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Jadwa Investment: A Turn to Positive for Saudi Economic Data in July 2016 Economic Chartbook
- July 1,2016
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- SUSTG Team
Jadwa Investment’s recently released July 2016 Chartbook reveals economic data for Saudi Arabia trending toward the positive for the month of May, citing data on ATM withdrawals and point-of-sales transactions showing seasonal increases. Cement sales and PMI data also showed a slight acceleration in activity. The government also has reversed the months-long decline in assets at […]
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‘Very Good News’ for Saudi Real Estate as Kingdom Gets Boost in Transparency Ranking, Citing Chambers of Commerce
- June 30,2016
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- Lucien Zeigler
JLL and LaSalle Investment Management’s 2016 Global Real Estate Transparency Index (GRETI) has increased Saudi Arabia’s standing to “Semi-Transparent” after recent efforts by the Chambers of Commerce in Saudi Arabia. “The formation of real estate committees in the Chambers of Commerce has highlighted the issue of low transparency in the market and encouraged more action […]
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First Ever Direct Crude to Chemicals Plant “One Step Closer” for Aramco, SABIC
- June 28,2016
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- SUSTG Team
State-owned Saudi oil giant Aramco and diversified chemicals company SABIC are “one step closer” to being the first ever to use crude oil directly, rather than using refined products such as naphtha or ethane gas as feedstock, to create chemicals, according to reports and announcements by the companies on Saudi Arabia’s stock exchange. The achievement […]
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Concluding Trip to Silicon Valley, Deputy Crown Prince Mohammed bin Salman and Delegation Ink MOU with Microsoft
- June 22,2016
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- SUSTG Team
Saudi Deputy Crown Prince Mohammed bin Salman met with Satya Narayana Nadella, chief executive officer of Microsoft, at the company’s Silicon Valley offices in San Francisco on Tuesday and signed two deals with the IT giant, according to reports. The first MOU between Saudi Arabia and Microsoft “will train young Saudis and will support Saudi Arabia […]
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Back in a Business Suit, Deputy Crown Prince Mohammed bin Salman and Delegation Sign Agreements with Six Flags, Cisco Systems
- June 21,2016
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- Lucien Zeigler
Saudi Arabia has signed partnership agreements with theme park company Six Flags Entertainment and Cisco Systems during a visit by Deputy Crown Prince Mohammed bin Salman and his accompanying delegation to Silicon Valley this week as Saudi Arabia looks to boost its business and commercial ties with the United States. The prince was shown wearing a gray […]
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Deputy Crown Prince Mohammed bin Salman Meets with President Obama, Receives Praise for “Vision 2030”
- June 20,2016
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- Lucien Zeigler
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman met with President Obama on Friday at the White House to discuss regional and economic issues with the President, Vice President and other members of Obama’s cabinet. The President “commended” Prince Mohammed’s “Vision 2030” plans to reform Saudi Arabia’s economy and society, according to a readout. “The […]
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Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman Receives Praise on Capitol Hill in Washington for Ambitious Economic Reforms
- June 16,2016
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- Lucien Zeigler
Deputy Crown Prince Mohammed bin Salman visited congressional leaders in Washington on Wednesday to discuss diplomatic and regional issues and talk about Saudi Arabia’s new economic reforms. Prince Mohammed met with Sen. Tom Cotton (R-Arkansas) along with the Senate Armed Services Committee, including Sen. John McCain (R-Arizona) and Sen. Lindsey Graham (R-South Carolina) as well as […]
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Saudi’s New Minister of Commerce and Investment Dr. Majed Al-Qasabi to Meet with Business Leaders at U.S. Chamber of Commerce Today
- June 14,2016
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- Lucien Zeigler
Saudi Arabia’s New Minister of Commerce and Investment, Dr. Majed bin Abdullah Al-Qasabi, will meet with business and private sector leaders today at the U.S. Chamber of Commerce in Washington, D.C. The private roundtable discussion is part of the U.S.-Saudi CEO Summit initiative which is a partnership between the U.S. Chamber of Commerce and the […]
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Deputy Crown Prince Mohammed Bin Salman Arrives in Washington to Busy Schedule
- June 13,2016
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- SUSTG Team
Deputy Crown Prince Mohammed bin Salman lands in Washington, D.C. today with a tightly packed agenda planned for his 4-day visit in the nation’s capital. The Deputy Crown Prince who is also Minister of Defense and head of the powerful Council on Economic and Development Affairs (CEDA) will meet with U.S. Secretary of State, John Kerry, […]
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As Vision 2030 Details are Rolled Out, International Banks and Others Look for Opportunities
- June 8,2016
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- Lucien Zeigler
International banks are jockeying for a role in Saudi Arabia’s plans to list part of state-owned Saudi Aramco for an Initial Public Offering (IPO), according to a report in Reuters. Financiers around the world are keen to cash in on a cornerstone of the recently-announced “Vision 2030” economic and social plan, with banks preparing for […]
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MUST-READS
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FDISaudi Arabia awards six energy investment licenses worth $239m
Speaking on the sidelines of the conference, Al-Suwail told Al Arabiya that he expects Saudi Arabia’s cash inflows from foreign direct investments (FDIs) to increase by 24 percent in the first quarter of 2019.
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Saudi-ChinaSaudi Aramco Boosts Oil Investment In China’s Downstream
Saudi Aramco signed on Thursday an agreement with the Zhejiang Free Trade Zone in China to facilitate the acquisition of 9 percent in a local refinery and further expand its downstream presence in the world’s largest oil importer.
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InvestmentReuters poll: MENA fund managers to boost Egypt, UAE investments, still bearish on Saudi
Middle Eastern funds plan to increase their investments in Egypt and UAE and decrease allocations in Saudi Arabia, while keeping their exposure to other countries in the region at current levels, according to a Reuters poll.
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BoeingBoeing Plans to Increase Investment in Saudi Arabia
Jazzar has been President of Boeing in Saudi Arabia since 2005. He oversees all Boeing operations in the Kingdom, including strengthening partnerships with government agencies, developing and implementing Boeing's Saudi strategy, pursuing Boeing's industrial partnerships and investments in the Kingdom, supporting Social responsibility programs, and consolidating company relationships with customers and stakeholders.
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U.S.-SaudiSaudi, US officials discuss ways of enhancing energy investments and cooperation
The meeting also looked at ways of enhancing relations between the two countries and investments in the fields of energy, industry, climate and technology.
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EconomyAssets of Saudi Public, Private Investment Funds Amount to $86.1 Bn
The value of public and private assets of investment funds in Saudi Arabia registered a new leap during Q2 2019, amounting to SAR323 billion ($86.1 billion), compared to SAR310 billion ($82.6 billion) in Q1 of the same year. According to Saudi Capital Markets Authority (CMA), the value of public and private funds’ assets jumped by 4.1 percent in the Q2 2019 while the value of the private investment funds’ assets grew by 3.5 percent, and the value of public fund assets grew by 5.3 percent.
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Saudi-PakistanChiniot, Chagai ore steel mill project picked for Saudi investment
It may be recalled that Pakistan has signed a Memorandum of Understanding (MoU) for economic cooperation in mineral resources.
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HealthcareSaudi Arabia backs $550 million investment in health startup Babylon
Saudi Arabia’s sovereign wealth fund, German reinsurer Munich Re and an undisclosed U.S. health insurer backed the round, Babylon says.
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InvestmentSaudi allows two firms to test computerized investment advice
Saudi Arabia’s capital market regulator on Tuesday approved two companies to test using robo-advisory services, or computer-generated advice for investors, as part of moves by the Arab world’s biggest economy to encourage the use of financial technology.
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China in the RegionDiversified Investment in UAE Shaping China’s Economic Role in the Gulf
Despite a large regional appetite for Chinese investment and trade, the UAE has emerged as China’s primary economic partner in the Gulf. Chinese investments and contracts in the UAE totaled $8.16 billion in 2018 – eclipsing the second-largest recipient, Saudi Arabia, by nearly $3.4 billion, according to the American Enterprise Institute’s China Global Investment Tracker.
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