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Reuters Poll: Non-Oil Business Activity Slows in Gulf as Governments Tighten Spending
- July 28,2016
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- SUSTG Team
A recently released Reuters poll of economists finds that non-oil business activity is slowing in the Gulf because of government austerity measures, causing some to revise their economic forecasts down for the region. In 2015, growth in the GCC “began to lose steam as governments reduced spending to limit big budget deficits caused by cheap oil,” […]
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Aramco Names Ibrahim Al Buainain as Chief Executive of Its Trading Arm
- July 27,2016
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- SUSTG Team
Saudi Aramco has named Ibrahim Al-Buainain as chief executive of its trading arm, the company said on Tuesday, as Al-Buainain’s star continues to rise within the ranks of the energy giant. Ibrahim Al-Buainain’s promotion to CEO of Saudi Aramco Trading takes effect this month. In November 2014, Aramco named Al Buainain as head of Saudi […]
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Flare Up on Saudi Border with Yemen as Saudi Shoots Down Missile
- July 25,2016
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- SUSTG Team
The Saudi-led military coalition said Sunday that it shot down a ballistic missile fired at the Kingdom from Yemen, according to reports. The missile targeting the southern city of Najran was intercepted at 9:30 a.m. Saturday, a statement carried on the official Saudi Press Agency says. On the same day, Saudi-led airstrikes hit hideouts of the […]
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New Saudi Fund Created by Apicorp and Bahri Seeks to Create Biggest Tanker Fleet
- July 19,2016
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- SUSTG Team
A venture between Arab Petroleum Investment Corporation (Apicorp) and National Shipping Co. of Saudi Arabia (Bahri) “will create the world’s largest fleet of oil tankers and support the kingdom’s plan to boost crude exports,” according to a report in Bloomberg, which cited comments from Dr. Khalid al-Falih. The venture will create a $1.5 billion fund […]
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’28 Pages’ Released: Once-Classified Section of 9/11 Report Made Public; Saudi FM Al-Jubeir Says Matter Now ‘Finished’
- July 18,2016
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- SUSTG Team
The U.S. Congress on Friday released a long-classified section of the official report on the Sept. 11 attacks that described potential potential links between some of the hijackers and officials in Saudi Arabia. Saudi Arabia’s foreign minister said on Friday he welcomed the release of this “28 pages” of the official report. “The matter is […]
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Engineers and Two Government Employees to Face Charges in Mecca Crane Disaster – Report
- July 12,2016
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- SUSTG Team
Saudi prosecutors will bring charges against engineers and two government employees as a result of the 2015 crane collapse in Mecca, Saudi Arabia, which killed 107 people and infuriated top government leaders. Reuters reports that Al-Riyadh, a local newspaper that “reflects government thinking,” quoted a source as saying that investigators and the prosecution “had completed an […]
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‘Very Good News’ for Saudi Real Estate as Kingdom Gets Boost in Transparency Ranking, Citing Chambers of Commerce
- June 30,2016
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- Lucien Zeigler
JLL and LaSalle Investment Management’s 2016 Global Real Estate Transparency Index (GRETI) has increased Saudi Arabia’s standing to “Semi-Transparent” after recent efforts by the Chambers of Commerce in Saudi Arabia. “The formation of real estate committees in the Chambers of Commerce has highlighted the issue of low transparency in the market and encouraged more action […]
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Deputy Crown Prince, Delegation Meet with Ban Ki Moon at the United Nations
- June 23,2016
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- SUSTG Team
Deputy Crown Prince Mohammed bin Salman and an eight-member delegation arrived at the U.N. yesterday for meetings with the Secretary General, Ban Ki Moon. The Prince and his delegation reportedly discussed Mr. Ban’s decision to cite the Saudi-led military coalition in the Yemen conflict for violating the rights of children. According to the New York Times, Prince Mohammed […]
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Concluding Trip to Silicon Valley, Deputy Crown Prince Mohammed bin Salman and Delegation Ink MOU with Microsoft
- June 22,2016
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- SUSTG Team
Saudi Deputy Crown Prince Mohammed bin Salman met with Satya Narayana Nadella, chief executive officer of Microsoft, at the company’s Silicon Valley offices in San Francisco on Tuesday and signed two deals with the IT giant, according to reports. The first MOU between Saudi Arabia and Microsoft “will train young Saudis and will support Saudi Arabia […]
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Back in a Business Suit, Deputy Crown Prince Mohammed bin Salman and Delegation Sign Agreements with Six Flags, Cisco Systems
- June 21,2016
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- Lucien Zeigler
Saudi Arabia has signed partnership agreements with theme park company Six Flags Entertainment and Cisco Systems during a visit by Deputy Crown Prince Mohammed bin Salman and his accompanying delegation to Silicon Valley this week as Saudi Arabia looks to boost its business and commercial ties with the United States. The prince was shown wearing a gray […]
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MUST-READS
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QatarTrump Talks to Leaders of Qatar and Saudi Arabia About Feud
President Donald Trump had separate phone conversations with two leaders of nations in the Persian Gulf region, discussing the ongoing disputes between Qatar and some of its Arab neighbors.
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Iran Nuclear AgreementEuropean powers press for Iran sanctions to buttress nuclear deal
rance, Britain and Germany sought on Wednesday to persuade their EU partners to back new sanctions on Iran to preserve a nuclear deal with Tehran that U.S. President Donald Trump has threatened to pull out of in May, diplomats said.
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Saudi Aramco IPOSaudi Crown Prince Says Aramco IPO May Be 2019, Reuters Reports
Saudi Arabia Crown Prince Mohammed bin Salman said the initial public offering of state oil company Aramco could be delayed until early 2019, pushing back a central plank of his plan to modernize the country’s economy.
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U.S.-RussiaUS and EU expel scores of Russian diplomats over Skripal attack
The US and EU have expelled dozens of Russian diplomats in response to the nerve agent attack in the UK. The US has ordered the expulsion of 60 Russian officials who Washington says are spies, including a dozen based at the United Nations.
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Iran Nuclear AgreementCommentary: Can Europe save the Iran nuclear deal?
In his recent meeting with Donald Trump, Israeli Prime Minister Benjamin Netanyahu again urged the United States to fix the Iran nuclear deal — or else abandon it. The U.S. president has always seemed eager to scrap the Iran deal, calling it “the worst deal ever.” Soon we will know if he’ll get his wish.
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MilitarySaudi Arabia Moves Toward Buying 48 Eurofighter Jets
Saudi Arabia reaffirmed its commitment to BAE Systems Plc’s Eurofighter program, providing a much-needed boost to the aircraft and reviving prospects for a long-delayed 48-jet order.
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Iran Nuclear AgreementIran’s foreign minister accuses Europe of appeasing Trump
Mohammad Javad Zarif says Europeans bowing to pressure in order to keep US in nuclear deal
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Banking and FinanceDeutsche Bank, JPMorgan Hire as Banks Look Past Saudi Purge
Global banks are pushing ahead with growth plans in Saudi Arabia four months after a crackdown on corruption threatened to derail ambitious plans to transform the economy.
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Iran Nuclear AgreementEuropeans Dig In Against New Iran Sanctions Risking Nuclear Deal
European allies, pressed by President Donald Trump’s administration to impose tough new sanctions on Iran for its ballistic missile program, are digging in against moves that would effectively void the 2015 nuclear deal with the Islamic Republic.
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Banking and FinanceDeutsche Bank Plans Saudi, Dubai Hires as Sovereigns Drive Deals
Deutsche Bank AG is expanding in Saudi Arabia and the United Arab Emirates as the lender expects sovereign bond sales and initial public offerings to drive deals this year.
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