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The Secret History of America’s Thirty-Year Conflict with Iran
- August 8,2012
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- SUSTG Team
A new book on the long confrontation between the US and Iran blames the George W. Bush administration for squandering opportunities to improve relations with Tehran and invading Iraq in 2003 without recognizing that Iran would wind up being the power broker in that country. These criticisms are remarkable given their source: David Crist, author […]
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Graph of the Day – Saudi Oil Production Since 2008
- August 6,2012
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- Lucien Zeigler
Jadwa Investment’s recently released Chartbook for the month of August 2012 found that the Saudi Arabian economy overall remained “robust.” Included in that report is a look at the oil sector in Saudi Arabia. Oil prices “climbed in July because of renewed political tensions with Iran and rising global stock markets,” Jadwa noted.
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Saudi students to establish Islamic center at Murray State University
- August 4,2012
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- Lucien Zeigler
Saudi students at Murray State University in Kentucky have received a license to establish an Islamic center where they can organize cultural and social programs along with observing religious rites. Saudi students had been performing their prayers and Iftar in a rented building in which other Arab and Muslim students participated. The city’s mayor and […]
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Jadwa Saudi Chartbook: Inflation at 10 Month Low
- August 3,2012
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- Lucien Zeigler
Jadwa Investment’s recently released Saudi Charbook for the month of August 2012 found that the Saudi economy remained “robust.” On the subject of inflation in Saudi Arabia, Jadwa found “year-on-year inflation slowed to a 10-month low in June, owing to a fall in rental inflation. Most other components of the cost of living index were little changed […]
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Obama authorizes secret U.S. support for Syrian rebels
- August 2,2012
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- Lucien Zeigler
President Barack Obama has signed a secret order authorizing U.S. support for rebels seeking to depose Syrian President Bashar al-Assad and his government, U.S. sources familiar with the matter said. Obama’s order, approved earlier this year and known as an intelligence “finding,” broadly permits the CIA and other U.S. agencies to provide support that could […]
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Jadwa Saudi Chartbook for August 2012: Banking Indicators
- August 1,2012
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- Lucien Zeigler
Jadwa Investment’s recently released Saudi Charbook for the month of August 2012 found that the Saudi economy remained “robust.” On the subject of banking indicators in Saudi Arabia, Jadwa found that “bank lending to the private sector jumped in June. Monthly growth was the highest since August 2009. In year-on-year terms it was at its peak since […]
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‘There is a large infrastructure boom happening in Saudi Arabia’
- July 31,2012
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- Lucien Zeigler
Saudi Arabia is spending more than $60 billion on a logistics hub, airport improvement and roads to reduce travel time in the Arab world’s biggest economy. The investments also yielded the largest sukuk, or Islamic bond, offered in the Middle East this year and an initial public offering on the stock exchange in June. “There […]
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Wealth Management in the Middle East: Boon or Bust?
- July 31,2012
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- Lucien Zeigler
Middle Eastern policymakers and bankers will develop an indigenous wealth management industry which keeps the super-wealthy’s investments at home. Developing a local national wealth management industry requires letting in foreign competition, changing banking and securities laws, and growing local companies whose shares are worth buying. The first part of the article reviews trends in wealth […]
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Saudi Students Flood In as U.S. Reopens Door
- July 28,2012
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- Lucien Zeigler
The more than 300 graduates gathered at a hotel overlooking the Potomac River were all from Saudi Arabia, part of a massive government-paid foreign study program to earn bachelor’s, master’s and doctorate degrees and return home to help run their country. “You are the best of the best, and the future of our country,” Saudi […]
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Saudi consumer electronics market surges
- July 26,2012
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- SUSTG Team
Saudi Arabia’s consumer electronics devices market, defined as the addressable market for computing devices, mobile handsets and video, audio and gaming products is projected at $6.4 billion in 2012, Business Monitor International said in “Saudi Arabia Consumer Electronics Report Q2 2012″report. This is expected to increase to $8.2 billion by 2016, driven by the growing […]
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MUST-READS
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Container traffic at Saudi ports up 14.6% in 2023
Saudi Arabia’s ports have witnessed a 14.6% increase in inbound and outbound container traffic during FY 2023 when compared to the year before, according to the General Authority for Statistics (GASTAT) which issued the kingdom’s Maritime Transport Statistics Publication results for 2023. The figures also show a 33.8% increase in ship traffic at the kingdom’s ports in 2023 compared to 2022. The total ship traffic at Saudi ports stood at 19,082.
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Tourism new driver for enhancing Saudi Arabia’s rating: S&P
The tourism sector currently accounts for about 4% of Saudi Arabia's gross domestic product (GDP), and was a highly promising and productive sector in 2023, Al-Eqtisadiah newspaper quoted Zahabia Gupta, Head of Sovereign Ratings at S&P Global Ratings, as saying. She affirmed that it is one of the new factors supporting the Kingdom’s credit rating.
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Commentary: The myths that are building the Saudi nation
To the Western eye, it might seem that MBS is showing the world that the new Saudi Arabia is a young and flashy amalgam of construction sites and sci-fi city planning, with a dash of esports and AI thrown in. But this is all merely window dressing. Scratch a little deeper and it’s not just a new city that is being built. Behind the scenes, something deeper and far more interesting is going on. The Kingdom is recasting its whole national identity.
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Saudi Arabia National Day 2024 – Google Doodle
Today’s Doodle celebrates Saudi Arabia’s National Day! On this day in 1932, Saudi citizens celebrated the establishment of the Kingdom of Saudi Arabia.
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Saudi Arabia leads G20 in tourism growth with 73% rise in international visitors
Saudi Arabia has emerged as a leader in tourism growth among G20 nations, experiencing a remarkable 73 percent increase in international visitors in the first seven months of 2024 compared to 2019. The UN World Tourism Barometer reports that the Kingdom welcomed 17.5 million international tourists during this timeframe, showcasing its growing allure as a global travel destination.
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2,000 people celebrate Saudi National Day with historic run through Jeddah
About 2,000 men, women and children took part in the Jeddah Green Spirit Run on Friday, setting off from Bab Jadeed in the heart of the city’s Historic District. Organized by Masafat Club, in collaboration with the Ministry of Sports, Sports for All Federation and Jeddah Historic District, the 5 km and 2 km races were held to mark Saudi National Day.
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Readout of Secretary of Defense Lloyd J. Austin III’s Call With Saudi Minister of Defense, His Royal Highness Khalid bin Salman
Secretary of Defense Lloyd J. Austin III spoke with Saudi Minister of Defense His Royal Highness Khalid bin Salman yesterday evening to discuss regional security challenges and our mutual interest in deterring aggression and reducing tensions across the region. They agreed to continue strengthening the United States-Kingdom of Saudi Arabia defense partnership to help restore stability and calm to the region.
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Saudi Arabia’s Boeing 777 Adventure: A Remarkable Journey from Jeddah to Riyadh’s 2024 Runway
In an unprecedented spectacle, the road journey of three retired Boeing 777 aircraft from Saudi Arabian Airlines (Saudia) has captured the nation’s attention. Videos and photos of the extraordinary voyage across the deserts and mountains flooded social media. The massive aircraft was destined for display at Riyadh Season 2024’s Boulevard Runway zone. Indeed, it has travelled an impressive 1,000 kilometres from Jeddah to Riyadh atop enormous trucks.
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Saudi Arabia’s Real Estate Market Continues its Growth in First Half of 2024
According to JLL’s latest KSA Real Estate Market Dynamics report, Saudi Arabia’s real estate market continues growing due to major infrastructure investments and Saudi giga projects. In the first half of 2024, 27,500 new residential units were delivered in Riyadh and Jeddah, with prices rising by up to 10% year on year in Riyadh and 9% in Jeddah, and rents grew by 4% yearly in Dammam. Additionally, the hospitality and tourism sector saw massive growth due to increased tourism initiatives, supporting the Saudi Vision 2030 goals.
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Saudis put on show of soft power as Wembley turns green and white
Then, the familiar voice of Michael Buffer announced that before the fighters were ready to rumble, the Saudi national anthem would be played after a tribute to King Salman. Just for a brief second, an eerie silence befell Wembley as the stadium was suddenly illuminated in green and white. Turki Al-Sheikh, the camera-loving adviser to the crown prince, Mohammed bin Salman, stood sternly in the centre of the ring among other Saudi dignitaries.
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