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  • Are Members of Royalty “Foreign Officials” Under the FCPA?
     

    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 […]

     
  • Saudi Is World’s Largest Market For Islamic Assets
     

    Saudi Arabia is emerging as the largest market for Islamic assets, according to a new report by Ernst & Young. According to the report, Saudi Arabia, with an estimated $207 billion of Islamic assets in 2011, was ranked first in the world. Malaysia was ranked second with total assets of $106 billion and UAE ranked […]

     
  • Saudi best in MidEast for doing business
     

    Saudi Arabia is the best country in the Middle East for doing business, according to a new study published by the World Bank. The Gulf kingdom, the world’s largest oil producer, was ranked 22nd globally in the ‘Doing Business 2013’ report, ahead of neighbour the UAE which placed 26th. Elsewhere in the GCC, Qatar came […]

     
  • With customs union, GCC edges toward closer economic ties
     

    Saudi Arabia, the biggest Arab economy, is leading moves toward political and economic cooperation, which it believes would give the mostly Sunni-led monarchies of the Gulf more power to withstand any confrontation with Shi’ite Iran. Closer business ties within the GCC, which consists of Saudi Arabia, the UAE, Kuwait, Qatar, Oman and Bahrain and has […]

     
  • In Major Shift, Saudi Aramco Dabbles in Oil Trading
     

    Saudi Arabia has long been a dominant force in global oil markets, “but has never been an oil trader.” That changed on January 1st, 2012, when Saudi Aramco began operations at Aramco Trading, a wholly owned company subsidiary. The new Aramco Trading marks an expansion in Aramco’s downstream investment portfolio in the Kingdom and overseas, […]

     
  • Opening the TASI: What You Need to Know
     

    Saudi Arabia, the world’s largest oil exporter and the Middle East’s biggest economy, is about to complete a gradual process to open its stock market, known as the Tadawul or TASI, directly to international investors for the first time.  The initial step toward this action was to give other GCC countries the right to invest […]

     
  • Saudi Perspective on the Middle East: Obaid
     

    In this SUSRIS exclusive presentation, the “Saudi Perspective on the Middle East: The View from Riyadh” assessment provides: the background and context for Saudi diplomacy — assets and characteristics; economic and energy data; sources of regional instability; the “New Gulf Union”; profile of Gulf defense configurations; the Kingdom’s role in regional stabilization and its political and […]

     
  • What to Know About the TASI Opening
     

    Saudi Arabia, the world’s largest oil exporter and the Middle East’s biggest economy, is about to complete a gradual process to open its stock market, known as the Tadawul or TASI, directly to international investors for the first time. The initial step toward this action was to give other GCC countries the right to invest […]

     

MUST-READS

  • Saudi Arabia, Kuwait, UAE reiterate support for Bahrain’s fiscal programme

    The three Gulf allies extended a $10 billion aid package to Bahrain in 2018 to help it avoid a credit crunch. Last month Bahrain said that due to the coronavirus crisis last year, it had postponed the target year for a balanced budget to 2024, and announced plans to hike a value-added tax to boost state coffers.

  • Top Israeli diplomat visits Bahrain, U.S. navy base in signal to Iran

    Touring the Bahrain headquarters of the U.S. Navy's Fifth Fleet, which has faced off Iranian vessels amid tensions over Tehran's regional aims, Lapid said: "Our three countries work together because we have similar interests in the region." "When we speak about peace, we need to remember that peace must be protected from those who would harm it," he added, according to his office.

  • In first, Israeli FM Lapid to visit Bahrain on Thursday

    Israel's foreign minister will fly to Bahrain on Thursday, the highest-level official Israeli visit to the Gulf state since the countries established ties last year, the Foreign Ministry said.

  • Thriving Bahraini clubs welcome Saudi neighbours for women’s football festival

    Kicking off in the early evening and hosted by Super Soccer Academy, who will also field a team, the event sees two Saudi Arabian women’s squads - Qatif and Eagles - crossing the border in what could be the beginning of an ongoing partnership with the nascent Saudi Women’s League.

  • Bahrain to Hike VAT After Saudi Arabia in Bid to Cut Deficit

    The Gulf’s smallest economy is seeking ways to cut spending and bring its budget back into balance by 2024, a delay to the previous target, without undermining a fragile recovery, an official close to the government told Bloomberg News. It isn’t clear when the higher VAT rate will be implemented.

  • Secretary of Defense Lloyd J. Austin III’s Visit to Bahrain

    Secretary of Defense Lloyd J. Austin III met on September 7 with King Hamad bin Isa Al Khalifa and with Crown Prince Salman bin Hamad bin Isa Al Khalifa in Manama, Bahrain, to thank them for Bahrain’s exceptional support in facilitating the safe transit of evacuees from Afghanistan. He affirmed the strength of the U.S.-Bahrain relationship, expressed his goal of deepening the defense partnership, and thanked the Bahraini leaders for their commitment to hosting U.S. forces in Bahrain.

  • Bahrain approves third booster shot of Sputnik V vaccine

    Bahraini authorities have authorised the use of a booster dose of the Sputnik V COVID-19 vaccine, the first time the Russian shot has been approved for a third dose, the state-run Bahrain News Agency said on Saturday. The booster shot was approved for use among all over-18s at least six months after receiving their second dose of the Sputnik V vaccine, the news agency reported.

  • Kamala Harris thanks Bahrain and Kuwait for help in Afghanistan evacuation

    US Vice President Kamala Harris made calls to two Gulf countries on Thursday, offering thanks for their help with evacuation efforts in Afghanistan.

  • Bahrain’s Wealth Soars to $69 Billion in 2020

    Bahrain’s financial wealth grew at a compounded annual growth rate (CAGR) of 4.9% from 2015 to reach a high of $69 billion in 2020, according to a new report by Boston Consulting Group (BCG).

  • Bahrain eases coronavirus restrictions, allowing all to enter malls, restaurants

    Bahrain has eased coronavirus restrictions, allowing all to enter restaurants, cafes, and shopping malls as the country Bahrain moves to the COVID-19 "green alert level," the Bahrain News Agency (BNA) reported on Thursday. The move, which was announced by the country's coronavirus taskforce during a meeting on Thursday, has come into force on Friday (July 23).