The abductions were the latest of more than 118 “renditions” that Turkey’s intelligence service, MIT, has orchestrated over the past decade, according to the spy agency’s website, making it one of the most aggressive practitioners of such extralegal operations. In Nairobi, MIT relied on Kenyan government operatives to carry out the abductions and was able to bypass Kenyan courts, according to the Western security officials who, like others, spoke on the condition of anonymity to discuss a sensitive operation.
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Saudi Arabia Transfers 4% of Aramco Shares Valued at $80 billion to Public Investment Fund
- February 14,2022
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- SUSTG Team
Saudi Arabia transferred shares worth about $80 billion in oil giant Aramco to the Public Investment Fund as part of efforts to move forward economic diversification efforts, according to reports.
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The Saudi Games 2022, air pollution’s cost, and King Salman’s pivotal role in Saudi history with guest David Rundell
- February 11,2022
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- SUSTG Team
David Rundell, author of Vision or Mirage: Saudi Arabia at the Crossroads joins this week for Episode 26 of The 966. The hosts and David talk about the Saudi Games 2022, the cost of air pollution in the “MENA region,” then discuss the important role of King Salman in the history of Saudi Arabia and […]
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President Biden, King Salman Speak by Phone; Biden Emphasizes U.S. Support for Saudi Security
- February 10,2022
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- SUSTG Team
President Joseph R. Biden, Jr. spoke with Saudi Arabia’s King Salman to discuss “regional developments and issues of mutual concern, including Iranian-enabled attacks by the Houthis against civilian targets in Saudi Arabia,” the White House said in a statement.
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Report: Staggering Estimated Cost of Air Pollution for the Middle East Reaches $141 billion a Year
- February 9,2022
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- SUSTG Team
Air pollution is costing the Middle East and North Africa (MENA) region countries as much as 2% of total economic output per year, a World Bank report said, which said that MENA nations should curb fossil-fuel subsidies, provide cleaner transport and create markets for emissions.
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Fitch, Moody’s Rates Public Investment Fund of Saudi Arabia ‘A’ and ‘A1’; Outlook Stable
- February 8,2022
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) has been assigned debut ratings by agencies Fitch and Moody’s, receiving an ‘A’ rating and ‘A1’ rating, respectively.
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Dazzling Finish to Saudi International as Harold Varner III Sinks Near 100-Foot Eagle Putt to Win
- February 7,2022
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- SUSTG Team
American Harold Varner III made a fantastic eagle putt on the final hole to hold off left-handed Bubba Watson and claim a one-stroke victory at the Saudi International on Sunday.
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Social entrepreneurship, the latest with Saudi golf, a new national holiday and much more with guest Ghadah Al-Harthi
- February 4,2022
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- SUSTG Team
Episode 25! Joining The 966 this week is a special guest, Dr. Ghadah Al-Harthi from London. Ghadah is Senior Consultant at Barker Langham, Associate Director MA Innovation Management, Central St Martins, and Young Adviser at Chatham House. This week, the hosts talk about the start of the Saudi international golf tournament, the announcement of a […]
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Dustin Johnson Off to Strong Start as Saudi International Golf Tournament Begins
- February 3,2022
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- SUSTG Team
Dustin Johnson’s bid for a third victory at the Saudi International began with a 5-under 65 in the first round of play at the Royal Greens Golf Club in King Abdullah Economic City in Saudi Arabia.
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Saudi Arabia’s Non-Oil Exports Reach New Record in November; Stock Market Hits 15-Year Highs in January — Latest Jadwa Investment Chartbook
- February 2,2022
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- SUSTG Team
Saudi Arabia’s Jadwa Investment’s recent chartbook on the Saudi economy saw a mixed picture in the face of the threat of the Omicron variant, but confirmed good news about the all-important non-oil exports sector of the economy.
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Overwhelming Interest in Saudi Security Company Elm’s IPO; Institutional Investors 69.5x Oversubscribe
- February 1,2022
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- SUSTG Team
Elm, a digital security firm owned by Saudi Arabia’s Public Investment Fund, drew $57 billion in orders for its IPO from institutional investors, according to Bloomberg, in what appears to be the latest evidence that the appetite for middle east stocks continues to run strong.
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Turkey Aims for $6 Billion Weapons Deal With Saudi Arabia
Turkey’s government is hoping to reach a $6 billion defense deal with Saudi Arabia that could see the kingdom buy warships, tanks and missiles, according to Turkish officials familiar with the matter. The agreement, which would involve Saudi Arabia joining a Turkish jet-building project, could be finalized during a visit by President Recep Tayyip Erdogan to the kingdom around March, the officials said. Turkey is trying to grow its defense industry and sees Saudi Arabia, one of the world’s biggest importers of arms, as a key market. The two countries signed a deal in 2023 for the Saudis to buy high-flying drones from Turkish company Baykar. Now, Ankara wants to sell its main battle tank, called Altay, to Saudi Arabia along with missile-defense systems, the officials said.
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Commentary: The Elusive Saudi-Israeli Normalization Deal – Why an Agreement is Likely to Fall Short of Expectations
The primary actors involved in a potential Saudi-Israeli normalization have strong incentives to portray a deal as a paradigm-shifting event with tremendous, transformative potential for the broader region. This normalization agreement is often described as an all-or-nothing opportunity that will emerge triumphantly within a game-changing grand bargain or else collapse spectacularly. There is good reason to consider another scenario more closely resembling the status quo: a Saudi-Israeli normalization that is considerably less encompassing and transformative than envisioned. Yet many foreign policy priorities of both Saudi Arabia and Israel now appear increasingly disconnected from normalization. The Saudi crown prince—and de facto ruler of the country—craves global recognition. Mohammed bin Salman wants to represent Saudi Arabia at G20 summits, court tech titans and financiers from the U.S. and Europe, and deepen relations with BRICS countries. As far as the Middle East region is concerned, Saudi officials have pursued a policy of de-escalation, which include reestablishing diplomatic relations with Iran and reducing economic pressure on the Houthis.
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5-year jail and fine of SR30 million for exporting petroleum products without a license
According to the new law, which replaced the Petroleum Products Trade Law, petroleum must be sold and purchased at the global price. It is stipulated in the law that anyone who exports a priced petroleum product outside the Kingdom without a license shall face imprisonment for a period not exceeding five years, and a fine not exceeding SR30 million or not exceeding twice the value of the petroleum product in question at the global price at the time of its seizure, whichever is higher, in addition to confiscating the seized items.
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Islamic Arts Biennale 2025 Opens in Jeddah, Saudi Arabia
The second edition of the Islamic Arts Biennale, titled And All That Is In Between, has officially opened in Jeddah. Organized by the Diriyah Biennale Foundation, the Biennale takes place at the Western Hajj Terminal of King Abdulaziz International Airport, a site that holds profound significance for millions of Muslim pilgrims traveling for Hajj and Umrah. The exhibition scenography is designed by the international architecture firm OMA, enhancing the experience with a thoughtful spatial narrative. The exhibition, which runs until May 25, 2025, explores how faith is experienced, expressed, and celebrated through feeling, thinking, and making.
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Fifa rejects request for monitoring of migrant workers’ conditions in Saudi Arabia
Football’s world governing body has been urged by the African Regional Organisation of the International Trade Union Confederation (ITUC-Africa), a trade union organisation that represents 18 million African workers, to increase protections afforded to migrant workers as the Gulf state embarks on the massive construction programme required to deliver the tournament. In response, however, Fifa has argued measures currently in place are sufficient, claiming it mandates hosts to “uphold their respective duties and responsibilities under international human rights standards in all activities associated with the tournament”.
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Saudi Moves Closer To 6th-Gen Fighter Aircraft. Italian PM Meloni Ready To Welcome Riyadh Into GCAP
The GCAP, launched in 2022, is a collaborative initiative that seeks to design, manufacture, and deliver a next-generation crewed combat aircraft. The member states of the GCAP grouping seek to induct the first aircraft developed under this program by 2035. Japan’s Mitsubishi Heavy Industries, Italy’s Leonardo, and Britain’s BAE Systems are leading the project as system integrators. On the question of whether the grouping will welcome the entry of Saudi Arabia, Meloni said, “We are in favor of the Saudis entering, but clearly this… will not be immediate,” emphasizing that the details of the GCAP still need to be worked out between the three founding nations. The Italian Prime Minister further added that opening up the multibillion-euro scheme to a fourth country will take time, without giving a tentative deadline.
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Saudi Arabia Set to Hike Oil Prices to Asia to 14-Month High
Refiners in Asia expect Saudi Arabia to hike its official selling prices (OSPs) to Asia for March to the highest against benchmarks since January 2024, a Reuters survey found on Monday, as Middle East’s key benchmarks are rallying on tightened Russian supply to China and India after the latest U.S. sanctions. Saudi Aramco, the world’s top crude oil exporter, is expected to raise the price of its flagship Arab Light grade to Asia loading in March by up to $2.50 per barrel over the Oman and Dubai benchmarks, three refiners in the Reuters poll said. Another refinery source expects Aramco to hike its OSPs for all grades by $3 per barrel.
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Turkey exploits post-9/11 counterterrorism model to target critics in exile
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How Will Saudi Arabia Respond to Trump’s $1 Trillion Demand?: Video
US President Donald Trump’s push for $1 trillion of investments from Saudi Arabia is “completely unrealistic,” according to Karen Young, a senior research scholar at Columbia University. But, the kingdom might make promises of defense purchases and service contracts over a long period, she told Jennifer Zabasajja on Bloomberg TV’s Horizons Middle East and Africa.
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Saudi Arabia approves Matternet drone delivery system
Matternet has been approved by The Kingdom of Saudi Arabia to operate its M2 drone within the region. The approval, which Matternet says is a first for the country, was granted by Saudi Arabia’s General Authority of Civil Aviation (GACA) after the agency determined that the M2’s Federal Aviation Administration (FAA) Type Certification issued by the United States met GACA airworthiness standards. Matternet’s M2 drone delivery system achieved FAA Type Certification in September 2022. Andreas Raptopoulos, Founder and CEO of Matternet, said the Middle East is a promising region for drone delivery. “Riyadh will have autonomous drone delivery as a new layer of city infrastructure, enabling ultra-fast, cost-efficient, zero-emissions delivery for its businesses and residents.” Matternet first entered the Middle East market in 2021 through a partnership with the Abu Dhabi Department of Health to provide city-wide medical delivery.
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