Somali pirates demand $25m ransom for supertanker

Somali pirates have demanded a $25 million ransome for the Saudi oil tanker which they hijacked earlier this week.Yesterday Saudi Arabia's foreign minister confirmed that the ship's owners are in talks with the...

Saudi women drive down memory lane

"Riyadh: In an ornate living room, a group of women gathered around coffee and date cakes to celebrate the afternoon 18 years ago when they got into cars and drove the streets of Riyadh, a stunning defiance of Saudi Arabia's ban on female driving. They have only one regret:...

Pakistan incurred $34.5 bn losses in war against terror: FM

"NEW YORK: Pakistan suffered huge losses, amounting to US $34.5 billion, since 2001 for its role in the war against terror and wants regional ownership of the crisis in a bid to bring peace and stability to the troubled region, Foreign Minister Shah Mahmood Qureshi said...

2.5pc Pakistanis live abroad, mostly in Gulf

"An estimated four million Pakistani migrant workers live around the world, which corresponds to around 2.5 per cent of total population of the country, legislators here have been told. Of the four million, an estimated 94 per cent population of Pakistani migrant workers is...

Update: Islamic Financing video, Saudi stocks tank on oil's fall, recession f...

10% down, Dubai stock market double hit by low oil price and world crisis, no safe haven in the Arab world, the many skyscrapers are not Innovators, they produce no added value, just cost money for Air condition. ...

OPEC Cuts Oil Production Amid falling Oil Prices

OPEC has agreed to cut production due to rapidly falling oil prices.  Airlines and other Oil dependent companies rushed to buy call options to lock in the current prices.  A call option means buyers can...

Saudi man beheaded for beating wife to death

2 convicted murderers were beheaded by the sword on Tuesday in Saudi Arabia. One of the accused Omar Bin Abid Wakdani beated his wife to death following a family argument. 2nd execution was carried out in Qurait, in the northeast of the kingdom, where Fawzi bin Abd...

Karzai's brother 'met ex-Taleban'

After the New York Times alleged that brother of afghanistan President Hamid Karzai is involved in opium trading, now this new revelation will even make him more embarrassed. President's brother is accused of having met the Taliban representative. "The Afghan president's...

Source: Saudi hosts Afghan peace talks with Taliban reps

Oh that will really do a lot of good. It's like catching Bin Laden and Bush planning further attacks on America."LONDON, England (CNN) -- In a groundbreaking meeting, King Abdullah of Saudi Arabia recently hosted talks between the Afghan government and the Taliban militant...

Saudi cleric favours one-eye veil for women

"A Muslim cleric in Saudi Arabia has called on women to wear a full veil, or niqab, that reveals only one eye. Sheikh Muhammad al-Habadan said showing both eyes encouraged women to use eye make-up to look seductive. "

UAE, Gulf stocks set for a massive rebound! « Peter J. Cooper’s Weblog

"Stock markets in the GCC are set for a massive rebound on Sunday - with the Saudi Arabian bourse leading the way today as the only one trading on a Saturday. "

Gas Prices Jumps up to 13 Cents per Litre in Some Markets

News like this makes me glad I don't drive and live in a city with decent public transportation. Gas is up again, this time as much as 13 cents per litre in Canada and the US. That means a mid-sized car could cost...

Iran leads calls for OPEC oil cut

" Monday, 08 September 2008 VIENNA (AFP) — Iran led calls on Monday for OPEC to cut output ahead of a meeting of the oil producer group, with analysts expecting the cartel to begin scaling...

OPEC may pressure Saudis to cut output

" Sat, 30 Aug 2008 09:13:13 GMT OPEC members may exert pressure on Saudi Arabia at the upcoming OPEC meeting in Vienna to cutback its production amid falling energy prices. Despite the OPEC decision to maintain...

Saudi Arabian girl, 8, seeks divorce

A Saudi Arabian court is to rule next month on the divorce of an eight-year-old girl from a man in his fifties. It's  ridiculous. As far as i know, no marriage, with 8 years old girl, is allowed in any religion. It's forbidden!" The girl, who still does not know...

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