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KARACHI: Saudi Arabia's economic diversification under Vision 2030 will provide “enormous opportunities” for information technology-based companies, the CEO of Pakistan's technology giant said on Tuesday, adding that the key to benefiting from these opportunities is ” “Diversification and specialization,” he emphasized. . Saudi Arabia is seeking to integrate its economy on a modern path under Vision 2030, a strategic development framework aimed at reducing Saudi oil dependence. It aims to develop the Kingdom's public service sectors, including health, education, infrastructure, recreation and tourism. In an interview with Arab News, Pakistan's IT industry tycoon Asif Peer said it is a “big…

ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they’re published. Once a week, a little past noon on Wednesdays, a line of cars forms outside the wrought-iron gates of the Carolands mansion, 20 miles south of downtown San Francisco. From the entrance, you can see the southeast facade of the 98-room Beaux Arts chateau, which was built a century ago by an heiress to the Pullman railroad-car fortune. Not visible from that vantage point is the stately reflecting pool, or the gardens, whose original designer took inspiration from…

For years, Calvin Lo has relentlessly pitched himself as a globetrotting billionaire-financier-cum-philanthropist with a world class collection of champagne, homes on three continents, a fleet of exotic supercars and investments in a five-star hotel and an F1 team. Great story—too bad it’s (mostly) fiction. By Robert Olsen, John Kang and Zinnia Lee, Forbes Staff ON a warm September morning last year, Calvin Lo welcomed an editor from Forbes into the Hong Kong office of his family’s life insurance brokerage firm, R.E. Lee International. Dressed immaculately in a three-piece suit with a tie and matching pocket square, Lo sat down with…

Raj Chetty, David Deming, and John Friedman published a study this week that seeks to determine whether wealthy people are disproportionately enrolled in elite universities, and if so, why. This has been a topic of intense interest in this debate for as long as I have been involved in it, and I think this study will help resolve some of the long-standing controversies in that debate. First of all, while it is true that children from the wealthiest families have higher academic performance than the population as a whole, this does not fully explain their higher representation in top universities.…

Sign up for The Brief, The Texas Tribune’s daily newsletter that keeps readers up to speed on the most essential Texas news. Hours before the Texas House overwhelmingly voted to impeach Ken Paxton in May, a well-funded supporter of the attorney general issued a threat to his fellow Republicans. A vote to impeach Paxton, Jonathan Stickland wrote on Twitter, “is a decision to have a primary.” “Wait till you see my PAC budget,” he later added. Stickland is the leader of Defend Texas Liberty, a political action committee that has donated millions of dollars to far-right candidates in the state.…

Elite colleges have long been filled with the children of the richest families: At Ivy League schools, one in six students has parents in the top 1 percent.A large new study, released Monday, shows that it has not been because these children had more impressive grades on average or took harder classes. They tended to have higher SAT scores and finely honed résumés, and applied at a higher rate — but they were overrepresented even after accounting for those things. For applicants with the same SAT or ACT score, children from families in the top 1 percent were 34 percent…

CAMBRIDGE, MASSACHUSETTS – JUNE 29: People walk through the gate on Harvard Yard at the Harvard University campus on June 29, 2023 in Cambridge, Massachusetts. Scott Eisen/Getty Images hide caption toggle caption Scott Eisen/Getty Images CAMBRIDGE, MASSACHUSETTS – JUNE 29: People walk through the gate on Harvard Yard at the Harvard University campus on June 29, 2023 in Cambridge, Massachusetts. Scott Eisen/Getty Images A few weeks ago, the U.S. Supreme Court ended affirmative action in college admissions. The ruling held that the race-conscious admission programs of Harvard University and the University of North Carolina violated the Equal Protection Clause of…

“I don't really believe in people trying to slow me down,” Spiro told me over lunch in Miami recently, Visin in his pocket and legs shaking under the table. Told. “Some people I know describe me as 'irreverent,' and I think that's accurate. I'm probably difficult to manage.” Spiro's friend and law school classmate Yared・Allura told me this about Spiro. “He sees any system, any regulation, as just the opening salvo in a negotiation.”Spiro's mother, Cynthia Kaplan, a clinical psychologist who specializes in child and adolescent trauma, noticed that her son was a debater from the beginning. “When he was…

The oil and gas industry has long been recognized as a cornerstone of Nigeria's economy, with a significant impact on gross domestic product (GDP) and overall economic development. The discovery of commercial quantities of oil in the 1950s was a turning point for the country, propelling oil onto the world stage and opening the door to immense economic opportunity. Historically, oil and gas exports have accounted for a significant portion of Nigeria's total revenue. Revenues from oil sales have funded infrastructure development, public services, and government spending. The industry also attracted foreign direct investment and stimulated job creation both directly…

Pay Dirt is Slate's money advice column. I have a question? Send it here to Athena and Elizabeth. (It's anonymous!) Mr. Paydirt My husband and I both grew up in poverty. And unfortunately, instead of protecting us from it, our parents were the kind of parents who never made us forget that we and our siblings were a burden. We both endured housing and food insecurity as children before becoming the first in our families to attend college. Now my husband has a serious problem with “rich people”. He gets very cranky about signs that people have material wealth, especially…