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Overview of Saudi Arabia’s Drive Toward Privatization
- May 17,2017
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- SUSTG Team
Saudi Arabia’s push toward privatization is a key component of the government’s ambitious Vision 2030 economic and social reform program, and necessary for the Kingdom’s goals of diversifying its economy away from petroleum revenue dependency. The news service Reuters provides a “factbox” list of Saudi Arabia’s sectors that are making progress toward privatization, and encouraging […]
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Saudi Defense Ministry’s Ideological Warfare Center Combats ISIS’ False Narrative
- May 9,2017
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- SUSTG Team
Saudi Arabia has established an Ideological Warfare Center (IWC) to combat the narrative put forth by extremist groups like ISIS and Al-Qaeda, and to combat extremism at its ideological roots. The IWC is affiliated with the Saudi Ministry of Defense, run by Deputy Crown Prince Mohammed bin Salman, and officially aims to “confront the roots of extremism […]
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IMF: ‘The Redistribution of Oil Wealth Through Government Jobs and Generous Subsidies is No Longer Sustainable’
- May 2,2017
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- SUSTG Team
A recent report by the International Monetary Fund (IMF) finds growth in the Middle East is slightly improving “largely driven by higher oil prices and improved export prospects” but emphasizes that countries will need to continue with plans to diversify their economies and implement policies that support jobs and productivity, like education and infrastructure reforms. “Persistently […]
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Quarterly Oil Market Update from Jadwa Investment finds Cuts Contributing to Lower Balances
- April 25,2017
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- SUSTG Team
If Saudi Arabia as the de-facto head of OPEC used to set the ceiling for the price of oil, now it looks like that role has been taken over – by U.S. shale producers. However, Saudi Arabia can still set the floor. According to recently released data by Riyadh-based Jadwa Investment, Both OPEC and non-OPEC […]
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7 Major Changes to the Kingdom of Saudi Arabia that Happened This Weekend and What They Mean
- April 24,2017
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- Lucien Zeigler
Over the weekend, Saudi Arabia’s King Salman announced a series of major changes to key leadership positions, a new “national security center” for Saudi Arabia that is affiliated with the Royal Court, and more. Here’s what is different now for Saudi Arabia and what those changes mean for the Kingdom, U.S.-Saudi relations and Saudi Arabia’s […]
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Saudi Arabia Arrested 77 Suspected Terrorists Last Month
- April 6,2017
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- SUSTG Team
Saudi security forces arrested 77 terror suspects in March, according to an updated list posted on the Interior Ministry’s Nafethah Tawasol website and as reported in the Jeddah-based Saudi Gazette. The suspects belong to nine nationalities — 53 of them are Saudis. The others included 16 Turks, two Syrians, one Bengali, an Egyptian, an Indian, […]
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Saudi Economic Data for February Paints Another ‘Mixed Picture’
- April 4,2017
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- SUSTG Team
Saudi Arabia’s economic data for the month of February 2017 showed a mixed picture for the Kingdom, with foreign reserves falling to $514 billion in February, the lowest since August 2011. The latest Jadwa Investment monthly chartbook for February finds cash withdrawals from ATMs and POS transactions showed a downward trend, but non-oil PMI was […]
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The Not-So ‘Vanishing Prince’: Saudi Crown Prince Mohammed bin Naif’s Busy Public Schedule and the Dangers of Saudi Kremlinology
- March 10,2017
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- Lucien Zeigler
‘Kremlinology’ originally applied to the attempt by outsiders to understand Russia’s political inner-workings. It can also describe any attempt to understand a secretive organization or process, and the Saudi royal family certainly fits this bill. Conclusions about the inner-workings of Saudi Arabia’s government and royal family based solely on appearance, rumor or sources that may […]
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ExxonMobil Announces $20 billion Investment in Manufacturing on U.S. Gulf Coast
- March 7,2017
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- SUSTG Team
Exxon Mobil Corporation said in a press release that it is expanding its manufacturing capacity along the U.S. Gulf Coast through planned investments of $20 billion over a 10-year period “to take advantage of the American energy revolution.” The projects, at 11 proposed and existing sites, are expected to generate thousands of new high-paying jobs and […]
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Saudi Arabia Gains ‘Upper Hand’ in Competition for Asia Energy Demand with Massive $7b Aramco-Petronas Deal
- February 28,2017
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- SUSTG Team
Oil giant Saudi Aramco signed a $7 billion deal Tuesday to take a 50 percent stake in a mega Malaysian oil refinery project, in a pact expected to help Saudi Arabia increase trade in Southeast Asia and give the Kingdom an “upper hand” in the supply competition for Asia’s energy demand, according to reports. Saudi […]
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U.S. troop strength in Afghanistan down to close to 8,600 ahead of schedule – sources
U.S. troop strength in Afghanistan is down to nearly 8,600, well ahead of a schedule agreed with Taliban militants in late February, in part because of concerns about the spread of the coronavirus, U.S. and NATO officials said.
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Saudi-led coalition says it downs Houthi drones launched at Najran
The Saudi-led coalition engaged in Yemen said its forces intercepted and downed drones launched by the Iran-aligned Houthi movement towards the Saudi border city of Najran on Wednesday in the first such incident since late March. There was no immediate comment from the Houthi group about the attack, which comes after the expiry of a one-month ceasefire announced by the coalition on April 24, an extension of a two-week truce prompted by the coronavirus pandemic.
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Saudi volunteers using their cars and hearts to give back during Ramadan under coronavirus lockdown
As coronavirus lockdown brought normal life in Saudi Arabia to a halt, a group of Saudi princes, doctors, bankers, engineers, businessmen, teachers and students are working to take care of those self-isolating. Over 600 volunteers are working 24 hours a day to distribute essential items and food baskets to quarantine sites across the Makkah region and the Eastern province for free, helping residents stay inside and curb the spread of coronavirus.
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Saudis surge into home delivery service during lockdown
Young Saudis are flocking to work for food delivery apps as the sector experiences a boom sparked by lockdowns to curb the coronavirus crisis. Attracted by the chance to earn extra cash, interact with others and help their communities, the number of Saudis working with delivery services has rocketed by 286 per cent since the outbreak of the coronavirus crisis, the Communications and Information Technology Commission (CITC) said.
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Saudi creatives prosper online during lockdown
Around the world, art galleries, museums and fashion houses turn to digital channels to keep events and exhibitions going during lockdown. So too are local ventures in Saudi Arabia, and one source of art in particular is finding its place in a quarantined world — resulting in increased recognition for the Kingdom’s independent artists and designers.
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Coronavirus spike in Saudi Arabia, Gulf Arab countries prompts new lockdowns
Saudi Arabia and other Persian Gulf Arab countries are seeing a sharp spike in coronavirus cases, prompting governments to reimpose some restrictions that had been lifted late last month ahead of the holy fasting month of Ramadan. Saudi Arabia, the largest Arab gulf country, had recorded about 15,000 cases when Ramadan began. But in less than a month, the kingdom’s numbers quadrupled, with nearly 60,000 confirmed cases as of Wednesday, making it the Arab world’s new hotbed of infection.
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Lebanon begins to reopen after four-day lockdown
But following a surge in infections, Lebanon announced a four-day lockdown last week, reversing earlier moves to reopen cafes and restaurants at 30% capacity and allow public prayer at mosques.
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Saudi Home Run initiative aims to keep people active during lockdown
Registered participants will be able to link their personal profiles with their Strave or Fitbit accounts through the website www.ksahomerun.inphota.com in order to input the information directly from their personal tracking devices.
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Saudi Arabia toughens crackdown on graft
A Saudi anti-graft watchdog said it has investigated 117 cases of financial and administrative corruption during the month of Ramadan as the country presses ahead with a tough clampdown on white-collar malpractices. The watchdog, officially known as the Control and Anti-Corruption Authority, Nazaha, has revealed details of some such cases that range from bribery, forgery, influence peddling and administrative authority misuse.
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In shadow of COVID-19, US-led battle against Islamic State continues
As we wrote back in January, the US campaign against IS does not always get the credit it deserves. A so-called narrative of a US retrenchment from the Middle East sometimes skates over an overwhelming success, and it shouldn’t.
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