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Female Participation in Sports Soars in Saudi Arabia since Vision 2030
- August 4,2020
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- SUSTG Team
Saudi Arabia’s Ministry of Sports said that female participation in sports increased by nearly 150% over the past five years since the announcement of the Vision 2030 program, according to a report.
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Reports: Saudi Arabian-Backed Consortium Pulls Out of Bid for Newcastle United
- July 30,2020
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- SUSTG Team
A Saudi Arabian-backed consortium has pulled out of a bid to buy Newcastle United, the UK-based BBC and Sky News report.
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As Selected Hajj Pilgrims Arrive, Saudi Arabia Appears to Turn Corner on Coronavirus Cases
- July 27,2020
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- SUSTG Team
Saudi Arabia is seeing encouraging progress in the Kingdom’s efforts to stop the spread of Coronavirus, with a decrease in new cases and deaths right before the arrival of a limited number of pilgrims this year for the Hajj, according to official data.
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Reports: Successful Surgery for HRH King Salman
- July 23,2020
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- SUSTG Team
Saudi Arabia’s King Salman bin Abdulaziz underwent a successful laparoscopic surgery for an inflamed gallbladder, the official Saudi Press Agency reports.
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Coming Soon to Saudi Arabia: A ‘World Defense Show’ to Rival Abu Dhabi’s IDEX
- July 17,2020
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- SUSTG Team
Saudi Arabia’s General Authority for Military Industries (GAMI) announced the launch of a new bi-annual “World Defense Show” that will rival neighboring Abu Dhabi’s IDEX, according to a press release.
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Riyadh Becomes New Coronavirus Trouble Spot in Saudi Arabia as Cases Top 225,000 in Kingdom
- July 10,2020
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- SUSTG Team
Saudi Arabia has recorded 3,159 new coronavirus cases over the past 24 hours, raising the total to 226,486, the health ministry announced on Friday.
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Saudi Arabia Begins Return to Normal Life as Second Phase of Reopening Begins
- June 1,2020
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- SUSTG Team
Saudi Arabia has begun the second of three phases in reopening businesses, retail, and restaurants after a Kingdom-wide shutdown to stop the spread of the Coronavirus.
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Saudi Economic Data Starting to Reflect Coronavirus-Related Shutdown Measures, Jadwa Says
- May 4,2020
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- SUSTG Team
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
- April 30,2020
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- SUSTG Team
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
- April 22,2020
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- SUSTG Team
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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MUST-READS
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Saudi AramcoSaudis to Weigh Oil-Price Linked Tax for Aramco Before IPO
Riyadh is mulling a proposal from Saudi Aramco to replace the current fixed royalty on revenues, the same people said, asking not to be named discussing government policies. Aramco has proposed to initially set the royalty at 20 percent -- the same rate as today’s fixed rate -- and increase it automatically if oil prices rise significantly.
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Saudi Aramco IPOSaudi Aramco’s IPO choice: London, New York — or both?
A quadruple listing would be unprecedented — but then everything about the Aramco IPO, the biggest in history, is without precedent.
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Saudi AramcoSaudi Aramco calls in defense firms for offshore security
State oil giant Saudi Aramco plans to increase security around its offshore facilities and has received bids for the work from defense firms, industry sources told Reuters.
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Saudi Aramco IPOSaudi Aramco IPO will leave fund industry with no place to hide
recent proposals from the UK regulator to ease the way for a London quote, by removing some governance requirements for state controlled companies, prompted several asset managers to adopt a posture of principled outrage.
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Saudi Aramco IPOTokyo Seeks Return to Glory Days With Piece of Saudi Aramco IPO
When members of Saudi Arabia’s royal family visited Japan last September and again in March, the Asian country made sure at least one message got through: Please list Saudi Aramco in Tokyo.
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Saudi Aramco IPOFCA proposes new rules that could attract Saudi Aramco IPO to London
The Financial Conduct Authority proposed on Thursday a series of new rules around stock market listings in the UK that could pave the way for Saudi state oil giant Aramco to bring part of its record-breaking initial public offering to London.
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Energy Industrial CitySaudi Aramco gets approval to set up companies for energy industrial city
The creation of "industrial cities" - huge projects in which state institutions play key roles in planning and raising finance, but which seek to attract private investment - is part of the government's efforts to jump-start development. A senior Aramco official said in March, investments in the city are expected to be 16.5 billion riyals ($4.4 billion).
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Saudi AramcoSaudi Aramco’s transformation is underway
What does come across loud and clear from the review is that Aramco is well on the way to transforming itself from being a traditional national oil company (NOC) — like many in the Middle East and other emerging markets — toward the model of what it regards as its global peers Exxon Mobil, BP and Shell — the independent oil companies (IOC).
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Global Oil MarketsSaudi Aramco CEO says oil market could see inflection point, confirms IPO still on track for 2018
Oil market watchers are constantly fretting over the balancing of supply and demand. Many have focused on the supply dynamics since oil's drop in mid-2014, as U.S. shale has compounded a global glut of the commodity. But, Nasser believes this could change in the coming years and people could start worrying about whether there is enough oil to meet demand.
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Saudi Oil PolicySaudi Aramco review confirms record crude oil production in 2016
The review shows that crude production at Aramco — the biggest oil company in the world — averaged a record of 10.5 million barrels of oil per day last year, much bigger than any of its rivals in Russia, Iran or the US. The record was for 2016, before a deal between the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers to cut output came into force.
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