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Polish Prime Minister Mateusz Morawiecki Visits Riyadh, Meets with Crown Prince Mohammed bin Salman
- March 8,2023
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman “reviewed relations and issues of mutual concern” with Polish Prime Minister Mateusz Morawiecki on Tuesday in Riyadh.
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Report: Saudi Arabia’s Acwa Power Eyes Three More Giant Hydrogen Plants
- March 2,2023
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- SUSTG Team
Saudi Arabia’s ACWA Power company is looking beyond its already ambitious plan to build a massive green hydrogen plant in NEOM, possibly adding as many as three more plants of a similar size and scale in the Kingdom, according to a scoop from Bloomberg.
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Saudi Economy in 2023 Report: Saudi Non-Oil Economy Forecasted to Grow Over 5% — Jadwa Investment
- February 28,2023
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- SUSTG Team
Riyadh-based Jadwa Investment says it sees Saudi Arabia’s non-oil economy continuing its growth streak through 2023, “growing well in excess of 5 percent,” according to a report issued by Jadwa.
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Senior US Delegation in Riyadh for Talks Shows Commitment, Official Tells Al Arabiya
- February 14,2023
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- SUSTG Team
Senior US officials from the Biden administration are in Riyadh this week for security meetings to discuss Iran and other mutual defense concerns, with one official telling reporters that the meetings demonstrate a commitment to the region despite the narrative in the media that the U.S. is seeking to distance itself from the region.
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IMF Head Says Gulf Economies are Becoming More Resilient to Energy Prices
- February 13,2023
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- SUSTG Team
Governments of Gulf countries have made progress toward diversifying their economies away from oil by opening up to private investment and implementing taxes, according to comments from Kristalina Georgieva, the head of the International Monetary Fund.
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LEAPing forward in an increasingly tech-focused Saudi Arabia, Riyadh as a global events destination, and much more
- February 10,2023
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- SUSTG Team
The 966 Episode 75! The hosts discuss the recently-concluded LEAP conference and exhibition in Riyadh and how Saudi Arabia is increasingly becoming a leader in the space in the region. They also discuss how Riyadh is, in general, becoming a more attractive destination for global events, a concept once difficult to imagine before the Kingdom […]
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FDI Inflows into Saudi Arabia Soar in 3Q 2022; MISA Says Investment Licenses Granted Up Over 50%
- February 7,2023
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- SUSTG Team
Saudi Arabia saw more positive economic news this week, as Foreign direct investment (FDI) inflows into the Kingdom rose 10.7% in the third quarter of 2022 over the same period a year earlier. Figures from the investment ministry showed FDI inflows totaled 7.2 billion riyals ($1.9 billion) in the third quarter of 2022, up from 6.5 billion riyals […]
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Physician-scientist Dr. Doaa Alsaleh MD joins The 966, plus a new visa to visit Saudi and much more
- February 3,2023
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- SUSTG Team
In Episode 74, a conversation with Dr. Doaa Alsaleh MD, a physician-scientist at the Icahn School of Medicine at Mount Sinai in New York City on her journey, work, research, and future before returning to work in Saudi Arabia soon. Dr. Doaa was born in Saudi Arabia, got her medical degree in Bahrain, and is now […]
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Saudi Arabia’s Non-Oil Economy Grew 6.2% During the Fourth Quarter of 2022 – Latest Data
- January 31,2023
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- SUSTG Team
In the 4th quarter of 2022, Saudi Arabia’s non-oil sector grew at the fastest pace in more than a year and “helped the kingdom record the fastest overall growth among major global economies,” Bloomberg reports. The non-oil economy grew an annual 6.2% during the fourth quarter of last year, the highest level since the third […]
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Saudi Arabia’s PIF Remains 6th Largest SWF Globally, Latest Data Show
- January 30,2023
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) now has assets worth $607.42 billion and is the 6th largest sovereign wealth fund in the world, according to latest data from the Sovereign Wealth Fund Institute.
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MUST-READS
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Head of Libya’s parliament-approved government calls for peaceful handover of power
Fathi Bashagha, prime minister-designate of Libya's parliament-approved government, called on the Tripoli-based Prime Minister Abdul-Hamed Dbeibah to peacefully hand over power. Bashagha called on Dbeibah to "resort to peace and avoid war." In a letter addressed to Dbeibah on Wednesday, Bashagha said: "This is a sincere and patriotic call, and we look forward to your highly patriotic response to respect the interest of the country."
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Perspective: Interagency animosity stops Arab governments adopting best practices
For example, many governments rightly covet Norway’s 100 percent renewable energy production, Finland’s world-leading innovation levels, or the sophistication of America’s military. However, these successes are built on strategies spanning many sectors. A solitary ministry from an Arab country looking to emulate such success will quickly discover that unless it gets the other relevant ministries on board, its self-improvement efforts will be entirely in vain.
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Saudi government selects IBM as partner for digital skills building
Special note is given to the role of four academies to enhance digital skills – namely, Saudi Digital Academy, Misk Academy, Tuwaiq Academy, and National Information Technology Academy. The initiatives have helped reach more than 15 million beneficiaries, with more than 70,000 young people benefiting from initiatives to enhance their digital skills, along with more than 31,000 trainees and trainees in the Future Skills initiative.
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Saudi Central Bank transforms connectivity between banks and government agencies
As per the Saudi news agency, the program named “Tanfeeth” is part of SAMA’s strategic objective to upgrade its IT infrastructure and optimise administrative processes including speed, quality, and integration with financial institutions operating in Saudi Arabia in line with Saudi Vision 2030.
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Libya’s Government of National Unity to replace oil chairman Sanalla
Libya's Government of National Unity (GNU) moved to replace the National Oil Corp (NOC) chairman and board on Tuesday as control over the state energy producer was drawn further into a complex political standoff between rival factions. According to the text of the decision confirmed to Reuters by a GNU official, Prime Minister Abdulhamid al-Dbeibah will replace veteran NOC chairman Mustafa Sanalla with Farhat Bengdara, the central bank governor before Libya's 2011 revolution.
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Saudi Arabia Elevates Two Women to Senior Roles in Government
Saudi Arabia has appointed two women to senior positions in government, the latest sign that the kingdom is looking to diversify a predominantly male workforce. Shihana Alazzaz has been named the first female Deputy Secretary General of the Saudi Cabinet, according to a royal decree issued on Sunday. Alazzaz was one of the first women licensed to practice law in Saudi Arabia and joins from the Public Investment Fund, where she was general counsel.
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Saudi stock exchange approves listing of $1.5bn government debt
The Saudi stock exchange has approved the listing of SR5.44 billion ($1.5 billion) worth of government debt instruments submitted by the Ministry of Finance, it said in a statement. Divided into two issuances, the first is valued at SR2.86 billion, while the other one has a size of SR2.58 billion.
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Saudi Government Begins Funding Longevity
What exactly this money will be spent on is still unclear, but near the top of the list appears to be helping to fund the long-anticipated Targeting Aging with Metformin Trial, or TAME Trial. Led by Dr. Nir Barzilai, TAME would test whether those taking the popular diabetes drug metformin experience delayed development or progression of age-related chronic diseases—such as heart disease, cancer, and dementia. This study has been in the works for years with funding as the major remaining obstacle.
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US government watchdog says weapons sales to Saudi Arabia, UAE lack oversight
The report, also seen by The New York Times, focuses on attacks between 2015-2021 by the Saudi-led coalition, which has been at war with Yemen's Houthi rebels since March 2015.
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Saudi pro-government commentators relish Biden’s about-face on kingdom
"We said it before and we did not exaggerate, they (Western leaders) will all come successively to Riyadh," tweeted Faisal AlShammeri, a reporter at Saudi-owned Al Arabiya TV. "Realpolitik changed the administration's convictions," he added.
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