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QUOTED
“We are converting our power sector and its energy mix to a point whereby 2030 I am confident we will become one of the top producers of solar energy and renewables. We’re also getting involved in nuclear because we want to have all our options open.”
-Saudi Energy Minister Prince Abdulaziz bin Salman, speaking on climate change and clean energy production at a special event during the annual WEF meeting in Davos. [aawsat.com]
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TOP STORY
Officials in Saudi Arabia are taking precautions to stop the spread of a new coronavirus from China, screening arriving passengers and nurses to prevent a public health threat, according to reports. [more]
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TOP STORY
Saudi Arabia and Korea Republic have become one of the first three Asian teams to secure a trip to the Summer Olympics in Tokyo, Fifa reports. [more]
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TOP STORY
Oil demand growth is set to trend higher this year compared with 2019, a recent report from Jadwa Investment finds, citing OPEC forecasts and other global economic factors. [more]
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TOP STORY
The Saudi Heritage Preservation Society has called on UNESCO to protect traditional Khawlani coffee cultivation techniques in Saudi Arabia in a press release, noting that the Arabian tradition “has been passed down for generations by the ancient tribes of Khawlan who have grown and processed Khawlani coffee beans in the verdant valleys of Jazan, a region in the southern-most tip of Arabia, for over 300 years.” [more]
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MORE TOP STORYLINES
Via Matthew Martin and Francine Lacqua in bloomberg.com : Saudi Arabia’s budget deficit is set to expand to 187 billion riyals ($50 billion) this year. The kingdom is counting on the private sector to stimulate growth as it cuts spending. The non-oil economy grew at its fastest in about five years during the third quarter of 2019, but plans to cut government expenditure this year could challenge the kingdom’s ability to sustain that pace.
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Via Gavin Gibbon in arabianbusiness.com : The kingdom is pouring billions into a suite of gigaprojects, transport and mobility schemes, such as Riyadh Metro, designed to wean the country off its dependence on hydrocarbons and throw open its doors to tourists from around the world.
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in icef.com : The Saudi government began to wind down the KASP scholarship programme in 2016, and Saudi numbers in all major receiving countries began to drop off almost right away. But as those recent US numbers suggest, Saudi Arabia remains a very important source market, and a key recruiting ground for agents and educators in the Middle East and North Africa (MENA) region.
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MORE ON THE KINGDOM AND BEYOND
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Saudi Arabia's oil production is expected to reach 11 million barrels per day (bpd) by 2029, according to Amine Mati, the International Monetary Fund’s (IMF) Mission Chief for...[via argaam.com]
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Inclement weather, which recently gripped the eastern part of Saudi Arabia, has sent prices of fish in the region going up by up to...[By Ramadan Al Sherbin via gulfnews.com]
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The Saudi badminton team dominated the medals on the second day of the badminton competition, held at the Sheikh Zayed Sports Complex in Fujairah.
This took...[via spa.gov]
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The Egyptian government denied on Sunday that any foreign investment deal in prime Red Sea coastal land in Ras Gamila has yet been officially...[By Nabila El-Gaafary via newarab.com]
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The revenues of the cinema sector in Saudi Arabia from April 2018 until March of current year amounted to about SR3.7 billion, while the total...[via saudigazette.com]
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Saudi Arabia's sovereign wealth fund PIF has agreed to buy a 51% stake in Telecommunication Towers Company...[By Federico Maccioni via reuters.com]
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As the world marks International Mother Earth Day on April 22, Saudi Arabia continues its effort to mitigate the effects of climate change, accelerate its...[By Ghadi Joudah via arabnews.com]
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Cinema ticket prices are expected to go down drastically in Saudi Arabia following the decision of the Film Commission to cut licensing fees for practicing...[via saudigazette.com]
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Bigwigs behind a Saudi megacity dogged by questions about its viability have wrapped up a tour courting Chinese investors, detailing plans for a futuristic ski...[By Holmes Chan and Robbie Corey-Boulet via finance.yahoo]
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Instead of recycling revenues from oil exports into, say, US Treasuries for future generations, sovereign wealth is being used to kick-start a regional economic and...[By Megren Al-Shaalan, Marwan Elaraby and Renad Younes via thebanker.com]
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The growth forecast for the Middle East and Central Asia was revised slightly lower – to 2.8 per cent in 2024, from...[By Khatija Haque via thenationalnews.com]
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Saudi Arabia and Lebanon's installations at the Venice Biennale seek to redress the balance by questioning masculine views and Western myths surrounding the portrayal...[By Rebecca Ann Hughes via euronews.com]
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Middle East countries spent 4.2 per cent of their gross domestic product (GDP) on defence in 2023, the highest rate globally, as ...[By Deena Kamel via thenationalnews.com]
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After three months of political paralysis, Lebanon has finally formed a government under Prime Minister Hassan Diab. Now comes the task of saving the country...[By Tom Arnold via reuters.com]
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So far this year, the currency has plunged to half its value in 2019. The prices of some consumer goods have doubled, and those of...[By Sarah Dadouch and Asser Khattab via washingtonpost.com]
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Ten ships able to carry about 8 million barrels are floating in the country’s waters, mostly around the key terminals of Es Sider and Ras...[By Grant Smith and Julian Lee via bloomberg.com]
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U.S. President Donald Trump hinted that sanctions on Iraq were still a possibility in a bilateral meeting with Iraq’s president Wednesday, the first since a...[By Samya Kullab and Darlene Superville via militarytimes.com]
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"In the time that I have been in Iraq, we've taken a couple of casualties from ISIS fighting on the ground, but most of the...[By Jeff Schogol via taskandpurpose.com]
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After Soleimani’s death, Tehran swiftly appointed Esmail Ghaani as the new head of the Quds Force, an elite unit in the Revolutionary Guards that handles...[By Nafisa Eltahir via reuters.com]
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“I have one million youth trying to enter the labor market each year. They want a home, they want to marry, they want to raise...[By Taylor Luck via csmonitor.com]
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“The claim is that the S400 and F-35s are incompatible. That’s the claim. Here is our proposal, let’s have a working group and NATO can...[By Luke Baker via reuters.com]
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Up to 40 Syrian soldiers have been killed in an assault by hundreds of militants in north-western Syria, according to Russia's defence ministry.
The ministry, which...[via bbc.com]
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Trump’s remarks, at the Davos Economic Forum in Switzerland, came just hours after the Defense Department acknowledged that it has sent more troops out of...[By Katie Bo Williams via defenseone.com]
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...[via qz.com/]
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World leaders are attending a forum in Jerusalem to mark the 75th anniversary of the liberation of the Auschwitz death camp in Nazi-occupied Poland....[via bbc.com]
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