“Comfort Zone” Inflation?

When Saudi Minister of Petroleum and Natural Resources, Ali Al Naimi, said last week that oil price’s “comfort range” was $70-$90, it was a departure from the previously established range by the minister of $70-$80. It caused the price of oil to jump and speculators to buy up oil in the hopes that it would soon […]

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Recently Appointed Jeddah Mayor and JCCI Dedicated to New Bridge Work, Tourism Goals

The Recently Appointed Mayor of Jeddah, His Excellency Dr. Hani Abu Ras, “is gathering government procurement, engineering and planning personnel to meet with the world’s foremost bridge construction companies in his city to help them hammer out partnerships required for the development of the sorely required new bridges and the urgent maintenance of existing ones,” according to […]

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Ambassador Smith: A New “Dynamism” Evident in US-Saudi Business Relationship

US Ambassador to Saudi Arabia James Smith highlighted the “upswing” in the US-Saudi Business relationship in recent years and especially in 2010 in his speech to the National Council on US-Arab Relations’ Policymakers conference today in Washington. The American business community in Saudi Arabia is showing a “new dynamism,” the Ambassador remarked, “and we are […]

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