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  • The Economist has named the countries plagued the most by crony capitalism

    The Economist used data from a Forbes list of the world’s billionaires and their worth. Each individual was labelled “crony” or not, based on the person’s source of wealth. The study lists 43 countries with a GDP of more than $250 billion.

  • The 966 – The captagon crisis in the Middle East

    A growing Captagon crisis in the Middle East and Syria's fall into becoming a narco state. Captagon is a synthetic amphetamine-type stimulant, fenethylline and has become the center of an increasing number of drug busts across the Middle East. The vast majority of global captagon production occurs in Syria, with the Gulf region being its primary destination.

  • Kaspersky launches training and internship program in Saudi Arabia to build national cyber capabilities

    “Saudi Arabia has a resilient cyber defense and holds a promise of becoming a global cybersecurity hub in the near future. This ambition requires a robust talent pipeline, one that has a strong foundation in cybersecurity education, is equipped with the right skills to navigate the persistent and evolving cyberspace, and have the expertise to direct the industry towards an innovative path. Our training and internship program in the Kingdom efficiently addresses these needs. We believe education to be one of the core tools in our arsenal of improving the cybersecurity awareness culture, which is much needed as we progress to a hyper digitized era. Nothing is impossible with quality education,” said Mohamad Hashem, General Manager for Saudi Arabia & Bahrain at Kaspersky.

  • Fleeing Sudan, Some Find Saudi Ships ‘a Golden Opportunity’ to Escape

    The Saudis have sent naval ships and chartered commercial vessels on more than a dozen trips across the Red Sea, evacuating nearly 6,000 people so far, fewer than 250 of them Saudi citizens. A Times reporter traveled aboard one such naval ship from Port Sudan to Jeddah, Saudi Arabia, with a group of evacuees fleeing to safety.

  • Capturing the future: the vital role of carbon capture and sequestration in decarbonisation

    Today, coal and gas-fuelled power plants continue to be the mainstay of the world's electrical sector – they provide approximately two-thirds of all electricity, a share that has remained relatively unchanged since 2000 despite the massive surge in clean and renewable sources of power generation. And this has led, in no small measure, to the global CO2 emissions across the world – global emissions from energy combustion and industrial processes have jumped nearly 50% from 24.6 giga tones (Gt) in 2000 to nearly 36.8 Gt last year, according to the International Energy Agency’s CO2 Emissions in 2022 report.

  • Sudan conflict: Thousands are trying to escape from Port Sudan. Only a few can make it

    At least two convoys of private US citizens and local staff of the US Embassy arrived over the weekend, adding to the numbers. The first convoy reached Port Sudan on Saturday and the second one late on Sunday, the first US-led efforts to evacuate private US citizens from Sudan.

  • Air strikes, tank fire rock Sudan’s capital region despite truce pledge

    Strikes from the air, tanks and artillery shook Sudan's capital of Khartoum on Friday and a heavy bombardment pounded the adjacent city of Bahri, witnesses said, even though the army and a rival paramilitary force agreed to extend a truce by 72 hours. Hundreds have been killed and tens of thousands have fled for their lives in a power struggle between the army and the Rapid Support Forces (RSF) that erupted on April 15 and disabled an internationally backed transition to democracy.

  • Saudi Islamic Banks’ Growth, Capital Remain Strong

    Saudi Islamic banks’ standalone credit profiles will remain strong in 2023, supported by high oil prices and robust non-oil real GDP growth. Strong credit growth will put some pressure on capital, funding and liquidity, with increasing recourse to market funding. However, SAMA is likely to inject further liquidity if necessary. We do not expect M&A involving Islamic banks in the near future.

  • Saudi Arabia’s booming capital markets

    Last year was a record year for us, with nearly 50 listings overall, including initial public offerings and direct listings. It was almost a record year in terms of fundraising as well, with around SR40bn ($10.7bn) of capital raised. This was second only to 2019, which saw the listing of Saudi Aramco.

  • Saudi Arabia’s booming capital markets

    It’s a trend that we see continuing. We at the Capital Market Authority (CMA) have a file of about 80 companies that are looking to list on the main market and its parallel equity market, Nomu. Looking further forward, we’re aware of roughly 80 more listing files that have been signed by financial advisers, that are working their way to us as the regulator. Not all of those will end up listing, but it gives you a sense of the number of opportunities.