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Builder of “Largest Swimming Pool on the Planet” to Construct Lagoon, Golf Course in Saudi Arabia
- September 5,2014
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- SUSTG Team
Builders have already broken ground on a new $4 billion, 8-hectare project megaproject in Saudi Arabia, consisting of a large lagoon, the first Jack Nicklaus golf course in the Kingdom, and more as part of a larger development. The project, the Prince Sultan Cultural Centre (PSCC), is one of 8 mega projects the company has under development […]
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Desert Classic: Toyota’s Iconic Land Cruiser ’70’ to be Re-Released
- September 3,2014
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- Lucien Zeigler
Toyota’s original iconic Land Cruiser 70, popular among Saudis and others in the region, is receiving a makeover. Toyota is re-releasing its classic desert car as part of a special edition to “commemorate Toyota’s longest-running nameplate,” the company said in a press release. The Land Cruiser 70 was first released in 1984, and the re-release […]
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FocusKSA: Rami Khouri on Critical National Security and Foreign Policy Issues for Saudi Arabia
- September 2,2014
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- SUSTG Team
Pat Ryan of SUSRIS talked with commentator Rami Khouri from the American University in Beirut about the crises sweeping the Middle East in this #FocusKSA discussion.
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Saudi Arabia Continues Extremist Crackdown: 88 Arrested ‘On the Verge of Carrying Out Operations’
- September 2,2014
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- SUSTG Team
The government of Saudi Arabia has arrested 88 it says were “on the verge of carrying out operations,” news agencies are reporting. The move is the latest in an ongoing crackdown on extremism. The arrests follow remarks made by King Abdullah over the weekend to foreign Ambassadors to Saudi Arabia in which the Custodian of […]
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A Tadawul Opening Road Map
- August 28,2014
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- Richard Wilson
Jadwa Investments is a well respected Shariah-compliant investment bank based in Saudi Arabia. Jadwa’s market studies and regular updates can be counted on to be highly informed and concise analyses of the topic at hand. Their monthly ‘Chartbooks,’ quarterly GDP updates, annual budget report and specific sector analysis are regular features on the Saudi-US Trade […]
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FocusKSA Video: Former U.S. Ambassador to Saudi Arabia James Smith on the King Abdullah Scholarship Program
- August 27,2014
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- SUSTG Team
The number of students participating in Saudi Arabia’s King Abdullah Scholarship Program has skyrocketed over the past decade from around 2,000 students in 2002 to over 80,000 today, comments former U.S. Ambassador to Saudi Arabia James B. Smith. In a recent FocusKSA (a joint Saudi-US Trade Group/SUSRIS.com initiative) interview with Pat Ryan, SUSRIS Editor-in-Chief, former U.S. […]
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‘A New Page’ for Diplomacy between Saudi Arabia and Iran?
- August 26,2014
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- SUSTG Team
In what may be another step in a growing thaw in Saudi-Iranian relations, Iran’s Deputy Foreign Minister Hossein Amir Abdollahian visited Jeddah, Saudi Arabia on Tuesday and met with Saudi Arabia’s Foreign Minister, Prince Saud al Faisal. In remarks to Reuters following the meeting, Abdollahian said that both countries agreed that “a new page” was […]
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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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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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‘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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MUST-READS
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Saudi King Salman to undergo medical tests for lung inflammation
Saudi King Salman will undergo medical tests on Sunday evening for lung inflammation, the state news agency said, citing a statement from the royal court.The brief statement did not reveal more details. The 88-year-old king of the world's biggest oil exporter, a major U.S. ally in the Middle East, also received medical care for lung inflammation in May.
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Iran-Israel escalation elicits divided reactions in region
Iran’s Oct.1 missile attack on Israel has elicited mixed reactions in the region. Amid jubilation among partners of the Islamic Republic, Gulf Arab states are urging de-escalation while stepping up engagement with Tehran. As Israel vows harsh retaliation and Iran threatens further strikes, some regional observers argue that the Islamic Republic had few options but to avenge Israel’s killing of Hezbollah leader Hassan Nasrallah. If Iran did not attack Israel, the argument goes, it would be on a path to see its influence among regional allies diminish.
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Are Households Quitting Electric Vehicle Ownership?
In this paper, we investigate the proportion of U.S. plug-in electric vehicle (PEV) owners who discontinued PEV ownership by disposing of their PEV and buying a non-PEV as their next vehicle, which is termed PEV “discontinuance.”
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Assessing the Potential and Feasibility of Carbon Dioxide Removal (CDR) Technologies in Saudi Arabia
As the Kingdom of Saudi Arabia strives to achieve its climate goals and transition its economy away from fossil fuel dependency, understanding the viability and impact of carbon dioxide removal (CDR) options becomes paramount. This paper reviews state-of-the-art CDR options and explores the potential applicability of such options within Saudi Arabia. Various CDR solutions, both conventional and novel, are investigated by using a multicriteria decision analysis (MCDA) methodology to compare CDR options relevant to Saudi Arabia. The MCDA methodology defines a set of performance, economic and environmental criteria.
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Gaza in rubble and ruin
Israel’s military campaign since Hamas’s Oct. 7 attack has devastated the Gaza Strip, leaving an estimated 42 million tonnes of debris piled where houses, mosques, schools and shops used to stand. In April a U.N. estimate reckoned that this would take 14 years to dispose of, while the U.N. official overseeing the problem said the clean-up would cost at least $1.2 billion.
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BP abandons goal to cut oil output, resets strategy
BP (BP.L), opens new tab has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, three sources with knowledge of the matter said. When unveiled in 2020, BP's strategy was the sector's most ambitious with a pledge to cut output by 40% while rapidly growing renewables by 2030. BP scaled back the target in February last year to a 25% reduction, which would leave it producing 2 million barrels per day at the end of the decade, as investors focused on near-term returns rather than the energy transition.
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NBA dismisses rumours of Saudi expansion plans
NBA deputy commissioner Mark Tatum acknowledged that while NBA games are broadcast across Saudi Arabia as part of the league’s media rights deal, there are no concrete arrangements to take pre-season or regular season games to the Kingdom at this stage -
Saudi ministry issues 135,000 commercial records in 3Q 2024
The rate of commercial registration issued during the third quarter of 2024 recorded an increase of 62 percent compared to the same quarter of 2023. A total of 135,000 commercial records were issued during the past three months, bringing the total number of commercial records to more than 1.5 million in all regions of the Kingdom.
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Nintendo Jumps After Saudi Fund Says Open to Bigger Stake
The stock climbed its most in more than a week, outpacing the market, after Kyodo News reported the Arab Gulf country’s Public Investment Fund was weighing deploying more capital to Nintendo and its sector peers. Prince Faisal bin Bandar, vice chairman of PIF subsidiary Savvy Games Group, said he would favor doing such a move with the support of the companies themselves.
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Israelis, scarred and battling on multiple fronts, mark a year since Hamas’ Oct. 7 attack
The war in Gaza rages on and Israel is fighting a new war against Hezbollah. There is also an escalating conflict with Iran — which backs both Hamas and Hezbollah — that threatens to drag the region into an even more dangerous conflagration. No formal commemorative event is planned in Gaza, where fighting is still underway, huge areas have been completely destroyed and most of the population have been driven from their homes.
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