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CMA Tightens Curbs on Anonymous Investors in Preventive Measure to Curb Money Laundering and Terrorist Financing
- October 14,2015
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- SUSTG Team
Saudi Arabia’s Capital Market Authority has further tightened its restrictions on anonymous investors trading shares through brokers in a bid to prevent money laundering and financing of militant groups, Reuters reports. The new rules apply to Saudi and Gulf-based brokers and banks “which offer opportunities to invest in the Saudi stock market through funds called ‘nominee accounts’. […]
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New Social Media Study on Saudi Arabia Finds ‘Life for Many Saudis An Ecosystem of Apps’
- October 13,2015
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- SUSTG Team
With Saudi Arabia one of the most active countries in the Middle East on social media, a recent study found that Saudi users change their platform preferences relatively quickly “considering all the changes that have come to them.” “The world of social media has evolved at a prodigious pace where two years seem longer in duration considering […]
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Current and Long-Term Challenges for the Labor Market in Saudi Arabia – Jadwa Investment
- October 12,2015
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- SUSTG Team
A recently released report by Jadwa Investment on the Saudi labor market looks ahead to the potential significant challenges still facing the labor market within Saudi Arabia. “The Saudi Labor Market has undergone significant and dynamic change over the course of the last decade. The labor market is notably segmented and unique challenges are being […]
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Jadwa October 2015 Chartbook: Investment in Foreign Securities Recorded a Monthly Increase, First Time in 2015
- October 9,2015
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- SUSTG Team
Investment in foreign securities recorded a monthly increase for the first time in 2015, an indication that pressure continued to be relieved off foreign reserves as the main deficit financing tool, according to a recently released report by Riyadh-based Jadwa Investment. Additionally, net monthly withdrawals from government accounts continued to be small in August compared to […]
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Riyadh Metro Milestone Hit As Drilling Completed in First Tunnel Section
- October 8,2015
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- SUSTG Team
Saudi Arabia’s long-awaited Riyadh metro project has hit a major milestone as a consortium led by Spanish construction giant FCC said it has completed the drilling work related to the first tunnel section of Line Five (Green line). According to TradeArabia, FCC said these works “represent a new milestone for the consortium after becoming the […]
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Iranian Fighters Among Those Captured So Far in Yemen, According to a Former Saudi Navy Captain and Prince
- October 7,2015
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- SUSTG Team
At a NCUSAR-hosted event on Capitol Hill in Washington yesterday, HRH Navy Captain (Ret.) Prince Sultan bin Khalid Al-Faisal told an audience that Iranians and Hezbollah forces have been captured by Saudi-led coalition forces in Yemen. Barbara Slavin in Al Monitor writes that while Prince Sultan bin Khalid Al-Faisal was not speaking on behalf of the Saudi government, “his […]
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As Putin Ramps Up Attacks in Support of Assad, Saudi Arabia and the Gulf States Eye a Response
- October 5,2015
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- SUSTG Team
Russia’s recent military escalation in support of Syria’s embattled president is placing Riyadh and Moscow on a collision course as regional powers vie to determine the future of in the war-torn country. In the near term, it is expected that Russian air power will “provide desperately needed air support and boost the morale of Syria’s battered […]
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Saudi Foreign Minister Adel Al-Jubeir Deplores World’s Inability to End Bloodshed in Syria in UN Speech
- October 2,2015
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- SUSTG Team
In a passionate speech to the members of the UN General Assembly yesterday, Saudi Arabia’s Foreign Minister Adel Al-Jubeir said “those whose hands are stained with the blood of the Syrian people” have no place in a “new Syria” and expressed deep concern that the international community has been unable to save innocent Syrians from the […]
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An Overview of the Conflict in Yemen, in Maps
- October 1,2015
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- SUSTG Team
The European Council on Foreign Relations published an extensive and informative overview of the conflict in Yemen using maps to show the country’s political history and ongoing conflicts. “Far from reaching a tidy conclusion,” the conflict is War in”growing, if anything, more complicated by the day,” the EUCFR writes. “Rather than being a single conflict, […]
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HRH Prince Turki al-Faisal, in First Interview with Israeli Media, Chides Netanyahu for Refusing Peace
- October 1,2015
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- SUSTG Team
HRH Prince Turki al-Faisal gave his first televised interview with the Israeli media station Haaretz, and told the outlet that if Netanyahu was a far-sighted leader, he would negotiate on the basis of the Arab Peace initiative. If Benjamin Netanyahu “was more of a far-sighted leader, he would break the logjam and negotiate on the […]
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MUST-READS
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Saudi Arabia’s top sectors for CX: Retail and Financial Services
What sectors offer the best customer experience in Saudi Arabia? In its take on the multifaceted question, KPMG surveyed over 1,500 consumers from across the Kingdom to find out, concluding that retail, grocery and financial services lead the way. Drawing on KPMG’s proprietary global model for measuring customer experience, KPMG’s Saudi Arabia team for the second year running asked local consumers to rate close to 100 brands on the framework’s six pillars, as well as provide a net promoter score (NPS) per brand.
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Saudi Arabia Opens Up to Airbnb-Like Rentals
Citizens of Saudi Arabia will now be able to rent out their homes to tourists, according to a bylaw approved by the tourism ministry. The country that is witnessing a renaissance in tourism, targets to attract over 100 million tourists annually by 2030. The new rule is being seen as an effort to keep pace with this development by making the destination more accessible to international visitors.
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U.S. promises swift aid to Turkey and Syria after deadly earthquake
The U.S. is moving quickly to send assistance to Turkey and Syria as the death toll from a powerful earthquake continues to rise, President Joe Biden said Monday. “My Administration has been working closely with our NATO Ally Turkiye, and I authorized an immediate U.S. response. At my direction, senior American officials reached out immediately to their Turkish counterparts to coordinate any and all needed assistance,” Biden said in a statement. “Our teams are deploying quickly to begin to support Turkish search and rescue efforts and address the needs of those injured and displaced by the earthquake. U.S.-supported humanitarian partners are also responding to the destruction in Syria.”
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A multimedia exhibit reveals more details about NEOM’s linear city
I had a genuinely great time at The Line Experience. Despite repackaging fairly tired ideas and the obvious critiques of governmental power or environmental concern made elsewhere, the exhibition creates an overall effect where the future remarkably doesn’t feel dog-eared or Space Age–y at all, but shiny and just silly enough to be, well, fun.
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Five dead in Israeli raid on Palestinian militants in W.Bank
Israeli forces killed a number of armed fighters on Monday during a raid on a refugee camp near the occupied West Bank city of Jericho aimed at capturing suspected Hamas militants, the Israeli military said in a statement. Five people were killed, governor of Jericho Jihad Abu al-Assal said, in the raid in Aqbat Jabr refugee camp in southern Jericho and eight were arrested, according to a statement published by official Palestinian news agency WAFA.
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Frenemies: US-Israel Spy Strains Emerge Over Iran
The episode sheds fresh light on the close but contradictory ties between the U.S. and Israeli intelligence agencies, one of the most complicated relationships in the shadowy world of international espionage. On one hand, Mossad and CIA officers share intelligence and even coordinate some field operations, reflecting Israel’s status as a close and trusted U.S. ally. At the same time, the two spy services disagree sharply over Iran’s intentions. And despite fervent Israeli denials, former U.S. officials say the Mossad still runs aggressive intelligence-gathering operations in the United States that present thorny political challenges for U.S. officials.
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After US, Saudi Arabia and UAE raise interest rates, Qatar stays put
The Gulf central banks’ moves followed the US Federal Reserve raising its rates. Inflation increased in both Qatar and Saudi Arabia at the end of 2022.
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Some UN Afghan aid delivered by men only, donors voice alarm
Under pressure from Afghanistan's Taliban administration, the United Nations is delivering some food aid using men only, prompting warnings from donors and humanitarian groups that it could be seen as giving in to an internationally condemned ban on most female aid workers. U.N. aid chief Martin Griffiths acknowledged to reporters this week that women are not involved in some food aid activities, which the World Food Programme described as "operational adjustments" to allow it to continue its work, and he said the situation was inadequate.
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Iraqi Kurdistan in Iran’s crosshairs as Israel blamed for drone attack
Iranian state media have accused opposition groups based in Iraqi Kurdistan of involvement in the recent targeting of a military workshop in central Iran. Meanwhile, state media have also highlighted the "need for air defenses" on the Iraq-Syria border. This follows bombings of trucks carrying Iranian goods by unknown aircraft in the area.
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Resolution of ‘racism’ complaint brought by Qatar against UAE and Saudi Arabia
The ad hoc Conciliation Commission was established by the UN Committee on the Elimination of Racial Discrimination (CERD) in the wake of a diplomatic crisis between the neighbouring Gulf nations, nearly eight years ago. “I hope that the consensus found by Qatar, the UAE and Saudi Arabia to discontinue the proceedings is the result of a genuine dialogue between the parties to end the dispute which arose in 2018 concerning allegations of racial discrimination,” said Verene Shepherd, the CERD chair.
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