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Saudi Arabia Studies Impact of Key Activities on Competition

A Saudi initiative to study key sectors, including agricultural production and measure the impact of competition, Asharq Al-Awsat
A Saudi initiative to study key sectors, including agricultural production and measure the impact of competition, Asharq Al-Awsat
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Saudi Arabia Studies Impact of Key Activities on Competition

A Saudi initiative to study key sectors, including agricultural production and measure the impact of competition, Asharq Al-Awsat
A Saudi initiative to study key sectors, including agricultural production and measure the impact of competition, Asharq Al-Awsat

The Saudi General Authority for Competition has approved an initiative to study the agricultural and fish products sector, as well as the building and construction sector. The study will investigate the impact of establishments operating in the mentioned sectors on competition.

The Authority’s board of directors agreed to take action to investigate, gather evidence, and investigate two facilities operating in the public construction sector that may have colluded in bids and offers in a government project.

It also decided to file a criminal case against the two facilities for violating the competition law and its executive regulations.

This came during the 75th meeting of the board, headed by Dr. Ahmed Al-Khulaifi, Chairman of the Board of Directors of the General Authority for Competition.

The meeting was held in the presence of the CEO and members of the board.

The Authority’s board of directors addressed several topics on its agenda, issued a number of decisions and directives, and approved entrusting the CEO with approving a number of the Authority’s policies, rules and manuals.

Moreover, the board reviewed the results of the study regulating the relationship between competition authorities and sectoral regulators, and the results of the investigation into collusion in a number of government projects with four establishments operating in the contracting and services sector.

In other news, the Federation of Saudi Chambers, represented by the National Entertainment Committee, signed a contract with a consulting firm to study and analyze the entertainment and leisure sector in Saudi Arabia.

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Moscow Poses No Threat to Britain, Says Russia's UK Embassy

A view shows the Kremlin Wall and the State Historical Museum in central Moscow, Russia August 21, 2024. (Reuters)
A view shows the Kremlin Wall and the State Historical Museum in central Moscow, Russia August 21, 2024. (Reuters)
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Moscow Poses No Threat to Britain, Says Russia's UK Embassy

A view shows the Kremlin Wall and the State Historical Museum in central Moscow, Russia August 21, 2024. (Reuters)
A view shows the Kremlin Wall and the State Historical Museum in central Moscow, Russia August 21, 2024. (Reuters)

Russia's embassy in London said on Tuesday that Moscow had no intention of attacking Britain, rejecting accusations by the British government of growing aggression and daily cyberattacks.

Britain said on Monday it would radically change its approach to defense to address new threats, including from Russia, after endorsing the findings of an independently-produced Strategic Defense Review.

After unveiling the defense overhaul on Monday, Healey said Europe was facing war, growing Russian aggression, new nuclear risks and daily cyberattacks, Reuters reported.

Russia's embassy issued a statement on Tuesday criticizing what it described as "a fresh salvo of anti-Russian rhetoric".

"Russia poses no threat to the United Kingdom and its people," the statement said. "We harbor no aggressive intentions and have no plans to attack Britain. We are not interested in doing so, nor do we need to."

Relations between Russia and Britain are at their lowest level since the Cold War. They deteriorated further after Russia's full-scale invasion of Ukraine in February 2022, and Britain and other NATO members have provided large amounts of military aid and other support to Kyiv.

China's embassy in London also criticised Britain's defense review, saying in a statement on Tuesday that the document deliberately misrepresented Beijing's defense policy to justify British military expansion.

The review had described China as "a sophisticated and persistent challenge", citing its rapid military modernisation, including an expanded nuclear arsenal, and saying Beijing was likely using espionage and cyberattacks, and stealing intellectual property.