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PMU Seminar Foresees Future Technology

By Tony on | From bday.net
Al-Khobar | Kingdom of Saudi Arabia: Saudi Aramco Endowed Chair of Technology and Information Management at Prince Mohammad Bin Fahd University’s College of Computer Engineering and Science recently organized one-day seminar on “Advances in Cloud Computing and Business Security.” Delivering a keynote address, Professor T.R. Gopalakrishnan Nair said: “Cloud is the ideal case to make computing capability a universal utility. Very soon big desktops would vanish with the arrival of intelligent...Read Full Story

Saudi Arabia Wants to See $100 per Barrel Oil Price

By DeberaSperber9259 on | From investments-and-acquisitions.com
Saudi Arabia, the top exporter of crude, wants to see an oil price per barrel of about $100. Moreover, the country wants to see an increase in the world’s oil inventories before demand rises by the end of 2012. All these were recently expressed by Ali al-Naimi, the Oil Minister of Saudi Arabia. The most current Brent crude oil price was $112.26. That is way lower than its highest rate of $128 in the month of March this year. Since the early parts of 2011, Brent has been trading at more than...Read Full Story

Saudi Arabian Hackers Attack Iranian Oil Companies

By staffjam on | From oilprice.com
According to PANA News several state-backed Iranian oil firms have recently been targeted by a group of hackers from Saudi Arabia.The websites of the Iranol, the Iranian Oil Ministry, and the National Iranian Oil Company were all targeted by a worm (a type of virus that self-replicates in order to spread deeper and deeper into a computer system) on the 22nd of April. The virus was detected and removed before it could affect the systems.This is not the first time that Iran, currently under...Read Full Story

Oil falls as Saudi Arabia seeks to calm markets

By naijanedu on | From naijanedu.com
(Reuters) – Oil dropped nearly 2 percent Tuesday as Saudi Arabia sought to knock back the price rise that has threatened the global economy, with the oil minister offering the most detailed argument to date that OPEC nation was prepared to meet any supply shortfalls. Saudi Arabian Oil Minister Ali al-Naimi said the kingdom was pumping 9.9 million barrels per day — the most in decades — supplying every customer request, and was willing to turn the taps to the maximum 12.5 million bpd...Read Full Story

BREAKING GROUND: Why Saudi Arabia switch to trading oil is so important.

By Kippreport.Com on | From kippreport.com
“We are shifting our mindset from that of a giant oil exporter to focus on adding value to products by trading,” Aramco Trading chief executive Said al Hadrami told an energy conference in Bahrain this week. His comments are particularly pertinent as Riyadh seeks to capitalise on its refining strength and run its own oil trading book – buying and selling gasoline, gas oil and other fuel to balance the needs of its expanding system, and to turn a profit. A new Saudi state-owned company, Aramco...Read Full Story
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Ambassdor Munu markets Sierra Leone in Saudi Arabia
He thanked His Majesty, King Abdullah Bin Abdul Aziz Al- Saud and his Government for improving their country’s economic relationship with Africa and stressed the need for the expansion of economic partnership between the Gulf Cooperation Council (GCC ...  
From api.bing.com ()
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Two important lessons from Saudi Arabia and the UAE
In Saudi Arabia the council of ministers, chaired by the Custodian of the Two Holy Mosques King Abdullah bin Abdul Aziz, issued a ruling that requires state ministries to appoint spokespeople and respond  
From awsat-e.com ()
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