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In First Weekly for Ashmore, Sfakianakis Highlights ‘Wall Street’s Retreat from EM Market-Making’
In his first weekly for the London-based Ashmore Investments, John Sfakianakis and co-author Jan Dehn write that emerging markets are playing a larger role in international finance, and recent political and economic developments around the globe “illustrate Wall Street’s decline as market-maker for Emerging Markets (EM) assets.” The full analysis, available here and used by […]
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Saudi Arabia’s Energy Pivot to Asia ‘May Result in Lower Crude Prices’, Analyst Predicts
Saudi Arabia is starting to focus more on Asian destinations for its crude, which may result in lower costs to the region, writes Clyde Russell in a Reuters analysis. “The Saudis aren’t exactly retreating from the North American and European markets, but they seem to have read in the tea leaves the trend that physical […]
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John Sfakianakis Hired by London-Based Ashmore Group PLC to Lead Middle East Expansion – Report
Bloomberg’s Matthew Martin reports that veteran banker John Sfakianakis has been hired by UK-based Ashmore Group PLC to head expansion into the Kingdom ahead of Saudi Arabia’s market opening. According to the report, citing unnamed sources, Sfakianakis will be director for the GCC for Ashmore. Sfakianakis is a frequent contributor to SUSTG.com.
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US Training Teams Arrive in Saudi Arabia As Brass Praise Arab ‘Professionalism’ in Coordinated Strikes
US Secretary of Defense Chuck Hagel and Chairman of the Joint Chiefs of Staff, Army Gen. Martin E. Dempsey announced at a joint press conference that U.S. trainers have arrived in Saudi Arabia to assist in the development of moderate Syrian rebels, the Voice of America reports. “Opposition fighters are being vetted by U.S. military, […]
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Saudi Arabia’s Latest Record: The World’s Tallest Flagpole
Move over, Tajikistan: Saudi Arabia now has the world’s tallest flagpole. In Jeddah this week, Makkah Governor Prince Mishaal bin Majed presided over the unfurling of Saudi Arabia’s national flag on the world’s tallest flagpole – a new Guinness World Record for the Kingdom. Soaring over nearby high rises, the flagpole can be seen for miles […]
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Jamal Khashoggi on the BBC News Hour: Saudi Arabia Will Continue to Fight IS ‘Short of Sending Ground Troops’ [Audio]
In an interview on the BBC News Hour, Saudi journalist Jamal Khashoggi addressed the latest developments in the joint U.S.-Arab military action against Islamic State positions in Iraq and Syria. “Saudi Arabia is already at war with ISIS since 2003, when IS was still Al Qaeda, so it is the same thing – the same […]
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UAE Fighter Pilots who Bombed IS in Syria Led by Female Commander
A Saudi Prince and a female fighter pilot from the United Arab Emirates took part in this week’s airstrikes on the Islamic State in Syria, according to reports and photos emerging on the social networking site Twitter. Fighter pilots from the UAE’s air force were led by Maj. Mariam Al Mansouri, a female commander of the […]
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IMF Report on Saudi Arabia Cites Growth, Finds Near-Term Outlook ‘Positive’ but Warns of Deficit in 2015
A recently released detailed report on the economy of Saudi Arabia by the IMF finds the Kingdom’s current economic situation is on solid footing with near-term growth expected to continue, but warns of a looming fiscal deficit in 2015. “Saudi Arabia’s economy has grown very strongly in recent years, benefitting from high oil prices and output, […]
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‘Security, Lack of Co-Operation’ to Blame in Delay of Newcomers to Saudi’s Mobile Market, Report Finds
Reuters reports that state security requirements and a lack of co-operation from Saudi Arabia’s existing telecom operators have delayed the launch of two new mobile companies until later this year, citing their chief executives. “VMMEA in March said it hoped to launch services in the first half of 2014, while Mobily initially said its Jawraa’s […]
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NCB’s October 19th IPO May be 2014’s Second Largest Behind Alibaba
Saudi Arabia’s National Commercial Bank is set to issue an IPO in October that might raise as much as 16 billion riyals ($4.3 billion), which would be the second largest of 2014 behind China’s Alibaba Group Holding Ltd., Bloomberg’s Matthew Martin reports. The IPO will list 300 million shares totaling 15% of the lender’s share capital, with an additional 200 million shares, […]
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Saudi Arabia to Host Arab Geographical Names Experts Conference
The Kingdom of Saudi Arabia, represented by the General Authority for Survey and Geospatial Information (GEOSA), will host the 10th Arab Geographical Names Experts Conference in Jeddah on November 10-12. The theme for the event is "Strengthening Arab Relations and Ties in Geographical Names." This hosting is part of GEOSA's efforts in the field of geographical names. It oversees the Kingdom's surveying, geospatial information, and imaging sectors and chairs the National Committee for Geographical Names, which includes 21 government agencies.
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Saudi air passengers up 17% in first half of 2024
Saudi Arabia had a 17 percent increase in the total number of air passengers in the first half of the year, rising to 62 million. This was based on a 12 percent rise in total flights to 446,000, the General Authority of Civil Aviation (GACA) said. Air freight was also up, showing an increase of 41 percent, GACA said.
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China Investors Can Now Trade Saudi Stocks on Two ETFs
Two exchange-traded funds focused on Saudi Arabian stocks that debuted today in Shanghai and Shenzhen give Chinese investors an option to bet on equities in the oil rich nation as both countries strengthen ties.
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New Iranian president does not inspire hope among Gulf Arabs
Gulf Arab capitals do not view the election of Reformist Masoud Pezeshkian as a major turning point for Iranian policy. There is broad skepticism about whether there is any genuine pro-reform movement left in Iran. There is also a view that Iranian elections are cosmetic and will not allow Pezeshkian to act independently of conservative-dominated power structures.
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Network model shows resilience as Iran-Israel clash expands
Since the Palestinian Hamas movement’s outrageous attack on Israel on Oct. 7, 2023, Tel Aviv has found itself in a multifront war that it cannot win militarily. Israel’s military superiority has lost the ability to deliver a strategic punch against a network of networks administered by Iran. This highlights how in the decade or so following the Arab Spring protests, networked non-state actors have become the key movers and shakers in the region—outperforming state hierarchies on matters of resilience.
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Is Saudi Arabia replacing the US with China in its security partner mix?
The visit fuelled speculation that Riyadh could be looking to Beijing to ease pressure from Washington on issues such as human rights and its stand on the Israel-Gaza war. Defence specialists said the conflict and tensions in the broader Middle East would undoubtedly have been on the agenda – along with Saudi Arabia’s rising arms purchases from China. But Saudi Arabia still saw the United States as its key security partner – even as it increases rapport with and arms purchases from China.
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Saudi Arabia Close to Deal With China’s Envision for Wind Energy Push
Saudi Arabia and China’s second-largest wind turbine manufacturer are close to a deal to develop a new plant in the oil-rich desert kingdom to help support its goal of boosting renewable power production. The Saudi sovereign wealth fund and Vision Industries, a privately owned renewable-energy manufacturing company, could sign an agreement with Envision Energy Co. as soon as this week, according to people familiar with the matter.
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Literature Commission concludes training program for publishing houses in Oxford
The training program was held in cooperation with Oxford International Publishing Center, and lasted for 10 days, during which it witnessed many intensive training and consulting sessions presented by a group of publishing experts. The program sessions covered several prominent topics, including international publishing strategies and marketing plans, the role of literary agencies, copyrights and contracts, planning skills for participation in book fairs, and others.
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Saudi Telecom reportedly eyes up Vodafone Portugal
Vodafone and Saudi Telecom (STC) have both recently failed in Portuguese M&A attempts, so it makes sense that they might now look to hammer out a deal between them. But it seems we're not close to a deal just yet.
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Saudi Arabia and Qatar explore judicial cooperation
Al-Samaani highlighted the legal and judicial progress that Saudi Arabia has witnessed under the leadership of King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman. He emphasized that the progress made in the legislative and digital domains improved the efficiency and quality of judicial services.
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