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Annual SIPRI Report: Saudi Arms Purchases Up 275% in Last 5-year Period as Kingdom Remains Largest U.S. Buyer
- February 22,2016
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- SUSTG Team
Saudi Arabia was the second largest arms importer in the world between 2011 and 2015, and the United States was the world’s largest exporter by far during the same period, according to a comprehensive annual report on arms transfers between states by the Stockholm International Peace Research Institute (SIPRI.) The United States exported 33% of […]
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State Department Approves $200m Services Contract Request from Saudi Arabia which will ‘Increase U.S. – Saudi Arabia Military Interoperability’
- February 19,2016
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- SUSTG Team
The State Department has approved a request for continued support services to Saudi Arabia at an estimated cost of $200 million. According to a release from the Defense Security Cooperation Agency (DSCA), the sale “will enhance the foreign policy and national security objectives of the United States by helping to improve the security of an […]
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Saudi Arabia’s War in Yemen Could Put Pressure on Future European Arms Deals
- February 17,2016
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- SUSTG Team
On February 25th, European Union lawmakers are gearing up for a vote on whether to call for an embargo on weapons sales to Saudi Arabia, according to a report in the Canada-based Globe and Mail. Concern in Europe is mounting over Saudi Arabia’s war in Yemen, and the use of European military equipment sold to […]
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In Letter to King Salman, Council of Saudi Chambers Chairman Al-Zamil Urges Payments to Construction Firms
- February 16,2016
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- SUSTG Team
Saudi businessman and Chairman of the powerful Council of Saudi Chambers of Commerce (CSC), Dr. Abdulrahman al-Zamil, has written a letter to Saudi Arabia’s King Salman requesting that he intervene to ensure that the government makes delayed payments to construction companies. Some construction firms have seen scheduled payments from the government delayed by over six […]
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How Long Does Saudi Arabia Have Until it Runs Out of Groundwater?
- February 12,2016
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- SUSTG Team
Water supply for the Saudi Arabia is among its foremost challenges. In 2013, SUSTG wrote about the obstacles facing water sustainability for Saudi Arabia. Some experts predicted full water depletion by 2050 if nothing is done. However, a new local study done by the King Faisal University finds that Saudi Arabia’s timetable for water is […]
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Will 2016 be a Big Year for the Middle East Solar Energy Market?
- February 11,2016
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- SUSTG Team
Writing for Green Tech Media, Jason Deign, comments that the Middle East market for solar energy is anticipating a big year in 2016… maybe. The Middle East Solar Outlook for 2016 produced by the Middle East Solar Industry Association (MESIA) forecasts that more than 4 gigawatts of solar power projects are planned across the region. Deign takes a […]
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Popular King Abdullah Scholarship Program Reported to have New Restrictions along with Reduced Budget
- February 10,2016
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- SUSTG Team
Saudi Arabia’s King Abdullah Scholarship Program (KASP) has reportedly been narrowed to include only top universities and programs, months after the program was expanded to include all students and their families. Founded in 2005 and one of the late King Abdullah’s legacy programs, the scholarship fund covers full tuition, medical insurance, a monthly stipend for living expenses, and […]
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Will Saudi Arabia Remove the Requirement for a Local Partner in a Bid to Boost Foreign Investment?
- February 9,2016
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- SUSTG Team
Saudi Arabia, with low oil prices putting the pinch on virtually every corner of the Saudi economy, is pushing hard for foreign entities to invest in Saudi Arabia. This was a theme at the recently-held U.S.-Saudi CEO Summit in Riyadh, Saudi Arabia in January, as well as the Global Competitiveness Forum held in the Saudi […]
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Jadwa: Saudi Economy will Continue to Slow in 2016
- February 8,2016
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- SUSTG Team
Riyadh-based Jadwa Investment recently released an updated analysis on Saudi Arabia’s economy, painting a gloomy picture of the Kingdom’s economic health in the face of low oil prices. The Saudi economy will continue to slow in 2016 as the private sector gradually adjusts to the new norm of fiscal deficits and lower spending announced by […]
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Saudi Arabia ‘Ready to Participate in Any Ground Operations’ by Coalition in Syria
- February 5,2016
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- SUSTG Team
Saudi Arabia has announced its readiness to send ground troops to Syria to help in the battle against ISIS, or Daesh, according to comments made by a Saudi defense official. “The kingdom is ready to participate in any ground operations that the coalition (against ISIS) may agree to carry out in Syria,” said military spokesman […]
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UAE, Egypt, Jordan, and Bahrain sign $2bn worth of industrial agreements
The meeting kicked off in Amman on Sunday in the presence of Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and the UAE’s special envoy for climate change, HE Ahmed Samir Saleh, Egyptian Minister of Industry and Trade of Egypt, Yousef Al Shamali, Jordanian Minister of Industry, Trade and Supply, and Abdulla Adel Fakhro, Bahraini Minister of Industry and Commerce.
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Japan’s Panthalassa wins $20M Saudi Cup; Baffert 2nd again
Panthalassa led all the way to win the $20 million Saudi Cup by three-quarters of a length on Saturday night, relegating trainer Bob Baffert’s horse, Country Grammer, to second place for the second straight year. Japan nearly swept the first four places until Country Grammer rallied late on the outside under Frankie Dettori. Defending champion Emblem Road was sixth.
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Islamist militants have Pakistan’s police in their crosshairs
The outpost is one of dozens that provide defence against militants waging a fresh assault on Pakistan’s police from hideouts in the border region adjoining Taliban-controlled Afghanistan. The area, part of Khyber-Pakhtunkhwa province, is a hotbed for fighters of the Tehreek-e-Taliban Pakistan (TTP), an umbrella organisation of Sunni Islamist groups.
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Their Hair Long and Flowing or in Ponytails, Women in Iran Flaunt Their Locks
Women are suddenly flaunting their hair: left long and flowing in the malls; tied in a bun on the streets; styled into bobs on public transportation; and pulled into ponytails at schools and on university campuses, according to interviews with women in Iran as well as photographs and videos online. While these acts of defiance are rarer in more conservative areas, they are increasingly being seen in towns and cities.
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Saudi Arabia will supply Ukraine with aid worth $400 million Head of President’s Office
"Ukraine will receive real aid from Saudi Arabia, which is considered the most powerful economy of the Middle East. Within the framework of the visit, two documents were signed in the President’s Office, which formalised supplying Ukraine with a $400,000,000 aid package: $100,000,000 worth of humanitarian aid and $300,000,000 worth of oil products.
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Saudi Arabia will supply Ukraine with aid worth $400 million
"Ukraine will receive real aid from Saudi Arabia, which is considered the most powerful economy of the Middle East. Within the framework of the visit, two documents were signed in the President’s Office, which formalised supplying Ukraine with a $400,000,000 aid package: $100,000,000 worth of humanitarian aid and $300,000,000 worth of oil products.
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Abdullah Al Othaim unveils $1.8bln ‘treasure island’ in Riyadh
Saudi-based Abdullah Al Othaim Investment Company has unveiled its ambitious project - Konoz (Box of Treasures) - a SR7 billion ($1.86 billion) development in capital Riyadh featuring an entertainment city, a luxury hotel and premium residential offering in addition to commercial, F&B and retail outlets. The project's name, inspired by the diverse array of gemstones, embodies the visual and architectural representation of gemstones in its various zones.
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Late Marega strike sends Al Hilal into semi clash with Al Duhail in the Asian Champions League final
Defending champions Al Hilal from Saudi Arabia will take on Qatar's Al Duhail for a place in the Asian Champions League final after Ramon Diaz's side earned a late 1-0 win over Iranian team Foolad in Doha on Thursday. Moussa Marega struck three minutes from time to take Al Hilal into the semi-finals where Al Duhail await after Michael Olunga's brace secured a 2-1 victory over Saudi Arabia's Al Shabab. The winners of Sunday's clash will face Japanese side Urawa Red Diamonds, who secured their place in the decider last year, in a two-legged final on April 29 and May 6.
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Anti-aircraft fire, talk of ‘Plan B’ in Iran as drama at IAEA lurks
Iranian Foreign Minister Hossein Amir-Abdollahian has suggested that Iran will consider an alternative approach if diplomatic efforts to revive the 2015 nuclear deal fail. Coming amid a visit by International Atomic Energy Agency (IAEA) inspectors—and following reports of the detection of uranium enriched to near weapons-grade—Amir-Abdollahian's remarks could allude to a ramping-up of nuclear advancements.
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Saudi campaign’s donations to relief Turkey and Syria exceed above $117 million
The total amount of the Saudi popular campaign’ donations to relief the earthquake-affected people in Turkey and Syria has reached more than SR440 million. Sixteen days after the King Salman Humanitarian Aid and Relief Center (KSRelief) launched the campaign through the Sahem platform, the number of donors who donated in the campaign reached about 1.8 million.
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