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Reports Say Saudis, Iran Held Direct Talks Facilitated by Iraqis
- April 19,2021
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- SUSTG Team
The London-based Financial Times reports that Saudi Arabia and Iran have held direct talks in Iraq on easing tensions, with the process being facilitated by Iraqi prime minister Mustafa al-Kadhimi, who held talks with Prince Mohammed in Riyadh last month.
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New Regulatory Framework Aims to Encourage Foreign Ownership of Real Estate in Saudi Arabia – Report
- April 15,2021
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- SUSTG Team
A new report in the London-based Asharq Alawsat revealed an under-consideration initiative within a larger national strategy new regulations enabling non-Saudis’ ownership of real estate in the Kingdom, a move that hopes to attract foreign capital and increase investments in the sector.
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Unemployment for Saudi Nationals Nears Pre-Pandemic Levels in Q4 2020
- March 31,2021
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- SUSTG Team
Unemployment among Saudi nationals fell to 12.6% in the fourth quarter, “moving closer to pre-pandemic levels as coronavirus cases in the kingdom declined and business picked up,” Bloomberg reports, citing data from the General Authority for Statistics. The figure represents a drop of 2.3% from 14.9% in the Q3 2020.
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President Joe Biden, Saudi Arabia’s King Salman Speak by Phone in First Call of New U.S. Administration
- February 26,2021
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- SUSTG Team
President Joseph R. Biden, Jr. spoke today with King Salman bin Abdulaziz al-Saud of Saudi Arabia to discuss the longstanding partnership between the United States and Saudi Arabia, the first such call between the two G20 nation leaders since Biden took office in January.
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Secretary of Defense Lloyd J. Austin III, Crown Prince Mohammed bin Salman Speak by Phone
- February 19,2021
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- SUSTG Team
On February 18, Secretary of Defense Lloyd J. Austin III spoke by phone with Crown Prince and Minister of Defense Mohammed bin Salman to “reaffirm the strategic defense partnership between the United States and the Kingdom of Saudi Arabia,” the Pentagon said in a readout of the call.
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U.S. Treasury Secretary Janet Yellen, Saudi Finance Minister Mohammed Al-Jadaan Speak by Phone to Discuss Coronavirus, Economic Recovery
- February 18,2021
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- SUSTG Team
U.S. Treasury Secretary Janet Yellen and Saudi Finance Minister Mohammed Al-Jadaan discussed the coronavirus pandemic and other issues during a call on Wednesday, the U.S. Treasury Department said. The call is the first between the two finance chiefs after Yellen’s approval as President Joe Biden’s Secretary of the U.S. Treasury.
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Saudi Arabia Fends Off Houthi Attacks on Civilian Targets, Will Continue to Treat Houthis ‘As a Terrorist Organization’
- February 15,2021
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- SUSTG Team
Yemen’s Houthi group said on Monday it had struck Saudi Arabia’s Abha and Jeddah airports with drones, knocking operations offline at the two international airports for two hours in a continuation of seemingly relentless attacks aimed at civilians. The Houthis confirmed the attacks on their Twitter account, according to Reuters. There was no Saudi confirmation […]
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Saudi Arabia’s Non-Oil PMI Ended 2020 with ‘Remarkable Rise’, TASI Flat in January – Jadwa Investment
- February 1,2021
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- SUSTG Team
Saudi Arabia’s non-oil Purchasing Managers Index (PMI) ended the year with a “remarkable rise” in December, with the index hitting its highest reading since November 2019, Jadwa Investment said in its latest Chartbook publication dated February 2021.
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In Rare Televised Appearance, Crown Prince Mohammed bin Salman Launches ‘The Line’, a Zero-Carbon Emissions City at NEOM
- January 11,2021
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- SUSTG Team
In a rare televised appearance on Sunday, Saudi Arabia’s Crown Prince Mohammed bin Salman unveiled ambitious plans for a new carbon-free city at NEOM, in the Kingdom’s northwest along the Red Sea.
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More Golf Stars Join List of Committed Players for Saudi International in February
- December 23,2020
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- SUSTG Team
More international golf stars have joined the growing list of players who have committed to playing in the Saudi International at Royal Greens Golf & Country Club, beginning February 4th 2021. Norwegian youngster Viktor Hovland and American Ryder Cup star Tony Finau are the latest top international stars to confirm their entry for the third edition […]
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MUST-READS
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Saudi Arabia: Alstom to Enhance Reliability of East-West Freight Corridor
As part of this contract, Alstom will implement its HealthHub™ technology to enable real-time locomotive monitoring and predictive maintenance, minimising downtime and optimising fleet availability. This digital solution is expected to ensure the long-term operational performance of locomotives connecting key ports like Dammam and Jubail with the Riyadh dry port, facilitating the smooth flow of goods across the region.
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New bat species discovered at Prince Mohammed bin Salman Royal Reserve
The Prince Mohammed bin Salman Royal Reserve has announced the discovery of a new bat species, Vansonia rueppellii (Rüppell’s bat), marking its first recorded presence in Saudi Arabia. This keystone species, known for its crucial role in pollination and pest control, adds to the Kingdom’s rich biodiversity. The discovery, made in October 2023 in collaboration with KAUST’s Al-Manara Development, was published in the scientific journal Zoology in the Middle East in November 2024. While Rüppell’s bat has been documented in Egypt, Sudan, Yemen, and Iraq, this marks its inaugural record in Saudi Arabia. “Adding Rüppell’s bat to the rich biodiversity of Prince Mohammed bin Salman Royal Reserve is a remarkable scientific achievement, as the reserve now contains 18 of Saudi Arabia’s 32 bat species, or 56%,” said Andrew Zaloumis, CEO of the reserve.
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US senators urge Fifa to spurn Saudi 2034 World Cup bid over human rights
Two United States senators urged Fifa on Monday not to pick Saudi Arabia as the 2034 World Cup host next month, a decision seen as inevitable despite the kingdom’s record on human rights. Democrats Ron Wyden of Oregon and Dick Durbin of Illinois wrote to Fifa’s president, Gianni Infantino, declaring that “we urge you to seek out a host country with a record of upholding human rights.” On 11 December more than 200 Fifa member federations are expected to jointly endorse the Saudi bid.
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How Saudi Arabia Turned Back Climate Progress at COP29
The Gulf state surprised the world at COP28 when it joined nearly 200 nations in agreeing to transition away from fossil fuels, but it’s been trying to walk that historic moment back ever since. “The Arab Group will not accept any text that targets specific sectors, including fossil fuels,” Saudi representative Albara Tawfiq made clear to delegates at this month’s United Nations meeting in Baku. After three decades of being the main opposition at the annual climate talks, the Saudis have developed a sophisticated playbook, according to veteran negotiators. They are masters of the arcane and complicated rules that govern the COP process, said multiple people who participated in the closed-door debates, and used that skill to raise oblique objections to run down the clock and present poor compromises that were non-starters.
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Al-Falih: 1,238 foreign investors obtain premium residency in Saudi Arabia
Addressing the World Investment Conference in Riyadh on Monday, the minister confirmed that those who obtained the premium residency are treated as if they were in their home countries. About 2,500 investors from 30 countries are participating in the conference. Referring to the investment climate and its advancement since the launch of Vision 2030, Al-Falih said that investment flows have now tripled compared to the period before the launch of the Vision. “The rate of the gross domestic product (GDP) recorded an increase of 70 percent, reaching $1.1 trillion during the same period,” he said while noting that half of this comes from non-oil sectors.
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Saudi-European talks to strengthen cooperation in environmental fields
Saudi Minister of State for Foreign Affairs Adel Al-Jubeir met with European officials on Sunday in Riyadh, Saudi Press Agency reported. Al-Jubeir, who is also the Saudi climate envoy, held talks with Delphine Pronk, chair of the EU Political and Security Committee, and Luigi Di Maio, EU special representative for the Gulf region. They discussed issues surrounding climate change and environmental cooperation between Saudi Arabia and the EU, as well as ways in which existing cooperation on tackling climate change could be strengthened. They also talked about the recent development in foreign policy in Europe and the Middle East.
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Saudi Arabia: Shaping Global Urbanization Discussions at Urban 20 Summit
A Saudi delegation, led by Advisor at the General Secretariat of the Saudi Arabian Council of Ministers Fahd Al-Rasheed, actively participated in the 7th Urban 20 (U20) Global Summit in Rio de Janeiro. The summit, one of the world’s most influential urban development forums, highlighted Saudi Arabia's continued leadership in shaping global urbanization strategies. The U20 gathers cities from G20 member states to address pressing economic, climate, and developmental challenges. Saudi Arabia has played a prominent role in the forum since 2019, with Al-Rasheed previously serving as Chair in 2020 during Saudi Arabia’s G20 presidency.
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Saudi Arabia Cinema Market Forecast Report and Company Analysis 2024-2025 & 2033, Profile of AMC, IMAX, Cinepolis, VOX Cinemas and Empire Cinemas
Saudi Arabia Cinema Market will reach US$ 1.29 billion by 2033, up from US$ 590.32 million in 2024, with a CAGR of 9.13% between 2025 and 2033. The improvement of infrastructure is a key factor propelling the expansion of the Saudi film industry. To improve accessibility and convenience for viewers, the public and private sectors are making significant investments in the construction of contemporary movie theater complexes around the Kingdom.
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Riyadh Metro: 5 ways it will boost transport in Saudi’s biggest city
On November 27, 2024, Riyadh will witness a significant milestone with the inauguration of the first phase of its metro system. This initial launch will see three of the six planned lines become operational, connecting key areas such as Al Orouba to Batha, King Khalid International Airport Road, and the intersection of Abdulrahman Bin Auf Street and Sheikh Hassan Bin Hussein Street. The remaining lines are slated to commence service by mid-December. As the world’s longest driverless metro system, the Riyadh Metro is poised to transform urban mobility in the Saudi capital, offering a sustainable and efficient alternative to car travel.
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Al Ittihad claims top spot in Saudi Pro League after victory over Al Fateh
The team now holds 30 points, two ahead of Al Hilal, who slipped to second place with 28 points. Al Fateh remains at the bottom of the table with just 5 points. Al Ittihad’s triumph came despite the absence of key players. French star Karim Benzema missed his third consecutive match due to injury, while Moussa Diaby was ruled out for eight weeks, as announced by the club.
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