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U.S. House to Allow Vote on Controversial JASTA Bill This Week
The U.S. House of Representatives will vote this week on a bill allowing the families of 9/11 victims to sue Saudi Arabia in U.S. courts, a Republican leadership source told Politico Wednesday. The highly-politicized Justice Against Sponsors of Terrorism Act (JASTA) bill, which President Obama said would receive his veto should it make it to […]
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Report: $20 Billion in Projects may be Canceled; Ministerial Budgets Squeezed as Saudis Adapt to Low Oil Prices
A report in Bloomberg today said that Saudi Arabia is considering canceling more than $20 billion of projects in addition to making deep cuts to ministry budgets as the Kingdom takes austerity measures due to low oil prices. The budget cuts to some ministries could be as much as 25%, the Bloomberg report said. Overall, the government is […]
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Jadwa: Economic Data for July Shows ‘Mixed Picture’ for Saudi Economy
Recently-released Jadwa Investment monthly chartbook data on the Saudi economy for July showed “a mixed picture in economic activity,” the Riyadh-based investment firm said, noting that data on point-of-sale transactions and ATM withdrawals showed a notable slowdown in July, while the non-oil PMI rose to a 2016 high. The Saudi unemployment rate rose slightly to 11.6 […]
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Deputy Crown Prince to Promote Saudi Vision 2030 in Japan, China and at G20
Saudi Deputy Crown Prince, Minister of Defense and head of the influential Council of Economic and Development Affairs, HRH Mohammed bin Salman, plans to visit China August 29-31 and Japan August 31-September 3. Prince Mohammed will then attend the Group of 20 Summit September 4-5 to be held in Hangzhou, China where he will be […]
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John Kerry to Visit Saudi Arabia
U.S. Secretary of State, John Kerry, will travel to Kenya, Nigeria and Saudi Arabia next week as part of a tour that is expected to focus on counter terrorism. Secretary Kerry is expected to be in Jeddah on Wednesday, August 24th. AFP reports that Secretary Kerry will meet with his counterparts from the six-nation Gulf […]
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Ematah (Removal) Campaign Addresses Saudi Litter
The ‘Crying Indian’ was one of the most iconic images on American television in the 1970s. Produced by the Keep America Beautiful organization it featured Iron Eyes Cody as a Native American distraught over the amount of pollution and litter there was in the United States. Litter was a significant issue in America at the […]
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As Entertainment Industry Develops, A ‘Great Opportunity’ for Cinema Business Awaits in Saudi Arabia
With Deputy Crown Prince Mohammed bin Salman’s recent visit to the United States that included meetings with several top entertainment industry executives in Silicon Valley, it is quite possible that entertainment options in Saudi Arabia could be dramatically greater in a decade. But what will that look like? The Vision 2030 document states that the Kingdom’s leaders “consider culture […]
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U.S. State Department Approves Potential $1.15b Sale of 130 Abrams Battle Tanks, 20 Armored Recovery Vehicles to Saudi Arabia
The U.S. State Department has approved the potential sale of more than 130 Abrams battle tanks, 20 armored recovery vehicles and other equipment, worth about $1.15 billion, to Saudi Arabia, the Pentagon said on Tuesday. “The State Department has made a determination approving a possible Foreign Military Sale to the Kingdom of Saudi Arabia for […]
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Gallup Poll on Saudi Attitudes About Economy, Prosperity Sees Hope after Oil, Divide Between Saudis and Expats
A recently released Gallup poll, conducted shortly after the announcement of Vision 2030, found that nearly half of adults (48%) rate their lives well enough to be considered “thriving,” up significantly from 35% a year earlier. Such a large shift in thriving rates in a single year “is rare in any country,” Gallup said. However, there is a sharp […]
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Saudi Presents Investigation into Coalition Bombings in Yemen
An investigative committee examining charges that the Saudi-led coalition fighting against Houthi rebels in Yemen has caused civilian casualties largely defended their actions, Reuters reports. According to the Saudi Press Agency (SPA), the coalition’s investigative committee is independent and composed of representatives from six countries, all members of the Gulf Cooperation Council, in addition to […]
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Saudi Arabia detains public servant on corruption charges
Royal Commission for Al Ula Chief Executive Amr bin Saleh Abdulrahman AlMadani is accused of abuse of authority and money laundering prior to joining the public sector, the Oversight and Anti-Corruption Authority (Nazaha) wrote on X late on Sunday.
AlMadani allegedly illegally secured contracts for a company he co-owns from a government research entity via a relative, who along with two other accused had also been charged, Nazaha said.AlMadani was also accused of recommending the same company he co-owns to the commission, which secured contracts with it worth 1.3 million riyals ($346,685), the government agency said. -
WTA facing pushback on mulled Finals move to Saudi
Little more than two years after the WTA was lauded by human rights advocates for suspending its tournaments in China, the women's tour risks angering those same activists as it mulls moving its season-ending Finals to Saudi Arabia. Speculation about the event heading to the Gulf country has intensified and there has already been significant pushback from within the game, most notably from tennis greats Chris Evert and Martina Navratilova. Saudi Arabia has invested heavily in sports like soccer, Formula One and golf over the last few years even as critics accuse the kingdom of using its Public Investment Fund to "sportswash" its human rights record.
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PV may help CSP reduce its LCOE by 18% in Saudi Arabia
Researchers have found that the current levelized cost of energy (LCOE) for concentrated solar power (CPS) plant in Saudi Arabia could be as low as $0.137/kWh. However, combining the tech with PV would significantly enhance the cost competitiveness of CSP.
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Saudi AAM Initiative to provide safe and most developed means of air mobility in Mideast
This includes a wide range of innovative solutions ranging from small unmanned aircraft to aircraft with vertical take-off and landing. These technologies will be able to provide safe, sound, sustainable and faster means of transport for people and goods, characterized by high technical capabilities that contribute to alleviating congestion on the roads and facilitating easy access to remote areas in the country, and thus contributing to achieving overall economic and social development.
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Smart grids could improve Saudi Arabia’s renewables potential
Saudi Arabia’s traditional power grid faces challenges such as transmission losses, low efficiency, and limited ability to accommodate renewable energy sources, creating the need for a modernized smart grid.
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Top art exhibitions in the UAE and Saudi Arabia to see this spring
As the calendar ticked over to 2024, art institutions in the Gulf began setting the stage for some of their best exhibitions of the year.
The UAE will host Art Dubai and March Art Week, while Saudi Arabia has a growing fixture of events anchored by the Diriyah Biennale Foundation as well as exhibitions and biennials staged in AlUla.
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Saudi Aramco Looks to Secure More Downstream Oil Deals in Asia
Aramco is looking to seal more downstream deals in Asia, particularly in China and India, as it bets on continued demand growth in its most important market for long-term buyers of its crude, the Saudi oil giant’s Downstream President Mohammed Al Qahtani told Bloomberg in an interview. Saudi Aramco, the world’s top crude exporter and the biggest oil firm in terms of both production and market capitalization, has already struck several deals to buy stakes in Chinese refining and chemical projects and has recently entered Pakistan’s downstream sector. But it is on the hunt for more deals. “Really, the big growth markets for us are China, India and southeast Asia,” Al Qahtani told Bloomberg in an interview in Dhahran, Saudi Arabia.
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Saudi Arabia’s NEOM: $500 bln project unveils new mega resort and nature sanctuary
Saudi Arabia’s NEOM – the Kingdom’s $500 billion mega business and tourism project – has announced plans to develop a new mega luxury resort amid a restored sanctuary filled with animals and wildlife.
Spread across four square kilometers, ‘Zardun’ will be a “carefully restored haven filled with native plants and animals”, which will feature an exclusive nature-based resort that will host four ultra-luxury signature buildings, NEOM said in a statement.
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Commentary: Is America’s Tower 22 in Jordan ‘ground zero’ for a new battlefront in the Middle East?
The killings have transformed the third flashpoint in the region, repeated attacks on US troops and facilities in the Middle East, from the least to the most alarming minefield. It now outstrips – at least, for Americans – daily violence on the Israel-Lebanon border and Houthi piracy in the Red Sea. Responding to the attack with firmness, yet also without intensifying a drift towards regional conflict, will be the most challenging spill-over yet of the October 7 crisis for the Biden administration.
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Biden faces pressure to strike Iran after US troops killed
The killing of three U.S. troops and wounding of dozens more on Sunday by Iran-backed militants is piling political pressure on President Joe Biden to deal a blow directly against Iran, a move he's been reluctant to do out of fear of igniting a broader war.Biden's response options could range anywhere from targeting Iranian forces outside to even inside Iran, or opting for a more cautious retaliatory attack solely against the Iran-backed militants responsible, experts say.
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