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New Saudi Ministers of Investment, Sports and Tourism Sworn In by King Salman
- February 26,2020
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- SUSTG Team
The new Saudi ministers of sports, tourism and investment were sworn in on Wednesday before Custodian of the Two Holy Mosques King Salman bin Abdulaziz.
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Saudi Cabinet Shakeup Places Khalid Al-Falih in Charge of New Investment Ministry
- February 25,2020
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- SUSTG Team
Saudi Arabia has shaken up its government investment bodies with a major change to SAGIA, the Saudi Arabian General Investment Authority, making the body a full ministry and replacing former Governor Ibrahim Al-Omar with former Saudi Aramco head Khalid Al-Falih, the King revealed in a series of royal decrees. In three separate royal orders, Eng. Ibrahim bin […]
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Saudi Aramco Plans to Invest $110 Billion to Develop Unconventional Gas Reserves in Saudi Arabia’s Jafurah field
- February 24,2020
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- SUSTG Team
Saudi Aramco plans to invest a whopping $110 billion to develop unconventional gas reserves in Saudi Arabia’s Jafurah field, the state news agency SPA said on Friday.
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Saudi Arabia and Kuwait Agree to Resume Oil Production from Neutral Zone Fields
- February 14,2020
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- SUSTG Team
Saudi Arabia and Kuwait will resume joint production at two oilfields from a shared neutral zone between the countries, according to Bloomberg, ending a five-year dispute that sidelined production from the area.
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Weaker Demand for Oil as Coronavirus Spreads, Pushing Prices Down
- February 12,2020
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- SUSTG Team
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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Saudi Aramco Sees Increased Number of Cyberattacks since Late 2019
- February 10,2020
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- SUSTG Team
Saudi Aramco has seen an increase in attempted cyber attacks since the final quarter of 2019 and has successfully repelled all of them so far, according to a Reuters report, which cited comments from an interview with chief information security officer Khalid al-Harbi.
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Saudi Arabia’s 2018 CO2 Emissions Fall Faster Than Expected
- February 4,2020
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- SUSTG Team
Latest data for the year of 2018 show that emissions in Saudi Arabia have fallen significantly for the first time, down 4.4% or 26 million tons, according to researchers at the King Abdullah Petroleum Studies and Research Center (KAPSARC).
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Report: Saudi Arabia Pushing for a ‘Major, Short-Term Oil Production Cut’
- February 3,2020
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- SUSTG Team
OPEC and its allies are “considering cutting their oil output by a further 500,000 barrels per day (bpd)” with eyes on mitigating the impact on oil demand from the coronavirus, Reuters and the WSJ report.
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Report: Saudi Air Defenses Repel Latest Houthi Missile, Drone Strikes at Oil Facilities
- January 30,2020
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- SUSTG Team
Rocket and drone strikes fired by Iran-backed Houthi rebels at Saudi targets last week – including at Aramco oil facilities – were successfully shot down by Saudi air defenses, according to the Wall Street Journal which cited Saudi officials.
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Saudi Aramco Makes $5 million Investment in Blockchain-Based Oil Trading Company VAKT
- January 28,2020
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- SUSTG Team
Saudi Aramco Energy Ventures (SAEV) has invested $5 million into blockchain-based oil trading company VAKT, the company said in a press release.
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MUST-READS
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Syria after the fall of Kabul: A European perspective
A certain unease has gradually set in between Washington and European capitals still concerned with the Syrian issue. There are several sources for this. Syria does not constitute a priority for the Joe Biden administration, which has sent mixed signals about implementing Caesar Act sanctions. As of September 8, the administration has shown willingness to grant waivers that would allow the transit of Egyptian gas to Syria at a profit for Lebanon.
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Saudi artist lands prestigious, UK museum-sponsored contemporary art prize
Saudi artist Ajlan Gharem on Wednesday won the sixth edition of the prestigious Jameel Prize, a leading award for contemporary art and design inspired by Islamic tradition.
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Bumpy autumnal ride ahead for emerging market currencies: Reuters poll
Most emerging market currencies were forecast to weaken or at best cling to a range over the next three to six months as U.S. stimulus withdrawal could push investors to shun the currencies coined the "fragile five" as they did in 2013. These include the currencies of Brazil, India, Indonesia, Turkey and South Africa.
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Avril Haines: US intelligence chief intervenes to block state secrets in Saudi Crown Prince’s feud with former Saudi official
"Assertion of state secrets privilege is a formal regimented process that is taken very seriously," said Jason Klitenic, who followed Litt as general counsel for ODNI and left early last year. "The government does not take it lightly."
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Beyond Oil – What Can The Middle East Offer To European Startups?
Just another deal, you might think. But there is a bigger picture here. Abu Dhabi is currently seeking to position itself as a magnet for overseas companies, including startups from Europe and the United Kingdom. To do so, it is offering a range of incentives to attract suitable candidates.
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Egypt to make oldest Islamic capital in Africa into open museum
The Egyptian government announced on Aug. 23 that Egypt seeks to breathe new life into the ancient city of Fustat — the oldest Islamic capital in Africa — by turning it into an open-air museum for visitors from across the world. The announcement came during a meeting between Prime Minister Mustafa Madbouly and officials in charge of the Fustat Gardens development project.
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Who’s Who: Mohamed Milyani, Saudi entrepreneur
Mohamed Milyani is founder and CEO of NQOODLET, a Saudi fintech startup targeting small and medium enterprises. He is also founder and managing partner of IT firm Waqood Tech. Moreover, he is a co-founder and consultant at Lucidya, the first platform of its kind in the Kingdom specializing in analyzing Arabic content on social media platforms.
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EU to recommend reinstating Covid-related travel restrictions on US, reports say
he European Union is expected to recommend on Monday that member states reinstate Covid-related travel restrictions and halt nonessential travel from the United States and five other countries, a diplomatic source told CNN on Monday. The EU would reestablish coronavirus travel restrictions such as quarantine and testing requirements for unvaccinated travelers from those countries, according to the source.
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Iran’s Mega Gas Find Could Become Major Supply Source For EU
According to the report, the Chalous deposit is the second-largest natural gas find in the Caspian Sea, after Alborz, holding reserves equal to 11 phases of South Pars—the world's largest natural gas field, offshore Iran, which the country shares with Qatar. This would make Chalous the tenth-largest natural gas deposit in the world.
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Saudi Arabia to unveil tech initiatives for programmers and entrepreneurs
Saudi Arabia, Opec’s top oil exporter, is trying to develop its technology sector and boost its digital economy. The kingdom regards digital transformation to be among the central pillars of its Vision 2030 agenda that aims to cut its dependence on oil.
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