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.



ECB Chief Lagarde Reportedly 'Ready to Serve' WEF

President of European Central Bank Christine Lagarde addresses the media in Frankfurt, Germany, Thursday, July 23, 2026, after a meeting of the ECB's governing council. (AP Photo/Michael Probst)
President of European Central Bank Christine Lagarde addresses the media in Frankfurt, Germany, Thursday, July 23, 2026, after a meeting of the ECB's governing council. (AP Photo/Michael Probst)
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ECB Chief Lagarde Reportedly 'Ready to Serve' WEF

President of European Central Bank Christine Lagarde addresses the media in Frankfurt, Germany, Thursday, July 23, 2026, after a meeting of the ECB's governing council. (AP Photo/Michael Probst)
President of European Central Bank Christine Lagarde addresses the media in Frankfurt, Germany, Thursday, July 23, 2026, after a meeting of the ECB's governing council. (AP Photo/Michael Probst)

Christine Lagarde, chief of the European Central Bank, could take over the presidency of the World Economic Forum at some point in 2027, Swiss newspaper NZZ reported on Sunday.

At a board meeting near Geneva this week, Lagarde was reportedly described as a "putative candidate" to lead the organization behind the annual Davos gathering of political and business leaders.

According to sources cited by the newspaper, she also said she was "ready to serve.”

The WEF's board ⁠is currently co-chaired ⁠by Roche vice-chairman André Hoffmann and BlackRock CEO Larry Fink, who are navigating a leadership transition after founder Klaus Schwab stepped down last year.

At the board meeting, Singapore's President Tharman Shanmugaratnam said that the succession to Fink ⁠and Hoffmann should be resolved internally as suitable candidates were available, NZZ reported.

Lagarde, who has been a member of the WEF's board for several terms, thanked the members of the 28-strong body for their confidence in her, according to the paper's reporting.

The board did not determine exactly when Lagarde should take over the presidency, NZZ said, based on sources, adding that the ⁠only point ⁠of agreement was that Fink and Hoffmann should still chair the annual meeting in Davos in January 2027.

The WEF did not immediately reply to a Reuters request for comment.

Christine Lagarde said last year she was determined to complete her term at the ECB, following speculation she might leave early to take up a role leading the WEF.

Her eight-year presidential term at the ECB runs out at the end of October 2027.

 


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.