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Saudi Prince Alwaleed Joins Twitter
- March 12,2013
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- Lucien Zeigler
HRH Prince Alwaleed Bin Talal has joined Twitter, the microblogging social network in which the Prince holds a 3% stake. In an announcement in both Arabic and English on his official handle, @Alwaleed_Talal, Alwaleed’s office noted that the businessman will soon be active on Twitter: The Private Office of HRH Prince Alwaleed Bin Talal […]
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Saudi youth, the issue of unemployment and work ethic
- March 10,2013
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- SUSTG Team
Abdulateef Al-Mulhim is a well-known Saudi commentator who is appreciated – at least here at SUSTG – for his willingness to take on sensitive topics and provide his particular perspective. In this item he addresses the work ethic of young Saudis, a subject of much debate. Not surprisingly, there are numerous facets to the discussion […]
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Women Transforming the Middle East
- March 8,2013
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- SUSTG Team
In this thoughtful interview with SUSRIS, Dr. Isobel Coleman, Council on Foreign Relations Senior Fellow, characterizes King Abdullah as a ‘committed incrementalist.’ An accurate description based on his steady push of reforms that are meaningful but are not, as some critics point out, decisive. Why doesn’t the King just declare that it is legal for […]
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Saudi Chartbook – February 2013
- February 5,2013
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- SUSTG Team
Jadwa Investment’s recently released Saudi Chartbook for the month of February 2013 assesses a number of key aspects of the Saudi economy including the real economy, bank lending, banking indicators, inflation, trade, oil, exchange rates, the TASI (Saudi Stock Market), sectoral performance, and more. [The full report from Jadwa Investment can be read here.]
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Al-Assaf, Al-Rabiah Headline Important Private Sector Initiative in Riyadh
- January 14,2013
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- Lucien Zeigler
The high-level meeting, an ambitious private sector initiative, addressed joint Arab action agendas, with 21 proposals of developmental projects discussed. Saudi Finance Minister Ibrahim Al-Assaf and Commerce Minister Tawfig Al Rabiah headlined this important event in Riyadh, which was widely discussed on Social Media sites and in the general media.
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Nitaqat: Towards a Saudi “New Deal?”
- December 14,2012
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- Nathan Field
Editor’s Note: ‘Saudization’ is a topic that has garnered a great deal of front-page ink in Saudi Arabia of late. The Nitaqat (“Ranges”) Program introduced in 2011 has staunch advocates and detractors and the ongoing argument between members of the private sector and the Ministry of Labor over recent fee hikes for foreign employees has been […]
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Are Members of Royalty “Foreign Officials” Under the FCPA?
- December 11,2012
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- SUSTG Team
For U.S. companies conducting business abroad, the Foreign Corrupt Practices Act (FCPA) is a constant companion. The FCPA, “applies to any person who has a certain degree of connection to the United States and engages in foreign corrupt practices. The Act also applies to any act by U.S. businesses, foreign corporations trading securities in the […]
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Jadwa Investment – December 2012 Saudi Chartbook
- December 3,2012
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- SUSTG Team
Jadwa Investment’s Saudi Chartbook for the month of December 2012 assesses a number of key aspects of the Saudi economy including the real economy, bank lending, banking indicators, inflation, trade, oil, exchange rates, the TASI (Saudi Stock Market), sectoral performance, and more. A summary of the report is provided for your consideration below, and the […]
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Saudi non-oil sector to expand 6% in 2013
- November 25,2012
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- SUSTG Team
Saudi Arabia shows some tightness in the local financial system, reflecting a scarcity of corporate deposits, but this appears to be abating and might in any case reflect strong investment growth in the non-oil economy. Local firms continue to report strong growth in new orders, with exchange rate movements helping make non-oil exports more competitive. […]
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Saudi reforms detour through Vienna faith centre
- November 21,2012
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- SUSTG Team
Although launched by Riyadh and named the King Abdullah International Centre for Interfaith and Intercultural Dialogue (KAICIID), bin Muaammar stressed it is not a Saudi entity. “This is an international institution,” he said. “About 70 percent of the world’s religions are on its board. The centre will be a neutral place to exchange ideas.” In […]
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MUST-READS
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Change in Saudi ArabiaCommentary: Tide of change sweeps through Saudi Arabia
The year 2018 will be a year of major social changes for the Kingdom of Saudi Arabia. These changes are expected to dramatically change Saudi society as we once knew it.
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Saudi Stock MarketSaudi exchange ‘aims to dominate Arabian Gulf markets’
The Saudi stock exchange, based in Riyadh, is already the biggest market in the Middle East by market capitalization and trading volumes, but lags well behind others — notably the UAE stock markets — in the proportion of stock held by foreign investors.
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Change in SaudiSaudi Arabians are ready to embrace social change – but fear it may come at a cost
“Overall there are good overdue changes [such as women driving]. But I think that these freedoms are not the main concern at the moment. Many Saudis are currently concerned about the economy.”
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EntertainmentSaudi Arabia changes its tune on music in public
On the outskirts of Riyadh, at an amusement park on the edge of the desert, there it was: rap music. It’s all part of the sweeping changes being unleashed in Saudi Arabia by the 32-year-old Crown Prince Mohammed bin Salman (“MbS” as everyone calls him).
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Iran UnrestA long-simmering factor in Iran protests: climate change
Many environmental activists believe Iran is quickly approaching its breaking point as diminishing rainfall and warmer temperatures have caused lakes to disappear, kicked up blinding dust storms and emptied out once fertile regions as farmers seek economic refuge in cities.
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U.S. Middle East PolicyUS-led coalition changes mission in Iraq, Syria
With ISIS all but vanquished from its self-proclaimed "caliphate" in Iraq and Syria, the US-led coalition that has been fighting the extremist militants for more than three years is transforming its mission.
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VATIn Saudi Arabia, Controlling the Pace of Change
The “citizens benefit,” where the citizens earning less will get more relief in the interim, is similar to how Singapore’s government introduced its own VAT in the 1990s.
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JerusalemIsrael changes law to make it harder to cede Jerusalem control
Israel’s parliament passed an amendment on Tuesday that would make it harder for it to cede control over parts of Jerusalem in any peace deal with the Palestinians, who condemned the move as undermining any chance to revive talks on statehood.
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Change in Saudi ArabiaA year of historic change in Saudi Arabia, with more to come
Saudi Arabia in 2017 laid the groundwork for momentous change next year, defying its conservative reputation for slow, cautious reforms by announcing plans to let women drive, allow movie theaters to return and to issue tourist visas. The kingdom could even get a new king.
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Saudi Stock MarketThe Saudi Stock Exchange Performance Report – Annual Statistical Report 2017
At the end of the year 2017 Tadawul All Share Index (TASI) closed at a level of 7,226.32 points compared to 7,210.43 points for the previous year, gained 15.89 points 0.22%. The highest close level for the index (TASI) during the year (2017) was 7,493.45 points as on 3rd of July.
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