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Positive Trends Seen in Latest Saudi Economic Data; Non-Oil PMI Up
- January 2,2019
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- SUSTG Team
A recently-released report from Jadwa Investment found a positive trend in Saudi economic data for the month of November, with POS and cash withdrawals rising by 18 percent and 2 percent respectively, year-on-year, and growth in the non-oil PMI index. The monthly report from the Riyadh-based investment firm analyzes key macro and micro economic trends in […]
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Photos of Crown Prince Mohammed bin Salman, Top Saudi Leaders Visiting Remote Northwest Saudi Arabia Go Viral
- December 28,2018
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- SUSTG Team
Photographs of Crown Prince Mohammed bin Salman and some of Saudi Arabia’s top officials visiting some of Saudi Arabia’s most famous mountains in the Northwest region of the country have gone viral on social media. The photos showing casually-dressed Saudi ministers and officials were taken last Summer by royal photographer Bandar Al-Jaloud at Jabal Al-Lawz (Almond Mountain) […]
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Saudia-Owned Flyadeal Selects Boeing for Expansion Fleet with $3.5b in New Planes
- December 21,2018
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- SUSTG Team
Saudi Arabian discount carrier Flyadeal will switch from an all-Airbus SE fleet to Boeing jets after ordering 30 737 Max narrow-body planes worth $3.5 billion at list prices, according to a Bloomberg report. The Chicago, Illinois-based Boeing has been in competition with France-based Airbus for the order since mid-2016, according to the report. The airline committed to […]
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Saudi Arabia Plans to Increase State Spending by More than 7 Percent in 2019
- December 18,2018
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- SUSTG Team
Saudi Arabia plans to ramp up state spending by more than 7 percent in 2019, according to a budget released by the Finance Ministry on Tuesday. Spending is projected to rise to $295 billion next year, Arab News reports, an increase of $25 billion over 2018’s figure of $270 billion. The move is seen as an effort […]
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Saudi Government ‘Rejects’ U.S. Senate Rulings on Saudi Arabia But Pledges to Continue Building Relationship
- December 17,2018
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- SUSTG Team
The government of Saudi Arabia issued a statement condemning a recent U.S. Senate resolution blaming Crown Prince Mohammed bin Salman for the killing of journalist Jamal Khashoggi, and said the government rejects external interference in its affairs. The Senate measure, which passed in a rare bipartisan vote with unanimous approval on Thursday, was a sweeping condemnation of Crown […]
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Looking toward Africa, Saudi Seeks Red Sea Political, Economic Bloc
- December 13,2018
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- SUSTG Team
Saudi Arabia is seeking a political and economic alliance with six countries bordering the Red Sea and the Gulf of Aden in a move aimed at strengthening its interests in the crucial waterway and in Africa, according to reports. Representatives from Egypt, Djibouti, Somalia, Sudan, Yemen and Jordan gathered in Riyadh on Wednesday to discuss the initiative, […]
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KPMG Releases Second Edition of its Saudi Arabia CEO Outlook report; Finds Positivity Among Saudi CEOs
- December 12,2018
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- SUSTG Team
KPMG has released its second edition of its Saudi Arabia CEO Outlook report, available as a .PDF from the company’s website here. The report is based on interviews with 50 CEOs of organizations in Saudi Arabia for their thoughts and insights on the potential opportunities that they have while preparing for the challenges that lie ahead, […]
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BBC Travel Profiles Asir’s ‘Flower Men’, Natural Beauty as Kingdom Eyes Tourism Push
- December 11,2018
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- SUSTG Team
A recently published story in the BBC highlights the unique culture and natural beauty of the Asir province in Saudi Arabia, whose male inhabitants don colorful and ornate head dresses made of local flowers. The U.K.-based news service traveled to Asir province in the south of the Kingdom, one of the least traveled places in Arabia by Western […]
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In Dhahran, Energy Secretary Perry, Al-Falih Discuss Oil Markets, Nuclear Possibilities
- December 10,2018
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- SUSTG Team
U.S. Energy Secretary Rick Perry held a round of talks with Saudi Minister of Energy Khalid Al-Falih and Aramco CEO Amin Nasser as well other energy industry figures in Dhahran, Saudi Arabia, according to reports. The top energy officials from the U.S. and Saudi Arabia discussed oil markets and nuclear power possibilities. Saudi Arabia’s energy minister Khalid al-Falih […]
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OPEC, Russia Will Cut 1.2 million Barrels of Oil Production a Day; Price Jumps
- December 7,2018
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- SUSTG Team
OPEC and Russia have agreed to collectively throttle back oil production by 1.2 million barrels per day to dry up a global supply glut, according to energy reporters from the Wall Street Journal. OPEC nations would cut 800,000 barrels and the Russia-led group would handle the remainder, according to the WSJ. Oil prices on indices […]
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DiplomatsDiplomats Aren’t Following the State Department’s Social Media Rules, Watchdog Says
In reviewing the Twitter accounts of 37 U.S. ambassadors, the IG found at least 20 officials posted “original content that related to issues that were clearly of Departmental concern.”
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Saudi WorkforceTwo measures ease Saudization rules for some employers
Eligible employers will have a more up-to-date system for calculating their Saudization rating and will be able to replace foreign workers in designated shortage occupations more quickly.
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LaborEmployers hiring illegal workers facing prison, ban in Saudi Arabia
Employers hiring workers living illegally in Saudi Arabia have been warned they could face prison, fines and a recruitment ban. The Saudi General Directorate of Passports has announced that anyone found to be employing, transporting, or sheltering people in breach of the Kingdom’s residence, labor and border regulations, could be jailed for up to six months and fined a maximum SR100,000 ($27,000).
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Mining and MineralsSaudi Arabia to spend $3.8 billion to enhance mineral exploration
Saudi Arabia will invest around $3.8 billion to enhance access to geoscience data and reduce regulatory red tape as it looks to boost mineral exploration, senior government officials said on Wednesday.
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EgyptEgypt Court Sentences 8 to Death for El-Sisi Assassination Plot
An Egyptian criminal court on Monday issued preliminary death sentences to eight individuals for allegedly planning to assassinate President Abdel-Fattah El-Sisi. The sentences were referred to the country’s Grand Mufti, the government’s top religious figure, for ratification, the court said in a statement. It set March 6 as the date for the final verdict in the case that includes a total of 292 accused.
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UAE CyberUAE senior diplomat denies hacking Americans
When asked about Project Raven by reporters at a briefing in New York, UAE Minister of State for Foreign Affairs Anwar Gargash acknowledged the country has a “cyber capability,” but denied targeting U.S. citizens or countries with which it has good relations.
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Corruption CrackdownSaudi Arabia suspends 126 local government employees on corruption charges
Saudi Arabia said on Tuesday it had suspended 126 local government employees at municipalities across the kingdom on corruption charges.
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U.S. AmbassadorsTrump moves to fill diplomatic void in MENA
The nominations would fill several longstanding vacancies, including the ambassadorship to Saudi Arabia, which has been open since Trump took office two years ago. Trump nominated John Abizaid, a former US Army general who oversaw the US occupation of Iraq and military operations across the Middle East, for the position.
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Saudi-CanadaSNC-Lavalin mulls retreat from Saudi Arabia amid deepening diplomatic row
The head of SNC-Lavalin Group Inc. says ongoing diplomatic tensions between Canada and Saudi Arabia are hurting the company’s bottom line and forcing it to consider a possible retreat from the oil-rich state as SNC share prices plunged to a three-year low.
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UnemploymentSaudi Arabia unemployment edges down
Unemployment among Saudi Arabian citizens eased marginally to 12.8 percent in the third quarter of 2018, official figures released on Sunday showed.
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