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Saudi Arabia’s Ministry of Investment, U.S. Chamber Host Giga Projects Webinar
- July 24,2020
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- SUSTG Team
Saudi Arabia’s Ministry of Investment (MISA) and the U.S. Chamber of Commerce hosted an online webinar on Wednesday to explore and discuss the range of giga-projects available for investment in the Kingdom.
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Reports: Successful Surgery for HRH King Salman
- July 23,2020
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- SUSTG Team
Saudi Arabia’s King Salman bin Abdulaziz underwent a successful laparoscopic surgery for an inflamed gallbladder, the official Saudi Press Agency reports.
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Will the 2020 G20 Meeting in Saudi Arabia be Virtual? Kingdom Holds Off on Final Decision for Now
- July 22,2020
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- SUSTG Team
Saudi Arabia’s finance minister said on Wednesday that no final decision has been made on whether the G20 leaders summit will be physical or virtual and the Kingdom is still considering the matter, according to Reuters.
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Saudi Arabia’s Real Estate Refinance Co. to Acquire Mortgages Worth $800 Million
- July 20,2020
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- SUSTG Team
Saudi Arabia’s Saudi Real Estate Refinance Co. (SRC), an arm of the Public Investment Fund (PIF), will acquire mortgages worth SR3 billion ($800 million) from the Public Pension Agency (PPA), according to reports.
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Coming Soon to Saudi Arabia: A ‘World Defense Show’ to Rival Abu Dhabi’s IDEX
- July 17,2020
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- SUSTG Team
Saudi Arabia’s General Authority for Military Industries (GAMI) announced the launch of a new bi-annual “World Defense Show” that will rival neighboring Abu Dhabi’s IDEX, according to a press release.
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U.S., Saudi-Chaired Body Created to Fight Terrorism Financing Sanctions Six
- July 16,2020
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- SUSTG Team
Members of the Terrorist Financing Targeting Center (TFTC), a 2017-created body co-chaired by the U.S. and Saudi Arabia to fight terrorist financing, jointly designated six targets affiliated with the Islamic State of Iraq and Syria (ISIS), according to the U.S. Treasury Department.
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Saudi Arabia’s Stock Market to Launch ‘Saudi Futures 30’ on August 30th
- July 15,2020
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- SUSTG Team
Saudi Arbaia’s Stock Exchange (Tadawul) announced that it will launch an exchange-traded derivatives product, the Saudi Futures 30 (SF30), on August 30th in a bid to attract investment interest into the Kingdom, according to reports.
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Unemployment for Saudis Declines in Latest Labor Figures before Pandemic
- July 14,2020
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- SUSTG Team
Saudi Arabia saw progress in employment for its nationals in the latest labor market figures for Q1 2020, with the General Authority for Statistics’ noting that unemployment among Saudi nationals declined to 11.8 percent in Q1 2020, down from 12 percent in Q4 2019, according to Jadwa Investment.
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Saudi Company Behind Red Sea Tourism Development Awards Airport Contracts
- July 13,2020
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- SUSTG Team
Saudi Arabia’s Red Sea Development Company, whose mission is to develop and create a massive new tourism project on Saudi Arabia’s Red Sea coast, said it had awarded infrastructure contracts for an international airport that is due to open in 2022, Reuters reports.
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Riyadh Becomes New Coronavirus Trouble Spot in Saudi Arabia as Cases Top 225,000 in Kingdom
- July 10,2020
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- SUSTG Team
Saudi Arabia has recorded 3,159 new coronavirus cases over the past 24 hours, raising the total to 226,486, the health ministry announced on Friday.
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MUST-READS
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Why Saudi Arabia’s first women’s world title fight matters
Saudi Arabia has played host to some of the biggest boxing events over the past 12 months, and on Saturday – for the first time – the Kingdom will host a women's world title fight. Australia's Skye Nicolson will defend her WBC featherweight title against Briton Raven Chapman, on the undercard of Artur Beterbiev v Dmitry Bivol, in Riyadh. "This is a much-needed and big shot in the arm for women's boxing as it joins the Riyadh Season train which is moving to a greater destination for boxing," promoter Eddie Hearn tells BBC Sport.
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Saudi Film Confex 2024: catalyzing the growth of Saudi Arabia’s cinema economy
The four-day confex brings together an array of producers, filmmakers, and specialists from Saudi Arabia and around the world. Discussions during the event revolve around the cultural significance of cinema, its economic impact, and the role of financing in the sector. The confex also underscores the integration of the film industry with other development sectors, which is seen as crucial for achieving growth and leadership in the region.
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Saudi Arabia executes 213 people in less than 10 months, setting new record
Saudi Arabia has executed 213 people so far in 2024, more than it has in any other calendar year on record, as the kingdom competes for a seat at the UN Human Rights Council (HRC). According to the London-based rights group Reprieve, which documents the death penalty worldwide, the largest recorded figure prior to this year was 196 in 2022, followed by 184 in 2019.
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Archaeologists discuss latest findings from Al-Faw, Saudi Arabia’s newest World Heritage Site
The event, organized by the Saudi Heritage Commission, follows the addition in July of Al-Faw to UNESCO’s list of World Heritage Sites. It is the eighth location in the Kingdom to achieve this recognition. Ajab Al-Otaibi, director of the commission’s Archaeological Documentation and Research department talked about the ways in which recent discoveries have changed our understanding of ancient civilizations in the region. “The most recent excavations have revealed a complex network of trade routes and cultural exchanges that connected Al-Faw with other kingdoms in the Arabian Peninsula and beyond,” he said.
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Saudi Arabia’s Heritage Commission vows to protect archeological sites against violators
Saudi Arabia’s Heritage Commission stressed that it will stand firmly against people who tamper with archeological sites, taking legal measures against them and preventing any transgressions that pose a threat to the safety of the Kingdom’s heritage. In the past week, the commission observed several violations of the antiquities and urban heritage regulations in Al-Wajh governorate in the Tabuk region and referred 23 expatriates to the relevant authorities.
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Iran’s FM to visit Saudi Arabia amid hardliner backlash over Arab response to Gaza
Last Friday, for the first time in five years, reinforcing a message he has focused on recently: the unity of Muslim countries against the presence of the US and other Western powers in the region. Khamenei called for solidarity, stating, “We have to tighten the belt of defense... from Afghanistan to Yemen, Iran to Gaza and Lebanon, in all Islamic countries. That’s the first issue I wanted to discuss.”
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Saudi Arabia tops Arab cement producers, ranks 10th globally: Alkhorayef
Saudi Arabia ranks first in the Arab world and tenth globally in cement production, with an annual output capacity exceeding 80 million tons from 20 domestic factories, according to Minister of Industry and Mineral Resources Bandar Alkhorayef, as reported by the Saudi Press Agency (SPA).
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Inside Saudi Arabia’s Remarkable Logistics Transformation
The 2024 Agility Emerging Markets Logistics Index continues to rank Saudi Arabia highly across several key metrics and demonstrates the impact of the agenda set forth by Saudi Vision 2030. The country ranks sixth for ‘international opportunities’ in the logistics sector, up three places from 2023. When it comes to ‘business fundamentals’ and ‘digital readiness’, it ranks third and sixth respectively, showing how well the Kingdom matches up in the context of global logistics. Meanwhile, Saudi Arabia has risen 17 places in the World Bank's Logistics Performance Index and is set to host the Global Logistics Forum in Riyadh later this month, reflecting its growing status as a leader in the field.
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Saudi Arabia, Japan are the safest and least crime countries among G20
A recent statistic for the Global Crime Index for 2023 showed that Saudi Arabia and Japan topped the list of the safest and least crime countries in the G20, as the Kingdom came in second place in the list of the safest countries, with a rate of 75.3, reflecting the success of ongoing efforts to enhance security and stability in the country, and reliance on strict legal systems and advanced technologies to monitor security, in addition to community programs aimed at enhancing safety and preventing crime.
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Saudi Arabia’s e-commerce market set to surge to $69.33 billion in 2025
Saudi Arabia’s e-commerce sector is on track for substantial growth, with revenues projected to hit SR260 billion (approximately $69.33 billion) by 2025, according to Commerce Minister Dr. Majed Al-Qasabi. During a visit to the Al-Baha region, the minister emphasized the increasing momentum in online shopping, noting that over 50 million e-commerce shipments entered the kingdom in 2023 alone.
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