Engaging more Yemen actors may marginally help talks

Significance This follows a new wave of Huthi attacks on Saudi territory on November 20, and also coincides with an upsurge in fighting on the Marib, Ta'izz and Hodeida fronts. The escalation presents a challenge for new UN Special Envoy Hans Grundberg, who has launched a fresh push for peace. Impacts A continued stalemate will perpetuate economic deprivation and exposure to violence for most of the population. Military factions’ efforts to control humanitarian aid will further alienate funders and worsen suffering. Consultation with forces such as tribes and professional associations may help to make talks address deeper challenges facing civilians. Inclusion of ‘civil society’, defined as a discrete entity, risks creating distorted incentives and fake organisations. Saudi Arabia will increase pressure on southern separatist leader Aidrous al-Zubaidi to cooperate with the Aden-based government.

Subject Iran's cyber capabilities. Significance Tehran has invested in its technology sector in recent years to become one of the world’s most cyber-capable nations. Though perhaps not on the same level as China and Russia, it is not far behind. Iranian hackers have carried out successful attacks in a number of countries, including Saudi Arabia and the United States. Impacts Saudi Arabia is Iran’s primary target for cyber operations, followed by Saudi supporters such as the United Arab Emirates and Bahrain. Iran will augment its own cyber warfare capabilities through proxies such as the 'Syrian Electronic Army'. US reversals over the nuclear deal may lead Iran to unleash a new wave of cyberattacks against US interests.


Subject Gender rights movements. Significance Since 2017, a new wave of the fight for gender equality has spread globally as activists share tactics and build transnational networks through social media. From the online #MeToo Movement to massive women’s strikes, demands to end sexual harassment and violence are already leading to cultural shifts and a barrage of new legislation. Despite backlash, and disruption due to the COVID-19 pandemic, the global gender rights movement will give rise to significant legal, social and political change. Impacts Governments globally will see greater civil society pressure to pass new legislation on sexual violence and harassment. Companies will be required to abide by new regulations governing harassment and equal pay in a growing number of countries. COVID-19 will temporarily slow organising efforts, but in the long term bring new allies to the movement.


Significance He insisted the Saudi-led military coalition, which backs internationally recognised President Abd Rabbu Mansur Hadi, must first end its blockade. Fighting has intensified in recent weeks: the Huthis have conducting missile attacks on Saudi Arabia and Riyadh yesterday launching heavy air strikes against a major Huthi advance in oil-rich Marib. Impacts Armed conflict and blockade measures will cause continuing economic and humanitarian hardship. The ongoing global fallout from the COVID-19 pandemic will further reduce international attention on Yemen. Pressure will mount for greater civil society inclusion in peace talks, though mechanisms for this will be highly controversial. Appointment of a new UN Yemen envoy soon (as the incumbent has been three years in office, with poor Sana’a ties) may shift talks dynamics.


Subject Sudan's foreign relations. Significance As aftershocks from the Gulf crisis ripple across the Horn of Africa, Sudan appears to be playing a dangerous strategic game. Recent months have seen Sudan seek deals with Turkey and Qatar, as well as Saudi Arabia and the United Arab Emirates (UAE), even as these extra-regional powers are locked in a fractious rivalry that is playing out in Africa as a contest for influence. Impacts Even with external support, Sudan’s economic crisis is unlikely to ease quickly. Economic tensions may explode into a new wave of popular anti-government protests. Mismanagement and corruption will remain serious obstacles to wider investment and business in Sudan.


Significance Uncollected waste has been piling up in the capital since the country's largest landfill closed on July 17. Prime Minister Tammam Salam has threatened to resign over the crisis, which has also seen mass protests organised by civil society groups. The protests raise questions over Lebanon's resilience in the face of domestic political paralysis and regional turmoil. Impacts Protest escalation could force resignation of prime minister or individual ministers, and throw Lebanon into a constitutional crisis. Destabilisation of the state could encourage Sunni militants to seek to control areas in Tripoli, the north and the Beka'a Valley. Turmoil in Lebanon could distract Hezbollah from its war effort in Syria, thereby weakening Syrian regime's territorial control. A political crisis in Lebanon would heighten regional tensions between Iran and Saudi Arabia.


Significance Although President Cyril Ramaphosa has publicly committed to increase funding to combat what he calls South Africa’s “second pandemic”, there is a lack of transparency in how the government disburses funds linked to its National Strategic Plan (NSP) on Gender-based Violence and Femicide. Impacts Civil society groups will increase pressure on the government to make expenditure on GBV programmes more transparent. A new private-sector fund to contribute to the NSP has received strong early support, but its management structure is opaque. High levels of GBV will not only have significant humanitarian and social costs but may deter much-needed foreign investment.


Significance However, criticisms of the government’s attitude towards the deal are mounting, among the peace agreement’s signatories as well as international actors. Impacts Non-signatory groups are unlikely to join the deal, but some individuals or sub-groups may be co-opted with offers of money or positions. A UN arms embargo and US and European targeted sanctions will be maintained. Assessed humanitarian aid needs will remain high.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ibrahim El-Sayed Ebaid

Purpose Undergraduate accounting program at Umm Al-Qura University in Saudi Arabia is a unique case. The program includes 147 credit hours of which 28 credit hours are religious courses. This study aims to examine the effect of teaching these religious courses on students’ ethical perceptions and decisions. Design/methodology/approach A survey was conducted for a sample of accounting students at Umm Al-Qura University. The sample was divided into two groups; the first group includes students who did not study religious courses, while the second group includes students who study religious courses. The questionnaire contained three groups of questions that aimed to explore students’ perceptions of ethics in general, students’ perceptions of business ethics and explored their ethical attitudes regarding some accounting decisions that involve ethical dilemmas. Independent two-sample t-test and multiple regression analysis were used to determine whether the responses of the two groups were significantly different. Findings The findings of the study revealed that teaching religious courses led to an improvement in students’ perception of business ethics and an improvement in students’ ethical decision-making. However, the results of the independent sample t-test showed that this improvement was not significant. The results of the study also revealed that male students tend to make less ethical decisions than female students. Research limitations/implications The findings offer an indication for those responsible for managing the accounting program at Umm Al-Qura University to start developing the program so that some of the general religious courses are replaced with specialized courses in accounting ethics that focus directly on ethical dilemmas faced by the accountant when practicing the accounting profession. Originality/value This study contributes to the current literature related to examining the effect of teaching ethics courses on the ethical perception of accounting students by focusing on accounting students in Saudi Arabia as a context that has not been examined before.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Helmi A. Boshnak

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.


Keyword(s):  

Headline SAUDI ARABIA/US: Anger risks long-term pushback


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