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New Rules Build on Saudi Efforts to Eliminate Use of Islamic Charities for Extremist Funding
- April 21,2022
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- SUSTG Team
New rules from the Saudi government have been put in place to make it harder for charities in Saudi Arabia to become donators to extremists causes both inside and outside of the Kingdom, according to a report. The Saudi Public Prosecution has banned the establishment of private websites to collect donations for charitable work outside the kingdom, in […]
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Energy, hydrogen, and more with Phillip Cornell from The Economist Impact and the Atlantic Council and much more…
- April 8,2022
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- SUSTG Team
In Episode 34, The hosts welcome Phillip Cornell, senior fellow, Global Energy Center at the Atlantic Council, and Principal for Energy and Sustainability at the Economist Impact, and brings over 15 years of international experience in private and public sectors (World Bank, IEA, Aramco, NATO, Dow Jones) onto The 966 to talk about the global […]
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Saudi Non-Oil Private Sector Continues Solid Growth in March – Survey
- April 5,2022
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- SUSTG Team
Saudi Arabia’s non-oil private sector “kept up its solid pace of growth in March as output expanded at the fastest rate in over four years,” a survey showed on Tuesday.
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Ramadan 2022 Set to Begin with Crescent Moon Sighting in Saudi Arabia April 1-2
- March 31,2022
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- SUSTG Team
Ramadan 2022 is set to begin in Saudi Arabia upon the sighting of the crescent moon as soon as April 1, with authorities urging Saudis to keep a look out for the moon starting Friday night.
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Recovering Saudi Economy Sees Unemployment Among Saudi Nationals Lowest Since 2009
- March 30,2022
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- SUSTG Team
Saudi Arabia’s booming economy is translating to a strong job market in the Kingdom both for expats and citizens alike, according to a report in Bloomberg, which cited latest data from the kingdom’s General Authority for Statistics.
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Saudi Arabia Seeks to Launch Middle East’s First Carbon Exchange with Aramco, ACWA
- March 23,2022
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- SUSTG Team
Saudi Aramco and ACWA Power may be the first of a total of five companies to join a new carbon exchange set up by the Kingdom’s Public Investment Fund (PIF), according to Bloomberg.
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Biden White House Supplies Saudi Arabia with ‘Urgent’ Patriot Missile Request, Condemns Houthi Attacks
- March 21,2022
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- SUSTG Team
The Biden administration has transferred a “significant number of Patriot antimissile interceptors to Saudi Arabia within the past month,” the Wall Street Journal reports, fulfilling an “urgent request for a resupply” by Saudi Arabia.
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Inaugural World Defense Show in Saudi Arabia Produces Results in Saudi’s Localization Drive for U.S. Companies
- March 7,2022
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- SUSTG Team
Saudi Arabia is hosting its first ever major defense show as industry giants from around the world assemble in Riyadh to display the latest in military tech — and pitch for lucrative opportunities as Saudi Arabia seeks to localize much of its defense industry production.
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Veteran Saudi Journalist Khaled Almaeena Joins The 966 to Talk Ukraine, Energy Markets, and More
- February 25,2022
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- SUSTG Team
Khaled Al-Maeena, Saudi journalist, commentator, businessman and the former editor-in-chief of the Saudi Gazette and Arab News joins The 966 for Episode 28 to talk about Saudi Arabia’s role in energy markets, the war in Ukraine, and much more.
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Saudis Worldwide Mark Inaugural Celebration of Founding Day
- February 22,2022
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- SUSTG Team
Saudi Arabia held celebrations on Tuesday to commemorate for the first time the Kingdom’s foundation nearly 300 years ago, “choosing a date that downplays the central role played by clerics from the ultra-conservative Wahhabi school of Islam” and instead focusing on the date in 1727 when Mohammed bin Saud, founder of the first Saudi state, took over […]
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MUST-READS
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Banking and FinanceVideo: Saudi Arabian Banks Favored, FFA Private’s Salem Says
Marie Salem, director of capital markets at FFA Private Bank, talks about Saudi Arabian stocks. She speaks with Yousef Gamal El-Din on "Bloomberg Daybreak: Middle East."
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AgricultureSaudi Arabia Inches Closer to Privatizing Flour Milling Sector
Saudi flour mills are only a few steps away from the privatization process after fulfilling investor requirements, while still preserving the characteristics of their sector.
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PrivatisationExpect ‘increasing privatization’ in Saudi Arabia soon: Researcher
Nishit Lakhotia of SICO says Saudi Arabia has raised incomes and taken steps to push privatization to diversify its economy.
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SmokingVAT on tobacco in Saudi Arabia persuades many smokers to quit, but some hang on
The ministry has taken many initiatives to curb smoking. In addition to running different awareness campaigns, the authorities have introduced treatment services like anti-smoking clinics.
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ReligionReport: Saudi Arabia ‘agrees deal with Vatican to build churches for Christians in the Muslim country’
During the visit earlier this year Riyadh-based Etidal, the Arabic acronym for the Global Center for Combating Extremist Ideology, discussed with the cardinal its use of media and technology to 'disrupt extremist recruitment and promote tolerance', a government statement said.
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PrivatisationChallenges and risks in the historic Saudi Arabian privatization plan
Raising around $10 billion through state sell-offs, public private partnerships and trade sales is certainly a long way from the $200 billion put up as the total value of the privatization program just last year, but you have to start somewhere.
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Saudi FDAViewpoint: Saudi Arabia can’t build an innovation economy at the expense of American innovators
Despite multiple patent infringement appeals, the Saudi government did nothing – and, in fact, still allows the generic copycat to distribute its product within the kingdom today, without properly compensating the innovator company.
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Reema Bint BandarSaudi Arabia moves to elevate women following Mohammed bin Salman’s reform program
HRH Princess Reema bint Bandar Al-Saud talks about change for women and economics, in the wake of Crown Prince Mohammed bin Salman’s new reform program, in the kingdom of Saudi Arabia.
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Value-Added TaxSaudi Arabia CPI to reflect VAT
Saudi Arabia’s government is trying to reduce its dependency on oil revenue. Amongst various measures to rebalance its budget it introduced a five per cent value-added tax (VAT) on 1 January 2018 and cut subsidies on fuel and electricity. It was no surprise that this plan forwarded some household spending in December, that is before the introduction of the VAT, and had a negative impact on the business climate of the non-oil sector, as it is reflected in the sharp decrease of the purchasing managers index to an all-time low of 53 in January 2018.
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VATSaudi Arabia’s economy is already feeling the effects of VAT
Companies had boosted output and purchasing at the end of last year, ahead of the new tax, meaning the slowdown “is likely to be transitory,”
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