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New York Times Profiles New Saudi Ambassador to the U.S. Prince Khaled bin Salman
- September 13,2017
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- SUSTG Team
The New York Times published a profile and interview with Saudi Arabia’s new Ambassador to the United States Prince Khaled bin Salman and the significant role the young prince will play in the U.S.-Saudi diplomatic and economic relationship. Prince Khaled, who is brother of the Crown Prince Mohammed bin Salman and son of King Salman, […]
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Al-Falih: Steps Taken by OPEC Have Brought Greater Stability, Further Cuts Eyed
- September 11,2017
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- SUSTG Team
Saudi Arabia’s Minister of Energy, Industry, and Mineral Resources Khalid Al-Falih said he agreed with other OPEC nations to keep all options open in the organization’s push to re-balance world oil markets, “including the possible extension of output cuts beyond next March,” according to reports. According to three emailed statements from his ministry obtained by Bloomberg, steps taken by […]
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‘NTP 2.0’ Keeps Key Policies and Privatization Plans in Place, Report Says
- September 8,2017
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- SUSTG Team
Revision to Saudi Arabia’s National Transformation Plan (NTP), dubbed ‘NTP 2.0’ that was released a year ago will keep key policies of fiscal reforms and a massive privatization program in place, sources familiar with the matter told Reuters. “It is looking increasingly unlikely that some of the targets can be hit by their 2020 deadline, however, partly […]
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Ambassador Prince Khaled bin Salman Phones Tex. Gov Abbott to Express Saudi Support after Harvey as Students Pitch In
- September 5,2017
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- SUSTG Team
Saudi Arabia’s Ambassador to the United States Prince Khaled bin Salman telephoned Texas Governor Greg Abbott to confirm that Saudi Arabia supports the American people following the disaster of Hurricane Harvey. Harvey, which flooded many parts of Texas and Louisiana and caused dozens of deaths and billions in damage, was one of the worst storms to […]
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Eid Mubarak from the SUSTG Team
- September 1,2017
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- SUSTG Team
This week marks the start of Eid al-Adha, the greater of the two Eid celebrations and one of the holiest occasions in the Islamic calendar. The SUSTG team wishes our readers and Muslims around the world a happy and blessed Eid season!
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Trump, King Salman Discuss Qatar Crisis in Phone Call
- August 31,2017
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- SUSTG Team
U.S. President Donald Trump spoke with Saudi King Salman on Wednesday and urged “all the parties in the Qatar dispute” to find a diplomatic resolution to end the crisis, according to a White House statement. According to a White House readout of the call, President Trump and King Salman “discussed the need to defeat terrorism, cut off […]
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Ambassador Prince Khaled bin Salman Meets with Young Saudis in Tech in California
- August 30,2017
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- Lucien Zeigler
Saudi Arabia’s Ambassador to the United States HRH Prince Khaled bin Salman met with young Saudi men and women working in Silicon Valley this week, telling the young employees of major U.S. tech firms “I see our future in you. Our leadership is betting on your success,” according to accounts of the meeting. The meeting with […]
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Dow Chemical to Buy 15% More of Sadara to Boost Stake to 50%
- August 29,2017
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- SUSTG Team
Dow Chemical plans to buy an additional 15 percent stake in its $20 billion joint venture with Saudi Aramco, the companies said on Monday according to reports. The U.S.-Saudi joint venture, named Sadara, aims to transform Saudi Arabia “from a consumer and importer to a global exporter,” according to Saudi Energy Minister Khalid al-Falih. U.S.-based Dow Chemical […]
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With Hajj Beginning on Wednesday, Saudi Arabia Welcomes Millions from 178 Countries
- August 28,2017
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- SUSTG Team
Saudi Arabia is making final preparations and welcoming millions of pilgrims into its borders for the annual Hajj pilgrimage, which begins Wednesday and lasts until September 4. The hajj is one of the five pillars of Islam, which capable Muslims must perform at least once, marking the spiritual peak of their lives. Worshippers from over […]
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Looking East, Saudi Arabia Plans $20b Investment Fund with China, Al-Falih Says
- August 24,2017
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- SUSTG Team
Saudi Energy Minister Khalid al-Falih said that the Kingdom and China plan to establish and operate jointly a $20 billion investment fund, sharing costs and profits on a 50:50 basis, according to a Reuters report based on comments from the minister. H.E. Al-Falih, who is Saudi Arabia’s Minister of Energy, Industry, and Mineral Resources, was […]
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MUST-READS
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Saudi Arabia’s Fawaz Alhokair signs franchise deal with France’s Fnac Darty
Saudi Arabia's Fawaz Alhokair Group (4240.SE) said on Tuesday it would open the kingdom's first Fnac Darty (FNAC.PA) store in 2022 after signing a franchise deal with the French consumer electronics retailer.
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Saudi National Bank posts 20% rise in quarterly profit
Saudi National Bank (SNB), the country's biggest lender, posted a 20.3% rise in first-quarter net profit on Monday with lower impairments and higher fees, in a sign that the economy has been recovering from last year's pandemic lockdowns. SNB reported a net profit of 3.4 billion riyals ($907 million) for the quarter that ended on March 31, up from 2.8 billion riyals in the same period a year earlier.
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The Hot List: Meet Carlos Duarte, climate researcher in Saudi Arabia
It might seem improbable that a marine biologist committed to solving climate change is advising the leaders of a nation known for its intransigence over the years at international climate talks. But Duarte says the Saudi government has embraced – and is financing – many solutions he has long advocated.
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Resilience Needed to Jump Start Final Stages of Energy Transition, Study Finds
Only 13 out of 115 countries have made steady gains in ETI scores in the past decade, highlighting that progress has been uneven.
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Schneider Electric Partners with GREENER by IHCC to Develop Saudi Arabia’s Electric Vehicle Sector
Schneider Electric and GREENER by IHCC have signed a partnership agreement that is set to drive Saudi Arabia's nascent and fast-growing electric vehicle (EV) sector.
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Saudi Arabia’s Al Rajhi Bank’s first quarter profit surges 40% on stronger economic recovery
Al Rajhi Bank, Saudi Arabia’s second-largest lender by assets, reported a 40 per cent increase in first-quarter net profit on the back of lower impairment charges and higher net income from special commissions, financing and investments as the Arab world’s biggest economy recovers from the coronavirus pandemic.
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Saudi Aramco part of $50 million funding round for industrial analytics company
Seeq has a set of applications which allow engineers and scientists in process manufacturing organizations to rapidly analyze, predict, collaborate, and share insight. The company operates across oil and gas, pharmaceutical, chemical, energy, mining, food and beverage, and other process industries.
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Ramadan 2021: Ahmad Al Shugairi’s new show ‘Seen’ charts Saudi Arabia’s rapid transformation
It all begins with a question. That’s the premise behind Seen, the entertaining and informative show hosted by Ahmad Al Shugairi. Named after the letter that begins "so’al", the Arabic word for question, the programme airs every night on MBC 1 at 6.10pm in Saudi Arabia (7.10pm UAE time) and marks the return of the popular Saudi personality after seven years away from the small screen.
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Saudi’s Abdul Latif Jameel Health launches “pioneering” heart surgery procedure in the GCC
First launched in Japan in 2007, the AVNeo has since been implemented in over 20 countries, including the United States, Germany, Russia, Italy, and the United Kingdom. It utilises a patient’s pericardium tissue, which reduces costs associated with surgery as well as decreasing the likelihood of an allergic reaction.
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China hesitant over J-10C barter deal with cash-strapped Iran: experts
Reports of Tehran’s interest in the jet have been circulating on Chinese social media platforms for months, with the expiry in October last year of the UN’s 13-year arms embargo which prohibited Iran from buying foreign weapons like tanks and fighter jets. “The key problem is Iran can’t pay dollars or euros in cash to China, they prefer using oil and natural gas to exchange weapons,” said Zhou Chenming, a researcher with the Yuan Wang think tank, a Beijing-based military science and technology institute.
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