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  • Saudi Arabia Urges its Citizens to Leave Ukraine

    Saudi Arabia urged on Saturday its citizens in Ukraine to leave the country immediately. The Kingdom's embassy in Kyiv also called on all Saudis to delay travel to Ukraine. It said Saudis in Ukraine must contact it immediately to facilitate their departure. Kuwait on Saturday had called on its citizens to also leave Ukraine.

  • Goldman Sach’s Farouk Soussa on KSA Economy and Higher Oil Prices

    Farouk Soussa, VP of MENA economics research at Goldman Sachs discusses Saudi Arabia's economy. The country expanded at 6.8% in the fourth quarter of 2021, maintaining the fastest pace of annual growth in almost a decade as high oil prices boost the kingdom's income and drive its recovery from the shock of the pandemic.

  • UK Culture secretary Nadine Dorries signs arts agreement with Saudi Arabia

    The UK government has signed a memorandum of understanding with the Saudi Arabian state designed to strengthen cultural links between the two countries. Nadine Dorries, the UK Culture Secretary, participated in the signing ceremony at the Diriyah Biennale in the Jax district on the outskirts of Riyadh.

  • Saudi sukuk issuances jumped 37% to $37bln in 2021, says S&P

    Sukuk, or Islamic bonds, issuances in Saudi Arabia have risen 37 percent in calendar year 2021, S&P Global Ratings, with Saudi corporate and government entities raising $36.9 billion sukuk in 2021, compared to $27 billion in 2020 and $28.6 billion in 2019. In 2021, while the global sukuk issuance reached $147.4 billion compared with $148.4 billion in 2020, foreign-currency denominated sukuk issuance increased by 10 percent.

  • Saudi sukuk issuances jumped 37% to $37bln in 2021, says S&P

    Sukuk, or Islamic bonds, issuances in Saudi Arabia have risen 37 percent in calendar year 2021, S&P Global Ratings, with Saudi corporate and government entities raising $36.9 billion sukuk in 2021, compared to $27 billion in 2020 and $28.6 billion in 2019.

  • Turkey, a Sometimes Wavering NATO Ally, Backs Ukraine – The New York Times

    In a public rebuke of Russia, Turkey will expand supplies of one of the Ukrainian Army’s most sophisticated weapons, a long-range, Turkish-made armed drone.

  • How tensions in Ukraine could rile Egypt

  • Golf’s global power struggle heats up with UK set to host Asian Tour event

    Key, of course, is whether or not golfers will see the appeal in what is a congested schedule. The DP World and PGA Tours will not make it easy for their members to compete routinely on the Asian Tour, should such dispensation even be granted at all.

  • Before Ukraine Standoff, U.S. Pitched Its ‘Freedom Gas’ to Europe and Found Few Takers

    Now, as Europe confronts the possibility of a serious supply squeeze amid Russian hostilities toward Ukraine, the U.S. is trying to help Europe secure emergency gas supplies. But there is only so much the Biden administration can do: Most American gas has been sold to other customers, and Europe has limited facilities to import more.

  • A Russian invasion of Ukraine could drive up food prices and spark widespread unrest far from the front lines

    Smith noted that in 2020, half of all wheat consumed in Lebanon — a country critically dependent on bread as a staple and slammed by a crippling economic crisis — came from Ukraine. Yemen and Libya respectively import 22 percent and 43 percent of their total wheat consumption from Ukraine. In 2020, Ukraine also supplied more than 20 percent of wheat consumption in Malaysia, Indonesia and Bangladesh.