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...billion barrels of oil. In terms of oil production, Saudi Arabia has a quota allocation of just over 30% of production among Organisation of the Petroleum Exporting Countries (OPEC) countries. The Saudi Arabian oil production in 2010 was 9.1 million barrels per day which accounted for 13% of world’s total oil production.
Oil is the major driver of economic activity in Saudi Arabia. Oil related activities accounted for 47% of the GDP in 2010 (MoF, 2011), and petroleum...
22 Pages(5500 words)Research Paper
...influences on the Saudi government’s internal ruling policy as well as the foreign policies. Being at the heart of the Islamic world and blessed with some valuable natural resources mainly crude oil mines and petroleum, the country often plays a crucial part in international politics. Also having a vast oil reserve, Saudi Arabia plays a significant role in international politics, as Matthes et al says in this regard, “Politics in Saudi Arabia are heavily influenced by two characteristics – Mecca and petrol” (3). In the early 1990s, the Saud family led-government began to face stronger dissidence and challenges from the...
7 Pages(1750 words)Essay
...?Running head: Dancing in Saudi Arabia Dancing in Saudi Arabia s Dancing in Saudi Arabia Saudi Arabia has a very diverse culture and it includes music, food, theater and dress and dancing. Dancing in Arab countries dates back to several centuries. One of the most famous dances in Saudi Arabia is Al-Ardha. It a traditional folklore dance, dating back to many years. It was performed by Bedouin tribes of Najd. It most probably occurs on the 3rd of September, the Saudi Arabian National day, on which men dance to show respect to their emir. To show patriotism...
3 Pages(750 words)Essay
...into Islamic faith, the constitution of Saudi Arabia has been the Holy Koran. The Islamic law, called Shari’a guides the country. The King is bound by such laws, along with the advice of Ulema, the religious scholars. The status of women has improved, as compared to the same that was prevalent during the pre-Islamic period, in Arabian region. However, the same needs lot of further reforms, as the present laws are definitely against females. Incidentally, Saudi Arabia is the only country in the world, where women are not allowed to drive. The oil boom, starting from 1950-60 has brought prosperity and huge economic development to the nation, which is...
15 Pages(3750 words)Research Paper
.... The revenue of Saudi Arabia largely, about 80%, comes from oil. This accounts for about 45% and 90% of the GDP and export earnings respectively. This affirms the observation of the country’s economy being driven by oil exports. This has caused the government to try and diversify into other sectors of the economy such as power production. According to Zuhur (44), 80% of jobs in the country were occupied by foreign workers in 2008, causing the government to adopt a strategy to invest greatly in education of its citizens. With an educated populace, there would be more skilled human resource to replace the foreign workers. Government and Politics...
5 Pages(1250 words)Research Paper
...fishermen in Saudi Arabia. With the increasing demand, Khalifa Algosaibi helped establish the kingdom’s first modern fishing company in Dammam, Saudi Arabia. The company introduced modern fishing boats and founded a facility for the manufacturing and storage of fish and fish products. With this introduction, the kingdom witnessed a leap in their economy, marking the foundation of this company as a turning point in the country’s efforts to diversify from its main export – oil. This shift caused a change in the pattern of domestic consumption as well as an increased demand for fish from both the local population and those individuals...
6 Pages(1500 words)Essay
...Comparative Analysis: Saudi Arabia and the United s of America Introduction Saudi Arabia is one of the major economic players in the Middle East. Its rich oil reserves and economic expansion activities are just some of the qualities which make this nation an economic force to be reckoned with. This paper shall be a comparative analysis paper covering Saudi Arabia and the United States. The comparison shall be on the following aspects: economy/wages; labor laws and their application; labor rights; organizing/% of unionization; biggest unions; brief historical overview; political configuration; currency; educational...
7 Pages(1750 words)Admission/Application Essay
...Oil Trade between China and Saudi Arabia Introduction The importance of a sturdy bilateral association between China and Saudi Arabia, which is founded on energy but broadening to other sectors, cannot be exaggerated in economic as well as tactical provisions. Regardless of their apparent differences, China, a Marxist state with the world’s biggest population, and Saudi Arabia, a dominion whose constitution is the Islamic Shari’a, the two countries share extensive resemblance in geopolitical terms (Matthews, 2010).
The rising energy demand in China that outstripped domestic supply prompted the increase in...
2 Pages(500 words)Essay
...Saudi Arabia is a kingdom in the Arabian Peninsula, which is ruled by a king who combines legislative, judicial, and executive functions when administering the country. Either the law of the country is generally made by a royal decree from the king or the constitution of this state is the Quran. Although this country is often perceived to be a totalitarian state by many people in America, its political system has worked for the last century and not only has it done this, but it has also led to a great deal of development for its people. The Saudi Arabian government has used the oil wealth of the country for the benefit of its people and it has put a lot of investment not...
2 Pages(500 words)Research Paper
...Oil in Saudi Arabia Executive summary The paper looks at petroleum as a natural resource with regard to Saudi Arabia. It was found that the country accounts for almost 20% of the world’s oil demand. This resource is produced in other parts of the world, so Saudi is vulnerable. Several businesses in the country depend on crude oil either indirectly or indirectly. However, most of the corporations are either state-owned or foreign-owned. Locals have few opportunities to participate in trade but greatly benefit from jobs in the sector. This state of affairs has led to some unwanted social impacts such as low...
7 Pages(1750 words)Assignment