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Saudi Prince Turki al-Faisal Outlines Saudi Foreign Policy Principles, Bids Heartfelt Farewell to Late Brother at AUSPC Keynote
- October 19,2015
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- SUSTG Team
In remarks to attendees at the Arab-US Policymaker’s conference in Washington, D.C. last week, HRH Prince Turki al-Faisal outlined a Saudi foreign policy with three central pillars before paying a heartfelt tribute to his brother, the former foreign minister who passed away earlier this year. The remarks, included below, framed Saudi foreign policy around unity, […]
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America is the Only Country that Taxes Their Citizens on Global Income. Here’s Why That Makes Them Toxic to Foreign Employers.
- October 16,2015
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- SUSTG Team
The United States is the only country to tax the earnings of its citizens abroad. Double-taxation, as it is known, is hurting American interests abroad and making the employment of U.S. citizens a toxic proposition for foreign companies. Writing in the Wall Street Journal, which is behind a paywall and requires subscription, Colleen Graffy assails […]
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Perspective: “Lessons from America’s Continuing Misadventures in the Middle East” – Chas Freeman’s Speech to AUSPC in Washington
- October 15,2015
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- SUSTG Team
In the opening keynote at this year’s 24th Arab-US Policymaker’s conference, Ambassador Chas W. Freeman, Jr. discussed the lessons from America’s “continuing misadventures in the Middle East.” The event, hosted by the National Council on U.S.-Arab Relations in Washington, D.C., enters its second day today at the Ronald Reagan International Trade Center. Ambassador Freeman chairs Projects […]
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CMA Tightens Curbs on Anonymous Investors in Preventive Measure to Curb Money Laundering and Terrorist Financing
- October 14,2015
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- SUSTG Team
Saudi Arabia’s Capital Market Authority has further tightened its restrictions on anonymous investors trading shares through brokers in a bid to prevent money laundering and financing of militant groups, Reuters reports. The new rules apply to Saudi and Gulf-based brokers and banks “which offer opportunities to invest in the Saudi stock market through funds called ‘nominee accounts’. […]
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Current and Long-Term Challenges for the Labor Market in Saudi Arabia – Jadwa Investment
- October 12,2015
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- SUSTG Team
A recently released report by Jadwa Investment on the Saudi labor market looks ahead to the potential significant challenges still facing the labor market within Saudi Arabia. “The Saudi Labor Market has undergone significant and dynamic change over the course of the last decade. The labor market is notably segmented and unique challenges are being […]
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Jadwa October 2015 Chartbook: Investment in Foreign Securities Recorded a Monthly Increase, First Time in 2015
- October 9,2015
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- SUSTG Team
Investment in foreign securities recorded a monthly increase for the first time in 2015, an indication that pressure continued to be relieved off foreign reserves as the main deficit financing tool, according to a recently released report by Riyadh-based Jadwa Investment. Additionally, net monthly withdrawals from government accounts continued to be small in August compared to […]
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Iranian Fighters Among Those Captured So Far in Yemen, According to a Former Saudi Navy Captain and Prince
- October 7,2015
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- SUSTG Team
At a NCUSAR-hosted event on Capitol Hill in Washington yesterday, HRH Navy Captain (Ret.) Prince Sultan bin Khalid Al-Faisal told an audience that Iranians and Hezbollah forces have been captured by Saudi-led coalition forces in Yemen. Barbara Slavin in Al Monitor writes that while Prince Sultan bin Khalid Al-Faisal was not speaking on behalf of the Saudi government, “his […]
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Saudi Students in the U.S. Increased 20% from 2013/2014 and Are Increasingly Placed in Diverse Institutions, Study Finds
- October 6,2015
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- SUSTG Team
A recent report on Saudi students in the United States by World Education News and Review (WENR) found that Saudis studying in the U.S. have increased by 20% in the last year and often apply to a wider range of schools other than the elite institutions that are a typical focus of international applicants. The […]
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As Putin Ramps Up Attacks in Support of Assad, Saudi Arabia and the Gulf States Eye a Response
- October 5,2015
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- SUSTG Team
Russia’s recent military escalation in support of Syria’s embattled president is placing Riyadh and Moscow on a collision course as regional powers vie to determine the future of in the war-torn country. In the near term, it is expected that Russian air power will “provide desperately needed air support and boost the morale of Syria’s battered […]
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14 Years After 9/11 Attacks, U.S. Judge Throws Out Suit Against Saudi Arabia
- September 30,2015
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- SUSTG Team
A U.S. judge on Tuesday dismissed claims against Saudi Arabia by families of victims of the Sept. 11, 2001 attacks, just over 14 years after the strikes on the World Trade Center towers and the Pentagon. U.S. District Judge George Daniels in Manhattan said Saudi Arabia “had sovereign immunity from damage claims by families of […]
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MUST-READS
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Trump inherits new region as Iran, Saudi Arabia eye closer ties
Iran and Saudi Arabia are stepping up their pace of engagement. Over the past week, the Kingdom has sent a high-ranking military delegation to Tehran for talks on potential collaboration. Meanwhile, Saudi Crown Prince Mohammed bin Salman (MbS) has directly engaged with Iran’s president, vice president, and foreign minister. However, the dialogue has yet to result in the economic dividends some in Iran anticipated from normalization with Saudi Arabia. Moreover, questions linger about how the regional chessboard may change when Donald Trump returns to the White House in January.
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Trump Will Encounter a Very Different Middle East in His Second Term
Hamas’s attack on Israel on Oct. 7, 2023, was one of those moments that divides history into “before” and “after.” In the attack, Hamas massacred civilians in Israel and took others back to Gaza as hostages. As my colleague Steven Erlanger wrote just two weeks later, the assaults shattered longstanding assumptions about the Israeli-Palestinian conflict, ushering in a period of violent uncertainty.
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Céline Dion performs two of her classic hits at Elie Saab fashion show in Saudi Arabia
On Nov. 13, she performed in Saudi Arabia at 1001 Seasons of Elie Saab, a fashion show celebrating the Lebanese designer’s 45-year career. Céline sang her 1993 classic “The Power of Love,” as well as her 2002 song “I’m Alive.” The show was livestreamed and archived on YouTube. According to the U.K. paper The Standard, the appearance marked Céline’s first-ever performance in Saudi Arabia. According to the paper, Céline said on the red carpet ahead of the show, “Being here for the first time is kind of a dream come true, and Monsieur Elie Saab and his entourage and his beautiful family has welcomed us here. … I’ve been wearing his dresses, his talent for many, many years.”
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Infection, prevention and control excellence in the Kingdom of Saudi Arabia: reducing central line-associated bloodstream infections
In 2021, the Kingdom of Saudi Arabia (Saudi Arabia) faced a significant public health challenge: Central line-associated bloodstream infections (CLABSI) were alarmingly prevalent, particularly in adult intensive care units (ICUs). Through a comprehensive initiative led by the Ministry of Health and involving facility managers and clinicians Saudi Arabia has seen a reduction of 48.8% in the occurrence of CLABSI compared to 2021.
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Saudi’s evolving consumer landscape and how AI can help
In Saudi Arabia, a fascinating shift is under way in consumer behaviour as the country experiences rapid development and transformation. To better understand consumer trends in Saudi Arabia, Google conducted research in partnership with Ipsos and performed an internal analysis. The findings were presented at Google’s Accelerate Saudi event earlier this year.
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Saudi Arabia opens the GCC’s first Dark Sky Park to boost astrotourism
TheAlUla Manara and AlGharameel Nature Reserves officially named as Saudi Arabia’s and GCC’s first-ever Dark Sky Park. Royal Commission for AlUla (RCU) is dedicated to sharing the stunning beauty and deep history of AlUla with the world. By carefully curating experiences that cater to a wide array of interests, RCU ensures that AlUla is a destination poised to astonish every visitor, regardless of their journey’s purpose. The RCU’s efforts to showcase the stunning beauty and rich history of this region have paid off, with the “AlUla Lighthouse” and “Al Gharamil Reserve” recognized as the “First Certified Dark Sky Reserve in the Kingdom and the Gulf” by the “International Dark-Sky Association” (IDA) that is dedicated to eliminating the light pollution in both rural and urban areas.
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Saudi-based company to build largest pet food factory in Middle East
Delicious Food Factory (DFF), based in Jeddah, Saudi Arabia, announced it will construct what it said is the largest pet food factory in the Middle East. The new facility, spanning a total area of 55,000 square meters (592,015 square feet), will have a production capacity of 60,000 tons of dry food and 40,000 tons of wet food annually. Being built north of Riyadh, Saudi Arabia, the factory is expected to be completed by late 2026.
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BlackRock Gets Abu Dhabi License Weeks After Nod for Saudi HQ
BlackRock Inc. received a commercial license to operate in Abu Dhabi, the latest sign that the asset manager is looking to deepen its ties across the region. BlackRock received approval from Saudi Arabia last month to set up its regional headquarters in Riyadh. The $11.5 trillion asset manager has been intensifying its efforts to grow in the kingdom and earlier this year announced it would get as much as $5 billion from the Public Investment Fund to invest in the Middle East and build a Riyadh-based investments team.
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Second Meeting of the Saudi-French Committee for AlUla Issues Joint Statement
Chaired by Saudi Minister of Culture and Governor of the Royal Commission for AlUla Prince Badr bin Abdullah bin Farhan and French Minister of Europe and Foreign Affairs Jean-Noel Barrot, the committee meeting brought together Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah and Saudi Minister of Investment Khalid Al-Falih, in addition to Acting CEO of the Royal Commission for AlUla Abeer AlAkel. The committee meeting was also attended by French Minister of Culture Rachida Dati, French Minister of Economy, Finance and Industrial and Digital Sovereignty Antoine Armand, and Chairman of the French Agency for the Development of AlUla (AfAlUla) Jean-Yves Le Drian.
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Investcorp names Mashaal AlJomaih as CEO for Saudi Arabia unit
Investcorp, the Bahrain-based alternative asset manager backed by Abu Dhabi's Mubadala Investment Company, has appointed financial industry veteran Mashaal AlJomaih as chief executive for its Saudi Arabia unit, as it seeks to boost its ties with investors in the Arab world's biggest economy. Mr AlJomaih, who has more than 20 years of experience in investment and advisory roles, will replace the retiring Yasser Bajsair, Investcorp said in a statement on Sunday. Before joining Investcorp in 2022, Mr AlJomaih held a number of senior positions at BNP Paribas Investment Company and JPMorgan Chase Bank, and co-founded of Darin Partners, a UK-based commercial real estate investment and consultancy.
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