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Recent stories from sustg
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Foiled Mecca Mosque Attack Last Week Shows Urgency of Daesh Threat Inside the Kingdom
- June 30,2017
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- SUSTG Team
Last week’s foiled plot attempt to attack the Grand Mosque in Mecca indicates a growing Islamic State intent to mount mass-casualty attacks in Saudi Arabia, according to reports. A suspect in the planned attack on the mosque blew himself up in a nearby neighborhood when security forces surrounded a home where the man was hiding, […]
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Key U.S. Republican Senator Bob Corker Threatens to Hold Arms Sales to Saudi, UAE if Qatar Rift Not Fixed
- June 27,2017
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- SUSTG Team
The Republican chairman of the Senate Foreign Relations Committee, Senator Bob Corker (R-Tennessee) has threatened to withhold arms sales to Saudi Arabia and other Gulf nations until a diplomatic solution is found with neighboring Qatar. The standoff, which has lasted three weeks and has threatened the unity and economic strength of GCC nations, adds uncertainty to […]
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Saudi Arabia’s commitment to extended OPEC cuts ‘will result in oil production having negative effects on GDP’, Jadwa Says
- June 20,2017
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- SUSTG Team
A recent report on the Saudi economy by Riyadh-based Jadwa Investment finds that overall GDP growth will be 0.1 percent in 2017 (compared to 1.4 percent in 2016) due to a sharp decline in oil sector GDP, resulting from the Kingdom’s OPEC commitments to cut output. The projected figure is a revision from earlier forecasts […]
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‘Epicenter X: Saudi Contemporary Art’ Show Hits U.S. in July to Challenge Perceptions, Share Saudi Culture
- June 16,2017
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- SUSTG Team
A U.S. exhibition featuring the works of roughly 40 Saudi Arabian artists aims to “share their expressions, foster conversations and challenge conceptions of life” in Saudi Arabia, the Associated Press reports. The exhibition, entitled “Epicenter X: Saudi Contemporary Art,” opens July 8 and runs for about three months at the Arab American National Museum in […]
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GCC Population grows 7.3% to 57.6 million
- July 23,2024
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- SUSTG Team
According to recent statistics released by the GCC Statistical Centre, the total population of the Gulf Cooperation Council (GCC) countries witnessed a significant increase of 7.3% in 2023 compared to 2021, reaching 57.6 million.
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Saudi Arabia was The Second-Largest Arms Importer in the World from 2019 to 2023 — SIPRI DATA
- March 12,2024
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- SUSTG Team
Saudi Arabia was the second-largest arms importer in the world from 2019 to 2023, accounting for 8.4% of all imports, according to recent data from the Stockholm International Peace Research Institute’s (SIPRI).
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Report Says Saudi Arabia Seeing a Surge in Demand for Cybersecurity Specialists
- March 1,2024
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- SUSTG Team
Saudi Arabia has seen a surge in demand for cybersecurity specialists amid growing concerns about cyber threats within the Kingdom, according to a recent report by security software company Qrator Labs.
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United States Breaks Ground on New Embassy Compound on 27.5-Acre Site in Riyadh
- December 14,2023
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- SUSTG Team
The United States has officially broken ground on its new embassy project in Saudi Arabia’s capital Riyadh, a sprawling new building blending traditional and modern architecture on a 27.5 acre site. When completed, it will be the largest embassy in Riyadh.
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Wamda: MENA Startups Raised $95 Million in July 2023, a Bounce-Back from June’s Total but Deal Volume Falls
- August 3,2023
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- SUSTG Team
Startups in the Middle East and North Africa region (MENA) raised $95 million across 31 deals in July 2023, a slight dip from the $105 million recorded in the same month last year, according to Wamda, the leading website tracking the development of the startup ecosystem in the region.
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Saudi Arabia’s SEVEN Breaks Ground on BUJV, a $347 Million Entertainment Project in Madinah
- August 1,2023
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- SUSTG Team
Saudi Entertainment Ventures (SEVEN), a wholly-owned subsidiary of the Public Investment Fund (PIF), has announced its construction work on BUJV, its new entertainment destination in Madina, according to a report in Construction Week Online and a press release from SEVEN.
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MUST-READS
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Saudi Aramco IPOSaudi Aramco ready for IPO in second half of 2018: CEO
Saudi Aramco will be ready for an initial public offering in the second half of 2018 and the work is ongoing, Amin Nasser, the chief executive officer of the state oil company, said in a Bloomberg television interview on Monday.
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Saudi Aramco IPOU.S. Investors Will Have Chance to Buy Aramco Shares, Saudis Say
Saudi Energy Minister Khalid Al-Falih also said some investors have been slow to sign on to the reform plan proposed by Crown Prince Mohammed bin Salman because they are focused on dividends. “We are going to have to face that when we list Aramco and have a conversation about how much cash will be given to investors,” he said in a speech Saturday at the Massachusetts Institute of Technology.
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Saudi Aramco IPOSaudi Energy Minister says Saudi Aramco could go public this year, but waiting for optimal time
He said the IPO of the world's largest company could be this year, but it could also be later. The company is expected to be listed first on the local Tadawul exchange in Saudi Arabia, according to industry sources.
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Saudi Aramco IPOSaudi Aramco may create employee shareholders says US think tank
Saudi Aramco could grant shares to employees in any forthcoming initial public offering, according to an analysis of the company charter it adopted at the beginning of the year.
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Saudi Aramco IPOSaudi Aramco expected to list first on Saudi stock exchange, delaying international debut
Saudi Arabia's state-owned oil giant Aramco, the world's largest oil company, is walking back plans for a massive public share offering on an international exchange.
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Saudi Aramco IPONew York allure fades for Saudi Aramco as ‘frivolous’ climate change actions loom
Al-Falih spelt out a more serious worry for Aramco. It was not laws that concerned him, he said, in a reference to the Justice Against State Terrorism Act and Sarbanes Oxley laws, but “litigation and liabilities.”
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Saudi Aramco IPOSaudi Aramco could skip the red tape and list its IPO at home
One factor favoring the idea of first listing locally is the anticipated award in June of emerging market status for Saudi Arabia by index firm MSCI. That designation could bring a wave of foreign capital into the local market next year as global fund managers add Saudi Arabia to their holdings.
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Crude to ChemicalsSaudi Aramco & SABIC award a contract for crude to chemicals mega project
Wood has been selected to develop the world's largest fully integrated crude oil to chemicals (COTC) complex in the Kingdom of Saudi Arabia, on behalf of Saudi Aramco and SABIC as the first PMC contractor.
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Saudi Aramco IPOSaudi Aramco IPO delayed until 2019, UK officials told
Saudi Aramco’s listing is unlikely to go ahead this year, according to British officials who have been warned by their Saudi counterparts that the world’s biggest flotation was expected to be delayed.
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Saudi Aramco IPOSaudi Arabia: ‘Big concern’ about listing Aramco in New York
"I would say litigation and liability are a big concern in the US," energy minister Khalid Al Falih told CNNMoney's emerging markets editor John Defterios. "Quite frankly, Saudi Aramco is too big and too important for the kingdom to be subjected to that kind of risk."
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