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Internet in the Middle East Still Short of Its Potential
- April 5,2012
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- SUSTG Team
Last week’s third ArabNet conference for digital entrepreneurs in the MENA region was, by the standard of these things, a modest affair. But nonetheless it showed how the regional digital economy has grown, and how it is poised to take off. As one commentator said: “Jordan for the talent, Lebanon for the creativity, Egypt for […]
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Critical Commercial and Economic Ties: Interview with Jose Fernandez
- April 3,2012
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- SUSTG Team
The 2nd US-Saudi Business Opportunities Forum in Atlanta in December brought together a high level delegation of over 200 Saudi officials and business people with over 1000 Americans to explore the $1 trillion-plus commercial openings available in the coming decade in the Kingdom. The response to the Forum – and what it means for American investment and […]
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Saudi to maintain oil supply if U.S. draws stocks
- April 3,2012
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- SUSTG Team
Saudi Arabia is likely to maintain high oil production in the event consumer countries release emergency stocks, but it will not seek to lure buyers for more oil by discounting its crude, industry sources said. U.S. Secretary of State Hillary Clinton on Saturday in Riyadh sought an assurance from Saudi King Abdullah that the kingdom […]
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Saudi Arabia will act to lower soaring oil prices
- March 29,2012
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- SUSTG Team
In an op-ed in the Financial Times, Ali Al Naimi writes, “High international oil prices are bad news. Bad for Europe, bad for the US, bad for emerging economies and bad for the world’s poorest nations. A period of prolonged high prices is bad for all oil producing nations, including Saudi Arabia, and they are […]
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Car-nage
- March 20,2012
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- SUSTG Team
In his weekly piece for Arab News, Abdulateef Al-Mulhim takes a look at the extraordinary toll exacted on Saudi roads. With well-engineered roads and streets and access to the latest and safest automobiles, he says, Saudi Arabia still leads the world in highway fatalities. He offers a few ideas about how to gain control over […]
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What to Know About the TASI Opening
- February 29,2012
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- Hussein Abusaaq
Saudi Arabia, the world’s largest oil exporter and the Middle East’s biggest economy, is about to complete a gradual process to open its stock market, known as the Tadawul or TASI, directly to international investors for the first time. The initial step toward this action was to give other GCC countries the right to invest […]
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MUST-READS
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Global Energy MarketsU.S. remained world’s largest producer of petroleum and natural gas hydrocarbons in 2014
The United States remained the world's top producer of petroleum and natural gas hydrocarbons in 2014, according to U.S. Energy Information Administration estimates. U.S. hydrocarbon production continues to exceed that of both Russia and Saudi Arabia, the second- and third-largest producers, respectively. For the United States and Russia, total petroleum and natural gas hydrocarbon production, in energy content terms, is almost evenly split between petroleum and natural gas. Saudi Arabia's production, on the other hand, heavily favors petroleum.
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Social EntrepreneurshipOpinion: Why social entrepreneurship is critical for MENA
The concept of social entrepreneurship has its own challenges in this part of the world. Developmental work is traditionally associated with the nonprofit mentality and in many cases is accused of sinister agendas and corruption. As such, it’s difficult for community stakeholders to accept the concept of profit-making companies that address social challenges.
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TunisiaOfficial: 2 suspects in Tunisia museum attack got weapons training in Libya
In an audio message posted online Thursday, terror group ISIS claimed responsibility for the attack. It identified two men and applauded them for killing and wounding "crusaders and apostates" with "automatic weapons and hand grenades."
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TunisiaTunisia: Death toll in museum attack rises to 23
One of the gunmen who killed tourists and others at a prominent Tunisian museum was known to the intelligence services but no formal links to a particular extremist group have been established, the prime minister said Thursday. The attack Wednesday on Tunisia's National Bardo Museum left 23 dead, scores wounded and threatens both Tunisia's fledgling democracy and its struggling tourism industry. It was the worst attack at a tourist site in Tunisia in years.
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Jacob RezaianJason Rezaian caught in feud between President Rouhani and Iran hardliners
Jason Rezaian, the Washington Post reporter detained in Iran for nearly eight months, is the victim of internal rivalries between powerful senior figures in the Islamic republic, with hardliners accusing him of gaining privileged access to information through the nephew of the country’s president, Hassan Rouhani.
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Islamic EconomyIslamic economy presents significant opportunity for MENA entrepreneurs
Saeed Farook had listed the seven pillars of the Islamic economy, namely: funding in accordance with Islamic principles, halal products, tourism, digital economy, Islamic designs and art, Islamic standards, and Islamic knowledge, stressing the fact that Islamic economy "represents the opportunity of a lifetime."
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TunisiaAt least 8 killed in Tunisia museum attack
At least seven foreigners and a Tunisian national were killed in a shooting attack at the country's leading museum Wednesday, the country's Interior ministry said.
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Saudi-SwedenAfter Saudi feud, Sweden debates a ‘feminist’ global role
In a few months, Sweden's minority government has managed to antagonize both Israel and the Arab world, while also angering business leaders at home as Foreign Minister Margot Wallstrom steadfastly pursues human rights and feminism.
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SecurityEuropeans among detained in Saudi security sweep
Two Europeans were among terrorists that Saudi Arabia has detained, a Saudi daily said on Sunday.
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Iran NegotiationsEuropeans worry Senate letter gives Iran edge in nuclear talks
Congressional interference could give Iran leverage to demand more upfront sanctions relief or resist demands for additional reductions in its nuclear capacity. Iran is also seeking speedy action on a UN Security Council resolution that would give a deal the force of international law and thus make it harder for the Obama administration’s successor to disavow it.
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