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Is Saudi Arabia Moving Towards a Future Without Expatriate Workers?
- March 18,2015
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- SUSTG Team
Today in the Dubai-based newspaper The National, Gulf expert Theodore Karasik writes that Saudi Arabia is moving to provide more jobs for Saudis, and that under new King Salman, change is in the works for its troubled labor sector. The goal to stop relying on expatriate workers and to transition to a nearly all-Saudi workforce is […]
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Prince Turki al Faisal on Iran Negotiations: “Whatever Comes Out of These Talks, We Will Want the Same”
- March 17,2015
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- SUSTG Team
In an interview with the BBC on Monday, HRH Prince Turki al-Faisal said that Saudi Arabia would seek the same rights that Iran has with respect to enrichment of nuclear fuel. “Iran is a disruptive player in various scenes in the Arab world, and so ending the fear of Iran developing weapons of mass destruction […]
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As GCC Ministers Meet in Riyadh to Discuss Yemen, Houthis Conduct Military Drill on Saudi Border
- March 13,2015
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- SUSTG Team
Not long after it was reported that GCC Ministers had invited representatives from the Houthi militia to Riyadh to participate in talks, the Houthis conducted a military exercise involving “thousands of Shi’ite Muslim Houthi fighters” near Saudi Arabia’s border, according to reports. “The drill in the al-Buqa region in the Houthis’ home province of Saada included heavy […]
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Saudi Housing Minister Relieved of his Post – Report
- March 12,2015
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- SUSTG Team
Saudi Arabia’s Housing Minister Shwaish bin Saud Dhwaihi has been relieved of his post as minister of housing, following a royal order, according to reports. He will be replaced Essam bin Saad bin Saeed, Minister of State. Saudi Arabia’s Ministry of Housing was established by Royal Decree on March 25, 2011 by King Abdullah. In addition to managing Saudi Arabia’s […]
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In Speech, King Salman Delivers His Vision for Saudi Arabia
- March 11,2015
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- SUSTG Team
Saudi Arabia’s King Salman gave a speech highlighting his vision for Saudi Arabia and discussed key subjects such as energy, job creation, and stability. King Salman said Saudi Arabia was trying to minimize the impact of plunging oil prices on its economy, according to Arab News. “The low prices witnessed by the oil market are having an […]
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Report Sheds Light on Saudi Oil Policy Decision Making During Price Drop
- March 10,2015
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- SUSTG Team
An exhaustive report in the Financial Times (a paywalled source) by reporter Anjli Raval sheds light on Saudi thinking and strategy during the fall in the price of oil from highs in the summer of 2014. The report, which requires subscription to read, follows Saudi policy and events in oil markets, month to month, starting in June […]
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IHS Jane’s: Saudi Arabia is the World’s Largest Defense Importer, and Largest Buyer for the United States
- March 9,2015
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- SUSTG Team
Saudi Arabia replaced India as the largest buyer of defense equipment and weaponry worldwide in 2014, and the largest importer from the U.S., according to IHS Jane’s. One out of every seven dollars spent on defense imports in 2015 will be spent by Saudi Arabia, the British military publication said. Ben Moores, senior defence analyst at […]
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The State of Internet in MENA 2015: Growth in Full Throttle (But Beware of Bumps)
- March 6,2015
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- Khaldoon Tabaza
It’s an exciting time for MENA’s online industry. While traditional industries’ investors are starting to worry – due to low oil prices, a potential slowdown in construction and real-estate, and eroding margins in telecom and banking- online businesses continue to thrive, thanks to high demand and adoption of transactional services, as well as the transformation […]
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PHOTO: Kerry Meets with King Salman in Saudi Arabia
- March 5,2015
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- SUSTG Team
U.S. Secretary of State John Kerry is in Riyadh today to meet with King Salman and other high-level Saudi officials. The Secretary’s “Full Schedule” of meetings is an opportunity for the Secretary to build rapport with new Saudi officials, a State Department spokesperson said. The Saudi Press Agency (SPA) published this photo from today’s meeting […]
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#FocusKSA: SUSTG Speaks with Sharif Atta of SQM Frontier Management on the Opening of the Saudi Stock Market to Wider Foreign Investment
- March 4,2015
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- SUSTG Team
Sharif Atta of SQM Frontier Management speaks with SUSTG’s Richard Wilson on the opening of the Tadawul, or Saudi Stock Market, to wider foreign investment this Spring. The conversation is part of SUSTG and SUSRIS’ ongoing #FocusKSA discussions on Saudi Arabia.
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Israel fails to meet US aid demands to ease Gaza catastrophe, aid groups say
International aid groups said that Israel had failed to meet a series of U.S. demands intended to improve the humanitarian crisis in Gaza by a Tuesday deadline. The United States told its ally Israel in a letter on Oct. 13 that it must take steps to improve the aid situation in war-ravaged Gaza within 30 days. If not, it could face potential restrictions on U.S. military aid."Israel not only failed to meet the U.S. criteria
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COP29 Azerbaijan: ‘The world must pay up’, UN’s Guterres says
U.S. President-elect Donald Trump said on Monday he will appoint Republican former Congressman Lee Zeldin to head the Environmental Protection Agency. Zeldin often voted against legislation on green issues including a measure to stop oil companies from price gouging, "He will ensure fair and swift deregulatory decisions that will be enacted in a way to unleash the power of American businesses, while at the same time maintaining the highest environmental standards, including the cleanest air and water on the planet," Trump said in a post on his social media platform Truth Social.
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What a Donald Trump Victory Means for the Middle East
Expectations that Trump’s second term will see him renewing pressure on Iran over its nuclear program, push for an end to regional conflicts and Russia’s invasion of Ukraine will be welcomed in Gulf capitals. Trump's already indicated that one of his priorities would be to expand the Abraham Accords to include normalization of relations between Israel and Saudi Arabia. His transactional approach to foreign policy, the return of familiar faces from his previous administration, and expectations that pressure over human rights will come to an end will also be well received. But in other areas, the new administration's goals may clash with the interests of Gulf rulers. Plans for American 'energy dominance' could weigh on oil prices at a time when OPEC members are already constraining supply and losing market share.
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Saudi Arabia Needs to Build 115,000 Homes A Year to Hit Demand
Saudi Arabia will need to build 115,000 homes each year for the next six years to fulfill demand from a young population and hit ownership targets set by the oil-rich nation’s government, according to Knight Frank LLP. The kingdom’s government wants homeownership to reach 70% by 2030 from 63.7% at the end of 2023. The Saudi government’s target along with new household formation are helping drive much of the demand in a country where 45% of citizens are below 20 years old, according to the report. The kingdom’s Sakani program, which includes social housing, has 883,562 applications from people looking to buy homes with financing help through guarantees on mortgages below 520,000 riyals ($138,448). The kingdom’s population grew in Saudi at 1.8% annually compared with a global rate of 1.1% between 2010 and 2002, according to the World Bank.
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Arab, Muslim leaders meet in Saudi Arabia for talks on Gaza, Lebanon wars
The summit builds on the earlier Arab-Islamic summit held in Riyadh on Nov. 11, 2023, following the directives of King Salman and complementing the efforts of Crown Prince Mohammed bin Salman to address the dangerous and unprecedented developments in Gaza and the rest of Palestine. The foreign ministers of Saudi Arabia, Jordan, Egypt, Qatar, Turkiye, Indonesia, Nigeria, and Palestine, along with the secretaries-general of the Arab League and the Organization of Islamic Cooperation, aim to initiate immediate international action to halt the war on Gaza and achieve a lasting, comprehensive peace.
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US charges Iranian man in plot to kill Donald Trump
The United States charged an Iranian man on Friday in connection with an alleged plot ordered by Iran's elite Revolutionary Guards Corps to assassinate President-elect Donald Trump, the Department of Justice said. Farhad Shakeri informed law enforcement "that he was tasked on October 7, 2024, with providing a plan to kill" Trump, the department said in a statement. It said Shakeri told law enforcement he did not intend to formulate such a plan within the time frame directed by the IRGC.
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‘Change the Game’: Saudi Arabia Takes a Stride Into Women’s Tennis
Moving into tennis, Saudi Arabia recently hosted the Six Kings Slam, an exhibition showcasing the top men’s players. And it struck a three-year deal with the financially struggling WTA to bring its finals to Riyadh in part with the promise of awarding some $15 million in prize money this year. Those are the highest winnings in the history of women’s tennis, satisfying players’ demands for prize parity with men. “The Western world can keep reporting that our country is sportswashing, or whatever, but what matters is that my sisters and I can watch our favorite sports stars right here at home,” said Maryam al-Shammeri, who was in the crowd for the WTA final on Saturday night with her brother and two sisters.
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Preserving the Past, Building the Future: Saudi Arabia’s cultural heritage and business synergy
In the Quality of Life Program 2023 annual report, Saudi Crown Prince Mohammed bin Salman said that the Kingdom is striving to cultivate a deep sense of pride in the nation and actively contribute to global development and progress, across economic, environmental, cultural, and intellectual dimensions. The report further revealed that in 2023, the Ministry of Culture targeted 108,010 employees in the Saudi cultural sector, but recorded 216,878 workers during the year, reflecting an achievement rate of 201 percent.
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Saudi armed forces chief of staff in Iran for talks with officials
The chief of staff of Saudi Arabia's armed forces, Fayyad al-Ruwaili, visited Tehran on Sunday to meet with his Iranian counterpart and discuss defence ties, state media reported the Iranian Armed Forces General Staff as saying. The visit follows the election of Donald Trump, who will take office for a second term as U.S. President in January, and who has promised to bring peace to the Middle East.
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Iran’s president hails Saudi Arabia’s summit initiative in call with crown prince
Saudi Crown Prince and Prime Minister Mohammed bin Salman received on Sunday a phone call from Iran’s President Dr. Masoud Pezeshkian. During the call, the Iranian leader praised Saudi Arabia’s initiative to convene a joint Arab-Islamic follow-up summit to discuss the ongoing Israeli aggression on the Palestinian and Lebanese territories. He wished the summit a great success. The two leaders also reviewed the improvement of relations between the two countries and ways to further enhance them, the Saudi Press Agency reported.
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