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Peace Agreements, Reports of Talks a Positive Sign for Yemen’s Ongoing War
- November 13,2019
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- SUSTG Team
Recent agreements and reports of indirect talks between warring sides in Yemen’s ongoing civil war indicate a trend toward bringing an end to the four year old conflict fought to restore the U.N.-recognized Hadi government to power after it was overthrown by Iran-backed Houthi rebels. Last week, Yemen’s Saudi-backed government signed an agreement with southern separatists on […]
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Saudi Aramco Releases Details of November 17th IPO in Prospectus
- November 11,2019
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- SUSTG Team
Saudi Aramco on Saturday released details of its IPO that will be the first opportunity for investors to own a piece of the world’s most profitable company and achieve one of the key goals of the Kingdom’s Vision 2030 economic reform plan. The details were released in a prospectus on Saudi Aramco’s website. The company said the […]
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Politico Features Princess Reema Bint Bandar: ‘The Woman Trying to Mend U.S. Relations With Saudi Arabia’
- October 31,2019
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- SUSTG Team
Politico magazine published a feature-length, in-depth profile and interview with Saudi Arabia’s recently appointed ambassador to Washington, Princess Reema Bint Bandar Al Saud. In her first interview since arriving in Washington, the ambassador says she “was well aware that neither her résumé nor her history of advocacy on behalf of women will easily change the […]
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Saudi Arabia Opens Up to Foreign Universities, Will Allow Branch Campuses in the Kingdom
- October 30,2019
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- SUSTG Team
Universities around the world can now open branch campuses in the Kingdom, the Saudi Cabinet said on Tuesday, in a move that will “achieve a qualitative leap in … empowerment, excellence and quality,” Education Minister Dr. Hamad Al-Sheikh said. “The new system will allow foreign universities to open branches in accordance to specific regulations to boost […]
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Uproar, Confusion, Debate over Tobacco Tax in Saudi Arabia
- October 21,2019
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- SUSTG Team
Saudi Arabia’s decision to impose a 100 percent tax on restaurants that serve tobacco products like shisha has ignited criticism on social media and caused confusion among restaurant owners on how to charge the tax, according to a report in France 24/AFP and accounts on Twitter. The situation has also revealed how Saudis express feedback about new […]
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Saudi Arabia introduces measures to ‘facilitate the entry of foreign issuers to the Saudi stock market’
- October 7,2019
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- SUSTG Team
Saudi Arabia has introduced measures to facilitate the entry of foreign issuers to the Saudi stock market, Reuters reports, in the latest reforms to attract overseas share buyers and issuers as part of its Vision 2030 economic and social reform plans. Saudi Arabia’s Capital Markets Authority (CMA) said on Sunday it had “adopted rules that will […]
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First in-depth archaeological survey at Al-Ula hopes to uncover mysteries of the Nabateans
- October 3,2019
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- SUSTG Team
Archaeologists are planning to carry out the first international, in-depth survey of Al-Ula in Saudi Arabia and the surrounding areas “the size of Belgium” in order to better understand the Nabatean people, the BBC reports.
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Crown Prince Mohammed bin Salman Interviewed for ’60 Minutes’, ‘Frontline’ Fall Premieres
- September 26,2019
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammad bin Salman gave an interview that will air on the CBS program, 60 Minutes, on September 29, one of two features on the Saudi leader set to appear in the United States this fall. The interview, with Norah O’Donnell, the anchor of the CBS Evening News, will be the Crown […]
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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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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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MUST-READS
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Global Oil MarketsAramco Sees Oil Market Balanced as U.A.E. Downplays Shale
Global crude inventories are declining and supply and demand are in balance, according to the head of Saudi Aramco, while the United Arab Emirates energy minister said U.S. shale oil doesn’t threaten OPEC’s efforts to support the market.
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Saudi Stock MarketForeigners still net sellers of Saudi stocks in wake of corruption crackdown
Foreign investors were net sellers of Saudi Arabian equities for a third straight week after authorities launched a major crackdown on corruption, but by a smaller margin than in the previous week, exchange data showed on Sunday.
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Saudi EconomyAnalysis: Corruption Purge Overshadows Stalled Reality of Saudi Economy
For change to really hit Saudi Arabia’s economy, there are some substantial barriers to break through. Growth is stalled across the GCC states, while governments continue to struggle to balance their budgets.
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Emaar PropertiesSaudi Crackdown Sent Shivers Through Largest Middle East IPO
A Dubai property developer managed to pull off the Middle East’s largest initial share offering this year, but only after it was almost derailed by the sweeping arrests in neighboring Saudi Arabia, where authorities say they’re rooting out corruption.
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Economy and FinanceSaudi Crackdown Chills Bankers Tending Kingdom’s Riches
In London, New York, Zurich and beyond, the answer from international bankers is the same: we don’t want to talk about the Saudis and their billions.
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Shake up in SaudiThe Economic Risks Of Saudi Arabia’s $100B Corruption Crackdown
While analysts say that an anti-corruption drive could provide a boost for the economy in the long-run, there are plenty of risks around the path the country is now on.
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Shake up in SaudiCommentary: How the Saudi Arabia corruption crackdown will play out
Other experts said that the exercise of due process of law was an important factor. Ellen Wald, energy expert, author of forthcoming book “Saudi Inc” and non-resident scholar at the Washington-based Arabia Foundation, said: “As regards the impact on Vision 2030, it really depends on how global investors react. If they can be assured that rule of law and stability are predominant in Saudi Arabia, they they will happily participate [in the privatisation plan].”
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Anti-Graft CrackdownSaudi Arabia makes fresh arrests in anti-graft crackdown: sources
The number of domestic bank accounts frozen as a result of the purge is over 1,700 and rising, up from 1,200 reported on Tuesday, banking sources said.
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Shake up in SaudiSaudi Crackdown Widens as More Bank Accounts Said Frozen
More may be on the way: The Saudi Arabian Monetary Authority sent a list of hundreds of names to lenders, telling them to freeze any accounts linked to them, two of the people said. They asked not to be identified because the information is private. No reason has been given for the actions and central bank officials didn’t immediately respond to a request seeking comment.
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Kurdish ReferendumIraqi Kurdish leader to step down over fallout from independence poll
Masoud Barzani is to step down as Kurdish president after the contentious independence referendum he called backfired spectacularly, with the Kurds of northern Iraq stripped of a third of their territory and facing continuing attacks by Baghdad.
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