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966 E. 11: Saudi Arabia at COP 26, Seven Years of King Salman, and Saudi Arabia’s First Film Festival
- November 12,2021
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- SUSTG Team
Episode 11 of The 966 has the hosts talking about the Red Sea International Film Festival, King Salman in his 7th year on the throne, and Saudi Arabia at COP 26.
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Saudi Arabia is Currently the Most Affordable Country in the World to Buy a Home
- November 11,2021
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- SUSTG Team
Saudi Arabia is the world’s most affordable country to buy a home in 2021, according to a new study from a Britain-based building supplier.
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Second Aramco Saudi Ladies International Golf Tournament Begins at Royal Greens; Pederson Looks to Defend Title
- November 4,2021
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- SUSTG Team
The second Aramco Saudi Ladies International presented by the Public Investment Fund kicks off today at the Royal Greens club in King Abdullah Economic City, Saudi Arabia, with defending champion Emily Kristine Pedersen seeking to fend off a host of rivals on the Red Sea.
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Archaeologists in Saudi Arabia Excavate for Remnants of Ancient Kingdoms – Report
- November 2,2021
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- SUSTG Team
A team of French and Saudi archaeologists has begun work on excavating near Al-Ula in Saudi Arabia in hopes of discovering the remnants of the ancient and long-forgotten kingdoms of Dadan and Lihyan, according to a Reuters report.
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An Interview with the IMF’s Abdullah Hassan, Former Sous-Sherpa for Saudi Arabia for the G20 Meetings
- October 14,2021
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- SUSTG Team
In 2020, Saudi Arabia became the first Arab nation to assume the G20 presidency. Hosting the G20 is a massive undertaking, involving close to two years of event planning, policy development and strategy, and much more.
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Residential Mortgages Soar in Saudi Arabia; Commercial Rents in Riyadh See Post-Pandemic Recovery
- September 21,2021
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- SUSTG Team
Roughly five years after the launch of the Kingdom’s National Transformation Plan (NTP), a key part of the Saudi Arabia’s Vision 2030 social and economic masterplan, Saudi is seeing major initial progress in the real estate sector, with new residential mortgages soaring 1000% since 2016, according to a report from industry powerhouse KnightFrank.
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Saudi Arabia’s Stock Market Has Best First Half in 16 Years – Report
- July 1,2021
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- SUSTG Team
Saudi stocks wrapped up the best first half in 16 years, after rallying 26% in 2021 so far, Bloomberg reports. According to Bloomberg, the jump so far in 2021 comes on the back of increasingly higher oil prices and government projects, including a program which aims to release $1.3 trillion of private sector investment.
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Kingdom’s Net Foreign Assets Fall Again, but Higher Oil Prices Should Lift Reserves in Coming Months
- June 29,2021
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- SUSTG Team
Saudi Arabia’s net foreign assets fell again in May by 0.8% after reaching a 10-year low last month, according to reports, but higher oil prices should boost government figures in the coming months as the Kingdom ramps up production to meet demand.
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‘Arab News’ Releases Impressive Graphical Feature on Saudi Arabia’s Heritage Sites
- March 17,2021
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- SUSTG Team
English-language daily news site Arab News has released a graphical feature item on its website detailing the five Saudi historic sites inscribed on UNESCO’s World Heritage List.
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Saudi Arabia Now the ‘Top Theatrical Market in the Middle East’ and is now a ‘Major Driver for Arabic Film Production’ – Variety
- March 5,2021
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- SUSTG Team
Saudi Arabia’s historic re-opening of cinemas three years ago was the start of a major cinema and film boom in the Kingdom, making the Kingdom “the top theatrical market in the Middle East and is turning into a major driver for Arabic film production,” a top Hollywood publication reports.
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MUST-READS
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Saudi Arabia rebrands as mediator for global crises
Saudi Arabia's Crown Prince Mohammed bin Salman is increasingly busy hosting state leaders who fly in to discuss pressing global conflicts. This Monday, Ukrainian President Volodymyr Zelenskyy met the Saudi Crown Prince to speak about Russia's war in Ukraine. This is ahead of a Tuesday meeting between Ukrainian and a US teams set to negotiate a potential end to Russia's war of aggression, as well as a security deal that would include US access to Ukraine's valuable mineral and metal deposits. It will be the first time that Ukrainian and US delegates talk face-to-face after the public spat between US President Donald Trump and President Zelenskyy in the White House in late February. The fact that the two countries have agreed to meet in Saudi Arabia — and not, say, in Europe — highlights the emerging key position of the oil-rich kingdom in the Middle East. "Saudi Arabia has indeed established itself as a platform for dialog in the last two to three years," Sebastian Sons, a senior researcher for the German think tank CARPO, told DW. "In Saudi Arabia's foreign policy strategy, it currently plays a very important role to talk to everyone," he added.
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Back to Violence in Syria?
Mohanad Hage Ali is the deputy director for research at the Malcolm H. Kerr Carnegie Middle East Center in Beirut, where his work focuses on the shifting geopolitics and Islamist groups after the Arab uprisings. Hage Ali has long been following developments in Syria, and Diwan interviewed him in early March to get his perspective on the situation in the country, particularly the growing tensions between the new leadership in Damascus and Syrian minority communities, as well as Israel’s intentions in Syria.
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Saudi Arabia, Ukraine Issue Joint Statement Emphasizing Strong Economic Ties and Collaborative Efforts to Enhance Trade Volume
The Kingdom of Saudi Arabia and Ukraine commended the strong economic ties between the two friendly countries and emphasized the importance of joint action to develop the volume of trade exchange. The two sides also welcomed the upcoming reestablishment of the Saudi-Ukrainian Business Council in 2025. This came in a joint statement issued following the visit of Ukrainian President Volodymyr Zelenskyy to the Kingdom of Saudi Arabia, the text of which reads as follows: "Within the framework of distinguished relations and close cooperation between the Kingdom of Saudi Arabia and Ukraine, President of Ukraine Volodymyr Zelenskyy paid an official visit to the Kingdom of Saudi Arabia on March 10, 2025. His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, received President Zelenskyy at Al-Salam Palace in Jeddah. They held an official discussion session, during which they reviewed the aspects of the distinguished relations between the two friendly countries, and expressed their desire to enhance them in all fields.
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US wants Ukraine to ‘do difficult things,’ Rubio says ahead of Saudi ceasefire talks
The two sides have framed Tuesday's talks as a way to reset bilateral relations following last month's explosive Oval Office meeting between Trump, Zelenskyy and Vice President JD Vance. The showdown prompted Trump to denounce Kyiv as the main impediment to peace in Ukraine, as well as placing a freeze on U.S. military aid and some intelligence sharing. "The most important thing that we have to leave here with is a strong sense that Ukraine is prepared to do difficult things," Secretary of State Marco Rubio -- who will lead the U.S. delegation -- said on Monday ahead of the talks. Zelenskyy has stressed his readiness for peace, though repeatedly warned that any agreement must ensure deterrence against future Russian aggression. On Monday, Zelenskyy -- who will not take part in Tuesday's talks -- traveled to Saudi Arabia to meet with crown prince and de facto ruler Mohammed bin Salman.
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Damascus faces demands for accountability after civilian killings
Syria's Islamist-led government on Monday said it had completed a military operation against a nascent insurgency by Bashar al-Assad loyalists, as it faced Western demands for accountability over the reported killing of hundreds of civilians. The violence in Syria's coastal region marks the biggest test for interim President Ahmed al-Sharaa since he seized power in December, with hundreds of civilians reported by a war monitor to have been killed in Alawite villages as government forces sought to crush the insurrection by members of Assad's minority Alawite sect.
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The Politics of Water Insecurity in the Middle East
The Middle East is no stranger to water scarcity and violence. For centuries, conflict has exacerbated water insecurity and vice versa. But the region is now at a tipping point. Groundwater aquifers are running dry or becoming contaminated, populations are exploding, and borders are more hardened than ever, making resettlement—a time-tested survival strategy—impossible. As is the case across much of the region, water security fell prey to the lack of political progress on resolving underlying conflicts. Without that political progress, donor governments and aid agencies have resorted to applying technical fixes to political problems. But in the Palestinian territories, as in much of the world, water insecurity has been a sign of deeper dysfunction.
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Zelenskyy arrives in Saudi Arabia to meet prince ahead of summit with U.S.
Ukrainian President Volodymyr Zelenskyy arrived Monday in Saudi Arabia for a visit with its powerful crown prince ahead of his team’s meeting with America’s top diplomat. While Zelenskyy won’t be there, his team will try to repair the damage done when his Feb. 28 visit to Washington descended into an Oval Office argument with President Donald Trump and Vice President JD Vance. At stake is the military aid and intelligence previously offered by the United States that had helped Ukraine since Russia’s full-scale invasion in 2022. U.S. Secretary of State Marco Rubio and Zelenskyy landed a few hours apart in Jeddah, a port city on the Red Sea where the Ukraine-U.S. summit will take place Tuesday.
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Perspective: How Saudi Arabia and the US might reset the Middle East
A new order is emerging in the Middle East. For decades, Iran wielded influence across the region by cultivating a network of proxies that created instability in several Arab countries, from Lebanon to Yemen. Today, however, Iran’s regional status is drastically diminished. In contrast, Saudi Arabia is establishing itself as the most influential power in the Arab world. With Donald Trump’s administration back in Washington, Saudi Arabia and the United States can strengthen their partnership to neutralize the threat of destabilization by Iran and alter the balance of regional power for a generation. Until 2023, Iran had prided itself on what it called the ‘axis of resistance’ – its network of proxies and allies in the Arab world. Today, that ‘axis’ is no more. Israel has defeated both Hamas and Hezbollah militarily. Most of Iraq’s PMFs have largely distanced themselves from the rest of Iran’s proxies’ war with Israel.
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Saudi market performance since March 2009 bottom
Sixteen years have passed since the Tadawul All-Share Index (TASI) hit its lowest level on March 9, 2009, at 4,130 points amid the global financial crisis. The benchmark rebounded in the second half of 2007 and early 2008, driven by petrochemical stocks that hit record highs, pushing the index close to 12,000 points. However, the global crisis, which sparked in mid-2008, weighed on the markets worldwide. TASI ended today, March 9, 2025, at 11,837 points — a surge of 187%, compared to its close on March 9, 2009. However, the index declined by 6.1% (763 points), down from 12,600 points in March 2024.
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PIF launches Al Waha, first Saudi-owned duty-free retailer
PIF today announced the establishment of Al Waha Duty-Free Company (Al Waha), a travel retailer and the first Saudi-owned duty-free operator. Al Waha, a wholly owned PIF company, will become a leader in travel retail and secure a greater share of passenger spending for the Saudi economy. Al Waha will develop luxury retail outlets in select locations across the country and feature a variety of merchandise including distinctive, high-quality Saudi products. Al Waha will operate its airport outlets on a duty-free basis, and will explore additional travel retail opportunities at land border crossings and seaports, as well as channels such as inflight shopping. Majed Al-Assaf, Head of Consumer Goods and Retail in MENA Investments at PIF, said: “By establishing Al Waha as a national travel retail champion, PIF intends to grow the Saudi travel retail industry and further support its ambitions for the tourism sector in Saudi Arabia. Al Waha will offer a distinctive traveler experience across Saudi travel retail touch points through diverse product offerings, a duty-free operation and a superior digital customer journey.
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