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Saudi tops S&P Global Survey of Middle East and Africa’s 30 largest banks
- April 27,2023
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- SUSTG Team
S&P Global’s latest ranking of the top 30 Middle Eastern and African banks by total assets finds Saudi institutions leading in both total numbers and total assets.
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Secretary Blinken, Saudi Foreign Minister Prince Faisal bin Farhan Al Saud Speak by Phone as Middle East Diplomacy Heats Up
- April 19,2023
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- SUSTG Team
U.S. Secretary of State Antony Blinken spoke with Foreign Minister Prince Faisal bin Farhan Al Saud by phone on Tuesday to talk about regional diplomatic issues, including Yemen, according to a statement by the State Department.
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Unemployment in Saudi Arabia Reaches Record Low with Women Driving the Change — Jadwa Investment
- April 18,2023
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- SUSTG Team
The unemployment rate in Saudi Arabia dropped to 8 percent at the end of 2022, down from 11 percent in 2021, with women driving that positive change, according to a recently-released report from Jadwa Investment, citing the General Authority for Statistics’ (GaStat) latest labor market release.
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Iran and Saudi open embassies as thaw continues, U.S.-Saudi diplomacy evolves, and much more
- April 14,2023
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- SUSTG Team
In Episode 82, the 966 hosts fly solo and discuss some of the top developments of late on Saudi Arabia – and there are a lot of them. First, the hosts discuss Richard’s One Big Thing, which is the readout of the recent call between the U.S. National Security Advisor, Jake Sullivan, and Saudi Arabia’s […]
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Reuters Photo Shows Iran’s Embassy in Riyadh Opening its Gates for First Time in 7 years
- April 13,2023
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- SUSTG Team
Iran’s embassy in Saudi Arabia opened its gates on Wednesday for the first time in seven years, a Reuters photo confirmed, as the two sides continued apace with the restoration of ties between them.
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Huawei in Talks With Saudi Authorities for Middle East HQ Move to Saudi Arabia
- April 10,2023
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- SUSTG Team
Huawei Technologies Co., the Chinese multinational technology corporation, is looking to make Riyadh its headquarters for its growing Middle East operations, according to a report.
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Bilal Saab on U.S.-Saudi military cooperation, how the Kingdom is performing on its green initiative, and more
- April 7,2023
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- SUSTG Team
The 966 welcomes back onto the program Bilal Saab, political-military analyst on the Middle East and U.S. policy toward the region and Senior Fellow and Director of the Defense and Security Program at the Middle East Institute. The hosts ask Bilal about his recent piece, entitled “After Oil-for-Security: A Blueprint for Resetting U.S.-Saudi Security Relations.” Before […]
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CIA Director Bill Burns visits Saudi Arabia to Reinforce US Commitment to Intelligence Cooperation
- April 6,2023
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- SUSTG Team
The head of the U.S. Central Intelligence Agency (CIA), Bill Burns, visited Saudi Arabia this week to meet with Saudi officials and reinforce Washington’s commitment to intelligence cooperation, a US official told Al Arabiya English.
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Saudi Arabia Condemns Israeli Attack on Mosque, Following Developments with ‘Great Concern’ – Reports
- April 5,2023
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- SUSTG Team
Saudi Arabia on Wednesday condemned Israeli police’s “blatant” attacks on worshipers inside the al-Aqsa Mosque in Jerusalem during the Islamic holy month of Ramadan, after viral video showed Israeli forces beating worshippers inside the mosque.
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Hot Gulf Region IPO Market Draws Global Attention — FT
- March 28,2023
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- SUSTG Team
The Middle East North Africa (MENA) region saw 51 IPOs last year, raising $22bn, a 179% increase on 2021, a report in the Financial Times said, citing the advisory firm EY.
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Lebanese PM visits troops at border with Israel while Saudi Arabia evacuates families of diplomats
Lebanon’s caretaker prime minister Tuesday visited troops deployed near the border with Israel and U.N. peacekeepers, as Saudi Arabia evacuated the families of diplomatic staff because of ongoing clashes between Hezbollah militants and Israeli troops. The Saudi move comes amid rising tensions along the Lebanon-Israel border, where Hezbollah members have been exchanging fire with Israeli troops daily for two weeks.
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The Safer Oil Tanker: Diplomacy Averts Disaster
The FSO Safer is an oil tanker moored off the coast of Yemen in the Red Sea as a floating storage vessel for Yemen’s inland oil fields around Marib. Built in Japan and launched in 1976, the ship was purchased by the Yemeni state-run oil company in 1987 to provided services for Yemen’s energy sector. Parked a little more than 4 miles off the coast, it has the capacity to hold approximately 3 million barrels of oil.
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Opinion: A New Diplomatic Path Is Urgent after Gaza, But Without the Previous Mistakes
The horrors of the Hamas attack in southern Israel, and the devastating Israeli response, have only exposed the short-sighted hollowness of the Trump-Biden strategy, which has centered on ignoring the Palestinian dimension in favor of expanding the Abraham Accords, which the Biden administration has decided is the key to lasting regional peace. But Washington’s failure, of both imagination and policy, is not the only one here: Israel appears to have assumed that it could manage Hamas through an unstated modus vivendi, allowing the organization full sway in Gaza, with occasional reprisals for relatively small-scale attacks on Israel. “Shrinking the conflict” became the unspoken mantra of successive Israeli governments. That did not work either.
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Dissed by Saudi Arabia, lectured by Egypt: U.S. diplomacy meets Mideast reality
“Given the fact that we are at the very early stages of this situation, U.S. diplomacy is succeeding as much as anyone can expect it to succeed,” said Ghaith al-Omari, a former adviser to the Palestinian Authority. “But it is too early right now to talk about a major breakthrough.”
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Middle East crisis tests limits of China’s diplomatic push
A foreign ministry spokeswoman repeatedly stopped short of condemning Hamas, instead calling for de-escalation and for Israel and Palestine to pursue a "two-state solution" for an independent Palestine. China's leader Xi Jinping has been silent on the issue. "Certainly it does poke a hole in the type of propaganda ... of China being this kind of massive player in the Middle East," said Bill Figueroa, an assistant professor at the University of Groningen in the Netherlands and an expert on China-Middle East relations.
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Top Saudi diplomat condemns targeting of civilians in Israeli-Palestinian conflict
Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan on Sunday reiterated the Kingdom’s stance against the targeting of civilians during discussions on the Israeli-Palestinian conflict with his French counterpart.
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Iran Helped Plot Attack on Israel Over Several Weeks
A direct Iranian role would take Tehran’s long-running conflict with Israel out of the shadows, raising the risk of broader conflict in the Middle East. Senior Israeli security officials have pledged to strike at Iran’s leadership if Tehran is found responsible for killing Israelis.
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Russian investors occupy land plots to build ‘Little Moscow’ in Dubai
The UAE has also become a key destination for Russian tourists and investors since President Vladimir Putin launched his full-scale invasion of Ukraine in February 2022
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Saudi soccer team refuses to play in Iran over busts of slain general, in potential diplomatic row
A Saudi soccer team refused to play a match in Iran on Monday because of the presence of busts of a slain Iranian general placed on the sidelines, Saudi state media reported. The Saudi Al Ittihad club was scheduled to play Iran’s Sepahan in the the Asian Champions League, one of several matches made possible by a recent diplomatic rapprochement between the longtime Mideast rivals that has recently come under strain.
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Saudi Arabia’s unemployment rate drops further to 4.9% in second quarter
The unemployment rate for Saudi women again fell sharply to 15.7 per cent, from 19.3 per cent a year ago, while for men it fell marginally to 4.6 per cent, from 4.7 per cent a year earlier. Compared to the first quarter, the unemployment rate for women was down from 16.1 per cent, while it remained steady for men. The increasing participation of women in Saudi Arabia's workforce is expected to boost the country’s economy by $39 billion, or 3.5 per cent, by 2032, if the current rate of growth continues, S&P Global Ratings said last week.
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