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Perspective: “Lessons from America’s Continuing Misadventures in the Middle East” – Chas Freeman’s Speech to AUSPC in Washington
In the opening keynote at this year’s 24th Arab-US Policymaker’s conference, Ambassador Chas W. Freeman, Jr. discussed the lessons from America’s “continuing misadventures in the Middle East.” The event, hosted by the National Council on U.S.-Arab Relations in Washington, D.C., enters its second day today at the Ronald Reagan International Trade Center. Ambassador Freeman chairs Projects […]
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Jadwa October 2015 Chartbook: Investment in Foreign Securities Recorded a Monthly Increase, First Time in 2015
Investment in foreign securities recorded a monthly increase for the first time in 2015, an indication that pressure continued to be relieved off foreign reserves as the main deficit financing tool, according to a recently released report by Riyadh-based Jadwa Investment. Additionally, net monthly withdrawals from government accounts continued to be small in August compared to […]
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Saudi Students in the U.S. Increased 20% from 2013/2014 and Are Increasingly Placed in Diverse Institutions, Study Finds
A recent report on Saudi students in the United States by World Education News and Review (WENR) found that Saudis studying in the U.S. have increased by 20% in the last year and often apply to a wider range of schools other than the elite institutions that are a typical focus of international applicants. The […]
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HRH Prince Turki al-Faisal, in First Interview with Israeli Media, Chides Netanyahu for Refusing Peace
HRH Prince Turki al-Faisal gave his first televised interview with the Israeli media station Haaretz, and told the outlet that if Netanyahu was a far-sighted leader, he would negotiate on the basis of the Arab Peace initiative. If Benjamin Netanyahu “was more of a far-sighted leader, he would break the logjam and negotiate on the […]
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14 Years After 9/11 Attacks, U.S. Judge Throws Out Suit Against Saudi Arabia
A U.S. judge on Tuesday dismissed claims against Saudi Arabia by families of victims of the Sept. 11, 2001 attacks, just over 14 years after the strikes on the World Trade Center towers and the Pentagon. U.S. District Judge George Daniels in Manhattan said Saudi Arabia “had sovereign immunity from damage claims by families of […]
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SAMA Draws Down on ‘$50-70 Billion’ From Foreign Assets in Face of Sustained Oil Price Slump
Saudi Arabia is seeking to cut its widening deficit and “reduce exposure to volatile equities markets amid the sustained slump in oil prices” as it draws down a reported $50-$70 billion from foreign holdings around the world in 2015, according to a Financial Times report. The sale of assets is in line with estimates on […]
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Over 700 Dead and Hundreds More Injured after Stampede in Mina Seen as ‘Worst Hajj Disaster in 25 Years’
At least 717 pilgrims were killed and 805 others were injured on Thursday in a stampede in Mina, outside the Muslim holy city of Mecca, in the worst disaster to strike the annual haj pilgrimage in 25 years. The stampede was caused by two large groups of pilgrims arriving together at a crossroads on their way […]
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U.S. Coordinates with Saudi Arabia to Return Guantanamo Detainee
A suspected former bodyguard to Osama bin Laden has been transferred from Guantanamo Bay to his native Saudi Arabia, according to U.S. DoD officials. “The United States is grateful to the government of the Kingdom of Saudi Arabia for its willingness to support ongoing U.S. efforts to close the Guantanamo Bay detention facility. The United […]
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2015 C3 US-Arab Business Summit – New York City
In collaboration with the U.S. Department of State, the U.S. Chamber of Commerce, and C3 International, the C3US-Arab Business Summit will take place on Monday, October 19, 2015, in New York City at the Union League Club. The summit will focus on “Cyber Security, Smart Cities, and Bilateral Prosperity.” Save the date and register now […]
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Key Backing of Iran Deal by Saudi King Salman Could Further Boost U.S.-Saudi Military Ties
Following King Salman’s personal and public support for the P5+1 deal with Iran at the White House last week, the United States and Saudi Arabia have overcome one of the largest bi-lateral diplomatic hurdles in decades. The strong support follows months of salesmanship by the Obama administration and paves the way for continued military and […]
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Saudi Arabia’s automotive market surges amid shifting consumer preferences
The Kingdom imported 93,300 cars in 2023, marking a significant increase from the previous year’s 66,900, as revealed by Hamoud Al-Harbi, spokesperson for the Zakat, Tax and Customs Authority. This surge brings the total number of cars imported in 2022 and 2023 to 160,000, with major contributors including Japan, India, South Korea, the US, and Thailand.
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Saudi Arabia’s private sector workforce surges to 11.3 million
The number of employees in the Saudi private sector soared to 11.37 million last month, indicating significant job growth, according to an official labour agency.The Saudi National Labour Observatory (NLO) reported in a monthly publication that the workforce comprises 9 million expatriates and 2.3 million Saudis, including 971,323 female citizens.
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PGA Tour reports ‘progress’ without details in meeting with Saudi wealth fund leaders
The PGA Tour reported progress without details from a face-to-face meeting between its negotiating committee and the Public Investment Fund of Saudi Arabia as it tries to work toward a deal. “We want to get this right, and we are approaching discussions with careful consideration for our players, our fans, our partners and the game's future,” the tour said in a statement released Saturday morning.
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Saudi minister says no place for ‘political slogans’ during Hajj in apparent Gaza reference
The Saudi government has reiterated its stance that the annual Islamic pilgrimage of Hajj is strictly a religious event for worship only, rather than a venue for political expression.
According to multiple reports, Minister Tawfiq Al-Rabia said, "Hajj is for worship, not for any political slogans", adding that the leadership was committed to ensuring the pilgrimage “embodies the highest levels of devotion, tranquillity and spirituality."
The statement was in response to a journalist who had asked the minister about the rules and punitive measures regarding the display of "political and sectarian slogans".
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Al-Jubeir leads Saudi delegation at high-level ocean action event in Costa Rica
The Minister of State for Foreign Affairs, Member of the Cabinet, and Climate Envoy Adel Al-Jubeir, headed Saudi Arabia’s delegation participating in the high-level event on ocean action: Immersed in Change in the Costa Rican capital, San Jose. The event discusses best practices and experiences related to ocean management and highlights the most important topics related to international action for the oceans.
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How Saudi Arabia is building a sustainable agricultural sector through innovation
Climate change poses a significant threat to agriculture, with serious implications for food security, livelihoods and access to water. That is why Saudi Arabia is adopting a range of innovative and sustainable farming practices. As summer temperatures become more intense around the world, crop yields are dwindling and water scarcity mounting, raising the specter of food insecurity in some regions and higher prices on domestic and global markets. Agriculture is also a major contributor to greenhouse gas emissions. About 24 percent of human-induced emissions are the result of agriculture, forestry and land use activities, according to the Intergovernmental Panel on Climate Change.
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How Saudi Arabia Outbound Travel Surging Tourism In 59 Country With Visa Free Access Including Turkey, Egypt, Kazakhstan And Georgia?
The Saudi Arabian passport continues to enhance its global presence by granting its holders visa-free access to an impressive list of 59 countries and territories. Currently ranked as the 46th most powerful passport globally, it allows Saudi citizens to travel widely and effortlessly. Additionally, Saudis can visit GCC countries such as Bahrain, Kuwait, Oman, Qatar, and the UAE using just their national ID, streamlining travel within the region.
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Saudi Arabia point of sale spending reaches $14bn in April
Saudi Arabia’s point of sales spending reached around SR53 billion ($14 billion) in April, registering a 3 percent rise compared to the same month last year, latest data revealed. Figures from the Saudi Central Bank, also known as SAMA, revealed that 30 percent of the POS spending during this period, totaling SR15.83 billion, was allocated to beverages, food, restaurants, and cafes. Another 12 percent, or SR6.51 billion, was spent on miscellaneous goods and services, including personal care, supplies, maintenance, and cleaning, with this category showing the second-highest growth rate of 22.5 percent.
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Israel’s centrist minister Benny Gantz quits Netanyahu government
Israeli minister Benny Gantz announced his resignation from Prime Minister Benjamin Netanyahu's emergency government on Sunday, withdrawing the only centrist power in the embattled leader's far-right coalition amid a months-long war in Gaza.The departure of Gantz's centrist party will not pose an immediate threat to the government. But it could have a serious impact nonetheless, leaving Netanyahu reliant on hardliners, with no end in sight to the Gaza war and a possible escalation in fighting with Lebanese Hezbollah.
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Hamas official urges US to pressure Israel to end Gaza war
A senior Hamas official urged the United States on Monday to pressure Israel to end the war in Gaza, ahead of the planned visit on Monday by U.S. Secretary of State Antony Blinken to the region to push forward ceasefire efforts.Blinken is set to visit Egypt and Israel on Monday. He also aims to ensure the war does not expand into Lebanon."We call upon the U.S. administration to put pressure on the occupation to stop the war on Gaza and the Hamas movement is ready to deal positively with any initiative that secures an end to the war," senior Hamas official Sami Abu Zuhri said.
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