Recent stories from sustg

• Johnson Favored as Saudi Arabia Gears Up for 3rd Saudi Invitational; Nicklaus Agrees to Design New Course at Qiddiyah
  • February 2,2021

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  • SUSTG Team
   

  Saudi Arabia’s flagship annual golf tournament begins Thursday with world number one golfer Dustin Johnson as the favorite to win at the Royal Greens Golf Club in King Abdullah Economic City, Saudi Arabia. The Saudi Invitational, presented by the Public Investment Fund offers a purse of €3,019,002 ($3,630,712.19), with the strongest-yet field of 138 players set to compete. 12 Major […]

   
• In ‘Routine’ Action, New Biden Administration to Review Some Arms Sales from Previous Administration to Saudi Arabia, UAE
  • January 28,2021

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  • SUSTG Team
   

  President Joe Biden’s administration has temporarily paused some pending arms sales to U.S. allies in order to review them, a move that is typical for most new incoming administrations, especially if arms sales are announced just hours before the outgoing administration departs.

   
• First American Chamber of Commerce Established in Riyadh; ABGR Becomes AmCham KSA
  • January 20,2021

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  • SUSTG Team
   

  The American Business Group of Riyadh (ABGR) has formally become part of the global network of the American Chambers of Commerce with the announcement that the group will now be known as the American Chamber of Commerce in Saudi Arabia (AmCham KSA), the first such establishment of its kind in the Kingdom.

   
• Saudi Arabia Postpones Riyadh Airport Expansion Financing after Pandemic
  • January 12,2021

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  • SUSTG Team
   

  The global pandemic and its impact on travel is causing the Kingdom to delay its plans to raise financing “potentially worth billions of dollars” for the expansion of Riyadh’s airport, sources told Reuters.

   
• Positive Economic Data Seen in Latest Saudi Chartbook for January 2021 – Jadwa Investment
  • January 4,2021

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  • SUSTG Team
   

  A more optimistic Saudi private sector reacting to the start of the vaccine rollout in the Kingdom is is being credited for positive data seen for Saudi Arabia’s economy, Jadwa Investment says in its latest Charbook for the month of January 2021. Saudi Arabia’s non-oil PMI saw a significant monthly rise in November, the latest data available and reported […]

   
• Crown Prince Mohammed bin Salman, Other Top Saudi Officials Get Vaccinated Against Coronavirus
  • December 28,2020

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  • SUSTG Team
   

  Crown Prince Mohammed bin Salman and top Saudi officials have begun receiving their first dose of the Coronavirus vaccine, imported to the Kingdom earlier this month and rolled out on December 17th, according to the Saudi Press Agency. Wearing a black thobe with his left arm bare to receive the shot, the Crown Prince made a point to ensure […]

   
• Saudi Arabia Unveils 2021 Fiscal Budget with Spending Reductions, Eying Economic Rebound
  • December 16,2020

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  • SUSTG Team
   

  Saudi Arabia unveiled a new budget for the 2021 year, cutting spending to rein in a fiscal deficit brought on by a lower oil prices in 2020 and adjusting the Kingdom’s fiscal strategy to a post-Coronavirus pandemic era.

   
• Saudi-Owned Lucid Motors Completes Phase 1 of Arizona Factory Build, Eyes 2021 Production
  • December 8,2020

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  • SUSTG Team
   

  Saudi-owned Lucid Motors, a forthcoming EV rival to Tesla, announced that it completed the first phase of construction at its factory in Arizona, eying production of up to 400,000 electric cars per year at the facility after future expansions. Lucid completed the first phase of construction of its factory in Casa Grande, Arizona, and is aiming to start […]

   
• Saudi Arabia, Yemen’s Houthis on Cusp of ‘Breakthrough’ Deal if Buffer Zone Established – Report
  • November 18,2020

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  • SUSTG Team
   

  Saudi Arabia and Yemen’s Iran-backed Houthis are on the cusp of a “breakthrough” nationwide ceasefire agreement, Reuters reports, on the condition that the Houthis agree to an establish a buffer zone between the two countries.

   
• Saudi Arabia Announces Planned Reforms to Expatriate Labor System, in Place for Seven Decades
  • November 5,2020

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  • SUSTG Team
   

  Saudi Arabia on Wednesday announced plans to abolish the seven-decade-old labor sponsorship system known as “kafala” in the Kingdom, a step forward for the country’s modernization drive and economic reform plans, according to reports. 

   
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