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Saudi National Guard Troops Deploy to Najran Province on the Border with Yemen
- April 27,2015
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- SUSTG Team
In a bid to strengthen border security, Saudi Arabia has deployed National Guard (SANG) troops to the Najran Province on the border with Yemen, the SPA reports. Last week, a Saudi border guard was killed and two troops wounded by heavy gun and mortar fire in Najran. The report of the deployment comes amid an ever-evolving […]
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U.S. Science Envoy Travels to the Kingdom of Saudi Arabia ‘To Build and Strengthen Research Collaboration’
- April 24,2015
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- SUSTG Team
In a press release issued by the State Department, the Obama Administration announced that Science Envoy Dr. Peter Hotez will visit the Kingdom of Saudi Arabia, April 25–May 1, “in support of President Obama’s initiative to strengthen U.S. science and educational relationships overseas.” “Dr. Hotez will meet with representatives from the scientific, academic, medical, and business communities to […]
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President Obama, Arab Leaders Set for 2-Day Summit in Washington and Camp David May 13-14
- April 21,2015
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- SUSTG Team
President Obama will host leaders from GCC states in Washington D.C. next month in a bid to strengthen U.S-Arab ties, according to statements by the White House and reports in The Hill and Politico. “President Obama will welcome leaders from the Gulf Cooperation Council countries – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates – […]
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Photo: Year-Long U.S. Military Course for Saudis Brings Future Leaders to Stuttgart
- April 17,2015
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- SUSTG Team
According to a release today by the U.S. Africa Command, twenty-five military officers from Saudi Arabia traveled to Stuttgart, Germany to learn about the mission and programs of the U.S. Africa Command. “The officers are participants in the year-long Saudi Arabia War Course, a professional development program designed for those with potential for high level […]
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KAEC Fellowship Brings Harvard Grads For On-The-Ground Experience in Urban Planning
- April 16,2015
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- SUSTG Team
In 2014, Saudi Arabia’s King Abdullah Economic City (KAEC) launched the Impact KAEC Fellowship in 2014, inviting three students from Harvard’s Graduate School of Design for a hands-on experience in urban planning. The 2014-2015 Fellowship began in October 2014 and ended in March 2015. KAEC fellows “were placed within business units in the city to bring fresh ideas and […]
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Lack of Clarity from Capital Market Authority On Upcoming Stock Market Opening Leaves ‘Would-Be Investors Guessing’, Report Says
- April 15,2015
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- SUSTG Team
A report today in Bloomberg finds that Saudi Arabia’s Capital Market Authority has not provided clarity about how new rules permitting foreign investment in the Tadawul will square with existing rules preventing foreign access. The report, written by Dana El Baltaji, Deema Almashabi, and Sarmad Khan for Bloomberg, says that investors “are no closer to understanding how […]
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Writing from Saudi Arabia, Yemen’s President Pens Op-Ed in New York Times Seeking Western Help to ‘Save Yemen’
- April 12,2015
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- SUSTG Team
In a New York Times op-ed written from Riyadh, Saudi Arabia, Yemen’s President Abdu Mansour Hadi called for Western help in restoring him to power as he places blame directly on Iran and Ali Abdullah Saleh. “It is not too late to stop the devastation of my nation. The Houthis belong at the negotiating table, not […]
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Jadwa’s Quarterly Oil Market Update Finds Glut in Oil Markets Widening, Brent to Average $61 Per Barrel in 2015
- April 8,2015
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- SUSTG Team
Jadwa Investment’s just released Quarterly Oil Market Update (Q1 2015) found a widening glut in the supply of oil globally, putting downward pressure on the price on international indices. The Riyadh-based bank said that it now estimates an average price of oil at $61 per barrel in 2015, down from $79. “The widening of global oil […]
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Jadwa April 2015 Chartbook: Royal Decrees Boost February Economic Data
- April 2,2015
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- SUSTG Team
In Jadwa’s April 2015 Saudi Chartbook, economic data reflected strong growth in February of this year following the impact of the late January royal decrees. “Cash withdrawals from ATMs recorded a significant monthly increase in response to the two month’s salary bonus, Jadwa said. In addition, bank lending to the private sector recorded healthy growth in February. However, government deposits […]
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Starting (or Investing In) an Online Business in MENA: Lessons Learned for Founders and Investors
- March 31,2015
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- Khaldoon Tabaza
In the rush to create the next big success in the online industry in MENA, it is useful to pause and ponder key lessons our nascent community can benefit from based on the successes (and failures) of founders and investors in developed markets, such as the US, and other emerging markets more advanced than ours, […]
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Saudi crown prince meets with Pakistani army chief in Riyadh
Saudi Crown Prince Mohammed bin Salman received Pakistani Army Chief General Asim Munir in Riyadh on Wednesday, Saudi Press Agency reported. During the reception, Saudi-Pakistani relations and opportunities to develop them were reviewed. A number of issues of common interest were also discussed.
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19th Saudi Relief Plane Departs for Lebanon
A 19th relief plane of the Saudi air bridge, operated by King Salman Humanitarian Aid and Relief Center (KSrelief), left King Khalid International Airport for Lebanon today, carrying food, shelter, and medical supplies.
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Saudi Arabia approves cooperation agreement with US for the use of outer space for peaceful purposes
The Cabinet session, chaired by Crown Prince and Prime Minister Mohammed bin Salman in Riyadh on Tuesday, approved a framework agreement for cooperation in the fields of air navigation and the exploration and use of airspace and outer space for peaceful purposes between Saudi Arabia and the United States of America. The Council also approved, in principle, the national general framework and guiding principles for foreign direct investment.
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Saudis Plan $100 Billion AI Powerhouse to Rival UAE Tech Hub
The state-backed entity will invest in data centers, startups and other infrastructure to develop artificial intelligence, the people said, asking not to be identified discussing plans that aren’t yet public. The initiative, called “Project Transcendence,” will also focus on recruiting new talent to the kingdom, developing the local ecosystem and encouraging tech companies to put resources in the country, they said. An AI hub being built by Saudi Arabia’s PIF and Alphabet Inc.’s Google may serve as the starting point for a broader initiative, the people said. The companies are planning to invest between $5 billion and $10 billion in the partnership, which will include work on creating Arabic language AI models, one person said. Alphabet shares gained 4% on Wednesday to $176.51.
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Shortfalls in migrant workers’ insurance scheme highlight need for major reforms on eve of ILO labour complaint
On 7 October Saudi Arabia announced the launch of an insurance scheme to protect migrant workers’ wages- the latest in a series of labour rights reforms over the past few years as part of the country’s Vision 2030 plan to diversify the economy. However, the scheme and other reforms still fail to offer sufficient protection to foreign workers from exploitation and abuse. The complaint lodged against Saudi Arabia by global trade union Building and Wood Workers’ International (BWI) relates to severe human rights abuses and wage theft involving 21,000 workers. BWI lodged its complaint to the ILO in June 2024. It will be heard on 7 November at the ILO Governing Body meeting, and if accepted, could create a committee to look into the complaints and produce a report recommending further action.
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Arab leaders congratulate Trump but wonder if he can end Middle East wars as promised
Arab leaders quickly congratulated Donald Trump on his U.S. presidential election victory. Some are hopeful he could bring an end to conflicts raging in the Middle East while others are looking for a stronger stance against Iran. Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman, United Arab Emirates leaders, and Qatar’s emir, Sheikh Tamim bin Hamad, all congratulated Donald Trump on his win, saying strengthening strategic partnerships is important.
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Green Light for Energy: Egypt-Saudi Arabia Interconnection Project Moves Forward
In recent years, Egypt has faced substantial electricity supply challenges, exacerbated by heat waves and gas shortages, which have led to persistent rolling blackouts across the country since July 2022. The strain on the electrical system has grown due to increased demand, particularly from widespread use of air conditioning in Egyptian cities. In spite of this challenge, Egypt is steadfast in its ambitious goal of generating 42 percent of its electricity from renewable sources by 2035. Cairo has not yet met this target. The state has invested heavily in hydropower along Egypt’s coast, and in by the end of 2022 hydropower accounted for 2,832 MW of Egypt’s 6,322 MW of renewable energy capacity, or around 45 percent. However, renewables still only account for a small portion of the overall electricity mix. Although Egypt’s potential for renewable energy is increasing—and it has developed extensive solar and wind programs in addition to hydropower—it has not yet attained the 42 percent goal, and does not appear likely to in the near future.
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Commentary: Why Trump’s Middle East policy will go to the highest bidder
Trump is widely seen in the Gulf as a man without a clear vision for the region. His regional policy will be determined by the two most powerful foreign policy lobbies in Washington: the pro-Israel lobby on one side and the Gulf lobbies on the other. The crucial question will be to what extent the Gulf lobby networks will be able to pull together to achieve a common position on key regional issues such as Palestine as well as Iran and its ‘Axis of Resistance’.
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Apprehension in Iran as Trump returns to power
Donald Trump’s political comeback has sparked a deluge of mostly negative reactions in Iran. Many in Tehran—including hardliners—have expressed resentment at his return to the White House. However, some view Trump’s victory as an opportunity for Reformist President Masoud Pezeshkian to engage with the US.
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Saudi Tourism officially launches coastal super-destination
The Saudi Red Sea represents a pioneering effort in sustainable coastal development, encompassing a pristine 1,800-kilometre stretch of virgin coastline. This launch presents an extraordinary opportunity for superyachts, featuring cutting-edge infrastructure, dive sites, luxury accommodations and untouched natural landscapes. Red Sea Global, NEOM, Amaala, Jeddah Historical and KAEC were among the coastal destinations that were present on the stand.
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