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Jadwa Chartbook: Saudi economic data from April shows Coronavirus impact
- June 2,2020
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- SUSTG Team
Economic indicators for the Saudi economy in April reflected the impact of COVID-19 containment measures on the local economy, with PMI remaining in contractionary territory, Jadwa Investment said in its recently-released chartbook.
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Saudi Arabia Begins Return to Normal Life as Second Phase of Reopening Begins
- June 1,2020
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- SUSTG Team
Saudi Arabia has begun the second of three phases in reopening businesses, retail, and restaurants after a Kingdom-wide shutdown to stop the spread of the Coronavirus.
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U.S., Saudi Forces Conduct Joint Military Exercises on Saudi Islands
- May 27,2020
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- SUSTG Team
Forces from the United States and Saudi Arabia are conducting “routine and joint sustainment training” on and around Karan and Kurayn islands, Kingdom of Saudi Arabia this week, according to a statement from the U.S. Naval Forces Central Command.
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Saudi Arabia to End Virus Curfews by June 21, Will Start ‘New Phase’ on Thursday May 28
- May 26,2020
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- SUSTG Team
Saudi Arabia said Tuesday that it will begin to end its nationwide coronavirus curfew this week, and completely phase out the curfews by June 21, according to comments from the Kingdom’s health minister Dr. Tawfig Al-Rabiah.
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Saudi Arabia Reports 12 New Deaths from Coronavirus, 2,532 New Cases
- May 21,2020
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- SUSTG Team
Saudi Arabia reported a steady increase of 2,532 new coronavirus cases and 12 new deaths, which brings the total number of cases in the Kingdom to 65,077 and the virus-related death toll to 351, the Ministry of Health announced.
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Saudi Aramco’s Share Price Bounces Back to Pre-Oil Price Fall Levels as Crude Prices Rebound
- May 20,2020
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- SUSTG Team
Shares in Saudi Aramco bounced back to pre-oil price war levels after gaining as much as 3.09% on Tuesday, an encouraging sign that oil demand may be gaining again and a global glut of crude is beginning to clear.
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Saudi Embassy Issues Statement on Investigation Findings of the December 6th Pensacola Naval Air Station Attack
- May 19,2020
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- SUSTG Team
The Saudi embassy in Washington, D.C. issued a statement following yesterday’s release of findings by the Justice Department and the FBI, in which Attorney General William P. Barr and FBI Director Christopher Wray announced “significant developments” in the FBI’s investigation of the December 6, 2019 shooting at Naval Air Station Pensacola that killed three U.S. sailors and […]
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Sports Diplomacy in the Middle East: King Faisal Center for Research and Islamic Studies to Host Live Broadcast May 19th
- May 16,2020
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- SUSTG Team
The King Faisal Center for Research and Islamic Studies (KFCRIS) will host a live broadcast on Tuesday, May 19th at 3:00pm Washington, D.C. time (10:00 pm in Riyadh) on Sports Diplomacy in the Middle East, featuring speakers HRH Prince Faisal bin Bandar bin Sultan, president of the Saudi Arabian Federation for Electronic and Intellectual Sports (SAFEIS). The event […]
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Saudi, International Team Begin 5-Year Archeological Excavations of Kingdom’s Al-Ula Sites
- May 15,2020
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- SUSTG Team
Saudi Arabia has kicked off an international five-year long archaeological mission to excavate key sites at Al-Ula in the Kingdom, the ancient heritage site of the Dadan and Lihyan kingdoms.
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Report: Saudi Binladin Seeks Advisor for Financial Overhaul of Mecca Complex
- May 14,2020
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- SUSTG Team
The construction giant behind the Mecca skyscraper complex is seeking an advisor to cut costs as well as restructure the debt of the iconic project, sources familiar with the matter said and a document obtained by Reuters exclusively showed.
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MUST-READS
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IMF Executive Board Concludes 2022 Article IV Consultation with Saudi Arabia
Saudi Arabia is recovering strongly following a deep pandemic-induced recession. Liquidity and fiscal support, reform momentum under Vision 2030, and high oil prices and production helped the economy recover with a robust growth, contained inflation and a resilient financial sector. The receding effects of the pandemic, rising oil production/prices and a strengthening economy have improved the fiscal and external positions.
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75 Years Later, the Fading Ghosts of India’s Bloody Partition
The chaos, confusion and religious violence that accompanied the cleaving of Pakistan from India 75 years ago this week resulted in the deaths of up to two million people and unleashed one of history’s largest displacements, with Hindus and Muslims from once-mixed communities rushing in opposite directions to new homelands created along religious lines.
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Eros Media World Enters Saudi Via Partnership With Arabia Pictures Group
Indian media and entertainment giant Eros Media World is moving into the rapidly growing Saudi Arabia market, entering a strategic partnership with Riyadh-based content production company Arabia Pictures Group. The pair will explore opportunities in the film, technology and Web3 spaces and eye investments in content production, including end-to-end production, line production, distribution and more. They will also seek to introduce new technologies that can further the growth of the media and entertainment sector in Saudi. Eros and APG are already in the advanced stages of testing movie archive digitization and virtual location scouting technologies.
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As the World Cup Looms, Qatar Unveils an Array of Public Art
Since winning its bid for the FIFA World Cup over a decade ago, Qatar has been eager to bolster its cultural clout with substantial investments leading up to the marquee event in November. The Persian Gulf country has debuted numerous world-class museums and now a massive public art program showcasing 40 new pieces by international heavyweights.
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Tales of the Bedouin – Part XXI: The Remarkable Life of Bdah Al Hajri
In late 1978, Bdah Al Hajri was born in a Bedouin tent at the northern extremity of the Eastern Province oil fields, near the remote Aramco construction site at Fazran.
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Tales of the Bedouin – Part XXI: The Remarkable Life of Bdah Al Hajri
In late 1978, Bdah Al Hajri was born in a Bedouin tent at the northern extremity of the Eastern Province oil fields, near the remote Aramco construction site at Fazran.
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Archaeologists in Saudi Arabia Have Unearthed an 8,000-Year-Old Settlement That Includes an Tribute to the Deity Khaal
The Kingdom of Kindah was established in the fifth and sixth centuries by a group of once-nomadic tribes from north and central Arabia. Today, the site sits roughly 400 miles southwest of the Saudi capital city of Riyad.
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China, Saudi Arabia Announce Massive Strategic Partnership Energy Agreement
The world’s largest oil-exporting company Saudi Arabian Oil Company (Saudi Aramco) has signed a memorandum of understanding (MoU) with China Petroleum & Chemical Corporation (Sinopec). According to an official statement from Aramco, the agreement outlines “pathways for strategic cooperation between Aramco and Sinopec and supports the long-term relationship between the two companies and their existing joint ventures in China and in the kingdom”.
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8,000-Year-Old Settlement Unearthed in Saudi Arabia
An 8,000-year-old settlement has been discovered by a group of Saudi and French archaeologists working at a site southwest of the Saudi Arabian capital of Riyadh. Led by the Saudi Heritage Commission, the team uncovered the Neolithic-era remains using laser scanning, aerial photography, drones, and various forms of surveying. The archaeologists located the settlement at Al-Faw, an archaeological site that has previously turned up evidence of a strong trade network that sustained an ancient city.
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SmartCrowd expands Into Saudi Arabia
Saudi Arabia's residential real estate market is an untapped sector offering an excellent opportunity for regional and global investors, with forecasted market growth (CAGR) of more than 9.74 percent between 2022 - 2027. Valued at SAR 156bn in 2021, the real estate market is expected to grow significantly, in line with the country's Vision 2030, the rapid pace of new developments, and the Kingdom's ongoing efforts to diversify its economy away from reliance on oil and gas revenues.
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