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Saudi Arabia Sees a Boom in the Kingdom’s Freelancer Workforce
- August 23,2021
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- SUSTG Team
The number of freelance workers in Saudi Arabia is growing quickly as the Kingdom’s economy continues to recover from the pandemic, according to fresh data from the Ministry of Human Resources and Social Development.
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Kingdom’s Sights Remain on Renewables as Energy Ministry Allocates Land Plots for Solar
- August 20,2021
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- SUSTG Team
Saudi Arabia’s Ministry of Energy is building two renewable energy plants on land plots with a total area of 12 million square meters (4.6 square miles) to generate 600mw of energy, according to Zawya via the Saudi Press Agency. The two announced plans fit into the Kingdom’s ongoing solar and renewable power ambitions. Saudi Arabia […]
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Cementing End of Rift, Qatar Appoints Ambassador to Saudi Arabia
- August 12,2021
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- SUSTG Team
Qatar’s Emir Sheikh Tamim bin Hamad al-Thani on Wednesday named an ambassador to Saudi Arabia, just weeks after the Kingdom named Prince Mansour bin Khalid bin Farhan to serve as the Saudi ambassador to Qatar.
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Fintech Saudi Releases National Fintech Adoption Survey Results in 5 Areas
- August 10,2021
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- SUSTG Team
Fintech Saudi, an initiative launched by the Saudi Central Bank (SAMA) in partnership with the Capital Market Authority (CMA), has announced the results of the National Fintech Adoption Survey, a first of its kind measurement in Saudi Arabia of the people’s interest in adopting fintech solutions.
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Saudi Aramco Posts Nearly 300% Jump in 2Q Profit on Soaring Energy Demand Recovery
- August 9,2021
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- SUSTG Team
Saudi Aramco generated a net income of $25.5 billion in the second quarter of 2021, beating expectations and boosting the company’s earnings to nearly quadruple its earnings from the same quarter last year. The income was a 288% increase in net income for the second quarter, and the company maintained its dividend of $18.8 billion.
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SABIC’s Profit Surges in 2Q Amid Booming Demand for Petrochemical Products
- August 5,2021
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- SUSTG Team
Saudi-based petrochemicals giant SABIC hit a $2 billion quarterly profit in the second quarter of this year as a healthy global demand for its products drove sales, according to reports. SABIC also said it expects this solid performance to continue in the second half of 2021, “backed by healthy demand and rising oil prices,” according to Reuters.
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Jadwa Chartbook: Oil Prices Continue Climb for Third Straight Month, Benefitting Saudi Economy
- August 2,2021
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- SUSTG Team
A third straight monthly gain for oil is benefitting the Saudi economy, as SAMA FX reserves rose in June by $8.8 billion month-on-month and the non-oil PMI was unchanged at 56.4, indicating continued growth, a recently-released monthly Chartbook by Jadwa Investment for the month of June notes.
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Saudi PPP to Invest $15 Billion in New Technology Fund – Report
- July 29,2021
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- SUSTG Team
A Saudi public-private partnership will launch a $15 billion technology fund “to advance the digital infrastructure in the Kingdom,” a report in Arab News said, based on an announcement at a conference in Riyadh on Wednesday.
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Ivory Coast beat Saudi Arabia 2-1 in Kingdom’s Olympic Soccer Opener
- July 22,2021
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- SUSTG Team
The Ivory Coast beat Saudi Arabia 2-1 in the Kingdom’s opening Olympic soccer match on Thursday in Yokohama, Japan. Ivory Coast’s Franck Kessie scored the go-ahead goal in the 66th minute in a disappointing start for the Kingdom’s Tokyo dreams. On the Saudi side, Salem Al-Dossari scored the Kingdom’s lone goal in the match.
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Saudi Startups Raise Over $250m So Far in 2021, Report Says
- July 19,2021
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- SUSTG Team
Dubai-based research platform Magnitt says Saudi Arabian startups raised more than a quarter of a billion dollars in venture capital (VC) funding during the first half of 2021, as the Kingdom looks to continue to develop entrepreneurship within its borders. Magnitt says that VC funding in MENA increased by 12% from FY’20, “marking a quarterly […]
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EgyptEgypt Primed for Emerging World’s Deepest Rate Cuts After Turkey
Egypt’s inflation eased in August to its lowest level since the start of 2013, paving the way for what could be the second-biggest push to cut interest rates across emerging markets.
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TurkeyTurkey plans to return 1 million Syrians, warns of new migrant wave in Europe
Turkey plans to resettle one million refugees in northern Syria and may reopen the route for migrants into Europe if it does not receive adequate international support for the plan, President Tayyip Erdogan said on Thursday.
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U.S.-TurkeyUS-Turkey ‘safe zone’ in Syria off to a good start, says Kurdish official
The creation of a so-called “safe zone” in northeastern Syria has gotten off to good start, with U.S.-backed Kurdish-led forces pulling back from a small, initial area along the Turkish border, a Syrian Kurdish official said — but calm can only prevail if Turkey also removes its troops.
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U.S.-TurkeyAnother Russian S-400 battery headed to Turkey beginning Tuesday
Turkey is to accept delivery of a second battery of Russian S-400 missile defenses beginning on Tuesday, Defence Minister Hulusi Akar said on Monday according to state-owned Anadolu news agency.
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SyriaWork begins on Syria safe zone to separate Turkey and US-allied Kurdish forces
Turkey’s defense minister said Saturday that military officials from Turkey and the United States have begun work to create a “safe zone” along its border in northeastern Syria. Turkey's official Anadolu news agency quoted Defense Minister Hulusi Akar as saying that generals from Turkey and the U.S. had begun work in a joint operations center in the Turkish province of Sanliurfa to set up the zone and that joint helicopter patrols were set to begin.
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U.S.-TurkeyTurkey’s Patriot offer dead after S-400 delivery
The Donald Trump administration automatically rescinded a $3.5 billion deal to sell Raytheon-produced Patriot missile defenses to Turkey after it received the Russian S-400 system in July, Al-Monitor has learned. The cancellation had previously not been reported.
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TurkeyKey Kurdish Mayors Expelled as Turkey’s Erdogan Increases Pressure on pro-Kurdish Movement
Turkish authorities have expelled the mayors of the three main cities in the predominantly Kurdish southeast, provoking protests and political condemnation. Their expulsion comes as Turkish forces are poised to launch a military operation against Syrian Kurdish militants.
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Turkey-SyriaTurkey Fires Kurdish Mayors Ahead of Military Push Into Syria
Turkey fired the elected mayors of three major Kurdish-dominated cities in the country’s southeast and detained more than 400 people in a crackdown as it prepares to push a Syrian Kurdish militia away from its border. The mayors of Diyarbakir, Mardin and Van were removed Monday for their alleged ties to the PKK, an autonomy-seeking Kurdish group classified as a terrorist organization by Turkey, the U.S. and the European Union. Police used water cannons to disperse hundreds of Kurdish protesters outside the mayor’s office in Diyarbakir, according to footage by Arti TV.
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TurkeyTurkey ‘strongly’ condemns air strike on its convoy in Syria
Turkey’s defence ministry “strongly” condemned an air strike on its military convoy heading through Syria’s Idlib province on Monday, which it said was a violation of agreements with Russia. “Despite repeated warnings we made to the authorities of the Russian Federation, the military operations by the regime forces continue in Idlib region in violation of the existing memorandums and agreements with the Russian Federation,” the ministry said in a statement.
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QatarTurkey building new military base in Qatar, says report
According to a Turkey’s pro-government Hurriyet daily news report, Ankara is expected to inaugurate a new Turkish military base in Qatar in autumn. The report says that the opening ceremony is expected to be attended by Qatari Emir Sheikh Tamim Bin Hamad Al Thani and Turkish President Recep Tayyip Erdogan.
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