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Saudi-led coalition pounds key Yemen port as violence escalates on both sides of the border
Saudi-led coalition warplanes pounded a key supply city for the Houthi forces in Yemen as the Hadi-backed fighters continue to rely on recently introduced military equipment to make gains in the ongoing conflict. Warplanes hit the Houthi-controlled Red Sea port of Hodeida on Tuesday, destroying cranes and warehouses in the main entry point for aid supplies […]
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Saudi Drawdown on Reserves Continues, but Slows to Lowest in 8 months – Jadwa Chartbook
Saudi Arabia continued to drawdown on reserves in June, but at the lowest rate in 8 months, according to a recently released report by Jadwa Investment. Riyadh-based Jadwa found net withdrawals from Saudi government accounts fell to their lowest point in eight months, with $3 billion of net withdrawals in June while foreign reserves fell by $7.6 billion […]
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‘ISIS Offshoot’ Claims Responsibility for Terrorist Attack in Asir as Images Emerge of Aftermath
An alleged new branch of ISIS in Saudi Arabia has claimed responsibility for an attack that targeted a mosque used by police special forces in the kingdom’s southwest, according to latest reports. The suicide bomber attacked a mosque inside a local security force headquarters in Abha, the capital of Saudi Arabia’s south western province of Asir, […]
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Saudi Stock Market Faces Tough July: Value of Shares Traded Tumbles 25% but Market Seen As ‘Resilient’
The kingdom’s Tadawul All Share Index has retreated 4.2 percent since the end of June as value of shares traded for July decreased 25 percent over the previous month, according to reports. However, compared with the significant drop in Brent Crude oil of 21 percent in that period, the market has “shown its mettle” in what […]
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In Egypt, Deputy Crown Prince Mohammed Bin Salman Signs ‘Declaration of Cairo’ as Ties Strengthen
Deputy Crown Prince Mohammed bin Salman and Egypt’s President Sisi signed the “Declaration of Cairo,” a document said to “reinforce the strategic alliance between Egypt and Saudi Arabia,” according to reports. The pact aimed at boosting military and economic ties between the two Arab allies “stressed the need to exert all efforts to boost security […]
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Promising Breakthrough in MERS Vaccine as Infections Continue in Saudi Arabia
Two different animal studies yielded promising findings about a two-step vaccine strategy against the MERS-CoV virus, according to reports, as Saudi Arabia and South Korea continue to battle the disease. According to the Saudi Gazette and agencies, “vaccinated mice produced antibodies that neutralized MERS strains, according to a study from the US National Institute of […]
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Is SABIC Looking to Invest in U.S. Shale?
SABIC CEO Yousef al Benyan said the company is looking to expand its interests in U.S. shale gas through joint venture projects, according to a report in Bloomberg. SABIC has signed an agreement with Houston, Texas-based Enterprise Products Partners L.P. to get shale gas, according to the report, to be used in the United States or […]
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Eid Greetings from SUSTG
Best Wishes from the SUSTG Team on the Occasion of Eid Al Fitr.
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New Officials Named for Top Housing, Royal Court Posts
Saudi Arabia appointed a housing minister with a background as a real estate developer on Monday and appointed a new head of the Royal Court, according to decrees issued by King Salman and reports by the Reuters news agency. Majed al-Hogail, former managing director of Rafal Real Estate Development Co, a private firm owned by Saudi […]
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Video Remarks: President Obama Hosts Iftar Dinner at the White House
President Obama hosted an Iftar dinner Monday night to mark Ramadan, and invited guests to break their fast at the White House. The Iftar is the evening meal after sunset that concludes the daily fasting during the month of Ramadan. The dinner was President Obama’s 7th Iftar celebration at the White House, and the President used […]
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UN urges reversal of funding pause for Palestinian refugee agency
U.N. officials urged countries to reconsider a pause in funding for the U.N. agency for Palestinians on Sunday, pledging that any staff found involved in Hamas' attack on Israel would be punished and warning that aid for some two million people in Gaza was at stake. At least nine countries, including top donors the U.S. and Germany, have paused funding for the UNRWA refugee agency after allegations by Israel that a dozen of its 13,000 staff in Gaza were involved in the Oct. 7 rampage.
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Pakistan court jails ex-PM Imran Khan for 10 years days ahead of polls
A Pakistan court sentenced Imran Khan to 10 years' jail on Tuesday for leaking state secrets, his party said, the harshest sentence the former prime minister and cricketer has ever received and coming just days before national elections. The special court found Khan guilty of making public the contents of a secret cable sent by Pakistan's ambassador in Washington to the government in Islamabad, his Pakistan Tehreek-e-Insaf (PTI) party said. Former foreign minister Shah Mehmood Qureshi was also sentenced to 10 years in the same case.
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After drone attack on U.S. forces in Jordan, Pentagon sees ‘escalation’ but not ‘widening’ of war
“I wouldn't say that the conflict is spreading … But this attack was certainly escalatory,” Singh told reporters, adding that Iran “bears responsibility” for Sunday’s attack because of the decision to arm the groups that carried out the attack. But she stopped short of saying Iran played a direct role in planning, directing, or approving the strike.
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Cutting-edge defense assets set to land in Saudi Arabia for defense show
The occasion will also include air displays of various combat aircraft, including the Calidus B250 light attack aircraft, Eurofighter Typhoon, Dassault Rafale C, and F-15s, taking center stage daily. The Pakistan Air Force will also make an appearance with three JF-17 Thunder multi-role combat aircraft. Furthermore, UAV capabilities will be on full display, featuring the Red Cat Teal2, Firejet M180, and Skydio X10D. The static display area will showcase over 50 fixed-wing and rotary aircraft, offering visitors an up-close look at the Cessna Caravan, Boeing Chinook, Airbus A320, A321, and Cougar helicopter, Sikorsky Seahawk and Blackhawk, Bombardier Global 6500, Embraer KC-390, and the classic Lockheed Martin C-130.
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What it’s like to take a road trip in Saudi Arabia
Think of road trips and you might automatically imagine motoring along US highways, or roaming country to country through the mountains and vales of Europe. But it’s also possible in Saudi Arabia and – although some people might believe this would be a dusty, boring experience – it offers a surprisingly varied driving experience, along blacktop and gravel, through stunning deserts, bustling towns and lush oases.
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Saudi Aramco Drops Expansion Plan, Raising Demand Questions
The surprise move comes after the world’s biggest oil exporter had said in November that it was progressing “very well” with a multibillion-dollar project to boost capacity to 13 million barrels a day by 2027 as demand in China and India continues to grow. Saudi Arabia currently has capacity for 12 million and is producing about 9 million a day, after it curbed output as part of OPEC+ efforts to revive the global oil market and prevent a surplus.
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Saudi Arabia asks Aramco to lower its maximum capacity target
Saudi Arabia's government on Tuesday ordered state oil company Saudi Aramco (2222.SE), opens new tab to halt its oil expansion plan and to target a maximum sustained production capacity of 12 million barrels per day, one million bpd below a target announced in 2020. Saudi Arabia has for decades been the holder of the world's only significant spare oil capacity, providing a safety cushion in case of major disruptions to global output such as those caused by conflict or natural disasters. In recent years, fellow OPEC member the United Arab Emirates has also built up its capacity.
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Saudi ambassador ‘disappointed’ over ‘western centric’ criticism of mulled WTA Finals move
he criticism over moving the Women's Tennis Association Finals to Saudi Arabia represents stereotypical and western-centric views, Saudi ambassador to the United States Reema bint Bandar Al-Saud has said. The debate over hosting the event in the Gulf country has intensified, especially after notable opposition from tennis greats Chris Evert and Martina Navratilova, who expressed opposition in the Washington Post.
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Messi scores but Inter Miami loses to Saudi Arabian team Al-Hilal in friendly
The Major League Soccer team is playing two games in the oil-rich kingdom as part of its preseason preparations, but even Messi could not inspire it to victory in Riyadh. While Messi got on the score sheet with a second-half penalty, Malcom came up with the decisive goal to win the match in the 88th. Al-Hilal had been strongly linked with a move for Messi when he left Paris Saint-Germain and became the most sought-after free agent in the sport last year.
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Saudi Arabia’s Aramco halts plans to increase maximum oil production capacity
Saudi Arabia’s state-controlled Aramco on Tuesday announced it is pausing plans to raise its crude production capacity from 12 million barrels per day to 13 million barrels per day. In a statement, the world’s largest crude exporter said it had been ordered by the Saudi Ministry of Energy to maintain its Maximum Sustainable Capacity (MSC) at current levels, several years and billions of dollars since it received a directive to boost production capacity to 13 million barrels per day by 2027. Aramco, which went public in 2019, did not disclose the reason behind the ministry’s decision and said it will update its capital spending guidance when its full-year 2023 results are announced in March.
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