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Saudi Arabia Eyes Stake in $30 Billion Indian Cricket League – Report
- November 6,2023
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- SUSTG Team
Saudi Arabia has expressed interest in buying a multibillion-dollar stake in the Indian Premier League (IPL), international cricket’s most lucrative event, Bloomberg reports.
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Habitas to Manage Neom’s Annonuced Mountain Destination Leyja with 120 Rooms
- November 1,2023
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- SUSTG Team
Saudi Arabia’s mountain destination of Leyja, announced last month, will be managed by high-end brand Habitas, according to a report.
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Saudi Arabia’s AlUla Reveals Winning Design for New Airport Terminal
- October 31,2023
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- SUSTG Team
The Royal Commission for AlUla (RCU) has unveiled the winning design for AlUla’s new airport terminal in Saudi Arabia following a global competition, according to a report. The winning design was announced last week at the Kingdom’s 7th Future Investment Initiative conference in Riyadh.
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Saudi defense minister expected to visit White House on Monday – Axios Report
- October 30,2023
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- SUSTG Team
Saudi Arabian Defense Minister Prince Khalid bin Salman is expected to visit Washington on Monday for meetings with senior Biden administration officials, according to a report in Axios which cited three sources.
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Saudi Arabia’s Non-Oil GDP Expected to Grow by 6% in 2023, Finance Minister Al-Jadaan Says at FII
- October 26,2023
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- SUSTG Team
Saudi Arabia’s Finance Minister Mohammed Al-Jadaan addressed Saudi Arabia’s economy and fiscal situation in 2023 and beyond during his speech at the FII in Riyadh, noting that Saudi Arabia’s non-oil gross domestic product (GDP) is expected to grow by around 6% this year and said it would continue to see similarly healthy growth in the years ahead.
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President Biden, Saudi Crown Prince Mohammed bin Salman Hold Call to Discuss Israel-Hamas War Diplomacy
- October 25,2023
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- SUSTG Team
U.S. President Joe Biden and Saudi Arabian Crown Prince Mohamed bin Salman on Tuesday discussed efforts to prevent the Israel-Hamas conflict from widening, the White House said.
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Goldman Sachs Research Report Highlights Saudi Investment to Transform Economy, Says Efforts are Showing Results
- October 19,2023
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- SUSTG Team
Saudi Arabia’s focus on diversifying its economy beyond oil is showing results, according to a recent report from Goldman Sachs Research.
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Gallup Poll Finds Palestinians Lack Faith in Biden, Two-State Solution
- October 18,2023
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- SUSTG Team
Hamas’ killing of an estimated 1,400 Israelis — the vast majority being civilians killed in their homes — has been followed by another humanitarian crisis in Gaza. Already, as many as 3,000 Palestinians have been killed in Israeli retaliatory bombing, as a potential Israeli ground invasion appears imminent. Even before the latest chapter in the conflict, Palestinians’ […]
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NEOM Unveils Leyja, the Area’s Latest Sustainable Tourism Destination
- October 16,2023
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- SUSTG Team
Saudi Arabia’s NEOM unveiled on Sunday the latest addition to its portfolio of ecotourism developments, “Leyja,” that starts along the Gulf of Aqaba coast and stretches inland through a valley surrounded by 400-meter-high mountains.
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Saudi Arabia’a Allocating $267 Million to Intellectual Property Strategy, a Sign That Kingdom is ‘Prioritizing a Knowledge-Based Economy’
- October 12,2023
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- SUSTG Team
The allocation of $267 million to the Intellectual Property Strategy is a signal that Saudi Arabia is “prioritizing a knowledge-based economy,” according to an item in the International Intellectual Property Law Association website.
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MUST-READS
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Saudi Arabia’s Communications, Space and Technology Commission Welcomes E-Space to Enter the Saudi Market
E-Space, a global space company focused on bridging Earth and space with the world's most sustainable low Earth orbit (LEO) network, today announced that the Kingdom of Saudi Arabia's Communications, Space and Technology Commission (CST) has now listed E-Space in their new Satellite Registry to land communications traffic in the Kingdom. This is a critical step that will allow E-Space to deliver its innovative, space-based, smart internet of things (Smart-IoT) solutions in a key economy in the Middle East
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SPARK to Launch Organic Fertilization to Lock Humidity in Saudi Arabia’s Sands
With the launch of the 2022 United Nations Climate Change Conference (COP27) in Sharm El-Sheikh, which will witness the holding of the largest regional gathering in support of the two Saudi initiatives - the Green Middle East and Green Saudi Arabia - the King Salman Energy Park (SPARK) is emerging as a sustainable global energy center in the east of the Kingdom, with the vision of becoming a regional gateway for logistics services in the energy sector.
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Saudi Govt Approves Establishment of Higher Council of Space Headed by Crown Prince Mohammed
The Saudi government approved on Tuesday the establishment of the Higher Council of Space that will be headed by Prince Mohammed bin Salman, Crown Prince and Prime Minister. Custodian of the Two Holy Mosques King Salman bin Abdulaziz chaired the cabinet meeting that was held in Riyadh. The government also approved an amendment to the name of the Communications and Information Technology Commission, changing it to the Communications, Space and Technology Commission.
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Amid oil spat, White House welcomes Saudi moves on Ukraine
The White House on Tuesday welcomed moves taken by Saudi Arabia to help Ukraine in its war with Russia as President Joe Biden ponders how tough to be against the Saudis for joining an oil output cut. White House spokesperson Karine Jean-Pierre told reporters that Biden and his team would take their time in assessing what consequences Saudi Arabia should face for an Oct. 12 decision by Saudi-led OPEC+ to cut oil output.
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Saudi Arabia ‘maturer guys’ in spat with U.S., energy minister says
Saudi Arabia decided to be the "maturer guys" in a spat with the United States over oil supplies, the kingdom's energy minister Prince Abdulaziz bin Salman said on Tuesday. The decision by the OPEC+ oil producer group led by Saudi Arabia this month to cut oil output targets unleashed a war of words between the White House and Riyadh ahead of the kingdom's Future Investment Initiative (FII) forum, which drew top U.S. business executives.
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Riyadh and Washington will overcome spat, Saudi minister says
"If you look at the relationship with the people side, the corporate side, the education system, you look at our institutions working together we are very close and we will get over this recent spat that I think was unwarranted," Saudi Investment Minister Khalid al-Falih said.
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Saudi delegation heads to Spain to broaden and deepen the long-standing bilateral relations
A high-level delegation from the Kingdom of Saudi Arabia, including key government and private sector figures, will travel to Madrid today to represent the Kingdom at the third Saudi-Spanish Joint Committee (SSJC) as Saudi Arabia and Spain look to further strengthen their longstanding bilateral relations.
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Incredible footage of Dubai from the International Space Station
The International Space Station (ISS) is in low earth orbit, approximately at 408km orbit height from Earth. The section of the earth visible by the ISS at a given time is around 2000 miles. The space station orbits earth every 90 minutes.
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Opinion: Democrats Can’t Let OPEC+ Spat Derail US-Saudi Relationship
The Saudis have a very different point of view. The official line is that it is “ just an economic decision” — but it's more than that. It’s a strategic move in the broadest sense, yet not aimed against Washington and even less toward Moscow. Saudi Arabia is attempting an epochal socio-economic transformation in short order. The country has a few decades to use its remaining oil revenue to remake itself into a society that can function without relying on petroleum exports.
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Axiom’s Next Trip to ISS Will Carry First Saudi Woman in Space
Axiom Space is the first company to take advantage of NASA’s commercial spaceflight participant program, which was set up in 2019. Axiom handles the logistics for its crewed missions, including the arrangements for training, launch and recovery, with reimbursement to NASA for the space agency’s expenses. The customers for Ax-1 were said to have paid $55 million each for their ride.
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