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Deputy Crown Prince Mohammed bin Salman Meets with President Obama, Receives Praise for “Vision 2030”
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman met with President Obama on Friday at the White House to discuss regional and economic issues with the President, Vice President and other members of Obama’s cabinet. The President “commended” Prince Mohammed’s “Vision 2030” plans to reform Saudi Arabia’s economy and society, according to a readout. “The […]
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Deputy Crown Prince Mohammed bin Salman Meets with Defense, U.S. Chamber of Commerce Officials
U.S. Defense Secretary Ash Carter hosted an enhanced honor cordon yesterday to welcome Deputy Crown Prince Mohammed bin Salman, Saudi Arabia’s defense minister, at the Pentagon in Washington, D.C. The two leaders and other defense officials from both the U.S. and Saudi Arabia met “for a series of constructive meetings and briefings,” the Pentagon said in […]
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Deputy Crown Prince Mohammed Bin Salman Arrives in Washington to Busy Schedule
Deputy Crown Prince Mohammed bin Salman lands in Washington, D.C. today with a tightly packed agenda planned for his 4-day visit in the nation’s capital. The Deputy Crown Prince who is also Minister of Defense and head of the powerful Council on Economic and Development Affairs (CEDA) will meet with U.S. Secretary of State, John Kerry, […]
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As Vision 2030 Details are Rolled Out, International Banks and Others Look for Opportunities
International banks are jockeying for a role in Saudi Arabia’s plans to list part of state-owned Saudi Aramco for an Initial Public Offering (IPO), according to a report in Reuters. Financiers around the world are keen to cash in on a cornerstone of the recently-announced “Vision 2030” economic and social plan, with banks preparing for […]
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Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman to Visit Washington Mid-June
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman will visit Washington, D.C. and other cities in the U.S. in June, as the influential Saudi official plans to discuss both foreign policy and economics, according to sources cited by several news outlets. Because Prince Mohammed is both Minister of Defense and President of the key Council […]
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Comprehensive Document Outlining Saudi Arabia’s Counterterrorism Strategy, Successes Released
The Embassy of Saudi Arabia in Washington has distributed a comprehensive document outlining the Kingdom’s efforts to fight terrorism. The detailed publication was distributed to Congress as debate regarding the September 11, 2001 terrorist attacks heat up following the recent unanimous Senate vote to pass the Justice Against Sponsors of Terrorism Act (JASTA) bill. The Kingdom […]
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Report: $7.9 Billion Bid for KAFD by Saudi Arabia’s Public Investment Fund
Saudi Arabia’s Public Investment Fund (PIF) is reported to be prepared to make an offer for the King Abdullah Financial District (KAFD), situated between downtown Riyadh and the city’s King Khalid International Airport. The offer, reported by Bloomberg citing unnamed sources, is 30 billion riyals ($7.9 billion) — the amount already spent on KAFD by the Saudi Public […]
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How Riyadh’s King Abdullah Financial District’s Future Has Shifted
Riyadh’s unfinished King Abdullah Financial District (KAFD) located halfway between downtown Riyadh and King Fahd International Airport is headed for new ownership and a revised master plan. KAFD – the city within a city that was originally designed to be home to the Kingdom’s banks and international financial houses – will soon be owned by […]
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Commentary: Saudi Arabia’s Vision 2030, Don’t Miss the Point
While Saudi Arabia’s Vision 2030 was formally endorsed by the Saudi Council of Ministers and published on April 25, 2016, anticipation about the plan had been building for months. McKinsey & Company’s 165-page Moving Saudi Arabia’s Economy Beyond Oil in December 2015 confirmed the depth of the analysis underway within the Saudi government while Deputy […]
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‘Saudi Vision 2030,’ Saudi Arabia’s National Transformation Plan for a New Saudi Economy, Launches with Media Push
Saudi Arabia’s has launched the ‘Saudi Arabia 2030’ National Transformation Plan (sometimes referred to as ‘Vision 2030’) today with a video announcement on Twitter and the first video interview with Deputy Crown Prince Mohammed bin Salman given to the news channel Al Arabiya. Details of the comprehensive plan are expected to include economic and social […]
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MUST-READS
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Saudi Arabia’s consulting market climbs 12 percent to $1.6 billion
Saudi Arabia’s consulting industry continues to shine as one of the world’s standout global performers, growing by 12 percent last year to a worth of $1.6 billion. The consulting industry of Saudi Arabia has pushed out to a worth of $1.6 billion on the back of bumper 12 percent growth in 2019 – with the Kingdom now accounting for almost half of the wider $3.6 billion market in the GCC. This is the conclusion of Source Global Research, a market research and consultant to the consulting industry itself, which measures the activity of advisory firms with a headcount of greater than 50 serving mid to large clients.
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MBS Interview: We Don’t Want War but We Won’t Hesitate in Dealing with Any Threat
In an interview with Asharq Al-Awsat, the Crown Prince said that the Kingdom “supported the re-imposition of US sanctions on Iran out of our belief that the international community needed to take a decisive stance against Iran.”
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U.S. appoints envoy head as death toll climbs to 129
The State Department said in a statement it appointed Ambassador Donald Booth to head a special envoy for Sudan to lead "U.S. efforts to support a political solution to the current crisis that reflects the will of the Sudanese people."
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Trump administration may use Iran threat to sell bombs to Saudis without Congress’ approval: senator says
U.S. President Donald Trump’s administration plans to use a loophole and rising tensions with Iran to sell bombs to Saudi Arabia, even though Congress blocked such sales for months over concerns about civilian deaths in the war in Yemen, Senator Chris Murphy said on Wednesday.
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Fighting grips south Yemen as Saudi coalition bombs capital
Yemen’s human rights minister says heavy fighting is underway in the country’s south as rebel Houthis push to gain more territory from government forces and their allies. The clashes come as the Saudi-led coalition carried out airstrikes on the capital, Sanaa, earlier on Thursday, targeting the Houthis and killing at least three civilians.
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White House: Kushner Met With Saudi King, Crown Prince MBS
White House senior adviser Jared Kushner met with Saudi Arabian King Salman bin Abdulaziz Al Saud and with Crown Prince Mohammed bin Salman (MBS) on Tuesday, according to a White House press release. Kushner, along with Special Representative for International Negotiations Jason Greenblatt and Special Representative for Iran Brian Hook, discussed the “increasing cooperation” between the U.S. and Saudi Arabia, and “the Trump Administration’s efforts to facilitate peace between the Israelis and Palestinians,” the statement reads.
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Commentary: Crown Prince MBS takes charm offensive East
Saudi Arabia's message to the West appears to be twofold. By drawing closer to big, important nations in Asia, it says: "We do have other friends around the world and they're happy to do business with us." By sending a young female ambassador to Washington, it says: "We know we have ground to make up so we are happy to listen to what you have to say."
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Saudi Arabia, Trying to Lure Tourists, Hosts Music Festival Near Ancient Tombs
Officials under his rule are trying to build up Saudi Arabia’s tourism and culture industries by promoting events like the music festival. In past years, an event like this would not have taken place in a remote region of the conservative kingdom.
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Saudi Arabia non-oil economy climbs to 13-month high on new orders
Faster output growth and a rise in orders and employment lifted business conditions in Saudi Arabia’s non-oil private sector to their highest level in 13 months in January, as the government continues with efforts to boost investment and economic expansion, Emirates NBD said.
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Archaeologists find Rome-era tombs in Egypt’s Western Desert
Egypt says archaeologists have uncovered two ancient tombs dating back to the Roman period in the country’s Western Desert.
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