it gives the exporters more power and cash flow which can impact their control and power over the global economy. On the year of 2008, the oil prices had reached a new historical record by hitting over USD145 bpd.

Suddenly, the rise of attention to the Global » Read more: Global Warming Myth! Threat Of Losing Power?

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How STC makes profits!

January 13th, 2010

STC sucks your blood out!

2 years ago, I ordered a DSL line to enjoy using internet on my home. Pending on the waiting list for weeks then the mercy has came and received a call by STC to arrange the time to install and setup the service.

Eventually, the service is ready now so I started enjoying the internet for exactly three months with some minimal interruption but suddenly the situation has changed.

Two weeks of service interruption and frustration made me called the customers service free toll number to complain about this matter. As usual, the CS employee had advised that the service is up and running and STC is one of the greatest on the telecommunication regime on human kind history as their slogan indicates (Easier Life)!!. No wonder, we are considered as a third world country.

I gave up on that matter and surrendered to the interruptions. I even started reading about NLP to rehabilitate » Read more: How STC makes profits!

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Saudi Banks Slience! Transparency Issue?

December 9th, 2009
Ma'an Al-Sana'a

Ma'an Al-Sana'a

Over six months ago, several creditors (banks) around the world announced their exposure to SAAD group especially to the SICL the financial unit of that group registered on Cayman Islands somewhere on the Caribbean owned by Saudi Billionaire Ma’an Al-San’a. Yet, he dragged his in laws (his wife’s family) al-Gosaibi group into a dirty sum of loans.

Day after day passes by and the Saudi officials at SAMA are denying to comments anything toward this problem.

Besides, All banks in Saudi have not announce or comment any exposure relating to the total debt amounts that are claiming these two family groups. The rumors and turmoil continued increasingly between the investors since SAMA did not want to speak and inform these people about what is exactly going on! Suddenly, SAMA has freeze down all SAAD group assets in Saudi and few » Read more: Saudi Banks Slience! Transparency Issue?

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Saudi Bank HQs in KAFD (Riyadh)

November 25th, 2009
SAMBAHO3

Samba Top View?

Designed for a leading banking institution located in the heart of the King Abdullah Financial District this new build embraces new ways of working.

The design is born out of a deep understanding of the principles of Islamic mathematics and is respectful of the geometric ideals that underpin the traditional structures of the region. Simply put, the bank is about numbers, Islamic geometry is about numbers; so is the building. The shape of the building is derived from a nested and repeated fractal form within an overall Islamic pattern. By following mathematical rigor to create an interlocking and infinite geometric pattern the design creates a balanced and harmonious » Read more: Saudi Bank HQs in KAFD (Riyadh)

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Petrochemical Products

January 4th, 2009
PtroChem

PtroChem

Petrochemical is the oil derivatives where it gets involved in creation of many products that we use in our daily lives.

I’ve been looking into resources in Arabic talks about these kinds of industries but unfortunately I was not able to.

However, I’ve looked for some resources in English and I found some interesting websites talk about the Petrochemical while I’m very interested to know what can be made out of the Oil in » Read more: Petrochemical Products

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