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Recent stories from sustg
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5 More Years for Booming King Abdullah Scholarship
- February 11,2013
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- Lucien Zeigler
Al Arabiya reports that the King Abdullah Scholarship Program, which has sent thousands of Saudi students to the United States and elsewhere, has been renewed for another five years in an important step that will strengthen US-Saudi cultural and economic ties. According to Al Arabiya, Minister of Higher Education Khalid Al Angari said the move was “clear […]
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Drone Revelation Underscores Defense/Security Bonds
- February 8,2013
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- SUSTG Team
The recent news reports that American remotely operated aircraft are operating against Al Qaeda targets in Yemen should come as no surprise to those who have followed the close collaboration between the United States and Saudi Arabia over the course of the historic relationship. The revelations may be uncomfortable to those who seek to keep […]
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Samsung and Galaxy chocolate top brands in Kingdom in 2012
- February 6,2013
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- SUSTG Team
Samsung ranked first in the 2012 BrandIndex Buzz Rankings for Saudi Arabia, scoring 54.9 points, YouGov market research agency said Tuesday. Galaxy Chocolate, produced by Mars Inc and Al-Qur’an Al-Kareem, a channel owned by the Saudi government, ranked second and third, scoring 53.7 and 47.4 points respectively. Sony, which ranked sixth, dropping from second place in […]
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Saudi Arabia Strong Market for U.S. Companies, Ex-Im Head Says
- February 5,2013
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- SUSTG Team
Saudi Arabia, the Arab world’s biggest economy, represents an “exceedingly” strong market for U.S. companies, Export-Import Bank Chairman Fred Hochberg said. “Part of that has been driven by in this part of the world a diversification of economies,” Hochberg said in an interview yesterday in Riyadh. “We see a lot of opportunity here. U.S. companies […]
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Saudi Chartbook – February 2013
- February 5,2013
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- SUSTG Team
Jadwa Investment’s recently released Saudi Chartbook for the month of February 2013 assesses a number of key aspects of the Saudi economy including the real economy, bank lending, banking indicators, inflation, trade, oil, exchange rates, the TASI (Saudi Stock Market), sectoral performance, and more. [The full report from Jadwa Investment can be read here.]
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MENA solar to exceed 3GW annually by 2015: Saudi leads
- February 1,2013
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- SUSTG Team
GTM Research’s report states that Saudi Arabia and Turkey will have the highest demand, with Saudi Arabia looking to be the region’s first gigawatt-scale market by 2015. Nearly 70% of the demand is expected to come from Saudi Arabia and its K.A. CARE program and secondly, Turkey.
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Islam and science: The road to renewal
- January 30,2013
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- SUSTG Team
The tide of money is bearing a fleet of results. In the 2000 to 2009 period Turkey’s output of scientific papers rose from barely 5,000 to 22,000; with less cash, Iran’s went up 1,300, to nearly 15,000. Quantity does not imply quality, but the papers are getting better, too. Scientific journals, and not just the […]
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Saudi Arabia’s Six New Economic Cities
- January 30,2013
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- SUSTG Team
Except for King Abdullah Economic City, each of the cities has its own area specialization being developed around at least one globally competitive cluster or industry. They are also being developed according to environmental guidelines using state-of-the-art greenfield solutions. The aim is to create opportunities for the private sector by way of jobs and attractive […]
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Must-see interactive 360° view from top of Burj Dubai
- January 29,2013
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- Lucien Zeigler
On the heels of last month’s viral photograph of the World’s Tallest Mountain, Mount Everest, which was captured in astounding interactive detail so much so that you can zoom in and out and see the entire mountain, it looks like a similar project was done on top of Dubai’s impressive Burj Khalifa tower, currently the […]
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Saudi investment in education tripled in just a decade
- January 28,2013
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- SUSTG Team
In Saudi Arabia, the government appropriated SR204 billion ($54.4 billion) for education in its budget for 2013, from SR168 billion ($44.80 billion) in 2012, and SR150 billion ($40 billion) in 2011. Investment in human capital has become a top priority for the Saudi government, as spending on education has more than tripled since 2000. The […]
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MUST-READS
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Global EconomyWorld Bank Cuts 2015 Forecast for Global Economy
The World Bank, citing stagnation in Europe and Japan and a slowdown in China, downgraded its forecast for the global economy this year. It also reported that world economic growth came in below expectations in 2014.
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AIDBSaudi Arabia, Tajikistan to join Beijing-backed development bank
Saudi Arabia and Tajikistan will join 24 other nations as founding members of the Asian Infrastructure Investment Bank, China's Ministry of Finance said on Tuesday.
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Al-Qaeda in LebanonSyrian group Al Nusra Front claims responsibility for Lebanon bombing
The Syrian Al Qaeda-linked rebel group Al Nusra Front claimed responsibility for a suicide bombing at a cafe in the northern Lebanese city of Tripoli on Saturday that left nine dead and more than three dozen injured, according to the National News Agency, the latest violence to spill over from the four-year Syrian civil war.
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Bank EarningsSaudi banks’ profits shake off fall in oil
Some of Saudi Arabia’s biggest banks kicked off earnings season in the kingdom yesterday with bumper fourth quarter profits. Saudi Hollandi, Bank Al Bilad and Riyad Bank yesterday reported strong growth in earnings for the three months ended December.
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AfghanistanTaliban ‘reject offer of Afghan government posts’
The Taliban have been offered posts in the new Afghan government but have turned them down, the BBC understands. The offer came from new President Ashraf Ghani in a bid to end the insurgency that threatens the recovery of the country.
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Banque Saudi FransiBanque Saudi Fransi says recommends cash dividend for H2 2014
Banque Saudi Fransi, Saudi Arabia's fifth-largest bank by assets, said in a bourse filing on Wednesday its board had recommended a cash dividend of 0.5 riyals per share ($0.13) for the second half of 2014.
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Kurds and DaeshIslamic State: Kurds ‘seize key Kobane district’
Kurdish fighters battling Islamic State (IS) in Kobane, northern Syria, have seized a key district and now control 80% of the town, activists say. Kurds backed by Iraqi Peshmerga forces captured the security district including the police HQ, the Syrian Observatory for Human Rights said. IS advanced on the town in September and quickly overran much of it.
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SaudiaSaudia denies plan to ban gender-mixing
Saudi Arabia’s national airline Saudia has denied reports that it is planning to ban gender mixing in line with rules enforced by the conservative Gulf kingdom.
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AfghanistanKabul was eerie and dangerous under the Taliban. It feels that way again.Kabul was eerie and dangerous under the Taliban. It feels that way again.
Many winters ago, I stood in a vast, empty intersection of central Kabul. The only sounds were the jingle of passing horse carts and the ticking spokes of old bicycles. There were no other Westerners on the streets, and all eyes were upon me. Despite being wrapped in many layers of modest clothing, I felt naked.
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AfghanistanTaliban: U.S. Leaving Afghanistan in ‘Defeat’
In the lengthy statement, Mujahid said the war had exacted a heavy toll from the United States and its allies while leaving them precious little to show for their human and financial losses.
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