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How Chairman and Owner of the Atlantic David Bradley Played a Key Role in Journalist’s Release
- August 26,2014
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- Lucien Zeigler
Adam Goldman and Karen DeYoung detail in the Washington Post the role of David Bradley, Chairman and Owner of the Atlantic Media Group, and how the executive worked with an unnamed FBI Agent and Ghanim Khalifa al-Kubaisi, the chief of Qatar’s intelligence service, to free Peter Theo Curtis from captivity in Syria. The article draws […]
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Sfakianakis: Now is the Time for Energy Subsidy Reform in Saudi Arabia
- August 26,2014
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- John Sfakianakis
Annual energy subsidies in Saudi Arabia amount to $120 billion; roughly a quarter of all global energy subsidies combined. As with subsidies worldwide, those in Saudi Arabia are in place primarily for political and social reasons. Unfortunately, energy subsidies result in numerous and profound economic distortions that ultimately do not benefit the poor in particular […]
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The Good Stuff
- August 24,2014
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- Richard Wilson
So, Walid, this Saudi student at the University of Southern California was in Pennsylvania talking with some Amish farmers about their camels… A lot has been made of the King Abdullah Scholarship Program (KASP) established in 2005 to encourage Saudi students to study abroad. It is a truly ambitious enterprise that has propelled 150,000+ Saudi […]
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Saudi Arabia’s Timely Push for Solar to Reduce Oil Consumption
- August 18,2014
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- Lucien Zeigler
It’s no secret that Saudi Arabia’s energy consumption is soaring, and that to meet increasing demand, the Kingdom is siphoning off more and more of its crude to power the booming Saudi economy. Although Saudi Arabia has plenty of oil, what is consumed to meet domestic power demand cannot be sold on the market. Writing […]
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Sfakianakis: ‘The great giant of the emerging markets has finally awakened’
- August 15,2014
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- Lucien Zeigler
Saudi Arabia’s stability in contrast to many of its neighbors in the Middle East region is a cause for optimism for the Kingdom’s economy and future, writes John Sfakianakis in the Financial Times’ Beyond Brics blog. Noting that those who argue that the Kingdom is the next destination for turmoil have “been thinking that for […]
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‘Clash of Investment Cultures’ Awaits Foreigners in Saudi Stock Market
- August 15,2014
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- SUSTG Team
Marwa Rashad and Andrew Torchia report on the impact on the Saudi stock market in the wake of the announcement that the Tadawul will open to foreign investors, and interview stock trader Mohamed al-Otaibi on his current “shorter-term approach” to investing in the market:
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Why Saudi Arabia is ‘The Next Big Thing’ for Global Investors
- August 7,2014
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- SUSTG Team
Leone Lakhani and Alanna Petroff write in CNN Money that Saudi Arabia is the “next big emerging market” following the announcement of the TASI opening to foreign investors. That report cited Saleem Khokhar, head of equities at the National Bank of Abu Dhabi’s asset management group, as saying that the market is “deeply liquid…with lots […]
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Saudi Tadawul Surges in Wake of Opening Announcement
- August 7,2014
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- Lucien Zeigler
The recent announcement that the Saudi Stock Market will open to foreign investors is causing a surge in the market for investors, according to a report in Bloomberg:
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Saudi Women’s Share in the Kingdom’s Commercial Activity Records a Sharp Increase
- August 5,2014
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- SUSTG Team
According to a recent report in the Saudi Gazette, the Kingdom’s women are increasing their share in Saudi Arabia’s private sector commercial activity, the Ministry of Commerce and Industry said in an annual report: The latest in an uptick in female involvement in the workplace, the news follows another report in the Saudi Arabic-daily OKAZ […]
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Stanford, KACST Team Up for Six Year Collaborative Partnership on Aerospace Research
- August 5,2014
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- admin
Stanford University and Saudi Arabia’s KACST have launched a new six-year collaborative research partnership to establish a center to develop new liquid rocket fuels for satellite applications, according to the Northern California-based university.
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MUST-READS
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China added more solar power last year than America has, period
Citing data from Bloomberg and the Chinese Department of Energy, Semafor says that China built out infrastructure capable of generating nearly 217 gigawatts of power last year, to make for a total capacity of more than 609 gigawatts. America’s solar capacity pales in comparison at a mere 175 gigawatts. (For perspective, a gigawatt is enough energy to power about 100 million LED light bulbs.)
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Saudi Arabia leads GCC IPO momentum in Q2 2024
PwC Middle East’s latest IPO+ Watch highlights a total of 13 IPOs raised $2.6 bn in the region in Q2 2024, compared to the same number of IPOs in the corresponding period in 2023 that raised $1.8bn. Notable listings this quarter include Dr. Soliman Abdel Kader Fakeeh Hospital Company, which raised $763m on Tadawul, as well as Alef Education and Spinneys, two of the largest listings in the UAE.
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UAE seeks solo trade agreements as intra-Gulf rivalry heats up
The United Arab Emirates (UAE), the Arab world’s second-largest economy, is increasingly pursuing independent bilateral trade agreements, bypassing the Gulf Cooperation Council (GCC), the Saudi Arabia-led regional political and trade bloc.
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New report demonstrates huge potential for digital label growth in Saudi Arabia
As the MENA region’s graphic arts and packaging industries gear up for the first Gulf Print & Pack exhibition in Saudi Arabia next year, a new report demonstrates the astonishing growth potential of the Saudi digital printing market. The report, compiled by consultancy Astute Analytica, predicts that the Saudi digital print sector will generate revenues of US$ 766.58 million by 2032, up from US$ 351.33 million in 2023 - a CAGR of 9.24 percent during the forecast period 2024-2032.
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Opinion poll: 66% see reckless driving by bike delivery boys
At a time when delivery app bikes are spreading randomly on the roads, the Saudi Center for Opinion Polling (SCOP) revealed in its latest survey that 66 percent of the those participated in the survey witnessed reckless driving behavior on the part of delivery representatives. It was also found in the survey that 59 percent of the participants were upset with the way delivery representatives drive their bikes, Al Arabiya.net reported.
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How this Saudi hospital redefined its global healthcare branding
Saudi Arabia is making significant strides in artificial intelligence and state-of-the-art healthcare technology, earning recognition on regional and global platforms. This presents a compelling opportunity for Saudi healthcare communicators to embrace branding to extend their innovation and influence across the global industry.
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China Energy Engineering signs $972 million solar deal with Saudi partners
China Energy Engineering (601868.SS), opens new tab signed a 6.98 billion yuan ($972 million) contract to build a solar power plant in Saudi Arabia, a Monday filing with the Shanghai Stock Exchange, marking the latest in a string of China-Saudi renewable energy deals. The 2 gigawatt (GW) photovoltaic plant will be built by a joint venture between a China Energy Engineering consortium and Saudi partners sovereign fund PIF, ACWA Power (2082.SE), opens new tab, and Saudi Aramco Power Company.
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Saudi Arabia’s 2034 World Cup Bid: A Global Buzz!
Saudi Arabia’s bid to host the FIFA World Cup 2034 is sparking unprecedented excitement and national pride. Social media is buzzing with hashtags like #Saudi2034bid and #GrowingTogether as the world watches closely. Under the leadership of His Highness Mohammed bin Salman, this bid is more than a sporting event—it’s a leap towards Vision 2030 and a chance to showcase Saudi Arabia’s rich culture. With Cristiano Ronaldo’s endorsement fueling the buzz, the global anticipation is palpable.
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Saudi Arabia to continue bearing fees of expatriates working in industrial sector until end of 2025
The Cabinet decision comes in the wake of the expiry of the five-year waiving of expatriate fee for industrial workers. During 2019, the Saudi government, under a drive for job creation, had imposed fees on expatriate workers to encourage hiring of Saudis. However, the government waived fees on expatriate workers employed in the industrial sector for five years effective from Oct. 1, 2019. That decision was taken as part of the short-term urgent solutions to stimulate industrial investments in order to achieve the goals of the Kingdom’s Vision 2030.
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A trove of artifacts from Egypt’s last dynasty has been found in 63 tombs
A trove of artifacts from Egypt’s last dynasty has been discovered in 63 tombs in the Nile Delta area and experts are working to restore and classify the finds, an official with the country’s antiquities authority said Monday. The artifacts include gold pieces and jewelry dating to Egypt’s Late and Ptolemaic periods, and some items could be displayed at one of the country’s museums, said Neveine el-Arif, spokeswoman for the Ministry of Tourism and Antiquities.
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