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Recent stories from sustg
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A Tadawul Opening Road Map
- August 28,2014
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- Richard Wilson
Jadwa Investments is a well respected Shariah-compliant investment bank based in Saudi Arabia. Jadwa’s market studies and regular updates can be counted on to be highly informed and concise analyses of the topic at hand. Their monthly ‘Chartbooks,’ quarterly GDP updates, annual budget report and specific sector analysis are regular features on the Saudi-US Trade […]
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Where are U.S. Airstrikes Bombing Islamic State Locations in Iraq From?
- August 26,2014
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- Lucien Zeigler
Craig Whitlock in the Washington Post reports that recent U.S. airstrikes into Iraq on Islamic State targets are taking off from bases in Qatar and the UAE in addition to aircraft carriers in the Arabian Gulf, but neither government is directly admitting it at this time. That the U.S. is using Gulf allies as their […]
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How Chairman and Owner of the Atlantic David Bradley Played a Key Role in Journalist’s Release
- August 26,2014
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- Lucien Zeigler
Adam Goldman and Karen DeYoung detail in the Washington Post the role of David Bradley, Chairman and Owner of the Atlantic Media Group, and how the executive worked with an unnamed FBI Agent and Ghanim Khalifa al-Kubaisi, the chief of Qatar’s intelligence service, to free Peter Theo Curtis from captivity in Syria. The article draws […]
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Sfakianakis: Now is the Time for Energy Subsidy Reform in Saudi Arabia
- August 26,2014
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- John Sfakianakis
Annual energy subsidies in Saudi Arabia amount to $120 billion; roughly a quarter of all global energy subsidies combined. As with subsidies worldwide, those in Saudi Arabia are in place primarily for political and social reasons. Unfortunately, energy subsidies result in numerous and profound economic distortions that ultimately do not benefit the poor in particular […]
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35 percent of hotel rooms in Dubai occupied by Saudi Citizens on Summer Vacation
- July 31,2014
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- Lucien Zeigler
Saudis are escaping the heat in the Kingdom by flocking to destinations abroad, but many aren’t making it far – a recent report in the Saudi Gazette finds that many are flocking to neighboring Dubai, a popular vacation spot for Saudis during the summer months. The Saudi Gazette reports that the high rates of Saudis […]
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The Saudi Stock Exchange is Opening Up to Foreign Investment
- July 23,2014
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- Lucien Zeigler
The Saudi Stock Market, also known as the Tadawul All-Share Index or TASI, will open up to foreign investment to money managers outside the GCC for the first time, Bloomberg reports citing the official Saudi Press Agency. “The oil-rich kingdom’s cabinet authorized the Capital Market Authority to allow overseas financial institutions to buy and sell […]
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Hardin Lang Discusses the Advance of ISIS in Iraq and the Implications for the U.S.-Saudi Relationship [VIDEO]
- July 2,2014
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- Lucien Zeigler
Last week’s FocusKSA discussion brought together leading thinkers and analysts to discuss the advance of ISIS in Iraq and hash out the implications for key players, especially the United States and Saudi Arabia. In his opening remarks, Hardin Lang, Senior Fellow, Center for American Progress (CAP), discussed the findings from the just-released CAP study, co-written with Brian Katulis […]
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HRDF’s New Priority: Business Education Scholarships For Saudi’s Young Private Sector Leaders
- June 11,2014
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- Bill Connor
Since its inception in 2000, the primary mission of the Saudi Human Resources Development Fund (HRDF) has been to provide job training and locate entry-level employment for young Saudis. But thanks to a new partnership with The Madinah Institute for Leadership and Entrepreneurship (MILE), HRDF now has another ambitious goal: to educate and support Saudi’s […]
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PHOTOS: The 2014 SACM Career Fair at the Gaylord Hotel in Washington DC
- May 30,2014
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- Lucien Zeigler
The recently completed 2014 SACM Career Fair brought together over 12,500 Saudi graduates and leading employers in Saudi Arabia to match talent with opportunities. Leading companies from the U.S., Saudi Arabia and around the world set up booths to meet the recent graduates, introduce their companies, and discuss employment opportunities.
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SMEs in Saudi Arabia: How the Supreme Economic Council Can Support SME Growth in the Kingdom
- May 20,2014
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- John Sfakianakis
SMEs (small and medium-sized enterprises) are key to an economy’s growth and account for 60% to 70% of jobs in most Organisation for Economic Cooperation and Development (OECD) countries, with a particularly large share in Italy and Japan, and a relatively smaller share in the US. The percentage contribution of SMEs to GDP/total value added […]
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Saudi Crown Prince and Canadian PM discuss over phone efforts to de-escalate regional tensions
Saudi Crown Prince and Prime Minister Mohammed bin Salman received a phone call from Canadian Prime Minister Justin Trudeau on Tuesday. During the call, the leaders emphasized the importance of supporting efforts to de-escalate tensions and achieve security, peace, and stability in the region. They discussed developments in Gaza and the occupied Palestinian territories, the latest updates from Syria, in addition to several other topics of mutual interest. The leaders also reviewed bilateral relations and discussed ways to enhance them in various fields.
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Saudi, Malaysian foreign ministers chair cooperation meeting in Riyadh
Saudi Minister of Foreign Affairs Prince Faisal bin Farhan and his Malaysian counterpart chaired the first meeting of the Saudi-Malaysian Coordination Council in Riyadh on Tuesday. Following the meeting, Prince Faisal and Dato’ Seri Utama Hajji Mohamad bin Hajji Hasan, Malaysian minister of foreign affairs, signed a memorandum of understanding on mutual exemption from a short-stay visa for holders of diplomatic, private or official passports.
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Saudi Arabian low-fare carrier opens new Egypt route
Saudi Arabia’s low-fare carrier, flynas, has inaugurated a new route connecting Medina Prince Mohammad bin Abdulaziz Airport (MED) and Giza Airport (SPX) in Egypt. The new service will operate three times a week, offering travelers budget travel to Cairo, which is served by Giza. The airline says the route supports the goals of the Saudi national Civil Aviation Strategy, which aims to significantly increase passenger traffic and tourism to the Kingdom by 2030. The airline now connects five Saudi cities to various Egyptian destinations, including Cairo, Sohag, Sharm El-Sheikh, Hurghada, and El Alamein.
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PIF sets up company to develop Saudi hotel brands
Khalid Johar, co-head of local real estate portfolio at PIF, said: “The launch of Adeera comes at a pivotal time when Saudi Arabia is expanding its hospitality and tourism offerings. The company has the opportunity to grow the sector by introducing new hotel brands as the country is establishing itself as a major tourism destination. Adeera’s unique focus on Saudi culture and traditions will provide a distinctive edge.” Adeera has been described as “a national champion” that will build new world-class Saudi hotel brands across the sector, from mid-range to ultra-luxury, and create programmes to train Saudis in the hospitality sector.
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Saudi Arabia Launches Its First-Ever Cruise Ship in Jeddah
Saudi Arabia has officially launched its first-ever cruise ship, AROYA, at the Jeddah Islamic Port, marking a significant step in the Kingdom's growing cruise tourism sector. The new ship, introduced by Cruise Saudi, is set to boost the nation’s efforts to enhance its maritime tourism offerings and attract international travelers. The AROYA cruise ship features a state-of-the-art design with 19 decks and a total of 1,678 cabins and suites. The vessel can accommodate up to 3,362 passengers, making it one of the largest in the region.
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Top White House advisor travels to Middle East in last ditch push for a Gaza deal
White House national security adviser Jake Sullivan is expected to travel to Israel, Egypt and Qatar this week in a last ditch effort to reach a hostage-release and ceasefire in Gaza deal before President-elect Trump's inauguration in six weeks, two sources with knowledge of the trip told Axios.
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Gulf monarchies scramble in Syria as ghosts of the Arab Spring return
Gulf states who spent years trying to crush Islamic political movements viewed as a threat to their rule are now reconciling, potentially working with a government in Syria headed by Hay'at Tahrir al-Sham (HTS) that is backed by rival Turkey and courting the US. Saudi Arabia, the UAE and Egypt have been caught off guard by what one Egyptian diplomat characterised to Middle East Eye as the “quick rebranding” of HTS, a former al-Qaeda affiliate. The UAE has also been unnerved by the US’s manoeuvring to open backchannels of communication to HTS via Turkey, according to a senior western official.
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Saudi Arabia and international arbitration: modern and ambitious
The growth of new centers of international arbitration in areas of the world not historically associated with this form of cross-border dispute resolution has been a key trend in the evolution of international arbitration over the last 20-30 years. The Kingdom of Saudi Arabia (KSA) has emerged as a country to watch in an increasingly competitive global marketplace for arbitration work. This article discusses the key features of the 2023 Arbitration Rules of the Saudi Center for Commercial Arbitration (SCCA).
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Amid euphoria of Assad’s fall, anxiety about governing Syria
Photos from the Syrian capital Damascus on Tuesday showed the surreal scene of the intransigent Assad’s former ministers sitting at a huge table with representatives of the Turkish-backed Syrian rebel group, Hayat Tahrir al-Sham (HTS), that entered Damascus on Saturday and moved to form an interim government. Behind the HTS-appointed interim Prime Minister Mohamed al-Bashir stood two flags: the green, white and black Free Syrian flag of the broad anti-Assad coalition; and HTS’s white flag with black writing, that represented the jihadi rebel group that has run the northwestern Syrian city of Idlib the past several years.
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Parsons signs deal to improve Riyadh’s road network
US company Parsons Corporation has won a contract to manage the development of Riyadh’s road network, as the Saudi capital city gears up to host Expo 2030 and the Fifa World Cup 2034. The $53-million three-year contract was awarded by the Royal Commission for Riyadh City (RCRC) to the New York Stock Exchange-listed company, which will offer programme management office (PMO) services on the city’s main and ring roads programme. As part of the contract, Parsons will be the PMO for all new major road development programmes in Riyadh, providing overall management and control of construction activities. The programme includes 500km of new and improved road corridor works.
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