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After Coronavirus Hit in 2020, Saudi Economy to Grow 2.9% in 2021, IMF Says
- April 15,2020
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- SUSTG Team
Saudi Arabia’s economy is forecast to contract 2.3 percent in 2020, with non-oil GDP expected to contract by 4 percent due in part to the global recession caused by the spread of the deadly coronavirus, the IMF said.
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Saudi Arabia’s PIF Discloses 8.2% Stake in Carnival Cruises
- April 7,2020
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- SUSTG Team
Saudi Arabia’s Public Investment Fund disclosed on Monday that it had acquired an 8.2% stake in Carnival Corporation & plc, operator of Carnival Cruise line, as of March 26, according to reports.
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Jadwa Investment’s April 2020 Chartbook Shows Early Challenges for Saudi Economy Amid Global Coronavirus Outbreak
- April 2,2020
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- SUSTG Team
Jadwa Investment’s recently-released April 2020 Saudi Chartbook highlighting latest data for the Kingdom’s economy shows indications that the Coronavirus will have a negative impact on the economy as Saudi Arabia locks down to safeguard its citizens.
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Kingdom Will Pay for Coronavirus Treatments, KSA Cases Reach 1453
- March 30,2020
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- SUSTG Team
Saudi Arabia will finance treatment for anyone infected with the coronavirus in the Kingdom, the health minister said on Monday, as Saudi’s total cases reached 1453, according to Reuters.
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Stunning Photos Show Saudi Arabia’s Empty Streets for COVID-19 Curfew
- March 25,2020
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- SUSTG Team
Saudi Arabia on Monday night began implementing a nationwide dusk-to-dawn curfew to halt the spread of COVID-19, urging the public to stay home unless necessary and closing restaurants, cinemas, malls, and other places of gathering.
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Report: Saudi Arabia Asks State Agency Heads to Prepare for Budget Cuts ‘of at Least 20%’
- March 11,2020
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- SUSTG Team
Saudi Arabia has asked state agencies to submit proposals for cuts of between 20% and 30% to their budgets “in a fresh austerity drive to cope with a sharp drop in oil prices” due to a looming price war between Russia and Saudi Arabia, Reuters reports, citing four sources familiar with the matter.
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More Progress for Saudi Women as Kingdom Launches a Women’s Soccer League
- February 28,2020
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- SUSTG Team
Saudi Arabia is launching a soccer league for women, another step forward as the Kingdom continues ahead with its Vision 2030 social and economic reform plan.
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Al-Ula Planners, Developers Keen to Keep Historic Beauty of Site Intact with Millions Expected Annually
- February 11,2020
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- SUSTG Team
Planners and developers working on making Saudi Arabia’s Al-Ula UNESCO heritage site easier and more enjoyable to visit are keen to keep intact the natural beauty and wonder of the site, the UAE-based The National reports, citing an interview with Francesca Arici, the site’s chief planning officer.
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Saudi Arabia’s SAMA Launches First Licenses for Non-Bank Financial Institutions in Line With Financial Sector Development Program Goals
- January 31,2020
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- SUSTG Team
The Saudi Arabia Monetary Agency (SAMA) announced the launch of licenses for non-bank financial institutions, a news release on its website said, issuing the first licenses for an electronic wallet company and the first license for a payment services company in the Kingdom.
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Saudi Authority Calls on UNESCO to Protect Traditional Khawlani Coffee Cultivation Techniques
- January 20,2020
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- SUSTG Team
The Saudi Heritage Preservation Society has called on UNESCO to protect traditional Khawlani coffee cultivation techniques in Saudi Arabia in a press release, noting that the Arabian tradition “has been passed down for generations by the ancient tribes of Khawlan who have grown and processed Khawlani coffee beans in the verdant valleys of Jazan, a region […]
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U.S. MilitaryU.S. military could add troops to Middle East, but struggles to explain plans
The United States military struggled on Thursday to explain its plans for potential increases in U.S. forces in the Middle East amid concerns Iran could carry out further aggressive actions in the region. U.S. officials, speaking on the condition of anonymity, told Reuters the United States was considering sending thousands of additional troops to the Middle East to deter Iran, but that no decision had been made and the situation remained fluid.
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Iran in the RegionIran Is Secretly Moving Missiles Into Iraq, U.S. Officials Say
An arsenal of missiles outside its borders gives advantages to the Iranian government, military and paramilitary in any standoff with the United States and its regional allies. If the United States or Israel were to bomb Iran, its military could use missiles hidden in Iraq to strike back against Israel or a gulf country. The mere existence of those weapons could also help deter attacks.
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IranU.S. warship in Gulf seizes missile parts of suspected Iran origin
A U.S. Navy warship seized advanced missile parts believed to be linked to Iran from a boat it had stopped in the Arabian Sea, U.S. officials said on Wednesday, as Trump’s administration pressures Tehran to curb its activities in the region.
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SyriaU.S. military completes pullback from northeast Syria, Esper says
The United States has completed its military pullback in northeastern Syria, settling into a more stable posture of about 600 troops in the rest of the country after repositioning and reducing forces, Defense Secretary Mark Esper said.
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Taliban TalksU.S. envoy to rejoin Doha talks with Taliban after Kabul visit, says State Dept
Khalilzad arrived in Kabul earlier on Wednesday to follow up on U.S. President Donald Trump’s visit to Afghanistan last week and to discuss with Afghan officials and others how to convene talks with the Taliban on a political settlement, the State Department said.
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AfghanistanAfter U.S. pressure, Afghanistan frees activists who exposed sex abuse
Afghanistan on Wednesday released two civil society activists arrested after exposing alleged sexual abuse of hundreds of school children, following pressure from the United States and international human rights groups.
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IraqTop U.S. general arrives in Iraq amid protests, questions over Iran’s influence
The top U.S. general, Mark Milley, arrived in Iraq on Tuesday amid a spate of anti-government protests in the Middle East and questions about how they could impact Iranian influence in the region.
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Trump Foreign PolicyNo ‘End Date’ for U.S. Troops in Syria, Top U.S. General in Middle East Says
Roughly 500 U.S. forces will remain in northeastern Syria with their Kurdish-led partners, the Syrian Democratic Forces (SDF), to continue fighting the remnants of the Islamic State, McKenzie said during a visit to Bahrain for the Manama Dialogue security summit.
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Energy SecurityQatar, Kuwait told U.S. they will join naval coalition, official says
Qatar and Kuwait have told the United States that they will join a U.S.-led naval coalition in the Gulf which was established in response to a series of attacks on oil tankers, a U.S. military official said on Monday. The coalition, based out of Bahrain and known as the International Maritime Security Construct (IMSC), was formed after a series of attacks earlier this year heightened the risk of disruption to Gulf oil exports shipped through the Strait of Hormuz.
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Anti-ISIS CampaignU.S. Resumes Operations Against ISIS in Northern Syria
On Friday, American soldiers and hundreds of Syrian Kurdish fighters — the same local allies the Trump administration abandoned to fend for themselves against the Turkish advance last month — reunited to conduct what the Pentagon said was a large-scale mission to kill and capture ISIS fighters in Deir al-Zour province, about 120 miles south of the Turkish border.
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