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Saudi Arabia to Send Olympic Women Athletes for First Time
- July 12,2012
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- Lucien Zeigler
Saudi Arabia will send female athletes to the Olympic Games for the first time, the International Olympic Committee said, ending a ban by the kingdom where women aren’t allowed to drive. Wodjan Ali Seraj Abdulrahim Shahrkhani will compete in judo at the London Games and Sarah Attar will run the 800 meters. The athletes, who […]
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Saudi Arabia wins oil battle against Iran
- July 12,2012
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- SUSTG Team
It seems that the first round in the series of the ferocious battles between Iran and Saudi Arabia, the two giant oil-exporting countries, was settled in favor of the latter. The Kingdom continued to produce oil regardless of the Iranian threats warning the Kingdom against filling the shortage in oil supplies that might result from […]
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Saudi Mortgage Law Approved – Jadwa Flash Note
- July 3,2012
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- SUSTG Team
Jadwa Investments released a flash note discussing the recently approved mortgage law in Saudi Arabia, which the bank believes “is a very important step in broadening home ownership.” The new mortgage law “will help to tackle one of the most pressing social issues for many in the Kingdom and will generate significant benefits to the economy. However, […]
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The Ritz-Carlton in Riyadh is Arguably the World’s Nicest Hotel
- July 2,2012
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- Lucien Zeigler
If you look at pictures of the new Ritz Carlton, it might not look like it belongs in Riyadh, the capital of Saudi Arabia. Not because the arguably world’s nicest hotel isn’t worthy for the Kingdom, but because the style of the hotel makes it look like a king’s palace in old Europe, with a […]
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Sulaiman Al-Rajhi’s life a rags to riches story
- June 30,2012
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- Lucien Zeigler
Al-Rajhi is a billionaire who chose last year to become a poor man at his own will without having any cash or real estates or stocks that he owned earlier. He became penniless after transferring all his assets among his children and set aside the rest for endowments. In recognition of his outstanding work to […]
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Saudi car sector to accelerate
- June 20,2012
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- SUSTG Team
Strong fundamentals coupled with a rapidly growing young population made Saudi Arabia the largest importer of vehicles and automotive parts in the Middle East in 2011, with the pace seen accelerating in the medium term, the National Commercial Bank said in its report on the Kingdom’s automotive sector released Wednesday. It noted that rising income […]
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The Importance of Economic Diversification for Saudi Arabia
- June 20,2012
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- SUSTG Team
In a clear break from past trends, Saudi Arabia’s private sector is growing. This trend can be in part explained by the increase in bank lending to private sector. In year-on-year terms, lending growth was at its highest since March 2009. More specifically, bank lending to private sector rose by 1.1 percent in April to […]
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Saudi Arabia remains largest takaful market
- June 13,2012
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- Lucien Zeigler
The global takaful industry has witnessed tremendous growth in the last decade, rapidly becoming an integral part of the mainstream financial system, with Saudi Arabia at the forefront, Ernst & Young executive said Wednesday at the opening of “The World takaful Conference: Asia Leaders Summit (WTC: ALS 2012)” at Hotel Istana, Kuala Lumpur. South East […]
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Jadwa Chartbook June 2012: Sectoral Performance
- June 13,2012
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- Lucien Zeigler
Riyadh-based Jadwa Investments recently released its June, 2012 Saudi ‘Chartbook’ which includes updates on the Saudi economy, trade, oil metrics as well as assessments of various sectors including banking, trade, and sectoral performance. Below is a snapshot of Jadwa’s analysis of the performance of Saudi Arabia’s main economic sectors. For the full Jadwa report, click […]
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Jadwa Chartbook June 2012: Trade
- June 7,2012
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- Lucien Zeigler
Riyadh-based Jadwa Investments recently released its June, 2012 Saudi ‘Chartbook’ which includes updates on the Saudi economy, trade, oil metrics as well as assessments of various sectors including banking. Below is a snapshot of Jadwa’s analysis of Saudi imports and exports and letters of credit.
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MUST-READS
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Banned in Kuwait and Lebanon, Saudis enjoy ‘Death on the Nile’ at the Kingdom’s recently opened cinemas
As several countries in the Arab world like Lebanon and Kuwait took measures to ban ‘Death on the Nile’ for starring Israeli actress Gal Gadot, Saudis got to line up for the film in their newly opened, minted cinemas.
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World Bank Group Commends the Kingdom’s Efforts in Distance Learning
The World Bank reviewed the experience of the Kingdom and the Ministry of Education's efforts, which extended from the kindergarten stage to the secondary stage, including views of school principals, teachers, students, parents and supervisors in schools.
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Six Indian schoolgirls are protesting a hijab ban on their campus
In the southern state of Karnataka, protests have erupted in colleges and schools over the right of female students to wear the hijab. In December 2021, six students at Udupi Pre-University (PU) College were asked to remove their headscarves before attending classes.
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Lebanon’s Hezbollah chief describes Kuwaiti proposals to Lebanon as ‘dictates’
The head of Lebanon's Iran-backed Hezbollah group on Tuesday described as "dictates" a recent Kuwaiti list of proposals aimed at repairing Lebanon's ties with Gulf Arab nations, strained largely over what the say is Hezbollah's growing influence. "Lebanon is a sovereign country and should not be sent dictates," Hassan Nasrallah said in an interview on Arabic-language Iranian TV channel Al Alam when asked to comment on the proposals.
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Vatican envoy accuses Lebanese politicians of profiting from country’s suffering | Reuters
Archbishop Paul Gallagher's remarks come one week after the World Bank blasted Lebanon's ruling class for "orchestrating" one of the world's worst national economic depressions due to their exploitative grip on resources.
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Deutsche Bank Hires Credit Suisse’s Wealth-Manager Trio to Woo Saudi Ultra-Rich
Global banks are vying for a greater share of the wealth created in recent years, driving fierce competition for advisers who can bring billions of dollars in client assets. Saudi Arabia was among a handful of countries globally in 2020 that saw a double-digit percentage increase in their numbers of ultra-high net worth individuals, according to Knight Frank’s Wealth Report.
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Afghanistan’s Taliban told they can’t take their guns to the funfair
Taliban fighters, many of whom have spent most of their lives in a 20-year insurgency against a U.S.-backed government, flocked to amusement parks in Afghan cities in towns after they took over in August.
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ACWA Power signs MoU with Saudi EXIM Bank
ACWA Power,a leading developer, investor and operator of power generation, desalinated water and green hydrogen plants, signed a Memorandum of Understanding (MoU) with Saudi Export-Import Bank (Saudi EXIM), in an extensive agreement that involves knowledge transfer in the realm of credit issuance, with the objective of facilitating and growing Saudi exports and overseas investments by Saudi institutions and organisations.
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Lebanon plan sees 93% currency slide, turns bulk of FX deposits to pounds
The plan, based on Sept 2021 data, foresees an exchange rate of 20,000 pounds per dollar, compared to the official rate of 1,500, which the government has yet to adjust even as the central bank has applied an array of higher rates. Unifying the exchange rate is an IMF policy recommendation.
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The Taliban’s religious roadmap for Afghanistan
Historically, as Sunni Muslims, the Taliban’s main reference point has been the Deobandi school, a variant of Hanafi Islam founded in the mid-19th century. While most Afghans follow Sunni Hanafi Islam, Talibanism is a shift away from traditional Deobandism and toward a more tailored and unwritten mixture of puritanical beliefs wrapped in Islamic sharia.
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