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Saudi Arabia Taps Foreign Reserves to Weather Coronavirus Crisis
- April 29,2020
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- SUSTG Team
Saudi Arabia’s central bank foreign reserves fell in March at their fastest rate in at least 20 years and to their lowest since 2011, Reuters reports, as the Kingdom draws down on reserves to weather the Coronavirus crisis and keep citizens and residents safe.
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Saudi Arabia’s PIF Eyes Bargain Stakes in Blue Chip Companies Likely to Rebound – Report
- April 16,2020
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- SUSTG Team
A “shopping list is being readied” for potential investments by Saudi Arabia’s Public Investment Fund in healthcare, technology, and logistics companies around the world as the coronavirus pandemic creates potential opportunities for bargain investments, according to a Financial Times report.
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Saudi Arabia to Spend $4 Billion in Fight Against Coronavirus
- April 8,2020
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- SUSTG Team
Saudi Arabia will increase its spending to fight the spread of the coronavirus in the Kingdom, earmarking an additional 7 billion riyals (USD 1.8 billion) yesterday on top of the 8 billion riyals (USD 2.1 billion) earmarked at the beginning of the virus outbreak, according to Asharq Alawsat.
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Saudi Arabia Approves Government Asset Privatization on Local Stock Market
- April 1,2020
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- SUSTG Team
Saudi Arabia’s government approved the listing of government assets planned for privatization on its stock market, according to reports.
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G20 Finance Chiefs, Central Bankers Hold Digital Meeting for Second Time in a Week to Discuss Coronavirus Response
- March 31,2020
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- SUSTG Team
Finance ministers and central bankers from the Group of 20 major economies met by videoconference on Tuesday, the second such meeting in a week, to discuss a global response to the spread of the coronavirus the its impact on economy, Reuters reports.
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Saudi Arabia Enacts Curfew as Kingdom Seeks to Best COVID-19
- March 23,2020
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- SUSTG Team
Saudi Arabia has enacted a curfew to stop the spread of COVID-19 within the Kingdom’s borders, prohibiting citizens and residents from being outside the home at night for three weeks starting Monday.
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Saudi Arabia Widens Travel Ban; Coronavirus Cases Increase
- March 12,2020
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- SUSTG Team
Saudi Arabia has extended flight bans to the European Union and other countries as the Kingdom announced 24 new cases overnight, bringing its total to 45.
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Saudi Arabia launches Y20 summit as a Platform Connecting Youths with G20 leaders
- March 2,2020
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- SUSTG Team
Saudi Arabia launched the Y20 (Youth 20) summit on Sunday evening, a platform which seeks to bring youth voices to international decision-makers.
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Report: Saudi Arabia Pushing for a ‘Major, Short-Term Oil Production Cut’
- February 3,2020
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- SUSTG Team
OPEC and its allies are “considering cutting their oil output by a further 500,000 barrels per day (bpd)” with eyes on mitigating the impact on oil demand from the coronavirus, Reuters and the WSJ report.
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Oil Demand Growth Forecasted to Trend Higher in 2020
- January 21,2020
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- SUSTG Team
Oil demand growth is set to trend higher this year compared with 2019, a recent report from Jadwa Investment finds, citing OPEC forecasts and other global economic factors.
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Refugee Crisis: EUEurope’s murky deal with Turkey
The number of refugees coming to Europe has indeed dropped (see chart). Yet the agreement is looking more and more murky.
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Anti-ISIS CampaignUS, Kurds to clear path toward Raqqa, with or without Turkey
More fronts are opening up against the Islamic State (IS) in Iraq and Syria. In Iraq, government forces conducting probes against Mosul, which has been under IS control for two years, are also working to liberate Fallujah, while in Syria a major operation is underway against the IS stronghold of Raqqa.
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Saudi-TurkeySaudi investments in Turkey reach $6bn
The volume of Saudi investments in Turkey has reached $6 billion mainly in the real estate sector, a Turkish official revealed yesterday.
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TurkeyTurkey’s Erdogan approves new government led by ally
Turkish President Recep Tayyip Erdogan on Tuesday approved a new government formed by one of his most trusted allies, who immediately asserted the intention to institute constitutional reforms that would expand the powers of the presidency.
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Islamic Development BankSaudi Arabia to join Turkey, Indonesia in infrastructure Islamic bank
Speaking to Reuters on the sidelines of the annual IDB meeting of governors in Jakarta on Thursday, Bambang Brodjonegoro said the four could contribute around $300 million each for the project, with plans calling for the establishment of two regional Islamic banks based in Istanbul and Jakarta.
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RSAFSaudi air force take part in military exercise in Turkey
Saudi Arabia yesterday announced the arrival of units from the Royal Saudi Air Force (RSAF) to Turkey to participate in military exercises which started on Saturday and will end on 11 June, the Saudi Press Agency reported.
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TurkeyTurkey dismisses UN alarm at alleged rights abuses in Kurdish region
The Turkish foreign ministry has dismissed a UN statement raising alarm over violence against civilians and alleged human rights abuses in predominantly Kurdish south-east Turkey and said it was welcome to visit the region.
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TurkeyErdogan reaffirms EU membership as Turkey’s ‘strategic goal’
Membership of the European Union remains Turkey's strategic goal and a deal to liberalize visas for Turks visiting the bloc should accelerate the accession process, President Tayyip Erdogan said on Monday.
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TurkeyTurkey Setting Sails on Big Naval Ambitions
Turkey has just officially begun constructing its first landing platform dock (LPD) but the country’s president already is talking about future production of an aircraft carrier and even a nuclear vessel.
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TurkeyWith prospective change of premier, Turkey’s Erdogan aims at stronger presidency
Turkey could face an early general election this year after the prospective removal of Prime Minister Ahmet Davutoglu, unnerving investors and testing relations with Europe as President Tayyip Erdogan accelerates his drive for a stronger presidency.
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