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Hardin Lang Discusses the Advance of ISIS in Iraq and the Implications for the U.S.-Saudi Relationship [VIDEO]
Last week’s FocusKSA discussion brought together leading thinkers and analysts to discuss the advance of ISIS in Iraq and hash out the implications for key players, especially the United States and Saudi Arabia. In his opening remarks, Hardin Lang, Senior Fellow, Center for American Progress (CAP), discussed the findings from the just-released CAP study, co-written with Brian Katulis […]
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New retail hours for shops in Saudi Arabia
Saudi Arabia has approved new retail hours for Saudi stores, according to a Saudi Gazette report via Arabian Business:
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US-Saudi Trade, Investment and the U.S.-Saudi Commercial Relationship
On June 12th, 2014 the FocusKSA discussion series examined the current status and future trajectory of trade and investment between the U.S. and Saudi Arabia.
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An Interview with Abdulaziz Alhazmi, COO and Acting Director General of Saudi Arabian Airlines (Saudia)
On the eve of the 2014 Saudi Arabian Cultural Mission (SACM) Career Fair and Graduation Ceremony last week, I sat down with Abdulaziz Alhazmi, COO and Acting Director General of Saudi Arabian Airlines (Saudia). Saudia is a major sponsor of these events and Mr. Alhazmi was in Virginia to personally congratulate the 12,500 Saudi students […]
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‘Saudi Labor in Transition’
With regard to preserving economic, political and social stability at home, none of these external issues may be as important for Saudi Arabia to ‘get right’ as the issue of jobs. FOCUS KSA presents Saudi Labor in Transition: What are the Challenges facing the Kingdom?
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Fahad Nazer: Assertions that Saudi Supports ISIL ‘Without Evidence’ and ‘Defies Common Sense’ [VIDEO]
Last week’s FocusKSA discussion on the deteriorating security situation in Iraq brought together three experts on the subject to make sense of the advance of ISIL and discuss the implications for Saudi Arabia and the United States. Fahad Nazer, analyst with JTG Inc. and frequent commentator on CNN, Al Monitor and other media outlets, focused on the lack of […]
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HRDF’s New Priority: Business Education Scholarships For Saudi’s Young Private Sector Leaders
Since its inception in 2000, the primary mission of the Saudi Human Resources Development Fund (HRDF) has been to provide job training and locate entry-level employment for young Saudis. But thanks to a new partnership with The Madinah Institute for Leadership and Entrepreneurship (MILE), HRDF now has another ambitious goal: to educate and support Saudi’s […]
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PHOTOS: The 2014 SACM Career Fair at the Gaylord Hotel in Washington DC
The recently completed 2014 SACM Career Fair brought together over 12,500 Saudi graduates and leading employers in Saudi Arabia to match talent with opportunities. Leading companies from the U.S., Saudi Arabia and around the world set up booths to meet the recent graduates, introduce their companies, and discuss employment opportunities.
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Saudi Arabia’s Upcoming 10th Economic Development Plan is of Critical Importance
Saudi Arabia’s two most important national economic goals are diversification and the creation of jobs. Simply, if the economy fails to diversify and doesn’t create enough jobs for Saudis, prospects for Saudi Arabia’s post-oil future will be severely diminished. An economic development plan is only as good as its implementation.
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VIDEO: FocusKSA Discussion on ‘Saudi Labor in Transition’
Last week, SUSTG President Richard Wilson and SUSRIS Editor-in-Chief Patrick Ryan hosted three panelists to discuss issues related to labor in Saudi Arabia.
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MUST-READS
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US Leaders Call for Calm in the Middle East, Even as More American Forces Head to the Region
Calling for calm in the Middle East, top U.S. national security leaders said that they and allies are directly pressing Israel, Iran and others to avoid escalating the conflict, even as the U.S. moved more troops to the region and threatened retaliation if American forces are attacked. “It’s urgent that everyone in the region take stock of the situation, understand the risk of miscalculation, and make decisions that will calm tensions, not exacerbate them,” Secretary of State Antony Blinken said at the close of a meeting with Australian leaders.
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Mapping the Growing U.S. Military Presence in the Middle East
The United States maintains a considerable military presence in the Middle East, with forces in more than a dozen countries and on ships throughout the region’s waters. That presence has expanded in 2024 as the United States focuses on deterring and defeating threats from Iran and its network of armed affiliates in the region, including Hamas (Gaza Strip), Hezbollah (Lebanon), the Houthis (Yemen), and several Iraq- and Syria-based militant groups.
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Oracle’s second cloud region in Saudi Arabia to help kingdom harness AI’s full potential
Oracle has opened its second cloud region in Saudi Arabia, giving a boost to Riyadh's digital transformation strategy, as it aims to help the kingdom's economy harness the full potential of artificial intelligence. The move, part of a $1.5 billion investment commitment announced by the US technology company in the Arab world's biggest economy, will help public and private organisations migrate to the cloud, Texas-based Oracle told The National on Tuesday.
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Saudi PIF Has Poured $750 Million Into Depleted AR Firm Magic Leap
Magic Leap, which has raised at least $3.5 billion, said it needs additional funds later this month and again in January and June 2025 “to meet its obligations as they fall due,” according to a company report filed in the UK. The firm has a “realistic expectation” of getting the funding from an unnamed investor, according to the filing from its European operations.
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Saudi Aramco Sees Oil Demand Rising by 1.6 Million Bpd in Second Half of 2024
Global oil demand is expected to rise by between 1.6 million and 2 million barrels per day (bpd) in the second half of the year, Saudi Aramco’s chief executive Amin Nasser said on Tuesday, noting that the past week’s selloff in oil doesn’t reflect fundamentals. Aramco sees total global oil demand at 104.7 million bpd for the full-year 2024, the top executive of the world’s largest oil company said on the second-quarter earnings call.
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Saudi Aramco to Return $31 Billion to Shareholders, Government Despite Profit Dip
Saudi Arabia's national oil company on Tuesday posted a quarterly net profit of $29.07 billion, down from the $30.83 billion it reported for the same period last year, after it sold less crude oil and its refining margins weakened, offsetting robust oil prices in the quarter.
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ACWA Power to commission 2.6 GW of Saudi solar projects by end-2024
Saudi Arabia’s ACWA Power Co (TADAWUL:2082) will commence operations in the second half of 2024 for four domestic solar projects with a combined capacity of 2,620 MW and a total investment of SAR 11.5 billion (USD 3.06bn/EUR 2.81bn).
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Saudi Aramco stock climbs on Q2 results, dividends
Shares of Saudi Aramco (2223.SR) are trading higher after the company met second quarter net income expectations and will pay a quarterly dividend totaling $31.1 billion. Yahoo Finance reporter Ines Ferré breaks down the details, analyzing the company's financials and providing insights into the broader oil industry landscape.
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Revolutionizing GCC Logistics: Impact of the Proposed Kuwait-Saudi Railway
The Kuwait-Saudi Railway, a groundbreaking infrastructure project set to stretch 650 kilometers and connect Kuwait City with Riyadh by 2028, could revolutionize logistics in the Gulf Cooperation Council (GCC) region. This rail link promises to bring about significant improvements in efficiency, cost-effectiveness, and environmental sustainability, marking a transformative moment for the region’s logistics landscape.
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Distressed companies on rise in Saudi Arabia and UAE, study says
The number of distressed companies in the UAE and Saudi Arabia has increased by almost 9 percent in the past year, with the sectors most at risk including chemicals, commodities and specialised retail. Concerns also surround the consumer-facing food and beverage industry in both countries, according to a report from consultancy Alvarez & Marsal. A&M defines distressed companies as those that have “significant” deficits in terms of both their financial and earnings situation.
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