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Recent stories from sustg
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Gallup Poll Finds Palestinians Lack Faith in Biden, Two-State Solution
- October 18,2023
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- SUSTG Team
Hamas’ killing of an estimated 1,400 Israelis — the vast majority being civilians killed in their homes — has been followed by another humanitarian crisis in Gaza. Already, as many as 3,000 Palestinians have been killed in Israeli retaliatory bombing, as a potential Israeli ground invasion appears imminent. Even before the latest chapter in the conflict, Palestinians’ […]
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Watch Saudi Arabia’s Crown Prince Mohammed bin Salman’s Interview with Fox News’ Bret Baier
- September 21,2023
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman sat down with Fox News journalist Bret Baier for a wide-ranging interview – his first in English with an American television network.
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Saudi car imports spike in 2023
- June 11,2024
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- SUSTG Team
Saudi Arabia’s car imports grew to 93,300 vehicles in 2023, up from 66,900 the previous year. Japan, India, South Korea, US, and Thailand are the leading exporters of cars to Saudi Arabia.
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IMF Launches New Regional Office in Saudi Arabia
- April 25,2024
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- SUSTG Team
The goal of the new office is to strengthen the IMF’s collaboration with governments and institutions in the Middle East including promoting economic stability, growth, and regional integration. It also underscores the growing economic importance of the region.
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The evolution of Saudi Arabia’s public diplomacy with Rayan Alyusufi
- January 15,2024
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- SUSTG Team
The 966 speaks with Rayan Alyusufi, a young Saudi researcher in public diplomacy and international communication to discuss the Kingdom’s public diplomacy, “sharp power,” and evolution of Saudi as an emerging diplomatic player. Rayan is a PHD Candidate at Bournemouth University in the United Kingdom.
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Goldman Sachs Research Report Highlights Saudi Investment to Transform Economy, Says Efforts are Showing Results
- October 19,2023
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- SUSTG Team
Saudi Arabia’s focus on diversifying its economy beyond oil is showing results, according to a recent report from Goldman Sachs Research.
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4th Riyadh Season Unveils New Logo and Theme Ahead of Launch; New Zone Created Called ‘Boulevard Hall’
- September 20,2023
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- SUSTG Team
Saudi Arabia’s General Entertainment Authority (GEA, revealed a new logo and identity for the fourth edition of “Riyadh Season,” set to launch on October 28 under the banner of “BigTime.”
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Aramco Share Sale Attracts Foreign Investors
- June 10,2024
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- SUSTG Team
Aramco’s recent share sale attracted over $65 billion in orders, exceeding expectations with foreign investors estimated to hold around 60% of the shares sold, a significant increase from Aramco’s 2019 IPO.
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Saudi’s Regional Headquarters Program Moves Forward
- April 24,2024
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- SUSTG Team
In February the Zakat, Tax and Customs Authority published guidelines specifying RHQ tax rules. Under the new rules, specific activities qualify for tax incentives. The new RHQ tax rules aim to clarify the scope and conditions of tax relief for RHQ entities, as announced by MISA in December 2023.
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Saudi Arabia Invites Developers for 3.7 GW of Solar Projects
- January 16,2024
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- SUSTG Team
Saudi Arabia is seeking to award four solar projects with a combined capacity of 3.7 GW as part of the fifth round of its National Renewable Energy Program (NREP), with the Saudi Power Procurement Company (SPPC) opening the qualification process for companies interested in the development of the four projects, according to a report in renewablesnow.com.
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MUST-READS
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BankingSaudi Arabia Telling Foreign Banks to Disclose Finances
Saudi Arabia is telling international banks to publicly disclose financial statements for the first time as the kingdom’s regulator seeks to boost transparency.
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Saudi BanksMoody’s cuts credit view on Saudi banks on low oil
Moody's Investors Service cut its outlook for Saudi Arabia's banking system on concerns that low oil prices have sapped the government's ability to spend heavily at home and put a brake on economic growth.
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Saudi BondsSaudi banks hold $23.1bn in sovereign bonds
Saudi Arabian banks increased their portfolio of government bonds to $23.1bn (SAR86.7bn) at the end of January 2016.
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Saudi FinancesSaudi Arabia asks banks to discuss major loan -sources
Saudi Arabia has asked banks to discuss providing it with a major international loan that could total around $10 billion, in the first significant foreign borrowing by the government for over a decade, sources aware of the matter said on Wednesday.
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BankingSaudi banks ‘still enjoy strong liquidity levels’
Saudi bank credit to both consumers and corporations accelerated during the fourth quarter of 2015, a report from Jadwa Investment said.
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Banking and FinanceSaudi Banks Show Signs of Stress With Stocks Cheaper Than Assets
Saudi banking stocks have fallen to the lowest levels in at least a decade relative to their net assets, showing the slump in oil is stoking concern that bad loans will increase.
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Banking and FinanceSaudi banks seen benefiting from Fed interest rate rise
Saudi Arabian banks are set to benefit from the US Federal Reserve’s decision to raise interest rates for the first time since 2006 as loans reprice to higher levels, according to Saudi Fransi Capital.
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Ma'adenSaudi’s Ma’aden wins backing from banks for $3bn loan
Saudi Arabian Mining Co (Ma'aden) said its phosphate business has received commitments from local, regional and international banks for a 11.5 billion riyal ($3.07 billion) loan, according to a bourse filing on Wednesday.
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Saudi BondsSaudi Arabia to issue $5.3 bln in bonds to banks next week -Maaal
Saudi Arabia's government is in talks with local banks to sell them local currency bonds, worth 20 billion riyals ($5.3 billion), which will be allocated next week, the Maaal financial website reported on Monday, citing unnamed sources.
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BankingSaudi banks have plenty of cash, says central bank chief
Saudi Arabian commercial banks have plenty of cash, Saudi central bank governor Fahad al-Mubarak said on Monday after a rise in interbank money rates raised concern about tightening liquidity in the kingdom.
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