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Saudi Prince Khaled bin Salman Visits Washington, Meets with Top Biden Officials; U.S., Saudi Speak on Oil
- July 7,2021
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- SUSTG Team
Saudi Arabia’s deputy defense minister and former ambassador to the United States Prince Khaled bin Salman on Tuesday became the highest-ranking Saudi envoy to visit Washington since Joe Biden became president in January, Reuters reports. The prince represented the Kingdom in talks with senior Biden officials on the Yemen war and threats from Iran. Prince Khaled met […]
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Saudi Arabia to Invest Over $133 Billion in Transportation Sector as Details of New Plan Emerge
- July 6,2021
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- SUSTG Team
New details are emerging regarding Saudi Arabia’s new plans to turbocharge growth in the Kingdom’s transportation sector and place it in more direct competition with the UAE as a hub connecting east and west, according to comments from the Kingdom’s transportation minister this week. Saudi Arabia will invest over 500 billion riyals ($133.34 billion) in airports, […]
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May Economic Figures Show Positive Direction for Saudi Economy in Post-Pandemic Recovery
- July 2,2021
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- SUSTG Team
A number of non-oil indicators for the Saudi economy improved in May, including the non-oil PMI, which continued rising to 56.4 as activity and new orders grew, according to a recently-released Chartbook by Jadwa Investment for the month of May.
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Crown Prince Mohammed bin Salman Launches New Transportation and Logistics Strategy
- June 30,2021
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman on Tuesday launched a new strategy that aims to make the kingdom a global logistics hub and boost the sector’s contribution to non-oil revenues, according to reports. The plans include an “ambitious package of mega-projects” and focuses on aviation, rail, and maritime shipping and logistics, according to the SPA.
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Kingdom’s Net Foreign Assets Fall Again, but Higher Oil Prices Should Lift Reserves in Coming Months
- June 29,2021
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- SUSTG Team
Saudi Arabia’s net foreign assets fell again in May by 0.8% after reaching a 10-year low last month, according to reports, but higher oil prices should boost government figures in the coming months as the Kingdom ramps up production to meet demand.
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83% of SMEs in Saudi Arabia Optimistic About Future Growth, New Mastercard Middle East Study Finds
- June 28,2021
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- SUSTG Team
83% of small and medium enterprises (SMEs) in Saudi Arabia are optimistic about the next 12 months, according to the latest research by Mastercard in a new report released by the company.
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Saudi Reaches Key 70% Vaccination Milestone, but New Cases Reach 10-Month High
- June 24,2021
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- SUSTG Team
Saudi Arabia’s Ministry of Health (MoH) on Wednesday said it has administered more than 16.8 million vaccine doses covering 70 percent of the total adult population in Saudi Arabia, a key milestone as the Kingdom progresses toward a full recovery from the pandemic, according to the Saudi Gazette.
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Will Oil Reach $100 Soon? Traders, Industry Execs See Oil Rising Higher
- June 23,2021
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- SUSTG Team
In April last year, at the height of the pandemic crisis that touched every corner of the globe, oil prices collapsed in a spectacular fashion as demand plummeted and supply continued apace, leaving suppliers in some cases without a place to store their excess crude oil. US oil prices plunged, falling below $0 to $-37.63 a barrel – […]
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Report: Progress Toward the End of the Conflict in Yemen
- June 22,2021
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- SUSTG Team
The Saudi-led coalition fighting to restore the U.N.-backed government in Yemen and the Iran-backed Houthi rebels are working on a peace deal that would bring toward a close the years-long fighting in the country, according to a report in Reuters, which cited three sources.
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Saudi Arabia Plans to Auction Two Major Mining Licenses in 2022 as Kingdom Seeks to Boost Foreign Investments
- June 18,2021
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- SUSTG Team
Saudi Arabia will begin auctioning off two licenses to mine in then mineral-rich Kingdom starting next year, the vice-minister for mining affairs, Khalid al-Mudaifer, told S&P Global Platts on June 16 in an exclusive interview. The mining sector in Saudi Arabia has $1.3 trillion in untapped potential reserve value, according to the minister.
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MUST-READS
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Women in the WorkplaceWomen’s Labor Force Participation Across the GCC
This paper examines women’s integration in the labor force in the Gulf Arab states, paying special attention to differences in public and private sector employment, and national and migrant female labor participation.
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U.S. Foreign PolicyObama defends his wartime strategy and laments Trump’s likely change of course
President Obama made a final public defense of his counterterrorism record at a military base in Tampa on Tuesday just hours before President-elect Donald Trump introduced his choice of a vocal Obama critic to lead the Pentagon at a rally in North Carolina.
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Dakota Access PipelineA Saudi Artist Hoists Flags at Standing Rock to Bring Attention to the Environmental Crisis
One Saudi artist sees parallels between the battle to stop the Dakota Access Pipeline and the impact of oil in his own country.
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Women in Saudi ArabiaMs Saffaa, protest art and the fledgling Saudi Arabia women’s rights movement
“Don’t say Saudi women don’t have a voice. We have a voice. You just haven’t been paying attention.”
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Anti-ISIS CampaignAmerica’s War-by-Airstrike in Three Charts
The U.S.-led air war against the Islamic State in Mosul, Raqqa, and the region, visualized.
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Saudi Investment in the U.S.New Saudi owners of Sony’s former headquarters on Madison Avenue secure $570 million mortgage
Olayan American, a U.S. investing subsidiary of the Saudi investment conglomerate Olayan Group, closed on a $570 million mortgage from a group of lenders, including ING Capital, Bank of East Asia, Crédit Agricole Corporate and Investment Bank, Société Générale, and Natixis Real Estate Capital.
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Smart BuildingsRiyadh landmark named KSA’s ‘smartest’ building
Honeywell has named the King Abdullah Petroleum Studies and Research Center (KAPSARC) as Saudi Arabia’s “smartest” building in the Middle East’s first-ever smart building awards during a special event today in Riyadh.
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Saudi ArtistsSaudi artists struggle for recognition at home
Strict moral and cultural codes kept most art genres underground since 1979, a sharp reversal from the 1960s when the Saudi government encouraged art as a career by sending students abroad on scholarships to study and return home to teach.
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Saudi Real EstateCan Saudi land reforms kick-start an investment boom?
The Saudi real estate market is going through a transformation to prepare for life after oil. As it shakes off decades of inertia it’s becoming vastly more liquid and of far greater interest to foreign investors.
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Yemen Reconciliation EffortsWar pushes Yemen to partition, thwarting peace efforts
Yemen has endured thousands of air strikes and the deaths of more than 10,000 people in a 19-month war that has also unleashed hunger on the desperately poor country - but its biggest challenge may be yet to come.
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