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Google’s Eric Schmidt Headlines Impressive Speaker List for the Upcoming Global Competitiveness Forum (GCF) on January 25th in Riyadh
Google’s executive chairman Eric Schmidt will speak at the upcoming Global Competitiveness Forum (GCF) in Riyadh, Saudi Arabia, according to the Forum’s website. The technology billionaire headlines a long list of high-level speakers set to descend on Riyadh to discuss investment and development in the region and beyond. Schmidt joined Google in 2001 and served […]
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Five trends that will shape the Arab World’s online industry in 2015
2014 was a milestone year for online businesses in the Arab world. It was the year in which Arab online users spent more time behind their smartphone and computer screens than their televisions, online classified’s popularity soared over that of print classifieds, and several industries such as transportation, automotive, and food & beverage were disrupted […]
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Saudi Arabia’s 2015 Budget: A Message of Confidence and Focus on Human Capital – John Sfakianakis
Saudi Arabia’s 2015 budget has captured attention as a counter-cyclical fiscal policy to spend heavily despite a projected deficit on the back of falling oil prices. SUSTG’s President Richard Wilson sat down with Dr. John Sfakianakis, Regional Director for the GCC at Ashmore Group, for a wide-ranging interview to discuss issues affecting the Saudi economy. The discussion […]
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Saudi Arabia’s 2015 Fiscal Budget Expands Spending, Projects $39b Deficit to be Covered by Reserves – Jadwa Investment
Saudi Arabia’s 2015 fiscal spending plans amount to “another expansionary budget with spending maintained at a very high level which will play a vital role in supporting the economy,” according to Riyadh-based Jadwa Investment. The firm notes that for the first time since 2011, a fiscal deficit is projected, based on revenues of SR715 billion and expenditures […]
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2015 SACM Graduation Ceremony and Career Fair Dates Announced, Venue Confirmed
The 2015 Saudi Arabian Cultural Mission’s (SACM) Graduation Ceremony and Career Fair dates are set for Friday, May 22, 2015, to Monday, May 25, 2015 at the Gaylord Hotel National Harbor just outside of Washington, D.C. The 7th annual SACM event has two main components, a career fair connecting graduating students with job opportunities from […]
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Following Huge Dip, Saudi Markets Rebound on Government’s Spending Plan
Saudi Arabia’s markets rebounded on Wednesday in response to the Government’s spending intentions in 2015, several news outlets reported today. Olzhas Auyezov of Reuters reports that markets reacted well to the Government’s plan, rebounding 4.2 percent “in a broad rally which included the petrochemicals sector.” The increase was echoed around the region as markets in […]
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John Kerry’s Remarks at U.S. Chamber of Commerce Middle East Commercial Center Leadership Dinner
In an energetic and wide-ranging speech delivered to guests attending the Middle East Commercial Center Leadership Dinner on Monday night at the U.S. Chamber of Commerce, Secretary of State John Kerry praised the work of the Center and the development of business relationships between the United States and the Middle East region. Secretary Kerry shared […]
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After Meetings with Obama and the Pentagon, Saudi Prince Miteb Bin Abdullah Touts US-Saudi Military Cooperation
Saudi Arabia’s visiting National Guard Minister, Prince Miteb bin Abdullah, visited Washington, D.C. last week in a push to “strengthen bilateral cooperation in various sectors, especially between the Defense Department and the Saudi National Guard,” according to reports in the Arab News and the Eurasia Review. Additionally, Miteb said that Saudi Arabia will receive Black Hawk […]
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Energy Subsidies in the Gulf a Staggering $160 billion Annually, World Bank Says
Gulf states are spending an average of 10% of GDP on energy subsidies each year, a total of $160 billion, an IMF official said according to Arab News. “The GCC and other MENA states must start cutting energy subsidies now otherwise problems associated with them will get worse,” said Shantayanan Devarajan, chief economist for the World Bank in Middle […]
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Investing in Middle East Healthcare for both Financial and Social Returns
It is no secret that Gulf Cooperation Council (GCC) governments are spending billions of dinars, riyals and dirhams on upgrading their healthcare infrastructure. Local and regional newspapers are filled with stories on newer, bigger and flashier hospital projects. Saudi Arabia’s 2013-2014 budget includes funds for 19 new hospitals in addition to the 102 hospitals currently […]
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Education plays key role in fight against extremism
An overhaul of the educational system has become necessary amid reports that some deviant ideology is being taught in public schools, where books with objectionable content have been prescribed. This syllabus should also meet the needs of the Saudi markets in terms of providing decent jobs to young Saudis.
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Improving the Lives of Children: Early Education in the Middle East
“Saudi Arabia is a very young country. We [were] an extended family where everyone took care of each other, and then the oil came,” says Al-Dakheel. Young children spent a significant amount of time with foreign nannies from countries such as the Philippines and Sri Lanka, she notes, adding that the nannies often were not well-educated and, for the most part, had no linguistic ability in either English or Arabic. “It creates an environment where children aren’t able to learn their languages at a very critical age.”
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Changing the face of education in Saudi Arabia
“There are almost no Saudi teachers,” he says. “The vast majority of teachers in Saudi Arabia are not Western expats like me, they’re Egyptians or Jordanians or Syrians or from Yemen. “A lot of them are great teachers, but they haven’t had the sort of grounding that we would have for example in a Master of Teaching program. They need a lot of professional development.
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Opinion: How To Improve Educational Opportunities For Saudi Women
Public separation of women and men is one of the most vexing issues facing Saudi colleges for girls. According to Article 155 of the Educational Policy of Saudi Arabia, mixing the sexes is forbidden at all levels of education, except in pre-school education. For over 40 years, the “studio” system has torn nearly 22 universities apart. Only medical colleges and universities are exempted from this educational system. This has allowed women studying medicine to realize great success worldwide, according to a 2010 report on Saudi women’s achievements by the Saudi Ministry of Higher Education.
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