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Tadawul Up 11.2 Percent This Year, Funds Seen as Increasingly Bullish on Saudi Arabian Equities
After a rough second half of 2014, Saudi Arabia’s stock market, the Tadawul or TASI, has begun a bounce-back. The bourse is up 11.2 percent this year, and a recent Reuters survey of regional asset managers found bullishness in those polled about Saudi Arabia equities and the Tadawul. The current gains in Riyadh are the […]
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King’s Speech at Global Islamic Conference in Mecca to Counter Terrorism Urges Strategy
At the Global Islamic Conference that brought together scholars in Mecca, Prince Khaled Al-Faisal read a speech on behalf of King Salman in which the monarch urged the defeat of extremism and noted, “terrorists do not at all represent Islam.” “Many people have the misconception that terrorism is the main feature of Islam and Muslims,” […]
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Military Officials from 26 Nations Battling Daesh Begin 2-Day Summit in Saudi Arabia
Military officials from 26 nations descended on Saudi Arabia this week for a two-day meeting to discuss joint efforts to combat the self-styled Islamic State extremist group, or Daesh, in Iraq and Syria, according to the Saudi Press Agency. According to the Military Times, the head of the U.S. military’s Central Command, Gen. Lloyd Austin, […]
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Jadwa Investment: Healthy Growth in Consumer Spending; Strong Consumption Growth in 2015 Likely
A recently released note by Riyadh-based Jadwa Investment predicts strong growth in consumer spending on the back of recent spending announced in Royal Decrees. Jadwa: “December data showed healthy growth in both cash withdrawals from ATMs and point of sale transaction. Consumption growth in 2015 is likely to be strong following the recent Royal decrees. […]
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#FocusKSA Video: Theodore Karasik on Saudi Arabia’s Political Transition
Gulf-based expert and analyst Theodore Karasik discussed the political transition in Saudi Arabia following the death of King Abdullah and the transition to King Salman last week with SUSTG and SUSRIS in an exclusive #FocusKSA interview. Karasik noted that the transition “went very smoothly,” and added, “I think what caught all of us by surprise […]
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Saudi Arabia Evacuates Embassy in Yemen as Houthis Make Gains
Saudi Arabia has suspended operations at its embassy in Yemen and evacuated its staff as the security situation there deteriorates, various agencies are reporting. Sanaa, Yemen’s capital, is currently under control of a Shiite militant group, the Houthis, who have battled the Saudi government along its long border with the Kingdom for years. The AFP […]
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Recent Data Show Saudi Women Make Up Only 13% of the Workforce, Despite Representing 50% of All Graduates from Saudi Universities
Recently released figures from Saudi Arabia’s Central Department of Statistics show that Saudi women have a long way to go in achieving equality in the workforce in the Kingdom, a longstanding challenge with economic and social facets facing Saudi Arabia’s new King Salman bin Abdulaziz al Saud and Labor Minister Adel Al-Fakeih. The official statistics […]
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U.S. Merchandise Exports to MENA Slowing, But Still Record-Breaking in 2014, NUSACC Finds
A recently released study of government data by the National U.S.-Arab Chamber of Commerce (NUSACC) found another record-breaking year for American exports to the MENA region, but growth slowed in 2014 in what the organization called mixed results. NUSACC: “Exports of U.S. goods to the Middle East and North Africa (MENA) region set a new […]
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Saudi Arabia’s First Social Media King Salman Nets More than 450k Followers on Twitter Since Ascending to Saudi Throne
The citizens of the Kingdom of Saudi Arabia are some of the most active social media users in the world. Roughly 20% of the country is on Twitter and 25% is on Facebook, according to Statista. Upon King Abdullah’s passing, then Crown Prince Salman became Saudi Arabia’s first King to use social media publicly – […]
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Sfakianakis: Passing of King Abdullah and Advent of King Salman a ‘Time of Continuity’ in Oil Policy
Writing in MEES, a Middle East oil and gas weekly magazine, Saudi finance expert Dr. John Sfakianakis says that the transfer of power from King Abdullah to King Salman is likely to represent a continuation of Saudi oil policy, particularly with respect to production levels. “The passing of King Abdullah and the advent of King Salman […]
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MUST-READS
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If A Bank Can Be Liable For Terrorism, Are The Saudis Next?
There are still big barriers to suing a sovereign nation in U.S. courts, including the opposition of the federal government. But firms including Motley Rice, the firm that helped win the Arab Bank case and in the 1990s broke down the legal walls protecting the tobacco industry, have convinced an appeals court in New York to allow their case against Saudi Arabia to proceed despite that nation’s strong protests it bears no blame for the terrorist attack that killed more than 2,000 Americans.
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Saudi Qatari Dispute: Will Doha Abandon the Muslim Brotherhood?
It is easy for Qatar to implement, for example, the point of ceasing to nationalize defectors from other Gulf States. But the tough nut for Qatar to crack is its policy towards Egypt. In this case, it is not merely an utterance by the Emir that may stop or continue this or that policy; it is the comprehensive approach of Doha to the Middle East.
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Opinion: Saudi Arabia: Champion of Human Rights?
Given Saudi Arabia’s unsavory reputation on this subject—it is routinely denounced in the State Department’s annual human rights report and by activist groups such as Human Rights Watch—Riyadh might seem to be an unlikely venue for such an event. But the key to understanding the rationale for this conference lies in the announced theme: “Promoting a Culture of Tolerance.” This is not about individuals’ freedom of expression, or the status of women, or freedom of assembly. This is about the Islamic State, or ISIS.
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The New Iraqi Prime Minister: A Change in Style or Substance?
One salient issue that remains unaddressed, or at least unanswered, concerns the key security ministries of Abbadi’s new cabinet. Ever since Iraq’s first democratic government was seated in 2006, filling the security ministries with leaders acceptable to all participants in the cabinet has proved to be an enormous challenge.
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Opinion: Degrade and destroy? Unclear military goals are an American tradition
Steadily increasing men and money ($7.5m every day, per a late-August Pentagon total) into Iraq follows from the goal Obama laid out last week: to degrade and ultimately destroy Isis. It signals toughness and finality, yet its meaning is elusive.
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Potential U.S. allies? Syrian rebel groups at a glance
President Obama has said a key part of his strategy to degrade and defeat Islamic State militants will be working with moderate Syrian opposition groups. He has called on Congress to authorize $500 million to train and arm Syrian rebels to become America's partners. But who are these groups, and to what degree can the U.S. rely on them?
- Lawfare - Opinion: The Foreign Policy Essay: Is this How to Win the war on Terrorism?
- Small Wars Journal - Opinion: If You Liked Vietnam, You'll Love the War With the Islamic State
- NYT - Syrian Leaders See Opportunities and Risks in U.S. Striking ISIS on Their Soil
- NYT - Opinion: To Stop ISIS in Syria, Support Aleppo
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Who’s the king of the GCC social media ring?
The UAE comes out on top with high Facebook and LinkedIn penetration rates, yet Saudi Arabia leads the region on most platforms, especially Twitter. According to the Arab Social Media Report published in May this year, Facebook usage in the Arab world has expanded to approximately 81 million users, while LinkedIn and Twitter user numbers have also grown to 8.5m and 6m, respectively.
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What can a Dubai fashion startup teach you about social entrepreneurship?
Determined to make a difference, the two women cofounded JUST, a social enterprise that aims to enable a transparent and “values-driven, not value-driven” fashion supply chain by connecting designers and manufacturers to ethical, sustainable suppliers. JUST leverages technology to promote transparency within the fashion supply chain by authenticating suppliers based on their ethical and sustainability standards and presenting them on an easy to use online platform for designers and manufacturers.
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Iran and Saudi Arabia: Detente on the Horizon?
After all, sabotage is the policy instrument of choice of the hardline faction in Tehran when it sets its mind to defending the status quo. For a brief moment, the hawks seemed hell-bent on sabotaging Rouhani’s Saudi initiative. The day Abdollahian arrived in Riyadh, Fars News—the mouthpiece of the IRGC—reported that an alleged Israeli drone shot down over Iran’s Natanz nuclear facility had been launched from a base in Saudi Arabia.
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Bad as Baghdadi? Pakistan’s Most Dangerous Man
With the Pakistani press fixated on impending anti-government protests in Islamabad, a major terrorist attack launched in mid-August on the other side of the country went largely unreported.
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