How can we
bridge the gap of misunderstanding and build on mutual respect and
trust between Arab and American People?
The US war against Iraq
Itís beginning to appear that
Iraqi President Saddam Hussein isnít as stupid as the Bush
administration believed him to be. He has readmitted the
inspectors, heís cooperating with them, and heís made his
declaration: We have no weapons of mass destruction.... What are the real
motives of the US for wanting to go to war?
22/01/2004 - The Minister of Economy and
Planning, Khalid Al Gosaibi has stated that financial assets belonging to Saudi
Arabian companies and individuals in foreign countries amount to $ 650 million.
This amount is half of the combined financial assets of GCC States abroad, which
comes to $1.3 trillion. He added that the strength of Saudi Arabia's economy is
proved by the latest statistics issued by the Financial Times of U.K., in which
five Saudi Arabian companies, namely Saudi Telecom, Saudi Electricity Co., SABIC
and Saudi American Bank and Al Rajhi Banking and Investment Corporation, have
been shown to be among 500 biggest and strongest companies in the world.
The Minister said that no other companies from Arab countries have been included
in this statistics, which shows the strength of the Kingdom's economy and the
trust of the international markets therein. The private sector of Saudi Arabia
is the strongest among Arab countries, largely due to the Kingdom's oil
revenues. The private sector in the Kingdom has fulfilled all the requirements
that make it fully qualified for participation in the privatization process now
going on in the Kingdom. It has also made it eligible for investment in the
Al Gosaibi said that the Kingdom's strategy for economic growth is concentrating
on achieving 30% growth for the industrial sector, so as to make the Kingdom the
world center for refined petroleum products, as well as one of the world's
sources for the production and export of petrochemicals and minerals, in
addition to making it a regional and international center for advanced
industrial technologies. He indicated that now foreign investors are looking at
the Kingdom as one of the most secure and stable places for investment in the