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Major Policy Shifts Revealed in Bloomberg Interview with Deputy Crown Prince Mohammed Bin Salman
- April 1,2016
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- SUSTG Team
In an extensive interview with Bloomberg Saudi Arabia’s deputy crown prince Mohammed bin Salman outlined his vision for several major economic initiatives. These include a plan to offer shares in all of Saudi Arabian Oil Company (Saudi Aramco) rather than just it’s downstream and refining assets. “The mother company will be offered to the public […]
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New Homeland Security Decision Allows Saudi Students to Stay in U.S. for 3 Years By Getting On the Job Training
- March 30,2016
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- SUSTG Team
The United States Department of Homeland Security (DHS) recently published a new rule allowing F1 students the opportunity to stay in the country longer “by getting training on the job at some companies for a period of 36 months,” according to a report in Arab News and information posted to the DHS website. According to DHS, […]
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In Yemen, Airstrikes, Demonstrations, and a Prisoner Swap Ahead of Planned April 10 Ceasefire
- March 28,2016
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- SUSTG Team
The Saudi-led coalition fighting Shi’ite rebels in Yemen said Monday it released 109 Yemeni detainees in exchange for nine Saudis who were being held as the war moves toward winding down, according to reports. With a deadline of April 10th for a cessation of hostilities and peace talks in Kuwait to follow, the Saudi-led war […]
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In Bid to Boost Transparency, Saudi Regulators Require International Banks to Disclose Financial Statements
- March 21,2016
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- SUSTG Team
Saudi Arabia’s Capital Markets Authority (CMA) is instructing international banks to publicly disclose financial statements for the first time as the kingdom seeks to boost transparency, according to a report in Bloomberg. The Bloomberg report says that companies under the regulation of the CMA in Saudi Arabia must publish the financial information on their websites […]
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Riyadh to Keep Arms Originally Bound for Lebanese Army
- March 7,2016
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- SUSTG Team
Saudi Arabia will honor its contracts with French defense companies for $3 billion in arms previously bound for Lebanon as military aid, but will keep the equipment for its own army, foreign minister Adel Al-Jubeir said. Saudi Arabia recently withdrew its promise of $3 billion in military aid and $1 billion for security services over […]
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Nitaqat Effort Suffers Setback: 2015 was the ’Slowest Annual Increase on Record for Saudi Net Employment’ as Most New Jobs Still Going to Non-Saudis
- March 1,2016
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- SUSTG Team
A recently released Jadwa Investment report on Saudi Arabia’s labor market found little headway being made in Saudi Arabia’s goal of increasing employment of Saudis. According to Jadwa Investment, although Saudi Arabia’s unemployment rate fell slightly from 11.7 percent in 2014 to 11.5 percent in 2015, “of these positions, 368 thousand (or 88 percent) […]
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Riyadh Metro’s New Trains will have Three Separate Classes of Cars
- February 26,2016
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- SUSTG Team
The trains for Riyadh’s forthcoming metro project on lines 1 and 2 will have three separate classes of cars for citizens and expats, according to reports. The Siemens-built trains will have a first class for men with “gold-colored seats” that are wider than other sections. A second section will be for families, which in Saudi […]
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‘Saudi Student Boom’ for U.S. Colleges and Universities may be Slowing as Scholarship Program Evolves
- February 25,2016
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- SUSTG Team
A number of reports have indicated that the popular King Abdullah Scholarship Program (KASP) that has placed hundreds of thousands of Saudi students at academic institutions all over the world is being reviewed and can anticipate significant changes with regard to the program’s size and scope. In 2014 over 207,000 Saudi students and dependents were […]
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Popular King Abdullah Scholarship Program Reported to have New Restrictions along with Reduced Budget
- February 10,2016
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- SUSTG Team
Saudi Arabia’s King Abdullah Scholarship Program (KASP) has reportedly been narrowed to include only top universities and programs, months after the program was expanded to include all students and their families. Founded in 2005 and one of the late King Abdullah’s legacy programs, the scholarship fund covers full tuition, medical insurance, a monthly stipend for living expenses, and […]
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Will Saudi Arabia Remove the Requirement for a Local Partner in a Bid to Boost Foreign Investment?
- February 9,2016
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- SUSTG Team
Saudi Arabia, with low oil prices putting the pinch on virtually every corner of the Saudi economy, is pushing hard for foreign entities to invest in Saudi Arabia. This was a theme at the recently-held U.S.-Saudi CEO Summit in Riyadh, Saudi Arabia in January, as well as the Global Competitiveness Forum held in the Saudi […]
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India-Pakistan5 dead as Pakistan, India exchange fire in Kashmir: Officials
Five people died in firing along the de facto border in disputed Kashmir on Thursday, the Pakistani military and local officials said, as tensions between nuclear-armed rivals Islamabad and New Delhi soar over the Himalayan region. Skirmishes are frequent across the so-called Line of Control (LoC), but the latest deaths in two separate incidents come after Pakistan warned it was ready to meet any Indian aggression over Kashmir.
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SportsJoshua promoter defends Saudi fight as game changer for boxing
Anthony Joshua’s promoter has defended a decision to stage the Briton’s heavyweight title rematch with Mexican-American world champion Andy Ruiz Jr. in Saudi Arabia and said it could change boxing forever.
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U.S. Middle East PolicyCommentary: America’s Presence in the Middle East Has Hardly Changed Under Trump
Instead, what has changed is the scale of civilian effort that, in most previous administrations, would have accompanied such a military presence. The Trump administration has left numerous vacancies for key civilian positions unfilled for long stretches, slashed aid programs, and focused on high-level personal relations at the expense of broader ties.
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Saudi-RussiaSaudi opens door to Black Sea grain with pest rule change as tightens Russian ties
Russia has long sought access to Saudi Arabia’s wheat market as Moscow tries to take further market share in Middle Eastern and North African wheat markets from the European Union and United States.
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Women in SaudiSaudi Changes to Guardianship System Ease Restrictions on Women
All of these laws show the Saudi leadership’s efforts to strike a balance between opening up the country and preserving some traditional values by differentiating between customs, Islamic laws, and gender rights.
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Saudi Stock MarketSaudi Arabia ETF Reflects Importance of Major Index Changes
The iShares MSCI Saudi Arabia Capped ETF (NYSEArca: KSA) has also brought in $612 million in net inflows so far this year, according to ETFdb data. KSA now holds $833 million in assets under management.
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Debt FinanceSaudi Arabia ETF Reflects Importance of Major Index Changes
The iShares MSCI Saudi Arabia Capped ETF (NYSEArca: KSA) has also brought in $612 million in net inflows so far this year, according to ETFdb data. KSA now holds $833 million in assets under management.
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Women in SaudiSaudi Guardianship Laws Could Be Set to Change. Here’s How Women Are Reacting.
Over the past two years, Prince Mohammed has delivered on promises to liberalize some restrictions on women, lifting a ban on women driving and on attending sporting events in arenas. But change has been halting, leaving many Saudi women skeptical.
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Regional SecurityAnalysis: The F-35 has freaked out Iran and changed everything in the Middle East
it was late summer 2015 when reports in the Israeli news media surfaced about how Israelis working on F-35 prototypes had managed to double the jet’s flight and stealth capacity. It wasn’t lost on anyone that the extension meant Israeli Air Force pilots could use the F-35 to fly from Israel to Tehran and back without detection -- and without having to refuel at U.S. air bases in Saudi Arabia or Iraq. Suddenly, U.S.-Israeli air superiority in the region had risen to a new level. Saudi Arabia had already begun the process of cooperating more with Israel on defense and security matters for some time, something Prime Minister Benjamin Netanyahu hinted at during a “60 Minutes” interview after President Trump’s election. But the idea of letting Israeli jets land and refuel in that Arab country was still a stretch in 2015. Iraqi leaders were also not receptive to the idea. But the new technology was now rendering the objections moot.
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Banking and FinanceSaudi government studying law to license other stock exchange operators
Saudi Arabia is studying regulations to license new stock market operators, a potential first step to privatising its state-run bourse as Riyadh moves to wean the economy off oil, Maaal financial website reported on Thursday. The kingdom has introduced a raft of reforms in recent years to make its stock market attractive to foreign investors and issuers.
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