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Recent stories from sustg
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Crown Prince Mohammed bin Salman Visits South Korea ahead of G20 Summit in Japan
- June 27,2019
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman, en route to the G20 meetings in Japan this weekend, made an official and high-level visit to South Korea in a sign of strong ties between the two nations. Photos released by the Saudi Press Agency (SPA) show the Crown Prince was warmly received in South Korea. During the visit, […]
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Saudis Celebrate One Year Anniversary of Women Drivers in the Kingdom
- June 24,2019
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- SUSTG Team
One year ago today, women in Saudi Arabia were legally allowed to drive on the Kingdom’s roads for the first time, a landmark and life-changing event for many Saudi women and an undeniable leap forward for Saudi Arabia’s ongoing economic and social reforms. June 24, 2018 was the first day in which Saudi women were allowed […]
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Houthis Strike Abha International Airport in Saudi as Fears of Widening Conflict Grow
- June 13,2019
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- SUSTG Team
Yemen’s Houthi rebels attacked an airport in southern Saudi Arabia on Wednesday, wounding 26 people, the Saudi Press Agency (SPA) and other reports confirmed. Eighteen people were treated at Abha International Airport for minor injuries and another eight were taken to a hospital, according to the SPA, which quoted Turki al-Malki, spokesman of the US-backed Saudi-led coalition […]
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Putin Highlights Price Difference with Saudis and OPEC+ with Key Production Decision Looming
- June 6,2019
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- SUSTG Team
Saudi Arabia and Russia may not see eye-to-eye on the targeted price of crude oil, which could complicate the two sides’ efforts to reach a joint decision on supply, according to multiple reports. Russian President Vladimir Putin said on Thursday that Russia had differences with OPEC over what constituted an acceptable price for oil, but […]
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Fragile Ceasefire in Key Yemen Port Broken with Fresh Fighting after Cross-Border Drone Attack on Saudi Oil Pipelines
- May 15,2019
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- SUSTG Team
Fresh fighting broke out in a key port in Yemen yesterday, breaking a fragile cease-fire and threatening to complicate a troop withdrawal agreement intended to pave the way for wider peace talks, according to reports. Hodeidah port on the Western coast of Yemen “is a lifeline for millions of Yemenis threatened by starvation because of the war […]
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70 Percent Increase in New Licenses for Foreign Businesses in First Quarter, Al-Omar Says
- April 29,2019
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- SUSTG Team
The number of new licenses approved for foreign businesses in Saudi Arabia rose by 70 percent in the first quarter from a year earlier, the head of Saudi Arabia’s General Investment Authority (SAGIA) said. According to Bloomberg, applications from British and Chinese companies drove the increase, rising by 86 percent and 71 percent, respectively. The data […]
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Senate Overwhelmingly Confirms John Abizaid as US Ambassador to Saudi Arabia
- April 11,2019
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- SUSTG Team
The Senate overwhelmingly voted to confirm retired Gen. John Abizaid as the new US Ambassador to Saudi Arabia on Wednesday in a 92-7 vote, paving the way for the former head of then U.S. Central Command to be the first person to fill the post since President Trump took office. President Trump’s choice for the next U.S. Ambassador to Saudi […]
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House, Senate Vote to End U.S. Support of Yemen War, Setting Stage for Trump Veto
- April 5,2019
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- SUSTG Team
The U.S. House of Representatives approved a resolution on Thursday that would end all U.S. involvement with the Saudi Arabia-led coalition in the war in Yemen, Reuters reports. President Trump is likely to veto the resolution, the second veto of his presidency. The vote in the House was 247-175. 16 Republicans joined the majority Democrats in […]
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Saudi Aramco Opens its Books, Officially the World’s Most Profitable Company
- April 1,2019
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- SUSTG Team
State-owned Saudi Aramco is the world’s most profitable firm, eclipsing global heavyweights like Apple and Samsung, according to new data revealed ahead of a major bond issuance. Saudi Aramco’s earnings last year before interests, taxes, and depreciation stands at $224 billion, almost three times as much as Apple. Net income last year was $111.1 billion. The revelation of […]
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Oil Notches Third Straight Week of Gains, but Global Economy Fears Still Weigh on Prices
- March 22,2019
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- SUSTG Team
Concerns that a looming economic slowdown might soon impact fuel consumption around the world are weighing down oil prices after Saudi Arabia and the OPEC+ group of oil producing nations have successfully reversed a downward trend for oil since the start of 2019. Brent hit a four-month high of $68.69 per barrel on Thursday, up from $51 […]
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MUST-READS
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U.S.-IranU.S.-Iran education exchange plans cool over hardliners’ spy charges
Just before last year's nuclear deal with Iran, five U.S. universities visited the country to explore renewing educational ties that flourished before the Islamic Revolution.
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TadawulSaudi Arabia raises commissions on stock exchange trades
Saudi Arabia’s market regulator raised the commission on trades on the kingdom’s Tadawul stock exchange, which is seeking to attract foreign investors and sell state assets.
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Women's RightsRoyal Women in the Gulf: Agents of Change or Defenders of the Status Quo?
Women of the ruling families of Arab Gulf states are well situated to lead or impede significant change for women in their societies.
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Uber in KSASaudi princess defends Uber: “Change often happens slowly in our ancient kingdom”
As single mother, I know all too well that change often happens slowly in our ancient kingdom. But we shouldn’t let the perfect be the enemy of the good. Expanding access to Uber is the fastest path to empowering women in the Saudi workforce.
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Saudi Young LeadersSaudi Young Leaders Exchange Program
The Saudi Young Leaders Exchange Program (SYLEP) is a three-week leadership and entrepreneurship development program running from July 21 – August 12, 2016 in the United States for 38 Saudi university students ages 20-25.
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Vision 2030Saudi Arabia adds flesh to reform plan, testing its capacity for fast change
Much of the document released yesterday was devoted to explaining the bureaucracy involved in delivering and monitoring the progress of the plan and it bears all the hallmarks of the many consultancy groups that have advised Prince Mohammed bin Salman
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Vision 2030Oil Change: Affluent Saudi Arabia Goes to Work
Saudi Arabia’s leadership has taken up the challenge of weaning the kingdom from its dependence on oil. Ahmed Ameen is just trying to keep his mobile-phone store open.
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MENA M&AMENA’s US$50b to US$60b annual M&A market expected to remain unchanged in 2016: EY
In MENA, distressed asset sales are playing a more prominent role in deal-making, largely because of a tightening of capital.
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MENA M&AMENA’s US$50b to US$60b annual M&A market expected to remain unchanged in 2016: EY
According to the latest edition of the EY Capital Confidence Barometer (CCB), low oil price is having little impact on M&A strategy as MENA executives continue their steadfast pursuit of deal-making. Of the MENA executives surveyed, 37% expect to actively pursue acquisitions in the next 12 months.
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Prince Turki Al-FaisalVeteran Saudi Prince Rejects Idea That Economic Reforms Should Lead To Political Changes
“I don’t see that having an economic vision or plan for Saudi Arabia at this time requires any political alteration,” said Prince Turki al Faisal bin Abdulaziz al Saud. The former Saudi ambassador to the US and the UK made the comments while speaking at the Royal United Services Institute in London on May 16.
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