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Saudis Around the World Celebrate 89th National Day
- September 23,2019
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- SUSTG Team
Saudis around the world are celebrating Saudi National day today, the Kingdom’s biggest national holiday dedicated to the history of the Kingdom as a unified state. The holiday commemorates the announcement of the Saudi Kingdom’s unification on September 23rd, 1932 by King Abdulaziz Al-Saud, who united and renamed the Kingdoms of Nejd and Hejaz to Saudi Arabia by […]
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Saudi Arabia’s Financial Sector Development Program Sees ‘Fair Level of Progress’, Report Says
- September 20,2019
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- SUSTG Team
A recently-released report from Jadwa Investment finds “a fair level of progress on most areas” in the Kingdom’s important Financial Sector Development program (FSDP), encouraging news for the diversification of Saudi Arabia’s economy and modernization of its financial sector. The FSDP, one of the Kingdom’s Vision 2030 ‘Vision Realization Programs’ (VRPs), aims to develop a diversified […]
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Pompeo Calls Strikes an ‘Act of War’ as he Visits Saudi Arabia, Meets with Crown Prince
- September 19,2019
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- SUSTG Team
Secretary of State Mike Pompeo has called the recent attacks against Saudi oil facilities an “act of war” by Iran, and met Wednesday with Saudi Crown Prince Mohammed bin Salman in Jeddah. The recent attacks “didn’t come from the Houthis,” Pompeo said Wednesday in remarks to reporters. “This was an Iranian attack…we’re blessed that there were no Americans killed […]
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As Officials Gather Evidence in Saudi Oil Attacks, Trump Ratchets Up Sanctions
- September 18,2019
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- SUSTG Team
President Donald Trump on Wednesday said he ordered a major increase in sanctions on Iran, the first response by the U.S. to the attacks on two key oil installations in Saudi Arabia, according to reports. The pronouncement by Trump comes as both U.S. and Saudi officials ready evidence that points the finger at Iran for the […]
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Brazen Attacks on Key Saudi Oil Facilities Knock Half of Daily Saudi Production Offline, Place Region on Edge
- September 16,2019
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- SUSTG Team
In the early hours of Saturday morning, two of Saudi Arabia’s most important oil facilities were brazenly attacked and set ablaze, causing a disruption of half of Saudi Arabia’s total daily oil production and 5% of the world’s crude supply and throwing the tense region into greater risk of conflict. The attacks on Saudi Arabia hit […]
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Positive Trends Seen in Latest Data on Saudi Tourism Sector
- September 13,2019
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- SUSTG Team
Recent data released by the Tourism Information Research Center for the Saudi Commission for Tourism & National Heritage finds encouraging data for Saudi officials hoping to attract tourism spending from abroad and entice Saudis to spend vacation locally in the Kingdom. Tourism spending in Saudi Arabia amounted to $9.6 billion during July and August of 2019 […]
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First shares in Aramco will be sold on Saudi stock exchange – reports
- September 11,2019
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- SUSTG Team
Saudi Aramco will list the first shares of the company on Saudi Arabia’s stock exchange, the Tadawul, and will do so “very soon,” the company’s CEO Amin Nasser said. The local listing is likely to precede an international one, but the company has not yet selected a location, according to reports. “The primary listing is to list […]
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New Saudi Visa Program, Tourism Event Set for Launch on September 27th, Report Says
- September 4,2019
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- SUSTG Team
A new visa scheme is coming to Saudi Arabia on September 27th that will benefit over 50 nations and will be a “game changer” initiative for attracting international tourists, a report in the English-language Saudi daily Arab News. “Although not officially confirmed by the government, industry sources told Arab News an event to showcase Saudi tourist attractions […]
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Video: Saudi Ambassador to the United States Princess Reema on how lack of financial self-sufficiency for women is #Solvable
- August 28,2019
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- SUSTG Team
A new video interview released by the Rockefeller Foundation as part of a series on solvable problems around the world features Saudi Arabia’s new Ambassador to the United States, Princess Reema bint Bandar, discussing the issue of a lack financial literacy for women across the world. “Today more and more women are entering the workplace, […]
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Saudi Arabia Announces Six Flags Qiddiya with Plans for the World’s ‘Longest, Tallest and Fastest Roller Coaster’
- August 27,2019
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- SUSTG Team
Saudi Arabia has unveiled the official park design for Six Flags Qiddiya, a family-oriented theme park currently under construction just outside of Riyadh. The announcement, along with a website for the future park, said that Six Flags Qiddiya will feature “a number of record-breaking roller coasters, unique thrill experiences, incredible live shows and more arranged into 6 […]
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Saudi female employees resume work in malls amid strict health precautionary measures
Saudi female employees have resumed work since Wednesday in the malls in all regions of the Kingdom. Shoppers, including citizens and expatriates, have begun flocking to the malls to purchase their needs, amid high standard measures set up by owners of these malls to protect shoppers’ health.
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400,000 Saudi Employees Benefit from Govt Support For Those Affected by Coronavirus
The General Organization for Social Insurance (GOSI) disbursed nearly $320 million for over 40,000 citizens to support Saudi workers in the private sector enterprises that have been impacted by the implications of the novel coronavirus spread. GOSI governor Sulaiman al-Quweiz announced that the financial assistance was provided to the beneficiaries in line with regulations stipulated in the unemployment insurance (SANED).
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Saudi Arabia’s unemployment rate remains at 12% in Q4 2019
According to the survey results, the unemployment rate decreased from 12.9 percent in Q2 of 2018 to 12.0 percent in Q3 of 2019, and settled at this level in Q4 of 2019.
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The Coronavirus Is Now Exploding in Developing Countries
Social distancing is practically impossible in crowded communities, health systems are ill-equipped, malnutrition and poverty are often widespread and vulnerable economies dependent on industries such as tourism will falter. Political instability, xenophobia and social unrest present additional risks as the coronavirus spreads.
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As civil war rages, diplomacy fails with Libya’s Haftar
April 4 marked the one-year anniversary of Libya’s third civil war since 2011. Last year, Khalifa Haftar, the head of the eastern-based Libyan National Army (LNA), sought to invade Tripoli after another aborted attempt to mediate his conflict with the internationally-recognized Government of National Accord (GNA) based in Tripoli. The war has left over 2,000 dead, 10,000 wounded, 150,000 internally displaced, and a humanitarian crisis in an oil-rich country.
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Dubai and Saudi Arabia explore funding options amid coronavirus fallout
Dubai is in the early stages of talks with banks about potential funding options as its economy suffers under the fallout from the new coronavirus, two sources familiar with the matter said. It has not issued a request for proposals but has approached banks in the past few days that have lent to the emirate previously to see if they can provide debt financing of $3 billion to $5 billion, one of the sources said. Dubai’s department of finance declined to comment.
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Saudi Arabia Deploys Clerics to Help Fight Spread of Virus
On a show that dispenses religious edicts on state-run Saudi television, Sheikh Abdullah al-Mutlaq told a woman she had every right to kick her husband out of bed if he doesn’t comply with social-distancing rules to tackle coronavirus. Another woman wanted to know if she could cede her conjugal rights to her husband’s second wife if she’s concerned about being infected. She could, said the cleric, who is a royal court adviser, with a smile.
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The military has suspended all travel, deployments, exercises for the entire force
Weeks after putting a hold on permanent change-of-station moves and non-essential travel both abroad and in the United States for the next two to three months, the Pentagon has issued a stop-movement order that will affect all personnel and Defense Department civilians.
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GCC: Employment and Immigration law update | COVID-19 focus
Travel restrictions, closures of public services, stimulus packages and an increase in healthcare services have all been implemented across the region, with changes to the treatment of visitors and visa applications being announced in response to travel restrictions.
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Saudi-led coalition in Yemen destroys two explosive-laden boats: SPA news agency
The Saudi-led coalition in Yemen destroyed on Tuesday two explosive-laden boats launched and remotely-controlled by the Iran-aligned Houthi group from the province of Hodeidah, Saudi state news agency SPA reported.
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