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The Euromoney Conference: Investment in Saudi Arabia – Sfakianakis
Just recently Fitch upgraded the sovereign rating of Saudi Arabia to AA from AA-, denoting a stable outlook for the Kingdom. Fitch’s upgrade of Saudi Arabia’s sovereign rating makes it rank seventh within the G20 members, after the United States, Germany, Canada, Australia, Britain, France, and ahead of even Japan and China. Despite political upheaval […]
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FOCUS KSA – ‘Saudi Labor in Transition’: Register Now for Wednesday, March 14th 10:00am EST Online Discussion
The international news cycle has moved on from President Obama’s visit to Riyadh in late March. The surge of commentary surrounding his trip tended toward hand-wringing about the status of the US-Saudi Arabia relationship and the tension between American and Saudi perspectives regarding Iran, Syria and Egypt.
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Tourism in Saudi Arabia: How the SCTA Can Help the Saudi Economy
In 2012, 1 billion tourists visited countries all over the world, and this movement led to the generation of more than $1.3 trillion for the global economy. More than half of tourists used air travel to reach their destinations. In 2010, the total contribution of tourism toward the global GDP reached $6.6 trillion (9.3% of […]
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Saudi Minister of Finance Ibrahim Al-Assaf to Represent Saudi Arabia at the G20 Meetings in Washington on Thursday
The Saudi Press Agency reports the Minister of Finance, Dr. Ibrahim Al-Assaf, will represent Saudi Arabia in Washington on Thursday at the G20 meethings. He will join other finance ministers and governors of central banks.
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Opportunities for Saudi-China Trade: Is Asia the Future for the Kingdom?
As part of the recent visit by Saudi Arabia’s Crown Prince Salman to China, I participated the Saudi-China Investment Forum organized by the Saudi Arabian General Investment Authority (SAGIA). I was honored to receive an invitation to speak, and compared with forums organized inside and out of the Kingdom of Saudi Arabia in 2014, this […]
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KACARE and Saudi Arabia’s Frightening Consumption of Energy
Four years ago, King Abdullah City for Atomic and Renewable Energy (KACARE) was established by a royal decree. Public statements highlighted the numerous nuclear and solar power plants that would be built and entered into production during the next 15 to 20 years. Large sums of money have been paid for advisers and global consulting […]
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Why Technical and Vocational Training is an Urgent Need for Saudi Arabia’s Future
Higher education and technical and vocational training are still so far from the requirements of the labor market and specifically in the private sector. Official data show that the proportion of those who enrolled in Saudi universities from high school is the highest in the world – 78% (more than 383,000 students), compared to 56% […]
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High Performance Government and MILE: Delivering on the Promise of eGovernment
In a country with 185% mobile device penetration and some of the highest levels of Web usage in the world, how do Saudi officials deliver on the promise of eGovernment? Dr. Mohammed Mustafa Mahmoud, CEO of the Madinah Institute for Leadership and Entrepreneurship (MILE), says it’s not an easy task, given the high expectations of […]
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Is the Saudi Arabian Economy Productive?
Over the past few years, key macroeconomic indicators point to remarkable breakthroughs by the Saudi Arabian economy. The Kingdom’s economy maintained high GDP growth rates, a budget surplus, growth in the Kingdom’s current account, all while the ratio of public debt to GDP remained minimal. Saudi Arabia’s inflation rate remained low amidst a large influx […]
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Saudi Arabia’s Non-Oil Export Figures are Just Numbers on Paper
During the past few weeks, we have heard in statements from Saudi officials that Saudi Arabia’s non-oil exports are increasing. In 2013 alone, the value of Saudi oil exports increased by 6.7%, while non-oil exports increased by 2.4%. From 2003 to 2012, total non-oil exports increased from SAR 350 billion to 1.4 trillion.
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MUST-READS
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Saudi Arabia biggest coffee consuming country in world | Economy | Saudi Gazette
The study showed also that the consumption of coffee per capita amounts to 3 kg per year. According to the same statistics, Saudi people spend annually more than SR1 billion for the preparation of coffee and its components. The Kingdom imports on an annual basis more than 26,000 tons of cardamom, ginger and saffron with a total value exceeding SR4.5 billion, while the number of coffee shops in Saudi Arabia increases more than 10 percent per year
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As Millions Of People Fast For Ramadan, Does The Economy Suffer? : NPR
New research examines the effects of Ramadan, the Muslim holy month during which millions of people around the world go without food all day. Does religious practice affect economic growth?
- Saudi Arabia | Arab News — Saudi Arabia News, Middle East News, Opinion, Economy and more.
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How to welcome the holy month | Arab News — Saudi Arabia News, Middle East News, Opinion, Economy and more.
God says in the Qur’an: “O ye who believe! Fasting is prescribed to you as it was prescribed to those before you, that ye may (learn) self-restraint. “(Fasting) for a fixed number of days; but if any of you is ill, or on a journey, the prescribed number (should be made up) from days later.
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Libya’s El Feel oil field reopens after protest ends | Arab News — Saudi Arabia News, Middle East News, Opinion, Economy and more.
Libya’s El Feel oil field reopens after protest ends
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Saudi students in US universities contribute $3.2b to US economy
Peter Davos, Managing Director, Carian College Advisors, said: “The number of KSA students studying in the United States has risen dramatically in recent years, positioning the Kingdom as the fastest growing source of foreign students in the US. Saudis now constitute the fourth largest foreign student population in America, having increased from only 4,000 just a decade ago.”
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InSight: Some gender issues are pretty complicated | Arab News — Saudi Arabia News, Middle East News, Opinion, Economy and more.
A discussion on gender issues can become complicated in a conservative society, especially if talk shifts to the seemingly growing subculture of girls and women behaving like men and having intimate relations.
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UK terror convict used ‘sacrifice72’ e-mail id | Arab News — Saudi Arabia News, Middle East News, Opinion, Economy and more.
Abu Hamza al-Masri, the radical Islamist cleric facing U.S. terrorism charges, sits while a picture of shoe bomber Richard Reid is seen on a computer screen (L) and Saajid Badat is questioned via teleconference in Manhattan federal court in New York in this artist's sketch on Monday. (Reuters)
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Iraqis brave blasts to vote for ‘change’ | Arab News — Saudi Arabia News, Middle East News, Opinion, Economy and more.
An Iraqi woman casts her vote in Iraq's first parliamentary election since US troops withdrew at a polling station in the Iraqi city of Kirkuk on Wednesday. (AFP)
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Middle-East | Arab News — Saudi Arabia News, Middle East News, Opinion, Economy and more.
Palestinian Authority President Mahmud Abbas gestures as he gives a speech during a meeting with the Palestine Liberation Organisation (PLO)'s Central Council in the West Bank city of Ramallah on Saturday. (AFP)
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