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On Saudi Employment, The Numbers Do Not Lie
- January 5,2014
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- John Sfakianakis
During the past few weeks the public’s attention has been focused on the labor market, and much has been said about providing jobs for Saudis. There is no doubt that jobs have been created in the past few years, but some figures announced in the media are exaggerated.
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For Saudi Arabia, Change in Fiscal Policy Should Come Sooner than Later
- December 28,2013
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- John Sfakianakis
Each year brings the announcement of a new historic budget for Saudi Arabia with an increase in spending higher than its predecessor. In fact, there is nothing permanent in the economy, and there is nothing permanent in government spending. For Saudi Arabia, government spending depends on oil prices, and the continued expansion of the budget is […]
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Restructuring Higher Education in Saudi Arabia
- December 23,2013
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- John Sfakianakis
Education in Saudi Arabia is still not sufficient to match the requirements of the labor market, especially for the Saudi private sector. Graduates need the right skills as required by the labor market, and those without these skills who focus on more general social sciences will be at a disadvantage. The answer is not more […]
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Saudi Flood Toll: 11 killed, 4 still missing
- November 21,2013
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- SUSTG Team
Floods that have ravaged Saudi Arabia from its capital, Riyadh, to regions in the Kingdom’s Eastern Province have claimed 11 lives, with four individuals unaccounted for, according to official figures released by Saudi Arabia’s state-run news agency. The SPA reports that out of those killed, seven were in Riyadh Region, two in the city of […]
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Social Media: Connecting U.S.-Saudi Forum Attendees, Speakers, and Followers Around the World
- October 2,2013
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- Lucien Zeigler
Social media played a key role in connecting the speakers, attendees, and followers worldwide during the U.S.-Saudi Business Opportunities Forum presented in Los Angeles September 16-18, 2013. The Saudi-US Trade Group (SUSTG), in coordination with the top-flight Saudi members of the SUSTG’s Student Ambassador Program, organized this social media effort across all major platforms, including […]
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U.S. Commerce Secretary: Saudi Economy at an ‘Exciting moment as it moves to a more knowledge-based economy’ – VIDEO
- September 23,2013
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- Lucien Zeigler
In her keynote address to the U.S.-Saudi Business Opportunities Forum in Los Angeles, the Honorable Penny Pritzker, U.S. Secretary of Commerce, noted that the United States and Saudi Arabia have a strong trade and investment relationship which has tripled in the last decade. The more than 1,100 private sector and government leaders from both the […]
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‘Oil Kingdom’: Saudi Economy Expert Says Shale is the New ‘Peak Oil’ and that Saudi Arabia Still Rules Energy Markets
- August 7,2013
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- SUSTG Team
Saudi Economy expert John Sfakianakis, formerly with Banque Saudi Fransi and now Chief Investment Strategist for MASIC, pens an analysis in Foreign Policy about how Saudi Arabia’s oil production will outlast the shale craze in the United States:
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$7 Billion Deal Inked Between U.S.-Based Fertilizer Giant Mosaic Company and Ma’aden, SABIC
- August 5,2013
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- Lucien Zeigler
U.S.-based fertilizer giant Mosaic Company signed a $7 billion contract with Saudi Arabia Basic Industries (SABIC) and the Saudi Arabian Mining Company (Ma’aden) for a 3.5 million ton phosphate operation in the Kingdom, according to a press release issued today. “The estimated $7 billion greenfield project, to be known as Wa’ad Al Shamal, or Northern Promise, Phosphate Project, […]
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U.S.-Saudi Business Opportunities Forum Website, Registration Launched by Organizers
- July 11,2013
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- Lucien Zeigler
Organizers of the upcoming U.S.-Saudi Business Opportunities Forum announced today a new website and live registration to the upcoming conference taking place September 16-18 in Los Angeles, California. The Saudi-US Trade Group (SUSTG) is pleased to be an organizer of the upcoming U.S.-Saudi Business Opportunities Forum to be held at the J.W. Marriott L.A. LIVE downtown. […]
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Saudi Arabia Changes Weekend to Friday and Saturday, Will Move Kingdom Closer To Regional and International Schedules
- June 23,2013
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- Lucien Zeigler
In a move that was anticipated for some time, Saudi Arabia’s King Abdullah issued a royal decree to change the weekend in the Kingdom from Thursday/Friday to Friday/Saturday.
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MUST-READS
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Saudi-Iraq60 Saudi Firms Seek Investment Opportunities in Baghdad International Fair
Saudi Export Development Authority is part of the Saudi pavilion at the Baghdad International Fair in its 44th session, from October 21 to 30, with 60 companies from various industrial and service sectors.
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Commercial LawCommercial courts to boost investment in Saudi Arabia
Justice Minister Walid Al-Samaani has officially launched the commercial courts that would help enhance the business environment, encourage investment and boost economic development
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Commercial CourtsCommercial courts to boost investment in Saudi Arabia
Al-Samaani, who is also the Supreme Judicial Council chairman, said the three commercial courts in Riyadh, Jeddah and Dammam would help enhance the business environment, encourage investment and boost economic development, in line with the objectives of Saudi Vision 2030.
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Travel and Tourism286 Saudi islands on offer for tourism investment in southern Jazan
The Saudi Commission for Tourism and National Heritage (SCTH) has announced that 286 islands off the Jazan coast will be on the market for tourism investment to raise the state’s income.
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Saudi-RussiaSaudi and Russia line up $3bn in investment deals
The bonhomie between the world’s two biggest energy players is about to get closer.
- Arab News - King Salman’s visit to Russia underlines Saudi pragmatism
- CNBC - 'The new OPEC bromance': How Saudi Arabia and Russia are bonding over oil
- Al Jazeera - Saudi's king in Moscow: An unexpected rapprochement
- Reuters - Russia's Sistema: planned unit listings draw interest from Saudi investors
- Bloomberg - Saudi Arabia Looking to Acquire Russia Oil, Gas Assets
- Bloomberg - UBS Says Giving Up on Oil Pact ‘Not an Option’ for Saudi, Russia
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Mubadala Investment CompanyMubadala explores investment options in Saudi Arabia
“Absolutely. We are looking very closely at Saudi Arabia,” Khaldoon Al Mubarak told the National in an exclusive interview in Abu Dhabi. “Saudi is obviously a market [for us]. We can see what’s happening in Saudi and we are following it very closely and we are very excited about the possibilities.”
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Jeddah RedevelopmentSaudi Public Investment Fund to lead redevelopment of Jeddah’s waterfront corniche
The Saudi Public Investment Fund (PIF) has announced it will lead the redevelopment of Jeddah’s waterfront corniche, creating a unique tourist, residential and commercial destination, to become the “New Jeddah Downtown”.
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Saudi-MaldivesSaudi Arabia on course in big Maldives investment program
Speaking on the sidelines of the UN General Assembly in New York last week, Mohamed Shainee said that relations between the Republic of Maldives and Saudi Arabia are “at their best for a very long time” — and he should know.
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EntertainmentThe Fun Starts Now: Saudi Government Launches $3 Billion Investment Drive In Entertainment Sector
Last year it set up the General Authority for Entertainment, which is responsible for developing the entertainment sector. In February this year the country's first ever Comic-Con event was held in Jeddah. More recently, the government has said women would be welcome at the King Fahd stadium in Riyadh to attend national day celebrations – the first time this has happened.
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Technology InvestmentSaudi Arabia’s treatment of women is a barrier for technology investment
Specifically they want to know about the role of women in the desert kingdom, says Abdullah Al-Swaha, the Saudi minister of communication and information technology.
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