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Riyadh Becomes New Coronavirus Trouble Spot in Saudi Arabia as Cases Top 225,000 in Kingdom
Saudi Arabia has recorded 3,159 new coronavirus cases over the past 24 hours, raising the total to 226,486, the health ministry announced on Friday.
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Saudi Arabia Begins Return to Normal Life as Second Phase of Reopening Begins
Saudi Arabia has begun the second of three phases in reopening businesses, retail, and restaurants after a Kingdom-wide shutdown to stop the spread of the Coronavirus.
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Saudi Economic Data Starting to Reflect Coronavirus-Related Shutdown Measures, Jadwa Says
A significant portion the latest March data on the Saudi economy has begun to reflect the impact of COVID-19 containment measures, Jadwa Investment said in its most recent chartbook.
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In Coordination with Saudi Arabia, U.S. Forces Conduct Amphibious Assault Training on Saudi Islands
In coordination with Saudi Arabia, U.S. forces conducted a training exercise of an amphibious assault on a Saudi island, providing “800 Marines and Sailors the opportunity to train in amphibious operations in a realistic environment,” the U.S. military said.
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Saudi Arabia May Re-Route Tankers if U.S. Blocks or Adds Tariffs on Kingdom’s Oil During Record Glut
Saudi Arabia is preparing to look for alternative destinations for its U.S.-bound crude oil in the event that President Trump adds tariffs or refuses to allow those shipments to offload, sources told Reuters.
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After Coronavirus Hit in 2020, Saudi Economy to Grow 2.9% in 2021, IMF Says
Saudi Arabia’s economy is forecast to contract 2.3 percent in 2020, with non-oil GDP expected to contract by 4 percent due in part to the global recession caused by the spread of the deadly coronavirus, the IMF said.
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Saudi Arabia’s PIF Discloses 8.2% Stake in Carnival Cruises
Saudi Arabia’s Public Investment Fund disclosed on Monday that it had acquired an 8.2% stake in Carnival Corporation & plc, operator of Carnival Cruise line, as of March 26, according to reports.
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Jadwa Investment’s April 2020 Chartbook Shows Early Challenges for Saudi Economy Amid Global Coronavirus Outbreak
Jadwa Investment’s recently-released April 2020 Saudi Chartbook highlighting latest data for the Kingdom’s economy shows indications that the Coronavirus will have a negative impact on the economy as Saudi Arabia locks down to safeguard its citizens.
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Kingdom Will Pay for Coronavirus Treatments, KSA Cases Reach 1453
Saudi Arabia will finance treatment for anyone infected with the coronavirus in the Kingdom, the health minister said on Monday, as Saudi’s total cases reached 1453, according to Reuters.
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Stunning Photos Show Saudi Arabia’s Empty Streets for COVID-19 Curfew
Saudi Arabia on Monday night began implementing a nationwide dusk-to-dawn curfew to halt the spread of COVID-19, urging the public to stay home unless necessary and closing restaurants, cinemas, malls, and other places of gathering.
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MUST-READS
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Why Hezbollah and Israel Can’t Make a Deal
The attack demonstrated, not for the first time, the extraordinary degree of Israel’s penetration into Iran and its Arab allies. Just since January, Israel has assassinated the Hamas operative Saleh al-Arouri in Beirut, the Hamas political leader Ismail Haniyeh at a guesthouse in Tehran, and the Hezbollah military leader Fuad Shukr, again in Beirut. But the pager explosions mark an escalation, specifically, of the conflict that has been building between Israel and Hezbollah since October 8.
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Israel conducted Lebanon pager attack fearing Hezbollah was onto the operation
Israel decided to blow up the pager devices carried by Hezbollah members in Lebanon and Syria on Tuesday out of concern its secret operation might have been discovered by the group, three U.S. officials told Axios.
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The Complex Reality of Great Power Competition in the Middle East
Today’s Middle East and North Africa (MENA) region is at the core of the competition between the United States and its great power rivals, China and Russia. China has grown increasingly preoccupied with securing energy supplies from the Gulf. Russia has been invested in protecting the few allies it has in the region and in disrupting the U.S.-led regional security architecture.
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2024 Fiscal Transparency Report: Saudi Arabia
The limited data available in the government’s annual budget statement broke down expenditures by category, but not by ministry or agency. The annual budget statement did not show allocations to the royal family, and the government maintained off-budget accounts not subject to public oversight. Military and intelligence budgets were not subject to legislative oversight or a civilian public body. When actual revenues and expenditures did not reasonably correspond to those in the enacted budget, the government produced and publicly issued revised budget estimates.
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Pakistani Drivers Are The Heroes Behind Driving Saudi’s Famous Planes To Riyadh
When the famous Saudi planes rolled into Riyadh for the grand Riyadh Season, the city was buzzing with excitement! Hundreds of people lined the streets, proudly decked out in traditional Saudi clothes, waving flags, and cheering as the planes made their grand journey. But behind the scenes, the real heroes were the Pakistani drivers who made it all happen.
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7,000 Italian companies eye on Saudi market for investments
The announcement was made during the Saudi-Italian Business Forum, held on Wednesday at the Federation of Saudi Chambers’ headquarters. The Italian Ambassador to the Kingdom Carlo Balducci attended the event with over 140 companies and representatives from various government agencies from both countries.
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Saudi Development and Reconstruction Program for Yemen rehabilitates 650 homes in Aden
A tripartite partnership between SDRPY, Alwaleed Philanthropies and the UN Human Settlements Program (UN-Habitat), the project has also contributed to building the capacity of workers in the housing, construction and building sectors, the Saudi Press Agency reported on Wednesday.
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Saudi Arabia real estate market booms amidst strong residential and hospitality performance
The residential sector started strong in 2024 by delivering 27,500 units in Riyadh and Jeddah. This increased the total stock to 1.46 million units in the capital and 891,000 units in Jeddah. As such, residential sale prices experienced a 10% year-on-year (YoY) increase in Riyadh whilst average rents grew by 9% annually. In Jeddah, the pace of growth was slightly slower, with sale prices rising by 5% and rents increasing by 4% YoY during the same period.
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Saudi: Agricultural Development Fund Board approves over $533mln in loans
The board of directors of the Agricultural Development Fund (ADF) on Wednesday held its third meeting of the current fiscal year, chaired by Minister of Environment, Water, and Agriculture, and Chairman of the board Eng. Abdulrahman bin Abdulmohsen Al-Fadley. ADF Chief Executive Munir bin Fahd Al-Sahli stated that the board approved the provision of over SAR2 billion in loans and credit facilities during the meeting.
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Saudi Crown Prince Says No to Israel Ties Without Palestinian State
“This is an affirmation that the Saudi position is enduring in its support of the Palestinian cause,” Mahmoud al-Habbash, the religious affairs adviser to Mr. Abbas, said in an interview on Thursday. “We’re reassured about the Saudi stance, which is a cornerstone of the Arab and Islamic world’s position.”
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