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Recent stories from sustg
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Saudi Economic Data Starting to Reflect Coronavirus-Related Shutdown Measures, Jadwa Says
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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In Coordination with Saudi Arabia, U.S. Forces Conduct Amphibious Assault Training on Saudi Islands
In coordination with Saudi Arabia, U.S. forces conducted a training exercise of an amphibious assault on a Saudi island, providing “800 Marines and Sailors the opportunity to train in amphibious operations in a realistic environment,” the U.S. military said.
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Saudi Arabia May Re-Route Tankers if U.S. Blocks or Adds Tariffs on Kingdom’s Oil During Record Glut
Saudi Arabia is preparing to look for alternative destinations for its U.S.-bound crude oil in the event that President Trump adds tariffs or refuses to allow those shipments to offload, sources told Reuters.
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After Coronavirus Hit in 2020, Saudi Economy to Grow 2.9% in 2021, IMF Says
Saudi Arabia’s economy is forecast to contract 2.3 percent in 2020, with non-oil GDP expected to contract by 4 percent due in part to the global recession caused by the spread of the deadly coronavirus, the IMF said.
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Saudi Arabia’s PIF Discloses 8.2% Stake in Carnival Cruises
Saudi Arabia’s Public Investment Fund disclosed on Monday that it had acquired an 8.2% stake in Carnival Corporation & plc, operator of Carnival Cruise line, as of March 26, according to reports.
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Jadwa Investment’s April 2020 Chartbook Shows Early Challenges for Saudi Economy Amid Global Coronavirus Outbreak
Jadwa Investment’s recently-released April 2020 Saudi Chartbook highlighting latest data for the Kingdom’s economy shows indications that the Coronavirus will have a negative impact on the economy as Saudi Arabia locks down to safeguard its citizens.
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Kingdom Will Pay for Coronavirus Treatments, KSA Cases Reach 1453
Saudi Arabia will finance treatment for anyone infected with the coronavirus in the Kingdom, the health minister said on Monday, as Saudi’s total cases reached 1453, according to Reuters.
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Stunning Photos Show Saudi Arabia’s Empty Streets for COVID-19 Curfew
Saudi Arabia on Monday night began implementing a nationwide dusk-to-dawn curfew to halt the spread of COVID-19, urging the public to stay home unless necessary and closing restaurants, cinemas, malls, and other places of gathering.
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Report: Saudi Arabia Asks State Agency Heads to Prepare for Budget Cuts ‘of at Least 20%’
Saudi Arabia has asked state agencies to submit proposals for cuts of between 20% and 30% to their budgets “in a fresh austerity drive to cope with a sharp drop in oil prices” due to a looming price war between Russia and Saudi Arabia, Reuters reports, citing four sources familiar with the matter.
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More Progress for Saudi Women as Kingdom Launches a Women’s Soccer League
Saudi Arabia is launching a soccer league for women, another step forward as the Kingdom continues ahead with its Vision 2030 social and economic reform plan.
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MUST-READS
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Natural Gas in Oman: Too Much of a Good Thing?
It is the largest hydraulic fracturing, or fracking, project outside of the United States, and has used U.S. methods of developing unconventional gas resources that have paid dividends for the sultanate.
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Can Lebanon’s newly designated PM save the economy?
Nominated with the support of Iran-backed Hezbollah and its allies, Prime Minister-designate Hassan Diab and the cabinet he has vowed to form quickly must win over investors and foreign donors.
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Goldman Sachs rules out financing for Arctic drilling. Will other U.S. banks follow?
Goldman Sachs just became the first big U.S. bank to say it will no longer finance new drilling or oil exploration in the Arctic. It may not be the last.
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Can Anything Stop the Flow of Advanced Weapons into Libya?
Today, the UAE, Egypt, Jordan, France and Russia are supporting Hifter’s self-titled “Libyan National Army.” Turkey meanwhile is backing the collection of militias tangentially aligned against Hifter. As a result, advanced military equipment is now flooding into Libya by air, land and sea.
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Perspective: Is the Gulf Crisis with Qatar winding down?
The most difficult negotiations may be the ones that take place within the Quartet and specifically between Saudi Arabia and Abu Dhabi, rather than the direct talks between Saudi and Qatari officials.
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Want to invest in Saudi Aramco? Theres an ETF for that
One of the easiest ways to get some exposure is to invest in the iShares MSCI Saudi Arabia ETF KSA-1.3% , which is the only single-country exchange-traded fund for Saudi stocks. The ETF tracks a grouping of companies called the MSCI Saudi Arabia IMI 25/50 Index. The fund rebalances when the index does, according to its manager, BlackRock.
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Viewpoint: Are Indian unicorns too powerful?
India is home to one of the world's highest proportion of "unicorns"- unlisted companies with a valuation of more than $1bn (£778m). Technology policy researcher Smriti Parsheera discusses the highs and lows of India's unicorn growth story and it's intersection with India's e-commerce policies.
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What happens when League of Legends lands in Saudi Arabia?
Between Dec. 5 and 7, Riyadh Boulevard - part of Riyadh Season - hosted the Arab region's first League of Legends festival and it was marra marra successful (and unimaginably needed).
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What is Behind the Recent Fall in Saudi Arabia’s CO2 Emissions?
The International Energy Agency has recently released data showing that in 2018 Saudi Arabia’s carbon dioxide (CO2) emissions fell by 15 million tonnes of CO2 (MtCO2), or 2.7%, from 577 MtCO2 to 562 MtCO2.
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What comes after Iraqi PM’s resignation?
In a statement, protesters in 10 Iraqi provinces made seven demands following Abdul Mahdi’s resignation announcement, including “ongoing protests until parties disappear and the quota system ends, constitutional amendment, a fair electoral law and a new electoral commission, early elections under UN supervision and accountability for all those implicated in killing protesters, including Abdul Mahdi.”
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