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Saudi Aramco reports 2019 results in ‘difficult macro environment’
- March 16,2020
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- SUSTG Team
Saudi Aramco announced its full-year 2019 financial results, delivering “strong profits and dividends despite a lower price environment and challenging margins in refining and chemicals,” the company said in a press release.
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Saudi Arabia Postpones Red Sea Festival, Takes Other Precautions Against COVID-19
- March 4,2020
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- SUSTG Team
Saudi Arabia is taking unprecedented steps to curb the spread of the Coronavius, or COVID-19, in the Kingdom, announcing that it would suspend the upcoming Red Sea Film Festival after announcing a suspension of the Umrah religious pilgrimage for its citizens and residents.
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Saudi Arabia Continues with Cautious Path on Coronavirus; King Salman, Xi Jinping Speak by Phone
- February 6,2020
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- SUSTG Team
Saudi Arabia continued to take precautionary measures to prevent the arrival and spread of Coronavirus in the Kingdom as King Salman and China’s Xi Jinping spoke by phone today to discuss the outbreak, according to reports.
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KSA sets air traffic records
- July 19,2024
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- SUSTG Team
Saudi Arabia has witnessed remarkable growth in its air traffic during the first half of 2024, according to the General Authority of Civil Aviation (GACA). The Kingdom has reported a significant growth in passenger traffic, flights, air cargo, and connectivity.
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Already a Riyadh Centerpiece, KAFD CEO Gautam Sashittal Discusses Future Plans
- March 14,2024
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- SUSTG Team
Gautam Sashittal, CEO of King Abdullah Financial District Development and Management Company (KAFD DMC), sits with Imogene Lillywhite of Zawya for an extensive interview outlining what is next for the exciting city hub.
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Riyadh Air Makes Waves at Aviation Festival of Asia 2024
- February 28,2024
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- SUSTG Team
New Saudi airline Riyadh Air is touting its new offering at an industry event in Asia, with the CEO and COO giving public appearances and with it a glimpse into the plans and aspirations of the startup airline.
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Al-Falih Says Vision 2030’s Impact on Saudi Economy is Visible in 66% Increase in GDP
- December 12,2023
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- SUSTG Team
Saudi Arabia’s Minister of Investment, HE Khalid Al-Falih, said that the Kingdom’s gross domestic product (GDP) has increased by 66 percent since the launch of Saudi Arabia’s Vision 2030.
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Saudi Arabia Enters Recession Now, Report from Capital Economics Says, but Non-Oil Economy Continues to Shine
- August 2,2023
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- SUSTG Team
Saudi Arabia has entered a recession, a report from Capital Economics said, as oil production cuts designed to prop up prices hurt the Kingdom’s bottom line – but the Kingdom’s non-oil economy continued to grow at a robust pace.
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Saudi Arabia’s Receipts from Oil Sales Abroad Down in May, Lowest in Over a Year – Report
- July 25,2023
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- SUSTG Team
Saudi Arabia’s leadership in OPEC+ with voluntary cuts to production has proven to be costly, sending its receipts from oil sales abroad down by a third, to its lowest in over a year, according to a report in Bloomberg, which cited the Kingdom’s General Authority for Statistics (GASTAT).
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Saudi Arabia Defends Oil Cuts with Russia, Vows to do ‘Whatever Necessary’ to Support Oil Markets
- July 6,2023
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- SUSTG Team
Saudi Arabia’s energy minister Prince Abdulaziz bin Salman defended Riyadh and Moscow’s recent oil cut decisions on Wednesday, which caused only a small, short-term increase in the price of Brent crude as the market shrugged at the move.
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MUST-READS
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ErdoganErdogan says F-35 project would collapse without Turkey
Erdogan’s comments, his strongest challenge yet to warnings that Turkey could be removed from the F-35 project, came a day after he discussed the purchase of the S-400s and the working group proposal with U.S. President Donald Trump in a phone call.
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TurkeyTurkey on an Arms Binge Outdoes World’s Top 15 Defense Spenders
Defense spending in Turkey rose at the fastest pace among the world’s top 15 arms purchasers, a reflection of the burden imposed on the country’s strained finances by NATO’s second-largest army after its foray into neighboring Syria.
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TurkeyTurkey orders detention of 210 military personnel over links to Gulen – Reuters
Istanbul prosecutors ordered the detention of 210 military personnel over suspected links to the network blamed by Ankara for orchestrating a failed 2016 military coup, the Istanbul chief prosecutor’s office said on Friday.
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Turkey EconomyTurkey to End Silence Over $20 Billion Mystery With Reserves
An expected increase of as much as $20 billion in net reserves can’t be seen in official accounts for this year through March 29, according to eight economists surveyed by Bloomberg. Responding to questions over the discrepancy, a Turkish official said the central bank will provide an explanation at a quarterly inflation briefing on April 30. The official asked not to be named, citing rules against speaking to the press.
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TurkeyRussia would be Turkey’s ‘first best choice’ for fighter jets if its F-35 plan flops
If Turkey accepts the S-400, “no F-35s will ever reach Turkish soil. And Turkish participation in the F-35 program, including manufacturing parts, repairing and servicing the fighters, will be terminated, taking Turkish companies out of the manufacturing and supply chain for the program,” wrote a group of bipartisan lawmakers from the Senate Armed Services Committee and Senate Foreign Relations Committee.
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TurkeyHow women who’ve left Turkey are helping those left behind
For a year now, a group of Turkish women living in Massachusetts have gotten up on Sunday mornings, long before their husbands and children, to work on a project they told no one about. The handful of women — who are mainly in their 30s and 40s — meet at each other’s homes, taking turns hosting.
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TurkeyTurkey arrests suspected spies for UAE, investigating Khashoggi link
Turkey has arrested two suspects who confessed to spying on Arab nationals for the United Arab Emirates, and is investigating whether the arrival in Turkey of one of them was related to the murder of Saudi journalist Jamal Khashoggi, a senior Turkish official said on Friday.
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TurkeyTurkey looking at new trade mechanisms with Iran to avoid U.S. sanctions
Foreign Minister Mevlut Cavusoglu said on Wednesday Turkey is looking into establishing new trade mechanisms with Iran, like the INSTEX system set up by European countries to avoid U.S. sanctions reimposed last year on exports of Iranian oil.
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TurkeyTo Turn Turkey’s Economy Around, Erdogan May Have To Loosen Control
After some stinging losses in local elections, Turkey's ruling party is trying to revive the economy. But that'll be difficult as long as President Erdogan doesn't want to share power.
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TurkeyHow Turkey’s industry could suffer from the S-400 deal with Russia
A U.S. diplomatic source has told Defense News that the direct cost of U.S. sanctions on the Turkish industry could reach $10 billion. “And that excludes indirect costs,” he added.
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