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Recent stories from sustg
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Saudi King Salman Congratulates Trump
- November 9,2016
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- SUSTG Team
Saudi King Salman on Wednesday congratulated Republican Donald Trump on winning the US presidency. King Salman said both Saudi Arabia’s government and its people “offer their best wishes for the new US leader” and also “wished more progress for the US government and its people, and more ease for the new Trump administration to be […]
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CEDA Cancels $267 Billion in Projects
- November 8,2016
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- SUSTG Team
Saudi Arabia’s powerful Council of Economic and Development Affairs (CEDA) has cancelled projects valued at up to 1 trillion Saudi riyals ($266.7 billion), the SPA and other news outlets report. “The CEDA has also stopped awarding a big number of projects whose spending does not go in line with the expected economic and development return […]
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Halt in Saudi Oil Shipments to Egypt Latest Indication of Worsening Relations
- November 7,2016
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- SUSTG Team
State-owned oil company Saudi Aramco halted shipments of oil products to Egypt indefinitely, the latest indication that Egypt-Saudi relations are worsening since a visit by Saudi Arabia’s King Salman to the country in March. Aramco informed the Egyptian General Petroleum Corp. in early October that it would halt supplies of refined oil products, forcing Egypt to […]
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Saudi CMA Approves Rules for Exchange-Listed Real Estate Funds
- October 31,2016
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- Lucien Zeigler
Saudi Arabia’s Capital Markets Authority (CMA) announced that it has approved rules for exchange-listed real estate funds as Kingdom seeks to entice investment to develop housing in Saudi Arabia. “It is important to mention that these instructions aim to regulate offering of Real Estate Investment Traded Funds that has a primary investment objective to invest in construction developed […]
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Will Saudi Spending Cutbacks Slow the Kingdom’s Push for Middle Class Home Ownership?
- October 26,2016
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- SUSTG Team
The local director of real estate services firm Jones Lang LaSalle (JLL) said Saudi Arabia’s state spending cuts will pressure people’s ability to buy their own homes and could push housing prices in some segments down by nearly a third, according to a report in Reuters. A reduction in subsidies available to government employees and […]
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Saudi Arabia combats desertification while also reforesting coasts
- July 24,2024
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- SUSTG Team
The National Center for Vegetation Cover Development and Combating Desertification (NCVC) of Saudi Arabia was established in 2014 by the Council of Ministers to manage and invest in the country’s vegetation cover and combat desertification.
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Gidori, a New Private Golf-Focused Community and Destination at NEOM, Announced with A Focus on Lush Landscaping
- March 11,2024
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- SUSTG Team
The Board of Directors of NEOM has announced Gidori – an exclusive private golf community set amidst the breathtaking coastal hills of the Gulf of Aqaba – as the latest addition to NEOM, the evolving regional development in northwest Saudi Arabia, according to a press release.
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Israel, Gaza, and a region with shifting power dynamics with columnist Hussein Ibish
- March 4,2024
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- SUSTG Team
In Episode 125, the hosts welcome veteran columnist and analyst Hussein Ibish onto The 966 for his third appearance on the program to unpack the implications of Israel’s brutal war in Gaza and the shifting regional and global power dynamics since October 7th.
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Dr. Basma Al-Buhairan, from Saudi Arabia’s C4IR and the Saudi RDIA, talks tech development, transformation in KSA with The 966
- December 15,2023
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- SUSTG Team
In Episode 115, The 966 hosts are back in their normal seats and with a special guest, Dr. Basma Al-Buhairan, Managing Director for the Center for the Fourth Industrial Revolution (C4IR), who joins The 966 to talk about tech adoption and the Center’s role in enabling Vision 2030’s success.
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More on Saudi-Israel normalization reports, Lucid’s future, and Kuwait University’s Bader Al-Saif joins The 966
- August 11,2023
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- SUSTG Team
Episode 98! Dr. Bader Al-Saif, founding President at Al-Saif Consulting and Assistant Professor at Kuwait University joins The 966 to talk about Saudi Arabia as an emerging economic and diplomatic power in a changing region. Al-Saif is also a visiting researcher at Georgetown University, where he completed his PHD in history, and a non-resident fellow […]
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MUST-READS
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Saudi AramcoSaudi Aramco signs MoU with GE and Cividale SpA
Saudi Aramco has signed a Memorandum of Understanding (MoU) with GE (NYSE: GE) and Cividale SpA of Italy to build the Middle East and North Africa’s first-of-its-kind high-end forging & casting manufacturing facility that will serve the region’s maritime and energy industries.
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Ras al-KhairSaudi Aramco Signs Maritime Yard Agreement
The Saudi Arabian Oil Company, known as Saudi Aramco, has signed a joint agreement with three potential partners for the development of a maritime yard at Ras al-Khair in the Eastern Province of the Gulf state.
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Saudi Oil PolicySaudi Aramco Lifted 2015 Oil Output to Record to Retain Market Share
Saudi Arabian Oil Co., the world’s largest crude producer, increased output to an all-time high last year while keeping its reserves unchanged as the kingdom battles for market share.
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Saudi AramcoSaudi Aramco says discovers new fields, to continue energy investments
Aramco, the world's largest oil company, which is preparing a stock market listing to sell a small portion of its shares, has discovered three new oil fields, it said in the report. They are Faskar, offshore in the Arabian Gulf near the Berri field; Janab, east of the Ghawar field; and Maqam, in the eastern Rub’al-Khali.
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Saudi Aramco IPOSaudi Aramco boosting market share as it prepares for listing: CEO
Saudi oil giant Aramco is gaining market share and pushing for greater efficiency, chief executive Amin Nasser said in an interview, as it acts as a "bridge" to a future when the nation relies less on energy exports.
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Saudi Aramco BondsSaudi Aramco Said to Appoint JPMorgan, HSBC for Debut Bond Sale
Saudi Aramco, the world’s largest oil exporter, is working with JPMorgan Chase & Co., HSBC Holdings Plc and Riyad Bank on the company’s first sale of Islamic bonds, people with knowledge of the matter said.
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Saudi AramcoJacobs Engineering Announces Saudi Aramco/Total Contract
The California-based Jacobs Engineering Group has been awarded a two-year engineering services contract by the Saudi Aramco Total Refining and Petrochemical Company, known as Satorp, according to a statement published Wednesday on the company's website.
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Saudi Aramco Energy VenturesSaudi Aramco’s Venture Arm Steps Up Investments
Since Saudi Aramco launched its corporate venture arm, Dhahran-based Saudi Aramco Energy Ventures (SAEV) in 2012, it has been on the lookout for early stage and high growth companies in energy, petrochemicals, and renewables, among other areas. It has a mandate to invest anywhere between $1 million and $30 million per transaction.
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OPECOPEC’s Head of Research Said to Leave Post to Join Saudi Aramco
OPEC has tried unsuccessfully for more than three years to find a replacement for current Secretary-General Abdalla El-Badri, who was due to stand down in 2012 after serving two terms in the role. At OPEC’s last meeting in December, El-Badri’s term was extended until July.
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Saudi AramcoSaudi Aramco: The world’s biggest oil company in 7 crazy numbers
A small portion of Saudi Aramco will be listed as early as 2017, and the shares could trade on up to four markets: New York, London, Hong Kong and Saudi Arabia's capital Riyadh.
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