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Saudi CMA Presses on Adoption of International Financial Reporting Standards
The Saudi Capital Market Authority (CMA) continues to press forward it’s efforts to make the Saudi stock market (Tadawul) more attractive to foreign investors. Earlier this month the CMA approved amended rules for Qualified Foreign Investors by lowering the asset qualifications as well as adjusting upwards some key ownership limitations. For more on those changes […]
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Social Media Lights Up after First Saudi Woman Competes in 100m in Rio
Saudi Sprinter Kariman Abuljadayel made history as the first woman ever to compete in the 100m dash in the Olympics at Rio, and she did it covered from head-to-toe. The sprinter did not qualify for the final event, but her participation in the 100m dash – like Sarah Attar’s participation in the 800m race in London in […]
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Amended Rules Increasing Foreign Investor Access to Saudi Stock Market Approved
Saudi Arabia’s Capital Market Authority (CMA) Board has approved changes to rules that regulate what type of foreign investor can enter into the Saudi stock market. The changes include 24 Articles that address procedures, requirements, and conditions for the registration of qualified foreign investors (QFIs) with the CMA to invest in listed securities in the Saudi […]
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Saudi Arabia Confirms Cooperation with Germany to Investigate, Prevent Terrorist Attacks
Saudi Arabia’s has confirmed it was working with German investigators to track Islamist militants behind bomb and axe attacks in July. The news was originally reported by the German outlet Der Spiegel and confirmed in rare comments by a Saudi spokesman. A spokesman for the Saudi interior ministry, General Mansour al-Turki, said Saudi and German security experts […]
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Jadwa Saudi Chartbook for August 2016: Signs of ‘Resilience’ in Saudi Economic Activity
Jadwa Investment’s Saudi Chartbook for the month of August found points of “resilience” in economic activity, according to chief economist and head of research Fahad Al-Turki. “June data showed resilience in economic activity. Data on point-of-sale transactions and ATM withdrawals came out strong, while the non-oil PMI continued to reflect an expanding non-oil economy,” Jadwa said. Data on […]
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11 Saudi Citizens Including 7 Soldiers Die on Border with Yemen ahead of Next Round of Peace Talks
Four people were killed and three wounded in Saudi Arabia when a shell fired from inside Yemen exploded in a town close to the border, Saudi Civil Defense said on Monday. The announcement followed news that seven Saudi soldiers and dozens of Houthi fighters were killed in heavy fighting on the border with Yemen on […]
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Deputy Crown Prince Mohammed bin Salman Back in U.S. for Defense, Anti-ISIS Talks
Deputy Crown Prince Mohammed bin Salman arrived in the United States for a second time in as many months this week for a defense ministerial meeting of nations involved in the effort to counter the self-described ISIS in Iraq and Syria, held at Joint Base Andrews, Maryland. Coalition partners taking part in the meeting “are looking for […]
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’28 Pages’ Released: Once-Classified Section of 9/11 Report Made Public; Saudi FM Al-Jubeir Says Matter Now ‘Finished’
The U.S. Congress on Friday released a long-classified section of the official report on the Sept. 11 attacks that described potential potential links between some of the hijackers and officials in Saudi Arabia. Saudi Arabia’s foreign minister said on Friday he welcomed the release of this “28 pages” of the official report. “The matter is […]
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Saudi King, Crown Prince and Deputy Crown Prince Express Condolences to France’s Hollande after Nice Terror Attacks
Saudi Arabia’s top leadership expressed their condolences for the tragic act of violence in Nice, France on the country’s Bastille Day celebration. King Salman, Crown Prince Mohammed bin Naif and Deputy Crown Prince Mohammed bin Salman sent a cable of condolence to the the French leader about the attack. An official source told SPA the […]
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Engineers and Two Government Employees to Face Charges in Mecca Crane Disaster – Report
Saudi prosecutors will bring charges against engineers and two government employees as a result of the 2015 crane collapse in Mecca, Saudi Arabia, which killed 107 people and infuriated top government leaders. Reuters reports that Al-Riyadh, a local newspaper that “reflects government thinking,” quoted a source as saying that investigators and the prosecution “had completed an […]
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Saudi Arabia, GCC embrace biological age testing in push for healthier aging
From stem cell research to modifying age-limiting conditions such as Alzheimer’s or Parkinson’s disease, to unlocking the regenerative capacity to reverse age-related changes in the body, targeting human aging with new therapies and medicines is a big business. And the latest trend is biological testing; figuring out how old your body actually is, versus the age on your passport. Or, in other words, your biological age versus your chronological age.
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Battling Japan down Saudi Arabia to stay perfect in World Cup qualifying
Japan handed Saudi Arabia a 2-0 defeat in Jeddah on Thursday as Hajime Moriyasu's side continued their march towards the World Cup with a third consecutive win in Asian qualifying that moves the Samurai Blue five points clear at the top of Group C. Daichi Kamada's close range finish put the Japanese in front in the 14th minute of a physical first half and substitute Koki Ogawa headed in Junya Ito's corner nine minutes from time to secure the points.
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Saudi Arabia’s flyadeal eyes widebodies; A321neo due in 1Q26
flyadeal (F3, Jeddah International) is planning to place a widebody order - its first - before the year ends, chief executive Steven Greenway said at the Routes World 2024 conference in Bahrain. The Saudia (SV, Jeddah International) low-cost subsidiary sees opportunity with widebodies, “and we’re going after it,” Greenway said, adding that they are evaluating both the A330 and B787 but have discarded the A350, as it would be “too big.”
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Will the UAE steer Assad away from Iran-led war with Israel?
Over the past several years, the United Arab Emirates (UAE) has played a critical role in bringing Syria back into the Arab diplomatic fold. Since Abu Dhabi reopened its embassy in Damascus in 2018, high-ranking Emirati and Syrian officials have consistently engaged in manners that serve to shore up the standing of Bashar Al-Assad’s government in the Arab world. The Syrian president’s Mar. 2022 visit to the UAE was a watershed in terms of his gradual rehabilitation as a “legitimate” head of state in the eyes of Sunni Arab statesmen.
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Israel steps up its battles with the United Nations
On Thursday, Israeli forces fired on three positions in Lebanon staffed by the U.N. Interim Force in Lebanon, or UNIFIL. At least two peacekeepers were injured and had to receive treatment, according to a UNIFIL statement, after an Israeli tank fired toward an observation tower at their main headquarters in the southwest city of Naqoura. The group — a legacy of international efforts to maintain the peace after Israeli invasions of Lebanon — has a force of some 10,000 peacekeepers of varying nationalities in bases scattered across the Israel-Lebanon border.
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Stop Israel from bombing Iran’s oil sites, Gulf states urge US
Gulf states are lobbying Washington to stop Israel from attacking Iran's oil sites because they are concerned their own oil facilities could come under fire from Tehran's proxies if the conflict escalates, three Gulf sources told Reuters. As part of their attempts to avoid being caught in the crossfire, Gulf states including Saudi Arabia, the United Arab Emirates and Qatar are also refusing to let Israel fly over their airspace for any attack on Iran and have conveyed this to Washington, the three sources close to government circles said.
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Saudi Arabia Aims For Global Hydrogen Leadership
A formal announcement is expected soon. The news follows on a statement by PIF governor and Aramco chairman Yasir Al Rumayyan earlier this year, that Saudi Arabia wants to invest more in green hydrogen and have 15% of ‘blue hydrogen’ production globally. While a national hydrogen strategy first appeared in outline in 2020, the country has moved forward gradually under guidance of the Saudi Ministry of Energy. Its diverse hydrogen pathways include numerous initiatives of state oil company Saudi Aramco and affiliates and the new NEOM project.
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Saudi League edge is good for Senegal team, Mane says
The presence of many Senegal players in the Saudi Pro League benefits the national team due to the competition's high competitive level, Al-Nassr forward Sadio Mane said on Wednesday. Mane, twice African player of the year, started the season with Al-Nassr strongly, scoring two goals and making five assists in six matches playing alongside all-time great Cristiano Ronaldo. "We’re all in the Senegalese national team," Mane told the Saudi Pro League. "Of course, we sometimes talk about the league and many other things.
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Hezbollah forges new command for crucial ground war after heavy Israeli blows
Hezbollah is preparing for a long war of attrition in south Lebanon, after Israel wiped out its top leadership, with a new military command directing rocket fire and the ground conflict, two sources familiar with its operations said. Hezbollah has been diminished by three weeks of devastating Israeli blows - most notably the killing of its leader Sayyed Hassan Nasrallah. Friends and foes alike are now watching how effectively it resists Israeli troops that have crossed into Lebanon with the stated aim of driving it away from the border.
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US still believes Iran has not decided to build a nuclear weapon, US officials say
The United States still believes that Iran has not decided to build a nuclear weapon despite Tehran's recent strategic setbacks, including Israel's killing of Hezbollah leaders and two largely unsuccessful attempts to attack Israel, two U.S. officials told Reuters. The comments from a senior Biden administration official and a spokesperson for the Office of the Director of National Intelligence (ODNI) added to public remarks earlier this week by CIA Director William Burns, who said the United States had not seen any evidence Iran's leader had reversed his 2003 decision to suspend the weaponization program.
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