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Saudi King Salman, Crown Prince Mohammed bin Salman Congratulate President-Elect Biden, Harris on Election Win
Saudi Arabia’s King Salman bin Abdulaziz and his son Crown Prince Mohammed bin Salman on Sunday congratulated U.S. President-elect Joe Biden and Vice President-elect Kamala Harris on winning the presidential election, the Saudi Press Agency said.
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Saudi Arabia Plans $2 billion Boost for Space Program by 2030
Saudi Arabia is planning an 8 billion riyals ($2.1 billion) boost for its space program, The Saudi Space Commission (SSC), by 2030 under an economic diversification plan that aims to attract foreign investment and create thousands of jobs for young Saudis, Reuters reports.
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In Washington, Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan Discusses Regional, Global Issues
Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan took part in a virtual appearance yesterday with the Washington Institute for Near East Policy and discussed a range of regional and global issues following the inaugural U.S-Saudi Strategic Dialogue meetings with Secretary of State Mike Pompeo.
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Inflation, Unemployment Tick Up as Kingdom Seeks Path to Recovery for Economy – Report
Saudi Arabia saw an increase in unemployment and an uptick in inflation in recent months as the Kingdom seeks a pathway toward economic recovery following a period of low oil prices and the global Coronavirus pandemic, according to the most recent chartbook from Jadwa Investment.
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Saudi Government Lifts Suspension of Entry and Exit into Saudi Arabia for Residents, Visa Holders
The Government of Saudi Arabia announced changes effective September 15 that allow holders of current residence permits (known as “iqamas”) with a valid entry/exit visa as well as holders of a valid business or visit visa to enter (including exit and re-enter) Saudi Arabia, according to an advisory provided to SUSTG.
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New Digital Art Museum, with ‘Crowdpleasing Immersive Experiences’, to Launch in Jeddah in 2023
Tokyo-based multimedia collective group teamLab has signed a partnership agreement with Saudi Arabia’s Ministry of Culture to provide immersive experiences for a new digital art museum in Jeddah, according to reports, the latest investment by the Saudi government into the culture and lifestyle industry in the Kingdom.
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Saudi Electricity Co. Sells $1.3 Billion of Green Sukuk
Saudi Electricity Co. sold the first green bond in Saudi Arabia in what amounts to the “latest milestone in the expansion of environment-friendly debt instruments,” according to a report in Bloomberg.
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Report: Saudi Aramco Slows Diversification Plans Amid Lower Oil Prices, Dividend Pledge
Saudi Arabia’s state oil company Saudi Aramco is reviewing its diversification and investment plans domestically and internationally as lower oil prices and delivering on a promised dividend have put pressure on the company, according to an exclusive Wall Street Journal report.
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World Bank Pauses ‘Doing Business’ Reports as it Probes Data Collection, Review Irregularities
The World Bank will put on hold further publication of its widely-followed “Doing Business” reports after the organization said it will probe irregularities in data collection, according to Reuters.
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FTSE Russell Launches Saudi Arabian Government Bond Index
Global index provider FTSE Russell launched a bond index for Saudi Arabia to measure the performance of fixed-rate, local currency government bonds, according to reports and a statement from the FTSE.
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Weekly Briefing: Remembrance of Mahsa Jina Amini and calls for change remain strong, as Pezeshkian’s cabinet disappoints
Two years on since the Sept. 16, 2022, killing of Mahsa Amini in police custody and the start of the Woman, Life, Freedom protests, popular demands for social reforms will continue to shape the future of Iran, despite the window-dressing of Pezeshkian’s pseudo-progressive government
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Iran’s Missile Delivery to Russia Triggers Western Backlash
During a press briefing last week, Pentagon Press Secretary Air Force Maj. Gen. Pat Ryder stated: "The United States has confirmed reports that Iran has transferred shipments of Fath 360 close-range ballistic missiles to Russia, which we assess could employ them within weeks against Ukraine, leading to the deaths of even more Ukrainian civilians." He added that right now, U.S. officials have not determined how many missiles are involved, but some press reports claimed Iran might have delivered up to 200 of the weapons. Iran reportedly proceeded with the transfer by loading the weapons on a Russian ship that docked on Iran’s Caspian Sea coast.
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On the Second Anniversary of Mahsa Amini’s Death, Where Do Women Stand in Iran?
Large numbers of women are appearing in public without headscarves and a newly inaugurated government includes a woman cabinet minister, a female vice president in charge of the environment and a woman spokesperson. Despite these efforts, the number of women in the government of President Masoud Pezeshkian is fewer than during the two terms of President Mahmoud Ahmadinejad (2005-2013) and only slightly higher than during the tenure of Hassan Rouhani (2013-2021). There remains skepticism about the depth of these gestures, as Iranian women continue to face substantial structural barriers and cultural attitudes that hinder progress toward gender equality.
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Ronaldo’s Saudi Arabian club Al-Nassr fires another coach
“Al-Nassr can announce that head coach Luis Castro has left the club,” the club said on social media. “Everyone at Al-Nassr would like to thank Luis and his staff for their dedicated work during the past 14 months, wishing them the best of luck for the future.” The Riyadh club drew 1-1 against Al-Shorta of Iraq on Monday in the opening game of the AFC Champions League Elite.
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Saudi’s Red Sea International Co. Subsidiary Signs $405.8 million MEP Works Contract
Red Sea International Company, Saudi Arabia announces that its subsidiary, The Fundamental Installation for Electric Work Co. Ltd. has signed a contract with Modern Building Leaders Co. The value of the contract is SAR 1.52 billion. The contract is related to Supply, installation, testing, and commissioning of mechanical, electrical, plumbing (MEP), and infrastructure works in one of the projects. The duration of the contract is 19 months.
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Saudi Arabia’s SURJ Sports Investment ‘enters race’ for EuroLeague investment
The outlet reports that shareholders in EuroLeague Commercial Assets, the parent company of the EuroLeague and second-tier EuroCup competition, are aiming to sell about a third of the business. It is said to be aiming to sell a minority stake at a €1 billion (US$1.11 billion) valuation. According to the FT, the group is working with investment bank LionTree on the sale process.
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Saudi Arabia’s Boeing 777 road trip: Epic journey from Jeddah to Riyadh’s 2024 Runway
The journey by road of three retired Boeing 777 aircraft of Saudi Arabian airlines (Saudia) from Jeddah to Riyadh has captivated people’s attention throughout Saudi Arabia as onlookers share the aircraft voyage through the deserts and mountains by posting videos and pictures on social media platforms. The Boeing aircraft, which will be displayed at the Riyadh Season 2024 Boulevard Runway zone covered about 1,000 kilometers, from Jeddah airport to Riyadh, on big trucks. The bodies of the planes were transported after their wings, fuselages and other functional components were taken apart.
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IMG teams up with Alamiya Media for Saudi soccer production
IMG, the sports marketing agency giant, has enlisted Alamiya Media, the Saudi-based production facilities company, to provide additional facilities and resource services for its coverage of domestic soccer’s Saudi Pro League (SPL) competition and Saudi Arabian Football Federation (SAFF) games. The partnership follows IMG’s recent appointment by the SPL and SAFF to deliver production services for matches across the top-tier Saudi league, Saudi Super Cup, and King’s Cup.
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Christie’s to open new franchise in Saudi Arabia
The renowned auction house Christie’s is expanding its presence in the Middle East by opening a franchise in Riyadh, led by managing director Nour Kelani. This will be Christie’s second outpost in the region, following the 2005 opening of Christie’s Dubai, which has had a significant impact on the promotion of Arab art and creativity, both contemporary and modern.
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Industry Minister launches Rafed Program for university-based factories
Bandar Alkhorayef, Minister of Industry and Mineral Resources, launched today, Sept. 16, the Rafed Program, which aims to establish innovative factories at universities and technical colleges across the Kingdom, the Saudi Press Agency reported.
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