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2014 SACM Career Fair and Graduation: 9 Things to Know
If you’re attending the 2014 SACM career fair and graduation ceremony in the Washington, D.C.-area starting on May 24th, you’ll be joining thousands of other Saudi students in the U.S. for an excellent networking opportunity. Students on the King Abdullah Scholarship Program and their families come from around the country to celebrate their achievements and […]
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SMEs in Saudi Arabia: How the Supreme Economic Council Can Support SME Growth in the Kingdom
SMEs (small and medium-sized enterprises) are key to an economy’s growth and account for 60% to 70% of jobs in most Organisation for Economic Cooperation and Development (OECD) countries, with a particularly large share in Italy and Japan, and a relatively smaller share in the US. The percentage contribution of SMEs to GDP/total value added […]
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The Euromoney Conference: Investment in Saudi Arabia – Sfakianakis
Just recently Fitch upgraded the sovereign rating of Saudi Arabia to AA from AA-, denoting a stable outlook for the Kingdom. Fitch’s upgrade of Saudi Arabia’s sovereign rating makes it rank seventh within the G20 members, after the United States, Germany, Canada, Australia, Britain, France, and ahead of even Japan and China. Despite political upheaval […]
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Commentary | King Abdullah: Nine Golden Years of Prosperity and Stability – Mulhim
Saturday marked the 9th anniversary [on the Islamic calendar] of Custodian of the Two Holy Mosques King Abdullah’s accession to the throne and pledging of allegiance to him. When King Abdullah assumed the leadership of Saudi Arabia, the world in general and the region in particular was facing difficult times, as violence, instability and drastic […]
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Saudi Minister of Finance Ibrahim Al-Assaf to Represent Saudi Arabia at the G20 Meetings in Washington on Thursday
The Saudi Press Agency reports the Minister of Finance, Dr. Ibrahim Al-Assaf, will represent Saudi Arabia in Washington on Thursday at the G20 meethings. He will join other finance ministers and governors of central banks.
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Opportunities for Saudi-China Trade: Is Asia the Future for the Kingdom?
As part of the recent visit by Saudi Arabia’s Crown Prince Salman to China, I participated the Saudi-China Investment Forum organized by the Saudi Arabian General Investment Authority (SAGIA). I was honored to receive an invitation to speak, and compared with forums organized inside and out of the Kingdom of Saudi Arabia in 2014, this […]
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President Obama’s Visit to Riyadh: 3 Takeaways from Obama’s Meeting with King Abdullah
President Obama’s recently concluded visit to Riyadh – his second as President – comes at a pivotal time in U.S.-Saudi relations. With the ongoing conflict in Syria and Iran’s nuclear program the big topics discussed between the two leaders, the meeting was an important opportunity for the two old allies to get on the same […]
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Analysis Roundup: President Obama’s Second State Visit to the Kingdom of Saudi Arabia
President Obama’s visit to Saudi Arabia later this week comes at a crucial time in U.S.-Saudi relations and in the context of regional and geopolitical developments.
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KACARE and Saudi Arabia’s Frightening Consumption of Energy
Four years ago, King Abdullah City for Atomic and Renewable Energy (KACARE) was established by a royal decree. Public statements highlighted the numerous nuclear and solar power plants that would be built and entered into production during the next 15 to 20 years. Large sums of money have been paid for advisers and global consulting […]
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The 10 Best SPA Photos This Month – February 2014 Edition
Saudi Arabia’s state-run press agency, the SPA, is a valuable resource. Continuing with our new series on the best photos from the SPA from the previous month, click here to see a slideshow of the best photos from this month’s events. The SPA is similar to the press offices of U.S. and other government offices […]
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MUST-READS
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Microsoft turns to the Middle East for its latest bet on AI
Microsoft will invest $1.5 billion in Abu Dhabi’s G42, an artificial intelligence group that has faced questions over its ties to China.
The companies will collaborate on AI and digital infrastructure, in a move that sees Microsoft’s AI empire expand into the Middle East for the first time.
The move could attract sizeable scrutiny from regulators.
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Opinion: How Gaza war is pushing the region eastward
As the US has doubled down on its support for Israel since the Gaza conflict began in Oct. 2023, countries like China and Russia have opted not to follow suit. The frustration with the status quo is providing non-western power brokers with fresh incentives to forge a regional order that gives Washington less importance. At the very least, this discontent will likely accelerate the push for strategic autonomy from the west—aiming to establish a new regional order where less emphasis is placed on the US.
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Saudi foreign minister arrives in Pakistan to discuss how to help with the country’s economic crisis
Saudi Arabia’s foreign minister on Monday led a high-level delegation on a two-day visit to Pakistan, which is seeking help in overcoming one of its worst economic crises.
Prince Faisal bin Farhan's visit comes a week after Prime Minister Shehbaz Sharif met with Crown Prince Mohammed bin Salman in Saudi Arabia, one of Pakistan's closest allies and a a leading supplier of oil to Islamabad.
Prince Faisal is expected to meet with Sharif and President Asif Ali Zardari.
According to Pakistani officials, Prince Mohammed told Sharif that Saudi Arabia would invest $5 billion in Pakistan.
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Decoding Oil’s Perplexing Reaction to Iran’s Attack on Israel
Oil’s surge over the past month has already built in the geopolitical risk premium from the Middle East. A move higher will most likely depend on whether Israel decides to retaliate, and if the movement of real oil cargoes are actually disrupted.
Moreover, if things get uglier in the region, Saudi Arabia and its OPEC+ allies are holding more than 5 million barrels a day of spare production capacity — roughly twice the output of Kuwait — to fill any gaps. The group has pledged to remain vigilant if markets tighten this summer.
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Pakistan’s premier calls for closer cooperation with Saudi Arabia to enhance investment in Pakistan
Pakistan’s prime minister called for closer cooperation between Saudi Arabia and his cash-strapped Islamic nation to enhance Saudi investment in his country, a government statement said Tuesday. Shehbaz Sharif made his remarks during a meeting with Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan who arrived Monday in the capital, Islamabad, to discuss a range of issues, including how to help Pakistan overcome its economic crisis. The previous week, Sharif met with Crown Prince Mohammed bin Salman in Saudi Arabia, one of Pakistan’s closest allies and a leading supplier of oil to Islamabad. According to Pakistani officials, Prince Mohammed had assured Pakistan that Saudi Arabia would invest $5 billion in Pakistan.
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We need to renew our ties with Saudi Arabia: Rep. Mark Green
Rep. Mark Green, R-Tenn., discusses House Speaker Johnson’s proposal to take up separate foreign aid bills on ‘The Bottom Line.’
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GCC holds emergency meeting amid regional tension, calls for International Conference on Palestinian state
The Gulf Cooperation Council (GCC) has called for an international conference to comprehensively address the Palestinian issue, with the aim of establishing an independent Palestinian state with East Jerusalem as its capital.
This proposal came during the GCC's 44th extraordinary meeting held on Monday in Tashkent, Uzbekistan, alongside a joint ministerial meeting with Central Asian countries. Hosted at the Qatari Embassy and chaired by Sheikh Mohammed Bin Abdulrahman Bin Jassim Al Thani, prime minister and minister of foreign affairs of Qatar, the meeting was attended by prominent Gulf state foreign ministers. -
Top US, Saudi military generals hold call after Iran attack
Saudi Arabia’s Chief of General Staff Gen. Fayyad Al-Ruwaili held a phone call with Chairman of the US Joint Chiefs of staff Gen. CQ Brown, Jr. to discuss international allies and the security situation in the Middle East following Iran’s attack on Israel, Joint Staff Spokesperson Navy Capt. Jereal Dorsey announced on Monday.
The two officials highlighted the partnership between the United States and Saudi Arabia, reaffirming their commitment to promoting peace and stability in the region.
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G42 Made Secret Pact With US to Divest From China Before Microsoft Deal
Microsoft Corp.’s just-announced partnership with Abu Dhabi’s G42 followed behind-the-scenes negotiations between the US government and the Middle Eastern firm, which agreed to divest from China and pivot to American technology. G42, a holding company focused on artificial intelligence, held talks with the US Commerce Department’s Bureau of Industry and Security and came to an understanding last year, according to people familiar with the discussions. Under the arrangement, G42 agreed to pare back its presence in China or face potentially punitive measures from Washington, they said.
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Saudi Arabia third most sleep deprived country in the world, expert says
Saudi Arabia has been identified as the third country worldwide for the shortest sleep duration, according to Dr. Mana Al Shahrani, a Consultant in Sleep Medicine at King Fahd Medical City.During a discussion on Al Ekhbariya TV, Dr. Al Shahrani highlighted the prevalent issue of sleep deprivation among Saudis, who typically get only 6 to 7 hours of sleep per night.
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