Saudi Arabia implemented over 600 reforms to improve business environment, says deputy minister

A total of 150 deals, valued at SR19 billion ($5 billion), were signed during the first half of 2022. File 
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Updated 11 August 2022
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Saudi Arabia implemented over 600 reforms to improve business environment, says deputy minister

RIYADH: Saudi Arabia has implemented over 600 structural and legislative reforms that contributed to accelerating and improving the country’s business environment, deputy minister at the Ministry of Investment told CNBC Arabia. 

Saad Al-Shahrani said (the reforms) included facilitating the procedures for issuing investment licenses, whether from inside or outside the Kingdom.

He noted that a total of 150 deals, valued at SR19 billion ($5 billion), were signed during the first half of 2022, reflecting the attractiveness of Saudi Arabia for investors. 

This comes as part of the ministry’s efforts to enhance the Kingdom’s competitiveness as a regional business hub through a series of incentives and initiatives, Al-Shahrani added. 


England captain says cricket match against Afghanistan should go ahead despite boycott calls

Updated 8 min 57 sec ago
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England captain says cricket match against Afghanistan should go ahead despite boycott calls

  • This month, over 160 UK politicians signed a letter arguing England should refuse to play ODI in Lahore
  • The proposed boycott is to take stand against Afghan Taliban regime’s crackdown on women’s rights 

LONDON: England captain Jos Buttler believes their Champions Trophy match against Afghanistan next month should go ahead despite calls for a boycott.

This month, more than 160 UK politicians signed a letter arguing that England should refuse to play the men’s one-day international in Lahore, Pakistan, on Feb. 26 to take a stand against the Taliban regime’s assault on women’s rights.

“Political situations like this, as a player you’re trying to be as informed as you can be,” Buttler was quoted as saying by British media ahead of his side’s first Twenty20 against India on Wednesday. “The experts know a lot more about it, so I’ve been trying to stay in dialogue with (England director of men’s cricket) Rob Key and the guys above to see how they see it. I don’t think a boycott is the way to go about it.”

Female participation in sport has effectively been outlawed since the Taliban’s return to power in 2021, a move that puts the Afghanistan Cricket Board in contravention of International Cricket Council rules.

“As a player, you don’t want political situations to affect sport,” Buttler added. “We hope to go to the Champions Trophy and play that game and have a really good tournament.”

At the 2003 Cricket World Cup, England forfeited a game against Zimbabwe in protest at Robert Mugabe’s regime.


Pakistan finmin discusses financial cooperation, banking sector partnerships with Saudi National Bank chairman

Updated 8 min 7 sec ago
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Pakistan finmin discusses financial cooperation, banking sector partnerships with Saudi National Bank chairman

  • Muhammad Aurangzeb meets SNB chairman at sidelines of World Economic Forum summit in Davos 
  • Pakistan’s finmin meets Egypt’s planning minister, discusses ongoing projects between two countries 

ISLAMABAD: Pakistan’s Finance Minister Muhammad Aurangzeb met Saudi National Bank Chairman Saeed bin Mohammed Al-Ghamdi on Tuesday to discuss financial cooperation and strengthening banking sector partnerships between the two countries, Pakistan’s finance ministry said. 

The meeting between the two officials took place during the sidelines of the World Economic Forum (WEF) summit in Davos, which will be held till Jan. 24 under the theme: ‘Collaboration for the Intelligent Age’.

Pakistan and Saudi Arabia are close regional partners and economic allies, with both countries signing 34 agreements worth $2.8 billion in October 2024. 

“The two leaders discussed potential financial cooperation between Pakistan and Saudi Arabia, particularly focusing on strengthening partnerships in the banking sector,” the finance ministry said in a statement. 

Aurangzeb briefed Ghamdi about Pakistan’s economic progress and the improvements made by the South Asian nation in its international financial rankings.

“Both sides expressed their commitment to further deepen economic ties for mutual benefit,” the ministry said. 

Meanwhile, the Saudi Export-Import Bank and Pakistan’s Bank Alfalah also signed a $15 million financing agreement, strengthening access to Pakistani markets and boosting trade and economic ties. 

Separately, Aurangzeb also met Egyptian Minister of Planning, Dr. Rania Al-Mashat at the sidelines of the summit. The two ministers discussed ongoing programs and projects between Pakistan and Egypt, the finance ministry said. 

“The two ministers agreed to continue discussions on economy and finance and learn from each other’s experiences,” the statement said. 


Trump tests whether a bulldozer can also be a peacemaker

US President Donald Trump speaks in the Roosevelt Room at the White House on January 21, 2025, in Washington, DC. (AFP)
Updated 14 min 48 sec ago
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Trump tests whether a bulldozer can also be a peacemaker

  • During his first stint in power, Trump ordered a strike that killed senior Iranian commander Qassem Soleimani and vowed confrontation with China

WASHINGTON: President Donald Trump has vowed to be a peacemaker in his new term, but his aggressive early actions threaten to alienate US friends in a way that could hinder his ambitions, experts say.
In an inaugural address on Monday, Trump said that his “proudest legacy will be that of a peacemaker and a unifier” and pointed to his support for a new ceasefire in Gaza.
Speaking to reporters as he returned to the White House after four years, Trump also suggested he would press Russia to make a deal to end its three-year invasion of Ukraine, quipping that President Vladimir Putin — with whom he had famously warm relations in the past — knows he is “destroying” his own country.
But in the throwback to the bedlam of his 2017-2021 term, Trump’s return was also consumed by rage over grievances at home, and the most memorable foreign-policy line of his inaugural address was a vow to take back the Panama Canal, which the United States returned in 1999 but where Trump charges that China has gained too strong a foothold.
Trump has also spoken of seizing Greenland from NATO ally Denmark, moved to send the military to the Mexican border to stop migration, vowed tariffs even against close allies and announced the withdrawal of the United States from the World Health Organization and Paris climate accord, both home to almost every other country.
“Trump’s worldview seems to be contradictory. He has a streak that is pro-peace and another streak which seems more confrontational and militarist,” said Benjamin Friedman, policy director at Defense Priorities, which advocates restraint.
During his first stint in power, Trump ordered a strike that killed senior Iranian commander Qassem Soleimani and vowed confrontation with China, although he also boasted of keeping US troops out of new wars and sought diplomacy with North Korea.
“In the first term, the more confrontational and militarist streak won out more often than not” on tension spots such as Iran, Friedman said.
This time, he said, at least on Ukraine and the Middle East, Trump appears to have shifted to a more progressive stance.
But on Latin America, and in his selection of aides with hawkish views on China, Trump remains hawkish, Friedman said.
He said that Trump essentially had a 19th-century philosophy in line with populist president Andrew Jackson, feeling a comfort with threatening the use of force to achieve national interests.
Such a way of thinking, for Trump, “isn’t consistent necessarily with being a peacemaker or a warmonger” but rather is a mix.

Trump made no clear mention of US allies on his inaugural day. In the past he has described NATO allies as freeloaders and pushed them to pay more for their own security.
However, Secretary of State Marco Rubio was meeting Tuesday with counterparts from Japan, India and Australia — the so-called Quad of democracies which China sees as an effort to contain its rise.
Jon Alterman, a senior vice president at the Center for Strategic and International Studies, said that Trump should be mindful of lessons from China, whose assertive “Wolf Warrior” diplomacy brought together a number of Asian countries on the receiving end.
“It would be a profound shift if the United States went from being seen as the principal provider of security to being the principal source on uncertainty,” Alterman said.
Trump, as he seeks to negotiate deals, “has an interest in keeping friendly countries on his side,” Alterman said.
Kori Schake, who served in senior defense planning roles under former president George W. Bush, said it was too early to tell the impact of Trump’s “chaos” on peacemaking and said that early actions could have been even more severe.
“But the actions he did take are still damaging. Withdrawing from the World Health Organization will give us less warning of emergent disease,” she said.
“Antagonizing Panama is counterproductive and will fan anti-Americanism throughout the hemisphere,” she said.
 

 


Trump’s UN pick blasts ‘anti-Semitic rot’ in world body

Updated 22 January 2025
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Trump’s UN pick blasts ‘anti-Semitic rot’ in world body

  • Stefanik was pushed on her views on the war in Gaza, and noted that she voted to defund UNRWA, the UN agency for Palestinian refugees

WASHINGTON: Donald Trump’s nominee to represent Washington at the United Nations railed against “anti-Semitic rot” in the global organization as she was grilled by senators at her confirmation hearing on Tuesday.
New York congresswoman Elize Stefanik noted that America contributes more to the UN than any other country and called for reform to ensure its tax dollars were not “propping up entities that are counter to American interests, anti-Semitic, or engaging in fraud, corruption or terrorism.”
A right-wing firebrand who was considered a moderate before the Trump era, Stefanik is seen as one of the most vocal supporters in Congress of both Israel and US Jewish causes.
“It’s one of the reasons why, in my conversation with President Trump, I was interested in this position — because if you look at the anti-Semitic rot within the United Nations, there are more resolutions targeting Israel than any other country, any other crisis, combined,” Stefanik told the Senate Committee on Foreign Relations.
Stefanik, 40, made the same criticism of the US higher education system as she touted her record of holding the feet of college administrators to the fire during aggressive questioning last year over anti-Semitism on campuses.
“My oversight work led to the most viewed testimony in the history of Congress,” she said.
“This hearing with university presidents was heard around the world and viewed billions of times, because it exposed the anti-Semitic rot in colleges and universities and was a watershed moment in American higher education.”
Stefanik was pushed on her views on the war in Gaza, and noted that she voted to defund UNRWA, the UN agency for Palestinian refugees. Former president Joe Biden halted its US funding over allegations that members were possibly involved in the October 7 Hamas attacks.
Stefanik also revealed that she agreed with far-right Israeli ministers who believe Israel has a “biblical right to the entire West Bank” — but avoided being pinned down on whether she supported Palestinian self-determination.
Pennsylvania’s John Fetterman is the only Democrat to have pledged his support for Stefanik, but others have indicated they may wave her through and she is expected to be confirmed with little drama in a vote of the full Senate.
“If confirmed, I will work to ensure that our mission to the United Nations serves the interest of the American people, and represents American President Trump’s America First, peace-through-strength foreign policy,” she said.

 


Australia probes possible foreign funding behind anti-Semitic attacks

Updated 22 January 2025
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Australia probes possible foreign funding behind anti-Semitic attacks

  • Vandals have in recent weeks torched a Sydney childcare center, set cars ablaze in largely Jewish neighborhoods and splashed inner-city synagogues with red paint and graffiti

SYDNEY: Australia is investigating whether local criminals were paid by foreign actors to carry out a spate of anti-Semitic attacks, Prime Minister Anthony Albanese said Wednesday.
Vandals have in recent weeks torched a Sydney childcare center, set cars ablaze in largely Jewish neighborhoods and splashed inner-city synagogues with red paint and graffiti.
Masked arsonists firebombed a synagogue in the city of Melbourne in December.
Albanese said some of these attacks appeared to have been carried out by “paid actors.”
“Some of these are being perpetrated by people who don’t have a particular issue, aren’t motivated by an idealogy, but are paid actors,” he said.
“It’s unclear who or where the payments are coming from.”
Australian Federal Police commissioner Reece Kershaw said detectives were investigating whether cash to fund these attacks had flowed from “overseas.”
“We are looking into whether overseas actors or individuals have paid local criminals in Australia to carry out some of these crimes in our suburbs.”
Neither Albanese nor police offered any details about what evidence authorities may have collected, which foreign actors were under suspicion, or why they were supposedly involved.
Police on Wednesday charged a 33-year-old man with attempting to light a Sydney synagogue on fire.
Eight people were charged on Tuesday with a string of “hate crime-related incidents” dating back to November, police said.