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Ahead of Trump’s Visit, White House Official Tells Reuters $100b in Arms Deals Planned
- May 15,2017
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- SUSTG Team
The United States is close to completing a series of arms deals with Saudi Arabia totaling more than $100 billion, a senior White House official told Reuters on Friday, a week ahead of President Donald Trump’s planned visit to Riyadh. The arms deals could reach up to $300 billion over 10 years to help Saudi […]
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World’s Tallest Building Set for Saudi Arabia Delayed Again After Binladen Group Turmoil, Now Expected in 2019
- May 12,2017
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- SUSTG Team
Saudi Arabia’s under-construction Kingdom Tower Jeddah, set to be the world’s tallest building when finished, has been delayed until 2019, Prince Alwaleed bin Talal said at the building’s construction site yesterday. “The project was delayed… but it’ll open (in) 2019,” Prince Alwaleed said. Alwaleed is chairman of Kingdom Holding Company and consistently listed as the […]
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Major Reduction in Quarterly Budget Deficit Figures a Positive for Kingdom’s Economic Reforms
- May 11,2017
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- SUSTG Team
In an analysis of official data from the Kingdom, Bloomberg found a significant year-on-year reduction in Saudi Arabia’s budget deficit from Q1 2017, a sign that the Kingdom’s economic reforms coupled with an uptick in oil prices have positively impacted the government’s balance sheet. According to Saudi Arabia’s finance ministry and as reported in Bloomberg, […]
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Saudi Arabia’s Vice Minister of Economy and Planning Mohammed Al Tuwaijri Gives Interview to Bloomberg News
- May 10,2017
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- SUSTG Team
Saudi Arabia’s powerful vice minister of economy and planning Mohammed Al Tuwaijri gave an interview to Bloomberg News on Tuesday and discussed the government’s borrowing plans, infrastructure spending and how the kingdom still intends to balance its budget by 2020. Al Tuwaijri, who is also head of the finance committee at Saudi Arabia’s powerful Council of Economic […]
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U.S., Saudis in Talks for New Defense Deals Worth Billions Ahead of Trump’s Visit, Sources Tell Reuters
- May 8,2017
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- SUSTG Team
Washington and Riyadh are working to boost military sales from the U.S. to Saudi Arabia for new and existing contracts worth “tens of billions of dollars” ahead of U.S. President Donald Trump’s trip to the kingdom this month, Reuters reports, citing several sources familiar with the talks. According to Reuters, “as planning for Trump’s trip to Saudi […]
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Plans Move Ahead for Saudi Arabia’s ‘Fannie Mae’ Mortgage-Refinancing Firm
- May 4,2017
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- SUSTG Team
Saudi Arabia’s first mortgage-refinancing firm has started approaching banks to buy their mortgage portfolios as the state tries to boost lending for homes, Bloomberg reports. In 2015, Bloomberg and Reuters reported on Saudi Arabia’s plans to work with the Boston Consulting Group to help start a state-owned mortgage firm similar to the U.S.’s Fannie Mae and […]
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In Interview, Deputy Crown Prince Mohammed bin Salman Discusses Economic Reforms, Regional Challenges
- May 3,2017
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- SUSTG Team
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman gave a wide-ranging interview with Saudi TV station MBC yesterday, discussing regional politics, the war in Yemen, the economy, Vision 2030, and Saudi Aramco’s planned IPO. The interview – given in Arabic – was widely broadcasted in the Kingdom and discussed on social media sites. It was his […]
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IMF: ‘The Redistribution of Oil Wealth Through Government Jobs and Generous Subsidies is No Longer Sustainable’
- May 2,2017
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- SUSTG Team
A recent report by the International Monetary Fund (IMF) finds growth in the Middle East is slightly improving “largely driven by higher oil prices and improved export prospects” but emphasizes that countries will need to continue with plans to diversify their economies and implement policies that support jobs and productivity, like education and infrastructure reforms. “Persistently […]
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Is a Political Solution to the Yemen Conflict on the Horizon?
- May 1,2017
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- SUSTG Team
The Saudi-led coalition is “now looking for a political solution rather than a military operation to take Yemen’s Red Sea port of Hodeidah,” former US officials who work on Yemen told Al Monitor‘s Laura Rozen. The possible breakthrough could avoid a military escalation to take the Houthi-held strategic port, which would make the catastrophic food shortage […]
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‘Frankly, Saudi Arabia has Not Treated Us Fairly’, Trump Threatens Reset with Old Election Talking Point
- April 28,2017
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- SUSTG Team
After the visit of Deputy Crown Prince Mohammed bin Salman to the White House last month, a top advisor to the prince released a statement praising “a historical turning point” in U.S.-Saudi relations. The unnamed advisor said that during President Obama, U.S.-Saudi relations underwent “a period of difference of opinion” but that after meeting with President […]
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Saudi Arabia sends first aid truck convoy to Syria
Sixty trucks passed the Jaber Border Crossing in Jordan in the first Saudi aid convoy aimed at assisting the Syrian people. The operation is managed by Saudi aid agency KSrelief. The trucks are preparing to enter Syria, carrying essential supplies such as food, shelter and medical assistance to help alleviate the difficult conditions faced by the Syrian people. Also on Sunday, a sixth airlift relief plane to Syria, operated by KSrelief, arrived at Damascus International Airport, the Saudi Press Agency reported.
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Saudi Arabia’s first ‘recycled road’ built in Al-Ahsa
The project, a collaboration with Al-Ahsa municipality and the National Center for Waste Management, incorporated waste material into the asphalt layers of a road in the Al-Ahsa governorate, following research by the authority to assess the performance of asphalt and gravel layers made from aggregates sourced from the municipality’s environmental landfill. Using recycled material in infrastructure projects supports the Kingdom’s goal of transitioning to a circular economy. The target is a 60 percent recycling rate for such waste by 2035, which “highlights the Kingdom’s commitment to environmental sustainability and efficient infrastructure development,” the SPA said.
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Impact of taxation on tobacco products prices in Bahrain, Saudi Arabia and United Arab Emirates
The 3 countries imposed more than 70% excise tax on tobacco products. Saudi Arabia, in addition, imposed the value added tax. This led to sharp price increases and less affordability in all the countries. In 2020, the affordability index in the Gulf Cooperation Council countries ranged from 1.3% in Kuwait to 3.8% in Saudi Arabia. However, affordability was still higher in these countries than in the rest of the world.
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A review of sugar-sweetened beverages taxation in Saudi Arabia and United Arab Emirates
Both countries implemented SSBs taxation consistently between 2015 and 2023, generating additional revenue and reducing obesity rates. The acceleration scenario estimates showed that SBB taxation could reduce overweight prevalence among children and adolescents (aged 5–19 years) from 38.2% in 2020 to 34.4% in 2030 in Saudi Arabia and from 37.0% to 34.6% in United Arab Emirates, and could reduce obesity rate by approximately 12.7% in Saudi Arabia and 9.5% in United Arab Emirates in the same period.
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German, French foreign ministers meet Syria’s new rulers in Damascus
The foreign ministers of Germany and France said they wanted to forge a new relationship with Syria and urged a peaceful transition as they met its de facto leader Ahmed al-Sharaa in Damascus on Friday on behalf of the European Union. Germany's Annalena Baerbock and France's Jean-Noel Barrot are the first ministers from the EU to visit Syria since rebels seized control of Damascus on Dec. 8 and forced President Bashar al-Assad to flee after more than 13 years of civil war, ending his family's decades-long rule. Their trip is meant to send a message of cautious optimism to the Islamist rebels led by Sharaa's Hayat Tahrir al-Sham (HTS), showing an openness to acknowledging the new rulers while also urging moderation and respect for minorities' rights.
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Texas man who backed Islamic State acted alone in New Orleans attack, FBI says
A U.S. Army veteran who killed 14 people by ramming a truck into a crowd of New Year's Day revelers in New Orleans had pledged allegiance to Islamic State and appeared to have made recordings in which he condemned music, drugs and alcohol. Shamsud-Din Jabbar, a 42-year-old Texas native who once served in Afghanistan, acted alone in the attack, the FBI said on Thursday, reversing an earlier assessment that he may have had accomplices. He was killed in a shootout with police after the rampage, which also injured dozens of people and has been labeled by the FBI as an act of terrorism. "It was premeditated and an evil act," FBI Deputy Assistant Director Christopher Raia told a press conference on Thursday, reaffirming the bureau's conclusion that Jabbar was inspired by Islamic State, the militant group with fighters in Iraq and Syria.
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Riyadh’s King Khalid Airport named world’s most on-time large and global airport
Riyadh’s King Khalid International Airport has been named winner in both the ‘Large’ and ‘Global’ Airport categories in Cirium’s 2024 On-Time Performance report. It was a double celebration for Saudi Arabia as Saudia was a close runner-up with 86.35 per cent among the airlines. Saudi was second only to Aeromexico, Mexico’s flag carrier, which was named the most On-Time ‘Global Airline’ in 2024 with a 86.7 per cent on-time rate. American giant Delta Air Lines secured third place with 83.46 per cent. Qatar Airways, with 82.83 per cent on-time arrivals and 82.56 per cent on-time departure, was placed fifth globally, one place behind LATAM Airlines at fourth.
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Senior Saudi officials meet new Syrian counterparts in Riyadh
Saudi Arabia’s Defense Minister Prince Khalid bin Salman and Foreign Minister Prince Faisal bin Farhan met their new Syrian counterparts during a trip to Riyadh. Syrian Foreign Minister Asaad Hassan al-Shibani met Prince Faisal at the Saudi Foreign Ministry before the pair joined a larger meeting with Prince Khalid. “We discussed developments in Syria and explored ways to support the transitional political process in achieving the Syrian people’s aspirations for security, stability, and unity,” Prince Khalid said after their meeting.
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More young footballers interested in Middle East move ahead of Saudi Arabia World Cup
Birmingham-born Brad Young now lives and plays football in Saudi. The 21-year-old left the Welsh first tier to join Saudi Pro League (SPL) side Al-Orobah in September and said the league is among the world's top five. "All the big players are starting to come here," Brad told Sky News. "The league is growing and obviously it's good for me to get that learning experience off the experienced players." "These players are all experienced and they know their stuff like when you make runs off the back of defenders, they block you, they've got that experience. "So, you have to regroup and learn how to play against them. You've got to think smart and think better."
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Saudi Al Qadsiah sign Brazilian teenager Gabriel Carvalho
Saudi Pro League's Al Qadsiah announced on Thursday the signing of 17-year-old Brazilian attacking midfielder Gabriel Carvalho from Internacional. Carvalho, the latest transfer into a lucrative league featuring the likes of Cristiano Ronaldo and Karim Benzema, is set to join his new team in the summer. “Gabriel Carvalho signed for Al Qadsiah. He will join in August during the summer transfer window,” the third-placed club said on the X social media platform.
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