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High-Level Biden Administration Officials Plan Regional Trip to Gulf Allies in Diplomatic Push
- April 29,2021
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- SUSTG Team
The Biden administration is sending a team of senior officials to visit top regional allies in the Gulf including visits to Saudi Arabia, the UAE, Egypt, and Jordan, according to reports from several news outlets.
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In Latest Saudi Labor Figures, Women Lead Overall Drop in Unemployment
- April 21,2021
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- SUSTG Team
A recently-released report on the Saudi labor market, using figures from Q4 2020, showed a sizable drop in unemployment among Saudis from the previous quarter, according to Jadwa Investment, citing official government data. The General Authority for Statistics’ (GaStat) latest labor market release shows that unemployment in Saudi Arabia declined 2.3%, to 12.6% in Q4 2020, down […]
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Reports Say Saudis, Iran Held Direct Talks Facilitated by Iraqis
- April 19,2021
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- SUSTG Team
The London-based Financial Times reports that Saudi Arabia and Iran have held direct talks in Iraq on easing tensions, with the process being facilitated by Iraqi prime minister Mustafa al-Kadhimi, who held talks with Prince Mohammed in Riyadh last month.
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Oil Rises Above $67 in Fifth Day of Gains as Demand Outlook Looks Strong
- April 16,2021
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- SUSTG Team
Oil rose above $67 a barrel on Friday, gaining for a fifth session, “as a stronger demand outlook and signs of economic recovery in China and the United States offset rising COVID-19 infections in some other major economies,” Reuters reports.
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New Regulatory Framework Aims to Encourage Foreign Ownership of Real Estate in Saudi Arabia – Report
- April 15,2021
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- SUSTG Team
A new report in the London-based Asharq Alawsat revealed an under-consideration initiative within a larger national strategy new regulations enabling non-Saudis’ ownership of real estate in the Kingdom, a move that hopes to attract foreign capital and increase investments in the sector.
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Jadwa Investment Launches $266m Fund to Invest in Riyadh’s Real Estate Market
- April 6,2021
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- SUSTG Team
Saudi Arabia’s Jadwa Investment has reportedly launched a $266m fund to invest in Riyadh’s real estate market, hoping to develop more than 1,500 residential units through several apartment complexes, targeting mid- to high-income households, the UAE-based The National reports.
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Unemployment for Saudi Nationals Nears Pre-Pandemic Levels in Q4 2020
- March 31,2021
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- SUSTG Team
Unemployment among Saudi nationals fell to 12.6% in the fourth quarter, “moving closer to pre-pandemic levels as coronavirus cases in the kingdom declined and business picked up,” Bloomberg reports, citing data from the General Authority for Statistics. The figure represents a drop of 2.3% from 14.9% in the Q3 2020.
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US-based Railcar Company Greenbrier the Latest to Move Regional HQ to Riyadh
- March 25,2021
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- SUSTG Team
US-based railcar company Greenbrier is one of the latest American companies to be moving or building their regional Headquarters in Riyadh, the company said, as it looks to profit off the opportunities presented by the Kingdom’s Vision 2030 economic and social reform plans. The NYSE-listed Greenbrier is one of 24 companies that have recently agreed […]
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New Whitepaper Examines the State of Recycling, Waste Management in Saudi Arabia, UAE
- March 22,2021
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- SUSTG Team
A new whitepaper released online from the UK-based publication The Economist Intelligence Unit examines the state of waste management and recycling in Saudi Arabia and the UAE. The whitepaper, entitled Towards zero: Rethinking recycling in Saudi Arabia and the UAE, examines the state of waste management in Saudi Arabia and the UAE and identifies priorities for accelerating […]
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Yemen’s Iran-Backed Houthis Launch Another Drone Attack on Saudi Aramco Facilities in Riyadh
- March 19,2021
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- SUSTG Team
Yemen’s Iran-aligned Houthi group on Friday said it conducted yet another attack on a Saudi Aramco facility in Riyadh, in an attack comprising six armed drones, Reuters and the Saudi Press Agency report.
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MUST-READS
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Free ZonesSaudi aviation regulator in talks with government to set up airport free-zones
The authority, which oversees all the country’s 27 airports, announced plans in November to privatise Saudi Arabia’s international and domestic airports by 2020 as the kingdom seeks foreign investment to support state finances.
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AnonymousAnonymous took down several government websites of Saudi Arabia
The #OpNimr campaign was launched in September 2015 to protest continuous violations of human rights. Anonymous targeted Saudi websites is in response to the death sentence handed down to 17-year-old Mohammed al-Nimr.
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Satellite ImageryDigitalGlobe and Saudi government sign joint venture on satellite imaging constellation
Westminster, Colorado-based DigitalGlobe operates a fleet of large high-resolution satellites whose imagery is sold worldwide. The company’s principal customer is the U.S. government, through a large contract renewal yearly, with the U.S. National Geospatial-Intelligence Agency.
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Council of Saudi ChambersSaudi business leader seeks King Salman’s help on government payments to construction firms
Some construction firms have seen scheduled payments from the government delayed by over six months, Abdulrahman Al Zamil, president of the Council of Saudi Chambers business association, wrote in a letter to King Salman.
“If the delay in payments continues, these companies will be at risk of default, or go completely out of business,” said the letter.
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HealthcareSaudi government healthcare projects hit by budget cuts
The private sector will continue to push ahead with investments in Saudi Arabian health care, but government projects could face setbacks because of cuts to the sector’s budget this year, say analysts.
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War in YemenChina offers support for Yemen government as Xi visits Saudi Arabia
China has signaled its support for Yemen's government, which is fighting an Iran-allied militia, on the first day of a visit to Saudi Arabia by Chinese President Xi Jinping, who will also be heading to Tehran later in the week.
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Saudi-UKBritish government admits selling internet addresses to Saudi Arabia and says it can’t stop ISIS extremists using them
The British government has admitted selling large numbers of internet addresses to Saudi Arabia, but refused to reveal how much it has has earned from the transaction.
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Price of WaterHurt by cheap oil, Saudi government will make water more expensive
The rate for industrial, government or large corporate users will rise to 9 riyals ($2.40) per cubic meter from 4 riyals now, starting on December 16, the local newspaper al-Watan reported in an article posted on the website of the Ministry of Water and Electricity.
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HousingSaudi developer Dar sees new era of government cooperation
Supply of housing lags demand because of rapid population growth and slow progress in government building programs due to red tape and difficulties obtaining land.
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Cyber ActivismAnonymous hacktivist explains why group is targeting Saudi Arabian government
Almost as soon as Ali Mohammed al-Nimr's impending death sentence broke, Anonymous, a group of online hackers, vowed to take on the Saudi Arabian government.
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