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Recent stories from sustg
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Saudi’s Regional Headquarters Program Moves Forward
In February the Zakat, Tax and Customs Authority published guidelines specifying RHQ tax rules. Under the new rules, specific activities qualify for tax incentives. The new RHQ tax rules aim to clarify the scope and conditions of tax relief for RHQ entities, as announced by MISA in December 2023.
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EU announces five-year Schengen visas for Saudi, Omani and Bahraini citizens
The EU will now allow citizens from Saudi Arabia, Oman, and Bahrain to apply for five-year Schengen visas. This marks a significant step forward in strengthening people-to-people relations between the EU and the GCC.
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Global Defense Spending Spikes in 2023
According to a study by Forecast International in 2023 global defense spending grew at its fastest pace in the last decade as governments respond to security crises unfolding around the world.
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IMF Sees OPEC+ Turn on Oil Production as Boon for Saudi Economy in 2025 – Report
The International Monetary Fund said it expects OPEC and its partners to start increasing oil output gradually from July, “a transition that’s set to catapult Saudi Arabia back into the ranks of the world’s fastest-growing economies next year,” according to a report in Bloomberg. “We are assuming the full reversal of cuts is happening at the beginning of 2025,” […]
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Prospects for Saudi Arabia hitting 2030 Renewable Energy Targets
In 2016 Saudi Arabia’s Vision 2030 had an initial target of deploying 9.5GW of green energy by 2030. The latest revision made in 2023 targets 130GW of renewable power capacity by 2030. GlobalData, a leading data and analytics company, says the Kingdom can come close to that target.
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Saudi Arabia Moves Closer to $1 Billion stake in a Pakistani mine – Report
Saudi Arabia is moving closer to a potential deal to acquire a minority stake in a Pakistan mine controlled by Barrick Gold Corp., people with knowledge of the matter told Bloomberg.
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Saudi Arabia Fares Well in 2024 Kearney FDI Confidence Index
Ongoing economic and business-related reforms helped the United Arab Emirates and Saudi Arabia post the biggest jumps in Kearney’s 2024 Foreign Direct Investment Confidence Index. The countries climbed ten spots from 2023, to eighth for the UAE and 14th for Saudi Arabia.
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Saudi defense minister receives phone call from US counterpart; Kingdom denies role in shooting down Iranian attack
Saudi Minister of Defense Prince Khalid bin Salman received on Sunday a phone call from U.S. Secretary of Defense Lloyd Austin, according to reports.
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Dr. William Greene, CIO of the Hevolution Foundation, joins The 966 to talk latest investments, strategy for Hevolution
William Greene, MD, Chief Investment Officer (CIO) of the Hevolution Foundation, joins The 966 to talk about Hevolution’s investment strategy and role as an investor in the emerging field of Healthspan Science. As CIO, Dr. Greene oversees all aspects of Hevolution Foundation’s investment strategy, planning, analysis, and execution.
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Halo Space to test Balloon Flight from Saudi
Spanish company Halo Space is in talks with Saudi regulators to set up a base in the kingdom for balloon flights into space. Ongoing tests are planned for Saudi Arabia this summer.
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MUST-READS
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Trump admin may send captured ISIS fighters to Iraq prison, Guantanamo
The Trump administration is weighing a plan to send hundreds of captured ISIS fighters to an Iraqi prison after other countries refused to take them, and to send several of the highest-value fighters to the U.S. detention facility in Guantanamo Bay, according to five U.S. officials and two European diplomats.
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Guantanamo detainee transferred to Saudi custody, 1st for Trump administration
Mohammed Ahmed Haza al-Darbi, who pleaded guilty to participating in a 2002 al-Qaeda attack on a French oil tanker off the coast of Yemen, was transferred from the U.S. detention facility in Cuba to his home country of Saudi Arabia to serve the remainder of his 13-year sentence.
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Pentagon hopes Guantanamo inmate will ‘soon’ go to Saudi Arabia
Darbi entered a plea deal in February 2014 that saw him admit to planning, aiding and supporting an attack on the MV Limburg, which killed a Bulgarian sailor, injured a dozen and caused a large oil spill in the Gulf of Aden.
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Will Trump release a Saudi prisoner from Guantanamo?
On the campaign trail Donald Trump said he wanted to keep the detention center at Guantanamo Bay open and "load it up with some bad dudes." But President Trump may actually oversee a slight decrease in the population.
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Mattis is 1st Pentagon chief to visit Guantanamo since 2002
U.S. Defense Secretary Jim Mattis visited the American Navy base at Guantanamo Bay, Cuba, to offer holiday greetings to troops Thursday. It was the first trip there by a Pentagon chief in almost 16 years.
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The Disarming Paintings Made by Guantánamo Detainees
Two of his watercolors are included in “Ode to the Sea: Art from Guantánamo Bay,” a startling exhibit on display through January at the John Jay College of Criminal Justice.
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FBI Agent: Saudi at Guantanamo Admitted Helping 9/11 Plot
Mustafa Ahmed al-Hawsawi, now facing a war crimes tribunal, spoke to interrogators over four days in January 2004 as they showed him evidence of his involvement in the terrorist attack.
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Saudi Arabia is about to release several ex-Guantanamo Bay detainees
Saudi Arabia is quietly preparing to release a group of Yemenis once held in Guantánamo, the first non-Saudis to graduate from its 13-year-old deradicalization program. The imminent release of the nine Yemeni men, however, comes at a tense time for the kingdom and a potentially awkward moment for Washington.
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In a highly unusual move, an American general is sentenced to confinement at Guantanamo Bay
Brig. Gen. John G. Baker, the chief defense counsel for military commissions at Guantanamo, received 21 days of confinement in his trailer at Guantanamo after the judge, Air Force Col. Vance Spath, held Baker in contempt of court. Harvey Rishikof, a U.S. official who oversees the commissions, will decide in the next few days whether to affirm, defer, suspend or disapprove Spath’s sentence, a Pentagon spokesman said.
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Attorney general says he favors bringing new detainees to Guantanamo
Attorney General Jeff Sessions on Thursday said he is in favor of bringing new enemy combatants to Guantanamo Bay, Cuba, reversing eight years of Obama administration policy aimed at shrinking the population at the military detention facility in the hopes of eventually closing it.
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