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Saudi Desalination Plant Struck by Missile from Yemen, U.S. Drone Shot Down – Reports
- June 20,2019
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- SUSTG Team
A Saudi desalination plant was struck by a missile that appeared to come from within Yemen, according to reports. Hours after the statements from U.S. officials, Saudi Arabia confirmed the missile strike, saying it caused no damage or casualties, the Wall Street Journal reports. Shortly after the strike was made apparent, senior U.S. officials met at […]
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IMF’s Regional Economic Outlook Says Saudi Needs $85 Oil for Fiscal Balance
- April 30,2019
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- SUSTG Team
A recently-released IMF report on the oil-producing Middle East and North African economies said that Saudi Arabia’s newest breakeven price for oil – the price of oil at which its government could fund its operations without a deficit – is $85 on the Brent index. The report is a quarterly update on the economies of oil-producing […]
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Saudi-based Telecom Firm Arabsat is SpaceX’s First Commercial Mission, Falcon Heavy Launch Successful
- April 12,2019
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- SUSTG Team
SpaceX’s Falcon Heavy successfully launched its first commercial mission today with Saudi-based telecom firm Arabsat as its customer in a key demonstration for billionaire entrepreneur Elon Musk’s space company in the race to grasp lucrative military launch contracts, Reuters reports and the companies involved confirm. The Falcon Heavy rocket blasted off from Florida’s Kennedy Space Center […]
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Saudi Tourism Officials Eye $20b Investment for Al-Ula, with Roadshow Planned for This Year – Report
- March 21,2019
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- SUSTG Team
A recent report in Reuters revealed Saudi Arabia’s big ambitions for Al-Ula, in the northwestern corner of the kingdom that was a key site for an ancient civilization and is near to the future planned city NEOM. Saudi Arabia is targeting up to $20 billion of investments through 2035 for a planned landmark tourism destination and will hold a global investor […]
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Second ‘Mega Entertainment Hub’ Planned for Riyadh Will Be Over 30 Acres
- March 12,2019
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- SUSTG Team
Saudi authorities have announced a second major entertainment hub for citizens and visitors of the Kingdom’s capital city, Riyadh. At over 135,000 square meters (33 acres), the new complex will be located in the Al-Rabwa neighborhood of Riyadh and have metro line access via the Salah Al-Din station of the soon-to-be-completed Riyadh metro mega project, the […]
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Analysis: Vision 2030 is Well Underway. Here’s What’s Needed to Make it a Success.
- February 25,2019
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- Hussain Abusaaq
In 2016, Saudi Arabia’s Crown Prince Mohammed bin Salman announced his “Vision 2030″—the most comprehensive transformation plan in the history of the country, which includes wide-ranging social and economic reforms. Vision 2030 was designed as a 14-year project; however, in its first three years, we have already seen tangible advances, such as fiscal consolidation efforts, […]
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Report: Saudi-backed SoftBank Earnings Surge on Vision Fund Valuation
- August 7,2018
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- SUSTG Team
SoftBank has reported a 49.2 percent surge in its latest quarterly earnings due in part to a $2.2 billion gain at its tech-focused Saudi-backed Vision Fund, Zawya reports. According to Zawya, the fund’s investment gain was a result of the sale of the Indian e-commerce company Flipkart to US chain Walmart. An increase in the value of the fund’s […]
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ACWA Power to Build 100MW Solar Project in South Africa Following Major Investment Announcements from Saudi, UAE
- July 16,2018
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- SUSTG Team
ACWA Power says it will begin construction this year on a 100MW solar energy plant in South Africa as Saudi Arabia and the UAE announced that the two countries will invest a combined $20 billion into the country, according to reports. The 100MW Redstone concentrated solar thermal power (CSP) plant, whose construction had initially been scheduled […]
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The Race is On for Ride Sharing Apps in Saudi Arabia to Hire Saudi Women ‘Captinahs’
- June 26,2018
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- SUSTG Team
As Saudi women settle into the driver’s seat, ride-sharing apps like Uber and Careem are gearing up for a race to hire women, according to reports. Careem — the Middle East’s answer to Uber — is recruiting Saudi women to take the wheel and has received over 2,000 applications since announcing it would recruit so-called […]
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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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Qatar Airways to reroute some flights through Saudi airspace
“This evening Qatar Airways began to reroute some flights through Saudi airspace with the first scheduled flight expected to be QR 1365, Doha to Johannesburg at 20.45 this evening, 7 January,” the company said.
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Kingdom of Saudi Arabia’s latest initiatives to boost space activities
It has signed a significant number of international joint cooperation agreements related to space with Brazil, China, France, Germany, Greece, Russia, Ukraine and the United States.
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Qatar Says Bahrain Violated Airspace as Summit Approaches
Qatar informed the United Nations that Bahraini fighter jets violated its airspace, less than two weeks before a meeting of Gulf leaders aimed at strengthening ties in the region.
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Saudi Arabia agrees to allow Israeli commercial planes to cross its airspace: senior Trump official
Saudi Arabia agreed on Monday to let Israeli airliners cross its airspace en route to the United Arab Emirates after talks between Saudi officials and White House senior adviser Jared Kushner, a senior Trump administration official said. Kushner and Middle East envoys Avi Berkowitz and Brian Hook raised the issue shortly after they arrived in Saudi Arabia for talks. “We were able to reconcile the issue,” the official told Reuters.
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Saudi Arabia plans $2 billion boost for space program by 2030
Saudi Arabia is planning an 8 billion riyals ($2.1 billion) boost for its space programme by 2030 under an economic diversification plan that aims to attract foreign investment and create thousands of jobs for young Saudis. The Saudi Space Commission (SSC), set up by a royal decree in late 2018 to stimulate space-related research and industrial activities, has finalised a plan for the government, expected to be revealed later this year, under which the sector's budget would receive an initial boost of 2 billion riyals.
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Aerospace industry records worst quarter as Covid halts sales
Aircraft manufacturers received only 13 orders in July and August, according to the aerospace and defence lobby group ADS. No orders were placed in September. That compares with 152 in the same period in 2019.
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Saudi Arabia’s public spaces dotted with pink for Breast Cancer Awareness Month
The Zahra Breast Cancer Association is one of Saudi Arabia’s leading organizations dedicated to raising awareness about the disease. It has been supporting cancer patients and survivors and normalizing conversations about breast cancer among the community, with a renewed emphasis during October which is Breast Cancer Awareness Month.
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Kushner says Saudi Arabia, Bahrain to allow all Israeli flights to use airspace
“They agreed to open their airspace not just to flights from Israel to the United Arab Emirates and back, but to all eastward travel,” Kushner said. “So when people make requests, they’ll grant those requests. That will save people a lot of time. That knocks down a barrier that’s been up for 72 years.”
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Bahrain to allow Israel flights to UAE over its airspace
The state-run Bahrain News Agency made the announcement without directly naming Israel, just as Saudi Arabia had. However, the announcement late Thursday came just days after Saudi Arabia allowed the first direct Israeli commercial passenger flight to use its airspace to reach the UAE. The statement makes no mention of the kingdom’s rival, Iran, nor Qatar, which Bahrain, Saudi Arabia and the UAE are currently boycotting.
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Saudi Arabia Opens Airspace to Israeli Flights for First Time
Saudi Arabia announced Wednesday that it would allow any flights going to and from the United Arab Emirates to fly over its territory, a move that would give Israel access to some of the kingdom’s airspace for the first time. The announcement, made at the request of the United Arab Emirates, came days after the first direct flight from Israel to the emirates — a symbolic move as the two nations begin normalizing relations.
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