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Recent stories from sustg
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Saudi Stock Exchange Tadawul Plans to Launch Single Stock Futures on July 4
- June 27,2022
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- SUSTG Team
Saudi Arabia’s stock exchange, the Tadawul, said it plans to launch single stock futures on July 4, “which will enable local and international investors to hedge and manage portfolio risks more effectively,” Reuters reports.
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The criticism, drama, and opportunities surrounding President Biden’s confirmed visit to Saudi Arabia, an economic victory lap, and more…
- June 17,2022
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- SUSTG Team
Episode 48 🚀 The 966 hosts talk about a new report from Saudi Arabia’s Investment Ministry that highlights all the gains in the Saudi economy recently, including an impressive start to 2022 GDP with 9.9% growth in Q1. Then the hosts discuss President Biden’s now confirmed visit, and all of the drama surrounding it…then the […]
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List of Top Names Committing to New Saudi-Backed LIV Golf Tour Grows as Johnson, Mickelson, Fowler Leave PGA
- June 7,2022
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF)-backed new golf tour will, after all, attract some of the biggest names in the sport to commit to its new rival league to the established PGA Tour as several top names commit to play in the startup series.
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Biden Administration Negotiating Deal for Islands Transfer that May Lead to Normalized Relations between Saudi Arabia and Israel – Report
- May 24,2022
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- SUSTG Team
The Biden administration has been quietly mediating talks between Saudi Arabia, Israel and Egypt on negotiations “that, if successful, could be a first step on the road to the normalization of relations between Saudi Arabia and Israel,” an exclusive report in Axios said.Â
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Saudi Arabia’s Non-Oil Private Sector Continued to See ‘Robust Growth’ in April
- May 9,2022
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- SUSTG Team
Saudi Arabia’s non-oil private sector continued to see “robust growth” in April, Reuters reports, citing the headline seasonally adjusted S&P Global Saudi Arabia Purchasing Managers’ Index (PMI) which stood at 55.7 for the month.Â
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Dr. Mohammed Alhajji, Director of Behavioral Insights with Saudi Ministry of Health Joins The 966 to talk about his career and journey as a Saudi student in the USA
- May 3,2022
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- SUSTG Team
The 966 welcomes onto the show Dr. Mohammed Alhajji, Director of the Behavioral Insights and Nudge Unit at Ministry of Health Saudi Arabia, and co-founder of SaudiGenome, onto the program to discuss his journey as a Saudi student in the United States for 15 years and his work now in Saudi Arabia for the ministry.
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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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Saudi Economy to Grow Fastest in Over a Decade in 2022; IMF Raises 2022 Forecast to 7.6%
- April 20,2022
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- SUSTG Team
Forecasters are raising estimates on Saudi economic growth for 2022 as higher oil prices persist while non-oil output growth exceeds expectations, according to reports.
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Global Entrepreneurship Congress in Riyadh Attracts $600m in Investment Announcements
- March 29,2022
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- SUSTG Team
The Global Entrepreneurship Congress, a conference gathering investors, policymakers and community leaders from around the world to focus on the startup space, is underway in Riyadh with big announced investments into the important sector for the Kingdom’s diversification goals.Â
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Saudi Aramco to Invest Doubled Profits, with a Focus on Upstream
- March 22,2022
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- SUSTG Team
Saudi Aramco said its 2021 net profit more than doubled to $110 billion, in what amounts to a significant boost to the Kingdom’s economy as it seeks to continue ahead with Vision 2030 economic and social reforms.Â
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MUST-READS
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Saudi, UAE foreign ministers take part in GCC-China dialogue
The discussion focused on joint relations between the GCC countries and China, and ways to enhance and develop them. China is one of the GCC’s most prominent trading partners with trade surging by ten fold — from about $16.3 billion in 2001 to about $167.7 billion in 2018 — and with the signing of the China-Gulf free trade agreement which will promote strategic cooperation and partnership.
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Saudi Arabia May Soon Approve Experimental Covid-19 Vaccine By China’s Sinovac Biotech
As the last two months of 2020 continue in more or less the same spirit as the months before, marked by various preventive and safety measures to curb the spread of COVID-19, from social distancing to rigorous population-wide testing, Saudi Arabia may be on the verge of returning to normalcy once again as a vaccine by China’s Sinovac Biotech awaits approval by the Saudi Food and Drug Authority. The virus has passed the third stage clinical trials and the Kingdom’s renowned King Abdullah International Medical Research Center (KAIMRC) has already signed an agreement with Sinovac to receive the vaccine.
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China Guzzles Saudi Arabian Oil While Riyadh Keeps U.S. Flow Low
Last month, the kingdom directed at least 1.8 million barrels a day of crude oil to China, the highest deliveries since a surge in buying back in April and May when prices crashed, tanker-tracking compiled by Bloomberg shows. Meanwhile, daily exports to the U.S. slumped to a paltry 97,000 barrels.
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Australia no longer sending Navy to the Middle East, shifts focus to Asia-Pacific, China
That means around 30 years of Australian maritime operations in the Middle East — largely focussed on counter-terrorism and counter-piracy operations — will soon come to an end. In a statement, Senator Reynolds said the Government's priorities had shifted.
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Perspective: As the US Slumps Away, China Subsumes African Security Arrangements
In 1999, two Chinese People’s Liberation Army colonels wrote Unrestricted Warfare, a book on the military strategy needed to defeat a technologically superior adversary like the United States. The critical insight was that the global infrastructure of U.S. dominance could be infiltrated and gradually converted into what they called “new concept weapons” against U.S. power. In this model of warfare, as China rose, Great Power competition would not take place, as the U.S. would simply fail to compete.
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China, Russia and Saudi Arabia set to join UN human rights council
Donald Trump withdrew the US from the council two years ago, which campaigners say has strengthened the authoritarian view that human rights should be measured through the prism of economics as opposed to individual freedom. Although human rights groups are often critical of the council, they say it provides a rare platform for NGOs to directly confront repressive regimes.
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China’s Building Mega Refineries Just as Fuel Demand Stalls
At least four projects with about 1.4 million barrels a day of crude-processing capacity, more than all refineries in the U.K. combined, are under construction. That’s after the country already added 1 million barrels since the start of 2019. All that capacity will add more petroleum products and plastics just as China National Petroleum Corp. sees fuel demand peaking in 2025 as electric vehicles sap consumption.
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New Silk Roads: The U.A.E.’s Careful Balance of its Business, Trade, and Investment Relationship with China
For its part, the U.A.E. is studiously trying to navigate the shoals of the great power competition between the U.S. and China. This report attempts to draw out the key highlights of the history of the U.A.E. trade and investment relationship with China, while also demonstrating that the U.A.E. still sees the U.S. as its most important strategic partner even as the economic relationship with China broadens.
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U.S. Boosts Crude Sales to China, Forcing Saudis to Find Other Markets
The U.S. is quickly ramping up oil sales to China, the world’s biggest importer, forcing traditional suppliers in the Mideast to look for new markets or hold on to their crude in an already oversupplied world. The U.S. accounted for 7% of Chinese crude imports through mid-September, according to London-based market intelligence firm Vortexa Ltd—up from 0.4% in January. Meanwhile, market share for Saudi Arabia, China’s biggest traditional supplier, fell to 15% from 19% in the same period. Based on recent tanker data, U.S. exports to China are expected to reach as much as 700,000 barrels a day at the end of October, forecasts Virginie Bahnik, a senior analyst at Geneva-based Petro-Logistics SA.
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UN General Assembly: US-China tensions flare over coronavirus
The new format meant some of the geopolitical theatre normally on offer at the key UN meeting was absent. Each country was represented by a single delegate and there was little opportunity for one nation to rebut another.
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