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Counting The US-Saudi Deals: A Look at What We Know So Far following President Trump’s Visit to Saudi Arabia
- May 23,2017
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- SUSTG Team
Bloomberg and naturalgasintel.com feature a thorough rundown of all of the deals that were announced during the recent visit by President Donald Trump to Saudi Arabia. While the total remains unknown, the deals are estimated to be valued between $300 and $400 billion. Aerospace, Arms and Defense – $110 billion U.S. Department of Defense and Saudi […]
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Following President Trump’s Visit, U.S.-Saudi Business and Diplomatic Ties Reach New Heights
- May 22,2017
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- SUSTG Team
The two-day visit by President Trump and top members of his family and staff to Riyadh, Saudi Arabia marks a new height in the history of U.S.-Saudi diplomatic and business relations as the warm Saudi embrace of President Trump was on full display in the Kingdom. President Trump’s visit amounted to a bonanza for large, established American companies […]
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Flurry of Business Activity in Riyadh as SoftBank To Launch $100 billion Fund during President Trump’s Visit, One of Many Deals Slated for Busy Weekend
- May 19,2017
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- SUSTG Team
Japan’s richest man and Softbank CEO Masayoshi Son will travel to Saudi Arabia and announce the close of the first fundraising round for what will be the world’s biggest private equity fund, backed by Saudi Arabia’s sovereign wealth fund and Apple Inc., according to a Reuters report. The expected launch of the $100 billion Vision Fund […]
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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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Riyadh Summit 2017: Website Launched for Upcoming Events Connected to President Trump’s Visit to Saudi Arabia
- May 16,2017
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- SUSTG Team
A website has been launched detailing the events connected to the arrival of President Donald Trump to Riyadh, Saudi Arabia, his first visit abroad as President. The ‘Riyadh Summit 17′ is a series of events over two days to highlight U.S.-Saudi and Islamic relations. The website URL is https://www.riyadhsummit2017.org/. “The Kingdom of Saudi Arabia welcomes President […]
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World’s Tallest Building Set for Saudi Arabia Delayed Again After Binladen Group Turmoil, Now Expected in 2019
- May 12,2017
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- SUSTG Team
Saudi Arabia’s under-construction Kingdom Tower Jeddah, set to be the world’s tallest building when finished, has been delayed until 2019, Prince Alwaleed bin Talal said at the building’s construction site yesterday. “The project was delayed… but it’ll open (in) 2019,” Prince Alwaleed said. Alwaleed is chairman of Kingdom Holding Company and consistently listed as the […]
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In Interview, Deputy Crown Prince Mohammed bin Salman Discusses Economic Reforms, Regional Challenges
- May 3,2017
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- SUSTG Team
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman gave a wide-ranging interview with Saudi TV station MBC yesterday, discussing regional politics, the war in Yemen, the economy, Vision 2030, and Saudi Aramco’s planned IPO. The interview – given in Arabic – was widely broadcasted in the Kingdom and discussed on social media sites. It was his […]
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Secretary of State Rex Tillerson, Saudi Minister of Commerce Dr. Majed Al-Qassabi Deliver Keynote Remarks at U.S.-Saudi Arabia CEO Summit
- April 20,2017
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- SUSTG Team
Secretary of State Rex Tillerson gave his first on-the-record public speech as Secretary yesterday to the U.S.-Saudi Arabia CEO Summit, hosted by the U.S. Chamber of Commerce, the Saudi Committee for International Trade and the Council of Saudi Chambers of Commerce. The Secretary said that the U.S.-Saudi Relationship should be “taken to new heights” and […]
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FULL TEXT: Secretary of State Rex Tillerson’s Remarks at the U.S.-Saudi Arabia CEO Summit
- April 20,2017
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- SUSTG Team
Full text of the Secretary of State’s remarks at the U.S.-Saudi CEO Summit, hosted by the U.S. Chamber of Commerce, the Saudi Committee for International Trade and the Council of Saudi Chambers of Commerce. *** SECRETARY TILLERSON: (Applause.) Well, thanks so much, Tom, and good afternoon to all of you. And Tom and I are old […]
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Saudi King Salman Returns Home from Asia Tour, Deputy Crown Prince Mohammed Departs United States
- March 20,2017
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- SUSTG Team
Saudi Arabia’s King Salman returned home from a month-long trip to several Asian nations this weekend as Deputy Crown Prince and Minister of Defense Mohammed bin Salman, left the United States. King Salman arrived in Riyadh on Saturday after a successful visit to China, where the Kingdom signed up to $65 billion in trade deals […]
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MUST-READS
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EconomyUAE, Saudi see rebound in non-oil business growth
The overall improvement in business conditions was also supported by further expansions in output, employment and stocks of purchases. The respective rates of growth all eased fractionally since October. Meanwhile, data for prices showed divergent trends, with charges falling despite further inflationary pressure from input costs. Companies suggested that this was due to stronger competition.
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Saudi EconomySaudi non-oil business growth accelerates in November: PMI
Growth in Saudi Arabia's non-oil private sector accelerated last month from a record low in October, a survey of businesses showed on Monday.
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IranIran’s Risky New Business Landscape
Reports abound of foreign investors flocking to Iran to size up the new market. Even so, the investment scene in Iran will not be a free-for-all. Investors must carefully gauge the risks of entering an untested business environment, and of falling foul of remaining US sanctions.
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Saudi-RussiaSaudi and Russian delegates to hold business forum in Moscow
A high-profile business conference hosting Russian and Saudi delegates will begin this week in Moscow, Arab News reported on Tuesday.
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Women's Business ParkJoining forces for new Women’s Business Park
The business park, which plans to train and employ about 20,000 Saudi females over the next 10 years, will be developed on the PNU campus and will include 320,000 square meters of office space, entrepreneur incubators, daycare centers, a family mall, fragmented retail shops, and be a one-stop shop coordination center for government transactions.
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Private Sector Business GrowthOil Slump Weighs on Saudi, U.A.E Businesses as PMI Drops
The slump in oil prices is sapping growth momentum of private businesses in the two biggest Arab economies, according to a key indicator released on Tuesday.
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Saudi-UKBritish FM Philip Hammond says it’s ‘business as usual’ with Saudi Arabia
British Foreign Minister Philip Hammond has said his country’s working relationship with Saudi Arabia is deep rooted and strong, despite recent media reports of tension between Riyadh and London.
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Social MediaSocial Media — Saudi businesses
Many Saudi youth have started online businesses via social media, while many others are using it as a powerful marketing tool.
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Hutham OlayanIBM just named Hutham Olayan, a Saudi businesswoman, to its board
Olayan, who also serves on the board of investment bank Morgan Stanley, heads up operations and investments for North, Central and South America for The Olayan Group. The Saudi Arabian company comprises more than 40 companies in the areas of oil, steel, and fast food. According to a recent Bloomberg report, The Olayan Group is the leading franchise holder for Burger King in the Middle East and North Africa. The conglomerate is also the local Middle East manufacturer of Kleenex, Coca-Cola and Huggies diapers.
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Business in KSASaudi Arabia Opening Up For Business As Oil Strategy Takes Its Toll
Saudi Arabia, for all of its wealth, is essentially still an emerging economy. The country has an enormous oil industry, which accounts for 80 percent of budget revenues, 45 percent of GDP, and 90 percent of export earnings.
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