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Saudi Arabia Expands Preventative COVID-19 Travel Restrictions as Some Analysts Praise Kingdom’s Response
- March 20,2020
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- SUSTG Team
Saudi Arabia continued to expand rules and regulations to prevent the spread of COVID-19 in the Kingdom and King Salman gave a rare speech to address the Saudi public on Friday, as the world seeks to stop the spread of the deadly virus and calm global markets.
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Saudi Arabia’s SAMA Launches First Licenses for Non-Bank Financial Institutions in Line With Financial Sector Development Program Goals
- January 31,2020
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- SUSTG Team
The Saudi Arabia Monetary Agency (SAMA) announced the launch of licenses for non-bank financial institutions, a news release on its website said, issuing the first licenses for an electronic wallet company and the first license for a payment services company in the Kingdom.
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Saudi Non-Oil GDP Rises as Vision 2030 Reforms Kick In
- January 2,2020
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- SUSTG Team
Economic indicators from the month of November show a continued positive trend for Saudi Arabia, with non-oil GDP surging and credit to the private sector rising to the highest rise in 3 years, Jadwa Investment said.
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Range of ‘Positive Developments’ Seen in Latest Saudi Economic Data for August 2019
- October 1,2019
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- SUSTG Team
Economic data for Saudi Arabia for the month of August revealed a number of “positive developments” in several areas, according a recently-released monthly chartbook report by Jadwa Investment. The Riyadh-based bank noted that POS transactions rose by 18 percent year-on-year, while non-oil PMI index edged up, and cement sales and production rose by 12 percent and […]
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Saudi Foreign Reserves Continue Climb, Non-oil PMI Index at Highest Since December 2017
- July 1,2019
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- SUSTG Team
The recently-released Jadwa Investment report on the Saudi economy found a positive picture developing for the Kingdom, with economic data positive in May with the non-oil PMI index reaching its highest reading since December 2017. The Kingdom also continued adding to its foreign reserves accounts. SAMA FX reserves rose by $12 billion month-on-month to stand at $517 […]
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Saudi-led Coalition in Yemen Announces Capture of Islamic State Leader in Yemen
- June 26,2019
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- SUSTG Team
Saudi special forces, with assistance from the United States, have captured the leader of the Yemeni branch of the Islamic State militant group, according to the Saudi-led military coalition fighting in Yemen and reported in Reuters. The leader, Abu Osama al-Muhajer, as well as other members of the organization including its chief financial officer, were […]
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‘Signs of Life’ in the Saudi Economy as Indicators Point to Improvements, Growth
- May 2,2019
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- SUSTG Team
Recently-released monthly data show signs of life in Saudi Arabia’s economy, the Arab world’s largest, according to reports. Jadwa Investment’s monthly chartbook for May 2019 shows “marginal economic improvements” with a surge in POS transactions by 19 percent year-on-year and mild improvement in the Kingdom’s non-oil PMI index in March. The Kingdom also saw a net monthly […]
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Inflows Surge as Tadawul Upgrades to Inclusion in FTSE Russell and S&P Dow Jones Emerging Market Indices
- March 18,2019
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- SUSTG Team
Saudi Arabia’s stock exchange, the Tadawul, began the first phase of inclusion into the FTSE Russell and S&P Dow Jones Indices (S&P DJI), which is expected to lead to billions in inflows into the country and represent a milestone for Saudi authorities as the country continues to open up to investment. Inclusion of Saudi Arabia into the FTSE Russell […]
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Saudi Society Debates Keeping Shops Open during Prayer Times ahead of Shoura Consideration
- March 4,2019
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- SUSTG Team
A debate is raging on social media in Saudi Arabia about whether the Kingdom should continue to require by law the closing down of all shops, malls, restaurants, gas stations, and even hospitals during the call for adhan (Islamic prayer) and throughout prayer time, according to media reports. According to Gulf News, Yahya Al Samaan, assistant president of […]
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December Economic Data Shows Slight Cooling but Non-Oil Exports Grow, Jadwa Says
- February 6,2019
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- SUSTG Team
The latest monthly economic chartbook released by Jadwa Investment found a cooling in some key economic data points, although the Saudi stock market soared by 10% in January as oil prices rose. The Riyadh-based Jadwa’s report found that POS rose by 10 percent while cash withdrawals were flat, and non-oil PMI index was marginally down […]
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MUST-READS
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Women in the WorkforceSamar Saleh: First Saudi woman to be appointed commercial attaché
Minister of Commerce and Investment Dr. Majed Bin Abdullah Al-Qasabi has appointed Samar Bint Mazin Saleh as commercial attaché at the Saudi Commercial Attache’s Office in Tokyo.
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RemittancesSAMA: Expat remittances drop 6.74%
Remittances abroad by expatriates in the Kingdom have dropped 6.74 percent last year compared to the previous year, according to the Saudi Arabian Monetary Authority (SAMA).
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Osama Bin LadenPerspective: Osama bin Laden still matters. Islamic State leader Baghdadi not so much.
Baghdadi’s greatest achievement was the capture of physical territory he dubbed the Islamic State, but with that mostly gone, so goes his legacy. Bin Laden, on the other hand, will always be known as the man who took violent radical Islam and spread it across the world.
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Osama Bin Laden FilesAnalysis: CIA releases massive trove of Osama bin Laden’s files
The CIA is releasing hundreds of thousands of documents, images, and computer files recovered during the May 2011 raid on Osama bin Laden’s compound in Abbottabad, Pakistan. The newly-available material provides invaluable insights into the terrorist organization that struck America on September 11, 2001.
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Al-QaedaOsama Bin Laden’s son attacks Saudi Arabia in video message as he ‘spearheads al-Qaeda revival’
Hamza Bin Laden has released a number of threatening videos and audio recordings over the past two years, in a voice characterised by the Washington Post as “vintage Osama bin Laden”.
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AfghanistanAfghan official: ISIS moves to seize Osama bin Laden’s hideout
Islamic State fighters captured some territory around Tora Bora, the former stronghold of Osama bin Laden in Afghanistan's eastern Nangarhar province, officials said Wednesday.
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Osama bin LadenOsama bin Laden’s family on the run: ‘I never stopped praying our lives might return to normal’
n 10 September 2001, Osama bin Laden’s wives were ordered to pack one suitcase each. No one would say why, only that their husband wanted to move them and his youngest children away from Kandahar.
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Al-QaedaOsama bin Laden’s son Hamza urges overthrow of Saudi rulers
A son of Osama bin Laden, al-Qaida’s slain founder, has urged Saudis to overthrow the kingdom’s rulers to free themselves from US influence, the terrorism-monitoring company Site Intelligence Group has said.
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Mohammed Al-MasriHe’s the son of Osama bin Laden’s bombmaker. Then ISIS wanted him as one of their own.
Masri is among the few who can claim to have spent significant time at al-Qaeda’s camps in Afghanistan as well as in the dystopian Islamic State capital of Raqqa in northern Syria — and the only person so far to emerge from those experiences and speak about them in detail.
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Al-QaedaEx-Guantanamo detainee discusses his life with Osama bin Laden
The 15th issue of Al Qaeda in the Arabian Peninsula’s (AQAP) Inspire magazine, which was released online on May 14, features two pieces on Ibrahim al Qosi’s life with Osama bin Laden.
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