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Saudi Arabia’s Tourism Sector Booms as Inbound Tourists, Spending Up 5x in Q2 – MISA
- December 14,2022
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- SUSTG Team
Tourism to Saudi Arabia grew substantially in the second quarter of 2022, with the Kingdom seeing a 575.4 percent year-on-year increase in inbound tourists to the Kingdom, Saudi Arabia’s Ministry of Investment (MISA) said.
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Saudis Celebrate Historic Win Against Argentina at Qatar World Cup with National Holiday
- November 23,2022
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- SUSTG Team
Saudi Arabia’s King Salman bin Abdulaziz declared Wednesday as a public holiday after the Saudi soccer team beat Argentina in the World Cup on Tuesday in a thrilling and historic upset that will long be remembered and celebrated by Saudis.
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Crown Prince Heads to G20 in Indonesia as Chinese Leader Xi Jinping Reportedly Eyes December for Saudi Visit
- November 14,2022
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- SUSTG Team
Crown Prince Mohammed bin Salman of Saudi Arabia will represent the Kingdom at the G20 in Indonesia at this year’s meetings, and will visit other Asian countries as part of the trip, state news agency SPA reported.
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Prince Waleed bin Nasser Al-Saud from Saudi-based Consultancy Mukatafa, more on the U.S.-Saudi relationship, Saudi’s mining sector, and more
- November 11,2022
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- SUSTG Team
Episode 65! Prince Waleed Bin Nasser Al Saud joins The 966 — Prince Waleed is CEO of Mukatafa, a consultancy based in Riyadh that brings together the public and private sectors in Saudi Arabia, forming an ecosystem that enables the private, public, and third-party sectors to collaborate, integrate, and grow together as the Kingdom drives […]
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PIF to List an Additional 10% of Saudi Stock Exchange; Investors Put in All Orders Within an Hour
- November 10,2022
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- SUSTG Team
Saudi Arabia’s Public Investment Fund is selling an additional 10% stake in the kingdom’s stock exchange, the Tadawul, “pushing ahead with plans to reduce its holdings in some of the country’s biggest companies and raise funds for investments,” Bloomberg reports.
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Saudi Arabia Evaluating Financing Options for NEOM, Hires New York-Based Lazard Ltd.
- November 9,2022
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- SUSTG Team
Saudi Arabia is evaluating financing options to develop NEOM, working with New York-based Lazard Ltd. to develop plans to potentially include debt sales and an initial public offering on the Saudi stock exchange for the high-tech city, people familiar with the matter told Bloomberg.
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Saudi Arabia Announces 66 New Initiatives as Part of Environmental Action Plan at COP 27
- November 8,2022
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- SUSTG Team
Saudi Arabia has announced 66 new initiatives as part of its environmental plan at the UN global climate change summit taking place in the Egyptian resort town of Sharm El-Sheikh, according to reports.
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Saudi Arabia Commits 2.5 Billion to Middle East Green Initiative, Agrees to Host HQ in Riyadh – Report
- November 7,2022
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- SUSTG Team
Crown Prince Mohammed bin Salman said on Monday that Saudi Arabia would contribute $2.5 billion to the Middle East Green Initiative over the next 10 years, and host its headquarters in the Kingdom, according to a report from Reuters.
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2022 Global Cities Report finds huge leap in Riyadh’s Cultural Experience
- October 31,2022
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- SUSTG Team
Leading management consulting firm Kearney released its 2022 Global Cities Report assessing 156 cities around the world around the world across five dimensions: business activity, human capital, information exchange, cultural experience, and political engagement.
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Saudi Ambassador to United States Reema bint Bandar Al Saud Joins CNN for Extensive Interview
- October 26,2022
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- SUSTG Team
Princess Reema bint Bandar Al Saud, Saudi Ambassador to the United States, sat down with CNN’s Becky Anderson in her first televised interview with international media since becoming the ambassador in early 2019.
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MUST-READS
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Will US-Iran prisoner exchange jumpstart diplomacy at UNGA?
While the exchange of prisoners — five will be freed by each side, as Elizabeth Hagedorn reported — seems straightforward, as far as these types of exchanges go, the Biden administration is being pilloried by Republican critics for the release of $6 billion owed to Iran from South Korean banks, as Adam Lucente reports. Those funds were frozen under US sanctions in 2018, when the Trump administration withdrew from the Joint Comprehensive Plan of Action (JCPOA). They have now been transferred to a restricted account overseen by Qatar.
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Middle East extremely vulnerable to climate change: Video
The Middle East is one of the world's most affected and most exposed regions to climate change. CNN's Becky Anderson has more from Abu Dhabi.
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Saudi, Iran exchange ambassadors after years-long rupture
Saudi Arabia's ambassador to Iran arrived Tuesday in the Islamic Republic, and his counterpart landed in Riyadh, cementing a restoration of ties between the Gulf rivals after a seven-year rupture in ties. Shiite-dominated Iran and Sunni Muslim Saudi Arabia agreed to resume diplomatic relations and reopen their respective embassies following a China-brokered deal announced in March. Riyadh and Tehran severed ties in 2016 after Saudi diplomatic missions in Iran were attacked during protests over Riyadh's execution of Shiite cleric Nimr al-Nimr.
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Saudi, Iran exchange ambassadors after years-long rupture
Saudi Arabia's ambassador to Iran arrived Tuesday in the Islamic Republic, and his counterpart landed in Riyadh, cementing a restoration of ties between the Gulf rivals after a seven-year rupture in ties. Shiite-dominated Iran and Sunni Muslim Saudi Arabia agreed to resume diplomatic relations and reopen their respective embassies following a China-brokered deal announced in March. Riyadh and Tehran severed ties in 2016 after Saudi diplomatic missions in Iran were attacked during protests over Riyadh's execution of Shiite cleric Nimr al-Nimr.
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Saudi Arabia: UN experts challenge oil giant Aramco over risks to climate change goals
According to the letter, the experts are concerned over the company's expansion of fossil fuel production, which they say could threaten human rights if continued. The letter was sent to the company's chief executive, Amin Nasser, on 26 August, and says that Aramco's activities have negative consequences on the rights to a healthy environment. Aramco has previously said it aims to achieve zero net emissions from its operations by 2050. However, the experts say that the organisation's activities could be undermining the 2015 Paris Agreement, which set a target of limiting the world to a temperature increase of 1.5C.
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Gulf Countries Explore Water Solutions to Mitigate Impacts of Climate Change
Around 2 billion people lack access to safe drinking water, and 40% of the world’s population is affected by water scarcity, the United Nations reported at the conclusion of its 2023 Water Conference in March. Due to rising demand, pressure on freshwater supplies is projected to increase by more than 40% by 2050, the U.N. stated. Moreover, only 0.5% of the water on Earth is usable for human consumption, and climate change threatens this scarce supply.
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How climate change will affect Middle East heatwaves and crops
Rainfall will decrease markedly in the Middle East by 2040, sparking worsening food security, Oxfam warned on Wednesday, as it published a report warning of the humanitarian cost of increased water scarcity. The report, Water Dilemmas, describes how a water security crisis, in large part driven by global heating from greenhouse gas emissions, will fuel hunger and disease and force more people to leave their homes.
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Saudi Arabia set to announce major change in labour law: Report
Among the infringements, employers could be fined for employing foreign workers without a permit, on-site accidents, hiring minors, insufficient childcare support, withholding passports and failure to pay wages.
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Qatar to host Iran-US prisoner exchange, foot bill for asset conversion
After more than a year of indirect talks, Iran and the United States have agreed on a new prisoner swap. The deal entails Iran’s release of five Iranian-Americans held on security-related charges in exchange for the freeing of four Iranians detained by the US. Washington has also committed to allowing approximately 6B USD worth of Iranian assets held in South Korean banks to be made accessible to Tehran.
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Biden’s New ‘DAC’ Hubs Could Drive Climate Change-Fighting Innovation
The Biden administration awarded $1.2 billion in support of companies looking to pull carbon from the ambient air on Friday. It did so endorsing a specific strategy: that grouping like-minded companies and researchers in hubs is the most effective way to scale the nascent technology.
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