Saudi per capita water consumption 91% higher than international average

Saudi Arabia’s crude oil exports to Japan seized the top spot among the GCC oil producing countries, although imports from the Kingdom shrank 4.4 percent from a year earlier to 1.13 million bpd, followed by the United Arab Emirates with 816,000 bpd, up 16.3 percent, Japan’s Natural Resources and Energy Agency said in a preliminary report Friday.

US Federal Reserve Chairman Ben Bernanke expressed deep worry over the US economy Friday and argued for fresh action to stimulate growth from the central bank.

Germany and Italy remain opposed to a release of consumer country emergency oil stocks, arguing world markets are amply supplied despite lower Iranian crude output, senior government sources in Rome and Berlin said.

French bank Societe Generale said it was in talks to sell its controlling stake in Egyptian unit National Societe Generale Bank to Qatar National Bank, as Europe’s lenders retrench from expansion abroad.

ETIHAD Cargo will inaugurate a new weekly freighter operation from Abu Dhabi to the Qatari capital, Doha, effective Sept. 3.

McLaren Automotive, the high-performance sports car company borne of the world’s most successful global motor racing team, enjoyed a high profile and highly successful Pebble Beach Concours d’Elegance near Monterey, California last weekend.

THE new Porsche 911 Carrera 4 unites the excellent performance and efficiency of the new generation of the 911 Carrera with the dynamic benefits of the latest version of the active all-wheel drive system PTM (Porsche Traction Management).