Raheel boosts Riyadh’s anti-terrorism alliance

2017 ◽  
Keyword(s):  
Saudi Arabia ◽  
Middle Eastern ◽  
Arms Sales ◽  
Content Type ◽  
Military Alliance ◽  
Political Relations ◽  
Military Campaign ◽  
The Impact ◽  
At Home

Subject The impact of Raheel Sharif taking over as the head of the Saudi-led counterterrorism alliance Significance Pakistan’s retired chief of army staff General Raheel Sharif was last month appointed commander of the Saudi Arabia-led Islamic Military Alliance to Fight Terrorism, which now has 41 members. The appointment boosts the image of the Islamic Alliance at a time of limited progress on Saudi-Pakistan political relations and little clarity on the goals and strategy of the Alliance itself. Impacts Saudi-Pakistan military-to-military ties will develop, partly due to their longstanding defence pact and arms sales. Islamabad will continue to improve ties with Iran, even if that means somewhat alienating Riyadh. Pakistan’s army will avoid any Middle Eastern military campaign that could worsen Shia-Sunni divisions at home.

The impact of board composition and ownership structure on dividend payout policy: evidence from Saudi Arabia

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Helmi A. Boshnak
Keyword(s):  
Saudi Arabia ◽  
Ownership Structure ◽  
Dividend Policy ◽  
Payout Policy ◽  
Board Composition ◽  
Dividend Payout ◽  
Content Type ◽  
Listed Firms ◽  
Propensity To Pay ◽  
The Impact

PurposeThis study examines the impact of board composition and ownership structure variables on dividend payout policy in Saudi Arabian firms. In particular, it aims to determine the effect of board size, independence and meeting frequency, in addition to chief executive officer (CEO) duality, and state, institutional, managerial, family, and foreign ownership on both the propensity to pay dividends and dividend per share for Saudi-listed firms over the period 2016–2019.Design/methodology/approachThe paper captures dividend policy with two measures, propensity to pay dividends and dividend per share, and employs a range of regression methods (logistic, probit, ordinary least squares (OLS) and random effects regressions) along with a two-stage least squares (2SLS) model for robustness to account for heteroscedasticity, serial correlation and endogeneity issues. The data set is a large panel of 280 Saudi-listed firms over the period 2016 to 2019.FindingsThe results underline the importance of board composition and the ownership structure in explaining variations in dividend policy across Saudi firms. More specifically, there is a positive relationship between the propensity to pay dividends and board-meeting frequency, institutional ownership, firm profitability and firm age, while the degree of board independence, firm size and leverage exhibit a negative relation. Further, dividend per share is positively related to board meeting frequency, institutional ownership, foreign ownership, firm profitability and age, while it is negatively related to CEO duality, managerial ownership, and firm leverage. There is no evidence that family ownership exerts an impact on dividend payout policy in Saudi firms. The findings of this study support agency, signalling, substitute and outcome theories of dividend policy.Research limitations/implicationsThis study offers an important insight into the board characteristic and ownership structure drivers of dividend policy in the context of an emerging market. Moreover, the study has important implications for firms, managers, investors, policymakers, and regulators in Saudi Arabia.Originality/valueThis paper contributes to the existing literature by providing evidence on four board and five ownership characteristic drivers of dividend policy in Saudi Arabia as an emerging stock market, thereby improving on less comprehensive previous studies. The study recommends that investors consider board composition and ownership structure characteristics of firms as key drivers of dividend policy when making stock investment decisions to inform them about the propensity of investee firms to pay dividends and maintain a given dividend policy.

The moderating effect of culture on the relationship between accountability and professional scepticism

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Medhat Endrawes ◽  
Shane Leong ◽  
Kenan M. Matawie
Keyword(s):  
Cultural Values ◽  
Design Methodology ◽  
Middle Eastern ◽  
Cognitive Effort ◽  
Planning Stage ◽  
Content Type ◽  
Big 4 ◽  
Prior Literature ◽  
The Impact ◽  
The Relationship

Purpose This study aims to examine whether accountability and culture have an impact on auditors’ professional scepticism. It also examines whether culture moderates the effect of accountability on auditors’ professional scepticism. Design/methodology/approach Three of the Big 4 firms in Australia and Egypt participated in an audit judgement experiment, which required them to indicate their beliefs about the risk of fraud and error at the planning stage of a hypothetical audit and evaluate the truthfulness of explanations provided by the client management. The authors examined whether their professional scepticism was influenced by accountability. Findings The results indicate professional scepticism differs significantly between cultures in some situations. The fact that culture influences scepticism suggests that even when auditors use the same standards (such as ISA 240 and ISA 600), they are likely to be applied inconsistently, even within the same firm. The authors, therefore, recommend that international bodies issue additional guidance on cultural values and consider these cultural differences when designing or adopting auditing standards. Originality/value To the best of the authors’ knowledge, this is the first study that examines whether culture moderates the impact of accountability on auditors’ professional scepticism using Egyptian and Australian (Middle Eastern and Western) auditors. Prior literature suggests that individuals subject to accountability pressure increase their cognitive effort and vigilance to detect fraud and error. As the authors find evidence that culture moderates accountability pressure and as accountability affects scepticism, they add to the literature suggesting that culture can influence professional scepticism.

Are Islamic financial institutions more resilient against the COVID-19 pandemic in the GCC countries?

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Erhan Akkas ◽  
Hazem Al Samman
Keyword(s):  
Saudi Arabia ◽  
Phase Analysis ◽  
Financial Institutions ◽  
Random Effect Model ◽  
Second Phase ◽  
Content Type ◽  
Gcc Countries ◽  
Effect Model ◽  
Islamic Financial Institutions ◽  
The Impact

Purpose This paper aims to investigate and provide an objective appraisal of the impact of the COVID-19 outbreak on Islamic and conventional financial institutions and Islamic windows in the Gulf Cooperation Council (GCC) countries. Design/methodology/approach The panel data techniques are conducted country-wise in each financial institution type: random-effect model, fixed-effect model and Hausman test. Findings The results of the first phase analysis that extends from 1 January 2020 to 30 October 2020 show that Islamic financial institutions are less exposed to the repercussions of the COVID-19 outbreak than the conventional and Islamic window financial institutions in Bahrain, Oman, Qatar, Saudi Arabia and UAE. Moreover, the Islamic financial institutions in Saudi Arabia and Oman have not been affected by the COVID-19 outbreak. The second phase analysis for the COVID-19 outbreak that extends from 1 November 2020 to 17 March 2021 confirms the disappearance of the negative impact of COVID-19 on Islamic financial institutions in Bahrain and Oman. Practical implications The findings present that Islamic banks are not as resilient in the COVID-19 pandemic as in the 2008 financial crisis. It can be suggested that regulatory authorities, financial institutions and other key policymakers in the GCC countries should focus on implementing regulatory reforms related to human capital, innovative products, research and development to further develop individuals, societies and institutions within the framework of Islamic ontology to be more resilient in such crises. Originality/value This paper provides a different perspective from existing literature on the pandemics and financial institutions by comparing the stock prices in Islamic and conventional financial institutions and Islamic windows in GCC countries during the COVID-19 pandemic. Therefore, this paper should be considered as a contribution to filling a gap in the literature.

Parametric study of the impact of building envelope systems on embodied and operational carbon of residential buildings

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Amneh Hamida ◽  
Abdulsalam Alsudairi ◽  
Khalid Alshaibani ◽  
Othman Alshamrani
Keyword(s):  
Saudi Arabia ◽  
Residential Buildings ◽  
Building Envelope ◽  
Base Case ◽  
Content Type ◽  
Embodied Carbon ◽  
Block Wall ◽  
Shading Device ◽  
The Impact ◽  
Total Life

PurposeBuildings are responsible for the consumption of around 40% of energy in the world and account for one-third of greenhouses gas emissions. In Saudi Arabia, residential buildings consume half of total energy among other building sectors. This study aims to explore the impact of sixteen envelope variables on the operational and embodied carbon of a typical Saudi house with over 20 years of operation.Design/methodology/approachA simulation approach has been adopted to examine the effects of envelope variables including external wall type, roof type, glazing type, window to wall ratio (WWR) and shading device. To model the building and define the envelope materials and quantify the annual energy consumption, DesignBuilder software was used. Following modelling, operational carbon was calculated. A “cradle-to-gate” approach was adopted to assess embodied carbon during the production of materials for the envelope variables based on the Inventory of Carbon Energy database.FindingsThe results showed that operational carbon represented 90% of total life cycle carbon, whilst embodied carbon accounted for 10%. The sensitivity analysis revealed that 25% WWR contributes to a significant increase in operational carbon by 47.4%. Additionally, the efficient block wall with marble has a major embodiment of carbon greater than the base case by 10.7%.Research limitations/implicationsThis study is a contribution to the field of calculating the embodied and operational carbon emissions of a residential unit. Besides, it provides an examination of the impact of each envelope variable on both embodied and operational carbon. This study is limited by the impact of sixteen envelope variables on the embodied as well as operational carbon.Originality/valueThis study is the first attempt on investigating the effects of envelop variables on carbon footprint for residential buildings in Saudi Arabia.

The impact of religiosity on luxury brand consumption: the case of Saudi consumers

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Tagreed Saleh Abalkhail
Keyword(s):  
Saudi Arabia ◽  
Design Methodology ◽  
Positive Relationship ◽  
Muslim Women ◽  
Capital City ◽  
Luxury Consumption ◽  
Content Type ◽  
Luxury Brand ◽  
Islamic Countries ◽  
The Impact

Purpose The purpose of this study was to examine the impact of religiosity on luxury brand consumption among Muslim women. Design/methodology/approach A total of 322 women were surveyed. Data was collected in the capital city of Saudi Arabia and assessed using SEM. Findings The findings revealed that religion impacts consumers’ attitudes towards luxury brand consumption. A positive relationship was found between attitude towards luxury and luxury consumption. Also, attitude towards luxury mediated the relation between religiosity and luxury consumption. Originality/value The study’s findings serve to remind the retailers in Islamic countries to keep in mind the importance of religion in consumers’ preferences and selections.

Why do consumers buy counterfeit luxury products? A tale of two major cities in two different countries

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Norizan M. Kassim ◽  
Mohamed Zain ◽  
Naima Bogari ◽  
Khurram Sharif
Keyword(s):  
Saudi Arabia ◽  
Social Status ◽  
Equation Modeling ◽  
Content Type ◽  
Status Consumption ◽  
Value Consciousness ◽  
Luxury Products ◽  
The Impact ◽  
The Relationship ◽  
Social Status Insecurity

PurposeThe purpose of this paper is to examine customer attitudes toward purchasing counterfeit luxury products (ATPCLP) in two cities in two different countries (Saudi Arabia and Malaysia) by testing the relationships between the various reasons for purchasing those products: social status insecurity, status consumption and value consciousness.Design/methodology/approachQuestionnaires were distributed conveniently to urban customers in Kuala Lumpur, Malaysia and Jeddah, Saudi Arabia. Altogether 658 useable questionnaires were collected and analyzed using descriptive statistics, general linear model of univariate analysis of variance and structural equation modeling.FindingsQuality, price, popularity and status signaling represent the main motivating factors for their brand choices of counterfeit luxury products among the two country groups of customers. As expected, customers' social status insecurity influences their ATPCLP, but not their status consumption. However, status consumption does positively moderates the relationship of their social status insecurity and their ATPCLP. Furthermore, customers' value consciousness influences their ATPCLP and moderates the relationship between status consumption and ATPCLP. The impact of status consumption on ATPCLP depends on the importance one places on the value of the products. However, the authors found no differences in social status insecurity, status consumption and value consciousness, on their ATPCLP among the customers. Some implications and limitations of the results are discussed.Research limitations/implicationsThe use of convenience sampling and mainly college students (in Saudi Arabia) as respondents represent the main limitations of this study.Practical implicationsThe practical implication of this study is to discourage the purchasing of counterfeit luxury products in their respective country Malaysian marketers need to stress that their genuine products are of top quality while Saudi marketers need to stress that their genuine products are of well-known brands that are sourced from well-known countries of origin. Besides, Malaysian marketers need to offer genuine products that are not overly priced or ones that indicate value-for-money while Saudi marketers need to convey the message that their genuine products could help enhance or uplift their customers' social status. In this study, the authors did not find any support for differences in ATPCLP between the two rather different Muslim-majority countries. This could be due to the fact that the majority of the respondents were females in their mid-20s and that both countries have a growing number of young customer base, which makes them particularly attractive target customers for branded/luxury products and, at the same time, easy preys to luxury products counterfeiters. This implies that there are still more opportunities for academics to study the topic or related topics in the future.Originality/valueAs far as the authors know, no one has undertaken a comparative study involving two very different Islamic majority countries (more conservative mono-cultural and mono-ethnicity Saudi Arabia versus less conservative multicultural and multi-ethnicity Malaysia) before.

Decision-making method for evaluating solar desalination options: the case of Saudi Arabia

2019 ◽  
Vol 11 (3) ◽  
pp. 343-356
Author(s):  
Sa'd Shannak ◽  
Malak Alnory
Keyword(s):  
Saudi Arabia ◽  
Solar Energy ◽  
Water Desalination ◽  
Economies Of Scope ◽  
Base Case ◽  
Analysis Model ◽  
Content Type ◽  
Desalination Plants ◽  
The Impact ◽  
Solar Generation

Purpose Solar as an energy source has a massive potential to reduce dependence on fossil fuels in Gulf Countries (GC). One attractive application of solar energy is solar-powered desalination, which is a viable method to produce fresh water. The most significant factor determining the potential deployment of this application is economics. Design/methodology/approach In this study, the classical economic analysis model has been modified to assess the penetration of solar technology to power desalination plants at different periods during the project lifetime. Furthermore, the environmental and financial values were combined to assess the incentive of powering desalination plants with solar energy in Saudi Arabia. Three systems of solar technologies accompanied with water desalination based on technical applicability were modeled and economically analyzed to understand the impact of various design and operation parameters. Findings This study shows that PV-RO is currently more competitive at both market and administrated prices in Saudi Arabia, followed by the MED-CSP system and finally CSP-RO system. CSP-RO system starts to generate positive surplus after 11 years, while the base case shows no positive surplus at all during the entire lifetime. Moreover, the same trend continues to hold with MED-CSP and PV-RO systems. The MED-CSP generates positive surplus after six years and PV-RO after five years only. On average, it takes eight years for a project running based on solar (CAPEX and OPEX) and desalination OPEX to generate positive cash surplus. Originality/value This paper discusses the debate about incentives for renewable energy in GC and the impact of coupling water production and solar generation. Given that there is no analytical framework built earlier, this paper provides an alternative methodology for policy analysis to understand the role of economies of scope to incentivize solar generation. In other words, the authors are investigating options to reduce the total cost of solar production as a result of increasing the number of different goods produced.

Significant household factors that influence an IT employees’ job effectiveness while on work from home

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Vivek Sridhar ◽  
Sanjay Bhattacharya
Keyword(s):  
Work Experience ◽  
Content Type ◽  
Factors Affecting ◽  
Job Effectiveness ◽  
Household Factors ◽  
Work From Home ◽  
It Employees ◽  
To Come ◽  
The Impact ◽  
At Home

Purpose The purpose of this study is to find out the significant factor/s relating to an information technology (IT) employee’s household that determines the job effectiveness of an employee. Design/methodology/approach The approach involves surveying IT employees from across levels of work-experience, companies and cities on household factors that affect their job effectiveness while they work from home and uses discriminant analysis to find out important factor/s that determines if an employee’s job effectiveness remains constant or is better at the workplace that at home. Findings The number of elderly staying in the house, age of the eldest member of the household, observable power cuts at home and number of cars owned by individuals were found to be significant factors affecting an IT employees’ job effectiveness. Originality/value The study targets a very niche area of the impact of household factors on an IT employee. The findings of this research enable IT organizations from India with insights and enable them to come up with innovative interventions to manage employees on a personalized basis to improve an employees’ job effectiveness and drive organizational effectiveness on a whole, during and post the COVID-19 pandemic.

OPEC quotas may have small impact

2016 ◽  
Keyword(s):  
Saudi Arabia ◽  
Oil Production ◽  
Change Strategy ◽  
Content Type ◽  
Small Impact ◽  
Future Action ◽  
The Us ◽  
Policy Direction ◽  
The Impact

Significance OPEC's decision to try to agree new quotas for its members, albeit with key exemptions, suggests a fragile consensus is growing around a change in policy direction towards cooperation. Impacts Perceptions will strengthen that Saudi Arabia is prepared to change strategy. A framework and platform for future action should allow OPEC to reassert its cartel position. Agreement on quotas is unlikely to reduce export volumes much, limiting the impact on prices. The prospect of a deal will see further additions to the US rig count, with implications for US oil production in 2017. If prices rise, encouraging more investment, and Libyan and Nigerian output recovers, OPEC output could rise even if quotas are imposed.

Tehran and Muscat could deepen economic ties

2017 ◽  
Keyword(s):  
Saudi Arabia ◽  
Political Agenda ◽  
The Political ◽  
Economic Diversification ◽  
Content Type ◽  
Economic Relations ◽  
Military Alliance ◽  
Gcc Countries ◽  
Financial Benefits ◽  
Economic Ties

Significance Oman has historically maintained strong business and diplomatic links with Iran, cutting across the anti-Iranian political agenda pressed by Saudi Arabia on the other Gulf Cooperation Council (GCC) countries. Economic relations are now more important for Muscat than Tehran, while the political ties are most useful for Iranian foreign policy. However, Oman in January 2017 joined the Saudi-led Islamic Military Alliance to Fight Terrorism, comprising 40 countries excluding Iran and Iraq. Impacts Oman’s urgent need for economic diversification will broaden its search for economic partners. If the Iran-Saudi Arabia regional confrontation worsens, Oman’s midway stance could be tilted by financial benefits from either side. In case of a serious Washington-Tehran showdown, Muscat would maintain quiet links with Iran, but ultimately prioritise US relations.

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