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Deconstructed Podcast

Ukraine Ground Report

Humanitarian relief activist Amed Khan gives a firsthand account of his time in Ukraine.

The post On the Ground in Ukraine appeared first on The Intercept.

Business

Saudi Arabia’s Financial Market Ranks 3rd in G20 Competitiveness Indicators

RIYADH: Saudi Arabia’s financial market has advanced seven places to the third position in the competitiveness indicators among G20 nations this year, revealed Switzerland-based International Institute for Management Development in its latest report. According to the IMD World Competitiveness Yearbook for 2023, the Kingdom’s performance epitomizes the ongoing efforts of the Capital Market Authority to implement global best practices. 
Business

UAE Central Bank Predicts 4.3% Growth for Emirates in 2024

RIYADH: A rebound in oil and non-oil activities is expected to help the UAE maintain its projected growth rate of 4.3 percent in 2024, the latest quarterly report from the apex bank showed.     In its economic review report for the first quarter, the Central Bank of the UAE forecast the country’s oil and non-oil gross domestic product in 2024 will grow at 3.5 percent and 4.6 percent, respectively.
Business

TASI Market Cap Reaches $2.9tn with Strong Fundamentals: S&P

RIYADH: The market capitalization of the Tadawul All Share Index surged to over $2.9 trillion in June, up from $420 million in 2015, according to a report by S&P Global Ratings.   The firm suggested that the increase indicates solid economic fundamentals and positive investor sentiment in Saudi Arabia. Tadawul and the Capital Market Authority have launched several initiatives to expand the capital market in recent years as the Kingdom seeks to diversify its economy in line with the Vision 2030 initiative. 
Business

“April imports to Saudi Arabia decrease by 16.1% to $15.4bn”

RIYADH: Saudi Arabia’s merchandise imports decreased 16.1 percent to SR57.9 billion ($15.4 billion) in April 2023 compared to SR69 billion in March 2023, according to the latest data released by the General Authority for Statistics.  However, the Kingdom’s merchandise imports increased by 1 percent in April 2023 compared to SR57.3 million in April 2022. According to the report, overall merchandise exports decreased 25.2 percent to SR103 billion in April 2023 compared to SR137.7 billion in the same month last year.
Business

74% of Saudi CEOs Confident in Kingdom’s Growth for Next 3 Years: KPMG

RIYADH: A vast majority CEOs in Saudi Arabia are confident about the Kingdom’s economic growth over the next three years despite the prevalent inflationary pressures and geopolitical tensions, revealed a global survey by KPMG.  The global professional services network, in its latest CEO Outlook report, revealed that 74 percent of Saudi chief executives are optimistic about the economic growth of the Kingdom over the next three years, compared to just 60 percent who are confident about global progress. 
News

Jordanian World Bank Aid Program Algorithm Fails the Poorest

The algorithm used for the cash relief program is broken, a Human Rights Watch report found.

The post Algorithm Used in Jordanian World Bank Aid Program Stiffs the Poorest appeared first on The Intercept.

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Southern Lebanon calm amid talks on French peace plan and Israeli-US coordination

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BEIRUT: Discussions continued on Saturday about a French proposal designed to ease tensions and halt clashes between the Israeli army and Hezbollah along Lebanon’s southern border. Lebanese officials received an amended version of the proposal on Friday, which summarized meetings held by Stephane Sejourne, France’s foreign minister, in Lebanon and Israel. The proposal also aims to ensure the full implementation of UN Security Council Resolution 1701, which was adopted in 2006 with the aim of resolving the war that year between Israel and Hezbollah.

US Protests: Celebrated, Condemned, Welcomed, Muzzled | TOME

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Protests, hallmarks of US history, are also typically met with irritation.

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Palestinian doctor denied entry into France

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The surgeon who helped treat patients during Israel's war on Gaza was scheduled to speak at the French Senate.

Israeli official: Hamas demand for end to war ‘thwarting’ truce efforts

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JERUSALEM: A top Israeli official said Saturday that Hamas’s continued demand for a lasting ceasefire in the war in Gaza was stymying prospects of reaching a truce. “So far, Hamas has not given up its demand to end the war, thus thwarting the possibility of reaching an agreement,” the official told AFP on condition of anonymity. The official rejected reports that Israel had agreed to end the war as part of a deal to free the hostages held by Gaza militants.

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KFC Malaysia closes outlets amid Gaza boycott

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Franchise operator cites 'challenging economic conditions' amid local reports linking closures to boycotts of Israel.

New Generation of Organized Labor Rises in US

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US experiencing the biggest strike wave in 50 years.

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