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Recent stories from sustg
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Saudi Arabia’s Al-Jadaan Announces New Measures to Shore Up Kingdom’s Finances
Saudi Arabia is taking new austerity measures to cope with the impact of the coronavirus pandemic and low oil prices, announcing that it would triple its VAT and slash a cost-of-living allowance for government workers, according to reports and comments from the Kingdom’s finance minister H.E. Mohammed Al-Jadaan.
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Despite Pandemic, Delivery Food App Uber Eats Ceases Operations in Saudi Arabia, Company Says
Uber Eats has decided to withdraw its food delivery service in both Saudi Arabia and Egypt, and will join forces with Careem in the UAE, according to reports, citing comments from company leadership in the region.
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Saudi Arabia Takes $500 Million Stake in Coronavirus-hit LiveNation
Saudi Arabia’s sovereign wealth fund bought a 5.7% stake in the LiveNation, the U.S. events and ticketing company, which is parent to Ticketmaster, according to reports.
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As Ramadan Approaches, Saudi Arabia Prepares for Holy Month Under Coronavirus Restrictions
For Saudis and other Muslims around the world, the approaching month of Ramadan will look different this year as governments take preventative measures to safeguard their citizens from the coronavirus.
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To Avoid Layoffs, Saudi Arabia to Guarantee Salaries to Support Virus-Hit Firms
Saudi Arabia moved to help firms avoid having to fire Saudi citizens amid an economic slowdown resulting from the coronavirus pandemic, according to reports.
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‘We are determined to spare no effort’: G20 Leaders’ Summit Statement on COVID-19
Leaders of the G20 economies pledged on Thursday to inject over $5 trillion into the global economy to limit job and income losses from the coronavirus and “do whatever it takes to overcome the pandemic,” according to a statement from the G20 leaders.
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Everything Saudi Arabia is Doing to Combat the Spread of COVID-19 in One Video
Saudi Arabia’s ambassador to the United States HRH Princess Reema bint Bandar recently shared on twitter a 60-second video showing all the steps that Saudi Arabia has taken to combat the spread of the Coronavirus, or COVID-19, within the Kingdom.
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Strong U.S., Saudi Arabia Security Alliance Evident in Latest SIPRI Annual Report
Saudi Arabia was the largest recipient of US arms in 2015–19 and accounted for 25 percent of U.S. arms exports, a surge of 17.6 percent over the period between 2010-2014, according to the latest Trends in International Arms Transfers, 2019 report from the Stockholm International Peace Research Institute (SIPRI).
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For Saudi Arabia’s Red Sea Projects, Protecting the Natural Wonder of Sea and Sky a Priority
Saudi Arabia’s planned Red Sea Development Projects will create massive tourism opportunities for the Kingdom, but Saudi authorities are keen on keeping the natural, pristine beauty of the as-yet developed sites intact during planning and construction.
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Weaker Demand for Oil as Coronavirus Spreads, Pushing Prices Down
Saudi Arabia and other oil producing nations that form the OPEC+ group are seeking common ground on how to keep oil prices from tumbling further in the face of weak demand from the spread of the Coronavirus.
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MUST-READS
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Lebanon’s politics paralyzed by regional conflict
With Lebanon's most powerful political parties funded and often directed by regional powers, the country has for decades been affected by events in the Middle East.
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Opinion: Tackling Islamic State: a message from Lebanon
Barack Obama never understood properly the dangers inherent in the Syrian situation. Obama wants to defeat the Islamic State but he doesn’t want to do anything about the conflict in Syria: he has separated artificially the anti-Islamic State campaign and the conflict in Syria, as if these things were not intimately tied into one another. Three years ago a number of people were writing – I was only one of them – that you cannot do nothing in Syria, because the problem you’re trying to avoid today may be become a problem later that you simply cannot avoid.”
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France, Lebanon sign Saudi-funded arms deal
This deal will help to ensure the army’s mission to defend its territory and to fight terrorism at a time when Lebanon is threatened,” Fabius said.
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Rivals Tehran, Riyadh pledge billions to Lebanon’s army
Late last year, Riyadh agreed to give $3 billion worth of French-made weapons to Lebanon’s military at a still-unspecified date. It also granted $1 billion in emergency aid to the country’s military and intelligence agencies in August after militants linked to extremists in Syria briefly captured the Lebanese border town of Arsal. Combined, the pledges amount to more than double the military’s estimated annual budget. During a visit to Beirut in September, the secretary of Iran’s Supreme National Security Council, Ali Shamkhani, responded with an arms offer from Tehran. According to Lebanese media reports, that consists primarily of antitank weapons, artillery and heavy machine guns.
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French-Saudi Arms deal for Lebanon to be inked today
Saudi Arabia and France will on Tuesday seal a deal to provide Lebanon's army with USD 3 billion worth of French weapons, with Riyadh footing the bill, a Saudi daily and a French source had said yesterday.
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Lebanon Cabinet votes to stop accepting Syrian refugees
The Cabinet’s decision will “stop the flow of all Syrian refugees except those with an exceptional humanitarian case,” Joreige said. Also, the UN refugee agency will need an approval from the Ministry of Social Affairs before registering any Syrian national as a refugee. The minister also said the government would encourage "refugees to return home or to go to any other country by all possible means.” The plan also calls for dropping the refugee status of anyone who set foot on Syrian territory.
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The politics of Lebanon: The state that didn’t fail—yet
Lebanon is, like other Arab states, a sectarian patchwork. Its Sunnis share the fury of their Syrian co-religionists against the regime of President Bashar Assad; and its Shia share the fears of the minorities that support Syria’s government. Yet Lebanon did not fall into the abyss when Hizbullah, the Shia party-cum-militia, entered the war to prop up Mr Assad. It survived when Syria’s mainly Sunni rebels used northern Lebanon as a transit route for their arms. It has kept going despite the influx of more than 1m Syrian refugees, now a fifth of the total population.
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Lebanon to get Saudi-financed arms soon
Lebanon's army will soon receive military equipment as part of a $1 billion grant from Saudi Arabia to help it fight Islamist militants encroaching into Lebanon from Syria, former Prime Minister Saad al-Hariri said on Tuesday.
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Lebanon to get Russian helicopters, air defense: report
Lebanon is considering using a Saudi grant to buy much needed weapons and equipment from Moscow to bolster its Army amid a jihadist threat, Interior Minister Nouhad Machnouk has said. “There are talks on buying Russian arms and special equipment by Lebanon,” the World Tribune quoted Machnouk as saying during his visit to Moscow in late September to discuss weapons supplies to Lebanon’s Internal Security Forces.
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Saudi Arabia waiting on new president for $3B grant to Lebanon
The arms deal is “not advancing.”
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