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  • Saudi Women’s Quest For Change Enabled Them Earn Citizenship Rights

    “Far from being passive victims of their society, Saudi women are active agents who possess the tools and the necessary resilience that enable them to militate for their citizenship rights. This goes against prevailing stereotypes, especially in the West,” says Prof. Salhi.

  • As climate change imperils Taliban’s shift from opium, impact could be felt worldwide

    For decades, farmers in southern Afghanistan relied on opium poppies to make a living in their parched desert landscape. Even as prolonged drought dried out rivers and turned fields so salty that they glowed white in the sun, the hardy poppies flourished.

  • FTSE Russell implements periodic changes to Saudi market today

    Global index provider FTSE Russell will implement today, June 24, the changes announced as part of its quarterly index review. The changes will be effective as of June 25 and will be implemented today, during the closing auction and trading periods at the closing price, as per the requirements of the global indices managers.

  • Climate change threat hangs over haj pilgrimage as hundreds perish in heat

    Nearly 2 million Muslims will reach the end of the haj pilgrimage this week, but extreme heat has proved fatal for hundreds who began the journey last Friday to the Kaaba at the Grand Mosque in Mecca in Saudi Arabia. At least 562 people have died during the haj, according to a Reuters tally based on foreign ministry statements and sources. Egypt alone has registered 307 deaths and another 118 missing, medical and security sources told Reuters, as temperatures at times soared past 51 degrees Celsius (124 Fahrenheit).

  • Green Peace: How the Fight Against Climate Change Can Overcome Geopolitical Discord

    The challenges facing the clean energy transition are real, but the impulse to pull back is misguided. Now is the time for more ambition, not less. As carbon emissions continue to rise, mitigating the dire threat of climate change requires much faster decarbonization than is currently underway. But this is not the only reason to hasten the transition.

  • How 3 Schengen-style visas planned in GCC, Asia and Africa could change tourism forever

    The Schengen visa has transformed tourism for holidaymakers across the world looking for hassle-free travel to Europe. A single document offering unrestricted access to 29 countries, it delivers a major economic boost for member countries and a major timesaver for travelers themselves. So transformative is the Schengen visa, in fact, that countries around the world are looking to partner up to form trading and diplomatic blocs with mutually beneficial tourism benefits.

  • Saudi Exchange Publishes Guidelines for Offering and Listing of Foreign Companies

    The Saudi Exchange published its guideline manual for foreign companies offering and/or listing on its Main Market. While current capital markets regulations and rules in Saudi Arabia permit such offerings, the lack of a clear criteria and process led to uncertainty among potential non-Saudi issuers, and may have deterred them from pursing listings or required them to restructure their operations in order to incorporate in Saudi Arabia before listing. In fact, to date there have been no cross-listings on the Saudi Exchange and only one dual-listing, which was the concurrent and dual-listing of Americana Restaurants in Saudi Arabia and the United Arab Emirates in December 2022.

  • Saudi Exchange approves listing of $12.08bn in govt debt instruments

    Saudi Arabia’s stock exchange has approved the listing of SR45.28 billion ($12.08 billion) worth of government debt instruments submitted by the Ministry of Finance.

  • Saudi Arabia’s open banking strategy a game-changer

    In May 2022, the institution, also known as SAMA, went live with its open banking initiative, which has altered the future of financial technology in the Kingdom and the wider region. Open banking is a technological innovation that enables customers to securely share their data with third parties. “Open banking changes the very nature of relationships across the financial ecosystem for Saudi Arabia and for the region as a whole. This is only a good thing,” said Al-Moayed.

  • Calls for change mount as Saudi lady doctor dies in car crash post her 24-hour shift

    The Saudi medical community has mourned the loss of Dr. Aziza Fatani, a dedicated neonatal intensive care doctor who died in a car accident after completing a 24-hour shift at a hospital in Jeddah.
    The incident, which occurred last Sunday, has sparked widespread calls for reform in hospital work schedules.

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