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Crown Prince Mohammed bin Salman arrives in Greece in First Visit to Europe Since 2018
- July 26,2022
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman arrives in Greece today for talks with its premier, Kyriakos Mitsotakis, marking his first trip to a European Union nation since 2018.
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Foreign Direct Investment into Saudi Arabia Jumps 9.5%, Saudi Arabia’s Ministry of Investment Says
- June 29,2022
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- SUSTG Team
Saudi Arabia recorded 9.5% increase year on year in foreign direct investment (FDI) flows during the first three months of 2022, Saudi Arabia’s Ministry of Investment (MISA) said on Twitter on Tuesday.
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Saudi Crown Prince Lands in Egypt on Start of Regional Tour
- June 21,2022
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman arrived in Cairo, Egypt on Monday, kicking off his first tour outside the Gulf region in over three years, according to reports.
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Saudi Arabia Invites Proposals for Rabigh 4 Independent Water Project; 8 Pre-Qualified to Bid
- June 20,2022
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- SUSTG Team
Saudi Water Partnership Company (SWPC), the principal off-taker for water and wastewater projects in Saudi Arabia, tendered Request for Proposal (RFP) for its Rabigh 4 Independent Water Plant (IWP) project, according to a report in Zawya. The 600,000 cubic meters per day desalination project is located in Rabigh, 110 miles northwest of Makkah, on the Red Sea […]
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President Biden Visit to Saudi Arabia Likely in July; Says US-Saudi Ties on ‘Steady Footing’
- June 8,2022
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- SUSTG Team
President Biden and the White House said US-Saudi relations are on “solid footing” and that the President is targeting a July date to visit the Kingdom and meet with its top leadership, according to comments by the White House press secretary Karine Jean-Pierre said.
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Number of Women with Jobs in Saudi Arabia has ‘Nearly Doubled in the Last Five Years’
- May 19,2022
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- SUSTG Team
The number of women with jobs in Saudi Arabia “has nearly doubled in the last five years and now stands at over 35 per cent of the workforce,” a top official in Saudi Arabia said this week, according to comments reported by The National.
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Saudi Arabia’s Inaugural ‘Future Aviation Forum’ Begins May 9
- May 4,2022
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- SUSTG Team
Saudi Arabia is hosting the inaugural Future Aviation Forum next week, a new annual event that aims to seize the opportunity of a “pivotal moment for the global aviation sector,” a Saudi official said.
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Oil Drops Below $100 as Higher Oil Prices Seen as Boon for Saudi Economy
- April 25,2022
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- SUSTG Team
Oil dropped at the start of the week below $100 as worry over a spreading Covid-19 outbreak in China might impact consumption even further, according to Bloomberg.
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Scratching the surface on the issues affecting U.S.-Saudi relations today + much more – The 966 Episode 36
- April 22,2022
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- SUSTG Team
Episode 36! The hosts scratch the surface on some issues affecting U.S.-Saudi relations – both now and in the past – and talk about the status of the U.S.-Saudi relationship today. First, the hosts talk about a recent op-ed by Prince Turki al-Faisal, ‘America should laugh with the Kingdom, not scowl’, amid U.S. media criticism […]
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Saudi Arabia’s ACWA Power Starts Construction at Green Hydrogen Project at NEOM
- April 7,2022
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- SUSTG Team
Saudi Arabia’s ACWA Power and its partners kicked off the construction work at the world’s largest green hydrogen project in NEOM, according to reports, as the Kingdom moves forward with aspirations to be a global leader in green energy. The project is a $5 billion world-scale green hydrogen-based ammonia production facility powered by renewable energy, and […]
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MUST-READS
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Russia-Ukraine war: Seven ways the invasion will affect the Middle East
Ukraine and Russia provide much of the world's wheat, and countries across the Middle East are likely to be hit with price rises if supplies are disrupted. As the world's largest importer of wheat, Egypt would likely be severely affected. The most populous Arab country - home to 102 million - imported 12.5m tonnes of wheat in 2020-21, with almost 85 percent coming from Russia and Ukraine.
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OPEC+ deal seen on track despite Russia’s Ukraine invasion
A deal among OPEC+ oil producers including Russia is showing no cracks so far after Russia's invasion of Ukraine, OPEC+ sources said, and the group is likely to stick to a planned output rise at a meeting next week despite crude topping $100 a barrel. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, meets on March 2 to decide whether to increase output by 400,000 barrels per day (bpd) in April.
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Senior Saudi, U.S. officials discuss response to Ukraine crisis -State Dept
Saudi Arabia's Deputy Foreign Minister Waleed El Khereiji and U.S. Deputy Secretary of State Wendy Sherman on Thursday discussed building a "strong international response to support Ukrainian sovereignty", the U.S. Department of State website said.
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The Russia-Ukraine conflict is set to hit Lebanon’s food supply
“Wheat would be the food commodity most impacted as Russia is the world’s largest exporter of wheat, and Ukraine is also a major exporter,” said Steve Taravella, a senior spokesperson for the UN World Food Programme. Combined, the two countries are responsible for 29% of the global wheat trade.
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Russia-Ukraine war: Seven ways the invasion will affect the Middle East
From spiking energy prices to sanctions, fewer tourists to disrupted wheat supplies, the escalating conflict will reverberate across the region
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Most Gulf bourses turn south as Ukraine crisis deepens
Most stock markets in the Gulf fell in early trade on Tuesday, tracking global shares, as tensions between Russia and Ukraine escalated after Moscow ordered troops into two breakaway regions in eastern Ukraine. Moscow's move drew international condemnation and U.S. officials said Washington in coordination with allies is planning to announce new sanctions on Russia.
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Biden officials dispatched to Saudi Arabia to discuss energy concerns amid Russia-Ukraine crisis
National Security Council Middle East coordinator Brett McGurk and the State Department's energy envoy, Amos Hochstein, were in Riyadh on Wednesday, a senior US official confirmed to CNN, attempting to shore up the relationship more broadly but also to discuss with Saudi officials how to stabilize markets amid soaring gas prices and fears of a Russian invasion.
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As Oil Nears $100, Saudis Stick to OPEC+ Pact Amid Ukraine Crisis
American and European officials have said sanctions on Russia’s oil-and-gas industries aren’t being considered now, a recognition that such measures would lead to unsustainable price increases. But even sanctions against Russia’s banking and other sectors could lead to energy-supply disruptions because oil-and-gas traders may pull back from the risk of working with a sanctioned country. Experts say the Western sanctions being discussed could cut off about 7% of the world’s oil supply.
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TruKKer Secures $96M in Series B Funding Round
TruKKer, a Saudi Arabia-headquartered digital freight network, raised $96 million in a mix of debt and equity Series B financing, according to a Monday (Feb. 14) press release. The company plans to use the capital to expand in existing markets in the Middle East and Central Asia and launch new products and features, said Chief Financial Officer Amit Agarwal, per the release.
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Opinion: Saudi Arabia Isn’t Wasting the Ukraine Crisis, Wielding Influence in Washington
According to the International Energy Agency, Riyadh controls 55% of the global crude oil production capacity that can be tapped in short order to cushion any stoppage.
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