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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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Iran in talks with the Taliban to resume ambitious rail project
Iran is holding talks with the Taliban to resume construction of an ambitious rail project that ultimately aims to connect at least five Central Asian countries, according to an Iranian official. Iran is ready to make further investments and both sides are willing to finish construction on a rail line connecting Khaf in northeastern Iran with Herat in northwestern Afghanistan, according to Iranian transit official Abbas Khatibi.
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Inside the Taliban’s return to power
Mazar-i-Sharif was once the most secular, liberal of Afghan cities. But 20 years of corruption and misrule left it ripe for retaking by the Taliban. Will anything be different this time?
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Afghanistan’s Taliban told they can’t take their guns to the funfair
Taliban fighters, many of whom have spent most of their lives in a 20-year insurgency against a U.S.-backed government, flocked to amusement parks in Afghan cities in towns after they took over in August.
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The Taliban’s religious roadmap for Afghanistan
Historically, as Sunni Muslims, the Taliban’s main reference point has been the Deobandi school, a variant of Hanafi Islam founded in the mid-19th century. While most Afghans follow Sunni Hanafi Islam, Talibanism is a shift away from traditional Deobandism and toward a more tailored and unwritten mixture of puritanical beliefs wrapped in Islamic sharia.
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On Patrol: 12 Days With a Taliban Police Unit in Kabul
Tasked with guarding a Shiite shrine, a police unit offers a telling snapshot of the Taliban’s rank-and-file fighters and the challenges Afghanistan’s rulers face in governing a diverse nation.
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Commentary: How to help Afghans without aiding the Taliban
Since the fall of Kabul in August, the Taliban — unrecognized and under sanctions by the United States and European Union — have been barred from accessing $10 billion in Afghan government funds, mostly frozen in the U.S. Federal Reserve. Meanwhile, flows of foreign aid — once used to cover the majority of public expenditures — have slowed to a trickle.
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The Taliban Have Staffing Issues. They Are Looking for Help in Pakistan.
Government jobs are given as patronage to ex-fighters and exiles living quietly in Pakistan. But not all possess the technical skills required for the job.
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Senior Taliban delegation visits Iran as quest for legitimacy continues
Taliban Foreign Minister Amir Khan Muttaqi has visited Tehran for talks with Iranian officials. The top diplomat headed the highest-level delegation to visit Afghanistan’s neighbor to the west since the Taliban seized power last August. The trip comes as the Afghan group is struggling for legitimacy since no country has recognized its rule. Iran says that once the Taliban form “an inclusive government,” it will recognize it—and persuade others to do the same.
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Afghanistan’s Taliban ban long-distance road trips for solo women
The directive, issued on Sunday, is the latest curb on women's rights since the Islamist group seized power in August. A majority of secondary schools remain shut for girls, while most women have been banned from working.
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U.N. proposing paying nearly $6 million to Taliban for security
The proposed funds would be paid next year mostly to subsidize the monthly wages of Taliban fighters guarding U.N. facilities and to provide them a monthly food allowance under an expansion of an accord with the former U.S.-backed Afghan government, the document reviewed by Reuters shows.
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