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Recent stories from sustg
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Death Toll Climbs from Beirut Explosion as Saudi, UAE Express Condolences, Solidarity with Lebanese People
- August 5,2020
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- SUSTG Team
The death toll from the massive explosion that rocked Beirut, Lebanon yesterday continues to climb as Saudi Arabia and the UAE pledge solidarity and support to the Lebanese people.
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New Mahd Sports Academy in Riyadh will Focus on Discovering and Developing the Kingdom’s Next Sports Talents
- July 29,2020
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- SUSTG Team
Saudi Arabian sports officials on Monday unveiled in Riyadh a new project to discover and nurture young sports talent in the Kingdom, according to reports.
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Saudi Arabia’s Stock Market to Launch ‘Saudi Futures 30’ on August 30th
- July 15,2020
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- SUSTG Team
Saudi Arbaia’s Stock Exchange (Tadawul) announced that it will launch an exchange-traded derivatives product, the Saudi Futures 30 (SF30), on August 30th in a bid to attract investment interest into the Kingdom, according to reports.
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Before the Pandemic, Saudi Arabia’s Tourism Sector Showed Encouraging Rates of Growth
- July 9,2020
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- SUSTG Team
Before the global pandemic and resulting economic slowdown, Saudi Arabia registered significant growth in one of its key industries of focus in 2019 as the Kingdom looks to diversify its economy away from oil, an encouraging sign of progress that could be resumed when Coronavirus fears wane. Inbound tourism in Saudi Arabia was up a […]
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Saudi Arabia’s Central Bank Governor Sees ‘Light at the End of the Tunnel’ for Saudi Economy
- July 6,2020
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- SUSTG Team
Saudi Arabia’s central bank governor said it’s “too early” to tell if the Kingdom’s economy will bounce back with a V-shaped recovery as the government loosens coronavirus-related restrictions, according to a Bloomberg report.
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Saudi Arabia Announces ‘Limited’ 2020 Hajj to Prevent Coronavirus Spread
- June 23,2020
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- SUSTG Team
Saudi Arabia’s leaders said Monday the Kingdom will still allow for a “limited” Hajj which is open only to a small number of pilgrims who are already based in Saudi Arabia as they seek to stop the spread of the novel Coronavirus, according to reports.
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Saudi Industrial Development Fund Launches Near $1 billion Stimulus Package for Saudi Private Sector for Coronavirus Aid
- June 17,2020
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- SUSTG Team
The Saudi Industrial Development Fund (SIDF) said on Tuesday it launched initiatives totaling 3.7 billion riyals ($986.40 million) to support private sector industrial enterprises impacted by the coronavirus pandemic, Reuters reports.
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Saudi Embassy Issues Statement on Investigation Findings of the December 6th Pensacola Naval Air Station Attack
- May 19,2020
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- SUSTG Team
The Saudi embassy in Washington, D.C. issued a statement following yesterday’s release of findings by the Justice Department and the FBI, in which Attorney General William P. Barr and FBI Director Christopher Wray announced “significant developments” in the FBI’s investigation of the December 6, 2019 shooting at Naval Air Station Pensacola that killed three U.S. sailors and […]
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Report: Saudi Binladin Seeks Advisor for Financial Overhaul of Mecca Complex
- May 14,2020
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- SUSTG Team
The construction giant behind the Mecca skyscraper complex is seeking an advisor to cut costs as well as restructure the debt of the iconic project, sources familiar with the matter said and a document obtained by Reuters exclusively showed.
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Saudi Arabia’s SABIC Closes Deal to Establish JV to Build One of the World’s Biggest Utility-Scale Battery Factories
- May 7,2020
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- SUSTG Team
Saudi Arabia’s SABIC has established a joint venture company to build one of the world’s biggest utility-scale battery factories as global investment in the sector heats up, according to a report in Arab News.
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MUST-READS
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Saudi-ChinaChina to open first drone factory in Saudi Arabia
China will soon construct the first unmanned aerial vehicle factory in the Middle East following a meeting with Saudi Arabian King Salman bin Abdulaziz Al Saud.
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Saudi-ChinaSaudi Aramco inks term crude supply with China’s CNOOC for Huizhou refining project
Saudi Aramco has signed a one-year crude supply contract with China National Offshore Oil Corp. for its upcoming Phase 2 Huizhou refining project, as Saudi Arabia steps up efforts to secure its share in its largest market, where its top supplier status was recently threatened.
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IsraelAfter Saudi king, China warmly welcomes Israel’s prime minister
China welcomed Israeli Prime Minister Benjamin Netanyahu on Monday just days after hosting Saudi Arabia's King Salman and the signing of deals worth as much as $65 billion with Riyadh, as China steps up its tentative engagement with the Middle East.
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Saudi-ChinaChina, Saudi Arabia sign $65 billion in cooperation deals
The landmark agreement aims to boost joint efforts in fields including energy, investment, finance, culture and aerospace, part of Saudi Arabia’s drive to develop a growth strategy less dependent on oil.
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U.S./China/Middle EastThe Other Side of the World: China, the United States, and the Struggle for Middle East Security
The challenges for both countries manifest themselves especially in the space between East Asia and the Middle East, a space that, from a U.S. perspective, is truly the other side of the world.
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King Salman in AsiaChina, Saudi Arabia eye $65 billion in deals as king visits
Saudi Arabia's King Salman oversaw the signing of deals worth potentially $65 billion on the first day of a visit to Beijing on Thursday, as the world's largest oil exporter looks to cement ties with the world's second-largest economy.
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MaldivesCommentary: Why Saudi Arabia, China and Islamic State are courting the Maldives
Saudi King Salman’s stop in the Maldives on his month-long tour of Asia brings into focus how this tiny archipelago – best known for high-end tourism and an existential battle against climate change – has emerged as a key player in a regional struggle for influence.
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King Salman in AsiaChina Leg is Key to Success of King Salman’s Asia Tour
It is highly significant that the king himself is stepping into the role of chief diplomat, underscoring not only his own hands-on leadership, but also the importance Riyadh attaches to this diplomatic initiative.
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China's Economic DiplomacyThe Geopolitical Impact of China’s Economic Diplomacy
Instead, the region’s new connectivity was indicative of Asia at large—not just China—becoming more Central Asian than Eurasian. These were the first signs of a reversion back to historical norms, and away from the “anomaly” of the past century—which had been instituted by Western countries.
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China: Saudi: Iran: U.S.Walking A Tightrope: China Maneuvers Between Saudi Arabia And Iran
The sanctioning of ZTE sends China a message that the U.S. does not endorse business as usual with Iran and that this could have consequences for future U.S.–China trade negotiations.
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