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FocusKSA Video: Former U.S. Ambassador to Saudi Arabia James Smith on the King Abdullah Scholarship Program
- August 27,2014
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- SUSTG Team
The number of students participating in Saudi Arabia’s King Abdullah Scholarship Program has skyrocketed over the past decade from around 2,000 students in 2002 to over 80,000 today, comments former U.S. Ambassador to Saudi Arabia James B. Smith. In a recent FocusKSA (a joint Saudi-US Trade Group/SUSRIS.com initiative) interview with Pat Ryan, SUSRIS Editor-in-Chief, former U.S. […]
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Where are U.S. Airstrikes Bombing Islamic State Locations in Iraq From?
- August 26,2014
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- Lucien Zeigler
Craig Whitlock in the Washington Post reports that recent U.S. airstrikes into Iraq on Islamic State targets are taking off from bases in Qatar and the UAE in addition to aircraft carriers in the Arabian Gulf, but neither government is directly admitting it at this time. That the U.S. is using Gulf allies as their […]
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How Chairman and Owner of the Atlantic David Bradley Played a Key Role in Journalist’s Release
- August 26,2014
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- Lucien Zeigler
Adam Goldman and Karen DeYoung detail in the Washington Post the role of David Bradley, Chairman and Owner of the Atlantic Media Group, and how the executive worked with an unnamed FBI Agent and Ghanim Khalifa al-Kubaisi, the chief of Qatar’s intelligence service, to free Peter Theo Curtis from captivity in Syria. The article draws […]
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Sfakianakis: Now is the Time for Energy Subsidy Reform in Saudi Arabia
- August 26,2014
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- John Sfakianakis
Annual energy subsidies in Saudi Arabia amount to $120 billion; roughly a quarter of all global energy subsidies combined. As with subsidies worldwide, those in Saudi Arabia are in place primarily for political and social reasons. Unfortunately, energy subsidies result in numerous and profound economic distortions that ultimately do not benefit the poor in particular […]
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The Good Stuff
- August 24,2014
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- Richard Wilson
So, Walid, this Saudi student at the University of Southern California was in Pennsylvania talking with some Amish farmers about their camels… A lot has been made of the King Abdullah Scholarship Program (KASP) established in 2005 to encourage Saudi students to study abroad. It is a truly ambitious enterprise that has propelled 150,000+ Saudi […]
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Saudi Arabia’s Timely Push for Solar to Reduce Oil Consumption
- August 18,2014
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- Lucien Zeigler
It’s no secret that Saudi Arabia’s energy consumption is soaring, and that to meet increasing demand, the Kingdom is siphoning off more and more of its crude to power the booming Saudi economy. Although Saudi Arabia has plenty of oil, what is consumed to meet domestic power demand cannot be sold on the market. Writing […]
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Sfakianakis: ‘The great giant of the emerging markets has finally awakened’
- August 15,2014
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- Lucien Zeigler
Saudi Arabia’s stability in contrast to many of its neighbors in the Middle East region is a cause for optimism for the Kingdom’s economy and future, writes John Sfakianakis in the Financial Times’ Beyond Brics blog. Noting that those who argue that the Kingdom is the next destination for turmoil have “been thinking that for […]
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Saudi Women’s Share in the Kingdom’s Commercial Activity Records a Sharp Increase
- August 5,2014
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- SUSTG Team
According to a recent report in the Saudi Gazette, the Kingdom’s women are increasing their share in Saudi Arabia’s private sector commercial activity, the Ministry of Commerce and Industry said in an annual report: The latest in an uptick in female involvement in the workplace, the news follows another report in the Saudi Arabic-daily OKAZ […]
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Turning the Corner on MERS
- August 5,2014
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- Lucien Zeigler
When the spread of the deadly coronavirus MERS started making headlines on a daily basis in the Spring, international concern began to mount that the Saudi government wasn’t doing enough to contain the virus. New confirmed cases started emerging in other countries in the region, even reaching the United States. As the death toll mounted, […]
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35 percent of hotel rooms in Dubai occupied by Saudi Citizens on Summer Vacation
- July 31,2014
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- Lucien Zeigler
Saudis are escaping the heat in the Kingdom by flocking to destinations abroad, but many aren’t making it far – a recent report in the Saudi Gazette finds that many are flocking to neighboring Dubai, a popular vacation spot for Saudis during the summer months. The Saudi Gazette reports that the high rates of Saudis […]
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MUST-READS
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Summer TimeSaudi King leaves country on holiday, crown prince to manage affairs in his absence
Saudi Arabia's King Salman left the country on holiday on Thursday and appointed the crown prince to manage the kingdom's affairs in his absence, state news agency SPA reported.
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Scientific CollaborationSaudi Arabia: making the most of local expertise
Alkuraya is scathing about what he calls a “pervasive trend” of shipping patient samples overseas to collaborators.
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BrexitSaudi’s Kingdom says Brexit costs it 150 million riyals on AccorHotels deal
Saudi Arabia's Kingdom Holding 4280.SE on Tuesday said it will record 150 million riyals ($40 million) less revenue from its share-swap deal with AccorHotels (ACCP.PA) due to foreign currency fluctuations caused by Brexit.
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Saudi-IranSaudi Backing of Iranian Exile Group Inflames Mideast Conflicts
Iran and Saudi Arabia are experts at infuriating each other, with dismal consequences for the region they co-inhabit. Facing off in proxy conflicts from Yemen to Syria, they are also practitioners in a propaganda war that now extends to open Saudi support for an Iranian exile group that seeks the overthrow of the Iranian regime.
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ACWA PowerSaudi Arabia’s Acwa Power Could Soon Be Bidding On Solar Energy Projects In The Kingdom
ACWA Power has been honing its expertise at delivering low cost solar energy projects since 2008. It develops, co-owns, and operates power production and water desalination plants in 12 countries in the Middle East, Africa, and Southeast Asia.
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Banking and FinanceDeposit decline begins to hurt Saudi banking sector liquidity
Saudi Arabia’s banking sector is expected to face further squeeze on liquidity as banks face sustained decline in deposits aggravated by decline in economic growth and fiscal adjustments necessitated by persistent fall in oil prices.
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Saudi Aramco IPOSaudi Aramco IPO Has Investment Banks Flocking to Riyadh
HSBC and JPMorgan Chase are doing particularly well thus far. HSBC is working on the privatization of the Saudi Stock Exchange and the potential split up of the Saudi Electric Co. JPMorgan, HSBC, and Citi will all be involved in the Kingdom’s first international bond sale, which could open the door to future business from other Saudi groups.
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Global Oil MarketsSaudi Strategy Working: OPEC Captures Largest Market Share Since 1975
OPEC has captured its largest share of the oil market since 1975, which could be seen as a vindication of the cartel’s strategy over the past two years.
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Saudi SoccerCommentary: Saudi soccer crisis: A microcosm of what reform means for the kingdom
A match fixing scandal and a financial crisis in Saudi soccer provide a microcosm of the daunting task and pitfalls involved in Deputy Crown Prince Mohammed Bin Salman’s plans to reform and diversify the kingdom’s oil dependent economy, streamline its governance, and upgrade its autocracy.
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Aramco IPOSaudi Aramco’s Proposed IPO: Curing the Kingdom’s “Addiction to Oil”
From a regulatory point of view, one of the potential benefits of such a listing is the transparency it would provide into Aramco, a company noted for its secrecy, with many having questioned the accuracy of the company’s claims regarding its reserves, and one that has remained consistently immune to scrutiny from financial authorities.
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