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Saudi Arabia’s ACWA Power Starts Construction at Green Hydrogen Project at NEOM
Saudi Arabia’s ACWA Power and its partners kicked off the construction work at the world’s largest green hydrogen project in NEOM, according to reports, as the Kingdom moves forward with aspirations to be a global leader in green energy. The project is a $5 billion world-scale green hydrogen-based ammonia production facility powered by renewable energy, and […]
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President Biden Praises Saudi Efforts Toward Peace in Yemen; Two-Month Ceasefire Begins
A UN-brokered two-month ceasefire in Yemen began on Sunday with warring parties agreeing to avoid conflict as the Holy Month of Ramadan begins, with President Biden praising Saudi Arabia’s diplomatic efforts in a statement.
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Ramadan 2022 Set to Begin with Crescent Moon Sighting in Saudi Arabia April 1-2
Ramadan 2022 is set to begin in Saudi Arabia upon the sighting of the crescent moon as soon as April 1, with authorities urging Saudis to keep a look out for the moon starting Friday night.
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Verstappen Edges Leclerc by Half a Second in Wild F1 Weekend in Jeddah
Max Verstappen edged out Charles Leclerc by half a second in a thrilling finish to a wild weekend which saw Saudi Arabia’s second-ever F1 race in Jeddah take place two days after a missile attack by Iran-backed Houthis hit a civilian facility a few miles from the race track.
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Inaugural World Defense Show in Saudi Arabia Produces Results in Saudi’s Localization Drive for U.S. Companies
Saudi Arabia is hosting its first ever major defense show as industry giants from around the world assemble in Riyadh to display the latest in military tech — and pitch for lucrative opportunities as Saudi Arabia seeks to localize much of its defense industry production.
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Latest Jadwa Chartbook: Saudi Investors Unfazed So Far on Russian Invasion; Consumer Spending Climbs
The latest edition of the monthly chartbook from Jadwa Investment found some encouraging data points on the Saudi economy, as observers of the Kingdom look for a strong year of growth in 2022.
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Market-Leading Pharmacy Firm Nahdi Seeks Up to $1.36 billion in Saudi Arabia’s Biggest IPO Since Aramco
Nahdi Medical Co, Saudi Arabia’s market leader in retail pharmacies, “aims to raise up to 5.11 billion riyals ($1.36 billion) in the country’s biggest initial public offering since Saudi Aramco’s listing in 2019,” Reuters reports.
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Saudis Worldwide Mark Inaugural Celebration of Founding Day
Saudi Arabia held celebrations on Tuesday to commemorate for the first time the Kingdom’s foundation nearly 300 years ago, “choosing a date that downplays the central role played by clerics from the ultra-conservative Wahhabi school of Islam” and instead focusing on the date in 1727 when Mohammed bin Saud, founder of the first Saudi state, took over […]
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Jadwa Investment: Saudi GDP to Grow 7.7% in 2022
Saudi Arabia’s economy will “exhibit strong levels of growth in 2022, as pandemic related uncertainty and volatility seen over the last couple of years diminishes,” according to a new report from Riyadh-based Jadwa Investment, which said that the Kingdom’s overall GDP will expand by 7.7 percent in 2022.
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Saudi Arabia’s Capital to Get Yet Another New Development: The Avenues Riyadh
The list of new or revitalized real estate developments in Riyadh grew this week with the announcement of a new multi-purpose district called “The Avenues Riyadh,” located in the city’s north west area.
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Syria holds the key to improved US-Turkey ties
Turkish President Recep Tayyip Erdoğan was set to visit Washington in May after a long period of coldness between him and US President Joe Biden. While the cancellation officially occurred due to scheduling issues, disagreements over the Gaza conflict appear to have played a role in this decision. Despite recent momentum in US-Turkish relations, this situation underscores the fact that improving areas of cooperation is not enough to maintain the bilateral relationship.
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The nuclear fatwa that wasn’t—how Iran sold the world a false narrative
In a 2012 interview with local magazine Mehrnameh, Rouhani recounted the 2004 talks with the foreign ministers of France, Germany, and the United Kingdom, and claimed that he told them that Supreme Leader Ayatollah Ali Khamenei “has issued a fatwa and declared it forbidden to acquire a bomb. This fatwa is more important for us than the NPT [Nuclear Non-Proliferation Treaty] and the additional protocol. It is more important to us than any law.”
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Ras Ghamila: Saudi Arabia offers to buy Egyptian premium Red Sea area using deposits
Saudi Arabia has presented Egypt with an offer to purchase Ras Ghamila, a prime Red Sea tourist destination, including pulling its deposits from the Central Bank of Egypt, and the acquisition of several government companies, according to an Egyptian government source. The source, who works in the Ministry of Public Business Sector, the entity tasked with negotiating the deal, told Middle East Eye that Saudi officials offered to use the kingdom's deposits with the central bank (CBE), which amount to $10.3bn, an option favoured by the Egyptian side which will allow immediate access to foreign currency.
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Jeddah Historic District, Cruise Saudi team on sustainability strategies
Jeddah Historic District Program and Cruise Saudi plan to cooperate on how to handle more international cruise visitors while preserving historic sites and benefiting the community.
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Saudi Arabia executes two Syrian nationals for smuggling narcotics
Saudi Arabia has executed two Syrians over their alleged involvement in drug smuggling within the Kingdom, as the trafficking of narcotics from Syria continues to plague the region. According to the state-run Saudi Press Agency (SPA), the Ministry of Interior released a statement announcing the execution of two criminals of Syrian nationality on Saturday, 11 May, in the Kingdom’s north-western Tabuk region.
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Navigating Marriage Laws in Saudi Arabia for Foreigners: What You Need to Know
Saudi Arabia's marriage laws are steeped in Islamic tradition and reflect the country's unique cultural norms. Understanding these laws is crucial for foreigners considering marriage in Saudi Arabia, as there are specific requirements for both men and women.
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OPEC sticks to oil demand view, shifts key forecast to OPEC+
OPEC stuck to its forecast for strong growth in global oil demand in 2024 on Tuesday and said it would switch to focus on projected demand for OPEC+ crude, reflecting that the wider group is now the main forum for cooperation in the market.The Organization of the Petroleum Exporting Countries, in a monthly report, said it expected world oil demand to rise by 2.25 million barrels per day (bpd) in 2024 and by 1.85 million bpd in 2025. Both forecasts were unchanged from last month.
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Number of nurses up 23% in Saudi Arabia during 7 years, reaching over 235,000
The number of nursing staff in Saudi Arabia, who are registered with the Saudi Commission for Health Specialties, has increased to more than 235,000 during the year 2023. The total number of male and female nurses recorded an increase of more than 23 percent during the period between 2016 and 2023, according to a report released by the Ministry of Health on the occasion of International Nurses Day that was celebrated on May 12.
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US gives Saudis green light to try to revive peace deal with Houthis
US determination to keep Saudi Arabia engaged in a peace process with Israel has led Washington to give Riyadh an informal green light to try to revive a peace deal with the Houthis, the Yemen-based rebels who have been attacking commercial shipping in the Red Sea since November.
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Saudi Mega Projects Seek Partners in Bid to Hit Goals
Executives from The Line, New Murabba and Diriyah Company — complex developments ranging from a futuristic mega city on the Red Sea to an urban development housing a cube-shaped skyscraper set to be the tallest in the Saudi capital — discussed challenges with supply chains, costs and finding skilled workers as they underscored the urgent need for experienced partners to assist in completing projects.
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