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Recent stories from sustg
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KAEC Fellowship Brings Harvard Grads For On-The-Ground Experience in Urban Planning
In 2014, Saudi Arabia’s King Abdullah Economic City (KAEC) launched the Impact KAEC Fellowship in 2014, inviting three students from Harvard’s Graduate School of Design for a hands-on experience in urban planning. The 2014-2015 Fellowship began in October 2014 and ended in March 2015. KAEC fellows “were placed within business units in the city to bring fresh ideas and […]
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Lack of Clarity from Capital Market Authority On Upcoming Stock Market Opening Leaves ‘Would-Be Investors Guessing’, Report Says
A report today in Bloomberg finds that Saudi Arabia’s Capital Market Authority has not provided clarity about how new rules permitting foreign investment in the Tadawul will square with existing rules preventing foreign access. The report, written by Dana El Baltaji, Deema Almashabi, and Sarmad Khan for Bloomberg, says that investors “are no closer to understanding how […]
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Writing from Saudi Arabia, Yemen’s President Pens Op-Ed in New York Times Seeking Western Help to ‘Save Yemen’
In a New York Times op-ed written from Riyadh, Saudi Arabia, Yemen’s President Abdu Mansour Hadi called for Western help in restoring him to power as he places blame directly on Iran and Ali Abdullah Saleh. “It is not too late to stop the devastation of my nation. The Houthis belong at the negotiating table, not […]
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Jadwa’s Quarterly Oil Market Update Finds Glut in Oil Markets Widening, Brent to Average $61 Per Barrel in 2015
Jadwa Investment’s just released Quarterly Oil Market Update (Q1 2015) found a widening glut in the supply of oil globally, putting downward pressure on the price on international indices. The Riyadh-based bank said that it now estimates an average price of oil at $61 per barrel in 2015, down from $79. “The widening of global oil […]
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Jadwa April 2015 Chartbook: Royal Decrees Boost February Economic Data
In Jadwa’s April 2015 Saudi Chartbook, economic data reflected strong growth in February of this year following the impact of the late January royal decrees. “Cash withdrawals from ATMs recorded a significant monthly increase in response to the two month’s salary bonus, Jadwa said. In addition, bank lending to the private sector recorded healthy growth in February. However, government deposits […]
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Starting (or Investing In) an Online Business in MENA: Lessons Learned for Founders and Investors
In the rush to create the next big success in the online industry in MENA, it is useful to pause and ponder key lessons our nascent community can benefit from based on the successes (and failures) of founders and investors in developed markets, such as the US, and other emerging markets more advanced than ours, […]
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At Sharm El-Sheikh, Arab Leaders Agree on Joint Military Force to Address Shared Regional Challenges
Arab leaders have agreed in principle to “form a joint military force to address growing Arab challenges and threats” in a resolution following a 2-day summit of representative countries in Egypt, a move that bolsters cooperative efforts to stem the growth of extremism and instability in the Middle East. Leaders from Saudi Arabia, Egypt, Qatar, […]
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For Saudi’s Troubled Housing Market, New Tax on Vacant Plots Could Spur Development, Lower Prices
In a big step for providing affordable housing to Saudi citizens, the Government has decided to impose a tax on the owners of vacant plots of land within city borders. The tax will incentivize development on these idle plots of real estate, either by the landowner or by encouraging the sale of the plots to those […]
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Video: Kentucky Senator and GOP Candidate for President in 2016 Rand Paul Says United States ‘Should Be Boycotting Saudi Arabia’
Kentucky Senator and future GOP candidate for President in 2016 Rand Paul says the United States “should be boycotting Saudi Arabia” in a speech to donors that was posted on YouTube. “Remember when South Africa was misbehaving? We organized a boycott of South Africa. We should be boycotting Saudi Arabia and not taking money from […]
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Is Saudi Arabia Moving Towards a Future Without Expatriate Workers?
Today in the Dubai-based newspaper The National, Gulf expert Theodore Karasik writes that Saudi Arabia is moving to provide more jobs for Saudis, and that under new King Salman, change is in the works for its troubled labor sector. The goal to stop relying on expatriate workers and to transition to a nearly all-Saudi workforce is […]
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MUST-READS
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Friedman: A Pump War?
Is it just my imagination or is there a global oil war underway pitting the United States and Saudi Arabia on one side against Russia and Iran on the other?
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Why should you venture into e-commerce in the Arab region? [Infographic]
In an attempt to get more entrepreneurs enthused about starting online businesses, and helping them see why the Middle East is a good space for e-commerce, the Saudi based payment gateway, Paytabs, published last week an infographic listing the three top reasons for supprting their argument. "Our aim is to inform people about the ecommerce market in the Middle East, as it is the fastest growing in the world," says Umair Maqsood, strategic Marketing Associate at Paytabs. "We want people to do business online and get a chunk of the $15 billion."
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Does the Houthi Takeover of Yemen’s Sanaa Endanger World Trade?
Yemen is admittedly a relatively small country of 24 million, a little less populous than Texas. It is the second poorest in the Arab League after Somalia. It is nevertheless a country with enormous global strategic importance:
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Can Saudis beat North Dakota in an oil price war?
Comments by Saudi officials indicate they continue to believe shale oil requires a price of $90 a barrel to be profitable, the analysts noted. While the Saudis think this represents a new floor for oil prices, the floor is actually falling as shale-oil production technology continues to improve, Citi said. (It costs just a few dollars a barrel to extract Saudi Arabian oil, but the International Monetary Fund in September estimated that the “breakeven” price required to balance the country’s budget rose to $89 a barrel in 2013 from $78 in 2012.)
- WSJ - Oil Markets Fly Into a Perfect Storm
- Daily Mail - In oil price war, Saudi's biggest rival is next door
- Wall Street Journal - Iran Slashes Oil Prices to Asia Following Saudi Cut
- Al Arabiya - Brent falls near four-year lows as rout extends
- Bloomberg - Saudi Arabia Oil-Price Cuts Said to Be Aimed at Aiding Refiners
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What’s so new about the Islamic State’s governance?
According to new global data I collected for my dissertation on the social service provision by all active insurgent groups from 1945 to 2003, over one-third of insurgencies have provided education or health care to either members of the insurgency or civilians. This trend is fairly consistent with insurgencies across time: As the number of insurgencies began increasing in the 1960s before declining in the mid-1990s, so did the number of insurgencies providing social services.
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Will Afghanistan Become the ‘Forgotten War’ Again?
And after nearly $800 billion, and more than 2,300 American lives, the war in Afghanistan will officially come to an end this year. But the mission is far from over. Whatever military ambitions that defined the war’s original name, “Operation Enduring Freedom,” have now been reduced to a far less ambitious—and more lasting—approach with the mission’s new name: “Operation Resolute Support.”
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Is Vice’s Documentary on ISIS Illegal?
That decision means, for example, that Jimmy Carter and his Carter Center could be in violation of federal law for giving peacemaking advice to groups on the State Department’s FTO list. Any private individual who coordinates with a group on that list, or a group that the individual ought to know engages in terrorism, with the purposes of providing it advice or assistance—even on how to pursue an end to its campaign of violence—is guilty of a crime by the logic of the Roberts Court. In the justices’ judgment, the government’s interest in delegitimizing and weakening any such group easily outweighs constitutional rights to speech and association.
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We Finally Have a Security Agreement With Afghanistan—What’s Next?
Approximately 9,800 soldiers are expected to stay in Afghanistan after the end of 2014, down from about 38,000 at the beginning of the year. By the end of 2015, that number will be cut in half to about 4,900, and soldiers will be located in two areas: the capital city of Kabul and Bagram Air Base, roughly an hour north of the capital.
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Pentagon says it will take years to retrain Iraqi forces. Why so long?
The assassination and intimidation campaign waged by Islamist militants, as well as the cronyism practiced by the former Iraqi prime minister, have led to an erosion of confidence, says the retired general who took command of the training effort for Iraqi security forces in 2007.
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Opinion: Training the Syrian Opposition: So, What’s The Plan?
Indeed, Syrian rebels are likely more motivated to fight Assad than to counter ISIL. Such an approach would require rehabilitating the Geneva process for a Syrian political transition and synchronizing the pace of opposition military gains with political negotiations. The Syrian opposition army would need more robust capabilities, deeper capacity, sustainment plans, and new doctrine to fight on multiple fronts and ensure that its successes endure — all of which necessitate a greater coalition commitment of trainers, advisors, funding, and equipment, not to mention political will.
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