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Saudi Arabia’s progress toward food security, water conservation accelerated by Coronavirus crisis
- May 13,2020
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- SUSTG Team
Saudi Arabia is adjusting to the new realities of the Coronavirus by making strategic investments domestically and internationally into its food supply and agriculture sectors, according to reports.
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‘Pockets of Demand’ Seen Returning for Oil as Suppliers Curb More to Boost Price
- May 12,2020
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- SUSTG Team
Areas of increased demand for oil are emerging as suppliers, lead by Saudi Arabia, cut additional output in hopes of boosting crude’s price, according to reports.
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Saudi Arabia’s Al-Jadaan Announces New Measures to Shore Up Kingdom’s Finances
- May 11,2020
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- SUSTG Team
Saudi Arabia is taking new austerity measures to cope with the impact of the coronavirus pandemic and low oil prices, announcing that it would triple its VAT and slash a cost-of-living allowance for government workers, according to reports and comments from the Kingdom’s finance minister H.E. Mohammed Al-Jadaan.
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Saudi Arabia’s SABIC Closes Deal to Establish JV to Build One of the World’s Biggest Utility-Scale Battery Factories
- May 7,2020
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- SUSTG Team
Saudi Arabia’s SABIC has established a joint venture company to build one of the world’s biggest utility-scale battery factories as global investment in the sector heats up, according to a report in Arab News.
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Analysis: Saudi Arabia Could ‘Emerge from the Pandemic Stronger, both Economically and Geopolitically’
- May 6,2020
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- SUSTG Team
In an opinion piece in Foreign Policy magazine, a former advisor to President Barack Obama and professor at Columbia University says it is likely that Saudi Arabia will emerge from the Coronavirus pandemic “stronger, both economically and geopolitically” and that its bold moves in oil markets created a win for the Kingdom.
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Saudi Economic Data Starting to Reflect Coronavirus-Related Shutdown Measures, Jadwa Says
- May 4,2020
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- SUSTG Team
A significant portion the latest March data on the Saudi economy has begun to reflect the impact of COVID-19 containment measures, Jadwa Investment said in its most recent chartbook.
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Saudi Arabia Taps Foreign Reserves to Weather Coronavirus Crisis
- April 29,2020
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- SUSTG Team
Saudi Arabia’s central bank foreign reserves fell in March at their fastest rate in at least 20 years and to their lowest since 2011, Reuters reports, as the Kingdom draws down on reserves to weather the Coronavirus crisis and keep citizens and residents safe.
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Saudi Arabia Takes $500 Million Stake in Coronavirus-hit LiveNation
- April 28,2020
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- SUSTG Team
Saudi Arabia’s sovereign wealth fund bought a 5.7% stake in the LiveNation, the U.S. events and ticketing company, which is parent to Ticketmaster, according to reports.
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Saudi Arabia Makes First Purchase of Wheat from Kingdom-Owned Farm
- April 27,2020
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- SUSTG Team
Saudi Arabia has made its first purchase of wheat grown from an overseas farmland investment in Ukraine, Reuters reports, as the Kingdom makes progress on a years-long shift toward agricultural imports and water conservation goals.
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‘We are looking into any opportunity’, PIF Chief Says as Saudi Eyes Value Investments
- April 24,2020
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- SUSTG Team
Saudi Arabia’s head of its Public Investment Fund, Yasir Al-Rumayyan, said the fund is looking to make more value investments in the weeks and months to come with global markets down as a result of the Coronavirus pandemic.
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MUST-READS
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Total forms joint venture with Zahid for C&I solar deployment in Saudi Arabia
French oil major Total and industrial conglomerate Zahid Group have established a joint venture (JV) focused on distributed solar generation for Saudi Arabia’s commercial and industrial (C&I) sector.
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Iran and U.S. Get Time for Diplomacy as Atomic Censure Withdrawn
A resolution rebuking Iran over its lack of cooperation with monitors won’t be tabled this week at the International Atomic Energy Agency. The agency’s board is wrapping up a week of meetings in the Austrian capital that focused on Iran’s stepped up production of nuclear fuel and stalled inquiries into the presence of uranium particles at undeclared sites.
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Explosion strikes Israeli-owned ship in Mideast amid tension
An explosion struck an Israeli-owned cargo ship sailing out of the Middle East on Friday, an unexplained blast renewing concerns about ship security amid escalating tensions between the U.S. and Iran. The crew and vessel were safe, according to the United Kingdom Maritime Trade Operations, which is run by the British navy. The explosion forced the vessel to head to the nearest port.
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Biden’s Nominee for CIA, William J. Burns, Set to Trade Diplomacy for Spycraft
As the first career foreign service officer chosen to run the Central Intelligence Agency, he faces a different sort of challenge: guiding a spy agency that, former top intelligence officials say, finds itself at a pivot point. The widely respected Mr. Burns, 64, is expected to win easy approval as President Biden’s CIA director following his confirmation hearing scheduled Wednesday before the Senate Intelligence Committee.
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Commentary: What’s Behind the UAE’s “Shuffle” Diplomacy?
The diverging priorities of Abu Dhabi and Dubai have given the UAE room to maneuver, and, increasingly, elements of the two emirates’ specific approaches are being consolidated within a unified strategy.
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Saudi unemployment rate down to 14.9% in Q3 2020
The unemployment rate among Saudis decreased to 14.9 percent in Q3 2020 from 15.4 percent in Q2 2020, compared to 11.8 percent in Q1 2020, according to data from the Saudi General Authority for Statistics. In addition, unemployment rate among males and females stood at 7.9 percent and 30.2 percent, respectively in the same period.
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Top UAE, Israeli diplomats recall their nations’ long road to peace
Earlier this month, Al Otaiba, the UAE’s ambassador in Washington since 2008, and Issacharoff, Israel’s envoy to Germany since 2017, discussed their two nations’ friendship—as well as their own—for nearly an hour. Their online conversation was hosted by Eliot A. Cohen, dean of Johns Hopkins SAIS and moderated by Eric Edelman, former US ambassador to Finland and Turkey.
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Yemen’s Houthis on Offensive in Bid to Gain Diplomatic Leverage
The Houthi offensive that began earlier this month to seize Marib province, some 120 kilometers east of the capital, Sana’a, has met stiff resistance from troops of Yemen’s internationally recognized government. Marib is its last stronghold. Observers say the Houthis, a Zaydi Shi’ite movement fighting the Sunni Muslim-majority government, want to wrest control of Marib and its oil fields as well as close off Saudi Arabia’s southern border to give them leverage in possible peace talks. But they are also suffering heavy casualties.
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Saudi Space Commission Reviews Plans for Exploration Missions to Mars, Moon
The Saudi Space Commission is reviewing the track of work put into sending exploratory missions to both the Moon and Mars. Concerned authorities in the kingdom have prepared several programs for building national cadres and expanding investment in the space field. Commission Chairman Prince Sultan bin Salman bin Abdulaziz announced that the agency completed all stages of its establishment and concluded many partnerships and agreements both locally and internationally.
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Saudi Arabia extends 5G deployment to 51 cities and provinces
CITC’s quarterly “Meqyas” report for internet speeds and digital content access speed revealed that Zain is top of the list of the spread of 5G services in the Kingdom, covering 44 cities and provinces, followed by the Saudi Telecom Company STC in 22 and finally Mobily in 21 cities and provinces.
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