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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 Nuclear EnergySaudi Arabia to work closely with US on nuclear power plans
Saudi Arabia aims to work closely with the United States on its plans to build nuclear power generation capacity in the oil producing kingdom, the energy minister said on Wednesday
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ACWA PowerACWA Power-led consortium to raise over $2 bln for Dubai solar project -sources
Saudi Arabia’s ACWA Power leads a consortium which over the next few weeks is expected to conclude financing of more than $2 billion for a 950 megawatt (MW) concentrated solar power project in Dubai, sources familiar with the matter said.
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Oil ProductionInterview: Pulling Back the Mask of Saudi Oil Power
In November, for the first time in decades, the United States briefly exported more oil than it imported. But a historian who read Epstein’s story in 2019 said some of it felt like it could have been written yesterday.
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U.S. MilitaryPowerful Antitank Missiles Put U.S. Forces in Middle East at Risk
An upgraded class of high-powered weaponry has flooded the battlefields of the Middle East, threatening even the most sophisticated battle tanks and highlighting a gap in U.S. military preparedness.
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Nuclear PowerU.S. lawmakers seek oversight over any Saudi nuclear power deal
Lawmakers from both U.S. parties introduced legislation on Wednesday to give Congress more say in any deal on civil nuclear power cooperation between the United States and Saudi Arabia.
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DigitalizationUtilities digitization powers growth of KSA’s largest industrial cities
As the Saudi Arabian utility sector undergoes digital transformation to optimize its operations, modernize its infrastructure, and reshape offerings, all aligned with Saudi Vision 2030, Saudi Arabian utilities provider, Marafiq, has embarked on enhancing its digital intelligence with SAP.
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SPARKSaudi Arabia’s up-and-coming energy park set to transform KSA into a global industrial powerhouse
Situated in the Kingdom’s Eastern Province, between Dammam and Al-Ahsa, the project will be developed in three phases. The first phase is scheduled for completion by 2021, while the final phase of the project is set for completion in 2035.
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Global Oil MarketsSaudi-Russia Oil Powerhouse Faces Big Test as Prices Crash
Crude has collapsed by more than 30 percent and Saudi Arabia is urging Russia to collaborate in cutting production again. Their alliance successfully revived markets two years ago, but it’s unclear if Moscow is on board this time.
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PrivatizationSaudi Arabia power sector privatisations delayed
With a fleet of state-run power and water plants capable of generating more than 80GW of power and 7 million cubic metres a day of desalinated water, it is no surprise that the long-promised privatisation of Saudi Arabia’s utilities sector is of huge interest to regional and international investors.
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SoftBankSoftBank seeks Deutsche’s advice on Saudi power investments: sources
The Japanese firm, which is planning to invest in a giant solar power plant in the kingdom, has also shown interest in electricity distribution in the world’s top oil exporter, they said.
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