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Saudi Arabia’s Non-Oil Exports Surge by 31% in Q2 to $23 Billion
Saudi Arabia’s non-oil exports surged by 31 percent in the second quarter to SR86.2 billion ($22.9 billion) from SR65.8 billion in the same period last year, the General Authority for Statistics, also known as GASTAT, said in a report.
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C3 US-Arab Healthcare and Business Summit Set for September 19th, 2022 at Union League Club in New York City
The C3 US-Arab Healthcare and Business Summit, a leading conference in the sector now in its 11th Annual edition, is set to take place September 19th, 2022 at the Union League Club in New York City.
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IMF: Saudi Economy Likely to be One of the Fastest Growing in the World in 2022
The International Monetary Fund (IMF) on Wednesday maintained its economic growth forecast for Saudi Arabia at 7.6% this year, bucking the global trend toward recession and likely placing it among the top growing economies in the world in 2022.
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U.S. Yemen Envoy Tim Lenderking Heads to Saudi Arabia, Jordan to Push Yemen Peace Talks
The U.S. special envoy for Yemen, Tim Lenderking, is headed to Saudi Arabia and Jordan on Monday to continue Washington’s diplomatic efforts to back a United Nation’s mediated truce in Yemen, Reuters reports, citing the U.S. State Department said.
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Oil Continues Drop on Global Indices as Recession, Demand Destruction Fears Weigh on Prices
Oil plummeted about 9% on Tuesday in the biggest daily drop since March, and failed to regain ground on Wednesday, as growing fears of a global recession and lockdowns in China that could slash demand weighed on prices.
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Saudi-led OPEC+ Group Sticks to Oil Output Policy, Delaying Debate before Biden’s Visit to Kingdom
The Saudi-led OPEC+ group of oil producers, which includes Russia, said on Thursday it would stick to its planned oil output hikes in August, pushing off a debate on policy from September onwards as prices have risen on tight global supplies and worries that the group has little ability to pump more crude, Reuters reports.
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Saudi Stock Exchange Tadawul Plans to Launch Single Stock Futures on July 4
Saudi Arabia’s stock exchange, the Tadawul, said it plans to launch single stock futures on July 4, “which will enable local and international investors to hedge and manage portfolio risks more effectively,” Reuters reports.
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The criticism, drama, and opportunities surrounding President Biden’s confirmed visit to Saudi Arabia, an economic victory lap, and more…
Episode 48 🚀 The 966 hosts talk about a new report from Saudi Arabia’s Investment Ministry that highlights all the gains in the Saudi economy recently, including an impressive start to 2022 GDP with 9.9% growth in Q1. Then the hosts discuss President Biden’s now confirmed visit, and all of the drama surrounding it…then the […]
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List of Top Names Committing to New Saudi-Backed LIV Golf Tour Grows as Johnson, Mickelson, Fowler Leave PGA
Saudi Arabia’s Public Investment Fund (PIF)-backed new golf tour will, after all, attract some of the biggest names in the sport to commit to its new rival league to the established PGA Tour as several top names commit to play in the startup series.
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Biden Administration Negotiating Deal for Islands Transfer that May Lead to Normalized Relations between Saudi Arabia and Israel – Report
The Biden administration has been quietly mediating talks between Saudi Arabia, Israel and Egypt on negotiations “that, if successful, could be a first step on the road to the normalization of relations between Saudi Arabia and Israel,” an exclusive report in Axios said.
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MUST-READS
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‘Tragic mistake’: Top Biden advisor laments Trump withdrawal from Iran nuclear pact
But with efforts to revive the Joint Comprehensive Plan of Action (JCPOA) at a prolonged standstill, US National Security Advisor Jake Sullivan suggested that near term, the United States was communicating warnings to Iran to stay within certain nuclear limits, while indicating that in the longer term, it seeks a diplomatic deal to put Iran’s nuclear program back in the box.
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Iran executes two men convicted of blasphemy
Iran has executed two men who were convicted of "burning the Quran" and "insulting the Prophet of Islam", the country's judiciary says. Yousef Mehrad and Sadrollah Fazeli-Zare ran dozens of social media accounts "dedicated to atheism and desecration of the sanctities", the judiciary's Mizan news agency reported. Mr Mehdad's lawyer had insisted that he was innocent and his sentence unjust. A rights group called their executions "a cruel act by a medieval regime".
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US Planning More ‘Robots at Sea’ in Middle East Amid Iran, China Tensions
The US, which leads two international maritime coalitions out of Bahrain, wants to have more than 100 unmanned surface vehicles — sometimes called robots at sea — in operation by the end of the summer, Vice Admiral Brad Cooper, who commands the coalitions and the Bahrain-based Fifth Fleet, said in an interview. An initial target of 50 was met in February and the technology delivers a cost-effective and efficient way of deepening US partnerships, he said.
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US Planning More ‘Robots at Sea’ in Middle East Amid Iran, China Tensions
The US, which leads two international maritime coalitions out of Bahrain, wants to have more than 100 unmanned surface vehicles — sometimes called robots at sea — in operation by the end of the summer, Vice Admiral Brad Cooper, who commands the coalitions and the Bahrain-based Fifth Fleet, said in an interview. An initial target of 50 was met in February and the technology delivers a cost-effective and efficient way of deepening US partnerships, he said.
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Iran’s Revolutionary Guard seizes tanker in Strait of Hormuz
The taking of the oil tanker Niovi renewed concerns about Iran threatening maritime traffic in the strait, the narrow mouth of the Persian Gulf through which a fifth of all crude passes. It also comes amid the disappearance of a crude oil tanker in Southeast Asia believed to be carrying Iranian crude oil amid reports it may have been seized by the United States.
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Perspective: Why the Saudi–Iran agreement doesn’t herald an active role for China in the Gulf
China’s participation was like its earlier efforts at regional conflict management. Between 2004–07 it tried to bridge the gap between the international community and the Sudanese regime during the Darfur crisis. Beijing then did something similar in 2013–15 between the West and Iran over the Iranian nuclear program, culminating in the Joint Comprehensive Plan of Action. In both cases, Chinese involvement was helped by a pre-established framework of dialogue and the willingness of each side to involve Beijing.
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Economy in focus as Iran’s president embarks on landmark visit to Syria
Iran’s president has embarked on a landmark visit to Syria. The trip is the first by an Iranian head of government since the Syrian civil war erupted in 2011. As Iranian media highlight the potential economic dividends of the visit, Raisi's outreach signals Iran's eagerness to reap the rewards of its steadfast support for Damascus—and to bolster its foothold in the Levant.
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Is the two state solution dead? Will Israeli or Iranian protests succeed? And other questions.
According to the fifth wave of the Middle East Scholar Barometer, jointly fielded by the Project on Middle East Political Science and the University of Maryland’s Critical Issuss poll, Middle East academic experts continue to grow more pessimistic about the prospects for an Israeli-Palestinian two state solution and even more likely to describe its current reality as a one state reality akin to apartheid.
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J Street Policy Center Releases New Report, Recommendations On US Policy Toward Iran
“After five years of deepening crises, it’s time to move past the unmitigated failure of ‘maximum pressure,’” said J Street’s Senior Vice President for Policy and Strategy Dylan Williams. “The record has shown that the security interests of the American people and our partners in the Middle East are better served by pragmatic diplomacy than reckless belligerence. This report sets out how President Biden can retake America’s lead in countering threats from Iran’s regime and in reducing instability and conflict in the region.”
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Iran’s brain drain accelerates as crackdown on dissent intensifies
According to the Nilgam Center, a Tehran-based agency providing services to Iranians seeking to emigrate, between 2010 and 2020 roughly 500,000 migrants left the country permanently. The Stanford Iran 2040 Project, an academic platform dedicated to the study of Iran’s development, reported in April 2020 that the population of Iran-born emigrants increased from about half a million before the 1979 revolution to 3.1 million in 2019, with the United States, Canada, Germany and the United Kingdom being their top destinations.
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