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Recent stories from sustg
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How Chairman and Owner of the Atlantic David Bradley Played a Key Role in Journalist’s Release
Adam Goldman and Karen DeYoung detail in the Washington Post the role of David Bradley, Chairman and Owner of the Atlantic Media Group, and how the executive worked with an unnamed FBI Agent and Ghanim Khalifa al-Kubaisi, the chief of Qatar’s intelligence service, to free Peter Theo Curtis from captivity in Syria. The article draws […]
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The Good Stuff
So, Walid, this Saudi student at the University of Southern California was in Pennsylvania talking with some Amish farmers about their camels… A lot has been made of the King Abdullah Scholarship Program (KASP) established in 2005 to encourage Saudi students to study abroad. It is a truly ambitious enterprise that has propelled 150,000+ Saudi […]
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Sfakianakis: ‘The great giant of the emerging markets has finally awakened’
Saudi Arabia’s stability in contrast to many of its neighbors in the Middle East region is a cause for optimism for the Kingdom’s economy and future, writes John Sfakianakis in the Financial Times’ Beyond Brics blog. Noting that those who argue that the Kingdom is the next destination for turmoil have “been thinking that for […]
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Stanford, KACST Team Up for Six Year Collaborative Partnership on Aerospace Research
Stanford University and Saudi Arabia’s KACST have launched a new six-year collaborative research partnership to establish a center to develop new liquid rocket fuels for satellite applications, according to the Northern California-based university.
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35 percent of hotel rooms in Dubai occupied by Saudi Citizens on Summer Vacation
Saudis are escaping the heat in the Kingdom by flocking to destinations abroad, but many aren’t making it far – a recent report in the Saudi Gazette finds that many are flocking to neighboring Dubai, a popular vacation spot for Saudis during the summer months. The Saudi Gazette reports that the high rates of Saudis […]
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Europe’s Role in Bankrolling Terror Groups Around the World
European governments that bargain with Al Qaeda and other terrorist organizations for kidnapped citizens are inadvertently filling the coffers of those organizations, according to this report by Rukmini Callimachi in the New York Times. Collectively, these countries are “underwriting jihad,” providing extremist groups with “at least $125 million in revenue from kidnappings since 2008, of […]
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Strike hits shelter in Gaza
He tweeted that coordinates of the shelter in Beit Hanoun had been provided to the Israeli army before the strike as a precaution, an effort to prevent a strike on it. The shelter is in an area in northern Gaza that has been the scene of tremendous violence recently.
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The Saudi Stock Exchange is Opening Up to Foreign Investment
The Saudi Stock Market, also known as the Tadawul All-Share Index or TASI, will open up to foreign investment to money managers outside the GCC for the first time, Bloomberg reports citing the official Saudi Press Agency. “The oil-rich kingdom’s cabinet authorized the Capital Market Authority to allow overseas financial institutions to buy and sell […]
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IP in Saudi Arabia: Why does Saudi society ‘prefer to buy pirated material’?
A guest contributor to the Saudi Gazette lamented the Kingdom’s inability to stop pirating, saying “because of our negligence and violation of intellectual property rights, we have been prevented from buying electronic books from the world’s major providers of such material.” Abdullah Azzam noted that he was unable to purchase ebooks through Google Play because […]
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10 Things to Know: 2014 SACM Career Fair and Graduation Ceremony at the Gaylord Hotel in Washington
If you’re attending the 2014 SACM career fair and graduation ceremony in the Washington, D.C.-area starting on May 24th, you’ll be joining thousands of other Saudi students in the U.S. for an excellent networking opportunity. Students on the King Abdullah Scholarship Program and their families come from around the country to celebrate their achievements and […]
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MUST-READS
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Aleksandar Mitrovic and Ruben Neves enjoying work-life balance of Saudi Pro League
Mitrovic, originally from Serbia, said: "After seven years in England I think the first thing was the sun. I never had summer sun in my life. "It's been different you know, different culture, different football, the mentality of people as well but so far I'm really happy. My family is happy. The club is amazing so far it's a great experience and looking forward to more years.
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Saudi expands strategic toolbox with Lenovo deal
By the usual standards, Lenovo’s (0992.HK), opens new tab new debt deal doesn’t make much sense. The $2 billion convertible bond, opens new tab, sold exclusively to a unit of Saudi Arabia’s Public Investment Fund, pays no interest and carries a conversion threshold of HK$10.42 per share that is already below the company’s current stock price. But the security cannot be exchanged for shares until just before it matures in 2027. On the face of it, the laptop maker is getting the better end of the deal.
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Will Saudi-Iranian Relations Be Affected By Raisi’s Demise?
The Saudi government took further steps by dispatching a delegation to Tehran, including Prince Mansour bin Miteb bin Abdulaziz, adviser to King Salman and minister of state, and Foreign Minister Prince Faisal bin Farhan. They were joined by Saudi Ambassador to Tehran Abdullah Al-Anazi. The delegation met with Acting Foreign Minister Ali Bagheri Kani and paid their respects to the victims of the helicopter crash.
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Saudi banks witness 8 percent surge in Q1 earnings, reaching $4.97 billion
Saudi Arabia’s top 10 listed banks saw their earnings surge in the first quarter (Q1) of 2024 by 8 percent to reach SAR18.65 billion ($4.97 billion), compared to the same period the previous year. This increase can be attributed to several factors, including an 11 percent growth in lending and a rising interest rate environment that has heightened the cost of credit.
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Saudi Arabia outlines steps to improve comfort for Hajj pilgrims
Authorities in Saudi Arabia have outlined how they are making Hajj as comfortable as possible for pilgrims arriving in Saudi Arabia. The Saudi Press Agency documented the arrival of pilgrims from various nationalities at the Prophet’s Mosque, highlighting the extensive care provided by the the General Authority for the Affairs of the Grand Mosque and the Prophet’s Mosque.
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First Syrian jet in over a decade transports Muslim worshippers to Saudi Arabia for Hajj pilgrimage
For the first time in over a decade, 270 Syrians traveled on a direct flight early Tuesday from Damascus to Saudi Arabia for the annual Islamic Hajj pilgrimage, the Syrian Transportation Ministry said. The development is part of an ongoing thaw in relations between Damascus and Riyadh, which days ago appointed Saudi Arabia’s first ambassador to war-torn Syria since severing ties in 2012.
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Harvard graduation ceremony witnesses emphasis on Gaza
In her original speech, which was titled “The Power of Not Knowing,” Kumar said: “Now, we are in a moment of intense division and disagreement in our community over the events in Gaza. I see pain, uncertainty, and unrest across campus. It’s now, in a moment like this, that the power of ‘not knowing’ becomes critical.”
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Latest Saudi textbooks reflect an increasingly positive shift toward Jews, Israel – IMPACT-se
Saudi Arabia’s school curriculum has shown positive improvements in tolerance and inclusivity and significant moderation of anti-Israel material, a new study by The Institute for Monitoring Peace and Cultural Tolerance in School Education (IMPACT-se) revealed Tuesday.
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Saudi Arabia’s non-oil sector projected to grow 4.8 percent in 2024, 5.2 percent in 2025: Report
The analysis noted that Saudi’s non-oil sector will accelerate further in 2025, with a projected expansion rate of 5.2 percent.
Riyad Capital noted, “We project continued solid growth for non-oil activities, fostered by a growth-oriented fiscal policy with a focus on increased investment spending, which will spur growth in the coming years.”
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Saudi Arabia to Raise $10 Billion to $20 Billion in Fresh Aramco Stock Sale
The long-awaited offering, if it proceeds, would alleviate near-term pressure on the kingdom to raise funds. Saudi Arabia has a slew of mega projects including a new city and a global airline, all aimed at diversifying the economy beyond oil. The country supersized a $12 billion debt sale earlier this year and has transferred billions from its foreign-currency reserves to its sovereign-wealth fund.
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