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Jadwa Investment: ‘Vision 2030’ Plan May Help Saudi Avoid Significant Fiscal Deficit
Jadwa Investment’s recently released economic analysis on Saudi Arabia’s ‘Vision 2030’ finds that Saudi Arabia’s new plan to move toward sustainability may help it avoid a looming fiscal crisis. Calling the plan “major and ambitious,” the Riyadh-based Jadwa looks at what might hypothetically happen if Saudi Arabia were to do nothing about the harsh fiscal […]
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Mining in Focus for ‘Vision 2030’ as Ma’aden Appoints Health Minister Khalid al-Falih Chairman, Reshuffles Board
Saudi Arabia’s ‘Vision 2030’ plan to diversify its economy identifies the mining and minerals sector as one of the top non-oil growth sectors for the Kingdom. Days after the Vision 2030 plan was announced the Saudi Public Investment Fund (PIF) reshuffled the board of the Saudi Arabian Mining Company – known as Ma’aden – and […]
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Saudi Arabia’s ‘Vision 2030’: What Does Success Look Like?
The recently released ‘Vision 2030’ is notable in many ways; not the least for the scope and ambition of the plan’s goals. As SUSTG has documented this week through a series of infographics, ‘Vision 2030’ is organized around three main themes and calls for the implementation of 13 separate ‘programs’ in support of the plan’s goals. […]
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Full Text: Saudi Arabia’s ‘Vision 2030’ National Transformation Program
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman, who is chair of the Council of Economic Development Authority (CEDA) and Minister of Defense presented the much-anticipated ‘Vision 2030’ framework of new policies to be pursued by the Saudi government. Here’s the full text of his presentation, as well as the Vision 2030 roadmap itself. The […]
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‘Saudi Vision 2030,’ Saudi Arabia’s National Transformation Plan for a New Saudi Economy, Launches with Media Push
Saudi Arabia’s has launched the ‘Saudi Arabia 2030’ National Transformation Plan (sometimes referred to as ‘Vision 2030’) today with a video announcement on Twitter and the first video interview with Deputy Crown Prince Mohammed bin Salman given to the news channel Al Arabiya. Details of the comprehensive plan are expected to include economic and social […]
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President Obama Arrives Tomorrow to Saudi Arabia for Meetings with King Salman, GCC Leaders
President Obama arrives tomorrow (Wednesday) in Riyadh for meetings with King Salman and other top Saudi government leaders, and to attend a GCC summit meeting. The visit to Saudi Arabia, the President’s fourth trip to the Kingdom, comes amid increased focus on U.S.-Saudi relations. On Monday, the White House expressed confidence that Saudi Arabia would not […]
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CIT’s Omar Bahlaiwa Appointed Acting Secretary General of the Council of Saudi Chambers
Saudi Committee for International Trade (CIT) Secretary General, Eng. Omar Bahlaiwa, has been appointed Acting Secretary General of the Council of Saudi Chambers, replacing Khalid Al-Otaibi. Eng. Bahlaiwa, who will continue to serve as Secretary General of CIT which is within the Council of Saudi Chambers of Commerce (CSC), was appointed by CSC Chairman, Dr. Abdulrahman […]
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What to Know About the CBS 60 Minutes on Redacted 28 Pages in House/Senate 9/11 Report
Last night’s report by CBS’s 60 Minutes with correspondent Steve Kroft covered the controversial classified pages of the Joint Inquiry Into Intelligence Community Activities Before and After the Terrorist Attacks of September 11, 2001 report produced by U.S. Senate Select Committee on Intelligence and the U.S. House Permanent Select Committee on Intelligence in December 2002. This report preceded what is known […]
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Saudi Arabia reportedly planning US-style ‘green card’ system as part of strategy to increase revenue
Saudi Arabia is considering setting up a ‘green card’ system, similar to that used in the US, as part of an overall strategy to raise $100 billion in revenues annually by 2020, according to reports. The Deputy Crown Prince “revealed Saudi Arabia’s inclination to introducing a system for residents that is similar to the American […]
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Politico Op-Ed Details Extensive U.S.-Saudi Coordination to Deter Terrorism and Terrorist Financing
Nail Al-Jubeir, director of the information office at the Royal Embassy of Saudi Arabia and brother to Saudi Foreign Minister, Adel Al-Jubeir (previously Saudi Ambassador to the United States), has written an op-ed in Politico on the deep and well-established programs in place to enable the U.S. and Saudi Arabia to work together to “suffocate terrorism.” The op-ed, […]
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Photos: Highlights of WTT Saudi Smash 2024-Xinhua
Fan Zhendong of China returns a shot during the men's singles round of 64 match against Nicolas Burgos of Chile at WTT Saudi Smash 2024 in Jeddah, Saudi Arabia, May 5, 2024
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Saudi Arabia Posts Budget Deficit as Capex Spending Climbs
Saudi Arabia recorded a sixth straight quarterly budget deficit as increased spending on capital expenditure and other areas outpaced growth in revenue. The shortfall stood at 12.4 billion riyals ($3.3 billion) in the first quarter, more than four times higher than a year ago, according to a statement from the Ministry of Finance on Sunday. On a quarterly basis, the deficit eased from about 37 billion riyals at the end of 2023.
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Turkey halts all trade with Israel, cites worsening Palestinian situation
Turkey stopped all exports and imports to and from Israel as of Thursday, the Turkish trade ministry said, citing "worsening humanitarian tragedy" in the Palestinian territories."Export and import transactions related to Israel have been stopped, covering all products," Turkey's trade ministry said in a statement."Turkey will strictly and decisively implement these new measures until the Israeli Government allows an uninterrupted and sufficient flow of humanitarian aid to Gaza."
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Greece and Saudi Arabia to launch studies for potential electricity interconnector
Greek electricity grid operator Independent Power Transmission Operator (IPTO or Admie) and Saudi Arabia’s National Grid Saudi Electricity Company have decided to kick off technical and economic studies for an electricity interconnector between the two countries.
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Opinion: Unable to ‘win’ in Gaza, Israel sets its sights elsewhere
For the meanwhile, it appears that neither Israel nor Iran wants a direct war with each other, and both appear ready to consider the recent exchange of attacks, although not their underlying causes, resolved. It certainly helps that no one appears to have been killed in either country, and that was undoubtedly intentional, since both sides have the clear ability to inflict far more destruction and deaths in each other’s territories if that was what they wanted.
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Judge declares mistrial after jury deadlocks in lawsuit filed by former Abu Ghraib prisoners
A judge declared a mistrial Thursday after a jury said it was deadlocked and could not reach a verdict in the trial of a military contractor accused of contributing to the abuse of detainees at the Abu Ghraib Prison in Iraq two decades ago. The mistrial came in the jury’s eighth day of deliberations. The deliberations went far longer than the trial itself.
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Secondary school graduates can get enrolled in universities across all Saudi regions
The Saudi Council of Universities Affairs issued a decision to open admission for government secondary school graduates in universities across all regions of Saudi Arabia, effective from the next academic year 1446.
The council stated that the prerequisite to limit the admission to students from the administrative region to which the university is affiliated will no longer be applicable. The council’s decision aims to enable male and female students to search for the appropriate academic paths for them, and to provide opportunities for fair competition for university seats in all government universities throughout Saudi Arabia. -
Saudi Arabia launches Nusuk pilgrim card for the Hajj of 2024
The Saudi Ministry of Hajj and Umrah has launched the Nusuk pilgrim card, which will be in use for the forthcoming annual pilgrimage of Hajj 2024.
Minister of Hajj and Umrah Dr. Tawfiq Al-Rabiah released the Nusuk card by presenting its copy to Indonesian Minister of Religious Affairs Yaqut Cholil Qoumas in Jakarta on Tuesday, April 30, during his official visit to Indonesia. -
Axis of Resistance Continues its Battle
or the six months following the October 7 Hamas attack on Israel, the region appeared to settle into a predictable, if volatile, pattern in which Iran acted indirectly, through its so-called “Axis of Resistance” partners, to strike against Israel, Israel’s main backer, the United States, and global commerce transiting the Red Sea, as a means of exerting pressure on Israel to end its offensive against Hamas.
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US needs cheaper ways to shoot down drones, Pentagon acquisition chief says
After months of shooting down drones over the Middle East, the cost of those interceptions is getting too high. That’s according to the Pentagon’s chief of weapons procurement, who said that efforts to take out uncrewed aerial systems are now exceeding $100,000 per shot.
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