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The Not-So ‘Vanishing Prince’: Saudi Crown Prince Mohammed bin Naif’s Busy Public Schedule and the Dangers of Saudi Kremlinology
- March 10,2017
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- Lucien Zeigler
‘Kremlinology’ originally applied to the attempt by outsiders to understand Russia’s political inner-workings. It can also describe any attempt to understand a secretive organization or process, and the Saudi royal family certainly fits this bill. Conclusions about the inner-workings of Saudi Arabia’s government and royal family based solely on appearance, rumor or sources that may […]
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Trump Administration Taking ‘More Saudi-Friendly Approach to the Conflict in Yemen’
- March 9,2017
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- SUSTG Team
The U.S. State Department’s approval of a resumption of weapons sales to Saudi Arabia that would reverse a decision by President Obama is “a potential sign of reinvigorated U.S. support for the kingdom’s involvement in its neighbor’s ongoing civil war,” the Washington Post reports. President Trump must approve the reversal, which was ordered by Secretary of […]
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As Saudi Aramco Prepares IPO, Investors Speculate on Ultimate Value
- March 6,2017
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- SUSTG Team
Fund managers and institutional investors are split on the expected value of Saudi Aramco, with a majority saying the company will have a market capitalization of $1 trillion to $1.5 trillion when it sells shares to the public next year, Reuters reports, citing a survey of fund managers conducted by regional investment bank EFG Hermes. That […]
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King Salman Launches Month-Long Investment Tour in Asia
- February 24,2017
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- SUSTG Team
Saudi Arabia’s King Salman leaves Sunday for a month-long tour of key nations in Asia as the region grows in influence as an oil importer and potential investor in the Saudi economy. The King is expected to visit Malaysia, Indonesia, Japan and China. It is his first trip outside the Middle East and North Africa since […]
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Milestones in Saudi Arabia as Women are Appointed to Head the Kingdom’s Stock Exchange, Major Newspaper for the First Time
- February 17,2017
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- SUSTG Team
For the first time in Saudi Arabia, a woman will head up the Kingdom’s stock exchange and one of the country’s daily newspapers as incremental progress toward equality for women continues. The appointment of Sarah Al-Suhaimi to chair the Saudi stock exchange, or Tadawul, is in line with an ambitious economic and social reform program […]
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Photos Show Severe Floods Hitting Saudi Arabia’s Asir Region
- February 15,2017
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- SUSTG Team
At least one person was killed and hundreds rescued on Wednesday after severe flooding in Saudi Arabia’s Asir region. Videos and photos emerging online of the floods show fast-moving currents sweeping away cars and motorists stranded in water. Saudi Arabia’s Civil Defense said that 10 others were injured and over 280 people were rescued while dealing with […]
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In-Depth Tourism Report by Colliers Highlights Huge Saudi Potential
- February 8,2017
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- SUSTG Team
In a PDF available here entitled Destination Saudi – Leisure, Culture, and Tourism Potential, Colliers examines the potential for significant opportunities in the tourism sector for Saudi Arabia and whether Vision 2030, as an identifier of the potential for entertainment and cultural development, can be the vehicle for that growth. “There is a positive outlook for tourism […]
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Russia Takes Title of Top Oil Supplier to China for the First Time Ever in 2016; Unseats Saudi Arabia
- January 23,2017
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- SUSTG Team
Russia overtook Saudi Arabia as China’s top oil supplier last year for the first time ever amid the ongoing battle for market share in the world’s biggest energy market, Bloomberg reports. The recent takeover as top supplier to China comes as analysts parse comments made by Saudi Arabia’s Minister of Energy and Natural Resources Khalid al-Falih […]
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For Saudi Arabia’s 2017 Budget, Jadwa Investment Sees ‘Expansionary Fiscal Stance’
- December 27,2016
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- SUSTG Team
Saudi Arabia unveiled its 2017 budget last week with a budgeted SR890b ($237.2b) in spending, which is a SR50b ($13.3b) increase over the 2016 budget of SR840b ($223.8b). In a note sent to investors, Riyadh-based Jadwa Investment released a report outlining Saudi Arabia’s efforts to reduce its deficit despite the increase in spending. Based on revenues […]
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Saudi Arabia’s SIDF Gets New Investment Muscle to Enter New Industries
- December 16,2016
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- SUSTG Team
Saudi Arabia’s Energy Minister Khalid al-Falih said that Saudi Arabia plans to boost the capital of the Saudi Industrial Development Fund (SIDF) by SAR6bn ($1.6bn) to help finance the kingdom’s entry into new industries. The additional planned allocation would be on top of the SAR3bn ($800m) of capital recently injected in the fund, Falih said, […]
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Mohammed Al MadySaudi King appoints Sabic CEO to defence industries post
New Saudi King Salman appointed Sabic CEO Mohamed al-Mady as the president of the country’s military industries corporation, a royal decree published on the state news agency SPA said on Saturday.
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Muslims in America‘We’re all one’: Chapel Hill shooting victim’s heartbreaking StoryCorps interview
Tuesday’s shooting in Chapel Hill, which killed Mohammad, 21, her husband Deah Shaddy Barakat, 23, and her sister Razan, 19, changed all that. As soon as the victims’ names were reported, speculation swirled that the three had been slain because of their religion. Chapel Hill police said the shooting was motivated by a clash about parking, an explanation many disputed. The murders sparked a national debate about hate crimes and the treatment of Muslims in the United States.
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Saudi GovernanceInsight – Little noticed, new Saudi king shapes contours of power
The new royal court chief is not simply enjoying an extended apprenticeship to power, but is already a central figure. Many of the technocratic young ministers appointed by Salman this month worked for Prince Mohammed's own charity, another sign of his influence in government.
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U.S. - IsraelIsraelis wonder whether Netanyahu is risking too much in Obama tussle
A bit of nose-thumbing at Washington is a long Israeli tradition. But what began weeks ago as a seeming breach of protocol — House Speaker John A. Boehner inviting Netanyahu to address lawmakers without first clearing it with the White House, and the prime minister pressing ahead despite Obama's evident displeasure — has grown into what some veteran diplomatic observers are describing as a full-blown threat to the staunch support that Washington has long offered Israel in the international arena.
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King SalmanHow will the new King Salman change Saudi Arabia?
He is also the family disciplinarian. When Saudi princes and princesses got into trouble, Khaled Almaeena says, it was Prince Salman who would quietly sort things out.
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Saudi - UKPrince Charles to meet Saudi Arabia’s new king
Prince Charles has a reputation - some might say a notoriety - for speaking up on matters of concern. As he arrives in Saudi Arabia, he faces a more-than-usually delicate diplomatic challenge. Will he speak up when he meets the new Saudi king, Salman, and raise the case of a Saudi citizen whose treatment has outraged human rights groups and is a matter of "serious concern" to the British government?
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Saudi EconomySaudi Arabia’s new king faces challenging fiscal climate
“Issues such as labour, domestic oil consumption, diversification — these are not easy with $50ish [a barrel] oil,” said John Sfakianakis, regional director for Ashmore Group. “But it at least offers the opportunity to get reforming.”
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Raif BadawiPrince Charles to tell Saudi king to halt blogger’s flogging: report
Charles embarked on a six-day tour of the Middle East this weekend beginning in Jordan and is expected to also visit Saudi Arabia, Kuwait, Qatar and the United Arab Emirates. His office is not commenting on his exact agenda and the content of any meetings until they are underway.
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Muslim BrotherhoodQatar’s embattled Brotherhood exiles see hope in new Saudi king
The accession of King Salman in Saudi Arabia has caused glimmers of hope among Muslim Brotherhood exiles in Qatar that the Middle East's political winds have started to shift in their favour, potentially giving the Islamist group more space to act.
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US-SaudiNew Saudi king muscles up to help USA
All these moves suggest the Saudis have shifted gears and are moving ever closer to a United States that, in the wake of the rise of the terrorist organization Islamic State, has a whole new perspective on the central importance of Saudi Arabia and its rulers.
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