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Analysis: Taking Stock of ‘Nitaqat’ Labor Reforms, 5 Years On
- February 3,2016
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- Nathan Field
5 years ago – as the Arab Spring rocked the Middle East – the Saudi government launched its own version of “political” reform. In September 2011 it began a series of policies aimed at reforming the country’s labor market and lowering the Kingdom’s chronically high unemployment rates. I have been following the fate of these […]
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Little Upside in Latest Jadwa Saudi Chartbook
- February 2,2016
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- SUSTG Team
Riyadh-based Jadwa Investment’s latest monthly chartbook overviewing the Saudi economy contains mostly negative economic data on consumer spending, activity, government accounts, and inflation. Economic data for the month of December 2015 indicates a slowdown in activity, and data on consumer spending continued to point to a softening trend, while PMI fell to a record low, […]
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Saudi Arabia, Turkey Support Syrian Opposition at Geneva Talks but ‘Avoid Setting the Agenda’
- February 1,2016
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- Lucien Zeigler
Saudi Arabia and Turkey voiced their support of Syria’s opposition members in Geneva for possible U.N.- sponsored peace talks with the Syrian regime, whether the opposition continued with the talks or not. The comments were made in a joint press conference by Saudi Arabia’s Foreign Minister Adel Al-Jubeir and Turkish Premier Ahmet Davutoglu in Riyadh. Saudi […]
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Saudi Competitiveness, Energy, Women in Focus at 9th Global Competitiveness Forum in Riyadh
- January 26,2016
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- SUSTG Team
The 9th Global Competitiveness Forum (GCF) in Riyadh entered its third and final day with a focus on energy, women in the workforce, and increasing Saudi Arabia’s competitiveness in the global economy. Annually, it is one of the largest business forums in the Kingdom and is well-attended by government, business, and academic leaders from Saudi […]
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U.S. Chamber of Commerce and Council of Saudi Chambers Kick-off U.S.-Saudi Arabia CEO Summit
- January 25,2016
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- SUSTG Team
On January 24, 2016 at the Council of Saudi Chambers of Commerce building the U.S.-Saudi CEO Summit kicks off a focused, high-level private-sector initiative to assess the U.S.-Saudi commercial and business environment in order to enhance bi-lateral trade, investment and cooperation. The Saudi-US Trade Group team is in Riyadh to participate in the inaugural U.S.-Saudi […]
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U.S., Saudi Business Leaders to Meet in Riyadh for U.S.-Saudi CEO Summit, GCF 2016
- January 21,2016
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- SUSTG Team
U.S. and Saudi business leaders will convene in Riyadh this weekend and into next week for events aimed at promoting business opportunities and investment in Saudi Arabia and enhancing the bi-lateral commercial relationship with the United States. The inaugural U.S.-Saudi CEO Summit, organized by the U.S. Chamber of Commerce and the Council of Saudi Chambers […]
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IMF Backs Saudi Cuts, Puts Saudi Growth Forecast at 1.2 Percent in 2016
- January 20,2016
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- SUSTG Team
The “new reality” of lower crude prices means governments in the Gulf – and especially Saudi Arabia – are right to cut spending to reflect this new fiscal reality, the IMF said. The IMF slashed its forecast for growth in Saudi Arabia, as it blamed the slowing Chinese economy, the collapse in oil prices and […]
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Saudi-led Intervention in Yemen to Restore Hadi Continues into 10th Month with ‘Different Objectives’
- January 19,2016
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- SUSTG Team
The Saudi-led intervention in Yemen continues into its 10th month of fighting with some gains but no decisive victory for the coalition seeking to restore power to the UN-recognized Hadi government and oust control of parts of the country from Houthi militia members. The coalition has retaken Aden, Yemen’s southern port, and according to Saudi […]
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FM Al-Jubeir: Most Effective Way to Solve Regional Crises ‘Through our close partnership and alliance with the United States of America’
- January 15,2016
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- SUSTG Team
U.S. Secretary of State John Kerry on Thursday stood by ally Saudi Arabia in its widening rift with Iran over the execution of a Shiite cleric while urging the regional rivals to pursue a diplomatic solution, the Associated Press reports. Kerry said Washington stands by its friends, “but we also want to see diplomacy work. […]
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Oil Dips Below $30 on Brent for the First Time Since 2004 as Iran, China Put Downward Pressure on Prices
- January 14,2016
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- SUSTG Team
The price of oil on Brent fell below $30 a barrel for the first time since April 2004, but eventually recovered to $30.22, according to reports. Oil prices have fallen by 70% in the past 15 months. A gusher of supply from around the world continues to put downward pressure on prices. According to CNBC, U.S. […]
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Saudi Arabia confirms virtual donors conference for Yemen in partnership with U.N.
Saudi Arabia confirmed that it will organise a virtual donors conference for Yemen on Tuesday in partnership with the United Nations. The state-run Saudi Press Agency on Friday cited a directive from King Salman, announcing the pledging conference.
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The Seven Natural Wonders of Arabia, Part I: Elephant Rock
Standing upon gold-hued sands with mountains looming in the background, Elephant Rock (known to locals as Jabal Al Feel) stands 171 feet (52 meters) tall and owes its name to its uncanny resemblance to its namesake pachyderm—sans tusks—with its trunk touching the ground. Surrounded by similarly unusual rock formations likewise carved from solid rock by erosion, it serves as a powerful magnet drawing rock climbers, hikers, campers, and fans of other desert sports such as camel riding and offroading from all over the globe.
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Saudi Arabia’s artistic awakening is defying decades-old barriers
Behind the Saudi government’s encouragement of arts and culture that have long been taboo is the desire to create a more well-rounded citizenry. It wants the next generation to be more innovative as the country transitions to a post-oil society.
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Saudi Arabia’s KAUST in global chip-development effort to thwart hackers
The scientists’ proposed system uses silicon chips containing complex structures that are irreversibly changed to send information in a one-time key that can neither be recreated nor intercepted by an attacker.
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Saudi public sector employees will return to work starting May 31
Restrictions will be lifted in three phases, culminating in the curfew completely ending from June 21, with the exception of the holy city of Mecca, the state news agency reported.
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Saudi volunteers using their cars and hearts to give back during Ramadan under coronavirus lockdown
As coronavirus lockdown brought normal life in Saudi Arabia to a halt, a group of Saudi princes, doctors, bankers, engineers, businessmen, teachers and students are working to take care of those self-isolating. Over 600 volunteers are working 24 hours a day to distribute essential items and food baskets to quarantine sites across the Makkah region and the Eastern province for free, helping residents stay inside and curb the spread of coronavirus.
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Saudi Arabia grants 348 licenses to international companies in first quarter of 2020
Investor licenses were granted to 348 new international companies in the first quarter of 2020, the Ministry of Investment of Saudi Arabia (MISA) said on Wednesday. The figures mark a 19 percent annual increase over the same period in 2019, and a 20 percent quarter-on-quarter increase over the last three months of 2019. However, month-on-month slowed in March as the coronavirus pandemic began to hit business growth, MISA noted in a statement.
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Saudi Supreme Court to announce start of Eid Friday night
The Supreme Court in Saudi Arabia asked the Muslim population to seek the new month’s moon on Friday, state news agency SPA reported. The new moon would signify the start of Shawwal - the tenth month in the Islamic lunar calendar - the end of Ramadan and the start of Eid Al-Fitr.
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The Month That Shook Saudi Economy Just the Start of a Long Slog
A graduate of Northeastern University in Boston who moved back home to Saudi Arabia, he just found work at the start of 2020 in the kingdom’s new entertainment industry, booming at the time under plans to reinvent the oil-based economy.
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VIDEO: For a Saudi artist, trash are a treasure trove for art
"When we recycle, we protect the environment, instead of throwing items away. I'm a person who doesn't like throwing anything away, if I do so I feel guilty because it takes time for trash) to decompose or to be recycled.
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