Global News Journal

Escaping Saudi Arabia

September 2, 2008

One of the oddest, and yet most understandable, features of
Saudi society is the need that many of its citizens have to
escape themselves. For the clerics who are given massive
influence in the running of society beyond the key
decision-making areas of government — the preserve of the Saudi
royal family — Saudi Arabia is no less than their own private
Utopia. They are given free rein by the ruling family to
administer their version of Islamic sharia law through the
courts, the education system and the mosques. They even have a
police force all of their own in the form of the notorious
Committee for the Promotion of Virtue and Prevention of Vice.
 

The Trials of the Turkish Jihadi

July 24, 2008

   “(It) is a very sensitive topic, so sensitive it can break many people’s hearts, and so delicate it can destroy many Mujahideens’ dreams.”

Iraq: was it all about the oil?

June 30, 2008

iraq-oil-minister-2.jpgFive years after the U.S.-led invasion to topple Saddam Hussein, Iraq is throwing open its oil sector to foreign oil firms  in a way Saudi Arabia, Kuwait and others in the region are reluctant to. Oil Minister Hussain al-Shahristani says no company will have any special privilege.

Enter the new farmers

June 25, 2008

Wheat field in RomaniaWhat’s with farming these days? The humble, even if slightly romantic vocation, is attracting a new breed of participants as investing in farmland and agriculture becomes the latest fad in the world of investments.
 
With financial markets in tumoil and commodity prices at record highs, traditional financial players such as investment banks and hedge funds, and even sovereign wealth funds of cash-rich emerging economies are increasingly looking at farm land as the next major investment avenue.

Trying to deconstruct Chinese oil policy

June 20, 2008

china-fuel.jpgChina’s surprise decision late on Thursday to slash subsidies on fuel prices has been welcomed as a sign that Beijing is intent on reducing the pace of oil demand growth in the world’s second biggest energy consumer.