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Surge in Flights from Saudi Airports as Kingdom’s Aviation Sector Booms
Saudi Arabia’s airports have seen a “substantial growth in international traffic” as the number of international flight services from the Kingdom’s airport surges 50% since last year. The number of international flight services from the domestic airports jumped by 51.5 percent to 26,361 at the end of 2015 from 17,405 in 2014, according to a […]
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Construction Payment Delays Draw International Attention, Report Says
Foreign governments are pressing both government authorities and company executives in Saudi Arabia “to ensure that local construction firms make delayed salary payments to thousands of workers, a sign of pressure on the kingdom’s economy due to low oil prices,” according to a Reuters report. Construction firms in Saudi Arabia are have been squeezed as […]
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Saudi Arabia Eyes Privatization of Power, Opening Opportunities for International Power Companies
Saudi Arabia is heading towards privatizing the electricity sector and “shifting towards solar and alternative energy in the framework of its efforts to reduce the use of fossil fuels in production rates,” according to a report in Asharq Al-Awsat citing “informed sources.” The Saudi Electricity Company plans to “split into four units with local and […]
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More than 50 Members of U.S. GOP ‘Foreign Policy Community’ Write Open Letter Calling Donald Trump Unfit for Office
An open letter signed by over 50 members of the Republican foreign policy community, including former Department of Homeland Security Secretary Michael Chertoff and former Deputy Secretary of State Robert Zoellick, has called Donald Trump unfit for office and pledged to work to stop him from receiving the Republican nomination. “We the undersigned, members of […]
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Nitaqat Effort Suffers Setback: 2015 was the ’Slowest Annual Increase on Record for Saudi Net Employment’ as Most New Jobs Still Going to Non-Saudis
A recently released Jadwa Investment report on Saudi Arabia’s labor market found little headway being made in Saudi Arabia’s goal of increasing employment of Saudis. According to Jadwa Investment, although Saudi Arabia’s unemployment rate fell slightly from 11.7 percent in 2014 to 11.5 percent in 2015, “of these positions, 368 thousand (or 88 percent) […]
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Saudi Central Bank Announces an ‘Affordable Mortgage’ Program Intended to Boost Housing Sector
Saudi Arabia’s central bank said in a statement it plans to launch an “affordable mortgage” program to finance residential real estate purchases by Saudi citizens, according to reports. Home buyers would be responsible for a down payment of 15 percent of the property’s value, and commercial banks would supply a further 70 percent. An additional […]
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‘Saudi Student Boom’ for U.S. Colleges and Universities may be Slowing as Scholarship Program Evolves
A number of reports have indicated that the popular King Abdullah Scholarship Program (KASP) that has placed hundreds of thousands of Saudi students at academic institutions all over the world is being reviewed and can anticipate significant changes with regard to the program’s size and scope. In 2014 over 207,000 Saudi students and dependents were […]
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State Department Approves $200m Services Contract Request from Saudi Arabia which will ‘Increase U.S. – Saudi Arabia Military Interoperability’
The State Department has approved a request for continued support services to Saudi Arabia at an estimated cost of $200 million. According to a release from the Defense Security Cooperation Agency (DSCA), the sale “will enhance the foreign policy and national security objectives of the United States by helping to improve the security of an […]
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Saudi Arabia’s War in Yemen Could Put Pressure on Future European Arms Deals
On February 25th, European Union lawmakers are gearing up for a vote on whether to call for an embargo on weapons sales to Saudi Arabia, according to a report in the Canada-based Globe and Mail. Concern in Europe is mounting over Saudi Arabia’s war in Yemen, and the use of European military equipment sold to […]
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Popular King Abdullah Scholarship Program Reported to have New Restrictions along with Reduced Budget
Saudi Arabia’s King Abdullah Scholarship Program (KASP) has reportedly been narrowed to include only top universities and programs, months after the program was expanded to include all students and their families. Founded in 2005 and one of the late King Abdullah’s legacy programs, the scholarship fund covers full tuition, medical insurance, a monthly stipend for living expenses, and […]
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Palestinian state the only solution to Middle East unrest, says Saudi ambassador to US
Speaking at the World Economic Forum in Davos during a Saudi-focused panel discussion, Princess Reema bint Bandar said the Kingdom fully recognized Israel’s need and desire for security following the Oct. 7 attacks by Hamas militants. However, that security would not come “at the expense” of the safety of the Palestinian people, and there is a need for an immediate ceasefire, she added. “How many more children need to die? How many more limbs need to be lost? How many more parents need to lose their livelihoods? It cannot happen anymore; the Kingdom has condemned violence on both sides,” she said.
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Ministry launches health clusters across Saudi Arabia, completes first phase of transition
Each cluster will include primary care centers, public hospitals, and specialized services within its scope, offering beneficiaries integrated administrative organization to ensure service flexibility, promptness, and satisfaction. The clusters will also be responsible for the health of the population in their area through continuous monitoring, such as conducting early periodic examinations for all and collaborating with other entities to create a healthier community environment.
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Saudi event to feature 20-point golden ball with 167 break possible
The World Snooker Tour has announced a first TV event in Saudi Arabia, where there will be an extra 20-point golden ball for players who complete a 147.
Seven-time world champion Ronnie O'Sullivan, 2019 winner Judd Trump and current holder Luca Brecel will play in the event from 4-6 March.
The other seven players and schedule will be confirmed in the coming weeks.
Games will follow current rules but with a 23rd "Riyadh Season ball" pottable on completing a maximum break.
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Saudi Arabia to host World Economic Forum meeting in April
Saudi Arabia will host a special World Economic Forum (WEF) meeting in April, economy minister Faisal Alibrahim said on Thursday, as it aims to boost the global profile of the kingdom and its capital Riyadh.The meeting, scheduled to take place from April 28-29, will focus on global collaboration, growth and energy, Alibrahim said in Davos, Switzerland, where the World Economic Forum's main annual event is currently taking place.
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Saudi foreign minister calls for ‘credible and irreversible path to a Palestinian state’
Speaking to NBC News’ Keir Simmons at the World Economic Forum in Davos, Saudi Foreign Minister Faisal bin Farhan Al-Saud laid out the conditions necessary for Saudi Arabia to move towards normalizing relations with Israel.
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Saudi, Iranian foreign ministers discuss Israeli war on Gaza
Saudi Arabia and Iran held talks on Thursday on the ongoing Israeli war in the Gaza Strip, which left nearly 24,500 people dead. Saudi state news agency SPA said Foreign Minister Prince Faisal bin Farhan discussed with his Iranian counterpart Hossein Amir-Abdollahian bilateral relations and a host of issues of mutual concern. The discussions dwelt on the current developments in the Gaza Strip “and the need from the international community to shoulder its responsibility towards achieving an immediate cease-fire and protecting civilians," SPA said.
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Saudi Arabia’s Tadawul to buy 32.6% stake in Dubai Mercantile Exchange
Stock exchange owner and operator Saudi Tadawul Group (1111.SE), opens new tab will buy a 32.6% stake in the parent company of Dubai Mercantile Exchange (DME) and become the Emirati trading platform's joint largest shareholder, it said on Thursday.Founded in 2007, DME lists the Oman crude oil futures contract, which is a physically settled contract serving as a Middle East benchmark used by the region's national oil companies as part of their export pricing formulas.
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‘A deal done quickly’. How Jordan Henderson swapped Saudi for Amsterdam
Jordan Henderson has completed his move to Ajax having agreed to terminate his contract with Al-Ettifaq.
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Saudi non-oil economy grew 20% after 2016, outpacing EU and US, says Al Ibrahim
Faisal Al Ibrahim, Minister of Economy and Planning, said at the World Economic Forum 2024 that Saudi Arabia's non-oil economy has grown by 20% since 2016, surpassing the growth rates of the European Union and the United States, which stood at 10% and 14%, respectively.
During a panel session titled 'MENA’s Economic Dilemma: Reforms Amid Uncertainty' held on Thursday, Al Ibrahim highlighted the significant strides made by the Kingdom in bolstering its non-oil economy. This growth trajectory positions Saudi Arabia as a leading example of economic resilience and diversification in the Middle East. -
Saudi Arabia in prime position for green hydrogen in global energy landscape
“The plan aims to produce 1.2 million tons of green hydrogen and to supply 10% of the global demand for hydrogen by 2030,” they explained. “Furthermore, Saudi Arabia Public Investment Fund (SAPIF) has been investing in several energy projects globally, including a joint venture with Power and Air Products to develop a $5 billion green hydrogen-based ammonia production facility in NEOM, Saudi Arabia. The facility will have a capacity of 1.2 GW and will produce 650 tons of green hydrogen per day.”
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