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PHOTO: Kerry Meets with King Salman in Saudi Arabia
U.S. Secretary of State John Kerry is in Riyadh today to meet with King Salman and other high-level Saudi officials. The Secretary’s “Full Schedule” of meetings is an opportunity for the Secretary to build rapport with new Saudi officials, a State Department spokesperson said. The Saudi Press Agency (SPA) published this photo from today’s meeting […]
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‘Subtle Change of Energy Policymaker Line-Up’ Gives King Salman Firm Hand on Energy Policy, Report Says
When Saudi Arabia’s King Salman announced a shake-up of leadership shortly after ascending to the throne in January, one of the Kingdom’s most powerful positions – Minister of Petroleum and Natural Resources – was left unchanged. Ali Al Naimi has been Minister for 20 years, and was CEO and President of Saudi Aramco for 12 years before […]
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Despite ‘Kafalah’ Lending Programs for SMEs, Saudi Banks Leave Startup Entrepreneurs Without Needed Funding
Saudi banks are making it difficult for startups get off the ground by decreasing loans to new entrepreneurs, according to a Bloomberg report, despite the fact that these loans are backed by a government SME Loan Guarantee Program. Deema Almashabi writes that entrepreneurs cannot count on receiving necessary startup capital because “banks are not lending to any startups […]
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Tadawul Up 11.2 Percent This Year, Funds Seen as Increasingly Bullish on Saudi Arabian Equities
After a rough second half of 2014, Saudi Arabia’s stock market, the Tadawul or TASI, has begun a bounce-back. The bourse is up 11.2 percent this year, and a recent Reuters survey of regional asset managers found bullishness in those polled about Saudi Arabia equities and the Tadawul. The current gains in Riyadh are the […]
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King’s Speech at Global Islamic Conference in Mecca to Counter Terrorism Urges Strategy
At the Global Islamic Conference that brought together scholars in Mecca, Prince Khaled Al-Faisal read a speech on behalf of King Salman in which the monarch urged the defeat of extremism and noted, “terrorists do not at all represent Islam.” “Many people have the misconception that terrorism is the main feature of Islam and Muslims,” […]
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Military Officials from 26 Nations Battling Daesh Begin 2-Day Summit in Saudi Arabia
Military officials from 26 nations descended on Saudi Arabia this week for a two-day meeting to discuss joint efforts to combat the self-styled Islamic State extremist group, or Daesh, in Iraq and Syria, according to the Saudi Press Agency. According to the Military Times, the head of the U.S. military’s Central Command, Gen. Lloyd Austin, […]
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Jadwa Investment: Healthy Growth in Consumer Spending; Strong Consumption Growth in 2015 Likely
A recently released note by Riyadh-based Jadwa Investment predicts strong growth in consumer spending on the back of recent spending announced in Royal Decrees. Jadwa: “December data showed healthy growth in both cash withdrawals from ATMs and point of sale transaction. Consumption growth in 2015 is likely to be strong following the recent Royal decrees. […]
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#FocusKSA Video: Theodore Karasik on Saudi Arabia’s Political Transition
Gulf-based expert and analyst Theodore Karasik discussed the political transition in Saudi Arabia following the death of King Abdullah and the transition to King Salman last week with SUSTG and SUSRIS in an exclusive #FocusKSA interview. Karasik noted that the transition “went very smoothly,” and added, “I think what caught all of us by surprise […]
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Saudi Arabia Evacuates Embassy in Yemen as Houthis Make Gains
Saudi Arabia has suspended operations at its embassy in Yemen and evacuated its staff as the security situation there deteriorates, various agencies are reporting. Sanaa, Yemen’s capital, is currently under control of a Shiite militant group, the Houthis, who have battled the Saudi government along its long border with the Kingdom for years. The AFP […]
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Recent Data Show Saudi Women Make Up Only 13% of the Workforce, Despite Representing 50% of All Graduates from Saudi Universities
Recently released figures from Saudi Arabia’s Central Department of Statistics show that Saudi women have a long way to go in achieving equality in the workforce in the Kingdom, a longstanding challenge with economic and social facets facing Saudi Arabia’s new King Salman bin Abdulaziz al Saud and Labor Minister Adel Al-Fakeih. The official statistics […]
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China Energy Engineering signs $972 million solar deal with Saudi partners
China Energy Engineering (601868.SS), opens new tab signed a 6.98 billion yuan ($972 million) contract to build a solar power plant in Saudi Arabia, a Monday filing with the Shanghai Stock Exchange, marking the latest in a string of China-Saudi renewable energy deals. The 2 gigawatt (GW) photovoltaic plant will be built by a joint venture between a China Energy Engineering consortium and Saudi partners sovereign fund PIF, ACWA Power (2082.SE), opens new tab, and Saudi Aramco Power Company.
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Saudi Arabia’s 2034 World Cup Bid: A Global Buzz!
Saudi Arabia’s bid to host the FIFA World Cup 2034 is sparking unprecedented excitement and national pride. Social media is buzzing with hashtags like #Saudi2034bid and #GrowingTogether as the world watches closely. Under the leadership of His Highness Mohammed bin Salman, this bid is more than a sporting event—it’s a leap towards Vision 2030 and a chance to showcase Saudi Arabia’s rich culture. With Cristiano Ronaldo’s endorsement fueling the buzz, the global anticipation is palpable.
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Saudi Arabia to continue bearing fees of expatriates working in industrial sector until end of 2025
The Cabinet decision comes in the wake of the expiry of the five-year waiving of expatriate fee for industrial workers. During 2019, the Saudi government, under a drive for job creation, had imposed fees on expatriate workers to encourage hiring of Saudis. However, the government waived fees on expatriate workers employed in the industrial sector for five years effective from Oct. 1, 2019. That decision was taken as part of the short-term urgent solutions to stimulate industrial investments in order to achieve the goals of the Kingdom’s Vision 2030.
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A trove of artifacts from Egypt’s last dynasty has been found in 63 tombs
A trove of artifacts from Egypt’s last dynasty has been discovered in 63 tombs in the Nile Delta area and experts are working to restore and classify the finds, an official with the country’s antiquities authority said Monday. The artifacts include gold pieces and jewelry dating to Egypt’s Late and Ptolemaic periods, and some items could be displayed at one of the country’s museums, said Neveine el-Arif, spokeswoman for the Ministry of Tourism and Antiquities.
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Incredible prize money for Saudi Arabia Snooker Masters confirmed
The Saudi Arabia Snooker Masters will be held for the first time in Riyadh later this month and will boast a top prize which matches the World Snooker Championship. The 144-player event begins on 30 August and a champion will be crowned on 7 September, a champion who will walk away with £500,000 for their troubles. The runner-up will pocket £200,000 and the semi-finalists £100,000, which are the same as the prizes won at the Crucible.
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A World Cup like no other – Saudi Arabia reveal their vision for FIFA’s 2034 tournament: Video
Saudi Arabia detailed a massive stadium building project Wednesday to host the 2034 World Cup in men’s soccer, with one venue 350 meters (yards) above ground in a planned futuristic city.
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5 World’s Most Beautiful Mosques; Mecca’s Masjid Al Haram Takes Lead
As reported by Best Diplomat, here is a list of the top 5 world’s most beautiful mosques. One of them is the Grand Mosque in Mecca or Masjid Al Haram, which holds a special place in the hearts of Muslims around the globe. All sites of great significance in Islamic tradition, including the Zamzam Well, the Tomb of Ibrahim, and the hills of Safa and Marwa, are located within the mosque’s complex. The Grand Mosque, which can hold more than four million worshipers, is evidence of Islam's influence around the world.
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Saudi crown prince receives group of princes, scholars, and citizens in Jeddah
Saudi Crown Prince Mohammed bin Salman hosted a group of princes, scholars, and citizens who came to greet him on Tuesday. The guests were hosted at Al-Salaam Palace in Jeddah and the gathering started with recitation from the holy Qur’an. Earlier on Tuesday, the crown prince chaired the weekly Cabinet meeting.
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Saudi Arabia’s NWC starts implementing water and wastewater infrastructure projects worth $586 m
Saudi Arabia’s National Water Company (NWC), through its Eastern Cluster, has initiated the implementation of 17 major projects across the Eastern Province of Saudi Arabia, with a total investment exceeding 2.2 billion Saudi Riyals ($586 million). In a press release, the company explains that the projects aim to enhance the region's environmental and water services infrastructure, focusing on wastewater treatment plants, pumping stations, power lines, and network replacements to improve service delivery in various cities and governorates.
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Hamas to stay out of Gaza truce talks, Iran considers Israel attack
The Palestinian Islamist group Hamas said on Wednesday it would not take part in a new round of Gaza ceasefire talks slated for Thursday in Qatar, dimming hopes for a negotiated truce that Iranian sources say could hold back an Iranian attack on Israel. The U.S. has said it expects indirect talks to go ahead as planned in Qatar's capital Doha on Thursday, and that a ceasefire agreement was still possible. However Axios reported that U.S. Secretary of State Antony Blinken has postponed a trip to the Middle East that had been expected to begin on Tuesday.
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