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Construction Begins on ‘World’s Largest’ Gas Complex in Jazan, Saudi Arabia
Construction has begun on a $2.1 billion industrial gas complex in Jazan, Saudi Arabia, which is slated to become the largest such facility in the world. The industrial gas complex will serve Saudi Aramco’s Jazan refinery and terminal when complete, and will require 600MW to operate, according to a report in Gulf Business. The contract for the […]
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WTO launches new World Trade Outlook Indicator
The World Trade Organization (WTO) has launched a new World Trade Outlook Indicator (WTOI) designed to provide “real time” information on trends in global trade, the organization said on its website. The WTOI was unveiled in Shanghai, China on July 8th ahead of a meeting of G20 trade ministers. “Combining a variety of trade-related indices, the […]
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Ramadan Must-Watch TV: ‘Selfie 2’
Ramadan in Saudi Arabia is more than a month of fasting and personal reflection. It is a communal up-ending of one’s normal schedule with work, school and every facet of daily life rearranged in order to fulfill one of the five main pillars of Islam while also coming through this trial healthy and whole. Saudi […]
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Deputy Crown Prince Mohammed bin Salman Meets U.S. and Saudi Business Leaders in New York
Deputy Crown Prince Mohammed bin Salman met with business leaders and others in New York yesterday as his 13-day, packed-schedule visit across the United States comes to a close. Prince Mohammed was photographed meeting with top U.S. business leaders and “pioneers of innovation” in New York for a panel discussion, according to the twitter account […]
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King Salman, Deputy Crown Prince Mohammed Announce Inclusion of More Than 2,600 U.S. Students Into Scholarship Program on Arrival in Washington
Deputy Crown Prince Mohammed bin Salman used the occasion of his arrival to the United States this week to include an additional 2,600 Saudi students into the Custodian of the Two Holy Mosques Scholarship program, the visionary educational initiative created by the late King Abdullah that enables young Saudis to receive education and experiences abroad. […]
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Deputy Crown Prince Mohammed bin Salman Arrives in Washington, Photographed for the First Time Wearing Western Business Suit
Deputy Crown Prince Mohammed bin Salman arrived in Washington, D.C. on Monday and met with Secretary of State John Kerry in Georgetown for an informal dinner. Prince Mohammed’s arrival marks the first time he has been photographed or filmed wearing western clothing. The prince typically wears traditional Saudi clothing both at home in the Kingdom and […]
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As Vision 2030 Details are Rolled Out, International Banks and Others Look for Opportunities
International banks are jockeying for a role in Saudi Arabia’s plans to list part of state-owned Saudi Aramco for an Initial Public Offering (IPO), according to a report in Reuters. Financiers around the world are keen to cash in on a cornerstone of the recently-announced “Vision 2030” economic and social plan, with banks preparing for […]
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Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman to Visit Washington Mid-June
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman will visit Washington, D.C. and other cities in the U.S. in June, as the influential Saudi official plans to discuss both foreign policy and economics, according to sources cited by several news outlets. Because Prince Mohammed is both Minister of Defense and President of the key Council […]
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2015 Aramco Annual Review Highlights Record Year of Production
Saudi Aramco’s recently released Annual Review 2015 confirms that the state-owned company produced at record levels last year – averaging 10.2 million barrels per day. The report, which features highlights of the company’s 2015 performance, also said total refining capacity stood at 3.1 million barrels per day, “reflecting successful rapid expansion downstream, optimizing the overall […]
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Graphic: A Capital Punishment Uptick in Saudi Arabia; Kingdom Trails China and Iran
Saudi Arabia may put more than 100 people to death in the first six months of this year and is on pace for a record-setting year after a dramatic surge in executions in 2015, according to reports. Saudi Arabia has executed 95 people this year, with about half of that figure resulting from the execution of […]
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Saudi Arabia building an economy of the future — Crown Prince
The Crown Prince participated on Sunday in a Special Dialogue session at the World Economic Forum Special Meeting in Riyadh, attended by global leaders from government, business, and academia. During the session, he addressed the current geopolitical and economic challenges facing the world, and the Kingdom’s proactive efforts to expand global collaboration to foster a more resilient and integrated global economy. In his dialogue, the Crown Prince affirmed Saudi Arabia's commitment to being a stabilizing force in the region, emphasizing that cohesion and cooperation with regional and global partners are essential for achieving security and prosperity.
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Kasatkina ‘assurances’ on Saudi Arabia
Then she took a deep breath. “We see that the Saudis, now they are very into the sport. They want to develop the sport, and as long as it gives the opportunity to the people there and the young kids and the women, too, you know, we see that sport and specifically tennis, it’s actually so close so that they can watch it. They can play, they can participate in this, I think it’s great.”
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Saudi Arabia opens Umrah to all visa holders
In a significant move to facilitate religious tourism, Saudi Arabia has announced that holders of any type of visa are now eligible to perform Umrah, the non-mandatory lesser pilgrimage in Islam, which can be undertaken at any time of the year. This decision reflects the Kingdom’s ongoing efforts to welcome more pilgrims to the Grand Mosque in Makkah, enhancing accessibility for international Muslims wishing to fulfill their spiritual duties.
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Saudi Arabia says all NEOM megaprojects will go ahead as planned despite reports of scaling back
“Today the economy in the kingdom is growing faster, but we don’t want to overheat it. We don’t want to deliver these projects at the cost of importing too much against our own interest. We will continue delivering these projects in a manner that meets these priorities, delivers these projects and has the optimal healthy impact for our economy and the ... healthy non-oil growth within it.”
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Saudi Arabia ‘very, very close’ to US security pact tied to Palestinian state
Saudi Foreign Minister Faisal bin Farhan said on Monday that bilateral agreements with the United States were “very, very close” as Riyadh seeks to secure defense and security pacts with the kingdom in exchange for normalizing relations with Israel. "On the bilateral agreements between the kingdom and the US, we are very, very close, and most of the work has already been done. We have the broad outlines of what we think needs to happen on the Palestinian front,” the top Saudi diplomat said at a special meeting of the World Economic Forum in Riyadh. He added that the only way such agreements would work is if there is “truly a pathway to a Palestinian state.” Read more: https://www.al-monitor.com/originals/2024/04/saudi-arabia-very-very-close-us-security-pact-tied-palestinian-state#ixzz8Yt4mbYTZ
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Experts Explain Saudi Arabia’s 2-Kilometre Skyscraper
Most people would struggle to imagine the height of a 2-kilometre skyscraper, so instead picture a map of Manhattan. The huge strip of green in the middle is Central Park, which measures 4-kilometres in length. Split the park in half, stand it vertically and there, soaring above the New York skyline, would be a 2-kilometre skyscraper.
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BlackRock Gathers Investors for Saudi Summit
The world’s largest asset management company is hosting the event alongside the Saudi Ministry of Finance, according to people familiar with the matter, who asked not to be identified discussing private information. The goal: showcasing investment opportunities and giving an overview of progress on the country’s trillion-dollar Vision 2030 program.
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The Siren Call of an Israeli Invasion of Lebanon
lthough much of the world is breathing a sigh of relief that Iran and Israel appear unwilling to push their exchange of missile and drone attacks further, potentially plunging the Middle East into a wider war, the danger of another escalation has not passed. Rather, the concern has shifted to a possible Israeli offensive against Hezbollah in Lebanon. Israel has threatened this, and U.S. officials and others in the region fear that such a plan has been in the works for months.
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Saudi minister announces 10% increase in tourist numbers in Q1 2024
Saudi Arabia's Tourism Minister Ahmed Al-Khateeb announced a significant increase in the country's tourism sector during a panel discussion titled "Vacationomics" at the special meeting of the World Economic Forum (WEF) in Riyadh.
Al-Khateeb highlighted the substantial growth in tourist numbers, which have risen by 10% in the first quarter of 2024, with spending by tourists increasing by more than 17%. -
Kingdom of Saudi Arabia pledges US $500 million to protect children around the world from polio and end the disease for good
New commitment will help vaccinate 370 million children against polio every year for the next five years, protecting them from paralysis and even death, and build stronger health systems to achieve and sustain a polio-free world.
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