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After Coronavirus Hit in 2020, Saudi Economy to Grow 2.9% in 2021, IMF Says
- April 15,2020
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- SUSTG Team
Saudi Arabia’s economy is forecast to contract 2.3 percent in 2020, with non-oil GDP expected to contract by 4 percent due in part to the global recession caused by the spread of the deadly coronavirus, the IMF said.
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Saudi Arabia’s PIF Discloses 8.2% Stake in Carnival Cruises
- April 7,2020
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- SUSTG Team
Saudi Arabia’s Public Investment Fund disclosed on Monday that it had acquired an 8.2% stake in Carnival Corporation & plc, operator of Carnival Cruise line, as of March 26, according to reports.
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Jadwa Investment’s April 2020 Chartbook Shows Early Challenges for Saudi Economy Amid Global Coronavirus Outbreak
- April 2,2020
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- SUSTG Team
Jadwa Investment’s recently-released April 2020 Saudi Chartbook highlighting latest data for the Kingdom’s economy shows indications that the Coronavirus will have a negative impact on the economy as Saudi Arabia locks down to safeguard its citizens.
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Kingdom Will Pay for Coronavirus Treatments, KSA Cases Reach 1453
- March 30,2020
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- SUSTG Team
Saudi Arabia will finance treatment for anyone infected with the coronavirus in the Kingdom, the health minister said on Monday, as Saudi’s total cases reached 1453, according to Reuters.
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Stunning Photos Show Saudi Arabia’s Empty Streets for COVID-19 Curfew
- March 25,2020
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- SUSTG Team
Saudi Arabia on Monday night began implementing a nationwide dusk-to-dawn curfew to halt the spread of COVID-19, urging the public to stay home unless necessary and closing restaurants, cinemas, malls, and other places of gathering.
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Report: Saudi Arabia Asks State Agency Heads to Prepare for Budget Cuts ‘of at Least 20%’
- March 11,2020
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- SUSTG Team
Saudi Arabia has asked state agencies to submit proposals for cuts of between 20% and 30% to their budgets “in a fresh austerity drive to cope with a sharp drop in oil prices” due to a looming price war between Russia and Saudi Arabia, Reuters reports, citing four sources familiar with the matter.
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More Progress for Saudi Women as Kingdom Launches a Women’s Soccer League
- February 28,2020
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- SUSTG Team
Saudi Arabia is launching a soccer league for women, another step forward as the Kingdom continues ahead with its Vision 2030 social and economic reform plan.
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Al-Ula Planners, Developers Keen to Keep Historic Beauty of Site Intact with Millions Expected Annually
- February 11,2020
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- SUSTG Team
Planners and developers working on making Saudi Arabia’s Al-Ula UNESCO heritage site easier and more enjoyable to visit are keen to keep intact the natural beauty and wonder of the site, the UAE-based The National reports, citing an interview with Francesca Arici, the site’s chief planning officer.
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Saudi Arabia’s SAMA Launches First Licenses for Non-Bank Financial Institutions in Line With Financial Sector Development Program Goals
- January 31,2020
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- SUSTG Team
The Saudi Arabia Monetary Agency (SAMA) announced the launch of licenses for non-bank financial institutions, a news release on its website said, issuing the first licenses for an electronic wallet company and the first license for a payment services company in the Kingdom.
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Saudi Authority Calls on UNESCO to Protect Traditional Khawlani Coffee Cultivation Techniques
- January 20,2020
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- SUSTG Team
The Saudi Heritage Preservation Society has called on UNESCO to protect traditional Khawlani coffee cultivation techniques in Saudi Arabia in a press release, noting that the Arabian tradition “has been passed down for generations by the ancient tribes of Khawlan who have grown and processed Khawlani coffee beans in the verdant valleys of Jazan, a region […]
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MUST-READS
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MERSWHO details Riyadh hospital MERS outbreak as new UAE, Saudi cases noted
The World Health Organization (WHO) today released more details about a MERS-CoV outbreak at King Khalid University Hospital in Riyadh, triggered by a woman whose illness wasn't detected until after she was admitted to a vascular surgery ward.
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War in YemenWar Rages in Yemen, Despite UAE Ceasing Active Military Ops
“After 50 discouraging days of Yemeni peace talks in Kuwait, there is no unified vision for the future. There are alarming signs that the south wants to defect and that radicalism is on the rise," he said.
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War in YemenUAE: War is Not Over in Yemen
The United Arab Emirates clarified Friday that its role in the war in Yemen is not over, contrary to a statement made the day before that was allegedly taken out of context.
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War in YemenUAE says ‘war is over’ for Emirati troops in Yemen
An Arabic version of his comments was worded slightly differently than the English one, saying the war is "practically" over.
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War in YemenUAE helicopter crash in Yemen kills 2 crew
A United Arab Emirates helicopter from the Saudi-led coalition backing government forces in Yemen crashed on Monday, killing both crew, the military said of the second crash in two days.
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Saudi-UAEUAE, Saudi Arabia set up coordination body
In a major boost to bilateral relations, the UAE and Saudi Arabia on Monday set up a joint council to coordinate efforts and bolster ties between the two countries.
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BoeingBoeing signs on to UAE entrepreneurship initiative
The US aerospace and defence company Boeing has partnered with Dubai Chamber of Commerce and Industry (DCCI) and non-profit Injaz UAE to offer seed funding and training to entrepreneurs, as part of efforts to boost Emirati employment in the private sector.
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High Rise FireFire hits UAE residential towers, five injuries reported
It was at least the fourth major high-rise fire in the UAE in three years.
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War in YemenUAE plane crashed in Yemen due to technical fault, pilots killed: coalition
Two pilots died when a United Arab Emirates Mirage plane crashed in Yemen on Monday due to a technical fault while conducting military operations for the Saudi-led alliance, the coalition said in a statement carried by Saudi state media.
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Entrepreneurship in Saudi ArabiaUAE and Saudi Arabia have some of ‘world’s youngest successful entrepreneurs’
The survey found that 63 per cent of people who own a business with a turnover of more than US$6.5 million and have a personal wealth of more than $250,000 in the two countries are under 35 – what the bank calls “millennial entrepreneurs”.
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