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The Not-So ‘Vanishing Prince’: Saudi Crown Prince Mohammed bin Naif’s Busy Public Schedule and the Dangers of Saudi Kremlinology
- March 10,2017
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- Lucien Zeigler
‘Kremlinology’ originally applied to the attempt by outsiders to understand Russia’s political inner-workings. It can also describe any attempt to understand a secretive organization or process, and the Saudi royal family certainly fits this bill. Conclusions about the inner-workings of Saudi Arabia’s government and royal family based solely on appearance, rumor or sources that may […]
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Trump Administration Taking ‘More Saudi-Friendly Approach to the Conflict in Yemen’
- March 9,2017
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- SUSTG Team
The U.S. State Department’s approval of a resumption of weapons sales to Saudi Arabia that would reverse a decision by President Obama is “a potential sign of reinvigorated U.S. support for the kingdom’s involvement in its neighbor’s ongoing civil war,” the Washington Post reports. President Trump must approve the reversal, which was ordered by Secretary of […]
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U.S., Saudi Arabian Agribusiness Majors May Partner to Bid on Saudi Grains Milling Privatization
- March 8,2017
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- SUSTG Team
Saudi Arabia’s largest private agriculture company, Almarai, and U.S. agribusiness Archer Daniels Midland Co. are reportedly among companies eying Saudi Grains Organization’s (SAGO) milling operations, the kingdom’s sole supplier, according to an exclusive report by Reuters. The state-owned SAGO handles the Kingdom’s grains purchases, and is one of the world’s largest wheat and barley buyers. The company […]
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ExxonMobil Announces $20 billion Investment in Manufacturing on U.S. Gulf Coast
- March 7,2017
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- SUSTG Team
Exxon Mobil Corporation said in a press release that it is expanding its manufacturing capacity along the U.S. Gulf Coast through planned investments of $20 billion over a 10-year period “to take advantage of the American energy revolution.” The projects, at 11 proposed and existing sites, are expected to generate thousands of new high-paying jobs and […]
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As Saudi Aramco Prepares IPO, Investors Speculate on Ultimate Value
- March 6,2017
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- SUSTG Team
Fund managers and institutional investors are split on the expected value of Saudi Aramco, with a majority saying the company will have a market capitalization of $1 trillion to $1.5 trillion when it sells shares to the public next year, Reuters reports, citing a survey of fund managers conducted by regional investment bank EFG Hermes. That […]
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Despite Major Investments in Uber, Careem, Saudi Arabia Bans Ride-Sharing Apps from Airport Pickups
- March 2,2017
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- SUSTG Team
Saudi Arabia’s government has banned ride-sharing apps from making airport pickups, a report in Al Arabiya said, less than a year after the Kingdom’s Public Investment Fund (PIF) invested $3.5 billion into Uber and STC put $100m into Careem. The announcement is a setback for customers who prefer the ease, convenience, dependability, and safety of ride-sharing apps […]
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Saudi Arabia’s Fiscal Balance Program (FBP) 2020: The Kingdom’s Path to Fiscal Sustainability
- March 1,2017
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- SUSTG Team
Fiscal reforms already underway in Saudi Arabia could save the Kingdom as much as SR362 billion ($97 billion) annually by 2020, leading to a surplus of SR162 billion ($43 billion) annually, according to a recent analysis by Jadwa Investment. That amount is a significant increase as compared to if nothing was done to address Saudi Arabia’s fiscal […]
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Saudi Arabia Gains ‘Upper Hand’ in Competition for Asia Energy Demand with Massive $7b Aramco-Petronas Deal
- February 28,2017
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- SUSTG Team
Oil giant Saudi Aramco signed a $7 billion deal Tuesday to take a 50 percent stake in a mega Malaysian oil refinery project, in a pact expected to help Saudi Arabia increase trade in Southeast Asia and give the Kingdom an “upper hand” in the supply competition for Asia’s energy demand, according to reports. Saudi […]
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Saudi Arabia Makes Diplomatic Push to Warm Ties with Iraq
- February 27,2017
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- SUSTG Team
Saudi Arabia’s Foreign Minister Adel Al-Jubeir made a surprise trip to Iraq on Saturday, the first trip there by a Saudi foreign minister since 1990. While in Baghdad, Al-Jubeir met with Iraqi Prime Minister Haider Al-Abadi and his counterpart, Ibrahim Al-Jaafari. Al-Jubeir said that Saudi Arabia plans to appoint a new ambassador and resume direct flights […]
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Yemen’s President Hadi Says Saudis Gave $10 Billion to Rebuild War-Torn Nation
- February 23,2017
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- SUSTG Team
Yemen’s President Hadi said that Saudi Arabia has given his nation $10 billion to rebuild following nearly two years of civil war, according to reports. The funds will go to restoring electricity and water supply, healthcare, education and communications, according to RT. Hadi defined these as the “urgent priorities” for his government. Saudi officials have yet to […]
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Education Ministry inks agreements to train 255 Saudi doctors in Germany, Sweden and Ireland
This has led to the provision of 255 training seats — 130 in Germany, 50 in Sweden, and 75 in Ireland. The agreements were signed within the framework of official visits by the delegation of the Ministry of Education to a number of European countries, which comes as a continuation of the support of international partnerships. The specialties include anesthesiology, cardiac surgery, adult nephrology, neurosurgery, adult oncology, pediatric surgery, respiratory medicine, radiation oncology, as well as vascular surgery, oral and maxillofacial surgery, and nursing. The agreement’s key aim is to enhance the capabilities of health cadres, and expand the training opportunities available globally, in various health specializations.
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New Elections and Frustration Within Kuwait’s Elite
The 1962 Kuwaiti Constitution ensures popular representation through an elected Parliament and political rights as adjudicated by the Constitutional Court. The ruling family still maintains ultimate authority, holding the executive through its appointed Cabinet, and overseeing the judiciary through the approval of all judicial appointments. Still, the political system and the constitution that defines it require a higher degree of consensus building and legal adherence than in other states in the region. They also permit outcomes unthinkable in other Gulf countries, such as what happened in March: a court implicitly rebuking the actions of a ruling family-led executive and overturning a popularly elected Parliament.
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Ruba Al-Khaldi, Lujain Rafie to represent Saudi Arabia at London Design Biennale
The Architecture and Design Commission announced Saudi Arabia’s participation in the fourth edition of the London Design Biennale, which will be held at Somerset House, London from 1 to 25 June 2023. The biennale, with the theme of “The Global Game: Remapping Collaborations,” is a global gathering of the world’s most ambitious and imaginative designers, curators and design institutes.
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NEOM awards $1.5bn contract to connect THE LINE and Oxagon via high-speed railway
Webuild and its joint-venture partner Shibh Al Jazira Contracting Company (SAJCO) have signed a contract worth circa $1.5 billion to design and build 57 kilometres of a high-speed railway in NEOM, along the north Red Sea coast of Saudi Arabia. The contract covers the design and build for the majority part of the Connector, a railway connecting Oxagon, NEOM’s centre for advanced and clean industries with THE LINE, a future-forward city.
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Dubai could become home to the world’s largest ocean restoration project
Dubai Reefs bills itself as the world’s largest ocean restoration project; if built it would consist of 77 square miles of artificial reef that will create a home for more than one billion corals and 100 million mangrove trees.
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Saudis to be trained in event safety from major Qatar 2022 firm
A company that was instrumental in the success of the FIFA World Cup Qatar 2022 last year will train thousands of Saudis on event management and safety procedures, local Saudi outlet Arab News reported. Stadium LLC, based in Qatar, and Saudi Excellence Co. have inked a deal to open a training academy in Saudi Arabia to export knowledge. The agreement comes as Saudi Arabia seeks to expand its live entertainment and events industry as part of its Vision 2030 drive to diversify the economy and lessen its reliance on oil earnings.
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Training & developing Saudi young talent essential to the future of KSA’s entertainment industry
The findings from a recent advisory board meeting, held in Riyadh, revealed that for Saudi Arabia’s entertainment industry to continue to grow exponentially, it would need to cultivate a dynamic and creative workforce, develop and hone the skills of the country’s youth, and lean into the global success of the kingdom’s giga-projects. The findings emerged from the Saudi Entertainment & Amusement (SEA) Expo advisory board meeting in April, which brought together the kingdom’s foremost experts in the entertainment industry to discuss current market dynamics and trends, challenges, and potential solutions, and map out the future of the entertainment and leisure landscape in the country. The findings will be used to shape the agenda of the SEA Expo and its three-day summit, set to take place at the Riyadh International Convention & Exhibition Center from May 28th -30th.
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Saudi’s Morabaha Marina aims to raise up to $83.4 million in IPO – statement
Saudi Arabia's Morabaha Marina Financing Company said on Sunday it is seeking to raise up to $83.4 million in an initial public offering on the Tadawul exchange to strengthen its capital base and support future growth. The independent non-bank finance institution plans to sell a 30% stake, or 21.4 million shares, in a price range between 13 riyals ($3.47) and 14.6 riyals per share, implying a total offer size of 278.6 million riyals ($74.29 million) to 312.9 million riyals, it said in a statement.
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Saudi Arabia buys 5 airplanes for cloud seeding
Minister of Environment, Water and Agriculture and Chairman of the Board of Directors of the National Center for Meteorology (NCM) Eng. Abdulrahman Al-Fadhli signed an agreement on Thursday to buy five aircraft for the Regional Cloud Seeding Program; four are dedicated to cloud seeding and the specially-equipped fifth plane is allocated for weather and climate research and studies. These aircraft are the newest of their kind and equipped with all the necessary technologies.
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Disasters, exacerbated by climate change, displaced more people than war in 2022—the year Russia invaded Ukraine
By the end of 2022, a total of 71.1 million people were living in internal displacement, a state in which they have been forced to flee their homes but not crossed an international border. It marks the highest number on record and a 20% increase on the previous year.
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