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‘Arab News’ Releases Impressive Graphical Feature on Saudi Arabia’s Heritage Sites
English-language daily news site Arab News has released a graphical feature item on its website detailing the five Saudi historic sites inscribed on UNESCO’s World Heritage List.
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OPEC+ Poised to Agree to Production Increase This Week as Oil Continues Climb
The OPEC+ group of oil producing nations is poised to agree to a production increase this week as it looks to add more supply as prices continue to recover from 2020 lows, according to reports. “There’s a widespread view within the group that the market can absorb additional barrels,” Bloomberg reports, citing people familiar with the […]
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Saudi Arabia to End Contracts with Foreign Companies Without a Regional HQ in the Kingdom After 2023
Saudi Arabia announced on Monday that it will stop signing contracts with foreign companies from 2024 unless their regional headquarters are based in the Kingdom, part of a push to give more of the Kingdom’s economic opportunities to countries that will hire local talent and compete with neighboring cities in other Gulf nations.
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Crown Prince Mohammed bin Salman Announces Significant New Reforms to Judicial System, Push Toward Codified Law
Saudi Arabia’s Crown Prince Mohammed bin Salman announced on Monday plans to approve a set of new draft laws designed to enhance the efficiency and integrity of the kingdom’s judicial system, a step that would eventually lead to an entirely codified law.
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Saudi Arabia on Thursday Welcomed President Biden’s Commitment to help the Kingdom Defend Its people and Territory
U.S. President Joe Biden promised to bring an end to the war in Yemen, pulling back further U.S. support for operations within that country while simultaneously promising to boost the U.S.-Saudi relationship and offer U.S. security for the Kingdom and its people.
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Latest Data: Improvements in Saudi Arabia’s Labor Market in Line with Pick-up in Overall Economic Activity
Unemployment in Saudi Arabia declined to 14.9 percent in Q3 2020, the latest date for which such data are available, down from 15.4 percent in Q2 2020, a recent report from the Riyadh-based Jadwa Investment finds, citing figures from the official General Authority for Statistics.
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List of World’s Top Golfers Competing at Third Saudi International Grows as Kevin Na Commits
The field of competitors for next month’s Saudi International powered by Softbank Investment Advisers is growing as another top golfer in the world has joined some of the sports biggest names confirmed to compete in Saudi Arabia. Five-time PGA Tour winner Kevin Na, who won the PGA Tour’s Sony Open in Hawaii on Sunday, is […]
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$5 Billion Hydrogen Project JV Planned for NEOM Hires Financial Advisor – Report
A three-organization joint venture hydrogen project between Air Products, NEOM, and ACWA Power has hired financial firm Lazard to advise on a planned $5 billion hydrogen project in the NEOM high-tech business zone in Saudi Arabia, according to a Reuters report, citing sources.
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Gulf Rift Ends after 42 Months; Qatari Emir Heads to GCC Summit as Skies, Borders Re-Open
Saudi Arabia and other GCC nations effectively ended their 42 month-long rift with neighboring Qatar on Monday, signaling a new era in Gulf political and economic relations and bringing to a close a long dispute begun in June 2017.
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Saudi Arabia’s PIF Makes Two Moves in Security, Defense Space
Saudi Arabia’s Public Investment Fund (PIF) and its defense subsidiary SAMI announced separate moves in the defense and security space this week, according to reports. The PIF said Tuesday it had established a company to develop and expand the private security sector in the Kingdom, creating the National Security Services Co. (SAFE). SAFE will focus on […]
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We Finally Have a Security Agreement With Afghanistan—What’s Next?
Approximately 9,800 soldiers are expected to stay in Afghanistan after the end of 2014, down from about 38,000 at the beginning of the year. By the end of 2015, that number will be cut in half to about 4,900, and soldiers will be located in two areas: the capital city of Kabul and Bagram Air Base, roughly an hour north of the capital.
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Saudi Arabia warns Yemen violence could threaten global security
In some of his strongest language about Yemen to date, Saudi Foreign Minister Prince Saud al-Faisal told the U.N. General Assembly that hopes for an end to the crisis had been wrecked by what he suggested was the Houthis' failure to honor the deal. "The lack of implementation of the security annexe of the agreement and the lack of implementation of the agreement itself in the required manner by the Houthi group has dashed these hopes," he said in a speech circulated by the Saudi mission at the United Nations in New York.
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US orders evacuation of embassy staff in Yemen citing security concerns
The US State Department on Thursday ordered some of its diplomats and other government workers at the US embassy in Yemen to leave the country because of deteriorating security amid unrest and sectarian clashes that have left Shia rebels in control of the capital.
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Security, rival operators delay mobile newcomers’ entry to Saudi
State security requirements and a lack of cooperation from Saudi Arabia's existing telecom operators have delayed the launch of two new mobile companies until later this year, their chief executives said. The national telecom regulator, trying to increase competition, instructed the kingdom's three mobile operators to each host a mobile virtual network operator (MVNO), announcing winning bidders as long ago as June 2013.
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Afghan inauguration next week; no word on security pact with US
Ashraf Ghani will be inaugurated next week as president of Afghanistan, but it remains uncertain how soon he might sign a long-awaited security agreement that will set the terms for U.S. forces to remain in the country into next year.
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Saudi Arabia tightens security to keep Hajj pilgrims safe
Saudi Arabia will rely on surveillance technology, a 60,000-strong security force, and private contractors to protect this year’s Haj after taking a hardline stance against Islamist extremism. While there are few signs that pilgrims are concerned about security, Saudi authorities are not taking any chances as they maintain a close eye on the threat posed by groups such as Al Qaeda and ISIL.
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Saudi Arabia: Over 60,000 security officers to be deployed in holy sites
More than 60,000 security officers will be deployed in Saudi Atrabia's holy sites during this year's Hajj season to ensure the pilgrims are able to perform their rituals in peace and comfort, Maj. Gen. Osman Al-Mahraj, director of general security, has said.
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Attack on Egypt security convoy kills 11 in Sinai: security sources
An attack on a convoy killed 11 members of the Egyptian security forces in the Sinai Peninsula on Tuesday, security and medical sources said.
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