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641 - 650 from 1018 . In "Opinion / OP-ED"
US withdrawal from Iran nuclear deal sparks diplomatic frenzy in Europe
US President Donald Trump’s decision to withdraw from the JCPOA nuclear deal with Iran has not only put the global oil market under pressure, increasing the possibilities of increased tension in the region, but has also put European leaders in the corner. Even though Washington’s decision to tear up the Iran nuclear deal has been expected since Trump’s election, European governments and the European Union seem to be taken by surprise.The threat of severe new US sanctions on Iran was already factored in by several sectors, such as financials and oil and gas, but the implementation of new and harsh sanctions on European or Asian companies still dealing with Iran has been a major slap in the face of US Western allies. At least that is what the media and government officials are saying...
May 19, 2018

US withdrawal from Iran nuclear deal sparks diplomatic frenzy in Europe

Solar power: The new Saudi oil
Unprecedented global attention is being paid to the memorandum of understanding to build the world’s largest solar power project in Saudi Arabia at a cost of $200 billion. An agreement to build the giant 200-gigawatt project was signed by Crown Prince Muhammad Bin Salman and SoftBank Group Corporation in New York in March.According to Quartz, an American economic website, the project is the biggest sign of Saudi Arabia’s practical moves to wean its economy off oil. It is certainly an important event and a historic point in the history of the Kingdom of Saudi Arabia. Many observers believe that the project is no less significant than the discovery of oil in Saudi Arabia.I believe that the multifaceted impacts of the “new Saudi oil” will be reflected in two key economic aspects:...
May 17, 2018

Solar power: The new Saudi oil

The Corporate Governance Law must apply to all joint stock companies
The Saudi Public Investment Fund (PIF) recently organized a workshop titled “Corporate governance of firms in which the PIF has a stake.” According to a report published by Okaz newspaper, the workshop was attended by representatives of the PIF in their capacity as members of the boards of directors of companies in which the Fund has made investments. The workshop, which was held in the presence of Yasir Al-Rumayyan, supervisor of the PIF, was aimed at raising awareness about the role of the PIF as an effective investor seeking to raise the level of corporate governance of the companies in which the Fund has a stake. This is through striving to apply the best local and international standards to achieve the PIF’s objectives of maximizing its assets, launching new sectors and building...
May 16, 2018

The Corporate Governance Law must apply to all joint stock companies

Serving the Israeli cause
The United States has proven that it cannot play the part of an honest broker of peace in the Middle East. The last vestiges of a just and honorable policy expected from the US administration have all but evaporated. On Monday, 55 protesting Palestinians were murdered by the Israelis in cold blood, and the US quickly blocked the adoption of a United Nations Security Council statement that would have called for an independent probe into the violence and the massacre.By opening the newly relocated US embassy in the divided city of Jerusalem, and thus adding weight to Israel’s illegal occupation of that city, President Donald Trump has removed layers and layers of smooth talk about reaching a consensual agreement between Palestinian and Israeli factions and has awarded a plum to the...
May 16, 2018

Serving the Israeli cause

Out Iran... free Iran!
MANY wonder, what is the endgame with Iran? What does the United States want at the end of the day? What do Saudi Arabia and other Arab countries aim for? Why is Israel suddenly in the middle of the game? What are its ultimate goals? Does that mean Arabs are driven into a camp that includes the occupants of their Holy Land? Is it a part of so-called the “Deal of the Century”?Those are valid questions. For some reason, some observers suspect that the leaders of all the above nations don’t know what they are doing! Understandably, they might be worried about Iran’s ambitions and behaviors, but have no idea where their newfound resolve may lead to! Iran-bashing, some political analysts claim, became a popular trend, albeit with no comprehensive plan or final purpose.Reasons for such...
May 15, 2018

Out Iran... free Iran!

Greeting Ramadan with good deeds
GOD says in the Holy Qur’an, “The month of Ramadhan (is that) in which was revealed the Qur’an, a guidance for the people and clear proofs of guidance and criterion. So whoever sights (the new moon of) the month, let him fast it.” The days have gone by very fast and within days from now, we will greet the Holy Month of Ramadan.It just feels like yesterday that we were fasting and worshiping during the month of Ramadan. All the piety and good deeds seem still fresh despite the fact that nearly a year has passed. Now Ramadan is on our doorsteps. The Holy Month of Ramadan is the month of worship, mercy and the month we are supposed to forgive people for any mistake or harm they have done to us and, we apologize and seek forgiveness if we were the ones who committed mistakes or caused...
May 14, 2018

Greeting Ramadan with good deeds

Korea, Trump and Iran!
The leaders of the two Koreas — North and South — in their recent historic meeting pledged to end the formal state of war between the two countries after North Korea committed to completely abandon its nuclear program in a bid to bring peace to the peninsula.Seizing the opportunity, US President Donald Trump immediately began to capitalize on this development, furthering his political interests, especially after the South Korean leader claimed that President Trump was behind this historic achievement. Trump later told a cheering crowd of his supporters that he was “in charge of everything” over this historic achievement, making his supporters chant “Nobel, Nobel,” demanding Nobel Peace Prize for Trump.What is the actual outcome of what happened on the world stage? South Korea...
May 14, 2018

Korea, Trump and Iran!

We employ, but we do not own
My Turkish friend Orhan came to see me the other day. Accompanying him was Barakat, a diminutive and shabbily dressed Saudi with an impressive mustache that extended from ear to ear. Barakat had a problem they needed to air out.It so happened that a couple of days prior to their visit, Barakat’s Filipino maid had unexpectedly disappeared. His wife woke up one morning only to find the maid’s sleeping mat folded, and the front door unlocked. Her frantic calls to Barakat who was at work at the time brought him back rapidly to their apartment.After checking out their place for any missing items of value, Barakat sought to question some of the neighbors in the adjoining apartments. No one had observed anything. The building watchman was next, but he was of no help. He was busy around the...
May 09, 2018

We employ, but we do not own

Do we still need expats?
Saudi Arabia’s Minister of Economy and Planning Muhammad Al-Tuwaijri has affirmed that Saudization is a goal and that there can be no dispute about it. However, total Saudization of the labor market can only be achieved in a phased manner with an evaluation after each phase. He also highlighted the importance of addressing the tasattur (cover up) issue in a strategic way because of its economic, social and security impact on the nation.Minister Al-Tuwaijri made the remarks during a recent meeting with the chairman and members of the board of directors of the Riyadh Chamber of Commerce and Industry in the presence of a number of local businessmen at the chamber’s headquarters. According to a report published in Okaz newspaper, the minister stated that the private sector has prominence...
May 09, 2018

Do we still need expats?

Kingdom of Justice, equality and education!
“WHAT is all the fuss about corruption and education? Why suddenly the obsession with age-old problems? Is it a way to distract from real issues facing the country, such as the war in Yemen and the economic challenges at home?Questions like these are nagging not only in the foreign media, but Saudis, like Shagran Al-Rashedi of Sabaq News, are asking. “How does corruption, in its various forms, undermine social justice, leading to unjust distribution of wealth and to instability?” he asks.My take on the issue is: Corruption eats up the bases of any constitution, from family, tribe, society, up to state and world organizations. It may begin from the top or bottom of the structure, and eventually brings down the entire system.In time, corruption becomes an accepted culture and a way of...
May 08, 2018

Kingdom of Justice, equality and education!

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