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Recent stories from sustg
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Saudi Stock Market Lists 400th Security
Formally established in 2007 after the devastating market crash of 2006 and incorporated as a holding company in 2021, the Saudi stock market (Tadawul) recently hit a milestone of 400 listed securities.
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Saudi Arabia’s non-oil business activity grows robustly in March, PMI shows
Strong demand helped drive non-oil business activity in Saudi Arabia in March, Reuters reports, with output accelerating to a six-month high.
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Saudi Aramco to Expand Huge Gas Plant as Global Demand Surges and Market Dynamics Shift
Saudi Aramco is moving ahead with plans to expand the Fadhili gas processing facility in the kingdom’s Eastern Province as part of its strategy to tap vast and under-developed gas resources within Saudi Arabia, according to a report in Bloomberg.
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Dolce & Gabbana Launches Flagship Saudi Store at Via Riyadh after Approaching KSA Market with ‘Caution and Respect’
Fashion icon Dolce & Gabbana unveiled a unique strategy for Saudi Arabia, opening up a flagship new store in Via Riyadh after approaching the market with “caution and respect,” Vogue Middle East reported.
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KSRelief Spearheads Saudi aid to Gaza and the Globe
King Salman Humanitarian Aid and Relief Centre (KSRelief) provides humanitarian aid and relief to people outside of Saudi Arabia’s borders. KSRelief was established by King Salman bin Abdulaziz in 2015 and works in 46 countries, with a focus on the Middle East and North Africa region.
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Biden’s Oil Boom
Reuters reports that during the Biden administration not only has oil production hit record highs but energy company profits, dividends, drilling permits, jobs and energy exports are all up.
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PIF Increases Investment in Lucid
Ayar Third Investment Company, a PIF affiliate, will buy $1 billion in convertible preferred stock and will be able to convert the preferred stock into about 280 million shares, according to a regulatory filing with the U.S. securities regulator.
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Saudi Arabia to join Miss Universe for the first time
27-year-old model, influencer, and beauty pageant veteran Rumy AlQahtani announced on Instagram that she will be representing Saudi Arabia in 72nd Miss Universe contest in Mexico later this year.
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Hyundai and Red Sea Global Agree to Test EVs and Air Mobility Systems
Hyundai Motor Group said on Monday it has agreed with Saudi Arabia’s state-sponsored developer Red Sea Global (RSG) to cooperate in the Middle Eastern country’s push for electrification and other eco-friendly future mobility projects.
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Saudi Film Commission Reports Impressive 2023 Growth Statistics
Published in Screen Daily, the Saudi Film Commission reported on topline 2023 metrics for Saudi Arabia’s growing film industry. With more than 50% of the Saudi population under 25, there is a significant appetite for cinema, particularly for US action films, Egyptian comedies, and Saudi narratives.
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MUST-READS
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Iraqi forces making new push toward Old City in Mosul
Iraqi forces launched a new attack on Islamic State in Mosul's Old City on Sunday, military officials said, trying to break the stalemate in attempts to seize the militants' last stronghold.
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After Mosul Losses, ISIS Now Controls Less Than Seven Percent of Iraq
The Islamic State militant group (ISIS) now controls less than seven percent of Iraq, down from the 40 percent it held during 2014, an Iraqi military spokesman said Tuesday.
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Mosul from the sky: Evidence of IS using human shields
The BBC has seen evidence that so-called Islamic State (IS) has been using children as human shields as they fight to keep control of the Iraqi city of Mosul. BBC Persian correspondent Nafiseh Kohnavard and producer Joe Inwood had exclusive access to helicopter missions of the Iraqi military and witnessed the battle from above.
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US opens formal investigation into civilian deaths in Mosul
A senior U.S. general said on Wednesday it will be difficult to maintain "extraordinarily high standards" to avoid civilian casualties in Mosul, even as the U.S. military begins a formal investigation into an explosion in the Iraqi city that is believed to have killed scores of civilians.
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Mosul airstrikes make ‘the most kinetic three weeks’ of ISIS war so far
The last three weeks of airstrikes in Mosul have been “the most kinetic three weeks in the campaign in Iraq” against the Islamic State, the top Air Force general in Iraq said Thursday.
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U.S. Acknowledges Deadly Mosul Air Strike
The March 17 air strike, which the U.S. military acknowledged conducting on Saturday, struck a neighborhood in the suburb of Mosul al-Jadida, where ISIS fighters were engaged in a battle with Iraqi forces.
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U.S. General Pushes Back Against Claims of Indiscriminate Bombing in Mosul
A top general overseeing the U.S.-led coalition's air campaign against the Islamic State group pushed back Thursday against claims warplanes under his command are being less discriminate in preventing civilian deaths, following reports earlier in the day that airstrikes in Mosul killed more than 200 civilians and that civilian casualties have risen under the administration of President Donald Trump.
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After ISIS: For Iraqis, reconciliation in Mosul will be challenging, and vital
The goal of post-ISIS reconciliation in multi-ethnic Mosul is to avoid the sectarian fighting and Sunni disenfranchisement that helped spawn the jihadist movement and spread its reach in the first place.
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West Mosul battle looks to be deadliest yet for Iraqis
The fight for the western half of Mosul could the deadliest yet for civilians. Iraqi forces have increasingly turned to airstrikes and artillery to clear heavily populated, dense urban terrain, and residents running out of food and supplies are fleeing their homes at higher rates than previously seen in the Mosul operation.
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Iraq, U.S. offer differing accounts of progress in Mosul
Iraqi and U.S. commanders offered conflicting accounts Thursday of progress in western Mosul, where U.S.-backed Iraqi forces have been battling the Islamic State group for nearly a month as they try to retake the remainder of the city.
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