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Throwback: Photos of King Salman at King Saud University, 40 Years On
Recently released photos by the Saudi Press Agency (SPA) show King Salman at the King Saud University roughly 40 years ago, as the then-prince assisted in shaping the Riyadh-based University to be what it is today. King Saud University (KSU) is billed as “the premier institution of higher education in the Kingdom of Saudi Arabia. Prince […]
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New Homeland Security Decision Allows Saudi Students to Stay in U.S. for 3 Years By Getting On the Job Training
The United States Department of Homeland Security (DHS) recently published a new rule allowing F1 students the opportunity to stay in the country longer “by getting training on the job at some companies for a period of 36 months,” according to a report in Arab News and information posted to the DHS website. According to DHS, […]
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What Will Be Saudi Arabia’s Next Tourist Destination?
Saudi Arabia’s King Abdullah Economic City (KAEC) attracted more than 100,000 visitors last year, a sign that the planned mega city about 100 miles north of Jeddah on the Red Sea might become Saudi Arabia’s next domestic tourist destination. Although Saudi citizens typically flock to Dubai, Bahrain, or elsewhere abroad for leisure trips, that might […]
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In Bid to Boost Transparency, Saudi Regulators Require International Banks to Disclose Financial Statements
Saudi Arabia’s Capital Markets Authority (CMA) is instructing international banks to publicly disclose financial statements for the first time as the kingdom seeks to boost transparency, according to a report in Bloomberg. The Bloomberg report says that companies under the regulation of the CMA in Saudi Arabia must publish the financial information on their websites […]
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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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Hamas proposes 135-day Gaza truce with complete Israeli withdrawal
Hamas has proposed a ceasefire to quiet the guns in Gaza for four-and-a-half months, during which all hostages would go free, Israel would withdraw its troops from the Gaza Strip and an agreement would be reached on an end to the war. The militant group's proposal - a response to an offer sent last week by Qatari and Egyptian mediators and cleared by Israel and the United States - came during the biggest diplomatic push yet for an extended halt to the fighting.
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Blasts near Pakistan candidates’ offices kill 26 on eve of election
Two explosions near electoral candidates' offices in Pakistan's southwestern province of Balochistan killed 26 people and wounded dozens on Wednesday, officials said, raising concerns over security on the eve of a general election. Pakistan goes to the polls on Thursday amid rising militant attacks and the jailing of Imran Khan, the winner of the last national election, who has been dominating the headlines despite an economic crisis and other woes threatening the nuclear-armed country.
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Saudi Arabia to US: No Israel ties until recognition of an independent Palestinian state within 1967 borders
Saudi Arabia has clearly communicated to the United States that it will not establish diplomatic relations with Israel without substantial progress on the Palestinian issue. The Kingdom is demanding the recognition of an independent Palestinian state within the 1967 borders and with East Jerusalem as its capital. Additionally, it has called for an end to Israeli aggression in the Gaza Strip and insisted on the withdrawal of all Israeli occupation forces from the enclave as a prerequisite for any future diplomatic engagement with Israel.
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Saudi economy on track to surpass Vision 2030 targets: Al-Falih
The Saudi economy is poised to grow from SAR 2.6 trillion to exceed the digital target of SAR 6.4 trillion by 2030, Minister of Investment Khalid Al-Falih said. During the second edition of the PIF Private Sector Forum held today, Feb. 6, Al-Falih underscored that the private sector's contribution to the economy is expected to reach 65% by 2030, marking a quadruple increase compared to pre-Vision levels. The minister emphasized that the Public Investment Fund (PIF) serves as the engine of growth for the private sector, and each entity in this journey represents a robust company enhancing opportunities in the Saudi economy. The private sector benefited from opportunities exceeding SAR 300 billion through partnerships with the fund and government initiatives, he added.
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Saudi Arabia says no relations with Israel before recognition of Palestinian state on 1967 borders
Saudi Arabia clapped back at the United States’ claims that discussions on a Saudi-Israeli normalization deal were moving forward separately from talks on a Gaza cease-fire. In a statement released early Wednesday, the Saudi Foreign Ministry said the kingdom has informed Washington that it will have no diplomatic relations with Israel until an independent Palestinian state is established on the 1967 borders with east Jerusalem as its capital and Israel ends its offensive on the Gaza Strip and withdraws its troops from the enclave. “Saudi Arabia has always been steadfast on the Palestinian issue and the necessity that the brotherly Palestinian people obtain their legitimate rights,” the statement added. Read more: https://www.al-monitor.com/originals/2024/02/saudi-arabia-says-no-relations-israel-recognition-palestinian-state-1967-borders#ixzz8R3rLeUiv
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Saudi SAL partners with Space Age for drone-based shipments
Drones will be utilized to enhance transportation and shipment efficiency in Saudi Arabia, thanks to a new agreement signed by the Kingdom’s SAL Saudi Logistics Services Co. The logistics and supply chain solutions provider signed a memorandum of understanding with the Saudi-based technology firm Space Age on the second day of the World Defense Show 2024. The agreement aims to provide the technical solutions and infrastructure necessary to transfer and localize the drone industry, as stated by SAL in a post on X.
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Saudi Aramco in investment discussions with Indian companies – exec
State oil giant Saudi Aramco is in investment discussions with companies in India, a senior executive said on Wednesday. "Hopefully we will see some announcements soon on investment in Indian companies," Faisal Faqeer, senior vice-president, liquids to chemicals development, downstream, at Saudi Aramco, told delegates at the India Energy Week in Goa, without specifying its plans. The world's largest crude oil exporter and OPEC kingpin has been boosting its investments in refining and petrochemicals across Asia to secure new markets for its crude, as it sees growth in chemicals central to its downstream expansion strategy.
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Saudi Arabia’s Defense Industry Seeking Local Assembly Of Helos
During the World Defense Show here, both Leonardo and Turkish Aerospace signed agreements with Saudi entities on Feb. 4 to explore the potential of assembling aircraft for the domestic market. Fellow OEM Airbus Helicopters signed a similar agreement during last year’s Paris Air Show with Scopa, a Saudi defense company establishing agreements with Western defense companies.
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Saudi Arabia: no Israel ties without recognition of Palestinian state
Saudi Arabia has told the United States it will not open diplomatic relations with Israel unless an independent Palestinian state is recognised on 1967 borders with East Jerusalem as its capital, its foreign ministry said on Wednesday. Riyadh reiterated its call for permanent members of the U.N. Security Council that have not recognised a Palestinian state on the 1967 borders with East Jerusalem as its capital to do so, a ministry statement said.
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Iran at Saudi Defense Show Signals Warmer Ties in Time of War
Iranian military officials attended the World Defense Show in Saudi Arabia this week, a sign that ties remain cordial between the two despite the ripple effects of the Israel-Hamas war across the region. A delegation from Tehran met with Saudi Arabia’s Chief of General Staff, Fayyadh al-Ruwaili, during the event, Iran’s semi-official Mehr news agency reported. It’s likely the first trip of its kind since the two traditional foes agreed to restore relations almost a year ago.
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