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Deputy Crown Prince Mohammed bin Salman Meets with Defense, U.S. Chamber of Commerce Officials
- June 17,2016
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- SUSTG Team
U.S. Defense Secretary Ash Carter hosted an enhanced honor cordon yesterday to welcome Deputy Crown Prince Mohammed bin Salman, Saudi Arabia’s defense minister, at the Pentagon in Washington, D.C. The two leaders and other defense officials from both the U.S. and Saudi Arabia met “for a series of constructive meetings and briefings,” the Pentagon said in […]
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Deputy Crown Prince Mohammed Bin Salman Arrives in Washington to Busy Schedule
- June 13,2016
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- SUSTG Team
Deputy Crown Prince Mohammed bin Salman lands in Washington, D.C. today with a tightly packed agenda planned for his 4-day visit in the nation’s capital. The Deputy Crown Prince who is also Minister of Defense and head of the powerful Council on Economic and Development Affairs (CEDA) will meet with U.S. Secretary of State, John Kerry, […]
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As Vision 2030 Details are Rolled Out, International Banks and Others Look for Opportunities
- June 8,2016
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- Lucien Zeigler
International banks are jockeying for a role in Saudi Arabia’s plans to list part of state-owned Saudi Aramco for an Initial Public Offering (IPO), according to a report in Reuters. Financiers around the world are keen to cash in on a cornerstone of the recently-announced “Vision 2030” economic and social plan, with banks preparing for […]
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Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman to Visit Washington Mid-June
- June 6,2016
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- SUSTG Team
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman will visit Washington, D.C. and other cities in the U.S. in June, as the influential Saudi official plans to discuss both foreign policy and economics, according to sources cited by several news outlets. Because Prince Mohammed is both Minister of Defense and President of the key Council […]
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Comprehensive Document Outlining Saudi Arabia’s Counterterrorism Strategy, Successes Released
- May 26,2016
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- Lucien Zeigler
The Embassy of Saudi Arabia in Washington has distributed a comprehensive document outlining the Kingdom’s efforts to fight terrorism. The detailed publication was distributed to Congress as debate regarding the September 11, 2001 terrorist attacks heat up following the recent unanimous Senate vote to pass the Justice Against Sponsors of Terrorism Act (JASTA) bill. The Kingdom […]
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Report: $7.9 Billion Bid for KAFD by Saudi Arabia’s Public Investment Fund
- May 25,2016
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) is reported to be prepared to make an offer for the King Abdullah Financial District (KAFD), situated between downtown Riyadh and the city’s King Khalid International Airport. The offer, reported by Bloomberg citing unnamed sources, is 30 billion riyals ($7.9 billion) — the amount already spent on KAFD by the Saudi Public […]
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How Riyadh’s King Abdullah Financial District’s Future Has Shifted
- May 11,2016
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- SUSTG Team
Riyadh’s unfinished King Abdullah Financial District (KAFD) located halfway between downtown Riyadh and King Fahd International Airport is headed for new ownership and a revised master plan. KAFD – the city within a city that was originally designed to be home to the Kingdom’s banks and international financial houses – will soon be owned by […]
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Commentary: Saudi Arabia’s Vision 2030, Don’t Miss the Point
- April 29,2016
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- Richard Wilson
While Saudi Arabia’s Vision 2030 was formally endorsed by the Saudi Council of Ministers and published on April 25, 2016, anticipation about the plan had been building for months. McKinsey & Company’s 165-page Moving Saudi Arabia’s Economy Beyond Oil in December 2015 confirmed the depth of the analysis underway within the Saudi government while Deputy […]
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‘Saudi Vision 2030,’ Saudi Arabia’s National Transformation Plan for a New Saudi Economy, Launches with Media Push
- April 25,2016
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- SUSTG Team
Saudi Arabia’s has launched the ‘Saudi Arabia 2030’ National Transformation Plan (sometimes referred to as ‘Vision 2030’) today with a video announcement on Twitter and the first video interview with Deputy Crown Prince Mohammed bin Salman given to the news channel Al Arabiya. Details of the comprehensive plan are expected to include economic and social […]
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Deputy Crown Prince Mohammed bin Salman Opens Up on Personal History; ‘Vision for the Kingdom of Saudi Arabia’
- April 22,2016
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- SUSTG Team
In his second exclusive and wide-ranging interview with Bloomberg, Saudi Arabia’s deputy crown prince, chair of the Council of Economic and Development Affairs (CEDA), and minister of defense opened up on his rise to power, his initial struggles and ultimate acceptance under the late King Abdullah, and his fondness for Winston Churchill and Sun Tzu’s The […]
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MUST-READS
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White House defends decision not to punish Saudi crown prince MbS
“That is what diplomacy looks like. That is what a complicated global engagement looks like and we’ve made no secret and have been clear that we are going to hold them accountable on the global stage,” Psaki said, adding that the administration took steps through the Treasury and State Department.
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Oil climbs to 13-month high on output cuts, weaker dollar
Oil prices scored their seventh straight session of gains for both benchmark contracts on Tuesday, hitting their highest since late January 2020, as supply cuts by major producers and optimism over a recovery in fuel demand support energy markets.
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US clears sale of AH-64Es to Kuwait, smart bombs to Saudi Arabia
The US government has cleared four potential Foreign Military Sales (FMS) to Egypt, Kuwait, and Saudi Arabia. The four FMS cases were posted by the Defense Security Cooperation Agency (DSCA) on 29 February.
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U.S. Arms Sale to Saudis Advances Amid Uproar Over Smart Bombs
The State Department notified Congress that it’s moving to issue a license for the sale of 7,500 precision-guided, air-to-ground munitions valued at $478 million to Saudi Arabia, according to two officials familiar with the issue. Raytheon Technologies Corp. can sell the weapons directly to the Saudi government after receiving the license, which will likely be issued before the Biden administration takes office Jan. 20. Details of the proposed sale were informally briefed to lawmakers in January and drew the criticism of Democratic lawmakers who declined to clear the license.
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Saudi Arabia Bombs Houthi Rebels In Response To Aramco Attack
The coalition led by Saudi Arabia bombed camps of the Houthi rebels in Yemen on Friday after Houthis hit a petroleum distribution center of oil giant Saudi Aramco near Jeddah earlier this week, AFP reported on Friday, citing its correspondents and eyewitnesses. The Saudi-led coalition hit sites believed to be holding rebels of the Iran-aligned Houthi movement in the Yemeni capital Sanaa, the port city of Hodeida, and the city of Amran north of Sanaa, AFP reports.
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Saudi Pharma Climbs to Five-Year High on Covid Pact With CureVac
The shares closed 5.5% higher in Riyadh, taking the gain for the year to 58%. The benchmark Tadawul index rose 0.2%. The non-binding memorandum of understanding with CureVac includes the possibility of extending the supply and distribution rights in the United Arab Emirates, Kuwait, Bahrain, and Oman, the company said. Saudi Pharmaceutical said it’ll determine the financial impact of the deal after obtaining approvals and signing the final deal.
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Analysis: World braced for more bombshells from furious Donald Trump after defeat
The Afghan government fears the move puts their country in danger of being overrun by the Taliban, while even some in the President's own party have questioned his intent. Republican Congressman Adam Kinzinger condemned the order as "an attempt to hobble the next administration." Kinzinger, a former US airman who flew combat missions in Afghanistan, warned that those troops who remain can do little except protect themselves. "With 2,500 troops all you have left is enough troops to defend the remaining troops," he told CNN's New Day on Wednesday.
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Saudi presses on with MBS gigaprojects despite pandemic cuts, oil rout
Between March 4 and September 15, Neom signed deals with the infrastructure consulting firm AECOM, which said it had been tasked to "accelerate the delivery" of the city; The Leaders Development Institute to act as sports advisers; and Air Products, which has been tasked to develop a carbon-free hydrogen plant for $5 billion.
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Review: MbS, Saudi Arabia’s sharpest prince
In “Blood and Oil”, Bradley Hope and Justin Scheck have gone to painstaking lengths to lift the veil on the character of a young man shaking up the country, and beyond. The result is a gripping page-turner.
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Oil climbs on positive China data, rising demand
Oil rose on Monday, supported by an improvement in Chinese factory data and rising energy demand as countries eased lockdowns, but traders remained cautious due to U.S.-China tensions and uncertainty over a U.S. stimulus package.
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