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Hajj 2016 Begins: Millions Gather in Saudi Arabia
An estimated two million pilgrims have converged in Saudi Arabia for the start of the annual Hajj pilgrimage today, lasting until Wednesday, September 13th. 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 more than 150 countries will embark on […]
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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 Arabia Macroeconomic Boom: 8.7% GDP Growth, Vision 2030 & $7.6% Fiscal Surplus Fuel Transformation Journey
Saudi Arabia's macroeconomic landscape is experiencing a dynamic shift, fueled by surging oil prices, ambitious diversification efforts, and transformative Vision 2030 initiatives. Ken Research's "Saudi Arabia Macroeconomic Assessment" report paints a vibrant picture, highlighting key trends, opportunities, and challenges for businesses and investors. This press release delves into the report's insights, offering a snapshot of the Kingdom's evolving economic landscape.
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Major Gulf markets gain after Israel says it ‘concluded’ Gaza strikes
Major stock markets in the Gulf rose in early trade on Monday after Israel said it had "concluded" a series of strikes on southern Gaza. The Israeli military said on Monday it had conducted a "series of strikes" on southern Gaza that have now "concluded," days after Israeli Prime Minister Benjamin Netanyahu rejected a ceasefire proposal from Hamas.
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Saudi energy minister reveals why Aramco cut oil target by 1m bpd
Saudi Arabia’s minister of energy, Prince Abdulaziz bin Salman Al Saud, revealed Monday why state-oil company Aramco cut its oil output by 1 million barrels per day (bpd) at the end of last month. On Jan. 30, Aramco, the world's biggest corporate crude producer, announced that the Energy Ministry had ordered it to halt its oil expansion plan and set a minimum sustained production capacity of 12 million bpd, 1 million bpd below its target announced in 2020 to be reached in 2027.
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Saudi Arabia Sends $250 Million to Prop Up Yemeni Government
Saudi Arabia said Sunday it had disbursed $250 million in aid to the internationally recognized government in Yemen, which the Gulf kingdom has backed in a war against Houthi rebels. The money follows an initial payment of the same amount announced in August, when Riyadh committed to provide $1.2 billion to ease the government's budget deficit and pay civil servants salaries. "The second batch of the grant to support addressing the budget deficit for the Yemeni government was transferred to the Central Bank of Yemen in Aden, amounting to $250 million to support salaries, wages and expenses," Mohammed al-Jaber, the Saudi ambassador to Yemen, said on social media.
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With over half the seats counted, Imran Khan’s supporters lead in Pakistan polls
Independents backed by jailed former Prime Minister Imran Khan won the most seats in Pakistan's election on Friday after results from over half the constituencies were announced, leaving political parties trailing. Almost 24 hours have passed since the close of polls and the results have been unusually delayed, which the government ascribed to the suspension of mobile phone services - a security measure ahead of Thursday's election.
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Netanyahu’s delusional, deadly quest for ‘total victory’
The United States’ top diplomat returned home from his fifth wartime trip to the Middle East with a virtual slap in the face from Israel’s leader. After conducting a diplomatic blitz through Arab capitals, Secretary of State Antony Blinken took a new set of proposals outlining a possible truce between Israel and Hamas and the release of Israeli hostages in Gaza to Tel Aviv.
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How sports is inspiring Saudis to defy restrictive norms and expectations
In August 2023, the Saudi Sports for All Federation (SFA) launched the Museum of Extinct Mobility, a virtual reality experience that alerted Saudis to what a dystopian motionless life would look like if they were to continue with a sedentary lifestyle. Over 14,000 participants engaged with the virtual museum in just one month, and what has become an awakening campaign succeeded in driving 710,000 actions and sparking vital conversations about physical activity.
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Saudi Arabia hosts Arab consultative meeting on Gaza
facebook sharing buttontwitter sharing buttonreddit sharing buttonwhatsapp sharing buttonemail sharing buttonsharethis sharing button Saudi Arabia yesterday hosted an Arab Consultative Meeting to address the dire situation in the Gaza Strip, where Palestinians have suffered under more than 125 days of Israel’s genocidal bombing campaign. Attended by Saudi Foreign Minister Prince Faisal Bin Farhan Bin Abdullah and his counterparts from Egypt, Qatar, Jordan, and the UAE, the meeting also included the Secretary of the Executive Committee of the Palestine Liberation Organisation (PLO), Hussein Al-Sheikh. Earlier in the day, the Jordanian Foreign Ministry said: “Deputy Prime Minister and Foreign Minister Ayman Safadi is participating on Thursday in the Arab ministerial consultative meeting hosted by the Saudi Foreign Minister Faisal Bin Farhan in Riyadh to discuss the developments of the Israeli war in the Gaza Strip.”
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Unless Biden exerts real pressure on Israel, Saudi Arabia will not normalize relations
The administration’s inability to move Benjamin Netanyahu to focus on hostage release rather than indefinitely prolonging the four-month-old war, outlining a future for Gaza and curbing his extremist ministers’ more outlandish statements regarding that future — or, better yet, just firing them — has increasingly frustrated Riyadh.
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Saudi Arabia announces successful bidders for 3.7GW solar projects
The Saudi Power Procurement Company (SPPC) has unveiled the qualified bidders for the fifth round of 3.7GW solar projects under the National Renewable Energy Programme (NREP) in Saudi Arabia, including several major renewables developers. In an announcement published by the Saudi Press Agency, the SPPC announced that Masdar, EDF Renouvelables, Itochu Corporation, Total Energies Renewables, and Saudi Electricity Company were among the companies that won bids.
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