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Netflix, Saudi Animation Studio Myrkott Sign 5-Year Deal for New Saudi-Focused Shows and Films
- September 16,2020
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- SUSTG Team
Global content powerhouse Netflix has signed a 5-year deal with a Saudi animation studio to produce Saudi-focused content for the platform, according to reports.
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Report: Saudi Binladen Group Seeks to Accelerate Corporate-Debt Revamp
- September 9,2020
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- SUSTG Team
Troubled construction giant Saudi Binladin Group (SBG) plans to hire additional advisers “to accelerate one of the Middle East’s biggest corporate-debt revamps and tackle its estimated $15 billion debt pile,” Bloomberg reports.
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With Saudi Success with OPEC+ Cuts, Jadwa Downgrades Saudi GDP Forecast in 2020
- August 26,2020
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- SUSTG Team
A recently-released report by Jadwa Investment revises downward the overall Saudi gross domestic product (GDP), now estimated to contract by 3.7% in 2020, as the Kingdom sees its oil diplomacy achieve enormous successes in stabilizing the markets after dual shocks earlier this year.
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Saudi Arabia Continues Steady Progress against Coronavirus Spread as Officials Emphasize Safety of Future Vaccine Trials
- August 25,2020
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- SUSTG Team
Saudi Arabia continues to make steady progress in preventing the spread of the the Coronavirus after overcoming two waves of new cases and deaths, according to official government data.
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Collier’s: Saudi Hotels Hit Hard by Coronavirus Impact, but Domestic Travel Initiatives will Drive Recovery by 4Q 2020
- August 17,2020
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- SUSTG Team
Like in most other countries around the world, Saudi Arabia’s travel and tourism sector has been hit hard by the Coronavirus as governments continue to introduce measures to slow its spread. A recent report by Collier’s International highlights the severity of the impact.
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Saudi Arabia’s King Salman Leaves Hospital, Sends Out Eid Message
- July 31,2020
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- SUSTG Team
Saudi Arabia’s King Salman bin Abdulaziz was released from the hospital after gallbladder surgery, and published an Eid al-Adha greeting to his followers on Twitter, according to reports.
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Unemployment for Saudis Declines in Latest Labor Figures before Pandemic
- July 14,2020
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- SUSTG Team
Saudi Arabia saw progress in employment for its nationals in the latest labor market figures for Q1 2020, with the General Authority for Statistics’ noting that unemployment among Saudi nationals declined to 11.8 percent in Q1 2020, down from 12 percent in Q4 2019, according to Jadwa Investment.
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Saudi Arabia to Launch Tourism Development Fund with an Initial $4 billion Investment
- June 22,2020
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- SUSTG Team
Saudi Arabia plans to start a tourism development fund with an initial $4 billion investment, according to reports citing an announcement from the Ministry of Tourism.
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1.2 million Expat Workers to Leave Saudi Arabia in 2020, Jadwa Estimates
- June 16,2020
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- SUSTG Team
As many as 1.2 million foreign workers will leave the Saudi labor market in 2020, with an estimated 300,000 already gone this year, according to a recent labor market update by Jadwa Investment.
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Saudi Aramco Completes Acquisition of 70% Stake in SABIC with Purchase of 2.1 Billion Shares on Tadawul
- June 15,2020
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- SUSTG Team
State-owned Saudi Aramco bought 2.1 billion shares of Saudi Basic Industries (SABIC) on the Tadawul, the Kingdom’s stock market, on Sunday, completing its deal to buy 70% of the petrochemical giant, according to a report in Reuters.
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MUST-READS
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U.S.-IranIran rejects U.S. demand for U.N. inspector visit to military sites
Iran has dismissed a U.S. demand for U.N. nuclear inspectors to visit its military bases as “merely a dream” as Washington reviews a 2015 nuclear agreement between Tehran and six world powers, including the United States.
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KurdsWith Referendum Approaching, Kurds Wait for More U.S. Military Aid
A $22 million U.S. Defense Department fund that has helped pay the salaries of Kurdish Peshmerga fighters in northern Iraq is due to run dry in September, worsening a financial crunch as the government in Erbil struggles with billions of dollars in debt.
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U.S.-AfghanistanA ‘win’ in Afghanistan includes peace talks with the Taliban, say U.S. officials in Kabul
The two top U.S. diplomatic and military officials here sought Thursday to allay confusion and concern among Afghans about President Trump’s strategy for Afghanistan, stressing American support for possible peace talks with Taliban insurgents alongside a new, open-ended military commitment.
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Saudi Arms SaleTrump’s Saudi Arms Deal – A Historical Boost for U.S. Industry
he biggest winners in the deal are U.S. defense manufacturing companies. These firms include Lockheed Martin, Boeing, Raytheon, General Dynamics, BAE Systems, and Northrop Grumman. The sale is not only an investment in their domestic production facilities but also a promotion of the advanced technology that American companies have to offer. The FMS will create and sustain jobs all over the U.S.
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Afghanistan PolicyU.S. may sanction Pakistani officials with ties to terrorists, Trump official says
President Donald Trump’s new, get-tough approach with Pakistan’s government could potentially include sanctioning Pakistani government officials with ties to terrorist organizations, a senior administration official said Tuesday morning, part of an overall regional strategy that he said has put Pakistan “on notice” that “business as usual as it has been up to now is over.”
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U.S. Middle East PolicyU.S., Gulf officials hold talks on Mideast peace; Qatar-Saudi rift not discussed
Kushner, U.S. President Donald Trump's son-in-law, U.S. negotiator Jason Greenblatt and deputy national security adviser Dina Powell met Saudi Crown Prince Mohammed bin Salman in Jeddah, then flew to Doha to meet the emir of Qatar, Sheikh Tamim bin Hamad al-Thani.
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Drone StrikesThe U.S. is now routinely launching ‘danger-close’ drone strikes so risky they require Syrian militia approval
U.S. drone pilots now routinely launch missiles at what the Pentagon calls “danger-close” distances to proxy ground forces fighting Islamic State in densely populated cities. Hundreds of U.S special operations forces are deployed in Syria, and in some cases they direct airstrikes. But the “danger-close” missions also require approval from Syrian militia commanders since the missile blasts may put their ground troops at risk.
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Iran Nuclear AgreementIran could quit nuclear deal in ‘hours’ if new U.S. sanctions imposed: Rouhani
Iran could abandon its nuclear agreement with world powers "within hours" if the United States imposes any more new sanctions, Iranian President Hassan Rouhani said on Tuesday.
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Nuclear PowerNuclear Power’s Woes Imperil U.S. National Security, Moniz Says
The decline of the U.S. nuclear-power industry puts America’s security at risk, according to a report being released Tuesday by former Energy Secretary Ernest Moniz that calls for greater federal investment.
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IranIran eyes more funds for missiles, Guards after U.S. sanctions
Iran's parliament gave initial approval on Sunday to a bill to boost spending on Tehran's missile program and the elite Revolutionary Guards in retaliation for new sanctions imposed by the United States.
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