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Saudi Arabia reports first death from COVID-19, 205 new cases
- March 24,2020
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- SUSTG Team
Saudi Arabia on Tuesday reported its first death from the coronavirus, and 205 new cases, bringing the total number of confirmed cases to 767, according to reports.
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Saudi Arabia Expands Preventative COVID-19 Travel Restrictions as Some Analysts Praise Kingdom’s Response
- March 20,2020
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- SUSTG Team
Saudi Arabia continued to expand rules and regulations to prevent the spread of COVID-19 in the Kingdom and King Salman gave a rare speech to address the Saudi public on Friday, as the world seeks to stop the spread of the deadly virus and calm global markets.
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Saudi-Russia Still in Communication on Oil Policy; Former Minister Al-Falih Speaks with Russia’s Novak
- March 10,2020
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- SUSTG Team
Saudi Arabia and Russia dug in on the potential for an oil price war on Tuesday, with each indicating they are willing and able to open the spigots after the two sides failed to reach an agreement on supply curbs which sent global markets to major losses, according to reports. On Tuesday, the Kingdom’s state-run Saudi Arabian […]
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Saudi Arabia takes cautious approach on Coronavirus as Kingdom suspends entry for Umrah pilgrimage, tourism
- February 27,2020
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- SUSTG Team
Saudi Arabia has temporarily suspended arrivals by foreigners for the Umrah pilgrimage and tourists from two dozen countries where the new coronavirus has spread, according to a report in Reuters, in hopes that the Kingdom might stay head of the looming threat of a pandemic.
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New Saudi Ministers of Investment, Sports and Tourism Sworn In by King Salman
- February 26,2020
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- SUSTG Team
The new Saudi ministers of sports, tourism and investment were sworn in on Wednesday before Custodian of the Two Holy Mosques King Salman bin Abdulaziz.
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Saudi Aramco Plans to Invest $110 Billion to Develop Unconventional Gas Reserves in Saudi Arabia’s Jafurah field
- February 24,2020
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- SUSTG Team
Saudi Aramco plans to invest a whopping $110 billion to develop unconventional gas reserves in Saudi Arabia’s Jafurah field, the state news agency SPA said on Friday.
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On Third Day of Saudi Trip, Pompeo Tours Saudi Airbase, Meets with Crown Prince Mohammed bin Salman
- February 21,2020
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- SUSTG Team
Secretary of State Michael Pompeo met with Crown Prince Mohammed bin Salman and separately with Prince Khalid Bin Salman in Saudi Arabia on his third and final day of a visit to the Kingdom, according to reports, before taking a tour of a key Saudi Arabian air base where the U.S. has deployed defense capabilities.
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Saudi Aramco Sees Increased Number of Cyberattacks since Late 2019
- February 10,2020
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- SUSTG Team
Saudi Aramco has seen an increase in attempted cyber attacks since the final quarter of 2019 and has successfully repelled all of them so far, according to a Reuters report, which cited comments from an interview with chief information security officer Khalid al-Harbi.
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Report: Saudi Air Defenses Repel Latest Houthi Missile, Drone Strikes at Oil Facilities
- January 30,2020
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- SUSTG Team
Rocket and drone strikes fired by Iran-backed Houthi rebels at Saudi targets last week – including at Aramco oil facilities – were successfully shot down by Saudi air defenses, according to the Wall Street Journal which cited Saudi officials.
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Report: SABIC, Aramco set to decide on oil to chemicals project in 2Q 2020
- January 17,2020
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- SUSTG Team
Saudi Basic Industries Corp (SABIC) and Saudi Aramco expect to announce in the second quarter whether they’ll proceed with plans to build a facility to process crude oil directly into chemicals, Bloomberg reports.
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MUST-READS
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Arab governments denounce Israel’s plans to annex the West Bank, warning it will imperil regional security and peace building. But will Israel listen?
The West Bank, which the Jewish state has occupied since the 1967 Middle East war, is home to as many as 3 million Palestinians and roughly 430,000 Israeli Jews living in scores of settlements. The United Nations and most European countries consider the settlements illegal, but Israel and the Trump administration dispute this.
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Lebanese security forces investigating explosion near Hariri convoy this month
Lebanese security forces are investigating an explosion 11 days ago that took place near the convoy of former Prime Minister Saad al-Hariri, Hariri’s office said on Sunday. Hariri’s office said the incident, in which nobody was hurt, took place during a tour of the eastern Beqaa valley and was not made public at the time to prevent inflaming passions in an already politically charged atmosphere.
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Saudi Banks NCB And Samba Plan Mega-Merger Worth $15 Billion
NCB offered to pay a premium of as much as 27.5% to Samba’s closing price on Wednesday, according to a statement on the Saudi stock exchange. NCB will issue as many as 1.54 billion new shares to Samba shareholders, it said. Bloomberg reported that the banks were exploring a merger earlier Thursday.
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Israel is about to reveal its West Bank annexation plans. How will Congress respond?
67 percent of respondents in our survey said either that it is “acceptable” to question the Israeli-American relationship, or that it’s the “duty” of members of Congress to do so. Among Democrats, that number was an overwhelming 81 percent, but a majority of Republicans also agreed. What does this mean?
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U.S. warns Russia, China of U.N. isolation if Iran arms ban extension blocked
Russia and China will be isolated at the United Nations if they continue down the “road to dystopia” by blocking a U.S. bid to extend a weapons ban on Iran, U.S. Iran envoy Brian Hook told Reuters ahead of his formal pitch of the embargo to the U.N. Security Council on Wednesday.
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Saudi Arabian bank NCB in merger talks with Samba: sources
Saudi Arabia’s National Commercial Bank (NCB) and Samba Financial Group are in talks to create a combined entity with almost $214 billion in assets, two sources familiar with the matter told Reuters. Low oil prices and weak economic growth are pushing bank consolidation across the Gulf and if completed the merger would create one of the region’s largest lenders by assets, ranking third after Qatar National Bank (QNB) and UAE’s First Abu Dhabi Bank (FAB.AD), Refinitiv data shows.
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Hajj 2020: The economic impact of the Saudi ban on international pilgrims
The contribution the government relies on from religious tourism is substantial. The Council of Saudi Chambers estimated that from 2018 to 2022, spending associated with the pilgrimages will generate upwards of $150 billion in income and create up to 100,000 Hajj-related jobs.
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Saudi Banks Facing Triple Jeopardy: Samba Financial CEO: Video
Rania Nashar, chief executive officer of Samba Financial Group, a Riyadh-based lender, talks about the state of the kingdom’s banks and the economy.
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UN chief urges Israel to back away from West Bank annexation
The UN has been consistently conveying the message “that annexation would be not only against international law but it would be a major factor to destabilise the region”, he told Associated Press in an interview.
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Taliban Kills At Least 14 Afghan Forces In Raids On Checkpoints
Afghan officials say dozens of Taliban fighters staged overnight raids and stormed several checkpoints in the northern part of the country, killing at least 14 security personnel. The violence early on June 23 comes after authorities this week accused the Taliban of increasing attacks on Afghan forces at a time when both sides say they are preparing to start delayed peace negotiations.
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