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U.S. State Department OKs Sale of 600 Patriot Missiles, Ammunition and Arms to Saudi Arabia
- July 30,2015
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- SUSTG Team
The U.S. State Department today approved the sale of 600 patriot missiles to Saudi Arabia at a cost of $5.3 billion, according to reports. The additional additional PAC-3 missiles for Saudi Arabia will be built by Lockheed Martin Corp. “The Kingdom of Saudi Arabia has requested a possible sale of six hundred (600) Patriot Advanced Capability-3 […]
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Deputy Crown Prince Mohammed bin Salman Orders Aid to Yemen as Gains for Saudi-backed Forces Continue
- July 24,2015
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- SUSTG Team
Saudi-led coalition land forces operating in Yemen have seen gains in recent weeks following the initiation of Operation Golden Arrow to recapture the city of Aden on July 16, according to DefenseNews.com. Saudi Arabia’s Brig. Gen. Ahmed Al-Assiri told Al-Arabiya television in an interview on July 22 that “[Saudi] are supporting the legitimate corps in the […]
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Defense Secretary Ash Carter in Saudi Arabia to Meet with King Salman, Deputy Crown Prince Mohammed bin Salman
- July 22,2015
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- SUSTG Team
Secretary of Defense Ash Carter met today with King Salman and his defense minister, Deputy Crown Prince Mohammed bin Salman, in Jeddah on the Red Sea coast to reassure Saudi Arabia about U.S. commitment to their security. Secretary Carter is also slated to meet with GCC military officials, per remarks made by Saudi Foreign Minister Adel Al-Jubeir […]
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Saudi Arabia’s King Salman’s Outreach to Hamas Leader Seen as Widening Effort to Counter Iran through Arab Unity
- July 21,2015
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- SUSTG Team
King Salman’s historic meeting last Friday with Hamas leader Khaled Meshaal “was part of an effort by Riyadh to shore up Arab unity in the face of a perceived threat from Iran that it believes has become more urgent since last week’s nuclear deal,” writes Angus McDowall in Reuters. Meshaal, who was on pilgrimage to […]
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How Saudi Women are Finding a Way in the Workforce
- July 20,2015
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- SUSTG Team
Saudi women’s successes in the workforce represent “evidence of a slow but seismic shift” in Saudi society with entrepreneurs and career professionals finding ways toward career success in the Kingdom, according to a feature story by Alexandra Zarvis in the Los Angeles Times. “No matter how successful we are, no matter how much we achieve, the […]
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Official White House, Saudi Statements on Iran Deal
- July 15,2015
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- SUSTG Team
U.S. President Barack Obama spoke with Saudi Arabia’s King Salman by phone on Tuesday to discuss the results of the P5+1 negotiations over Iran’s nuclear program. President Obama also expressed his condolences over the recent passing of HRH Prince Saud al-Faisal. According to a readout by the White House, President Obama “shared details of the Joint Comprehensive […]
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Secretary of State John Kerry Issues Statement on Passing of HRH Prince Saud al-Faisal
- July 10,2015
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- SUSTG Team
U.S. Secretary of State John Kerry issued a statement today expressing condolences for HRH Prince Turki al-Faisal. “Teresa and I join with my colleagues, past and present, across the United States government in expressing our deep sadness at the passing of Prince Saud Al Faisal, who served as Foreign Minister of Saudi Arabia for more […]
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Improvement in Demand, Slowdown in Shale Output Push Oil Market Prices Up 13% in 2Q 2015: Jadwa Investment
- July 8,2015
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- SUSTG Team
Oil prices are rebounding steadily following a low point at the beginning of 2015, according to a recently released analysis of the oil market by Riyadh-based Jadwa Investment. Jadwa Chief Economist Dr. Fahad Alturki said that a general improvement in oil demand and slowdown in the rate of growth in US shale oil output combined […]
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Three Saudi Brothers Arrested in Connection with Mosque Bombing in Kuwait
- July 7,2015
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- SUSTG Team
Three Saudi brothers have been arrested in connection with a suicide bombing at a Shi’ite mosque in Kuwait last month, according to Saudi and Kuwaiti authorities and as reported by the Reuters news agency. “The three brothers were ‘parties to the crime of the sinful terrorist bombing that targeted the Imam al-Sadeq mosque in Kuwait,’ the SPA state news […]
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Oil sector pushes up overall growth for Saudi Arabia in 1Q 2015 – Jadwa Investment
- July 6,2015
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- SUSTG Team
According to a recently released report by Jadwa Investment, the Saudi economy saw 2.4% year-on-year growth in real terms in the first quarter of 2015. “The acceleration was mainly attributed to the oil sector, which grew following two consecutive quarterly declines,” Jadwa writes. “We assume that year-on-year economic growth will reach similar levels in the […]
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A former Colorado staffer’s rogue NIL trip to Saudi Arabia: Wild tale or sign of desperate times?
Reilly said he did not tell Sanders of his plans to visit the Middle East after the conclusion of the 2023 season, but said he informed members of Sanders’ personal staff of his intentions. He also had made it clear to tourism officials in the Middle East that he could never himself strike a deal, but his goal was to serve as an introductory middleman between Colorado’s collective and potential partners.
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Saudi Arabia aims to establish itself as a global film production hub
Producers, artists, specialists, and filmmakers from the kingdom and abroad are participating in the four-day Saudi Film Confex. The opening day showcased an impressive attendance of specialized filmmakers, featuring dialogue sessions that addressed critical topics such as the role of support and financing funds in the industry and the integration of the film sector with other developmental areas.
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Saudi Arabia offers Pakistan share of $200bn in annual construction contracts
As Saudi Arabia prepares to become the world’s largest construction market, the Kingdom is investing heavily to diversify its economy. According to a 2024 report by global property consultancy Knight Frank, the total construction output is projected to reach $181.5 billion by the end of 2028, marking a nearly 30 percent increase from 2023. “Saudi Arabia is the largest construction site in the world and we will in the next few years be awarding construction and material procurement contracts reaching about $1.8 trillion,” Al-Falih said at the Pak-Saudi Business Forum 2024.
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Saudi Company for Artificial Intelligence partners with Elm for Al in public sector
Established in 2021, SCAI is a PIF-owned company that was founded with the aim to positioning KSA as a global AI leader. The company builds AI applications, including in areas such as smart cities, healthcare, public transport, and sustainability. Together with Elm, one of Saudi Arabia’s leading IT consulting and technology companies, SCAI will develop AI use cases in the public sector, and develop prototypes and applications using Al technologies. Elm’s consulting business meanwhile will provide strategic advisory services to SCAI and to the Al offices of public sector institutions that are part of SCAI’s network.
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Saudi businessmen sign 27 memorandums of understanding with Pakistan valued at $2 billion
In a televised speech, Sharif hailed the memorandums and said he hoped they would soon be translated into agreements, adding that his government will do its best to facilitate Saudi investments in the country. Sharif also thanked Saudi Arabia for helping Pakistan reach an agreement to receive a $7 billion bailout from the International Monetary Fund.
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Saudi, UAE, Qatar Lobbying DC to Keep Gulf Oil Safe from Israel
Speaking to Reuters three unnamed Gulf sources said Saudi Arabia, UAE and Qatar are concerned that Israel will target Iranian oil facilities and that other Gulf assets could also come under fire by Iran or its proxies. All three Gulf countries are refusing to let Israel use their airspace, with Reuters reporting that Tehran warned Riyadh earlier this week that it could not guarantee the safety of the Kingdom's oil facilities in the event of an Israeli attack. "The Iranians have stated: 'If the Gulf states open up their airspace to Israel, that would be an act of war,” Reuters quoted a Saui analyst close to the royal court as saying.
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Saudi Arabia launches insurance policy to protect expatriate workers
Director general of international communications and cooperation, Abdulrahman Al-Zaid, told Arab News: “The Expatriate Worker Wage Insurance Service for Private Sector Defaults is part of the ministry’s ongoing efforts to protect both workers and employers, while enhancing the overall efficiency and appeal of the Saudi labor market. “The initiative is designed to create a more secure labor environment, making Saudi Arabia a leading hub for international talent.”
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Saudi Arabia, GCC embrace biological age testing in push for healthier aging
From stem cell research to modifying age-limiting conditions such as Alzheimer’s or Parkinson’s disease, to unlocking the regenerative capacity to reverse age-related changes in the body, targeting human aging with new therapies and medicines is a big business. And the latest trend is biological testing; figuring out how old your body actually is, versus the age on your passport. Or, in other words, your biological age versus your chronological age.
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Battling Japan down Saudi Arabia to stay perfect in World Cup qualifying
Japan handed Saudi Arabia a 2-0 defeat in Jeddah on Thursday as Hajime Moriyasu's side continued their march towards the World Cup with a third consecutive win in Asian qualifying that moves the Samurai Blue five points clear at the top of Group C. Daichi Kamada's close range finish put the Japanese in front in the 14th minute of a physical first half and substitute Koki Ogawa headed in Junya Ito's corner nine minutes from time to secure the points.
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Saudi Arabia’s flyadeal eyes widebodies; A321neo due in 1Q26
flyadeal (F3, Jeddah International) is planning to place a widebody order - its first - before the year ends, chief executive Steven Greenway said at the Routes World 2024 conference in Bahrain. The Saudia (SV, Jeddah International) low-cost subsidiary sees opportunity with widebodies, “and we’re going after it,” Greenway said, adding that they are evaluating both the A330 and B787 but have discarded the A350, as it would be “too big.”
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