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Recent stories from sustg
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With Saudi Success with OPEC+ Cuts, Jadwa Downgrades Saudi GDP Forecast in 2020
A recently-released report by Jadwa Investment revises downward the overall Saudi gross domestic product (GDP), now estimated to contract by 3.7% in 2020, as the Kingdom sees its oil diplomacy achieve enormous successes in stabilizing the markets after dual shocks earlier this year.
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Saudi Arabia Continues Steady Progress against Coronavirus Spread as Officials Emphasize Safety of Future Vaccine Trials
Saudi Arabia continues to make steady progress in preventing the spread of the the Coronavirus after overcoming two waves of new cases and deaths, according to official government data.
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Collier’s: Saudi Hotels Hit Hard by Coronavirus Impact, but Domestic Travel Initiatives will Drive Recovery by 4Q 2020
Like in most other countries around the world, Saudi Arabia’s travel and tourism sector has been hit hard by the Coronavirus as governments continue to introduce measures to slow its spread. A recent report by Collier’s International highlights the severity of the impact.
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Saudi Arabia’s King Salman Leaves Hospital, Sends Out Eid Message
Saudi Arabia’s King Salman bin Abdulaziz was released from the hospital after gallbladder surgery, and published an Eid al-Adha greeting to his followers on Twitter, according to reports.
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Unemployment for Saudis Declines in Latest Labor Figures before Pandemic
Saudi Arabia saw progress in employment for its nationals in the latest labor market figures for Q1 2020, with the General Authority for Statistics’ noting that unemployment among Saudi nationals declined to 11.8 percent in Q1 2020, down from 12 percent in Q4 2019, according to Jadwa Investment.
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Saudi Arabia to Launch Tourism Development Fund with an Initial $4 billion Investment
Saudi Arabia plans to start a tourism development fund with an initial $4 billion investment, according to reports citing an announcement from the Ministry of Tourism.
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1.2 million Expat Workers to Leave Saudi Arabia in 2020, Jadwa Estimates
As many as 1.2 million foreign workers will leave the Saudi labor market in 2020, with an estimated 300,000 already gone this year, according to a recent labor market update by Jadwa Investment.
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Saudi Aramco Completes Acquisition of 70% Stake in SABIC with Purchase of 2.1 Billion Shares on Tadawul
State-owned Saudi Aramco bought 2.1 billion shares of Saudi Basic Industries (SABIC) on the Tadawul, the Kingdom’s stock market, on Sunday, completing its deal to buy 70% of the petrochemical giant, according to a report in Reuters.
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With a Bumpy Road Ahead in 2020, Saudi Banks are ‘Well Capitalized’, Executives told Reuters
“Strong capital buffers” will help banks in Saudi Arabia push through a bumpy road ahead in the next few months, according to a Reuters report, which took a measurement of some of the industry’s top CEOs.
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Saudi Arabia’s NIDLP Sees Traction with $1.33b in Loans So Far
Saudi Arabia’s National Industrial Development and Logistics Program (NIDLP) has so far granted loans amounting to SR 5 billion ($1.33b) to over 40 Saudi exporters and increased private sector investments to over SR35 billion, according to a local Saudi newspaper report.
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MUST-READS
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The Geneva Peace Talks: A New Phase in Syria?
We may be moving out of Phase I of the war, where all sides sought decisive victory, and into Phase II, where the regime and major rebel factions reach an accord.
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What’s On Obama’s Agenda for the Saudi Arabia Summit?
“I would not underestimate the psychological impact of the Goldberg article,” said Nasr. “In the region — I was there recently — I think they read it as a statement of policy that the U.S. is declaring very clearly a very different view of the Middle East.”
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Analysis: Are CIA-backed Syrian Rebels Really Fighting Pentagon-backed Syrian Rebels?
The Los Angeles Times’ contention Sunday that “in Syria, militias armed by the Pentagon fight those armed by the CIA” is basically incorrect.
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Perspective: Does Saudi Arabia’s Play For Market Share Make Sense?
As oil has been its only resource and industry of value, the kingdom has treated the business as the treasure that it is.
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Are These Syrian Hackers Cyber Warriors, or Just Thieves?
The newest additions bring the three-year-old “Cyber’s Most Wanted” list to 19 members. The list includes 5 members of China’s People’s Liberation Army and an assortment of hackers from Eastern Europe and Russia.
- Analysis: Selling Saudi Aramco: Necessity or Opportunity?
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Commentary: Can Hezbollah withstand Saudis’ wrath?
The March 14 camp, considered an ally of the Arab Gulf states, has proven itself incapable of confronting Hezbollah in a way satisfactory to these states, because it lacks a unified strategy.
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Perspective: How Can the Rights of Islamic Women Be Improved?
As a Muslim woman, I am empowered by my religious identity. But for many women, religion holds them back. As long as Muslim women suffer social and cultural marginalization, political exclusion, economic discrimination and threats, and acts of violence, we will never reach our full potential.
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Analysis: What Will It Take to Push Iran and Saudi Arabia to Talk?
Thus, seeing that the US is increasingly questioning the strategic importance of the Gulf, Saudi Arabia, and its neighbors, the Gulf Arabs increasingly have to face their problems on their own.
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Perspective: How do new grocery laws mesh with President Obama’s statement that “Saudi represses half of its women paradigm”?
The clear implication of Obama’s view is that if the “elites” were less misogynistic, and if they were “more tolerant,”the Saudi masses would be somehow more “moderate” and “tolerant.”
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