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Saudi Arabia to Host December Conference Seeking to Unite Syrian Opposition
Saudi Arabia will host a conference in mid-December to try to unite the Syrian opposition ahead of new peace talks, according to reports. The goal of the conference is to attempt to present various factions of the Syrian opposition as a united front in future negotiations. According to reports, the U.N. envoy to Syria, Staffan De Mistura, “informed the […]
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HRH King Salman, Saudi Officials React to Paris Tragedy
Saudi Arabia’s top leaders have responded with unequivocal condemnation of the attacks and expressed condolences to French leaders in the aftermath of the Daesh-orchestrated seige of Paris on Friday. “We learned about the pain and the sadness of the terrorist attacks in Paris… We express our condemnation for this repugnant terrorist act and offer our […]
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Skyline of Saudi Capital Riyadh Lights Up with France’s Flag Colors in Solidarity with Longtime Ally
Landmarks in Saudi Arabia’s capital, Riyadh, displayed the colors of the French flag in solidarity with the longtime European ally nation in the aftermath of the terrorist attacks by claimed by Daesh on Friday. Riyadh’s Kingdom Tower and the Al Faisaliyah tower both featured the colors of blue, white, and red. “We learned about the […]
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Saudi Arabia’s Unknown Shale Potential is Yet Another Variable in Shifting Global Energy Landscape
The impact of the rise of shale production, particularly in the United States, has radically changed the trajectory of the global energy landscape. Only in the last year, when Saudi Arabia and OPEC decided to boost production rates to mute the impact of shale and regain market share, has conventional energy regained top-dog status in […]
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IEA 2015 Report: Oil Likely to Rise to $80 by 2020, but Risks for ‘Dependency’ on Low-Costs Producers Heightened
Consumers stand to benefit from an extended period of lower oil prices, but a prolonged period would “trigger energy-security concerns by heightening reliance on a small number of low-cost producers, or risk a sharp rebound in price if investment falls short,” the International Energy Agency (IEA) said in its 2015 World Energy Outlook publication (WEO-2015). […]
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Saudi Arabia Submits Climate Plan in Advance of Paris Summit
In advance of the November 30 – December 11, 2015 World Climate Summit in Paris, France, Saudi Arabia has submitted a plan to reduce it’s expected output of carbon emissions by 130 million tons by 2030. Reuters and Al-Arabiya reported that Saudi Arabia was the last of the Group of 20 major economies to submit […]
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King Salman Tops Region’s Most Powerful in Latest Forbes List following Eventful First Year
Forbes magazine has named Custodian of the Two Holy Mosques HRH King Salman as the most powerful personality in the Arab world in the magazine’s most recent list for 2015. Russian President Vladimir Putin (No. 1) takes the top spot out of 73 on Forbes’s seventh annual ranking of “The World’s Most Powerful People.” In a curious decision by […]
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Long Saudi Arabia’s Third Rail, Energy Subsidies May be Targeted to Address Fiscal Challenges
With shrinking assets and a growing budget imbalance, Saudi Arabia is reportedly eying cuts to its domestic energy subsidy program, long a third rail for Saudi domestic politics. Although a reduction in energy subsidies could help the government balance its budget, the subsidies may be challenging politically. “On paper, ditching subsidies would close around two-thirds of […]
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Why US Shale Oil Is At an Inflection Point
A recent Jadwa Investment report found that there will not be a collapse in shale oil production as a period of sector consolidation, through global integrated oil companies and private equity, ensures that shale oil remains a key player in the global oil market going forward. The report, which follows up on a comprehensive analysis published by […]
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Surge in Use of Stimulant Fuels Concern in Saudi Arabia
The recent arrest of a member of Saudi Arabia’s royal family for attempting to import 2 tons of an illegal drug has dragged Saudi Arabia’s underground drug culture into the spotlight. Use of fenethylline, more commonly known by its commercial name Captagon, is on the rise in Saudi Arabia and especially among the youth. The drug […]
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Inaugural Esports World Cup signs off with historic closing ceremony
Over the course of eight consecutive weeks, the EWC hosted 1,500 athletes and over 200 clubs, with a record-breaking $60m prize pool up for grabs across 22 tournaments and 21 titles. The ceremony concluded the biggest weekend in esports history, which also featured the 2024 Esports Awards and 2024 New Global Sport Conference.
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Saudi Arabia launches Phase I of Riyadh Parking Project
Phase I of the project is to create and manage over 24,000 public parking spaces in public and commercial streets, in addition to the management of more than 140,000 parking spaces in nearby residential neighborhoods. The phase will cover 12 areas distributed across the Al-Wurud, Ar Rahmaniyyah, West Olaya, Al-Murooj, King Fahd, and Al-Sulaimaniyah districts, in addition to four other areas in the southern neighborhoods of Riyadh.
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All proposed Iranian ministers approved, but at what cost?
All ministerial nominees of Iran’s President Masoud Pezeshkian have been approved by the parliament—a first in 23 years. The vote of confidence has stirred controversy as Pezeshkian prior to the ballot told lawmakers that Supreme leader Ayatollah Ali Khamenei had pre-approved all picks. The assertion has sparked pushback from both critics and supporters of the political establishment.
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Saudi Ambassador to Yemen meets UN Special Envoy
Saudi Ambassador to Yemen Mohammed Al-Jaber met with UN Special Envoy for Yemen Hans Grundberg in Riyadh on Thursday. They discussed the latest developments with regard to the Yemeni crisis. Al-Jaber is also serving as the executive director of Yemen Comprehensive Humanitarian Operations and general supervisor of the Saudi Development and Reconstruction Program for Yemen.
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Israel’s evacuation orders have displaced 90% of Gaza residents, UN says
Successive Israeli evacuation orders in Gaza have displaced 90% of its 2.1 million residents since the Israel-Hamas war began in October, the top U.N. humanitarian official for the Palestinian territory says. U.S. Vice President Kamala Harris says she and President Joe Biden are working to end the war in Gaza, where the International Rescue Committee says the polio virus has been circulating for the first time in a quarter-century because of the destruction of hospitals and water infrastructure, along with overcrowded living conditions.
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Saudi: Tadawul witnesses 22 private deals worth $104.26mln on Thursday
Investors in the Saudi stock market Tadawul witnessed execution of 22 private deals on Thursday, with a total value of SR391 million. Most of these deals were pertaining to the Saudi local banks. The highest executed value was in Alinma Bank with SR132 million distributed over six deals with about 4 million shares executed at a price of SR32.25.
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Saudi Ministry unveils $26.65 million initiative to transform Najran into mining hub
At a recent investor meeting in Najran, Minister Bandar Alkhorayef emphasized the ministry’s dedication to supporting investors and tackling sector challenges. The Industrial Fund, offering up to 75% financing, specifically targets support for the Najran region, recognized as a promising peripheral area.
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Questions mount over six hostages’ fate in Gaza after IDF finds gunshot wounds
Fury was palpable at the end of a demonstration in Tel Aviv on Thursday, as protesters demanded a deal to free Israeli hostages in Gaza and grieved this week’s news that the bodies of six captives had been retrieved. Their tragic fate has raised fears that more Israeli hostages will not be retrieved alive either, said one protester. “We need to bring back those that we know were alive,” Daniel told CNN. Continuing war as negotiations for a ceasefire-hostage deal falter “will only bring more coffins to them and to us,” the 48-year-old added.
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Taliban codify morality laws requiring Afghan women to cover faces, men to grow beards
Afghanistan's Taliban formally codified a long set of rules governing morality this week, ranging from requiring women to cover their faces and men to grow beards to banning car drivers from playing music, the Justice Ministry said. The rules, promoted as in line with Islamic sharia law and to be enforced by the morality ministry, were based on a decree by the Taliban's supreme spiritual leader in 2022 and were now officially published as law, a Justice Ministry spokesman said.
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Commentary: Newcastle’s Saudi future may not be what many imagined as pressure hits
Newcastle will always have the memories of the night when they welcomed Paris Saint-Germain to St James’ Park – Kylian Mbappé, Gianluigi Donnarumma, Ousmane Dembélé et al – and beat them 4-1, but the European adventures perhaps took the edge off league form and the result was a seventh-placed finish. There’s no shame in that: other than the previous season, it was their best finish since 2011-12. But expectations have been raised. One season’s exceptional achievement rapidly becomes the following season’s par.
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