This paper offers the first estimate of employment in Saudi Arabia that can be linked to the energy transition. Using a task-based taxonomy devised by the United States Bureau of Labor Statistics applied to detailed administrative data on Saudi workers, it is estimated that in 2022 almost 30% of all Saudi workers in the private sector were employed in “green” occupations.
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No Damage from Attempted Houthi Missile Attack on Saudi Aramco Facility, Oil Temporarily Spikes
An attempted Houthi missile and drone strike on a Saudi Aramco facility in Dhahran did not cause any loss of life or damage to property, but initial concern over the attack caused oil’s price to spike on international indices before paring back those gains, Saudi authorities said.
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Saudi Arabia’s Tourism Ambitions Expand to Mountainous Asir Province
Saudi Arabia’s Public Investment Fund (PIF) launched a new venture that will invest $3 billion in developing tourism and infrastructure in the southwestern mountainous Asir region, according to Reuters and Saudi Arabia’s official press agency.
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Despite Uncertainty, Saudi Economy to Experience Broad-Based Recovery in 2021 – Jadwa Investment
Saudi Arabia will experience a broad-based economic recovery in 2021 as the Kingdom moves beyond the damage caused by the Coronavirus pandemic and low oil prices, Jadwa Investment said in a recent research note. The Riyadh-based bank’s expectations for the Kingdom’s economy come despite a “considerable degree of uncertainty” surrounding the Coronavirus and vaccination roll-outs across […]
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In Op-Ed, Ambassador Princess Reema bint Bandar Says Gender Equality Must Be A Global Priority
In a passionate op-ed published by Harper’s Bazaar Arabia, Saudi Ambassador to the U.S., H.R.H. Princess Reema Bint Bandar Al Saud urges leaders and others around the world to do more to support gender equality and argues “there is no better time to advance women’s roles in society than now.”
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After Strong Finish in 2020, Oil Likely to Continue Steady Comeback in 2021 — Jadwa Investment
After a strong finish to 2020, oil demand will continue rising in Q1 and during the rest of the year on a quarterly basis, but still end up 3 percent lower than pre-COVID-19 levels by the end of 2021, a recent report by Jadwa Investment on the market said.
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October Data: Saudi Oil Exports Drop $5 Billion, Down Nearly One Third
Saudi Arabia’s oil exports in the month of October fell by 18.9 billion riyals ($5.04 billion), down by nearly a third, while non-oil exports fell by 0.3%, according to data obtained by Reuters.
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Saudi Arabia’s Air Force Receives Final F-15SA Fighter Aircraft in Deal Signed under Obama Administration
The Royal Saudi Air Force has received the last F-15SA advanced fighter aircraft from the United States as part of a massive $29bn foreign military sales (FMS) agreement agreed to with the Obama administration in 2010. An advanced version of the F-15S, the F-15SA is equipped with several capabilities to enable the Royal Saudi Air Force […]
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Saudi Arabia, Qatar Near Deal to End Three Year Rift — Report
Saudi Arabia and Qatar are nearing a “preliminary deal” to end a three-plus year rift between the two Gulf nations, according to Bloomberg.
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Gradual Private Sector Recovery Underway in Saudi Arabia, Latest Data Indicates – Jadwa Investment
Saudi Arabia’s private sector is beginning to see signs of a gradual recovery, with non-oil PMI rising for the second consecutive month in October, Jadwa Investment says in its latest monthly Chartbook for the Saudi economy.
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G20 Saudi Secretariat Announces Digital Summit to Discuss Inclusive Growth in Aftermath of Covid-19
The G20 Saudi Secretariat as part of the International Conference program announces a four-day digital event series to explore how businesses, governments, and citizens can drive opportunities for inclusive growth through regulation, new technologies, and long-term strategic approaches in the aftermath of the Covid-19 pandemic.
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MUST-READS
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Measuring Green Jobs in Saudi Arabia: Saudis in Green Occupations
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Isabelle Werenfels: North Africa’s Relationship with Europe
When it comes to security, I think NATO has added value. If we just take one example, most North African armies really noticed how well the Ukrainians did initially in February 2022, thanks to NATO training. These countries are very keen on that. It is a way to build ties and bring them closer to the alliance, which is the ultimate goal.
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Saudi Red Sea Authority: More Than a Sea
The Saudi Red Sea Authority (SRSA) has launched a campaign titled “More Than a Sea”, which revolves around four main pillars of SRSA’s roles: regulations, sustainability, attracting investments, and promoting tourism experiences in the Red Sea, to highlight its contributions toward building a thriving coastal tourism sector.
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Virgin Atlantic Reviews ‘Gender Neutral’ Policy for New Saudi Route
In recent years, the airline has been proactive in its diversity messaging. The airline’s Gender Identity Policy, published in 2022, allows cabin crew, pilots, and ground personnel to choose which uniform best represents them. This is irrespective of their gender, gender identity, or gender expression. At the time, Virgin said the move “cements its position as the most inclusive airline in the skies.”
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Al-Ittihad sign Netherlands winger Bergwijn from Ajax
Saudi Arabia’s Al-Ittihad Football Club have signed winger Steven Bergwijn from Ajax Amsterdam FC, both clubs said on Monday. The Saudi Pro League side will pay more than €21 million ($23.25m) for the 26-year-old, whose contract with the Dutch club was valid until June 2027, said Ajax.
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Flow House brings surfing sights to Saudi Arabia
The Flow House concept will include indoor surfing experiences that are open throughout the year. The experiences will include flowboarding sessions and competitions, and it will welcome amateur as well as professionals. The experience draws inspiration from tropical islands, and will include live music and a restaurant overlooking the water. Plus, the menu will include plant-based and vegan options.
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U.S.-Saudi Business Council Announces New CEO
Mr. Hallab is a long-standing member of the Board of Directors of the Council and the founder of Barrington Global, an international legal and strategic advisory firm focused on the intersection of law, business and policy between the Middle East and the West. Mr. Hallab previously served as Chair of the Middle East Practice at the global law firm of Mayer Brown and in multiple leadership roles both at Mayer Brown and at the international law firm of Baker McKenzie.
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Ângelo Gabriel moves to Saudi one year after joining Chelsea
The unlikely career arc of Brazilian teenager Ângelo Gabriel continued when he completed a move to Saudi team Al Nassr in a reported $25 million deal on Tuesday, a year after joining Chelsea from Santos.
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Saudi Arabia sees ‘unprecedented’ progress in economic transformation: IMF
“Saudi Arabia’s unprecedented economic transformation is progressing well as it advanced in its modernization and diversification efforts under Vision 2030,” the fund wrote in its press release. “The recent fiscal space exercise has facilitated the recalibration of investment spending planned under Vision 2030 by reprioritizing projects and through sectoral strategies.”
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Saudi podcast episode breaks record with 110m YouTube views
A Saudi Arabian podcast episode titled Secrets to Thriving Relationships, produced by Thmanyah, has set a new Guinness World Record for the most-viewed podcast episode on YouTube, amassing 110m views. This achievement surpasses the previous record held by Joe Rogan’s interview with Elon Musk, which garnered 68m views over five years.
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