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Archaeologists in Saudi Arabia Excavate for Remnants of Ancient Kingdoms – Report
A team of French and Saudi archaeologists has begun work on excavating near Al-Ula in Saudi Arabia in hopes of discovering the remnants of the ancient and long-forgotten kingdoms of Dadan and Lihyan, according to a Reuters report.
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Saudi FM Prince Faisal bin Farhan, Ambassador Reema bint Bandar Meet with Secretary of State Blinken in Washington
Saudi Foreign Minister Prince Faisal bin Farhan Al Saud and Saudi Ambassador to the United States Princess Reema Bint Bandar Al-Saud met with U.S. Secretary of State Antony Blinken in Washington on Thursday, and “exchanged views on Iran’s nuclear program and international talks on the matter,” according to a statement from Saudi Arabia’s foreign ministry […]
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Premiere League Set to Give Saudi Green Light for Newcastle Takeover
Saudi Arabia’s PIF has cleared a significant hurdle in its quest to acquire a reported 80 percent stake in Newcastle United, according to reports.
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Saudi Arabia’s Tadawul Likely to End 2021 With 30 New Listings This Year – CMA Head
Saudi Arabia’s stock exchange will likely end the year with more than 30 new listings as the Kingdom’s IPO bonanza in 2021 continues, according to comments from the Kingdom’s head of its Capital Markets Authority Mohammed El-Kuwaiz. El-Kuwaiz made the comments on Monday at a conference in Riyadh, according to Reuters.
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Crown Prince Launches Major Education Reform with ‘Human Capability Development Program’
Saudi Arabia is set to undertake a top-to-bottom overhaul of the Kingdom’s education system to better prepare citizens to find jobs and tackle intolerance, according to an announcement on the Vision 2030 website and other reports.
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Non-Oil Sector in Saudi Arabia Loses Some Steam in Latest Figures as Kingdom’s Economy Continues to Grow
Saudi Arabia’s economy posted a 1.8% annual growth figure for the second quarter but the non-oil sector lost steam, according to official gross domestic product (GDP) estimates shared in a Reuters report on Monday.
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Bloomberg Report: Saudi Arabia Continues to Combat Pandemic with ‘World’s Toughest Rules’
Since the start of the global pandemic last year, Saudi Arabia’s authorities and leadership have implemented progressive policies to help the Kingdom mitigate the spread of the Coronavirus within its borders. From imposing strict fines for individuals and businesses who flaunt rules on mask mandates and distancing requirements to shutting down international travel, and even all but cancelling […]
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Saudi Economy: Jadwa Investment Revises 2021 GDP Forecast Upward as Activity Rises
With both oil and non-oil economic activity in Saudi Arabia growing as the Kingdom’s economy bounces back from the pandemic, Riyadh-based Jadwa Investment said in a research note that it will upgrade Saudi Arabia’s 2021 forecasted GDP.
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Saudi Arabia’s Public Investment Fund Raises Stake in California-Based Activision Blizzard Inc.
Saudi Arabia’s Public Investment Fund (PIF) significantly increased its stake in California-based entertainment and games company Activision Blizzard Inc. last quarter, buying 37.9 million shares with a market value of $3.6 billion, according to Bloomberg.
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Saudi Arabia Suspends Privatization of the $2 Billion Ras Al Khair Desalination and Power Plant – Reports
Saudi Arabia has suspended the privatization plans for the Ras Al Khair desalination and power plant, valued at an estimated $2 billion, according to reports.
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MUST-READS
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Can Saudi Arabia Become a World-Class Film Shooting Destination?
Having recently welcomed the two biggest films in the country's history – 'Kandahar' and 'Desert Warrior' – and with two regions being heavily promoted and developed as filming destinations, the Kingdom has plans to become a major player for international, and local, productions.
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Can Saudi Arabia Become a World-Class Film Shooting Destination?
According to Stephen Strachan, film commissioner at The Royal Commission for AlUla who joined in 2019 and oversaw the launch of its film and TV promotional arm Film AlUla last year, two stages of around 23,000 square feet each are currently being built, alongside 300 self-contained accommodation units for cast and crew, which should open mid-2022. And some of these production teams may be able to fly in direct.
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Can Saudi Arabia become the world’s biggest hydrogen producer?
The head of the hydrogen project at Neom, Roland Kaeppner, says the new Saudi venture comes at the right time for a world searching for ways to replace fossil fuels. “You can’t decarbonise every industry by just electrifying it,” he said. There remain huge caveats. Hydrogen faces not only big production challenges but is also difficult to store and transport. It remains almost prohibitively expensive. “The real question is cost,” said Robin Mills, chief executive of the Qamar Energy consultancy. “Are customers willing to pay a premium?”
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Can Saudi Arabia become the world’s biggest hydrogen producer?
The head of the hydrogen project at Neom, Roland Kaeppner, says the new Saudi venture comes at the right time for a world searching for ways to replace fossil fuels. “You can’t decarbonise every industry by just electrifying it,” he said. There remain huge caveats. Hydrogen faces not only big production challenges but is also difficult to store and transport. It remains almost prohibitively expensive. “The real question is cost,” said Robin Mills, chief executive of the Qamar Energy consultancy. “Are customers willing to pay a premium?”
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Will Iran’s constitution get a facelift after three decades?
Prominent moderate conservative politician Mohammad Reza Bahonar has floated the idea of reviving bicameralism and revising the Iranian constitution. His suggestions appear to have supporters, but not everyone believes acting on those ideas is currently feasible. Bahonar’s suggestions come as there appears to be a new attempt by moderates to re-establish a foothold in Iranian politics after having been sidelined by hardliners over the past year.
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Opinion: Why aren’t investors piling in to build new LNG projects?
Energy transition risks are holding up investments in additional LNG export plants in the US, despite the current record-high gas prices.
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Total takeover? French oil major firms up plans for region’s energy
TotalEnergies is creating a commercial juggernaut in Africa that will see it invest billions of dollars in the next five years. The company with operations in at least 14 African countries is looking to invest over $10 billion in East Africa’s energy sector, promising thousands of jobs and major investment opportunities for local contractors.
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Is ‘unfreezing’ of Iranian funds in Iraq ‘positive signal’ from Biden?
A prominent Iranian news agency says funds that have been frozen in Iraq due to US sanctions are now available for food and medicine imports. However, the report has been disputed by a member of the Iran-Iraq Chamber of Commerce. The claimed development is seen by some Iranian outlets as a “positive signal” from the Joe Biden administration, as talks to revive the 2015 Iran nuclear deal enter the final stretch.
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Perspective: The Middle East Rush to Bury Hatchets: Is it sustainable?
The frenzy to reduce tension offers the United States a second chance to broaden its security and stability outreach to address issues that concern broad swaths of Middle Eastern populations and have forced themselves onto the agenda in recent years.
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Commentary: Arab Shia Communities in Transition: A Peacemaking Opportunity for the International Community?
The Arab Gulf States Institute in Washington and the Konrad-Adenauer-Stiftung held a workshop November 22-23, 2021 on Shia communities in Iraq, Lebanon, Saudi Arabia, and Kuwait.
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