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Recent stories from sustg
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With Demand Recovery Accelerating, Oil Markets Tick Up
- June 19,2020
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- SUSTG Team
Stronger consumption of oil globally pushed markets higher on Friday as countries move forward with opening back up despite concerns about the Coronavirus pandemic.
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Report: PIF to buy 2.32% stake in India’s Jio Platforms for $1.49 billion
- June 18,2020
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) will buy a 2.32% stake in Reliance Industries’ digital unit Jio Platforms for $1.49 billion, Reuters reports.
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Second Wave: Saudi Arabia Continues Battle Against COVID-19 Spread; 3,717 New Cases Reported
- June 10,2020
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- SUSTG Team
Saudi Arabia announced 36 more Coronavirus deaths and 3,717 new cases of the disease on Wednesday, a significant uptick in cases as the Kingdom deals with a second wave after initial successful efforts in flattening the curve.
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SAMA Uses Blockchain for Local Deposits of Announced Funds
- June 9,2020
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- SUSTG Team
The Saudi Arabian Monetary Authority (SAMA) used blockchain technology to deposit part of the liquidity that SAMA had previously announced to be injected into the banking sector “as part of SAMA’s actions aimed at enhancing the sector’s capabilities to continue its role in providing credit facilities,” the organization announced.
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Jadwa Chartbook: Saudi economic data from April shows Coronavirus impact
- June 2,2020
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- SUSTG Team
Economic indicators for the Saudi economy in April reflected the impact of COVID-19 containment measures on the local economy, with PMI remaining in contractionary territory, Jadwa Investment said in its recently-released chartbook.
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Sports Diplomacy in the Middle East: King Faisal Center for Research and Islamic Studies to Host Live Broadcast May 19th
- May 16,2020
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- SUSTG Team
The King Faisal Center for Research and Islamic Studies (KFCRIS) will host a live broadcast on Tuesday, May 19th at 3:00pm Washington, D.C. time (10:00 pm in Riyadh) on Sports Diplomacy in the Middle East, featuring speakers HRH Prince Faisal bin Bandar bin Sultan, president of the Saudi Arabian Federation for Electronic and Intellectual Sports (SAFEIS). The event […]
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‘Pockets of Demand’ Seen Returning for Oil as Suppliers Curb More to Boost Price
- May 12,2020
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- SUSTG Team
Areas of increased demand for oil are emerging as suppliers, lead by Saudi Arabia, cut additional output in hopes of boosting crude’s price, according to reports.
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Saudi Arabia’s coronavirus cases grow to 35,000
- May 8,2020
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- SUSTG Team
The number of coronavirus cases in Saudi Arabia exceeded 35,000 on Friday as the kingdom struggles to get to grips with rising numbers of new infections, Reuters reports.
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Analysis: Saudi Arabia Could ‘Emerge from the Pandemic Stronger, both Economically and Geopolitically’
- May 6,2020
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- SUSTG Team
In an opinion piece in Foreign Policy magazine, a former advisor to President Barack Obama and professor at Columbia University says it is likely that Saudi Arabia will emerge from the Coronavirus pandemic “stronger, both economically and geopolitically” and that its bold moves in oil markets created a win for the Kingdom.
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‘We are looking into any opportunity’, PIF Chief Says as Saudi Eyes Value Investments
- April 24,2020
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- SUSTG Team
Saudi Arabia’s head of its Public Investment Fund, Yasir Al-Rumayyan, said the fund is looking to make more value investments in the weeks and months to come with global markets down as a result of the Coronavirus pandemic.
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MUST-READS
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Trump Travel BanTrump’s Travel Ban: Supreme Court Ruling Expected Soon
The Supreme Court is expected to decide within days whether the Trump administration can enforce a ban on visitors to the U.S. from six mostly Muslim countries.
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IsraelIsrael would go ‘all-out’ if war breaks out again with Lebanon: air force chief
Israel would use all its strength from the start in any new war with the Lebanese militant group Hezbollah, the chief of the Israeli air force said on Wednesday, sending a firm warning a decade after their last conflict.
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Foreign Military SalesUS lawmakers skeptical of arms sales to Saudi Arabia, Pakistan, Lebanon
Days after the Senate vote to block smart-bomb sales to Riyadh narrowly failed, members of the House Foreign Affairs Committee's Terrorism, Nonproliferation and Trade Subcommittee grilled the Trump administration’s top officials for foreign military sales on the wisdom of a larger $110 billion deal with Saudi Arabia.
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EgyptEgypt bans scores of news websites in growing censorship crackdown
The spike in censorship has come as a surprise, even to journalists long-accustomed to reporting within strict red lines in Egypt where direct criticism of the military, the president, and judiciary are considered taboo and punishable by jail time.
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Laptop RestrictionsAirlines body says laptop ban affecting Middle East-U.S. traffic
Restrictions on bringing large electronic devices into aircraft cabins on certain routes to the United States are affecting traffic between the Middle East and the United States, a global airlines' association said on Thursday.
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Barclays BankSuit Alleging Secret Bank Deal Deemed Untimely
A construction company associated with one of Saudi Arabia's richest men failed to file in a timely manner its $10 billion fraud lawsuit accusing Barclays Bank of arranging an illicit deal with Saudi officials, a Manhattan appeals court ruled Thursday.
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Israel-PalestineIsraeli finance minister holds rare West Bank meeting with Palestinian PM
Israel's finance minister has met the Palestinian prime minister, Israeli officials said on Thursday, in a rare visit by an Israeli cabinet member to the occupied West Bank as part of a U.S. peace push.
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SABB-Alawwal MergerSaudi British Bank picks Goldman for Alawwal merger advice
Saudi British Bank (SABB), which is 40 percent owned by HSBC Holdings, has appointed Goldman Sachs to advise it on a proposed merger with fellow Saudi Arabian lender Alawwal Bank, sources familiar with the matter said.
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Tadawul MSCI BidDeutsche Bank Sees Saudi Inflows Topping $35 Billion on MSCI
Saudi Arabia could attract tens of billions of dollars in foreign investments in the Arab world’s biggest stock market if it’s added to MSCI Inc.’s emerging-markets index, according to Deutsche Bank AG’s chief executive officer for the Middle East and Africa.
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Softbank Vision FundSoftBank has taken a $4 billion stake in US chipmaper Nvidia
The Japanese tech giant, which acquired UK chip designer ARM for $31 billion (£24 billion) last September, reportedly disclosed that it owns an unspecified amount of Nvidia stock when it announced that it has closed a $93 billion (£72 billion) "Vision Fund" over the weekend.
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