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Saudi Arabia Warns Iran Over Lebanon ‘Coup’
Saudia Arabia has spoken out against Iran for its potential support of a "coup" in Lebanon, and called upon other Arab nations "to respect Lebanon's sovereignty and independence" and stay out of its affairs."RIYADH, May 13: Saudi Foreign Minister Prince Saud al-Faisal warned... Makkah, Madinah to get Islamic heritage, Qur`an museum
"Jeddah (ANTARA News) - Prince Sultan bin Salman, Secretary-General of the Supreme Commission for Tourism (SCT), has announced recently plans to establish an Islamic heritage museum in Makkah and a Qur`an museum in Madinah. He said the two museums would be established in... Islamic bloc backs Kosovo independence
Riyadh (ANTARA News) - The 57-member Organisation of the Islamic Conference on Monday said it supports the independence of Kosovo, whose Albanian ethnic majority are mostly Muslim."The Islamic umma (nation) wishes... Saudi Arabia eases rules for women in hotels, paper
Riyadh (ANTARA News) - Saudi authorities, breaking with religious codes that require women to be accompanied by a male guardian, have decided to allow women to stay in hotels on their own, a newspaper reported on Monday. A royal decree allowed the Ministry of Commerce and...Saudi plans monorail for Muslim holy places: report
Riyadh (ANTARA News) - Saudi Arabia is planning a five billion dollar monorail network to transport millions of pilgrims around the Muslim holy sites during the annual hajj pilgrimage, a Saudi daily reported on Monday. The oil-rich desert kingdom is to carry out a feasibility...Dollar at increased risk of losing status as a reserve currency
"Venezuela's Communist leader Hugo Chavez and Iran's Mahmoud Ahmadinejad, speaking at the Organization of Petroleum Exporting Countries (OPEC) summit in Riyadh, said they no longer want be paid in U.S. dollars for their petroleum, but in euros.The outspoken US political...Saudi announces US$300 mln fund for climate change studies
Riyadh (ANTARA News) - Saudi Arabia has contributed $300 million toward a fund to establish an international program for scientific research into energy, the environment and climate change. Custodian of the Two Holy Mosques King Abdullah bin Abdul Aziz announced the...VP: Switch from dollar to euro in oil transactions must be discussed first
"Vice President M Jusuf Kalla said Indonesia agreed to Iran`s proposal that oil transactions would be carried out in the euro or in any other currency, and no longer in the US dollar, but further discussions on the...Third OPEC summit winds up
"The 3rd Summit of the Organization of Petroleum Exporting Countries (OPEC) was concluded on Sunday afternoon with the issuance of a declaration on "Challenge of Globalization and Dynamic Global Energy Market...Preparation for hajj pilgrimage completed, VP says
"Organizing hajj pilgrimage is actually an ordinary activity which has taken place for the past ten years, the vice president said, adding that however, the Indonesian government`s portion in organizing hajj...Indonesia proposes OPEC oil fund for forests
"Indonesia proposed on Sunday that OPEC oil exporting nations contribute 50 US cents from every barrel of oil sold in to a special environmental fund to protect forests.Addressing fellow leaders from the Organisation... "Kill the Cable!" The Ultimate Oil Leak
A closed-door OPEC meeting wasn't quite as closed as some may have liked. ""Kill the cable, kill the cable," shouted the security guard as he burst through the double doors into the media room at the Intercontinental Hotel in Riyadh, followed by Saudi police. It was too... Indonesia proposes formation of OPEC Fund, Jusuf Kalla says
"Kalla explained that in the third OPEC Summit this time, Indonesia would simultaneously propose a regulation on the balance between oil exporting countries and oil consuming countries, oil for forest, and oil for...Bird flu detected in Saudi Arabia
"The ministry said tests were carried out after 1,500 birds died in the farm, which had a total of 50,000 birds. The ministry learned of the deaths on Monday. "All of the birds at the farm were subsequently culled and the area disinfected, with measures taken to ensure other...Oil prices to remain high until 2015: former OPEC chief
""It is difficult to predict how long oil prices will remain high. But investment made (in the oil sector) in 2003 or 2004 will probably start paying off and have a stabilizing effect on oil prices in 2015," former mining minister and OPEC secretary general Soebroto said in...
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