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Recent stories from sustg
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World Bank’s Women, Business and the Law Report says Saudi Arabia Top Reformer, Improver Among 190 Economies
- January 15,2020
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- SUSTG Team
The Kingdom of Saudi Arabia has realized a remarkable leap in the World Bank’s Women, Business and the Law 2020 report, with a score of 70.6 out of 100 and achieving the honor of being the top improver over the last year, according to reports.
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Saudi Arabia launches third phase to build up solar power capacity, invites bidders for new projects
- January 9,2020
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- SUSTG Team
Saudi Arabia’s energy ministry has issued a request for qualifications for the third round of the Kingdom’s National Renewable Energy Program (NREP), which comprises of “four Solar PV projects with a combined generation capacity of 1,200 MW,” the Saudi Press Agency said.
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Saudi Arabia’s Spending Cuts Could Reduce the Kingdom’s ‘Fiscal Vulnerabilities’ to Oil Price Fluctuation, IIF Says
- December 16,2019
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- SUSTG Team
Saudi Arabia will lower government spending in 2020 as the Kingdom’s economic and social reforms start to kick in. That could help reduce Saudi Arabia’s medium-term fiscal vulnerabilities to lower oil prices, the Institute of International Finance (IIF) said, and put Saudi on track for a balanced budget by 2023.
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Saudi Arabia to Grant Citizenship to ‘Scientists, Intellectuals and Innovators’ From Around the World
- December 5,2019
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- SUSTG Team
In a bid to attract top talent and spark innovation in the Kingdom, Saudi Arabia has announced that it would grant full citizenship to “scientists, intellectuals, and innovators” from key sectors and focuses, according to reports.
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Saudi Arabia Gears Up to Host G20 Summit; Saudi FM Travels to Japan for Ceremony
- November 22,2019
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- SUSTG Team
Saudi Arabia is making major preparations to host the annual gathering of the leaders of the Group of 20 (G20) nations next year in Riyadh, the 15th meeting of the group that is set to thrust the city into the global spotlight. The meeting will be held on November 21–22, 2020, and will be chaired […]
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Saudi Aramco to Seek $1.7 billion valuation with 1.5% Share Float; Cancels International Roadshow
- November 18,2019
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- SUSTG Team
Saudi Aramco is seeking a valuation of up to $1.7 trillion, which would become the world’s biggest IPO and confirm the company as the world’s most valuable. The valuation is below the initial $2 trillion sought by Saudi Arabia’s leadership. The Kingdom is hoping to raise $30 billion on the local Tadawul index by offering 1.5% of the […]
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MODON, GAMI Ink Deal to Promote Investments in Saudi Arabia’s Defense Sector
- November 14,2019
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- SUSTG Team
A new strategic cooperation between the Saudi Authority for Industrial Cities and Technology Zones (MODON) and the General Authority for Military Industries (GAMI) aims to encourage the localization of military industries in the Kingdom, according to the Saudi Press Agency (SPA). The new cooperation “supports the localization of 50 percent of the expenditure in military industries through […]
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Saudi Aramco targets zero flaring by 2030
- November 6,2019
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- SUSTG Team
Saudi Aramco said on Wednesday it was joining the World Bank’s initiative to reduce gas flaring to zero by 2030, and said its flaring was already less than 1% of its total raw gas production in the first half of 2019, Reuters reports. The announcement comes as the company began this week the process of floating shares […]
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Saudi Arabia Names Prince Faisal bin Farhan as New Foreign Minister
- October 24,2019
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- SUSTG Team
Saudi Arabia appointed Prince Faisal bin Farhan Al-Saud as the Kingdom’s new foreign minister as part of a larger reshuffling of the cabinet. Prince Faisal bin Farhan is the third foreign minister in three years. He replaces Ibrahim Al-Assaf, who was relieved of his post and appointed minister of state and a member of the Saudi Council of […]
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Saudi Aramco delays planned IPO until after earnings update, seeks local listing
- October 18,2019
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- SUSTG Team
Saudi Aramco has delayed the planned launch of its initial public offering “in hopes that pending third-quarter results will bolster investor confidence in the world’s largest oil firm,” Reuters reports, citing two sources familiar with the matter. The slight delay allows Saudi Aramco to reassure investors by first presenting results covering the period in which two […]
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MUST-READS
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Why Israel’s annexation of parts of the West Bank would be a historic mistake
Israel is about to make one of the most fateful decisions in its modern history — a decision that will have a profound impact on its future as a Jewish democratic state and on the prospect for peace. The Israeli cabinet is on the verge of unilaterally annexing territories in the West Bank. This is not a technical issue. It is a question that has a direct bearing on the very nature of the state of Israel — its identity, its values and its future.
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Opinion: Annexing the West Bank Would Compromise Israel’s Security and Core Values
Israeli Prime Minister Benjamin Netanyahu’s government is about to make a hasty unilateral annexation of at least parts of the West Bank and the Jordan Valley, under the blessing of U.S. President Donald Trump. Details on the annexation’s scope, format, methodology, timeline, or rationale have not yet been disclosed to Israel’s security cabinet.
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For Israel, West Bank annexation is saying the quiet part loud
In a matter of weeks, Israeli authorities may cross the geopolitical Rubicon. Prime Minister Benjamin Netanyahu still appears bent on beginning the annexation of territory in the West Bank, an act effectively encouraged by the United States’ controversial “peace” proposal that President Trump unveiled in January.
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Separatists in south Yemen seize convoy with billions of riyals for central bank
The convoy was carrying 64 billion riyals in banknotes printed for the Yemeni central bank in Russia, a government source said. Another government source said the cash was taken to a military base in what he said was “piracy”.
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Afghan government, Taliban agree to Doha as venue for first peace talks
Afghanistan’s government and the Islamist Taliban group have agreed that Doha will be the venue for the first meeting in their peace talks, both sides said on Sunday. The talks, known as the intra-Afghan dialogue, will be the first high-level meeting between the two sides after years of fighting.
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Who’s Who: Princess Reema bint Bandar bin Sultan, Saudi Arabia’s ambassador to the US
Princess Reema bint Bandar bin Sultan has been recommended for International Olympic Committee (IOC) membership. Five candidates — three women and two men — have been nominated for membership by the IOC executive board, and their nominations will be approved on July 17 during the IOC session. Princess Reema has been Saudi Arabia’s ambassador to the US since February 2019, and is the first female to hold the post. She attended George Washington University, where she graduated with a bachelor’s degree in museum studies.
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Palestine says it will declare statehood if Israel annexes West Bank
Palestine will declare statehood over all of the West Bank and Gaza, with Jerusalem as its capital, and push for global recognition if Israel goes ahead with plans to annex land it occupies, the Palestinian prime minister has said.
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Why SAMA is enhancing Saudi banking sector liquidity
Total assets of the banking sector have increased by about 14 percent to SR2.7 trillion in the first quarter compared with a year earlier. Likewise, credit facilities granted to the private sector jumped by about 12 percent over the same period.
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Harper’s Bazaar appoints first Black and Lebanese editor-in-chief
Publishing company Hearst Magazines has announced Lebanese-Trinidadian Samira Nasr as the new editor-in-chief of Harper’s Bazaar US. She succeeds Glenda Bailey, who stepped down from the top role in January, after 19-years at the Hearst title.
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Middle Eastern Banks Slow in Embracing Fintech Despite Customers Keenness
As part of the study, Deloitte gathered a set of insights from 1,500 banking customers and more than 50 digital leaders in the region, and found that a staggering 82% of banking customers in the region were willing to start using fintech solutions.
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