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World Bank Sees Saudi GDP Growth to Increase to 1.9% in 2020, with More Growth Onward
- January 10,2020
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- SUSTG Team
The World Bank forecasted Saudi Arabia’s GDP growth will increase significantly in 2020, to 1.9%, compared with 0.4% in 2019, with further gains in subsequent years.
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Saudi Arabia launches third phase to build up solar power capacity, invites bidders for new projects
- January 9,2020
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- SUSTG Team
Saudi Arabia’s energy ministry has issued a request for qualifications for the third round of the Kingdom’s National Renewable Energy Program (NREP), which comprises of “four Solar PV projects with a combined generation capacity of 1,200 MW,” the Saudi Press Agency said.
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With Tensions Soaring, Saudi Arabia Keeps Eyes on Cyber Threat from Iran
- January 8,2020
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- SUSTG Team
As tensions soar between the United States and Iran, Saudi officials are keeping close tabs on emerging cybersecurity threats that may be emanating from the Islamic Republic, according to a report.
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Prince Khalid bin Salman Meets with President Trump at White House
- January 7,2020
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- SUSTG Team
Saudi Arabia’s deputy defense minister Prince Khalid bin Salman held several meetings with top U.S. officials yesterday in Washington, D.C., including Secretary of Defense Mark Esper, Secretary of State Mike Pompeo, and President Donald Trump.
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Deputy Defense Minister Khalid bin Salman to Visit Washington, London to ‘Urge Restraint’ as U.S.-Iran Tensions Soar
- January 6,2020
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman has instructed his younger brother and deputy defense minister Prince Khalid bin Salman to travel to Washington and London to “urge restraint” after the killing of a top Iranian commander has sent regional tensions soaring.
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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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Unemployment declines in Saudi Arabia, further gains seen in 2020 – Jadwa Investment
- December 18,2019
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- SUSTG Team
Unemployment in Saudi Arabia declined in the 3q 2019 and is likely to continue to improve as a pick-up in the non-oil private sector growth should translate to more jobs, according to a recent report from Jadwa Investment.
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Global Construction Giant Bechtel Opens New Office in Al-Khobar, Saudi Arabia
- December 17,2019
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- SUSTG Team
Global engineering, procurement and construction (EPC) firm Bechtel has re-opened its office in Al-Khobar to “meet the increasing demand for quality services in the Oil and Gas sector in Saudi Arabia and in the region,” SUSTG has learned.
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A Look at Saudi Arabia’s 2020 Budget
- December 12,2019
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- SUSTG Team
This week, Saudi Arabia unveiled its 2020 budget, which signals an end to the expansionary trend of recent years, assumes lower oil prices than in 2019, and continues to invest in the economic diversification as outlined in the Kingdom’s Vision 2030 economic and social reform plans.
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Arab Youth are Concerned about Unemployment, Poll Finds
- December 10,2019
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- SUSTG Team
A recent Arab News — Arab Strategy Forum research study conducted by YouGov found that 55 percent of Arab youth believe corruption is the main problem in their country, but unemployment was close behind at 46 percent, according to Arab News. In the Arab world, 65 percent of the population are under the age of 30. The study interviewed 3,079 […]
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Officials: Iran weighing plot to kill U.S. ambassador to South Africa
News of the plot comes as Iran continues to seek ways to retaliate for President Donald Trump’s decision to kill a powerful Iranian general earlier this year, the officials said. If carried out, it could dramatically ratchet up already serious tensions between the U.S. and Iran and create enormous pressure on Trump to strike back — possibly in the middle of a tense election season.
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After Beirut Explosion, Lebanon Sees A Spike In Coronavirus Infections
Lebanon is seeing a dramatic increase in the spread of the coronavirus since last month's massive explosion at Beirut's port, which damaged much of the capital city. Since the Aug. 4 blast, the number of COVID-19 cases has increased by some 220%, according to an assessment by the International Rescue Committee. "This is on top of everything else that people have to contend with," Matias Meier, the country director for the aid group, said in a statement. After the blast, many people "lost both their home and their source of income in an instant."
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Spurned by allies, Saudi rethinks chequebook diplomacy
From Pakistan to Lebanon, Saudi Arabia is scaling back its famed chequebook diplomacy, a longstanding policy of splashing petro-dollars in exchange for influence, which observers say has yielded few tangible gains. For decades, the wealthy kingdom funnelled billions in aid to its allies -- and to its enemies' enemies -- in a bid to bolster its position as an Arab powerhouse and leader of the Muslim world.
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New employment law effectively ends Qatar’s exploitative kafala system
Workers in Qatar may now change jobs without needing to obtain their employers’ permission, ending one of the most criticised elements of the country’s labour system. The government has also announced an increase in the minimum wage, but rights groups have said the measure does not go far enough, leaving low wage workers earning as little as £1 an hour.
- Saudi-Led coalition destroys an explosive-laden drone launched by Houthis
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Saudi-Led Coalition Destroys Explosive-Laden Drone, Boat Launched by Yemen’s Houthis: SPA
The Saudi-led coalition fighting in Yemen intercepted and destroyed an explosive-laden drone at Saudi Arabia's Abha international airport and a remotely controlled explosive-laden boat in the south of the Red Sea both launched by Iran-aligned Houthis on Sunday, Saudi state news agency (SPA) reported. As a result of intercepting the drone, some splinters fell on the airport, causing no injuries or damage, coalition spokesman Colonel Turki al-Malki said, according to SPA.
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Opinion: What is/are the Truth/s Behind the Beirut Explosions?
So how is it possible to bring some degree of clarity to the investigation process and findings? First of all, the need for an independent international investigation must be insisted on by the international community in its discussions with the caretaker government and the president. This can be tied to the incremental provision of direct assistance to NGOs for reconstruction of housing for the neighborhoods. The more cooperation means more funding…to the NGOs and communities.
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Saudi Arabia: youth labor unemployment rate by gender 2019
The youth unemployment rate in Saudi Arabia in the fourth quarter of 2019 was 57.8 percent and 17.3 percent for females and males respectively. The decrease in unemployment rates was higher for females than males over the years due to the efforts by the government to empower young Saudi women. However, unemployment for females remained significantly higher than male unemployment.
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Saudi Aramco continues to explore India investment plan
India’s Ministry of Petroleum and Natural Gas recently notified liberalised guidelines for bulk and retail marketing of petrol and diesel, offering new opportunities for foreign oil companies, including those in the Gulf, to enter this lucrative energy business.
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Lebanon’s invisible: Refugees, COVID-19, and the Beirut port explosion
Refugees currently comprise around 20 percent of Lebanon’s population, and they were in distress even before the explosion. With Lebanon’s main port destroyed, the World Food Program (WFP) has warned of a cutoff in basic food supplies. Already among the most vulnerable populations in Lebanon, Palestinian and Syrian refugees will now face increased food insecurity.
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