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Recent stories from sustg
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EU announces five-year Schengen visas for Saudi, Omani and Bahraini citizens
The EU will now allow citizens from Saudi Arabia, Oman, and Bahrain to apply for five-year Schengen visas. This marks a significant step forward in strengthening people-to-people relations between the EU and the GCC.
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Global Defense Spending Spikes in 2023
According to a study by Forecast International in 2023 global defense spending grew at its fastest pace in the last decade as governments respond to security crises unfolding around the world.
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IMF Sees OPEC+ Turn on Oil Production as Boon for Saudi Economy in 2025 – Report
The International Monetary Fund said it expects OPEC and its partners to start increasing oil output gradually from July, “a transition that’s set to catapult Saudi Arabia back into the ranks of the world’s fastest-growing economies next year,” according to a report in Bloomberg. “We are assuming the full reversal of cuts is happening at the beginning of 2025,” […]
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Prospects for Saudi Arabia hitting 2030 Renewable Energy Targets
In 2016 Saudi Arabia’s Vision 2030 had an initial target of deploying 9.5GW of green energy by 2030. The latest revision made in 2023 targets 130GW of renewable power capacity by 2030. GlobalData, a leading data and analytics company, says the Kingdom can come close to that target.
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Saudi Arabia Moves Closer to $1 Billion stake in a Pakistani mine – Report
Saudi Arabia is moving closer to a potential deal to acquire a minority stake in a Pakistan mine controlled by Barrick Gold Corp., people with knowledge of the matter told Bloomberg.
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Saudi Arabia Fares Well in 2024 Kearney FDI Confidence Index
Ongoing economic and business-related reforms helped the United Arab Emirates and Saudi Arabia post the biggest jumps in Kearney’s 2024 Foreign Direct Investment Confidence Index. The countries climbed ten spots from 2023, to eighth for the UAE and 14th for Saudi Arabia.
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Saudi defense minister receives phone call from US counterpart; Kingdom denies role in shooting down Iranian attack
Saudi Minister of Defense Prince Khalid bin Salman received on Sunday a phone call from U.S. Secretary of Defense Lloyd Austin, according to reports.
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Dr. William Greene, CIO of the Hevolution Foundation, joins The 966 to talk latest investments, strategy for Hevolution
William Greene, MD, Chief Investment Officer (CIO) of the Hevolution Foundation, joins The 966 to talk about Hevolution’s investment strategy and role as an investor in the emerging field of Healthspan Science. As CIO, Dr. Greene oversees all aspects of Hevolution Foundation’s investment strategy, planning, analysis, and execution.
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Halo Space to test Balloon Flight from Saudi
Spanish company Halo Space is in talks with Saudi regulators to set up a base in the kingdom for balloon flights into space. Ongoing tests are planned for Saudi Arabia this summer.
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Saudi Arabia Gets First Cannes Official Selection Slot With Drama ‘Norah’
Saudi Arabia has landed its first film in the Cannes Film Festival official selection with “Norah,” a drama by pioneering director Tawfik Alzaidi set in 1990s Saudi, according to reports.
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Saudi Arabia’s Petrorabigh chooses HSBC Capital as adviser for rights issue
Saudi Arabia's Petrorabigh has chosen HSBC Capital as a financial adviser for a 9.26 billion riyal ($2.47 billion) rights issue to fund its expansion, the company said on Wednesday.
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PetroRabigh announces delay in completion of expansion project
Completion will be postponed by at least six months to the second quarter of next year because of “construction market challenges”, said PetroRabigh, a joint venture between national oil giant Saudi Aramco and Sumitomo Chemical.
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Saudi Arabia’s PetroRabigh appoints new CEO
Saudi Arabia's PetroRabigh said on Sunday it had appointed Nasser al-Mahasher as president and chief executive after the resignation of Abdullah bin Saleh al-Suwailem from the position.
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Saudi’s PetroRabigh Q2 net profit slides 79.6%
Saudi Arabia’s Rabigh Refining and Petrochemical Co. (PetroRabigh) reported a 79.6 per cent decrease in net profit in the second quarter on Sunday as petrochemical prices dropped and refinery margins fell.
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Saudi’s PetroRabigh to launch three EPC tenders
Saudi Arabia's PetroRabigh will launch the bidding process on Monday, 5 October, 2015 to build new units, including one to produce clean fuel, at its petrochemical and refining complex in Rabigh.
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Saudi’s PetroRabigh Q2 net profit nearly triples
Saudi Arabia's PetroRabigh on Monday said its second-quarter net profit nearly tripled as margins on some of its products improved.
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Saudi’s PetroRabigh signs $5.2bn loan for expansion
The move reflects the kingdom's determination to diversify its economy even after lower oil prices caused some regional petrochemical and energy projects to stall.
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