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Ramadan 2022 Set to Begin with Crescent Moon Sighting in Saudi Arabia April 1-2
- March 31,2022
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- SUSTG Team
Ramadan 2022 is set to begin in Saudi Arabia upon the sighting of the crescent moon as soon as April 1, with authorities urging Saudis to keep a look out for the moon starting Friday night.
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Recovering Saudi Economy Sees Unemployment Among Saudi Nationals Lowest Since 2009
- March 30,2022
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- SUSTG Team
Saudi Arabia’s booming economy is translating to a strong job market in the Kingdom both for expats and citizens alike, according to a report in Bloomberg, which cited latest data from the kingdom’s General Authority for Statistics.
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Global Entrepreneurship Congress in Riyadh Attracts $600m in Investment Announcements
- March 29,2022
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- SUSTG Team
The Global Entrepreneurship Congress, a conference gathering investors, policymakers and community leaders from around the world to focus on the startup space, is underway in Riyadh with big announced investments into the important sector for the Kingdom’s diversification goals.
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Verstappen Edges Leclerc by Half a Second in Wild F1 Weekend in Jeddah
- March 28,2022
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- SUSTG Team
Max Verstappen edged out Charles Leclerc by half a second in a thrilling finish to a wild weekend which saw Saudi Arabia’s second-ever F1 race in Jeddah take place two days after a missile attack by Iran-backed Houthis hit a civilian facility a few miles from the race track.
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Biden White House Supplies Saudi Arabia with ‘Urgent’ Patriot Missile Request, Condemns Houthi Attacks
- March 21,2022
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- SUSTG Team
The Biden administration has transferred a “significant number of Patriot antimissile interceptors to Saudi Arabia within the past month,” the Wall Street Journal reports, fulfilling an “urgent request for a resupply” by Saudi Arabia.
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Foxconn Eyes Potential $9 Billion Saudi Facility at Neom; Green Hydrogen Moves Forward
- March 17,2022
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- SUSTG Team
Foxconn, the world’s largest contract assembler of consumer electronics, is in talks with Saudi officials about the prospect of opening a $9 billion factory in NEOM, according to a report in the Wall Street Journal.
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Analysts Question Reported Saudi Interest in Pricing Some Oil in Yuan
- March 16,2022
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- SUSTG Team
The Wall Street Journal reports that Saudi Arabia is in active talks with China to price some of its oil sales to China in yuan instead of the dollar, in what would be a “profound shift” for Saudi Arabia to price even some of its roughly 6.2 million barrels of day of crude exports in anything […]
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Saudi Arabia Invites China’s President Xi to Visit Kingdom
- March 15,2022
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- SUSTG Team
Saudi Arabia has invited Chinese President Xi Jinping to visit Riyadh as the Kingdom, people familiar with the plan told the Wall Street Journal. The visit could be President Xi’s first international trip since the beginning of the Covid-19 pandemic began.
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Poll Finds Bipartisan American Support for High Gas Prices over Russian Invasion, NATO Support
- March 9,2022
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- SUSTG Team
Two weeks on in Russia’s invasion of Ukraine, a poll of American attitudes on the war finds bipartisan support for U.S. energy sanctions against Russia even if that results in higher gas prices.
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US to Ban Russian Oil Imports over Ukraine Invasion; Report Says Biden Team Considering Saudi Visit
- March 8,2022
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- SUSTG Team
President Joe Biden will announce a ban on the U.S. import of Russian energy, in the latest effort to ratchet up sanctions over Russia’s invasion of Ukraine, according to reports.
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MUST-READS
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AirspaceSaudi airline changes flight routes to avoid Iran’s airspace
The airline says it's a precautionary measure for aviation safety, and Saudi-owned Al Arabiya news channel says the airline's decision affects flight routes over the Gulf of Oman and the Strait of Hormuz.
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LawSaudi teenager arrested at 13 spared from execution, source says
Murtaja Qureiris, the 18-year-old who had been facing the death penalty in Saudi Arabia, has been spared execution and sentenced to 12 years in prison, according to a source familiar with the matter. The source told CNN that Qureiris, who was arrested at the age of 13 by Saudi authorities, could be released by 2022.
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Oil MarketsTrump Sparks Oil Rally With Iran Spat, Then Rout With Trade War
Just over a week ago, crude prices were surging as attacks on Saudi Arabia’s oil tankers and pipeline network spurred fears that the Middle East was on the brink of military confrontation. In the past two days, however, oil has suffered its biggest losses this year as those concerns are shunted aside by another type of conflict: the escalating trade war between the U.S. and China.
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IranUS military build up ‘sparked by Iran loading missiles onto small boats’ in Persian Gulf
The US has not made its intelligence public but the alarm was caused by images showing the missiles being put onto small dhow boats, according to the New York Times.
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Saudi-SpainSaudi ship leaves Spain with ceremonial, exhibition materials: source
The Spanish source said the material could be used for cannon salutes in military ceremonies in Saudi Arabia. The vessel was also carrying exhibition materials for the United Arab Emirates.
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Saudi-FranceSaudi ship, blocked from loading arms cargo in France, arrives at Spanish port
A Saudi ship, prevented by rights groups from loading an arms cargo at the French port of Le Havre on Friday, arrived at the Spanish port of Santander early on Monday.
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Saudi Oil PolicyThe Saudi Plan To Boost Spare Oil Production Capacity
Even as Saudi Arabia’s oil production reached record levels, with total output hitting 11.1m barrels per day (bpd) in November 2018, the country is boosting levels of investment to ensure there is spare capacity to meet a global supply shock and subsequent increase in prices.
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National Oil CompaniesNew data on governance of national oil companies: Why transparency and oversight matter
Decisions about how to manage NOCs matter a lot; economies in resource rich countries can rise or fall based on what these companies do and how they are governed.
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Spanish FootballSpanish FA considers playing Super Cup in Saudi Arabia
This year's Italian Super Cup was played in Saudi Arabia as part of a multi-year deal worth more than 20 million euros ($22 million).
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OPEC+Oil Price Recovery Gives OPEC and Allies Some Breathing Space
The price reflects tighter fundamentals thanks to the high level of discipline by the majority of the 24 producers that signed up to an agreement in 2018 to cut oil production by a combined 1.2 million barrels per day (mb/d) from January 2019.
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