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Strong U.S., Saudi Arabia Security Alliance Evident in Latest SIPRI Annual Report
- March 13,2020
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- SUSTG Team
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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Saudi-Russia Still in Communication on Oil Policy; Former Minister Al-Falih Speaks with Russia’s Novak
- March 10,2020
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- SUSTG Team
Saudi Arabia and Russia dug in on the potential for an oil price war on Tuesday, with each indicating they are willing and able to open the spigots after the two sides failed to reach an agreement on supply curbs which sent global markets to major losses, according to reports. On Tuesday, the Kingdom’s state-run Saudi Arabian […]
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Global Markets Plummet as Saudi, Russia Fail to Agree on Oil Supply
- March 9,2020
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- SUSTG Team
After the OPEC+ countries failed to come to an agreement on oil prices, Saudi Arabia dramatically cut its export prices over the weekend, creating the largest single-day oil price drop since the start of the Gulf war in 1991, according to reports.
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Saudi Ambassador to the U.S. Princess Reema bint Bandar Visits Wyoming, Gives Interview to Local Paper
- March 6,2020
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- SUSTG Team
Saudi Ambassador to the United States HRH Princess Reema bint Bandar Al-Saud visited the U.S. state of Wyoming this week and sat down with the local news outlet, the Wyoming Tribune Eagle, to talk about her visit to the state, the state of women’s rights in Saudi Arabia and the potential for business partnerships in Wyoming.
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Report: Saudi Plans $6bn Surge in Mortgage Refinancing
- March 5,2020
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- SUSTG Team
Saudi Arabia’s first mortgage refinancing firm “aims to raise its holdings of home-loan portfolios by 10 times this year,” Bloomberg reports, as the Kingdom’s Saudi Housing Minister said that Saudi’s first mortgage refinancing firm plans to buy more than SAR 23 billion ($6.1 billion) of mortgage portfolios from banks in 2020.
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Saudi Arabia Postpones Red Sea Festival, Takes Other Precautions Against COVID-19
- March 4,2020
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- SUSTG Team
Saudi Arabia is taking unprecedented steps to curb the spread of the Coronavius, or COVID-19, in the Kingdom, announcing that it would suspend the upcoming Red Sea Film Festival after announcing a suspension of the Umrah religious pilgrimage for its citizens and residents.
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For Saudi Arabia’s Red Sea Projects, Protecting the Natural Wonder of Sea and Sky a Priority
- March 3,2020
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- SUSTG Team
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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Saudi Arabia launches Y20 summit as a Platform Connecting Youths with G20 leaders
- March 2,2020
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- SUSTG Team
Saudi Arabia launched the Y20 (Youth 20) summit on Sunday evening, a platform which seeks to bring youth voices to international decision-makers.
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Saudi Arabia takes cautious approach on Coronavirus as Kingdom suspends entry for Umrah pilgrimage, tourism
- February 27,2020
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- SUSTG Team
Saudi Arabia has temporarily suspended arrivals by foreigners for the Umrah pilgrimage and tourists from two dozen countries where the new coronavirus has spread, according to a report in Reuters, in hopes that the Kingdom might stay head of the looming threat of a pandemic.
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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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Trump administration considering granting Saudi prince legal immunity for alleged assassination plot, sources say
The Trump administration is considering granting Saudi Crown Prince Mohammed bin Salman legal immunity from a federal lawsuit alleging that he ordered an assassination squad to kill a former top Saudi intelligence official who shared information with the US, according to sources familiar with the situation.
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Trump administration weighing legal immunity for Saudi crown prince in alleged assassination plot
The Saudi government has asked that the prince be shielded from liability in response to a complaint brought by Saad Aljabri, a former Saudi counterterrorism leader and longtime U.S. intelligence ally now living in exile in Canada. A State Department recommendation could also lead to the dismissal of the prince as a defendant in other cases recently filed in the United States, including ones accusing him of directing the death and dismemberment of dissident journalist Jamal Khashoggi in 2018; and of targeting a hack and leak operation to discredit an Al Jazeera news anchor, Ghada Oueiss, in retaliation for her critical reports on Mohammed and the crown prince of the United Arab Emirates.
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Oman’s Diplomatic Moves in Syria
Since Sultan Qaboos’ ascendance to the throne in 1970, Muscat has never severed diplomatic relations with any country in the world. This is part of an Omani ethos and national character that emphasize the need to maintain healthy dialogue and diplomatic relations with all governments.
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Top Saudi diplomat on 1st Sudan visit since al-Bashir ouster
Saudi Arabia’s foreign minister arrived in Khartoum on Tuesday, Sudan’s state-run news agency reported, the first visit by the kingdom’s top diplomat since Sudan’s military overthrew former autocratic President Omar al-Bashir last year. Shortly after landing at Khartoum’s international airport, Saudi Prince Faisal bin Farhan was received by Sudan’s acting Foreign Minister Omar Qamar al-Din, SUNA reported. The report said Prince Faisal’s visit would “activate deals” between Khartoum and Riyadh, without elaborating.
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Average wage for Saudi government employees is $3,133 according to official statistics
Regarding the average wage for Saudi government employees, the report said the average wage is 11,754 riyals, while the average wage for Saudis working in the private sector is 6,456 riyals, and overall, the average wage for Saudis working in the government and private sector is 7,146 riyals.
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120% rise in female employees in Saudi industries, MODON says
The Saudi Authority for Industrial Cities and Technical Zones (MODON) revealed that the number of Saudi women working in the industrial cities it oversees increased by nearly 120 percent, reaching 17,000 female workers by the end of March this year. Khalid Al-Salem, director general of MODON, said that the authority “has come a long way” and is still striving toward women’s empowerment in the industrial sector.
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Saudi-led coalition says destroyed explosive drone from Yemen Houthis
A Saudi-led coalition fighting in Yemen said on Monday it had intercepted and destroyed an explosive-laden drone launched towards the kingdom by Yemen’s Houthi group, in a statement carried by Saudi state news agency SPA. The coalition said the drone had been aimed at civilian targets in the south of the country.
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UAE finds its voice within OPEC, complicating oil diplomacy
The United Arab Emirates came out of OPEC heavyweight Saudi Arabia’s shadow this week by demanding better adherence with oil supply cuts, effectively delaying the latest strategy decision by OPEC and its allies by a few days, sources told Reuters.
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Explosion Rocks Greek-Operated Tanker in Saudi Port
An explosion rocked a Greek-operated oil tanker docked at Saudi Arabia's port of Shuqaiq on Wednesday, Greek officials said, in an attack that a Riyadh-led military coalition blamed on Yemeni rebels. The blast on the Maltese-flagged Agrari tanker follows a string of attacks by the Iran-linked rebels on Saudi oil infrastructure, highlighting the growing perils of a five-year military campaign led by the kingdom in Yemen.
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