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Deputy Crown Prince, Delegation Meet with Ban Ki Moon at the United Nations
Deputy Crown Prince Mohammed bin Salman and an eight-member delegation arrived at the U.N. yesterday for meetings with the Secretary General, Ban Ki Moon. The Prince and his delegation reportedly discussed Mr. Ban’s decision to cite the Saudi-led military coalition in the Yemen conflict for violating the rights of children. According to the New York Times, Prince Mohammed […]
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Concluding Trip to Silicon Valley, Deputy Crown Prince Mohammed bin Salman and Delegation Ink MOU with Microsoft
Saudi Deputy Crown Prince Mohammed bin Salman met with Satya Narayana Nadella, chief executive officer of Microsoft, at the company’s Silicon Valley offices in San Francisco on Tuesday and signed two deals with the IT giant, according to reports. The first MOU between Saudi Arabia and Microsoft “will train young Saudis and will support Saudi Arabia […]
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Deputy Crown Prince Mohammed bin Salman Meets with President Obama, Receives Praise for “Vision 2030”
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman met with President Obama on Friday at the White House to discuss regional and economic issues with the President, Vice President and other members of Obama’s cabinet. The President “commended” Prince Mohammed’s “Vision 2030” plans to reform Saudi Arabia’s economy and society, according to a readout. “The […]
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Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman Receives Praise on Capitol Hill in Washington for Ambitious Economic Reforms
Deputy Crown Prince Mohammed bin Salman visited congressional leaders in Washington on Wednesday to discuss diplomatic and regional issues and talk about Saudi Arabia’s new economic reforms. Prince Mohammed met with Sen. Tom Cotton (R-Arkansas) along with the Senate Armed Services Committee, including Sen. John McCain (R-Arizona) and Sen. Lindsey Graham (R-South Carolina) as well as […]
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State Department Readout of Secretary Kerry’s Dinner with Deputy Crown Prince Mohammed bin Salman
Secretary Kerry hosted Deputy Crown Prince Mohammed bin Salman on June 13 for an iftar dinner in recognition of the Deputy Crown Prince’s visit to the United States. “The two reviewed the strong and enduring relationship between the United States and Saudi Arabia and discussed a broad range of regional issues, including Yemen, Syria, Libya, […]
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Deputy Crown Prince Mohammed Bin Salman Arrives in Washington to Busy Schedule
Deputy Crown Prince Mohammed bin Salman lands in Washington, D.C. today with a tightly packed agenda planned for his 4-day visit in the nation’s capital. The Deputy Crown Prince who is also Minister of Defense and head of the powerful Council on Economic and Development Affairs (CEDA) will meet with U.S. Secretary of State, John Kerry, […]
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Saudi Arabia Scales Back Renewable Energy Targets, Eyes Natural Gas to Fuel Economy
Saudi Arabia is seeking to scale back previous plans to develop large-scale renewable energy resources and is instead opting to rely more heavily on natural gas to meet demand, according to Bloomberg’s Anthony DiPaola and other reports. “We know that Saudi Arabia has been looking for natural gas supplies for a number of years now,” […]
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Internet Penetration in Saudi Arabia at 93%, Daily TV Viewership Down 16%
Internet penetration among Saudi nationals is “around 93 percent” but traditional TV viewership is down 16 percent, an indication of the continued rise of online media viewership and the rise of apps in Saudi Arabia, according to a report in the Saudi Gazette. “The increase in data use is also driven by the use of […]
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Report: $7.9 Billion Bid for KAFD by Saudi Arabia’s Public Investment Fund
Saudi Arabia’s Public Investment Fund (PIF) is reported to be prepared to make an offer for the King Abdullah Financial District (KAFD), situated between downtown Riyadh and the city’s King Khalid International Airport. The offer, reported by Bloomberg citing unnamed sources, is 30 billion riyals ($7.9 billion) — the amount already spent on KAFD by the Saudi Public […]
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Jadwa Investment: Recent Saudi Stock Market Changes ‘Pave the Way’ for Saudi Arabia’s Inclusion Into MSCI Emerging Market Index
The major announcements for Saudi Arabia’s economy and society in the last few weeks related to the release of its ‘Vision 2030’ strategy have given the Kingdom a roadmap and targeted benchmarks for achieving greater economic diversification and empowering Saudi Arabia’s youth. In addition to the ‘Vision 2030’ release and cabinet changes there was “an […]
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MUST-READS
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The best things to experience in Saudi Arabia according to the people who know it
Closed to tourists until recently, Saudi Arabia is still an unknown quantity for many would-be travelers.
That’s changing fast. The country reported a 56% growth in international arrivals in 2023 from 2019 pre-pandemic levels, according to the UNWTO.
So, where are some of the best places in this emerging tourism destination to go?
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Perspective: Deciphering Blinken’s Unguarded Optimism
No reputable analyst would doubt the need to end the bloody conflict in Gaza as soon as possible and to divert the attention of the warring parties to peaceful regional endeavors, for which Blinken called. But the rosy picture he depicted was quite surprising, to say the least, in light of the continued bloodletting in Gaza facilitated and supported, financially and militarily, by the Biden administration. The White House still refuses to call for a permanent halt to the fighting despite its daily perfunctory nod to the massive human toll on Palestinian civilians in Gaza.
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Davos Dispatch: The case for optimism amid global upheaval
Amid the geopolitical gloom that pervaded the World Economic Forum here this past week—with intractable wars in Europe and the Mideast and unsettling tensions in Asia—International Monetary Fund Managing Director Kristalina Georgieva made a case for optimism, quoting the legendary economist John Maynard Keynes. Georgieva reminded a select group of global political, business, and civil society leaders of Keynes’ words from a 1930 essay, written against the backdrop of the Great Depression, the rise of communism and fascism, and national and international despair (the meeting was off-record, but Georgieva approved this to be shared publicly):
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Saudi Arabia launches National Biotechnology Strategy set to transform the Kingdom
According to the official Vision 2030 website, the National Biotechnology Strategy will build on the Kingdom’s existing strengths, including access to robust capital, a large market, the government’s commitment, and a unique gene pool.
These factors will advance Saudi Arabia’s capabilities across four strategic plays: vaccines, bio-manufacturing & localization, genomics, and plant optimization.
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Saudi Arabia gears up for safe Hajj season with early security preparations
Saudi transport authorities have urged private sector institutions involved in the annual Hajj pilgrimage to initiate early security measures for the upcoming season.The instructions to transport agencies primarily focus on the carrying any explosive substances. A strict prohibition on the use of such substances in Mecca and Medina has been mandated for a month-long period, spanning from the 20th of Dhul Qadah to the 20th of Dhul Hajjah, coinciding with the Hajj season, Saudi news website Akhbar24 said.
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US Extends Lead Over China in Race for World’s Biggest Economy
US gross domestic product rose 6.3% in nominal terms — that is, unadjusted for inflation — last year, outpacing China’s 4.6% gain. While some of the outperformance reflected America’s elevated price increases, the 2023 outturn underscores a broader point: The US economy is emerging from the pandemic period in a better place than China’s.
“It is a striking turn of fortunes,” said Eswar Prasad, who once led the International Monetary Fund’s China team and is now at Cornell University. “The strong performance of the US economy, in tandem with all the short-term and long-term headwinds the Chinese economy is facing, renders it a less obvious proposition that China’s GDP will someday overtake that of the US.”
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Biden to send CIA chief to advance new hostage release/extended pause deal
The planned talks, to involve Burns as well as Israel Mossad chief David Barnea, Egyptian intelligence chief Abbas Kamal, and Qatari Prime Minister Mohammed bin Abdulrahman Al-Thani, are expected to be held in Europe. They come as Israeli media reported that a tentative agreement on the principles for a deal to release all the remaining hostages in exchange for an extended cessation of hostilities has been reached.
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World Court says Israel must take steps to prevent acts of genocide in Gaza
The World Court on Friday ordered Israel to take action to prevent acts of genocide as it wages war against Hamas militants in the Gaza Strip, but it stopped short of calling for an immediate ceasefire.Ruling on a case brought by South Africa, the court said Israel must ensure its forces did not commit genocide and take measures to improve the humanitarian situation for Palestinian civilians in the enclave.
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US, Israeli intelligence chiefs to discuss Gaza hostage deal -sources
U.S. Central Intelligence Agency Director William Burns and his Israeli counterpart will meet with Qatari officials in coming days for talks on a second potential Gaza hostage deal, three sources familiar with the matter told Reuters on Thursday.Burns and the head of Israel's Mossad intelligence service, David Barnea, will meet with Qatari Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani in Europe this weekend, one official briefed on the meeting told Reuters.
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China presses Iran to rein in Houthi attacks in Red Sea, sources say
Chinese officials have asked their Iranian counterparts to help rein in attacks on ships in the Red Sea by the Iran-backed Houthis, or risk harming business relations with Beijing, four Iranian sources and a diplomat familiar with the matter said.The discussions about the attacks and trade between China and Iran took place at several recent meetings in Beijing and Tehran, the Iranian sources said, declining to provide details about when they took place or who attended.
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