October 10, 2008

SaudiNews (Oct 4-10, 2008) Religious Police Chase

A 22-year-old Saudi woman was stopped by the religious police in Madinah, accused of being an unrelated man and woman in an illegal state of seclusion (khulwa). The religious police head confirmed that the commission was tailing the couple but claimed that the commission members did not abuse the suspects and that the man and woman are not married.
First “Death to Mickey Mouse”, and now this!!!

The Monetary Agency (SAMA) had finally discovered that our vast oil wealth would not insulate us from the global financial crisis. New data shows liquidity squeeze and reduced bank lending to the Saudi private sector.
I am now concerned that the growth in the country's money supply will probably fan the inflation fears…I hope I’m proven wrong. Oh… I forgot to mention that the Saudi Stock market lost SR143 billion (yes with a b) in 10 minutes trading last week.

Work on the first phase of an SR20 billion Makkah monorail project will start in December to facilitate transportation of pilgrims between Makkah, Mina, Arafat and Muzdalifa.
This is a major project designed to transport five million pilgrims…I hope this dream will finally come true.

A new desalination plant with a daily capacity of 50,000 cubic meters will be established south of Jeddah.
Will this project finally solve Jeddah’s water shortage? Whatever happened to the SR 9.1-billion Saudi-Malaysian project contract signed in 2005 to set up the Shuaiba-3 desalination plant? What happened to the newly established National Water Company (capital of SR22 billion) to provide services related to ground water and drinking water distribution?

Our courageous guards in Najran foiled an attempt to smuggle 1,200 KG of hashish into the Kingdom. Two smugglers armed with guns and live ammunition were arrested after a gunbattle. Job well done considering the hazardous desert and mountainous terrain across the southern border.

Marico Muras’s exhibition will run from Oct 13 through 23 at Jamjoom Mall in Al-Hamra district in Jeddah. Marico will exhibit 40 paintings. I'm sorry I won't be there as I plan to attend the Euromoney Conference in Cairo at the same time.

MEQMP is organizing 5 days Lead auditor Course in Dammam (Oct 18-22) and Riyadh (Nov 1-5). For more info:
Asim Baig
President MEQMP
050 787 9405

Movie of the week
Eagle Eye
Jerry and Rachel are two strangers thrown together by a mysterious phone call from a woman they have never met. Threatening their lives and family, she pushes Jerry and Rachel into a series of increasingly dangerous situations, using the technology of everyday life to track and control their every move.
I give it (B+).

Life goes on….
Abdullah Al Alami

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