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Oxford Business Group Launches OBG Business Barometer: Saudi Arabia CEO Survey
The Oxford Business Group (OBG) has launched a new research series that examines attitudes of top CEOs in Saudi Arabia. OBG, which publishes investment and economic reports on more than 30 countries including emerging markets in the Middle East, Asia, Latin America. “It’s not difficult to conclude that for the Gulf region’s largest economy the […]
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New Saudi Arms Manufacturer ‘SAMI’ Launched As Part of Vision 2030 Ahead of Trump Visit
Saudi Arabia’s Public Investment Fund (PIF) announced on Wednesday the launch of a national state company for arms manufacturing as part of its Vision 2030 economic and social reform program, according to reports. The new company, the Saudi Arabian Military Industries (SAMI), will be producing not just arms but armored vehicles and will work to repair […]
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World’s Tallest Building Set for Saudi Arabia Delayed Again After Binladen Group Turmoil, Now Expected in 2019
Saudi Arabia’s under-construction Kingdom Tower Jeddah, set to be the world’s tallest building when finished, has been delayed until 2019, Prince Alwaleed bin Talal said at the building’s construction site yesterday. “The project was delayed… but it’ll open (in) 2019,” Prince Alwaleed said. Alwaleed is chairman of Kingdom Holding Company and consistently listed as the […]
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Saudi Arabia’s Vice Minister of Economy and Planning Mohammed Al Tuwaijri Gives Interview to Bloomberg News
Saudi Arabia’s powerful vice minister of economy and planning Mohammed Al Tuwaijri gave an interview to Bloomberg News on Tuesday and discussed the government’s borrowing plans, infrastructure spending and how the kingdom still intends to balance its budget by 2020. Al Tuwaijri, who is also head of the finance committee at Saudi Arabia’s powerful Council of Economic […]
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U.S., Saudis in Talks for New Defense Deals Worth Billions Ahead of Trump’s Visit, Sources Tell Reuters
Washington and Riyadh are working to boost military sales from the U.S. to Saudi Arabia for new and existing contracts worth “tens of billions of dollars” ahead of U.S. President Donald Trump’s trip to the kingdom this month, Reuters reports, citing several sources familiar with the talks. According to Reuters, “as planning for Trump’s trip to Saudi […]
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IMF: ‘The Redistribution of Oil Wealth Through Government Jobs and Generous Subsidies is No Longer Sustainable’
A recent report by the International Monetary Fund (IMF) finds growth in the Middle East is slightly improving “largely driven by higher oil prices and improved export prospects” but emphasizes that countries will need to continue with plans to diversify their economies and implement policies that support jobs and productivity, like education and infrastructure reforms. “Persistently […]
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Setback for Women in Saudi Arabia as Proposal for Women’s Sports Education Colleges Fails in Shoura
The Shoura Council failed to pass a proposal to establish sports education colleges for women this week by just three votes. According to Arab News, the proposal called for a joint venture between the Education Ministry and the General Authority of Sports. The goal is to educate Saudi women on fitness and sports-related sciences and […]
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Secretary of State Rex Tillerson, Saudi Minister of Commerce Dr. Majed Al-Qassabi Deliver Keynote Remarks at U.S.-Saudi Arabia CEO Summit
Secretary of State Rex Tillerson gave his first on-the-record public speech as Secretary yesterday to the U.S.-Saudi Arabia CEO Summit, hosted by the U.S. Chamber of Commerce, the Saudi Committee for International Trade and the Council of Saudi Chambers of Commerce. The Secretary said that the U.S.-Saudi Relationship should be “taken to new heights” and […]
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Saudi Finance Minister Mohammed Al-Jadaan: No Income Tax for Saudi Citizens, No Company Profit Taxes
Saudi citizens would not pay taxes on income and Saudi companies would not see their profits taxed with economic reforms being introduced in the Kingdom, Saudi Arabia’s finance minister Dr. Mohammed Al-Jadaan said on Sunday, Reuters reports. Reuters reports that Al-Jadaan sought in a statement carried by state news agency SPA to “allay concern” that […]
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Saudi Arabia Praises Trump Airstrike Punishment of Syria Chemical Attack
Saudi Arabia said on Friday it “fully supports” U.S. strikes on military targets in Syria, saying it was a “courageous decision” by President Donald Trump in response to the use of chemical weapons against civilians. The United States had fired nearly 60 Tomahawk missiles at a military airfield in Syria, the first direct military action […]
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Saudi Arabia announces 3-term school year with 8-week vacation
The 2024-25 academic year will feature a three-term system for public schools, including an eight-week summer vacation, the Saudi Press Agency (SPA) reported. The first term will begin on Sunday, August 18, 2024, the second term will begin on Sunday, November 17, 2024, and the third term will begin on Sunday, March 2, 2025, ending on Thursday, June 26, 2025.
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How Sports Are Making Saudi Arabia Look Better Than Ever
This spotlight has also largely succeeded in redefining narratives of Saudi Arabia's reputation abroad in countries like the United States, where long-standing concerns over the nation's human rights situation have been substantially diluted as Riyadh bears the soft power fruits of its multibillion-dollar push to attract foreign fans, talent and events.
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Saudi border guards foil smuggling attempts near Jazan
Border Guard land patrols have foiled an attempt to smuggle 135 kilograms of qat in Al-Dayer sector of Jazan Region. Also in Jazan region, border police thwarted an attempt to illegally transport 160 kilograms of qat in Al-Ardah. Legal procedures were followed, and the seized items were handed over to the concerned authority. Meanwhile, two Pakistani residents attempting to sell 4.7 kilograms of methamphetamine in Jeddah. The individuals were referred to the Public Prosecution for legal action.
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Iran election: Young voters’ divide over 2022 protests shapes presidential race
Atousa joined angry protests against Iran's rulers in 2022 that loyalists like Reza helped crush. Two years on, the two young Iranians' political views remain at odds, reflecting a rift that will shape the outcome of presidential elections this week. Now 22, Atousa says she will abstain from voting in Friday's ballot to choose a successor to Ebrahim Raisi after his death in a helicopter crash, regarding the exercise with derision.
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How children starve
Nearly 166 million people worldwide are estimated to need urgent action against hunger, according to the Integrated Food Security Phase Classification (IPC), a global partnership which measures food insecurity. That includes nearly everyone in the Gaza Strip, where the Israeli military launched an offensive in October following an attack on Israel by Hamas militants. More than one million of Gaza’s inhabitants face the most extreme form of malnutrition – classified by the IPC as ‘Catastrophe or Famine.’
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FTSE Russell implements periodic changes to Saudi market today
Global index provider FTSE Russell will implement today, June 24, the changes announced as part of its quarterly index review. The changes will be effective as of June 25 and will be implemented today, during the closing auction and trading periods at the closing price, as per the requirements of the global indices managers.
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Huge Saudi construction projects ‘might get scaled down’
As well as Neom, Saudi Arabia is also developing 13 other large construction schemes, or “giga projects” as they are referred, worth trillions of dollars. These include an entertainment city on the outskirts of the capital Riyadh, multiple luxury island resorts on the Red Sea, and a cluster of other tourist and cultural destinations.
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How Saudi Arabia is surging tourism industry with Visa-Free Entry for 49 countries including USA, Japan, China, Australia ?
Saudi Arabia offers visa-on-arrival or an eVisa for citizens from 49 countries, mainly focusing on Europe, North America, and parts of Asia. Key countries include the United States, Canada, the United Kingdom, Schengen Area countries (e.g., France, Germany, Italy), Japan, China, Australia, and New Zealand. These visas allow multiple entries and are valid for one year, with each stay lasting up to 90 days.
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UFC Saudi Arabia bonuses: Robert Whittaker, Volkan Oezdemir’s stunning knockouts lead list
The former middleweight champion stormed into the octagon Saturday at UFC Saudi Arabia and needed less than two minutes to dismiss short-notice opponent Ikram Aliskerov with a ferocious series of knockout punches. For his latest highlight, Whittaker was awarded with a $50,000 Performance of the Night bonus.
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Saudi woman Sondos Jaan set to climb the highest peak in the Arab world
Sondos Jaan embarked on the journey to the highest peak in the Arab world on June 20. It is the latest episode in Jaan’s love for mountain adventures, but to understand the fascination it is important to take a look back at her childhood. She told Arab News: “I am from Madinah. I was born in a city where I could see a mountain from my bedroom window, and as I walked the streets I would see mountains.”
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