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‘Changing Tack’: Saudi Arabia Cushions Labor Reform with New Hours, Subsidies
A new draft labor law in Saudi Arabia “would limit working hours at companies to entice new employees” and includes adjustments to recent rules, according to a Reuters report. That report, a thorough look at Nitaqat reform in the Kingdom, found that reforms have had mixed results: [Read the full report from Reuters]
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Builder of “Largest Swimming Pool on the Planet” to Construct Lagoon, Golf Course in Saudi Arabia
Builders have already broken ground on a new $4 billion, 8-hectare project megaproject in Saudi Arabia, consisting of a large lagoon, the first Jack Nicklaus golf course in the Kingdom, and more as part of a larger development. The project, the Prince Sultan Cultural Centre (PSCC), is one of 8 mega projects the company has under development […]
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Desert Classic: Toyota’s Iconic Land Cruiser ’70’ to be Re-Released
Toyota’s original iconic Land Cruiser 70, popular among Saudis and others in the region, is receiving a makeover. Toyota is re-releasing its classic desert car as part of a special edition to “commemorate Toyota’s longest-running nameplate,” the company said in a press release. The Land Cruiser 70 was first released in 1984, and the re-release […]
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FocusKSA: Rami Khouri on Critical National Security and Foreign Policy Issues for Saudi Arabia
Pat Ryan of SUSRIS talked with commentator Rami Khouri from the American University in Beirut about the crises sweeping the Middle East in this #FocusKSA discussion.
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Saudi Arabia Continues Extremist Crackdown: 88 Arrested ‘On the Verge of Carrying Out Operations’
The government of Saudi Arabia has arrested 88 it says were “on the verge of carrying out operations,” news agencies are reporting. The move is the latest in an ongoing crackdown on extremism. The arrests follow remarks made by King Abdullah over the weekend to foreign Ambassadors to Saudi Arabia in which the Custodian of […]
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A Tadawul Opening Road Map
Jadwa Investments is a well respected Shariah-compliant investment bank based in Saudi Arabia. Jadwa’s market studies and regular updates can be counted on to be highly informed and concise analyses of the topic at hand. Their monthly ‘Chartbooks,’ quarterly GDP updates, annual budget report and specific sector analysis are regular features on the Saudi-US Trade […]
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FocusKSA Video: Former U.S. Ambassador to Saudi Arabia James Smith on the King Abdullah Scholarship Program
The number of students participating in Saudi Arabia’s King Abdullah Scholarship Program has skyrocketed over the past decade from around 2,000 students in 2002 to over 80,000 today, comments former U.S. Ambassador to Saudi Arabia James B. Smith. In a recent FocusKSA (a joint Saudi-US Trade Group/SUSRIS.com initiative) interview with Pat Ryan, SUSRIS Editor-in-Chief, former U.S. […]
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‘A New Page’ for Diplomacy between Saudi Arabia and Iran?
In what may be another step in a growing thaw in Saudi-Iranian relations, Iran’s Deputy Foreign Minister Hossein Amir Abdollahian visited Jeddah, Saudi Arabia on Tuesday and met with Saudi Arabia’s Foreign Minister, Prince Saud al Faisal. In remarks to Reuters following the meeting, Abdollahian said that both countries agreed that “a new page” was […]
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Sfakianakis: Now is the Time for Energy Subsidy Reform in Saudi Arabia
Annual energy subsidies in Saudi Arabia amount to $120 billion; roughly a quarter of all global energy subsidies combined. As with subsidies worldwide, those in Saudi Arabia are in place primarily for political and social reasons. Unfortunately, energy subsidies result in numerous and profound economic distortions that ultimately do not benefit the poor in particular […]
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Saudi Arabia’s Timely Push for Solar to Reduce Oil Consumption
It’s no secret that Saudi Arabia’s energy consumption is soaring, and that to meet increasing demand, the Kingdom is siphoning off more and more of its crude to power the booming Saudi economy. Although Saudi Arabia has plenty of oil, what is consumed to meet domestic power demand cannot be sold on the market. Writing […]
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Saudi Arabia Launches Geographical Survey Project with 1,200 Solar and Wind Stations
In a landmark initiative spearheaded by His Royal Highness, Prince AbdulAziz bin Salman bin AbdulAziz Al Saud, Saudi Arabia has launched a pioneering Geographic Survey Project for Renewable Energy sites. This ambitious endeavor, part of the National Renewable Energy Program, involves the installation of 1,200 stations across the Kingdom to assess solar and wind energy potential over 850,000 square kilometers. The scale of this project is unprecedented globally, covering regions equivalent to the combined areas of major European nations like the UK and France or Germany and Spain.
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Saudi Arabia condemns Israeli approval of West Bank settlement expansion
Saudi Arabia’s Foreign Ministry on Saturday condemned the Israeli security cabinet’s approval to expand settlement operations in the West Bank. In a statement carried by the state news agency SPA, the ministry affirmed the Kingdom’s rejection of what it described as the “ongoing Israeli violations of international law and international legitimacy resolutions,” and warned of the “dire consequences” of Israel’s actions.
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Governor of Asir Region Announces Launch of Saudi Summer 2024 Program
The Governor of Asir Region and Chairman of its Development Authority, Prince Turki bin Talal bin Abdulaziz, announced the launch of this year's Asir summer season activities as a part of the Saudi Summer 2024 program. The program will start in early July under the supervision of the Asir Region Development Authority and with the support of the Ministry of Tourism, the Saudi Tourism Authority, and the General Entertainment Authority, SPA reported.
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How Saudi Arabia is creating a buzz around beekeeping and the honey making industry
Honey has long held a special place in Saudi culture, cultivated by beekeepers across the region for its medicinal and culinary uses. Now, with added government support, its true economic potential and environmental benefits are being realized. Last year, more than 100 licenses were granted to beekeepers to produce this liquid gold on land administered by the Imam Abdulaziz bin Mohammed Royal Reserve Development Authority, predominantly in the Rawdat Khuraim oasis.
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Saudi Arabia, US Discuss Supporting Growth of Digital Economy in the Region
Saudi Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Sawah has met in Washington with the US Secretary of Commerce, Gina Raimondo. Friday’s meeting was attended by Princess Reema bint Bandar bin Sultan bin Abdulaziz, the Saudi Ambassador to the US. During the meeting, the two sides discussed strengthening the strategic partnership between the Kingdom and the US to support the growth of the digital economy in the region, as Saudi Arabia is a pivotal hub for technology and innovation.
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Jeddah Season 2024 kicks off with spectacular activities
The season includes numerous distinctive tourist and cultural activities. The City Walk area offers a mix of interactive experiences, motor and skill games, Arabic plays, restaurants, cafes, and shopping stores. Additionally, the Warner Bros. Discovery: Celebrate Every Story area, being held for the first time in Saudi Arabia, provides visitors and tourists with a variety of games and entertainment shows.
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SEC boosts reliability with $266m Saudi interconnection project
The Saudi Electricity Company (SEC) has announced the successful completion and operation of a new strategic electrical interconnection project between the central and southern regions, that passes through the main substations in Al Kharj, Al Aflaj, Wadi Al Dawasir and Bisha.
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Euros form of Saudi-based stars tests perceptions of slide in standard
France's N'Golo Kante had looked to be winding down his glittering career but his unexpected recall for Euro 2024 and eye-popping performances suggest his quality has not been diminished by his big-bucks move to Saudi Arabia last year. He is among several players in Germany challenging popular perceptions that the new Saudi Pro League is a career-ending option for big players seduced by huge salaries, with Kante dazzling on his return after a two-year absence and winning player of the match in his first two games.
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Why Pakistan is looking to Saudi Arabia and the UAE to ramp up investment
Pakistan’s less-than-four-month-old government is pursuing a two-track approach to stabilize the country’s long-troubled economy. It is engaged in lengthy negotiations with the International Monetary Fund (IMF) to secure at least $6 billion in loans to shore up its ability to service its external debt. At the same time, Islamabad is also trying to woo its Gulf allies, most notably Saudi Arabia and the United Arab Emirates, in a bid to diversify its sources of external financing, address the lingering threat of insolvency, and put its economy on an upward trajectory of sustainable growth.
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Non-citizens now allowed to participate in ZATCA auctions
The updates include improvements to the procedures for announcing public auctions through official channels and making all auction details available on the authority's website. This ensures greater transparency and allows bidders to participate according to clear and defined policies, saving time and effort for all stakeholders. Additionally, the updates allow both individuals and legal entities, including citizens and non-citizens, to participate in auctions. The updates also clarify the requirements and procedures related to auctions to enhance transparency and increase bidder compliance.
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