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Difficult Times for the Saudi Binladin Group
- May 5,2016
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- SUSTG Team
The Saudi Binladin Group (SBG) is facing its toughest challenges in the construction giant’s 85 years of operation as tightened government spending and a 8-month restriction on new projects in the pipeline has undermined the company’s finances. Saudi Binladen has announced a reduction in jobs totaling 77,000, or about one-third of its total workforce. “The […]
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The 5 Major Changes Saudi Arabia’s Capital Markets Authority Made to Increase Foreign Investment in the Saudi Stock Market
- May 3,2016
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- Lucien Zeigler
Saudi Arabia’s Capital Markets Authority (CMA) has significantly lowered the barriers to entering the Saudi stock market as a foreign investor and increased the amount which a foreigner may own of a Saudi company, the bourse announced in a release today. “These rules were implemented with the aim of raising the bar in relation to investing […]
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Commentary: Saudi Arabia’s Vision 2030, Don’t Miss the Point
- April 29,2016
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- Richard Wilson
While Saudi Arabia’s Vision 2030 was formally endorsed by the Saudi Council of Ministers and published on April 25, 2016, anticipation about the plan had been building for months. McKinsey & Company’s 165-page Moving Saudi Arabia’s Economy Beyond Oil in December 2015 confirmed the depth of the analysis underway within the Saudi government while Deputy […]
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Deputy Crown Prince Mohammed bin Salman Opens Up on Personal History; ‘Vision for the Kingdom of Saudi Arabia’
- April 22,2016
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- SUSTG Team
In his second exclusive and wide-ranging interview with Bloomberg, Saudi Arabia’s deputy crown prince, chair of the Council of Economic and Development Affairs (CEDA), and minister of defense opened up on his rise to power, his initial struggles and ultimate acceptance under the late King Abdullah, and his fondness for Winston Churchill and Sun Tzu’s The […]
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As President Obama Heads to Saudi Arabia, Economic Cooperation and Enhanced Bi-Lateral Security Will be on Agenda
- April 15,2016
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- Lucien Zeigler and Richard Wilson
As President Obama heads to Saudi Arabia next week to meet with HRH King Salman and attend a GCC summit, familiar topics as well as new issues will be on the agenda for the President’s 3rd official visit to Saudi Arabia and second meeting with King Salman since September. Along with long-standing regional and security concerns that require U.S.-Saudi […]
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In Egypt, Saudi Arabia’s King Salman Reaffirms Commitment to Bi-Lateral Ties
- April 8,2016
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- SUSTG Team
In what is being hailed as a landmark visit, Saudi Arabia’s King Salman arrived in Egypt to re-affirm Saudi-Egyptian ties and engage a critical regional ally on key foreign policy concerns. King Salman, who was also accompanied by Deputy Crown Prince Mohammed bin Salman and dozens of Saudi officials and leaders, including 14 ministers, was received […]
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Crown Prince Mohammed bin Naif Joins Twitter
- April 7,2016
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- SUSTG Team
Following the lead of King Salman and other top Saudi government officials, Saudi Arabia’s Crown Prince has joined the social microblogging website Twitter using the handle @M_Naif_Alsaud. The Crown Prince chairs the Council of Political and Security Affairs (CPSA) and is Minister of Interior of Saudi Arabia. His first tweet, sent on April 5, 2016 […]
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Saudi Arabia was world’s third largest military spender in 2015, surpassing Russia
- April 6,2016
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- SUSTG Team
Saudi Arabia surpassed Russia in military spending for 2015 to be the world’s third largest spender on defense, according to a new report by the Stockholm International Peace Research Institute (SIPRI). The United States retained its top position globally in total military spending in 2015, accounting for almost one-third of all military spending globally. The […]
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Saudi Arabia taking ‘unprecedented hands-on role in housing finance and development’
- April 4,2016
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- SUSTG Team
Saudi Arabia’s housing minister Majed al-Hogail gave an interview with Bloomberg last week in which he discussed the government’s plans to create its own development company and start a mortgage-guarantee fund to encourage banks to increase lending for Saudis. “‘We are looking to improve the productivity of the local developers’ but also trying to attract international […]
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Throwback: Photos of King Salman at King Saud University, 40 Years On
- March 31,2016
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- SUSTG Team
Recently released photos by the Saudi Press Agency (SPA) show King Salman at the King Saud University roughly 40 years ago, as the then-prince assisted in shaping the Riyadh-based University to be what it is today. King Saud University (KSU) is billed as “the premier institution of higher education in the Kingdom of Saudi Arabia. Prince […]
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U.S.-Saudi RelationsTop U.S. military commander moves to ease souring relations with Saudis
After a series of high-profile disputes between the U.S. and Saudi Arabia, the nation’s top military official in the Middle East moved Monday to ease tensions in one of America’s most enduring, yet perplexing alliances.
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U.S.-Saudi RelationsU.S. urges Houthis to keep ceasefire, discusses JASTA with Saudi
U.S. Secretary of State John Kerry on Thursday urged Yemen's Houthis to respect a ceasefire and said Saudi Arabia had a right to be free from rocket attacks like one that he said killed two Saudi civilians.
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SyriaTurkish jets strike U.S.-backed Kurdish militia in Syria
Turkish jets pounded a U.S.-backed group of Kurdish-led militia fighters in northern Syria with more than 20 air strikes overnight, highlighting the conflicting agendas of the two NATO allies in an increasingly complex battlefield.
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MosulIraq’s U.S.-trained counterterrorism troops join the attack on Mosul
Iraq’s elite counterterrorism unit joined the battle to recapture Mosul from the Islamic State for the first time on Thursday, as Iraqi army forces and Kurdish soldiers attacked the militants’ positions outside the city on several fronts.
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U.S.-Saudi CommerceU.S. Official: Saudi Arabia Biggest Commercial Partner in Middle East
Arun Kumar, U.S. Assistant Secretary of Commerce, told Asharq al-Awsat that “Saudi Arabia is the biggest commercial partner of the U.S. in the Middle East,” describing the relations between the two countries as solid.
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YemenU.S. ships defend themselves from 3rd missile attack off Yemen’s coast
The U.S. Navy on Sunday began investigating a possible overnight missile attack from Yemen on a group of American warships in the Red Sea amid uncertainty about what transpired.
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War in YemenIn Yemen’s War, U.S. Fires Back But Plays Down Direct Involvement
By firing back, the U.S. was not escalating its involvement in Yemen beyond its current role as a patron to some of the combatants.
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U.S.-Saudi Security CooperationPerspective: Why the U.S.-Saudi Defense and Security Relationship Will Remain Firm
In the real world, however, the U.S. military continues to be a semi-permanent presence in and around the Arabian Peninsula, with junior support roles for the UK and France.
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War in YemenU.S. support to Saudi Arabia to hinge on Yemen cease-fire
Future American military assistance to Saudi Arabia will hinge partly on whether the gulf kingdom embraces a U.S.-backed cease-fire with Houthi rebels in Yemen, officials said Thursday, as the Obama administration intensifies efforts to distance itself from a bloody bombing campaign.
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RadicalizationU.S. Military Operations Are Factor for Homegrown Terrorists, FBI Study Finds
“Numerous individuals, activities, or experiences can contribute to an extremist’s radicalization,” the report says. “It can be difficult, if not impossible, to predict for any given individual what factor or combination of factors will prompt that individual’s radicalization or mobilization to violence.”
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