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HSBC, RBS to Discuss Potential Merger to Create 3rd Largest Lender in Saudi Arabia
- April 26,2017
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- SUSTG Team
For sale stakes in two Saudi banks pose risks and opportunities for buyers as Saudi Arabia pushes forward with massive economic and social reform plans. One of those for sale stakes in Alawwal Bank may have found an interested buyer. HSBC Holdings Plc and Royal Bank of Scotland Group Plc’s Saudi Arabia ventures are exploring a […]
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U.S. Secretary of Defense Jim Mattis Arrives in Saudi Arabia; First Top Trump Administration Official to Visit Kingdom
- April 18,2017
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- SUSTG Team
U.S defense Jim Mattis arrived in Saudi Arabia today, his first stop on a tour through the Middle East that will “focus on the fight against Islamic State and articulating President Donald Trump’s policy toward Syria,” Reuters reports. وزير الدفاع الأمريكي #جيم_ماتيس يصل #الرياض في أول زيارة لل #السعودية منذ توليه مهامه pic.twitter.com/Bp8RiYRlQp — U.S. […]
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Event Announcement: Vision 2030: One Year into Saudi Arabia’s Economic Reforms – A Discussion with Saudi Minister of Commerce Dr. Majed Al-Qassabi
- April 11,2017
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- SUSTG Team
Saudi Arabia’s ambitious Vision 2030 plan to reform the Kingdom’s economy was introduced almost one-year ago on April 26th, 2016. While it may take years or even decades to accurately measure the program’s successes and shortcomings, it is not too early to assess early progress with the critical initiative. Vision 2030: One Year into Saudi Arabia’s Economic […]
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Saudi Arabia Arrested 77 Suspected Terrorists Last Month
- April 6,2017
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- SUSTG Team
Saudi security forces arrested 77 terror suspects in March, according to an updated list posted on the Interior Ministry’s Nafethah Tawasol website and as reported in the Jeddah-based Saudi Gazette. The suspects belong to nine nationalities — 53 of them are Saudis. The others included 16 Turks, two Syrians, one Bengali, an Egyptian, an Indian, […]
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Saudi-American Healthcare Forum Set for April 23-26, 2017 in Riyadh
- April 3,2017
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- SUSTG Team
Under the patronage of H.E. Dr. Tawfiq bin Fawzan Al Rabiah, Saudi Arabia’s Minister of Health, organizers of the upcoming Saudi-American Healthcare Forum seek to build on the momentum established by previous events. The event, with the theme of Mapping the 2030 Transformation of the KSA Healthcare Sector: “The Road to Privatization,” will take place at the Ritz Carlton Riyadh […]
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U.S. Military Footprint Growing in the Middle East
- March 30,2017
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- SUSTG Team
Two months after the inauguration of President Trump, indications are mounting that the United States military is deepening its involvement in a string of complex conflicts in the Middle East – including in Yemen – that lack clear endgames, the New York Times reports in a detailed look at U.S. escalation in regional conflicts. According […]
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At Annual Arab Summit, King Salman Stresses Solidarity, Signs Deals with Jordan
- March 29,2017
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- SUSTG Team
Saudi Arabia’s King Salman is in Jordan this week for the annual Arab Summit, a meeting between Arab states on Wednesday to “achieve cooperation and solidarity” toward shared regional challenges. King Salman arrived early to meet directly with his Jordanian counterpart, King Abdullah II, and announce several agreements to boost cooperation and bilateral ties, including an […]
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Reports: Trump Administration Bans Laptops In-Flight for Saudi-US Flights
- March 21,2017
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- SUSTG Team
Lengthy flights from Saudi Arabia to the United States will now seem longer as the Trump Administration bans non-American carriers from allowing passengers to carry laptops in-flight. New TSA rules on flights originating from Riyadh and Jeddah state that laptops must be kept in checked baggage. The new rule “had been under consideration since the […]
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Seven Important Takeaways from Saudi Deputy Crown Prince Mohammed bin Salman’s Lunch Meeting with President Trump
- March 15,2017
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- Lucien Zeigler
A “senior advisor to Deputy Crown Prince Mohammed bin Salman” released an enthusiastic statement following yesterday’s meeting between the Prince and President Trump, calling the meeting a “huge success.” Observers of the U.S.-Saudi relationship will read the full text of the statement closely. It provides some insight into the thinking of Saudi leaders on the […]
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Deputy Crown Prince Mohammed bin Salman Departs for United States, Set to Meet with Donald Trump
- March 13,2017
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- SUSTG Team
Deputy Crown Prince Mohammed bin Salman is set to visit Washington, D.C. this week and will meet with President Trump. The Saudi Royal Court, in a statement carried by the official Saudi Press Agency, said that Prince Mohammed will meet with the President and a number of US officials to discuss “the strengthening of bilateral relations […]
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Donald Trump, Elon Musk And LIV Golf Chairman Appearance Sparks Golf Merger Rumors
The appearance of Donald Trump, Elon Musk, and LIV Golf Chairman Yasir Al-Rumayyan at UFC 309 in New York City has sparked renewed speculation about a potential merger in the world of golf. Taking place at Madison Square Garden, the event fueled rumors about possible collaborations between traditional golf tours and the Saudi-backed LIV Golf organization. A merger of this magnitude involves intricate logistics, including travel schedules and financial reconciliations for LIV Golf defectors. There have been debates surrounding penalties and conditions for those who had previously distanced themselves from the PGA Tour.
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Saudi FM arrives in Rio de Janeiro ahead of G20 Summit
Saudi Foreign Minister Prince Faisal bin Farhan arrived in Rio de Janeiro on Sunday ahead of this year’s G20 Summit, Saudi Press Agency reported. Prince Faisal is leading the Kingdom’s delegation to the summit on behalf of Crown Prince Mohammed bin Salman. The summit is due to take place on Monday and Tuesday.
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Explained: Why Saudi Arabia Executed Over 100 Foreigners This Year
According to AFP, foreigners executed this year included 21 from Pakistan, 20 from Yemen, 14 from Syria, 10 from Nigeria, nine from Egypt, eight from Jordan and seven from Ethiopia. There were also three each from Sudan, India and Afghanistan, and one each from Sri Lanka, Eritrea and the Philippines.
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Saudi Arabia keen as G20 member to support joint multilateral action: Al-Jadaan
"The Kingdom seeks to leverage the experiences of the G20 countries in the various fields discussed by the group, as the largest economy in the world. This is in addition to efforts made by the Kingdom's teams participating in the G20 to transfer the experience of rapid economic transformation in the Kingdom to brotherly and friendly countries in the group, which aims to achieve sustainable development and diversification in their economy, through the knowledge and expertise accumulated as a result of the strategies of Saudi Vision 2030 and National Transformation Programs,” he added, in a statement cited by the Saudi Press Agency, during the G20 Summit held under the Brazilian presidency.
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Royal Saudi Air Force commander meets US Air Force official
Lt. Gen. Turki bin Bandar bin Abdulaziz, the commander of the Royal Saudi Air Force, met the Deputy Undersecretary of the US Air Force for International Affairs Kelli Seybolt, the Defense Ministry wrote on X on Saturday.
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Saudi Arabia to Host 6th UN World Data Forum in 2026
Saudi Arabia has secured the hosting rights for the 6th UN World Data Forum, to be held in Riyadh in 2026. The announcement was made at the conclusion of the 5th UN World Data Forum, which took place in Medellín, Colombia, from November 12 to 15, 2024. The forum gathered representatives from 193 UN member states. Saudi Arabia’s selection was endorsed by the High-Level Group for Partnership, Coordination, and Capacity-Building in Statistics (HLG-PCCB), in recognition of the Kingdom’s robust statistical capabilities and commitment to data-driven development.
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Macron hosts Saudi business leaders to strengthen investments
French President Emmanuel Macron held an expanded discussion session on Saturday with a group of Saudi and French business leaders to develop and expand mutual investments between the two countries. The meeting, held at the Élysée Palace in Paris, was attended by the visiting Saudi Minister of Investment, Eng. Khalid Al-Falih. The session included the participation of 23 CEOs representing Saudi companies, with discussions focusing on strengthening Saudi-French collaboration in key sectors such as technology, energy transition, and tourism.
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Tunisian president hosts Saudi investment minister for talks
Tunisian President Kais Saied received Saudi Minister of Investment Khalid Al-Falih and his delegation on Saturday at the Presidential Palace of Carthage. The minister passed on greetings from King Salman and Crown Prince Mohammed bin Salman to Saied, along with their well wishes for Tunisia’s ongoing progress, stability and growth, the Saudi Press Agency reported.
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Saudi security forces arrest 20,124 illegals in a week
Those who were arrested included 11,607 violators of the Residency Law, 5,285 violators of the Border Security Law, and 3,232 violators of the Labor Law, the Ministry of Interior announced on Saturday. The total number of people who were arrested while trying to cross the border into the Kingdom accounted for 1,401, of whom 39 percent were Yemeni nationals, 60 percent Ethiopian nationals, and one percent belonged to other nationalities while 98 people were arrested while attempting to leave the Kingdom illegally.
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Trump’s oil and gas friendly energy secretary pick seen as ‘fantastic’ in Middle East
US President-elect Donald Trump's selection of oil industry veteran Chris Wright as energy secretary will likely be welcome in the Middle East where hydrocarbons dominate its economies, with one Saudi government official describing the nomination to S&P Global Commodity Insights on condition of anonymity as "fantastic." Wright, whose nomination to head the Department of Energy was widely reported Nov. 16 in the midst of the COP29 UN climate change summit, is CEO of oilfield services firm Liberty Energy, which has extensive operations in hydraulic fracturing. He is a climate change skeptic who has called net-zero plans "sinister."
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