Showing posts with label commercial deals. Show all posts
Showing posts with label commercial deals. Show all posts

Friday, April 30, 2010

US-Saudi Business Forum Gets Under Way in Chicago

Photobucket
Minister of Commerce and Industry Abdullah Zainal Alireza, standing third from left; Deputy Minister for Foreign Trade Abdullah Al-Hamoudi, standing extreme left; Chairman of Riyadh Chamber of Commerce and Industry Abdul Rahman Al-Jeraisy, standing extreme right; with senior US business leaders and officials at the first Saudi-American Business Opportunity Forum in Chicago on Wednesday. Photo: Arab News

ARAB NEWS: CHICAGO: On the banks of the sparkling green Chicago River, overlooking the vast expanse of Lake Michigan, the Sheraton Towers Hotel, venue of the first Saudi-American Business Opportunity Forum, was literally bursting at the seams and the action was as much in the corridors and lobbies as in the meeting halls.

In the lull between plenary sessions, in harmonious counterpart to official presentations, friends and colleagues gathered, relationships were forged or renewed, all in an atmosphere of palpable excitement. These spontaneous exchanges were not a distraction from formal program but rather the embodiment of the forum's primary theme: The commitment to a vital and enduring partnership between the two countries.

A notable aspect of the event was the turnout: over 1,000 attendees (many of whom braved skies tainted with ash and smoke in order to make it to Chicago).

The Organizing Committee had expected something close to 400. The overwhelming response on the part of both the US and Saudi delegates is testament to the sense of how vitally important this relationship is.

When asked about his initial reaction to the event, Omar A. Bahalwa of the Committee for International Trade said, "Marvelous! This event is unique. The number of registrants means that this is the largest-ever forum in the history of our two countries. And for the first time, we're targeting small- and medium-sized entrepreneurs. When someone said large crowds and a jam-packed schedule were 'bad news,' David Chaudron, representing Organized Change, laughed and added, 'It's absolutely wonderful that the bad news is the good news!'"

While the forum's theme of "The US and Saudi Arabia: A New Economic Order" was elaborated through a variety of lenses and business perspectives, the subtext of each panel's presentations was the recent global financial crisis and how the messages of that catastrophe have served to catalyze the need for increased communication and cooperation. >>> Peaco Todd, Arab News | Thursday, April 29, 2010

Saturday, August 22, 2009

Lockerbie Bomber: Lord Mandelson Faces New Questions Over Libya Links

THE TELEGRAPH: Lord Mandelson faced fresh questions over his links to Libya last night following the decision to free the Lockerbie bomber.

The Business Secretary denied that the Government had done a deal to free Abdelbaset Ali Mohmed al Megrahi, who was convicted of the 1988 terrorist atrocity that claimed 270 lives. However, his claims were contradicted by Saif Gaddafi, the son of the Libyan leader, in a conversation with Megrahi as the pair flew home from Glasgow.

In a transcript obtained by The Sunday Telegraph, Mr Gaddafi tells Megrahi: “You were on the table in all commercial, oil and gas agreements that we supervised in that period. You were on the table in all British interests when it came to Libya, and I personally supervised this matter. Also, during the visits of the previous prime minister, Tony Blair.”

This latest contradiction of the Government’s line will further increase tensions between Britain and the United States, which continued yesterday to express anger over the decision to free Megrahi. Robert Mueller, the FBI director, made public a hard-hitting letter he sent to Kenny MacAskill, the Scottish justice secretary who ordered the release. Mr Mueller called the decision inexplicable and detrimental to justice, adding: “Indeed your action makes a mockery of the rule of law. Your action gives comfort to terrorists around the world.”

Downing Street confirmed last night that Gordon Brown had discussed the possible release of Megrahi with Colonel Gaddafi when the two men met on the fringes of the G8 summit in Italy last month. A letter the Prime Minister sent to the Libyans, dated last Thursday, the day of the release, said: “When we met I stressed that, should the Scottish Executive decide that Megrahi can return to Libya, this should be a purely private, family occasion.”

Libya’s talk of trade deals has shone the spotlight on Lord Mandelson, who is facing mounting questions over his links with Mr Gaddafi, 37, the man widely tipped as his country’s next leader. >>> Andrew Alderson, Patrick Hennessy and Colin Freeman | Saturday, August 22, 2009