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Saudi to Make COVID-19 Vaccinations Mandatory for All Public and Private Sector Workers
All public and private sector workers wishing to attend a workplace in Saudi Arabia will be required to have taken a COVID-19 vaccination, the human resources ministry said on Friday. The ministry did not say when the new rule would take effect.
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Ramadan Moon Seen in Saudi Arabia, Holy Month Begins Tuesday
The Ramadan crescent moon has been sighted in Saudi Arabia, meaning the holy month will officially begin on Tuesday, April 13, according to an official announcement from the Kingdom’s Supreme Court.
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Saudi Arabia’s First Major Wind Farm Reaches Milestone as Renewables Push Continues
Saudi Arabia’s Dumat Al Jandal wind farm, its first major wind energy installation and part of a broader mix of national renewable energy solutions, has reached the 50 percent completion mark, according to reports.
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Jadwa Investment Launches $266m Fund to Invest in Riyadh’s Real Estate Market
Saudi Arabia’s Jadwa Investment has reportedly launched a $266m fund to invest in Riyadh’s real estate market, hoping to develop more than 1,500 residential units through several apartment complexes, targeting mid- to high-income households, the UAE-based The National reports.
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US-based Railcar Company Greenbrier the Latest to Move Regional HQ to Riyadh
US-based railcar company Greenbrier is one of the latest American companies to be moving or building their regional Headquarters in Riyadh, the company said, as it looks to profit off the opportunities presented by the Kingdom’s Vision 2030 economic and social reform plans. The NYSE-listed Greenbrier is one of 24 companies that have recently agreed […]
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New Whitepaper Examines the State of Recycling, Waste Management in Saudi Arabia, UAE
A new whitepaper released online from the UK-based publication The Economist Intelligence Unit examines the state of waste management and recycling in Saudi Arabia and the UAE. The whitepaper, entitled Towards zero: Rethinking recycling in Saudi Arabia and the UAE, examines the state of waste management in Saudi Arabia and the UAE and identifies priorities for accelerating […]
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Event Alert: H.E. Khalid Al-Falih, Princess Reema bint Bandar Headline U.S.-Saudi Arabia Business Leaders Virtual Forum on March 23-24
The U.S. Chamber of Commerce is hosting a two day virtual event bringing together U.S. and Saudi Arabia business and government leaders on March 23-24. The event, entitled the U.S.-Saudi Arabia Business Leaders Virtual Forum, will see virtual keynote remarks delivered by H.E. Khalid Al-Falih, Saudi Arabia’s Minister of Investment, H.R.H. Princess Reema bint Bandar […]
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U.S. Officials Hold First Direct Meeting with Iran-Backed Houthis in Bid to End War – Report
Senior U.S. officials have held a first direct meeting with officials from the Iran-backed Houthi organization that controls Yemen’s capital, Reuters reports, citing two sources familiar with the matter.
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BofA Revises Upward 2021 Brent Oil Price by $10 a Barrel – Report
Bank of America (BofA) Global Research has hiked its forecast for Brent crude oil prices for this year, citing tighter supplies due to the Texas freeze and OPEC+ output curbs and unmatched global monetary stimulus, Reuters reports, citing a research note from the bank.
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Saudi Research and Marketing Group Hires Two Goldman Bankers as Execs, Looks to Expand
Saudi media powerhouse Saudi Research & Marketing Group (SRMG) hired two bankers from Goldman Sachs Group Inc. in the Gulf in a bid to to bolster its regional and global presence, according to a report in Bloomberg.
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MUST-READS
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Why British and US strikes on Yemen are not working
On Jan. 11, 2024, Britain and the US initiated airstrikes in Yemen with the stated goal to degrade the capabilities of the Ansarullah movement—better known as the Houthis. The decision was prompted by the Iran-backed movement’s claim of targeting ships headed to and from Israel since Nov. 2023, in an effort to allegedly force a ceasefire in Gaza. However, the western strikes have not been effective. Paradoxically, they have instead emboldened the Houthis to escalate their attacks.
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Saudi Arabia clashes with West over Chinese green tech
The head of Saudi Arabia’s state oil company praised China’s exports of green technology, echoing Beijing’s talking points in what appeared to be a deliberate rebuke of Western policymakers. “China really helped by reducing the cost of solar energy,” Aramco CEO Amin Nasser told the World Energy Congress in Rotterdam on Monday. “We can see the same now in electric vehicles…a lot of policymakers do not understand what is required and how [the energy transition] is going to happen.”
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9% spike in Mideast military spending driven by Saudi Arabia, Israel, Turkey
The institute noted that three largest spenders in the region — Saudi Arabia, Israel and Turkey — all increased military spending last year. Saudi Arabia was the fifth largest spender in the world, with spending increasing 4.3% from the year prior to $75.8 billion in 2023. However, Saudi military spending from the 2014 through 2023 decreased by 18% compared to the previous decade.
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Iran’s Israel strike coincided with crackdown on dissent at home
The same day Iran launched its first ever direct attack on Israel it embarked on a less-noticed confrontation at home, ordering police in several cities to take to the streets to arrest women accused of flouting its strict Islamic dress code.Iranian authorities insist that their so-called Nour (Light) campaign targets businesses and individuals who defy the hijab law, aiming to respond to demands from devout citizens who are angry about the growing number of unveiled women in public.
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Israel military strikes northern Gaza in heaviest shelling in weeks
Israel bombarded northern Gaza overnight in some of the heaviest shelling in weeks, panicking residents and flattening neighbourhoods in an area where the Israeli army had previously drawn down its troops, residents said on Tuesday.Tanks made a new incursion east of Beit Hanoun on the northern edge of the Gaza Strip, though they did not penetrate far into the city, residents and Hamas media said. Gunfire reached some schools where displaced residents were sheltering.
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Saudi Arabia pushing for Israel to accept ceasefire, more aid into Gaza: FM
Saudi Arabia is pushing for a ceasefire in Gaza and the entry of more aid into the territory amid Israel’s war on Hamas, the Kingdom’s Minister of Foreign Affairs Prince Faisal bin Farhan said in an interview with Al Arabiya.
An agreement between Hamas and Israel must include those two factors, he said.
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EU announces five-year Schengen visas for Saudi, Omani and Bahraini citizens
The Schengen Area, which includes 29 European countries, was expanded last February to include Bulgaria and Romania, eliminating all air and maritime border controls.
Citizens from the UAE, Qatar, Bahrain, Jordan, Kuwait, Oman, Saudi Arabia have been exempted from the UK's pre-entry visa requirements.
In November, Gulf countries announced plans for a unified tourist visa similar to the Schengen permit in a move to ease travel for residents and tourists.
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Saudi PIF Merges Mobile Tower Firms to Create Regional Giant
Saudi Arabia’s sovereign wealth fund agreed to buy a majority stake in Saudi Telecom Co.’s tower unit for 8.7 billion riyals ($2.3 billion) and plans to merge it with other local assets to create a new mobile tower giant.
The Public Investment Fund will own 54% of the new venture while STC, as Saudi Telecom is known, will hold 43%, according to a filing on the Saudi stock exchange. The entity will combine towers unit Tawal with Golden Lattice Investment Co., which the PIF bought from Zain Saudi last year, and manage a portfolio of about 30,000 towers across five countries.
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Middle East military burden is world’s highest in 2023 as Israel spending up 24%
Middle East countries spent 4.2 per cent of their gross domestic product (GDP) on defence in 2023, the highest rate globally, as Israel's military expenditure jumped by nearly a quarter amid its intensifying war in Gaza, according to new research.
Military expenditure as a percentage of GDP, known as the military burden, is a measure of the relative economic cost of defence for a country.
In 2023 the average military burden "grew substantially" for nations in the Middle East by 0.5 percentage points, according to the latest data by the Sweden-based think tank Stockholm International Peace Research Institute (Sipri). The independent institute conducts research into conflict, armaments, arms control and disarmament.
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Settler terrorism: Palestinians are becoming prisoners in their own homeland
The recent surge of settler terrorism and violence in the occupied West Bank is the inevitable culmination of years of policy decisions. Over the past decade, successive Israeli governments have unabashedly armed settlers, effectively equipping them to carry out their own brand of intimidation and aggression. National Security Minister Itamar Ben Gvir’s recent decision to distribute even more weapons in the wake of the events of 7 October is simply another chapter in this grim saga.
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