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Recent stories from sustg
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Strong U.S., Saudi Arabia Security Alliance Evident in Latest SIPRI Annual Report
- March 13,2020
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- SUSTG Team
Saudi Arabia was the largest recipient of US arms in 2015–19 and accounted for 25 percent of U.S. arms exports, a surge of 17.6 percent over the period between 2010-2014, according to the latest Trends in International Arms Transfers, 2019 report from the Stockholm International Peace Research Institute (SIPRI).
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For Saudi Arabia’s Red Sea Projects, Protecting the Natural Wonder of Sea and Sky a Priority
- March 3,2020
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- SUSTG Team
Saudi Arabia’s planned Red Sea Development Projects will create massive tourism opportunities for the Kingdom, but Saudi authorities are keen on keeping the natural, pristine beauty of the as-yet developed sites intact during planning and construction.
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Weaker Demand for Oil as Coronavirus Spreads, Pushing Prices Down
- February 12,2020
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- SUSTG Team
Saudi Arabia and other oil producing nations that form the OPEC+ group are seeking common ground on how to keep oil prices from tumbling further in the face of weak demand from the spread of the Coronavirus.
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Saudi Arabia’s 2018 CO2 Emissions Fall Faster Than Expected
- February 4,2020
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- SUSTG Team
Latest data for the year of 2018 show that emissions in Saudi Arabia have fallen significantly for the first time, down 4.4% or 26 million tons, according to researchers at the King Abdullah Petroleum Studies and Research Center (KAPSARC).
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Using ‘Greenshoe Option’, Saudi Aramco Raises IPO to Record $29.4B; Banks Seek ‘Incentive Fee’
- January 14,2020
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- SUSTG Team
Saudi Aramco sold millions of additional shares of its initial public offering using a so-called “greenshoe option” that has raised the size of its IPO by nearly $4 billion.
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Saudi Non-Oil GDP Rises as Vision 2030 Reforms Kick In
- January 2,2020
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- SUSTG Team
Economic indicators from the month of November show a continued positive trend for Saudi Arabia, with non-oil GDP surging and credit to the private sector rising to the highest rise in 3 years, Jadwa Investment said.
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The Big Business of Riyadh Season: GEA Nets $270 Million from Entertainment Push
- December 19,2019
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- SUSTG Team
The chairman of the General Entertainment Authority (GEA) in Saudi Arabia said that the Kingdom’s “Riyadh Season” of events has generated more than SR1 billion ($270 million) for the GEA, according to Arab News.
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Arab Youth are Concerned about Unemployment, Poll Finds
- December 10,2019
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- SUSTG Team
A recent Arab News — Arab Strategy Forum research study conducted by YouGov found that 55 percent of Arab youth believe corruption is the main problem in their country, but unemployment was close behind at 46 percent, according to Arab News. In the Arab world, 65 percent of the population are under the age of 30. The study interviewed 3,079 […]
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Saudi Arabia Assumes G20 Presidency, Launches Promotional Video
- December 2,2019
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- SUSTG Team
Saudi Arabia has assumed the presidency of the Group of 20 nations (G20) for the year as it gears up to host the annual G20 meeting in Riyadh in 2020. The Kingdom launched a promotional video that has been widely shared on Twitter and other social platforms.
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U.S. Continues Troop Deployments to Saudi Arabia
- November 21,2019
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- SUSTG Team
The United States is continuing forward with a deployment of 3,000 troops to Saudi Arabia to deter threats from Iran, according to a letter sent by President Trump to the U.S. Congress this week. “United States Armed Forces have been deployed to the Middle East to protect United States interests and enhance force protection in […]
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MUST-READS
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Saudi-ChinaSaudi Arabia, China Kick off Naval Drill
Saudi Arabia and China kicked off on Sunday mixed naval drill Blue Sword 2019. The three-week exercise aims to boost cooperation between the Saudi Royal Navy and the Chinese People's Navy and train forces on countering maritime terrorism and piracy.
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Global Oil MarketsAnalysis: China to remain a battle ground for Saudi Aramco, Russian crude suppliers in 2020
The battle for next year's Chinese demand pie between two major crude oil producers Saudi Arabia and Russia will likely heat up over the coming weeks, with China's state-run refineries eager to renew 2020 term supply deals with the OPEC kingpin, while independent refiners continue to favor Siberian oil.
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Islamic StateChina says killing of Islamic State leader is progress, much work remains
The United States’ killing of Islamic State’s leader is important progress, but the world should not rest on its laurels in the fight against terrorism, China’s special envoy to the Middle East said on Friday.
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Saudi-ChinaSaudi Aramco signs China’s crude oil supply deals for 2020
Saudi Aramco said on Thursday it had signed crude sales agreements for 2020 with five Chinese customers, increasing total volume by 151,000 barrels per day compared to 2019 oil supply contracts.
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China in the RegionSecDef: China Is Exporting Killer Robots to the Mideast
China is exporting drones that it advertises as having lethal autonomy to the Middle East, Defense Secretary Mark Esper said Tuesday. It’s the first time that a senior Defense official has acknowledged that China is selling drones capable of taking life with little or no human oversight.
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Aramco IPOChina Said to Discuss at Least $5 Billion Aramco IPO Investment
Chinese state-owned entities are in talks about investing a combined $5 billion to $10 billion in Aramco’s initial public offering, as Saudi Arabia seeks commitments from friendly governments to shore up the record share sale, people with knowledge of the matter said.
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Climate ChangeHow Climate Change Will Help China And Russia Wage Hybrid War
Increased refugee flows, weather threats, and declining food security will deepen tensions already being exploited to divide and weaken the U.S. and its allies.
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World Bank Doing Business 2020 ReportChina Tops France for Ease of Business as Emerging World Gains
The Middle East showed new strength with Saudi Arabia, Jordan, Bahrain and Kuwait among the top 10 gainers. That most-improved group also included India, Pakistan and Nigeria, three of the most populous nations.
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AfghanistanWest Remains ‘Committed To Achieving Peace’ In Afghanistan As Taliban Says Talks To Be Held In China
The United Nations and the European Union have joined the United Sates and five European countries in reiterating their commitment to reaching a "sustainable peace agreement" that ends the 18-year war in Afghanistan. A joint statement was released on October 22 in Brussels, where U.S. special envoy to Afghanistan Zalmay Khalilzad met with representatives from Britain, France, Germany, Italy, Norway, the EU, and UN during a two-day visit.
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Oil MarketsU.S. ‘deeply concerned’ about untrackable China ships carrying Iran oil: officials
The White House is warning Chinese shipping companies against turning off their ships’ transponders to hide Iranian oil shipments in violation of U.S. sanctions, two senior administration officials said.
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