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UK PM Boris Johnson Speaks with Crown Prince Mohammed Bin Salman after March Visit
- April 26,2022
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- SUSTG Team
Just weeks after visiting Saudi Arabia and the UAE as part of a diplomatic push to align Western interests with that of Gulf allies, British Prime Minister Boris Johnson held talks via telephone on Monday with Saudi Crown Prince Mohammed bin Salman to discuss the dire situation in Ukraine and other matters.
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Oil Drops Below $100 as Higher Oil Prices Seen as Boon for Saudi Economy
- April 25,2022
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- SUSTG Team
Oil dropped at the start of the week below $100 as worry over a spreading Covid-19 outbreak in China might impact consumption even further, according to Bloomberg.
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Scratching the surface on the issues affecting U.S.-Saudi relations today + much more – The 966 Episode 36
- April 22,2022
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- SUSTG Team
Episode 36! The hosts scratch the surface on some issues affecting U.S.-Saudi relations – both now and in the past – and talk about the status of the U.S.-Saudi relationship today. First, the hosts talk about a recent op-ed by Prince Turki al-Faisal, ‘America should laugh with the Kingdom, not scowl’, amid U.S. media criticism […]
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New Rules Build on Saudi Efforts to Eliminate Use of Islamic Charities for Extremist Funding
- April 21,2022
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- SUSTG Team
New rules from the Saudi government have been put in place to make it harder for charities in Saudi Arabia to become donators to extremists causes both inside and outside of the Kingdom, according to a report. The Saudi Public Prosecution has banned the establishment of private websites to collect donations for charitable work outside the kingdom, in […]
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Saudi Stock Market Continues Hot Streak, is Sixth Strongest Globally in 2022
- April 19,2022
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- SUSTG Team
Saudi Arabia’s benchmark index, the Tadawul All Share Index (TASI), is the sixth best performing globally “and gains may not be over yet,” analysts and fund managers believe, according to Bloomberg.
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Saudi Arabia’s Stock Market to Launch Single-Stock Futures Trading Soon
- April 18,2022
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- SUSTG Team
Saudi Arabia’s stock exchange will launch single-stock futures (SSFs) trading soon in an effort to boost liquidity on the market, the CEO of the Tadawul Mohammed Al-Rumaih told a local source, according to Arab News.
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Saudi foreign policy, globalization, and the ‘shrapnel’ from Russia’s invasion of Ukraine with Afshin Molavi from Johns Hopkins SAIS
- April 15,2022
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- SUSTG Team
Episode 35 of The 966 includes a terrific conversation with author, thought leader, and emerging markets expert Afshin Molavi, Senior fellow at the Foreign Policy Institute of the Johns Hopkins University School of Advanced International Studies (SAIS), and founder and editor of the Emerging World newsletter (eworld.substack.com). The hosts talk with Afshin about his recent piece, ‘Putin’s […]
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U.S. Navy Announces New Multinational Task Force to Patrol Red Sea off Yemen Coast
- April 14,2022
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- SUSTG Team
The U.S. Navy on Wednesday said it was establishing a new multinational task force that would target arms and other smuggling in the waters around Yemen, in a show of support for Saudi Arabia and the UAE with American power after persistent Houthi attacks.
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Saudi Arabia, Kuwait Invite Iran to Offshore Talks, SPA Says
- April 13,2022
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- SUSTG Team
Saudi Arabia and Kuwait invited Iran on Wednesday to hold negotiations to determine the eastern limit of a joint, energy-rich, offshore area, according to a report in Reuters, which cited the Saudi state-news agency SPA.
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In Speech, Head of Yemen’s New Presidential Council Rashad Al-Alimi Pledges Peace
- April 11,2022
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- SUSTG Team
The head of Yemen’s new presidential council Rashad Al-Alimi said on Friday he would end the war with a commitment to a peace process, in his first speech since power was delegated to the body by the Saudi-backed president this week, according to Reuters.
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MUST-READS
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Smallheer Participates in Launching Saudi Arabia’s First NP Program
When the Kingdom of Saudi Arabia decided it was time to expand their health care system to include nurse practitioners (NPs), they sought an international team of nurse educators to help them get started. Benjamin Smallheer, PhD, RN, ACNP‐BC, FNP-BC, CCRN, CNE, associate professor, is one of those educators.
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Saudi Arabia dominates startup investment sector during May
Wassim Basrawi, the managing director of Wa’ed, the entrepreneurship arm of Saudi Aramco, told Arab News: “It is not surprising that venture capital deal making is picking up in the Saudi market. We’ve been observing that now for months as the Kingdom emerges from (the coronavirus disease) COVID-19 pandemic.”
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How Saudi Arabia is charting a path to food security
Smart agriculture in Saudi Arabia means shifting the focus toward crops that require relatively less water and finding alternatives to water-intensive farming. Thus, farming of thirsty grains such as wheat has been largely transferred to water-rich Sudan, while local farmers are encouraged to concentrate on water-conserving approaches such as the greenhouse production of fruits and vegetables.
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Saudi Arabia Has Embarked on a Multibillion-Dollar Cultural Partnership With Greece
“As Saudi Arabia’s cultural transformation continues at pace, we welcome closer relations with our Greek friends,” Prince Badr told Saudi state media after the announcement. “Both our countries have a deep and rich heritage stretching back millennia, and a shared outlook on the positive power of cultural exchange and the need for its protection and preservation.”
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Saudi Arabia’s KBW Ventures invests in French plant-based food startup
KBW Ventures, the company founded by Saudi Arabia’s Prince Khaled bin Alwaleed bin Talal Al-Saud, has invested in French food technology startup Furahaa Group, the firm’s first investment in the European country.
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Saudi Arabia’s BinDawood reports ‘tough start’ to year as profit falls
Bindawood Holding operates 74 stores across the kingdom – 51 of which are hypermarkets and 23 supermarkets – under the Bindawood and Danube brands. The company said revenue was stronger in the corresponding quarter last year as there was a one-off gain from people stocking up in March ahead of anticipated lockdowns. Moreover, its stores in Makkah and Madinah were fully operational for the entire first quarter of last year but had some pandemic restrictions in place this year.
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Turkey Seeks Saudi Arabia Talks as Part of Regional Reset
Turkish Foreign Minister Mevlut Cavusoglu’s visit to Saudi Arabia would be the first since the 2018 murder of columnist Jamal Khashoggi at the kingdom’s consulate in Istanbul, according to people familiar with the matter. The visit, which is likely to take place on May 11, comes after Turkey’s President Recep Tayyip Erdogan and Saudi King Salman bin Abdulaziz discussed ways to improve relations in a phone call on Tuesday.
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Saudi Arabia’s intelligence chief meets with Syrian counterpart in Damascus
London-based Rai al-Youm news outlet reported that Gen. Khalid al-Humaidan’s met with Syrian President Bashar al-Assad and his trusted intelligence chief Ali Mamluk to discuss restoring diplomatic ties after the Eid al-Fitr holiday later this month.
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Saudi Arabia could be best MENA start-up ecosystem within two years, investment expert says
Saudi Arabia could emerge as the number one start-up ecosystem in the Middle East and North Africa (MENA) region in the next two years, once the country establishes its proposed free zones for promotion of various sectors, a leading investment expert said. A friendlier regulatory framework for company registration in the country can further bolster the Kingdom’s attractiveness to foreign investors and start-up founders.
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IMF: Staff Concluding Statement of the 2021 Article IV Mission to Saudi Arabia
The authorities responded quickly and decisively to the COVID-19 crisis and the economic recovery that is underway is expected to continue. The government’s policies should deliver needed fiscal consolidation over the medium-term, although a slower pace of adjustment could be considered this year to provide further support to the recovery.
- Saudi Gazette - IMF: Saudi GDP to grow 2.1% in 2021, 4.8% in 2022
- Reuters - Saudi Arabia could ease fiscal adjustment to help recovery, IMF says
- S&P Global - Saudi Arabia's real oil GDP growth to contract in 2021: IMF
- Bloomberg - IMF Sees Saudi Non-Oil Growth Rebounding as Economy Recovers
- Arab News - Vision 2030 reforms fuel Saudi recovery from coronavirus pandemic, IMF says
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