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Report: Donald Trump Set Up Four Businesses Related to a Jeddah, Saudi Arabia Hotel Project While Campaigning for President in August 2015
Republican frontrunner Donald Trump set up four companies related to a possible hotel project in Jeddah, Saudi Arabia while campaigning for president in August 2015, according to a report by BuzzFeed news, citing the candidate’s latest financial disclosure filings released on Wednesday. According to the report, on August 21, 2015, Trump became president and owner of […]
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Secretary Kerry Meets with Saudi Leaders in Jeddah Ahead of Crucial Syria Talks
Secretary of State John Kerry travelled to Jeddah, Saudi Arabia to meet with Saudi Arabia’s King Salman and other Saudi officials ahead of critical talks on Syria, according to reports. The Secretary, who also met with Crown Prince Mohammed bin Naif and Foreign Minister Adel Al-Jubeir, “discussed a range of regional issues – Yemen, Libya, […]
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Difficult Times for the Saudi Binladin Group
The Saudi Binladin Group (SBG) is facing its toughest challenges in the construction giant’s 85 years of operation as tightened government spending and a 8-month restriction on new projects in the pipeline has undermined the company’s finances. Saudi Binladen has announced a reduction in jobs totaling 77,000, or about one-third of its total workforce. “The […]
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The 5 Major Changes Saudi Arabia’s Capital Markets Authority Made to Increase Foreign Investment in the Saudi Stock Market
Saudi Arabia’s Capital Markets Authority (CMA) has significantly lowered the barriers to entering the Saudi stock market as a foreign investor and increased the amount which a foreigner may own of a Saudi company, the bourse announced in a release today. “These rules were implemented with the aim of raising the bar in relation to investing […]
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Commentary: Saudi Arabia’s Vision 2030, Don’t Miss the Point
While Saudi Arabia’s Vision 2030 was formally endorsed by the Saudi Council of Ministers and published on April 25, 2016, anticipation about the plan had been building for months. McKinsey & Company’s 165-page Moving Saudi Arabia’s Economy Beyond Oil in December 2015 confirmed the depth of the analysis underway within the Saudi government while Deputy […]
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Deputy Crown Prince Mohammed bin Salman Opens Up on Personal History; ‘Vision for the Kingdom of Saudi Arabia’
In his second exclusive and wide-ranging interview with Bloomberg, Saudi Arabia’s deputy crown prince, chair of the Council of Economic and Development Affairs (CEDA), and minister of defense opened up on his rise to power, his initial struggles and ultimate acceptance under the late King Abdullah, and his fondness for Winston Churchill and Sun Tzu’s The […]
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As President Obama Heads to Saudi Arabia, Economic Cooperation and Enhanced Bi-Lateral Security Will be on Agenda
As President Obama heads to Saudi Arabia next week to meet with HRH King Salman and attend a GCC summit, familiar topics as well as new issues will be on the agenda for the President’s 3rd official visit to Saudi Arabia and second meeting with King Salman since September. Along with long-standing regional and security concerns that require U.S.-Saudi […]
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In Egypt, Saudi Arabia’s King Salman Reaffirms Commitment to Bi-Lateral Ties
In what is being hailed as a landmark visit, Saudi Arabia’s King Salman arrived in Egypt to re-affirm Saudi-Egyptian ties and engage a critical regional ally on key foreign policy concerns. King Salman, who was also accompanied by Deputy Crown Prince Mohammed bin Salman and dozens of Saudi officials and leaders, including 14 ministers, was received […]
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Crown Prince Mohammed bin Naif Joins Twitter
Following the lead of King Salman and other top Saudi government officials, Saudi Arabia’s Crown Prince has joined the social microblogging website Twitter using the handle @M_Naif_Alsaud. The Crown Prince chairs the Council of Political and Security Affairs (CPSA) and is Minister of Interior of Saudi Arabia. His first tweet, sent on April 5, 2016 […]
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Saudi Arabia was world’s third largest military spender in 2015, surpassing Russia
Saudi Arabia surpassed Russia in military spending for 2015 to be the world’s third largest spender on defense, according to a new report by the Stockholm International Peace Research Institute (SIPRI). The United States retained its top position globally in total military spending in 2015, accounting for almost one-third of all military spending globally. The […]
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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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Nigeria oil enters unclear new era after Shell’s onshore asset sale
Shell's exit from Nigeria's onshore oil sector highlights risks oil majors face in Africa's biggest exporter but has raised hopes that local firms could reverse the output decline from the Niger Delta, industry officials and analysts said.Shell – which pioneered Nigeria's oil industry – is the most prominent Western company to exit the Delta, a region blighted by pollution, oil theft and pipeline vandalism. Those issues have for years stymied investment – and throttled production and government finances.
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3 US troops killed, 25 wounded in Iran-backed drone attack in Jordan
Three US military personnel were killed and at least 34 wounded when a one-way attack drone struck a base in northeast Jordan near the Syrian border on Sunday. The lethal incident marks the first time US troops have been killed in the near-daily rocket and drone barrages on bases they use in Iraq and Syria, sharply increasing the likelihood that the United States will be drawn into a lethal cycle of retaliation with Iran-backed militias in the region. There have been more than 160 such attacks since Israel’s war in the Gaza Strip began following the Oct. 7 attack by Hamas. Until now most had been thwarted by US ground-based air defenses, US officials have said. Read more: https://www.al-monitor.com/originals/2024/01/3-us-troops-killed-25-wounded-iran-backed-drone-attack-jordan#ixzz8QDbc9g4W
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Saudi Arabia: 25,000 chip-fitted carpets spread across Prophet’s Mosque
A revered destination for millions of Muslims from around the world, the Prophet’s Mosque, Islam’s second holiest site, is the focus of utmost care from Saudi authorities.A state agency in charge of the place in the Saudi holy city of Medina takes interest in ensuring comfort for worshippers. Part of this attention is paid to more than 25,000 carpets stretched across the mosque and its courtyards.The carpets are daily sterilised and scented with the finest perfumes. An electronic chip is attached to each carpet to track its place and learn about the history of its cleaning, sterilisation and scenting, according to the Saudi news agency SPA.
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