http://www.tradearabia.com/tanews/newsdetails_snOGN_article116594_cnt.html
Saudi Arabia cancels planned gasoline price rise Posted: Saturday, December 23, 2006 Riyadh Saudi Arabia has cancelled a planned 25 per cent increase in regular gasoline prices on King Abdullah's orders, said a report. 'This order is the latest of (King Abdullah's) initiatives which aim to contribute to the welfare of the Saudi people,' Oil Minister Ali Al Naimi told the state news agency SPA. In April, the King also issued a decree slashing gasoline and diesel prices by around 30 per cent. This was seen as aimed at softening the blow of a stock market crash and pushing economic growth in the oil-dependent country. Large numbers of small Saudi investors have been hit by the crash that wiped about 40 per cent off the value of the largest bourse in the Arab world. The agency said the price of 95-octane gasoline would remain at 0.60 riyal ($0.16) per litre, and would not be raised to 0.75 riyal per litre as of Jan 1 as earlier announced. The new 91-octane gasoline would be sold at 0.45 riyal per litre, instead of the earlier announced 0.60 riyal, it added. Saudi Arabia said earlier it would have a record budget surplus of $71 billion in 2006 and would increase spending in 2007. Up to 9 million Saudis, or half the native population, have invested in the stock market, encouraged by a government, which hoped the bourse would enable citizens to share in an economic boom that has come with record world oil prices.Reuters +++ -------------------------- Want to discuss this topic? Head on over to our discussion list, [EMAIL PROTECTED] -------------------------- Brooks Isoldi, editor [EMAIL PROTECTED] http://www.intellnet.org Post message: osint@yahoogroups.com Subscribe: [EMAIL PROTECTED] Unsubscribe: [EMAIL PROTECTED] *** FAIR USE NOTICE. This message contains copyrighted material whose use has not been specifically authorized by the copyright owner. OSINT, as a part of The Intelligence Network, is making it available without profit to OSINT YahooGroups members who have expressed a prior interest in receiving the included information in their efforts to advance the understanding of intelligence and law enforcement organizations, their activities, methods, techniques, human rights, civil liberties, social justice and other intelligence related issues, for non-profit research and educational purposes only. We believe that this constitutes a 'fair use' of the copyrighted material as provided for in section 107 of the U.S. Copyright Law. If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/osint/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/osint/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
