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Tough Times for the Saudi Property Market, Study Shows
- September 14,2018
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- SUSTG Team
Saudi Arabia’s Real Estate Market was one of only seven worldwide to show annual price declines in 2Q 2018, according to results released by the Knight Frank Global House Price Index as reported in ArabianBusiness.com. The property market in Saudi Arabia saw a 1.3 percent fall in prices in 2Q 2018, compared with a global […]
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The Star-Studded Line-Up of Speakers for October’s Future Investment Initiative (FII)
- September 7,2018
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- SUSTG Team
The Saudi Arabia’s Public Investment Fund (PIF) annual Future Investment Initiative conference has listed an impressive roster of confirmed speakers for the event, taking place on October 23-25 in Riyadh. The second-annual Future Investment Initiative (FII) will be held on October 23-25 in Saudi Arabiaand “serve as a platform to drive expert-led debate, discussion, and partnerships among the […]
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Report: Saudi Arabia Eyes Oil Port in Eastern Yemen near Oman
- August 21,2018
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- SUSTG Team
Saudi Arabia is reportedly eying a new oil port to be built in Yemen’s southeast al-Mahra governorate, near Oman, where Saudi-led coalition troops are present, the energy-focused website oilprice.com reports. Saudi Arabia-based marine construction company Huta Marine has sent a letter to the Saudi ambassador to Yemen in which it thanks the official for the opportunity to […]
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C3 U.S. – Arab Healthcare & Business Summit 2018 Set for Monday September 24th in New York City
- August 15,2018
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- SUSTG Team
The C3 U.S. – Arab Healthcare & Business Summit 2018 will assemble business leaders, policy makers, educators and healthcare professionals from the Arab world and the United States to bolster and promote U.S. and Arab world initiatives that are focused on the most up-to-date healthcare topics including infrastructure, the shift from communicable diseases, the future […]
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Secretary of State Mike Pompeo’s Speaks with Saudi Crown Prince Mohammed bin Salman
- August 14,2018
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- SUSTG Team
Secretary of State Michael R. Pompeo spoke today with Saudi Crown Prince Mohammed bin Salman by phone to discuss several regional issues, according to a statement released by the State Department. Secretary Pompeo “thanked the Crown Prince for Saudi Arabia’s support for northeast Syria’s urgent stabilization needs, its engagement with the Iraqi government, and its […]
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Saudi Ambassador to the US Prince Khalid Bin Salman Visits CENTCOM in Florida
- August 3,2018
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- SUSTG Team
Saudi Ambassador to the United States Prince Khalid bin Salman visited the US Central Command (CENTCOM) headquarters in Tampa, Florida this week to meet with top U.S. military officials and Saudi officers stationed at the facility, Arab News reports. The Ambassador, a former F-15 pilot and tactical intelligence officer in the Royal Saudi Air Force (RSAF), held […]
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Report: Saudi Delegation of Companies Led by Ministry of Economy and Planning Set to Visit New York
- July 19,2018
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- SUSTG Team
The Saudi Ministry of Economy and Planning (MEP) will lead a delegation comprising of a “number of government and private-sector entities and representatives of charitable associations” to the United States to present a review of the country’s progress on sustainable development, according to reports. The delegation will participate in the UN’s High-level Political Forum on […]
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Will Uber and Careem Merge?
- July 5,2018
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- SUSTG Team
San Francisco-based Uber Technologies Inc. and Dubai-based Careem Networks FZ are in preliminary talks to combine their Middle Eastern ride-hailing services, according to reports, in a merger that would create one dominant presence in the market and avoid a potentially costly rivalry. Bloomberg reports that the two companies have discussed a potential merger but the companies have only discussed […]
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Privatization and Vision 2030: Report Looks at Opportunities, Challenges for Saudi Arabia’s Ambitious Plans
- June 12,2018
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- SUSTG Team
A recently released Jadwa Investment report lays out in detail Saudi Arabia’s ambitious privatization plans as part of its Vision 2030 economic and social reform program and identifies opportunities and challenges for decision-makers. The research report, entitled “Privatization and Vision 2030” which was emailed in a note to investors by Jadwa’s head of research Dr. Fahad Alturki, […]
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Report: Trump Requested Saudi Oil Support Before Iran Nuclear Decision
- June 8,2018
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- SUSTG Team
A day before President Trump withdrew from the Iran nuclear deal, one of his senior officials phoned key ally Saudi Arabia to ask the world’s largest oil exporter to help keep prices stable if the decision disrupted supply, Reuters reports. As Reuters reports, although the U.S. and Saudi Arabia are close allies, rarely has the United States put […]
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Oil rises on manufacturing data, U.S. inventories
Oil prices rose on Wednesday on a string of positive manufacturing data and a drawdown in U.S. crude inventories, both indicating an economic recovery and rise in energy demand despite surging coronavirus infections around the world.
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Saudi, U.S. officials call for extending UN arms embargo on Iran
The 13-year-old arms curbs on Iran are due to expire in October under the terms of Tehran’s 2015 nuclear deal with world powers. Russia and China have signalled they oppose extending the embargo. Both wield vetoes on the U.N. Security Council, which will decide the matter.
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Strategic Dialogue: Shaping the Iraqi-U.S. Relationship
The results of this meeting represented major progress in several ways. The dialogue took place because Iraq now has a functioning government that focuses on both security and reform. It addressed immediate security issues like the near-term role of U.S. forces in aiding Iraq in the fight against ISIS and the threat to U.S. advisors and forces in Iraq posed by pro-Iranian Popular Mobilization Forces (PMFs).
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Libya Hopeful Talks With U.S., Others Will Soon End Oil Blockade
Libya’s state oil company said it is “hopeful” that negotiations over the past few weeks with the United Nations-recognized government in Tripoli, the U.S. and other powers will end a blockade of almost all the North African country’s crude exports. The National Oil Corp. is “determined that the agreement will guarantee transparency and that oil revenues will achieve social justice for all Libyans,” a spokesman said in a statement to Bloomberg.
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U.S. warns Russia, China of U.N. isolation if Iran arms ban extension blocked
Russia and China will be isolated at the United Nations if they continue down the “road to dystopia” by blocking a U.S. bid to extend a weapons ban on Iran, U.S. Iran envoy Brian Hook told Reuters ahead of his formal pitch of the embargo to the U.N. Security Council on Wednesday.
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U.S. Seeks Indefinite Arms Embargo on Iran in UN Resolution
Diplomats expect a clash at the council over the next few months because the U.S. is threatening that it will invoke a“snapback” provision in the 2015 deal if it doesn’t get its way, which would reimpose all UN sanctions against Tehran.
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Gaps in Vetting Visas Allowed Saudi Gunman Into U.S. Pilot Training
The gunman who killed three in Florida was not directed by Al Qaeda, nor inspired solely by online ideology. He was a new kind of terrorist, harder to spot: an extremely enterprising freelancer.
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U.N. nuclear body slams Iran as Europeans try to strike balance with U.S.
In the first such rebuke for eight years, the governing body of the U.N. nuclear agency criticized Iran on Friday for denying international inspectors access to two alleged sites of past nuclear activity.
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A Chilly Summit Spotlights Escalating U.S.-China Tensions
The frosty atmosphere was evident in both sides’ bland readouts of the meeting, which called it “constructive” but mostly highlighted the issues that divide the nations, including COVID-19, China’s move to strengthen its grip on Hong Kong, the status of self-ruling Taiwan, and Beijing’s trade practices and its treatment of the country’s Uighur Muslim minority in western Xinjiang province.
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Saudi Oil Exports to U.S. Plunge To Lowest Level in 35 Years
After flooding the U.S. with crude earlier this year, Saudi Arabia has all but cut off the taps to the American oil market. The kingdom has exported just one cargo to the U.S. so far in June, equivalent to about 133,000 barrels a day, tanker-tracking data compiled by Bloomberg show. That’s about one-tenth of the 1.3 million barrels a day it shipped in April, when Riyadh flooded the global market during a brief price war against Russia.
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