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$6.9 billion in Tourist Projects Approved under Saudi NTP
- August 2,2016
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- SUSTG Team
Saudi Arabia approved more than SR26 billion ($6.9 billion) of tourism projects under the Kingdom’s National Transformation Program (NTP) on Sunday, according to reports. The funding will go to existing development projects in the pipeline as well as new efforts to preserve Saudi Arabia’s heritage sites, of which many are seen as underdeveloped and inadequately protected. Previously, […]
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Fahad Nazer: ‘What I learned from attending a round table with the Foreign Minister of Saudi Arabia’
- July 29,2016
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- SUSTG Team
Last month, Foreign Minister Adel Al-Jubeir hosted a private round table discussion at the Embassy of Saudi Arabia in Washington with a very small group of Washington-based political analysts and Middle East scholars. Fahad Nazer, Senior Political Analyst at JTG Inc., shared his reaction from the meeting on JTG’s blog. “In this small, less formal setting, […]
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SABIC, Exxon Affiliate Studying JV Petrochemicals Complex on U.S. Gulf Coast
- July 26,2016
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- SUSTG Team
Saudi Arabia’s SABIC said Monday it is studying launching a jointly-owned petrochemicals complex with an affiliate of U.S. Exxon Mobil. fIf developed, the project would be “located in Texas or Louisiana near natural gas feedstock and include a world-scale steam cracker and derivative units,” the company said. Before making final investment decisions, the companies will “conduct necessary […]
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U.S. Warns Of ‘Potential, Imminent Threat’ Against Americans In Jeddah
- July 22,2016
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- SUSTG Team
The U.S. Embassy in Saudi Arabia posted a notice to its website yesterday warning of “potential, imminent threat against U.S. citizens in areas of Jeddah frequented by Westerners, such as markets, restaurants, and shopping malls, among others.” State Department spokesman John Kirby told reporters in Washington that the notice is “a security message, not a […]
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Pokemon GO Banned in Saudi Arabia; 3 Arrested at Jeddah Airport – Report
- July 20,2016
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- Lucien Zeigler
Pokemon GO, the viral video game phenomenon that has taken the U.S. and other markets around the world by storm, has been banned in Saudi Arabia, according to a report in the Evening Standard which cited the Arabic-language newspaper Almowaten. Pokemon GO is a game available on smartphones that allows users to catch different characters […]
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Construction Begins on ‘World’s Largest’ Gas Complex in Jazan, Saudi Arabia
- July 13,2016
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- SUSTG Team
Construction has begun on a $2.1 billion industrial gas complex in Jazan, Saudi Arabia, which is slated to become the largest such facility in the world. The industrial gas complex will serve Saudi Aramco’s Jazan refinery and terminal when complete, and will require 600MW to operate, according to a report in Gulf Business. The contract for the […]
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WTO launches new World Trade Outlook Indicator
- July 8,2016
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- SUSTG Team
The World Trade Organization (WTO) has launched a new World Trade Outlook Indicator (WTOI) designed to provide “real time” information on trends in global trade, the organization said on its website. The WTOI was unveiled in Shanghai, China on July 8th ahead of a meeting of G20 trade ministers. “Combining a variety of trade-related indices, the […]
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Ramadan Must-Watch TV: ‘Selfie 2’
- July 5,2016
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- SUSTG Team
Ramadan in Saudi Arabia is more than a month of fasting and personal reflection. It is a communal up-ending of one’s normal schedule with work, school and every facet of daily life rearranged in order to fulfill one of the five main pillars of Islam while also coming through this trial healthy and whole. Saudi […]
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Deputy Crown Prince Mohammed bin Salman Meets U.S. and Saudi Business Leaders in New York
- June 24,2016
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- SUSTG Team
Deputy Crown Prince Mohammed bin Salman met with business leaders and others in New York yesterday as his 13-day, packed-schedule visit across the United States comes to a close. Prince Mohammed was photographed meeting with top U.S. business leaders and “pioneers of innovation” in New York for a panel discussion, according to the twitter account […]
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King Salman, Deputy Crown Prince Mohammed Announce Inclusion of More Than 2,600 U.S. Students Into Scholarship Program on Arrival in Washington
- June 15,2016
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- Lucien Zeigler
Deputy Crown Prince Mohammed bin Salman used the occasion of his arrival to the United States this week to include an additional 2,600 Saudi students into the Custodian of the Two Holy Mosques Scholarship program, the visionary educational initiative created by the late King Abdullah that enables young Saudis to receive education and experiences abroad. […]
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Saudi SuccessionSaudi Arabia’s new King Salman moves quickly to settle succession
Saudi Arabia’s new king moved swiftly on Friday to name the country’s interior minister as deputy crown prince, making him the second-in-line to the throne, as he promised to continue the policies of his predecessors in a nationally televised speech.
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King Abdullah 1924-2015King Abdullah Dies, Disrupting Saudi Arabia at a Sensitive Time
The king’s death comes at a delicate time for the oil-rich kingdom, which is struggling with the impact of plunging oil prices domestically, the rise of the Islamic State, and an Iran’s whose influence is growing across the Mideast as its proxies take on increasingly powerful roles in Iraq, Lebanon, and Syria. Abdullah’s successor will also face an intensifying crisis in Yemen, whose Saudi-backed government has been effectively overthrown by Iranian-backed Houthi rebels. A Saudi official said in a recent interview that Riyadh sees the future of Yemen as “an existential threat.”
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King Abdullah 1924-2015Video: Thousands to say farewell to Saudi Arabia’s King Abdullah
Thousands are gathering in Riyadh on Friday to say farewell to Saudi Arabia's King Abdullah bin Abdulaziz al Saud, a cautious reformer who succeeded in securing broader freedoms in the conservative kingdom but fell short in gaining greater independence for women.
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King Salman bin AbdulazizWho is the new Saudi king, Salman bin Abdulaziz Al Saud?
He is also respected for his 48-year record as governor of the capital, Riyadah, during which time the city’s population ballooned from 200,000 to 7 million. Commenting on his record as governor, Bruce Riedel, senior fellow and director of the Brookings Intelligence Project, said: “Salman presided over this remarkable transformation with a record for good governance and a lack of corruption.” As governor, he also quietly dealt with the discipline of younger royals when they erred.
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King Abdullah 1924-2015Saudi King Abdullah dies, new ruler is Salman
"I think he will continue with Abdullah's reforms. He realises the importance of this. He's not conservative in person, but he values the opinion of the conservative constituency of the country," said Jamal Khashoggi, head of a news channel owned by a Saudi prince.
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King Abdullah 1924-2015Oil jumps as Saudi king’s death feeds market uncertainty
Oil prices rose on Friday after the death of Saudi Arabia's King Abdullah added more uncertainty to an oil market that has more than halved over the last six months. King Abdullah bin Abdulaziz died early on Friday and his brother Salman became king of the world's top oil exporter.
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King Abdullah 1924-2015Saudi King Abdullah’s legacy and the GCC
The passing of Saudi King Abdullah brings into perspective his efforts to unify the GCC primarily in the defense realm. This foresight by King Abdullah should be remembered as a major contribution to the safety and security of the GCC states.
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Bank EarningsSaudi banking giant posts sixth straight drop in quarterly profit
Saudi lenders are facing strong headwinds as net interest income comes under pressure from weakening loan growth and fierce competition, especially in the retail market. Analysts also warn that a prolonged slump in oil prices could dent confidence in the banking sector.
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PressIran summons newspaper over Saudi king death headline
Vatan-e-Emrooz, a conservative daily, has been summoned over a front page story on January 6 headlined with a Persian expression often interpreted as "may I hear the news of his death".
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WTI v. BrentOil Spread Shows Saudi Shale Strategy Working: Chart of the Day
The gap is narrowing in part because Saudi Arabia is leading the Organization of Petroleum Exporting Countries in maintaining crude production amid a global surplus. The strategy is to curb output growth from shale formations and higher cost producers. A narrower gap helps make international crudes more attractive to U.S. refiners while a wider one does the opposite.
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