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Ramadan Begins Today in Saudi Arabia
- May 17,2018
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- SUSTG Team
Ramadan officially begins in Saudi Arabia Thursday, as millions of Muslims in the Kingdom and around the world prepare for a month of fasting, which is intended to bring Muslims closer to Allah and remind them of those less fortunate. The Islamic calendar is 11 days shorter than the Gregorian calendar, so each year, the […]
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Saudi Ministry of Justice Announces Launch of Alimony Fund ‘Modeled on UK’s Child Maintenance Service’
- May 15,2018
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- SUSTG Team
Saudi Arabia’s Ministry of Justice is planning to launch an alimony fund similar to the United Kingdom’s Child Maintenance Service in an attempt to “empower mothers and provide sustainable living and support, for them and their children,” the Ministry said in a press release. The alimony fund is dedicated to women who are divorced and facing difficulty […]
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Design Released for Saudi Arabia’s New Global Business School in Jeddah
- May 14,2018
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- SUSTG Team
Renderings of the forthcoming Global Business School in Jeddah have been published online, depicting a massive building that will serve as a modern campus for the educational institution in Saudi Arabia’s second largest city. The new business school, which will have both Saudi and international students, is expected to open in 2020 and will operate […]
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Will Trump’s JCPoA Decision Affect U.S.-Saudi Nuclear Talks?
- May 11,2018
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- SUSTG Team
President Trump’s decision to withdraw the United States from the so-called Iran deal may have an effect on the ongoing negotiations between the U.S. and Saudi Arabia, according to analysts, as Energy Secretary Rick Perry hopes to steer Saudi nuclear negotiators into an “acceptable 123 agreement with additional protocols.” The U.S. is hoping to position Westinghouse among […]
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Saudi Arabia Applauds Trump Decision on Iran Nuclear Deal
- May 9,2018
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- SUSTG Team
Saudi Arabia has embraced President Trump’s decision yesterday to pull the United States out of the JCPoA, the agreement to curb Iran’s nuclear ambitions by offering sanctions relief in exchange for Iran’s compliance with non-proliferation standards, according to statements made by top Saudi officials and the Saudi Press Agency. As the chief rival of Iran in […]
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Poll: Strong Support for Crown Prince Mohammed bin Salman among Young Arabs
- May 8,2018
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- SUSTG Team
A new poll tracking young Arabs’ attitudes throughout the Middle East finds they express a high level of confidence in Crown Prince Mohammed bin Salman and his leadership, with 63 percent supporting his appointment, 64 percent viewing him as a strong leader, and 59 percent saying Mohammed bin Salman will lead Saudi Arabia in the […]
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Saudi Arabia Launches $13b ‘Quality of Life 2020’ Program to Promote Entertainment, Health, and Sports
- May 4,2018
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- SUSTG Team
At a ceremony in Riyadh yesterday, the Kingdom unveiled its plans to spend 50 billion riyals ($13.33 billion) by 2020 on a new ‘Quality of Life 2020’ initiative to promote entertainment, health, sports and education as part of a modernizing drive by Crown Prince Mohammed bin Salman, according to Reuters. The program, which aims to generate 300,000 […]
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Oxford Business Group Survey of CEOs finds Confidence high in Saudi Arabia
- May 3,2018
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- SUSTG Team
Executives have welcomed signs that change is afoot in Saudi Arabia, although many are also keen for the pace of economic reforms to be accelerated, a new survey by the Oxford Business Group finds. As part of its second survey on the Kingdom, the global research and consultancy firm asked over 100 C-suite executives from […]
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In Interview, Governor of SAGIA Ibrahim Al-Omar Says New Licenses for Investment and Business Soaring
- May 2,2018
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- SUSTG Team
The head of Saudi Arabia’s top licensing and investment body says that the Kingdom is increasing its new licenses to investors and businessmen seeking to do business in the Kingdom, according to an interview in TheBanker.com. Ibrahim Al-Omar, head of the powerful Saudi Arabian General Investment Authority (SAGIA), told journalist James King in an interview how Saudi […]
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Saudi King, Crown Prince Attend Groundbreaking Ceremony for Qiddiya, Saudi Arabia’s Answer to Disneyworld
- April 30,2018
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- SUSTG Team
Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman attended the opening ceremony this week of the Kingdom’s massive forthcoming entertainment city, Qiddiya, on the outskirts of Riyadh this weekend. Qiddiya represents another major investment in expanding social outlets for Saudis backed by Saudi Arabia’s PIF. The entertainment city sits 40km from downtown Riyadh and […]
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InvestmentSaudi’s Itqan Capital to add brokerage, PE fund to services
Saudi Arabia's Itqan Capital, an Islamic investment firm, plans to develop a sharia-compliant brokerage arm and is nearing the launch of a $200 million education private equity fund, its chief executive told Reuters.
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OIlSaudi Arabia caps crude supply to Asian refiners as demand surges
Saudi Arabia has imposed limits on supply volumes since March for Asian buyers who have been flocking to the kingdom for more oil after it cut official selling prices to record lows, several industry sources said this week.
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Yemen in CrisisYemen’s Houthis seize provincial capital despite Saudi-led raids
Houthi fighters, backed by supporters of former Yemeni President Ali Abdullah Saleh entered the provincial capital of the mainly Sunni Shabwa province in eastern Yemen on Thursday, residents said, despite intense Saudi-led air strikes against the group.
- US News - Iran sends navy vessels to waters near Yemen, raising stakes amid Saudi-led military campaign
- Arab News - 'Jazan Mujahidoon' Police Mujahidoon fighters protect Saudi borders
- Aljazeera - Chaos in Yemen's Aden as aid arrives
- Military Times - U.S. launches aerial refueling mission in Yemen
- Los Angeles Times - Yemen slides deeper into humanitarian crisis amid Saudi-led airstrikes
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SandstormMan captures moment cloud hit streets in Saudi Arabia on video
A Saudi Arabian citizen has captured intense footage of a sandstorm sweeping its way across a street, engulfing everything in its path.
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SyriaResidents flee clashes in Palestinian camp in Syrian capital
Hundreds of residents of a Palestinian refugee camp in the Syrian capital Damascus fled Sunday amid shelling by government forces and clashes between Islamic State fighters and Palestinian militants, activists said.
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SyriaSyrian rebels capture main border crossing with Jordan
Syrian rebels and fighters from the al-Qaida-affiliated Nusra Front have captured the only functioning border crossing with Jordan and three nearby military posts, prompting government bombing raids on the area, activists said Thursday.
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LibyaHead of rival govt in Libya capital sacked: MP
Libya has had two governments and parliaments since Tripoli was seized in August by the Fajr Libya militia coalition and the internationally recognised government fled to the country's far east. The militia appointed Hassi in August, but lawmakers in the General National Congress (GNC), the alternative parliament, challenged his leadership and demanded his departure.
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Interview with SAGIA’s Prince Saud al-Faisal: Saudi Arabia seeks to attract non-oil capital
"There is a strong effort by the government to diversify this revenue," said Prince Saud al-Faisal of the Saudi Arabian General Investment Authority, or SAGIA.
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Real Estate and HousingCityscape to witness Saudi reform impact on real estate market
He added: “Growth in the Chinese economy will have a strong bearing on prices of building inputs, especially steel and copper. China's economy is slowing quite rapidly, so these prices should continue to soften. A stronger dollar will also help in this regard: A strong dollar typically means weaker commodity prices. With US interest rates heading up, and Japan and the euro zone engaged in monetary easing, we should see the dollar continue to strengthen. This is good news for Saudi Arabia since it will make a lot of imported inputs cheaper.
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Weather in RiyadhRain leaves Saudi capital swamped
It has been raining in the Saudi capital of Riyadh since Wednesday evening, leaving the city’s streets swamped with puddles of water.
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