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Riyadh, Rajab 8, 1434, May 18, 2013, SPA -- Saudi newspapers' editorials for today highlighted a number of current issues. Al-Madinah newspaper hailed the open-door policy practiced by the...

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Washington, April 29, SPA -- Using farmland to produce biofuels like ethanol may be partly to blame for soaring food prices, U.S. Secretary of State Condoleezza Rice said Monday.


“There has been apparently some effect, unintended consequence, from the alternative fuels effort,” Rice told a meeting of the Peace Corps in Washington when asked for the U.S. government’s view on the spike in world food prices.


“Although we believe that while biofuels continue to be an extremely important piece of the alternative energy picture, obviously we want to make sure that it is not having an adverse effect,” Rice said. “We think that it is not a large part of the problem, but it in fact may be a part of the problem, the ethanol debate.”


Rice said other factors causing high food process include problems of distributing food in conflict areas and export caps imposed by some countries that are trying to meet rising demand from its citizens.
Biofuels have been promoted as a way to limit and reduce greenhouse-gas emissions, responsible for global warming, but since they are grown on land that otherwise would be used for food production, they increasingly have been blamed for soaring food prices.

--SPA
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Riyadh, Rajab 8, 1434, May 18, 2013, SPA -- Saudi newspapers' editorials for today highlighted a number of current issues. Al-Madinah newspaper hailed the open-door policy practiced by the leadership of this country saying it represents the highest degree of consultation. Al-Sharq...
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Riyadh, Rajab 8, 1434, May 18, 2013, SPA -- The Capital Market Authority (CMA) has called on the members of the boards of directors of companies listed on the Saudi Stock Exchange to participate in a workshop on corporate governance, entitled '' The functions and responsibilities of the members...
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Washington, Rajab 7, 1434, May 17, 2013, SPA -- U.S. stocks closed higher Friday, as investors focused on signs of improvement in the U.S. economy. In U.S. economic news, a measure of consumer sentiment rose to its highest level in nearly six years. Separately, a report on leading economic...
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