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Saudi King, Crown Prince Attend Groundbreaking Ceremony for Qiddiya, Saudi Arabia’s Answer to Disneyworld
- April 30,2018
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- SUSTG Team
Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman attended the opening ceremony this week of the Kingdom’s massive forthcoming entertainment city, Qiddiya, on the outskirts of Riyadh this weekend. Qiddiya represents another major investment in expanding social outlets for Saudis backed by Saudi Arabia’s PIF. The entertainment city sits 40km from downtown Riyadh and […]
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Tadawul IPO Pushed to ‘2019 at the Earliest’ as Kingdom Eyes MSCI Inclusion Bump
- April 24,2018
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- SUSTG Team
Saudi Arabia is delaying the IPO of the Tadawul, the Kingdom’s stock exchange, “on hopes that a potential MSCI Inc. upgrade could boost its value,” according to Bloomberg which cited people with knowledge of the matter. The Tadawul has pushed back plans to sell shares “to 2019 at the earliest,” according to Bloomberg, because waiting until after MSCI’s […]
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Will Saudi Arabia Send Troops to Syria? Foreign Minister Adel Al-Jubeir Says Talks with U.S. Ongoing
- April 18,2018
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- SUSTG Team
Saudi Arabia’s Foreign Minister Adel Al-Jubeir said it is “in discussions with the United States about sending troops to Syria,” according to the Washington Post, as President Trump seeks a way out for the U.S. military there. In comments to reporters in Riyadh, Al-Jubeir said the deliberations on what type of force needs to remain in […]
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Saudi Crown Prince Wraps Up U.S. Tour in Houston with Big Gulf Investments Eyed
- April 9,2018
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- SUSTG Team
Crown Prince Mohammed bin Salman wrapped up his unprecedented whirlwind tour of the United States with a stop in Houston to talk investments in the Gulf region. The Crown Prince visited Motiva Enterprises LLC, a wholly-owned downstream oil and gas subsidiary of Saudi Aramco, to witness the signing of MoUs worth between $8 billion to $10 billion with US […]
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Shrugging Off Uncertainty, Investors Pour Money into Saudi Arabia with ‘Strong Underlying Fundamentals’
- March 15,2018
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- SUSTG Team
Saudi Arabia is “the hottest emerging market” right now as investors appear to be shrugging off concerns surrounding last year’s crackdown on corruption and with optimism surrounding Vision 2030’s economic and social reforms now coming into effect, CNN Money reports. “Equity funds investing in Saudi Arabia saw net inflows of $110 million between the start […]
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Trump to Host Saudi Crown Prince Mohammed bin Salman at White House on March 20
- March 13,2018
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- SUSTG Team
President Donald Trump will host visiting Saudi Crown Prince Mohammed bin Salman in Washington on March 20 at the White House, Press Secretary Sarah Huckabee Sanders said Monday, noting that the president “looks forward to strengthening ties between the United States and Saudi Arabia.” Prince Mohammed will arrive to a tumultuous time in Washington, especially in the foreign […]
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Saudi Arabia, United Kingdom Pledge Billions in Bilateral Trade and Investments
- March 8,2018
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- SUSTG Team
Saudi Arabia and the United Kingdom re-affirmed bi-lateral trade and investment ties on the second day of Crown Prince Mohammed bin Salman’s visit in London with billions in deals eyed in the coming years. Saudi Arabia’s crown prince and the U.K.’s prime minister launched an economic and investment partnership called the U.K.-Saudi Arabia Strategic Partnership […]
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Saudi Officials, Current and Former, Downplay Oil Demand Concerns
- March 7,2018
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- SUSTG Team
Saudi officials downplayed the risk of waning demand for oil as electric vehicles become more mainstream, according to comments made by Saudi Aramco’s CEO Amin Nasser and by former Minister of Petroleum Ali Al Naimi. According to comments at the CERAWeek by IHS Markit conference on Tuesday reported by Bloomberg, Nasser said he is “not […]
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Saudi Crown Prince Reassures Foreign Investors after Corruption Crackdown
- February 20,2018
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman is seeking to reassure the business community following the Kingdom’s crackdown on corruption, which netted over $100 billion for the Saudi government from alleged impropriety. The secretive nature of the arrests and concerns over political motivations have worried local and foreign business leaders. More than 300 people, among them royals, politicians and […]
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Development on Jeddah Tower and Surrounding Economic City Moves Forward After Alwaleed’s Release
- February 9,2018
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- SUSTG Team
Construction of what is planned to be the world’s tallest skyscraper in Jeddah is going ahead following the release of Saudi Arabia’s Prince Alwaleed bin Talal, the head of the consortium behind the $1.5 billion project said. Mounib Hammoud, chief executive of Jeddah Economic Co (JEC), said in an interview that the project will ideally be completed […]
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As U.S. Increases Pressure, Iran Adheres to Toned-Down Approach
Iran recalculated after the pandemic devastated the world economy, making any sort of attack on oil production ineffective. Iran also now believes that any strike beyond covert cyberattacks would benefit Mr. Trump, allowing him to rally his base and give the United States an opportunity for a military response, according to American, allied and Iranian officials.
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Progress, not peace: Breaking down the Trump-brokered deals between Israel, Arab states
As dignitaries gathered on the White House South Lawn on Tuesday to witness the singing of U.S.-brokered deals between Israel and two Gulf Arab states, the situation thousands of miles away on Israel's doorstep was less serene. Some 15 rockets were launched from Gaza into southern Israel, the Israel Defense Force said, prompting the country's air force to retaliate with a strike on targets in the Palestinian enclave.
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Amy Roko: The Saudi woman breaking down stereotypes in the GCC
I gained a very loyal following the moment I joined Instagram. It was unusual to be a niqabi on social media when I first started. All I remember is I gained around 100,000 followers within the first two days and then every time I posted followers jumped around 10,000.
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Israel is going into a second nationwide lockdown over Covid-19
Israel has approved a second general lockdown as coronavirus cases surge across the country. The lockdown, which is expected to start Friday afternoon, will see the country return to many of the same severe restrictions of the first lockdown back in April. Schools, restaurants (except delivery), and entertainment venues will all close, as well as other businesses, for an initial period of three weeks. The public sector will operate with a limited workforce, while private sector businesses can operate as long as non-employees do not enter the workspace.
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Saudi Aramco slows diversification plans amid industry downturn: WSJ
Oil company Saudi Aramco is reviewing plans to expand at home and abroad in the face of sharply lower oil prices and a heavy dividend burden, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Aramco will review a $6.6 billion plan to add petrochemical output at its Motiva refinery in Texas, as well as a big natural-gas project with Sempra Energy in the same state, according to the report. (on.wsj.com/2QPWVDD)
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Saudi’s June oil exports down $8.7 billion
The value of Saudi Arabia’s June oil exports was down 55% year on year, a drop of $8.7 billion, official data showed on Wednesday. Compared with May, total exports - including non-oil exports of goods such as chemicals and plastics - grew by 19.1%, or $1.86 billion, the General Authority for Statistics said.
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Divorce rate spikes during COVID- 19 lockdown in Saudi Arabia
Divorce rates have increased by nearly 96.7 per cent during the lockdown imposed by Saudi Arabia to tackle the coronavirus pandemic, the Ministry of Justice said.
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Saudi-led coalition in Yemen says it intercepted and downed drone
The Saudi-led coalition in Yemen said it intercepted and downed a booby-trapped drone towards the kingdom of Saudi Arabia, the state news agency said on Thursday. The official spokesman of the coalition Turki Al-Malki said joint coalition forces have intercepted and destroyed on Thursday evening a booby-trapped drone launched by Houthi militia from the capital Sana towards civilians and civilian objects in the southern region.
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Pakistan’s PM Khan plays down differences with ally Saudi Arabia
Pakistani Prime Minister Imran Khan has played down differences with longtime ally Saudi Arabia after his army chief visited Riyadh in a bid to ease a dispute over policy towards the disputed Himalayan region of Kashmir.
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Saudi-led coalition downs ballistic missile aimed at kingdom: SPA
The Saudi-led coalition fighting the Houthi movement in Yemen said on Sunday in a statement carried by state news agency SPA that it had intercepted and downed a ballistic missile launched towards civilian targets in southern Saudi Arabia.
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