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Photos of Saudi Arabia’s Impressive Pavilion at the Hannover Industrial Forum in Germany
- April 11,2013
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- Lucien Zeigler
Saudi Arabia’s presence at the Hannover Industrial Forum, which took place in Hannover, Germany this week, is worth seeing. The Kingdom constructed a massive pavilion to show off business opportunities in Saudi Arabia and provide a networking platform for visitors of the expo in Hannover, Germany.
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Billionaires Prince Alwaleed bin Talal, Bill Gates Team Up to Defeat Polio
- April 10,2013
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- Lucien Zeigler
Two of the richest men in the world, and the two richest men in the United States and Saudi Arabia respectively, are teaming up through their foundations to finally eradicate polio, according to a press release. “The Alwaleed Bin Talal Foundation-Global (Registered in Lebanon), chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, signed […]
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Hard Choices Ahead for MENA Energy Pricing
- April 5,2013
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- SUSTG Team
In order for Saudi Arabia to effectively address some of its most pressing challenges it will need to make some hard, unpopular and, quite likely, disruptive choices. The current uproar over the expulsion of illegal foreign workers, for example, doesn’t change the fact that it is a necessary step in re-ordering the incentives of private-sector […]
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Stanford University in California Asks Five Questions of Saudi MBA Alumnus Fahd Al-Rasheed, CEO And Managing Director Of King Abdullah Economic City (KAEC)
- April 3,2013
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- Lucien Zeigler
Saudi Arabia’s King Abdullah Economic City (KAEC) is set to astonish the world when completed, and it is only one of four brand new cities that will be constructed by the Kingdom in the coming years. At a cost of more than $100 billion, Saudi Arabia began construction on four new economic cities designed to […]
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Op-Ed: Block of WhatsApp, Skype Flunks Smart Phones
- April 2,2013
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- SUSTG Team
The proposal by telecommunications regulatory commissions in Saudi Arabia to ban VoIP services like WhatsApp and Skype, which are an inexpensive and preferred way by many to communicate, particularly between students and families abroad, has caused several in the Saudi media to take issue with the ban.
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A Kingdom’s Thirst: The Saudi Water Challenge
- March 29,2013
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- Lucien Zeigler
It’s no secret that Saudi Arabia is a dry place in a particularly arid region of the world. The dearth of water resources in the Kingdom is among its foremost challenges, with some estimates predicting full depletion by 2050 if nothing is done.
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The Saudis on the ‘Arabian Business’ Power 500 List
- March 29,2013
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- Lucien Zeigler
The ArabianBusiness.com ‘World’s 500 Most Influential Arabs’ list for 2013 was released this week with the revelation that Saudi Arabia’s Prince Alwaleed bin Talal had topped the list for the 9th consecutive year. Although an impressive feat, there are 31 other Saudis on the list doing some amazing things in business, culture, the media and […]
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17-day long Janadriyah festival for Saudi Heritage and Culture to begin April 3
- March 27,2013
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- Lucien Zeigler
The 28th National Festival for Heritage and Culture at Al-Janadriyah showcasing the cultures and traditions of Saudi Arabia will open Wednesday, April 3, the Saudi Gazette reports. The festival is a display of Saudi culture and tradition. China is a guest country at the celebration, and will have a pavilion that is 2.000 sq. meters “at the […]
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Twitter Use Booms in Saudi Arabia: Infographic
- March 23,2013
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- Lucien Zeigler
Bit.ly, a link-tracking service company, published a comprehensive look at global social media use, which found that Saudi Arabia is rapidly embracing Twitter. “In this country, most of the social sharing happens on facebook and twitter, but what about in the rest of the world?” bit.ly asks on its company blog. The findings detail the number of […]
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Unusual Video Footage Shows Saudi Arabia’s Grand Mosque Under Construction
- March 21,2013
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- Lucien Zeigler
Amazing footage of the ongoing construction at Mecca’s Grand Mosque surfaced on Facebook, showing the large-scale reconstructive efforts at the holy site in Saudi Arabia. The video, shot from what looks like a crane, shows worshippers circling the Kaaba with construction efforts ongoing at the mataf expansion not far away. The amateur footage shows the […]
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UN experts call on Saudi Arabia to halt imminent executions amid sharp rise
United Nations human rights experts have called on Saudi Arabia to halt the planned executions of three foreign nationals, amid a significant spike in the Kingdom’s use of the death penalty in recent years. According to two UN Special Rapporteurs – Morris Tidball-Binz, the Special Rapporteur on extrajudicial, summary or arbitrary executions, and Alice Jill Edwards, the Special Rapporteur on torture – three Egyptians were executed by Saudi authorities on Tuesday this week, with two more Egyptian nationals and a Jordanian national due to be executed imminently. The reported upcoming death sentences come as the Kingdom’s executions this year have risen to over 300 people, a record increase in the penalty amid a general rise in the practice in recent years.
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Saudi Arabia launches Milaf Cola, world’s first date-based soft drink
Saudi Arabia recently launched a rather unusual cola, crafted not from corn syrup or cane sugar but from the nation’s most prized fruit—dates. Named Milaf Cola, the drink was developed by Thurath Al-Madina, a subsidiary of the Saudi Arabian Public Investment Fund, and launched at the Riyadh Date Festival by the company’s CEO, Bander Al-Qahtani, and the Saudi agriculture minister Abdulrahman Al-Fadley. The cola’s star ingredient are premium dates which are packed with fiber, antioxidants, and essential minerals such as magnesium and potassium, and are revered in the Middle East for their health benefits. Milaf Cola claims it contains no added sugar and is able to harness the superfood’s health benefits, positioning itself as a healthier alternative to conventional sodas without compromising on flavour.
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Aramco to develop CCS in Saudi Arabia
Saudi Aramco has signed a shareholders’ agreement with Linde and SLB for development of a carbon capture and storage (CCS) hub in Jubail, the Eastern Province of the Kingdom of Saudi Arabia. Phase one of the new CCS hub is expected to capture and store up to 9 million metric tons/year of CO2 from three Aramco gas plants and other industrial sources. The captured CO2 will be transported through a pipeline network and stored below ground in a saline aquifer sink, the operator said in a release Dec. 4. Construction is expected to be completed by end-2027. Later phases could further expand capacity. The overall project is aimed at supporting Aramco's ambition to achieve net-zero Scope 1 and gas emissions across its wholly owned operated assets by 2050.
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Saudi Arabia extends term of $3 bln deposit with Pakistan for another year
Saudi Arabia has extended the term of a $3 billion deposit placed with Pakistan to support its economy for another year, Pakistan's central bank said on Thursday. The term of the deposit, which was maturing on Thursday, was initially signed with State Bank of Pakistan in 2021, and was subsequently rolled over in 2022 and 2023, the bank said.
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Why Assad’s regime is collapsing so quickly
A coalition of armed opposition factions has gone on the offensive in northern Syria, capturing some 250 cities, towns, and villages and more than doubling the territory under its control. Syria’s second-largest city of Aleppo was captured in 24 hours, as Syrian regime front lines collapsed one after the other. After nearly five years of territorial lines of control being frozen across the country, these are dramatic, game-changing developments.
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French President Emmanuel Macron visits Saudi Arabia’s historic AlUla Valley
French President Emmanuel Macron visited the historic AlUla Valley on Wednesday as part of his state visit to Saudi Arabia. Accompanied by the Minister of Foreign Affairs Prince Faisal bin Farhan, Macron began his tour at Hegra, the ancient Nabataean city known for its spectacular stone-carved landmarks, Saudi Press Agency reported. Hegra, also known as Mada’in Salih, was Saudi Arabia’s first UNESCO World Heritage Site. Macron was guided through the most prominent monuments and archaeological sites in the area.
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The new ‘rivers’ of Saudi Arabia
The giant pipelines that criss-cross the country to distribute the desalinated water have been recognised by Guinness World Records as the world’s largest water distribution system – with a total length of more than 14,000km. Indeed, so vast is the network that if all these giant pipelines were laid one after the other, they would roughly stretch from Saudi capital Riyadh, which lies in the centre of the country, to Guadalajara, in western Mexico. The total distribution network is more than 130,000km long, while the collection network stretches to over 50,000km in length, said Mr Al Abdulkarim.
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Two-time Major champion Dustin Johnson announced as latest Golf Saudi ambassador
Two-time PIF Saudi International powered by SoftBank Investment Advisers champion Dustin Johnson has today been announced as Golf Saudi’s newest high-profile ambassador – as the sixth edition of the $5million tournament entered its second day at Riyadh Golf Club. In his ambassadorial role, American Johnson – who won Golf Saudi’s landmark men’s event in both 2019 and 2021 and is competing in Riyadh this week – will help further drive the growth of golf within Saudi Arabia, working closely with country’s National Teams to deliver year-round lessons and coaching.
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Cynthia Erivo, Will Smith, Michelle Yeoh, Emily Blunt Help Open Saudi Arabia’s Red Sea Film Festival
The Red Sea International Film Festival has officially kicked off its fourth edition as A-listers and international auteurs converged in Jeddah’s old town of Al-Balad in Saudi Arabia’s second-largest city for a decidedly glamorous opening ceremony. Emily Blunt, Cynthia Erivo, Eva Longoria, Michelle Yeo, Michael Douglas and Catherine Zeta-Jones in a flowing blue sky gown and cape, Squid Game breakout Hoyeon, Michelle Rodriguez, Bollywood star Aamir Khan, competition jury president Spike Lee, action stars Will Smith and Vin Diesel, Kareena Kapoor, Saudi actor Khaled Yeslam and Daniel Dae Kim were among the global stars in lavish outfits at the opening gala on Thursday night. The glamorous event saw the stars converge on the main building of the city’s new Culture Square that mixes traditional architecture and modern technology. The site is being touted as “the new home of film” in Jeddah and Saudi Arabia.
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Saudi trades in US equities reach 2-year high at $23.88B
Saudi investors executed sell and buy transactions on US equities totaling SAR 89.7 billion, reflecting an increase of approximately SAR 47.1 billion, or 111% year-on-year (YoY), the highest level in two years. Trading by Saudis in US stocks jumped by 53%, or SAR 31.1 billion, compared to SAR 58.6 billion in Q2 2024. The CMA report on the trading value of local authorized brokers in the global markets does not include either details of the number of Saudi portfolios abroad, the number of investors trading directly through foreign brokers, or their trading volumes.
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