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Saudi MCI Proposes New E-Commerce Law
Saudi Arabia’s Ministry of Commerce and Industry has proposed a new draft e-commerce law to govern online transactions in the Kingdom. The eCommerce market share in Saudi Arabia will hit $13.3 billion in 2015, so a new law, if passed, would help to regulate the growing industry. According to the website Tfour.me, Saudi Arabia’s online retail […]
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A Transitioning Kingdom of Saudi Arabia: SUSRIS Interviews Theodore Karasik
This week, SUSRIS featured in two parts a wide-ranging interview with Dr. Theodore Karasik in which the expert discussed the recent transition in Saudi Arabia and the implications for regional and global affairs. Karasik, based in Dubai as a Senior Advisor to Risk Insurance Management and formerly Director of Research and Development at the Institute for […]
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Discovering Business in Saudi Arabia 2014-2015
The Saudi-British Relations Information Service (SBRIS), shares with its readers the 2014-2015 Discovering Business handbook published by Allurentis Ltd, in association with UK Trade and Investment and the Saudi Committee for International Trade. The report series, now available on SBRIS in three sections with more forthcoming, highlights key sectors and provides important, in-depth data on the […]
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HRH Saudi King Abdullah Donates $104M for Syria Food Aid following World Food Program Shortfall
The Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz contributed $104 million to the World Food Program (WFP) to help meet an urgent need for funding to continue food distribution to millions of refugees sheltering in countries neighboring Syria, in Ethiopia and in Kenya, the Embassy said in a press release. “The contribution […]
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Investing in Middle East Healthcare for both Financial and Social Returns
It is no secret that Gulf Cooperation Council (GCC) governments are spending billions of dinars, riyals and dirhams on upgrading their healthcare infrastructure. Local and regional newspapers are filled with stories on newer, bigger and flashier hospital projects. Saudi Arabia’s 2013-2014 budget includes funds for 19 new hospitals in addition to the 102 hospitals currently […]
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Data Compiled by Bloomberg Finds Saudi Oil Sales to U.S. Imperiled by American Shale Boom
Dan Murtaugh and Lynn Doan of Bloomberg report that after years of keeping the price of crude sold to the U.S. low enough to maintain market share, the Kingdom “is losing ground as the shale boom leaves U.S. refiners with ample supplies of inexpensive domestic oil.” Oil imports to the United States have fallen as […]
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Brookings’ Gold: Interactive Data on Foreign Students In U.S. Higher Education
The Brookings Institution has just published a superb report, The Geography of Foreign Students in U.S. Higher Education: Origins and Destinations, which mines foreign student data from the U.S. Immigration and Customs Enforcement to create an extraordinarily informative overview of the foreign student population in the United States. The report covers the period from 2001-2012 when […]
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Jamal Khashoggi Addresses the Deteriorating Security Situation in Iraq and Why ISIS is a Threat to Saudi Arabia and the United States [VIDEO]
As the security situation in Iraq deteriorates and the Islamic State of Iraq and the Levant (ISIL) continues to battle the security forces of the Maliki government in Iraq, SUSTG and SUSRIS hosted a special edition of FocusKSAwith experts to discuss the implications of these developments for Saudi Arabia and the U.S.-Saudi relationship. Joining the panel […]
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PHOTOS: The Private Sector in the Middle East Conference in Riyadh, Saudi Arabia
Organized by the IMF and the Council of Saudi Chambers of Commerce the Private Sector in the Middle East Conferenceon December 3rd, 2013, brought together noted speakers from the public and private sectors to discuss ways to develop the private sector in the Saudi Arabia and the region. Discussing the event in SUSRIS, Eng. Omar Bahlaiwa, […]
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IMG expands partnership with Saudi Pro League and Saudi Arabian Football Federation
The Saudi Pro League (SPL) and Saudi Arabian Football Federation (SAFF) have announced a new five-year production partnership with IMG, a global sports, events, and representation company, for the Roshn Saudi League (RSL), King’s Cup, and Saudi Super Cup, starting from the 2024-25 season.
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Reem Albishi dreams of being Saudi’s first female referee at a FIFA World Cup
Saudi Arabian futsal referee Reem Albishi is making strides toward her ambitious goal of being the Kingdom’s first female referee at a FIFA World Cup. The 27-year-old Jeddah native recently took a significant step forward by officiating at the OFC Futsal Women’s Nations Cup in Honiara, Solomon Islands.
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Navigating Saudi Arabia’s Vision 2030: Career Opportunities for Young Professionals
For young professionals, Vision 2030 is like a treasure map leading to a future filled with opportunities. The digital economy is booming, and with it comes over a million new jobs by 2025 in cutting-edge fields like AI, cybersecurity, and digital marketing. Imagine being part of a tech start-up that could become the next global unicorn, or leading a project in renewable energy that helps Saudi Arabia become a world leader in sustainability.
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Italy’s Saipem wins two contracts worth $1 bln in Saudi Arabia
Italian energy engineering group Saipem (SPMI.MI), opens new tab said on Tuesday it won two offshore contracts in Saudi Arabia worth around $1 billion in total, under an existing long term agreement with oil giant Saudi Aramco (2222.SE), opens new tab. The two contracts involve the engineering, procurement, construction and installation of infrastructure, including subsea pipelines, at the Marjan oil and gas field and the Zuluf and Safaniyah oil fields, Saipem said.
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The Saudi Artists Breathing New Life into Jeddah’s Oldest Neighborhood
Most of the buildings here date back between 200 and 300 years, when Al-Balad was the main entry point for Muslim travelers arriving by sea on their pilgrimage to Mecca. In recent years the district has hosted Ramadan-related events, the Red Sea International Film Festival, and the Balad Beast EDM festival. Three heritage houses, each more than 100 years old and named for the family that formerly lived in them, have been converted into small boutique hotels, the first of their kind in Al-Balad.
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LIV Golf will open its fourth season in Riyadh
LIV Golf, the circuit bankrolled by the Public Investment Fund of Saudi Arabia, will kick off its 2025 season by playing in the country's capital city, Riyadh, for the first time. The tournament, scheduled for Feb. 6-8, will be held at Riyadh Golf Club. Currently in its third season, LIV Golf has played three events in Saudi Arabia, all at Royal Greens Golf & Country Club near Jeddah. The tour's announcement Tuesday revealed the first four sites of the 2025 season.
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Saudi wealth fund raises $2bn to support mega-projects
The Public Investment Fund has raised $2 billion through a combination of sukuk (Islamic bond) and green bond offerings to support its mega-project pipeline. The Saudi wealth fund issued $1.5 billion in three-year sukuk and $500 million in green notes maturing in October 2032, Reuters said, citing a bank document. PIF has tapped into the global bond market for the fourth time this year.
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Tabby plans to go public on Saudi market in 2026
Fintech services provider Tabby plans offer shares to the public in Saudi Arabia in late 2025 or 2026, General Manager Abdulaziz Saja told Argaam on the sidelines of the 24 Fintech Conference.
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Saudi Arabia slams Israeli statements regarding Philadelphi Corridor
The Ministry of Foreign Affairs expressed the Kingdom’s strong condemnation and denunciation of the Israeli statements regarding the Philadelphi Corridor, and the futile attempts to justify the continued Israeli violations of international laws and norms. In a statement carried by the Saudi Press Agency, the ministry vowed its solidarity and support for Egypt in the face of these Israeli allegations.
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US charges Hamas leaders over Oct. 7 attack on Israel
The United States announced criminal charges on Tuesday against Hamas' top leaders over their roles in planning, supporting and perpetrating the deadly Oct. 7 attack in southern Israel. The charges against Yahya Sinwar, the militant group's chief, and at least five others accuse them of orchestrating the Oct. 7 attack, which killed 1,200 people, including more than 40 Americans. That attack triggered an Israeli assault on Gaza that has killed more than 40,800 Palestinians and laid waste to much of the territory.
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UN officials welcome progress in Gaza polio campaign, call for permanent ceasefire
The main United Nations agency for Palestinians said on Wednesday it was making good progress in rolling out a polio vaccine to children in Gaza, but called for a permanent ceasefire in the 11-month war to ease humanitarian suffering. UNRWA said that three days into the campaign in areas of central Gaza around 187,000 children have received the vaccine. The campaign will move to other areas of the enclave in the second stage.
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