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Deputy Crown Prince: Saudi National Transformation Plan Part of Larger ‘Vision for the Kingdom of Saudi Arabia’ to be Unveiled April 25
- April 18,2016
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- SUSTG Team
During another interview with Bloomberg last week Deputy Crown Prince Mohammed bin Salman said the “Vision for the Kingdom of Saudi Arabia” – a comprehensive plan the includes developmental, economic and social aspects and is intended to position Saudi Arabia for a post-oil era – will be announced on April 25th. The National Transformation Plan […]
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Saudi Students in the U.S. Drop by 33% as Popular Program Undergoes ‘Re-Evaluation’
- April 13,2016
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- SUSTG Team
According to Dr. Mohammad Al-Isa, Cultural Attaché to the United States, the number of Saudi students studying in the United States has fallen from 120,000 in 2015 to 80,000 in 2016, reports Arab News. The drop comes as the popular program has been “re-evaluated,” with new scholarship program guidelines that are significantly tighter and limit participants to […]
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King Salman Arrives in Turkey after Egypt visit, Awarded Highest State Medal by Erdogan in Ankara
- April 12,2016
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- SUSTG Team
Following a 5-day trip to Egypt, Saudi Arabia’s King Salman visited Turkey, a key ally in the struggle to defeat the self-described ISIS in neighboring Syria and Iraq. King Salman met today with Recep Tayyip Erdoğan and will stay in Ankara until Wednesday, and then will travel to Istanbul for the 13th annual meeting with the Organization of […]
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In Yemen, Airstrikes, Demonstrations, and a Prisoner Swap Ahead of Planned April 10 Ceasefire
- March 28,2016
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- SUSTG Team
The Saudi-led coalition fighting Shi’ite rebels in Yemen said Monday it released 109 Yemeni detainees in exchange for nine Saudis who were being held as the war moves toward winding down, according to reports. With a deadline of April 10th for a cessation of hostilities and peace talks in Kuwait to follow, the Saudi-led war […]
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Council of Economic and Development Affairs Approves Over 130 Reforms to Evolve Saudi Arabia’s Economy
- March 23,2016
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- SUSTG Team
Saudi Arabia’s most influential economic policy-making body has approved 133 recommendations on improving the competitiveness of the Kingdom’s economy, which will be announced within the next six months. Saudi Arabia’s Council of Economic and Development Affairs (CEDA) – the main economic policy making agency which includes 22 key ministers and his chaired by Deputy Crown […]
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Ahead of Obama’s Visit in April, Four U.S. Senators Visit Saudi Arabia
- March 22,2016
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- SUSTG Team
HRH King Salman and other top Saudi leaders met in Riyadh with four visiting U.S. Senators ahead of a scheduled visit by U.S. President Barack Obama in April. The delegation included ranking Senate Foreign Relations Committee member Ben Cardin, D-M.D., and included Democratic Sen. Ed Markey of Massachusetts, Republican Sen. Cory Gardner of Colorado and […]
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Amazing Flower Festivals Color Saudi Cities
- March 16,2016
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- SUSTG Team
Flower festivals across Saudi Arabia are coloring the Kingdom as the spring season arrives. A festival in Riyadh put on display over 1.4 million flowers in a “carpet” pattern displaying the Saudi flag and other images using only flowers. Another festival in Yanbu similarly dazzles visitors with thousands of flowers of all colors. The Flower […]
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Saudi Arabia’s Ambassador to the U.S. Prince Abdullah Al-Saud Writes in Huffington Post
- March 10,2016
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- SUSTG Team
Saudi Arabia’s Ambassador to the United States Prince Abdullah bin Faisal bin Turki Al-Saud has written his first op-ed since his arrival in Washington. The post, “Confronting Extremism,” was published in the Huffington Post. “Extremism, especially violent extremism, is a scourge on the planet. Those who promote extremist ideologies or sponsor acts of violence in […]
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Riyadh Metro’s New Trains will have Three Separate Classes of Cars
- February 26,2016
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- SUSTG Team
The trains for Riyadh’s forthcoming metro project on lines 1 and 2 will have three separate classes of cars for citizens and expats, according to reports. The Siemens-built trains will have a first class for men with “gold-colored seats” that are wider than other sections. A second section will be for families, which in Saudi […]
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Collapse in Oil Prices Hits Saudi S&P Credit Rating
- February 18,2016
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- SUSTG Team
Saudi Arabia and other oil-producing nations saw a cut in credit ratings by Standard & Poor’s on Wednesday amid the collapse in crude oil prices, according to reports. According to Forbes, Saudi Arabia is now rated A-, “a two notch downgrade from S&P’s previous rating of A+, [and] is forecast to have a current account deficit […]
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Jerusalem EmbassySaudi Arabia rejects transfer of U.S. embassy to Jerusalem: state TV
Saudi Arabia’s council of ministers on Tuesday reaffirmed the kingdom’s rejection of Washington’s decision to move its Israeli embassy to Jerusalem, state media said, a day after the mission’s opening. “This step represents a significant bias against the historical, permanent rights of the Palestinian people in Jerusalem,” the report said.
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Iran SanctionsU.S. Sanctions on Iran Set to Return: A Simple Explainer
Based on the JCPOA, the U.S. had issued General License H. This General License broadly allowed non-U.S. subsidiaries of U.S. companies to engage in business activities with Iran.
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Aramco Trading CompanySaudi Aramco trading arm ATC sells first U.S. oil to United Arab Emirates: sources
The sale marks Aramco Trading Company’s (ATC) first U.S. crude spot trade, the people said, with ATC tapping Aramco’s Motiva Enterprises [MOTIV.UL] unit in the United States as a supply source for two shipments to the UAE.
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U.S. Embassy in JerusalemU.S. Embassy Opens In Jerusalem As Netanyahu Praises Trump’s ‘Real Leadership’
Israeli Prime Minister Benjamin Netanyahu said he was happy to host the "distinguished" U.S. delegation in Israel representing Trump, writing in a tweet: "Welcome to Jerusalem–our capital!"
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Iran Nuclear AgreementRhetoric over U.S. exit from Iran deal rises amid threat of sanctions
The United States threatened on Sunday to impose sanctions on European companies that do business with Iran, as the remaining participants in the Iran nuclear accord stiffened their resolve to keep that agreement operational.
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TechnologyHere’s What’s Next In The Saudi Prince’s Multi-Billion Dollar U.S. Tech Play
"The Prince is not interested in creating Silicon Valley in Saudi Arabia," explains Deema Al-Yahya, Secretary-General, National Digitization Committee, CEO of National Digitization Unit and Advisor and the CEO of Misk Innovation.
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Saudi BanksSaudi banks plan U.S. dollar bonds despite ample liquidity: sources
At least three commercial banks in Saudi Arabia are preparing U.S. dollar debt issues, banking sources said, in what would be the first hard-currency debt sales by Saudi banks in several years.
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Iran Nuclear AgreementImplementation Memo: Ceasing U.S. Participation in the JCPOA
Ceasing United States Participation in the Joint Comprehensive Plan of Action and Taking Additional Action to Counter Iran’s Malign Influence and Deny Iran All Paths to a Nuclear Weapon
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Iran SanctionsFresh U.S. Sanctions Not Likely to Strangle Iran’s Oil Market
If the United States seeks the same kind of restrictions on Iranian oil exports as those under the Obama administration — the main cudgel used to batter the Iranian economy and regime into submission — that could mean a reduction of about 20 percent, or as much as 400,000 to 500,000 barrels a day.
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DronesU.S. to reveal winners of drone program that has attracted top companies
The wide interest in the U.S. initiative, launched by President Donald Trump last year, underscores the desire of a broad range of companies to have a say in how the fledgling industry is regulated and ultimately win authority to operate drones for everything from package delivery to crop inspection.
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