SUSRIS Daily News – Excerpts from International Media Reports
/Provided as a service from the Saudi-US Trade Group, Washington, DC
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News-2012-12-24
‘Fundamental factors like demographics, the robustness of its financial institutions, a very healthy economic outlook and steady growth continue to position the Kingdom as a leading PE destination,’ he noted. Phil Gandier, the Mena head of Transaction Advisory Services at E&Y, hosted a …
Expatriates moving to Riyadh, the capital of the Middle East\’s largest economy, face long waits for places in housing compounds where rents have risen by more than 10 percent a year for the past four years, according to property consultants Jones Lang LaSalle. Most better-paid expatriates …
Saudi Arabia’s economy grew by nearly six percent in the third quarter, driven by the Gulf kingdom’s non-oil sectors, Jadwa Investment has said.It said the latest economic growth data released confirms that the ‘healthy performance’ of the Saudi economy continued into Q3.In real terms – …
People who have seen this sort of cycle before know how it typically ends. The nominee becomes ‘damaged’ or ‘toxic’ or ‘too hot to handle’ or merely ‘embattled’ or ‘controversial.’ An administration that has to choose its battles, chooses not to get messed up in one like this. That’s what …
Iran’s Ministry of Intelligence did something remarkable last month: It used its website to publish a report (link in Farsi) calling for direct talks with the country’s foe, the United States. In the report, entitled ‘The Zionist Regime’s Reasons and Obstacles for Attacking Iran,’ the …
I discovered the Instagram loophole in August 2012, when, as international sanctions began to bite and talk of war against Tehran mounted, I decided to make one last trip to the Islamic Republic of Iran — the country where I spent my adolescence — before all its splendor was potentially lost …
Turkey’s evolution since World War II suggests that the transition to upper-income status will require difficult political and socioeconomic adaptations. Indeed, to understand Turkey’s strengths and vulnerabilities, one must understand how the country has imperfectly bridged gaps between …
A Saudi Arabian blogger is set to go on trial charged with renouncing Islam and could face the death penalty. Raif Badawi, who started the Free Saudi Liberals website to discuss the role of religion in the country, was arrested in June. He was initially charged with the less serious …
Saudi-based consumer electronics retailer eXtra said on Sunday it was planning to raise its capital in a bid to fund expansion plans across the GCC.The company, also known as United Electronics Company, said in a statement that it plans to increase its share capital by 25 percent through bonus …
Two people were killed and dozens injured in a blaze Saturday at a petrochemical plant in the industrial city of Jubail, eastern Saudi Arabia, the local daily al-Yaum reported (
The revolution that began here two years ago with calls for justice and freedom has become a rout by Islamist forces that have racked up victory upon victory at the polls. But within Egypt and across the region, the real source of fears that the country is careening toward theocracy lies in …
n its latest report on the Saudi banking sector, NCB Capital, the GCC’s leading wealth manager and the Kingdom’s largest asset manager, noted that despite high provisioning, banks have maintained relatively high profitability for 2012E. ‘We revise our profit CAGR for 2011-16E down from 14.5% …
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