Saudi Govt. Bodies to Deploy Int’l Foreign Expertise

The General Authority for Statistics (GASTAT) appoints Dr. Konrad Pesendorfer as president to transform it into a world-class Statistical Authority. Asharq Al-Awsat Arabic
The General Authority for Statistics (GASTAT) appoints Dr. Konrad Pesendorfer as president to transform it into a world-class Statistical Authority. Asharq Al-Awsat Arabic
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Saudi Govt. Bodies to Deploy Int’l Foreign Expertise

The General Authority for Statistics (GASTAT) appoints Dr. Konrad Pesendorfer as president to transform it into a world-class Statistical Authority. Asharq Al-Awsat Arabic
The General Authority for Statistics (GASTAT) appoints Dr. Konrad Pesendorfer as president to transform it into a world-class Statistical Authority. Asharq Al-Awsat Arabic

Saudi Arabia intends to benefit from foreign expertise on the level of government bodies in an effort to develop government performance and upscale it to advanced levels.

The General Authority for Statistics (GASTAT) announced in an official statement that the Board of Directors, under the chairmanship of Finance Minister Mohammed al-Jadaan, appointed Dr. Konrad Pesendorfer as president of the General Authority for Statistics.

According to GASTAT, Dr. Konrad will be working alongside with GASTAT’s team of national caliber to improve and oversee the statistical work, and to achieve GASTAT’s transformation goals by turning it into a world-class Statistical Authority capable of fulfilling its roles and functions like its counterparts of the G20 countries; by adopting the best international practices used at the Organization for Economic Cooperation and Development (OECD).

This decision by GASTAT’s Board of Directors is to stress on efforts made towards achieving The National Strategy for Statistical Development that was approved by the Cabinet of Ministers in 2019.

This strategy seeks to develop and enhance the statistical work in Saudi Arabia, and ensure its sustainability in providing accurate statistical data at the right time that can be available to researchers, decision makers, and investors.

This will achieve the collaboration that is compatible with the data and information policies in Saudi Arabia that attains a high level of transparency and integration, and fulfills all efforts related to the statistical field.

Pesendorfer was appointed as GASTAT’s president after he worked as an acting president since last January. His appointment is comparable to other international appointments that have achieved remarkable success. He is one of the world’s prominent experts in managing statistical organizations.

Dr. Konrad was the director general of Statistics Austria from 2010 until 2019 and represented Austria in the European Statistical System Committee (ESSC), the top decision-making body of the European Statistical System, where the heads of European Statistical Institutes and Eurostat gather regularly.

He was also appointed as the Chairman of the Committee for Statistics and Statistical Policy of the Organization for Economic Cooperation and Development (OECD) in 2016.

Pesendorfer was also the co-chair of the Board of Directors of the International Comparison Program of the United Nations and the World Bank (with India), and Counselor to the Executive Board of the European Central Bank in Frankfurt before.

Dr. Konrad holds PhD in economics from the Vienna University of Economics and Business Administration. In addition, he was lecturer on international economics at the H.E.C. Business School in Paris and at the Institut d’Etudes Politiques de Paris (Sciences Po) in Paris.

The appointment of Dr. Konrad for this position is consistent with other international experiences in enhancing the statistical work and attracting international experts, like the appointment of New Zealand’s former government statistician Leonard Warren Cook as director of the National Statistics Office in the United Kingdom and the appointment of Mark Carney as the governor of the British Central Bank in 2008.

This illustrates that experience exchange practices used worldwide are effective in closing the knowledge gap and bringing outstanding experiences.

With its G20 presidency, Saudi Arabia aims to achieve strategic goals in developing its economic and developmental system in order to strengthen its position among top economies in the world.

The GASTAT, within the National Strategy for Statistical Development framework will work to link between different government and private entities, to develop national human capital at all levels, and to improve the technical environment supporting statistical work.

GASTAT will also adopt the best global experiences that will contribute to achieving the maturity if statistical data sector; and will work jointly with national universities and relevant educational institutions to build a specialized statistical generation through training national caliber who will lead the statistical work in the Kingdom in future.



Trump Hits Back at Canada after Retaliatory Tariffs Announcement

(COMBO) This combination of pictures created on August 22, 2026 shows US President Donald Trump in Washington, DC, on July 13, 2026 and Canadian Prime Minister Mark Carney on August 22, 2026. (Photo by SAUL LOEB and Dave Chan / AFP)
(COMBO) This combination of pictures created on August 22, 2026 shows US President Donald Trump in Washington, DC, on July 13, 2026 and Canadian Prime Minister Mark Carney on August 22, 2026. (Photo by SAUL LOEB and Dave Chan / AFP)
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Trump Hits Back at Canada after Retaliatory Tariffs Announcement

(COMBO) This combination of pictures created on August 22, 2026 shows US President Donald Trump in Washington, DC, on July 13, 2026 and Canadian Prime Minister Mark Carney on August 22, 2026. (Photo by SAUL LOEB and Dave Chan / AFP)
(COMBO) This combination of pictures created on August 22, 2026 shows US President Donald Trump in Washington, DC, on July 13, 2026 and Canadian Prime Minister Mark Carney on August 22, 2026. (Photo by SAUL LOEB and Dave Chan / AFP)

US President Donald Trump hit back at Canada on Sunday after Prime Minister Mark Carney announced retaliatory tariffs on the United States following a breakdown in trade negotiations.

"Canada wants the benefits of being a State, without being one!!!" Trump said in a post on Truth Social.

"They have also charged our great farmers, for many years, massive amounts of Tariffs. No more!!!" he said.

Carney said Saturday that new Canadian tariffs would take effect on September 8, notably targeting the US steel and dairy industries.

New 50-percent US tariffs impacting about $20 billion worth of goods, or 5.5 percent of Canadian exports to the US, came into force Saturday.

Trump had previously said Washington "should be able to have a deal with Canada," citing his "good relationship" with Carney.

But on Saturday, Canada's prime minister said Trump set conditions that were ultimately unacceptable even though earlier talks had been positive.

"In recent days, the United States proposed new terms that were uneconomic, unfair and undermined the net benefits for Canada, and called into question the reliability of any deal," Carney said in Ottawa.

"We cannot accept what they've offered, and we will not give what they've asked."


Alibaba Proposes Hong Kong Share Placement Worth $10 Billion

FILE PHOTO: People visit an Alibaba booth during the World Artificial Intelligence Conference in Shanghai, China July 26, 2025.  REUTERS/Go Nakamura/File Photo/File Photo
FILE PHOTO: People visit an Alibaba booth during the World Artificial Intelligence Conference in Shanghai, China July 26, 2025. REUTERS/Go Nakamura/File Photo/File Photo
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Alibaba Proposes Hong Kong Share Placement Worth $10 Billion

FILE PHOTO: People visit an Alibaba booth during the World Artificial Intelligence Conference in Shanghai, China July 26, 2025.  REUTERS/Go Nakamura/File Photo/File Photo
FILE PHOTO: People visit an Alibaba booth during the World Artificial Intelligence Conference in Shanghai, China July 26, 2025. REUTERS/Go Nakamura/File Photo/File Photo

China's Alibaba announced on Sunday a proposed placement of new shares in Hong Kong.

The aggregate placement consideration is HK$80 billion ($10.2 billion), the company added, according to Reuters.

Alibaba said the ⁠deal would mark ⁠the largest-ever primary follow-on offering by a Hong Kong-listed company and the biggest Regulation S ⁠equity offering on record, while ranking as the world's third-largest primary follow-on share sale this year after Alphabet and Intel.

The company said it intends to use 100% of the net ⁠proceeds from ⁠the placement to invest in its full stack AI capabilities, including expanding and enhancing its AI infrastructure.


South Korea Sends 1st Container Ship Through Arctic Route

The container ship 'Panstar Acoro,' bound for Europe via the Arctic, docks at Busan port in South Korea on August 22, 2026 (Yonhap News Agency via Reuters)
The container ship 'Panstar Acoro,' bound for Europe via the Arctic, docks at Busan port in South Korea on August 22, 2026 (Yonhap News Agency via Reuters)
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South Korea Sends 1st Container Ship Through Arctic Route

The container ship 'Panstar Acoro,' bound for Europe via the Arctic, docks at Busan port in South Korea on August 22, 2026 (Yonhap News Agency via Reuters)
The container ship 'Panstar Acoro,' bound for Europe via the Arctic, docks at Busan port in South Korea on August 22, 2026 (Yonhap News Agency via Reuters)

South Korea sent its first trial container ship through the Arctic on Saturday, as the Middle East war rattles global shipping, while environmental groups warned the route could accelerate polar ice melt.

The Middle East conflict, sparked by US-Israeli strikes on Iran in February, has roiled global shipping, sending governments and shipping firms scrambling to seek alternative routes.

Sailing from Busan New Port, the "PanStar Acro" container ship is to sail to Europe via the Arctic, testing whether a route opened by melting sea ice can be commercially viable.

"We would like to inform you that the vessel for the Arctic route trial voyage departed" at 9:30 pm (1230 GMT), Seoul's oceans ministry said in a statement sent to AFP.

The ship is headed for Felixstowe in Britain, Rotterdam in the Netherlands and Gdansk in Poland before returning, with the voyage expected to take about 45 days, according to the ministry.

The voyage follows that of the Chinese container ship "Dubai Tower", which left the eastern port city of Ningbo for Europe this month, heading north through the Bering Strait before turning west along Russia's Arctic coast.

The usual maritime route between Asia and Europe runs through the Suez Canal, but travelling through the Arctic can cut the journey by around 7,000 kilometers (4,300 miles) and about 10 days, according to the Korea Institute for International Economic Policy.

South Korea's Vice Oceans Minister Nam Jae-hon said the Arctic route was "bound to become an alternative" to Middle Eastern shipping lanes -- as geopolitical risks and technological advances make it increasingly competitive.

Marc Lanteigne, a political science professor at the Arctic University of Norway, said the voyage -- coming soon after China's "Dubai Tower" began its own Arctic journey -- showed the Northern Sea Route (NSR) was becoming normalized as a "secondary maritime transit corridor".

A successful voyage would demonstrate South Korea's interest in "developing alternative shipping sea lanes", he told AFP, with concerns that it could fall behind as Chinese firms expand regular services through the increasingly viable Arctic route.

Some experts warn South Korean ships using the Arctic route could risk breaching Western sanctions on Russia -- currently a key security ally of North Korea -- as they would receive Russian navigation and weather services involving payments, albeit small ones.

South Korea's foreign ministry declined to comment when asked by AFP about the concerns involving Russia.

The oceans ministry said this week that "consultations with key relevant countries and agencies" have been completed to "implement administrative procedures necessary" for the voyage.

Vladimir Tikhonov, Korean Studies professor at the University of Oslo, said "strictly speaking, US and EU sanctions are not international law, unlike UN sanctions".

"And with continued uncertainty in the Middle East... South Korea may have few alternatives if the Arctic route proves economically viable," he told AFP.

Lanteigne said China's Northern Sea Route ambitions were more politically driven than South Korea's, with Beijing viewing the polar regions as "strategic new frontiers", raising Western security concerns.

Meanwhile, environmental groups warned growing traffic along the shorter NSR could accelerate Arctic sea ice loss already driven by global warming.

Major carriers including CMA CGM, MSC and Hapag-Lloyd have pledged to avoid Arctic shipping routes.

The NSR is believed to be accessible only during the time of year when the ice is melted enough to allow transits without icebreakers.

"The Northern Sea Route has become increasingly viable as the Arctic warms about four times faster than the global average, leading to a sharp decline in sea ice," South Korean environmental group Paran Ocean Citizen Science Center said in a statement last year.

"But making the route commercially viable would require further warming, putting the policy at odds with efforts to combat climate change."