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Recent stories from sustg
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Eid Greetings from SUSTG
- July 17,2015
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- SUSTG Team
Best Wishes from the SUSTG Team on the Occasion of Eid Al Fitr.
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New Officials Named for Top Housing, Royal Court Posts
- July 13,2015
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- SUSTG Team
Saudi Arabia appointed a housing minister with a background as a real estate developer on Monday and appointed a new head of the Royal Court, according to decrees issued by King Salman and reports by the Reuters news agency. Majed al-Hogail, former managing director of Rafal Real Estate Development Co, a private firm owned by Saudi […]
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Video Remarks: President Obama Hosts Iftar Dinner at the White House
- June 26,2015
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- SUSTG Team
President Obama hosted an Iftar dinner Monday night to mark Ramadan, and invited guests to break their fast at the White House. The Iftar is the evening meal after sunset that concludes the daily fasting during the month of Ramadan. The dinner was President Obama’s 7th Iftar celebration at the White House, and the President used […]
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Saudia’s ‘Largest aircraft leasing deal in history’ to include 50 Airbus planes
- June 24,2015
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- SUSTG Team
According to a press release, Saudia is set to lease 50 Airbus planes as the national carrier of Saudi Arabia expands its fleet, including 30 Airbus aircraft of A320-200 model and 20 aircraft of A330-300 model. In a statement last week, Airbus confirmed that Saudia will become the first airline in the world to operate the new Airbus […]
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Saudi Non-Oil Exports Drop, Imports Grow in 1Q 2015
- June 24,2015
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- SUSTG Team
Latest figures released by Saudi Arabia’s Central Department of Statistics show Saudi nonoil exports dropped by 14.5 percent, to $12.5 billion in the first quarter of 2015 compared to 1Q 2014. Meanwhile, Saudi imports are up by 6.88% in the first quarter of this year, to $43 billion. Plastic and rubber products topped the Kingdom’s list […]
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Large Jump in May Oil Shipments to China Moves Russia Past Saudi Arabia
- June 23,2015
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- SUSTG Team
Russia has leaped ahead of Saudi Arabia as the top oil supplier to China, according to Bloomberg, as the race to supply the world’s second-largest oil consumer heats up. Bloomberg: “China imported a record 3.92 million metric tons from its northern neighbor in May, according to data emailed by the Beijing-based General Administration of Customs on Tuesday. […]
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A Saudi-Russia Thaw?
- June 18,2015
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- SUSTG Team
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman visited Russia today amid growing evidence of a thaw in Saudi-Russian relations. With the headline of “Saudi Arabia and Russia to cement ties,” the English language daily Arab News reports that Deputy Crown Prince Mohammed bin Salman “will seek to cement economic, cultural, political and trade relations […]
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U.S. Chamber of Commerce, Saudi Committee for International Trade and SUSTG Host Shura Delegation in Washington
- June 15,2015
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- SUSTG Team
Members of Saudi Arabia’s Shura Council visited Washington, D.C. last week for meetings. The delegates represented the Saudi-U.S. Parliamentary Friendship Committee of the Majlis Al-Shura which makes regular visits to the United States in support of the U.S.-Saudi relationship. The Shura delegates and invited guests were hosted at the U.S. Chamber of Commerce for a […]
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Video: CEO of Saudi Stock Exchange Adel Saleh Al-Ghamdi Speaks with CNBC as Saudi Bourse Opens
- June 15,2015
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- SUSTG Team
Saudi Arabia’s $585 billion stock market – the largest in the region – opened to wider foreign investment today in Riyadh. The CEO of Saudi Arabia’s Stock Exchange, Adel Saleh Al-Ghamdi gave an interview to CNBC on the opening of the market and the implications for the Kingdom of Saudi Arabia’s economy. “The reason is not really […]
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U.S. Chamber of Commerce, Saudi Committee for International Trade to Host Private Roundtable Luncheon with Visiting Shura Council Members in Washington
- June 8,2015
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- SUSTG Team
This week, members of Saudi Arabia’s Shura Council will attend a private roundtable luncheon at the Washington Headquarters of the U.S. Chamber of Commerce as part of the delegation’s outreach to the U.S. business community. Organized by the U.S. Chamber of Commerce, the Committee for International Trade (CIT) of the Council of Saudi Chambers, and […]
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MUST-READS
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Strengthening Documentary Heritage Preservation in Saudi Arabia
UNESCO launched this week the first in a series of capacity-building activities aimed at preserving documentary heritage in AlUla, Saudi Arabia. Organized in cooperation with the Royal Commission of AlUla (RCU), these activities will explore best practices at strengthening the capacity of national archives and other memory institutions. Featuring the participation of experts from RCU and partner organizations involved in the preservation of AlUla’s heritage, the inaugural workshop trained 16 heritage practitioners from AlUla’s memory institutions, including archivists, librarians, conservators, and cultural heritage managers.
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Sotheby’s Inaugural Auction in Saudi Arabia to Take Place in Diriyah in February 2025n Saudi Arabia
Sotheby’s has today announced plans for its inaugural auction in Saudi Arabia – an unprecedented event that will mark the first ever international auction in the Kingdom’s history. Titled Origins, the sale will take place on 8 February 2025, offering an array of Sotheby’s global offerings for new and seasoned collectors. The two-part evening auction will comprise a sale of fine art by both home-grown Saudi artists alongside the leading names in international art history, as well as a showcase of all that luxury encompasses, including jewellery, watches, cars, sports memorabilia and handbags. Prior to the sale, the contents of Origins will be showcased in a free, public exhibition, open from 1 – 8 February, in a week-long celebration of art, luxury and culture.
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Saudi women at work: progress and obstacles
The Kingdom’s women workforce is expanding in unprecedented ways. According to the Ministry of Finance, female labor participation has reached 35%—well above the original Vision 2030 target of 30%. This marks a stark economic shift. Yet, despite this progress, deep-rooted structural barriers and societal resistance persist. Female inclusion is still largely concentrated in caregiving and education—sectors prioritized by nationalization policies—which restricts their wider economic involvement. Going forward, the key question is whether Saudi Arabia can overcome these social hurdles while sustaining its rapid economic momentum.
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Iraq, Saudi Arabia move to shore up military cooperation
Iraq and Saudi Arabia have inked a new military cooperation agreement, marking a potentially significant step in their evolving rapprochement. The memorandum of understanding (MOU) aims to enhance defense ties between the two neighbors, focusing on addressing shared security challenges. Signed amid mounting regional tension, the agreement signals Baghdad’s interest in forging a middle path, particularly concerning Iran. While details on the MOU are scarce, observers say it may be an initial step in a long journey to redefine Iraq’s role in regional security.
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Revealed: The Arabian Business 100 Most Admired Companies for 2024
This year, we’re spotlighting a wide range of companies, from industry titans to trailblazing disruptors. Take, for instance, The Giving Movement – a brand pioneering sustainable fashion and reshaping the industry’s approach to eco-consciousness. Emirates Airline, a true titan in global aviation, which continues to set new benchmarks, while Neom, Saudi Arabia’s visionary city of the future, stands set to redefine urban living as we know it. The list also features the giants of construction, finance, and technology, such as Emaar, known for its skyline-shaping developments, and e&, whose tech-driven solutions are propelling digital transformation across the region.
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Saudi Arabia Online Food Ordering and Delivery Analysis Report 2024: Market to Reach $7.95 Billion by 2029
The online food ordering and delivery market in Saudi Arabia has experienced exponential growth in recent years, undergoing a transformative shift in the way consumers access and enjoy food. Several key factors contribute to the burgeoning success and evolution of this market within the kingdom. The market is characterized by stiff competition among various online food delivery platforms, each vying for consumer attention and loyalty.
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Goldman, JPMorgan Among China’s Picks for Saudi Dollar Bond Sale
The sale of up to $2 billion will take place in Saudi Arabia’s capital, Riyadh, and likely happen next week, Bloomberg reported on Tuesday. The move is emblematic of China’s deepening financial ties with Saudi Arabia, the biggest economy in the Middle East, and signals Beijing’s backing for the kingdom’s ambitions to become a magnet for investment. The Chinese Ministry of Finance has hired several banks to manage the issuance of three- and five-year debt, said the people. The group also includes Bank of America, Bank of China, Deutsche Bank AG, HSBC Holdings Plc, Industrial and Commercial Bank of China, Standard Chartered Plc and First Abu Dhabi Bank PJSC.
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Israel to fetch soccer fans from Amsterdam after apparent antisemitic attacks
Israel was sending commercial planes to the Netherlands on Friday to bring home Israeli soccer fans after overnight attacks in Amsterdam that officials described as antisemitic, although there was evidence of provocative chanting from Israeli fans. Videos on social media showed riot police intervening in clashes, with some attackers shouting anti-Israeli slurs. But some footage also showed Israeli supporters chanting anti-Arab slogans before Thursday evening's match.
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Saudi Arabia issues Real Estate Transaction Tax Law
The Law introduces specific exemptions for various real estate transactions, providing further guidance on certain exemptions that were not referenced previously. The Law is effective 180 days from the date of its publication in the Official Gazette (i.e., effective 9 April 2025). Once the Law is effective, any contradictory provisions will be superseded. Additionally, the Board of Governors of the ZATCA will also issue new Implementing Regulations (Regulations) within 180 days from the date of issuance of the Law to facilitate the effective implementation of the Law, by providing additional guidance.
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China in the Middle East
The Chinese don't pretend to be the teachers or the lecturers of Middle Eastern countries. If you look at the framing in the Chinese diplomatic playbook, a lot of the time, the Chinese diplomats will refer to the term “mutual learning of great civilizations.” So: China is a great civilization, and the Middle East also has great civilizations, so let's learn and cooperate with each other. That's a very different element in terms of China's relationship with the Middle East.
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