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Millions Worldwide Celebrate Eid Al-Fitr, End of the holy month of Ramadan
- July 7,2016
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- SUSTG Team
Millions of Muslims worldwide celebrated the festival at the end of the holy month of Ramadan on Wednesday as the three-day Eid al-Fitr festival began. Eid al-Fitr festival traditionally means family gatherings and the exchange of gifts and a feast after a month of fasting from dawn until dusk. Despite two deadly terrorist attacks in […]
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G.E., Aramco Ventures Pump $52m into Boston-Area 3D Printing Startup
- July 6,2016
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- SUSTG Team
General Electric Ventures and Saudi Aramco Ventures have led an investment of $52m in total funding into a Boston-based 3D printing device company, Desktop Metal. Desktop Metal aims to bring “an everyday-use metal 3D printing solution to the workspace of every engineering team,” according to CEO Ric Fulop. Boston Business Journal reports that the investment from […]
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Jadwa Investment: A Turn to Positive for Saudi Economic Data in July 2016 Economic Chartbook
- July 1,2016
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- SUSTG Team
Jadwa Investment’s recently released July 2016 Chartbook reveals economic data for Saudi Arabia trending toward the positive for the month of May, citing data on ATM withdrawals and point-of-sales transactions showing seasonal increases. Cement sales and PMI data also showed a slight acceleration in activity. The government also has reversed the months-long decline in assets at […]
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‘Very Good News’ for Saudi Real Estate as Kingdom Gets Boost in Transparency Ranking, Citing Chambers of Commerce
- June 30,2016
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- Lucien Zeigler
JLL and LaSalle Investment Management’s 2016 Global Real Estate Transparency Index (GRETI) has increased Saudi Arabia’s standing to “Semi-Transparent” after recent efforts by the Chambers of Commerce in Saudi Arabia. “The formation of real estate committees in the Chambers of Commerce has highlighted the issue of low transparency in the market and encouraged more action […]
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First Ever Direct Crude to Chemicals Plant “One Step Closer” for Aramco, SABIC
- June 28,2016
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- SUSTG Team
State-owned Saudi oil giant Aramco and diversified chemicals company SABIC are “one step closer” to being the first ever to use crude oil directly, rather than using refined products such as naphtha or ethane gas as feedstock, to create chemicals, according to reports and announcements by the companies on Saudi Arabia’s stock exchange. The achievement […]
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Mohammed Bin Salman Departs U.S. for France, Sends Cable Thanking U.S. and Obama for Hospitality
- June 27,2016
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- SUSTG Team
Saudi Deputy Crown Prince Mohammed bin Salman sent a cable of thanks to US President Barack Obama on Sunday as he concluded his visit to the United States. “I am pleased as I am leaving your friendly country after the end of my official visit to extend to Your Excellency my deep thanks for the […]
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Deputy Crown Prince Mohammed bin Salman Meets U.S. and Saudi Business Leaders in New York
- June 24,2016
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- SUSTG Team
Deputy Crown Prince Mohammed bin Salman met with business leaders and others in New York yesterday as his 13-day, packed-schedule visit across the United States comes to a close. Prince Mohammed was photographed meeting with top U.S. business leaders and “pioneers of innovation” in New York for a panel discussion, according to the twitter account […]
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Deputy Crown Prince, Delegation Meet with Ban Ki Moon at the United Nations
- June 23,2016
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- SUSTG Team
Deputy Crown Prince Mohammed bin Salman and an eight-member delegation arrived at the U.N. yesterday for meetings with the Secretary General, Ban Ki Moon. The Prince and his delegation reportedly discussed Mr. Ban’s decision to cite the Saudi-led military coalition in the Yemen conflict for violating the rights of children. According to the New York Times, Prince Mohammed […]
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Deputy Crown Prince Mohammed bin Salman, Minister of Commerce Majed Al-Qasabi Tour Facebook, Meet with Mark Zuckerberg
- June 23,2016
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- SUSTG Team
Saudi Arabia’s Deputy Crown Prince, Mohammed Bin Salman, met Facebook Inc. Chief Executive Officer Mark Zuckerberg during a tour of Silicon Valley before departing for New York. The Deputy Crown Prince was given a tour of Facebook’s headquarters in Silicon Valley and was accompanied by the Saudi Minister of Commerce, Dr. Majed al-Qasabi. Prince Mohammed […]
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Concluding Trip to Silicon Valley, Deputy Crown Prince Mohammed bin Salman and Delegation Ink MOU with Microsoft
- June 22,2016
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- SUSTG Team
Saudi Deputy Crown Prince Mohammed bin Salman met with Satya Narayana Nadella, chief executive officer of Microsoft, at the company’s Silicon Valley offices in San Francisco on Tuesday and signed two deals with the IT giant, according to reports. The first MOU between Saudi Arabia and Microsoft “will train young Saudis and will support Saudi Arabia […]
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MUST-READS
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US approves possible sale of torpedoes to Saudi Arabia: Pentagon
The State Department approves the possible sale of 20 MK 54 MOD 0 Lightweight Torpedoes to Saudi Arabia for $78.5 million, according to the Pentagon. “The proposed sale will improve Saudi Arabia’s capability to deter current and future threats by upgrading its anti-submarine warfare capabilities,” the Pentagon says. Pentagon chief Lloyd Austin has repeatedly reaffirmed to Saudi Arabia’s Defense Minister Prince Khalid bin Salman Washington’s commitment to the Kingdom’s defense and thanked him for Riyadh’s work to promote calm in the Middle East.
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Which sporting events is Saudi Arabia hosting in 2025?
On the back of the busiest sporting year Saudi Arabia has ever had, punctuated by news of the nation’s successful 2034 FIFA World Cup bid, the 2025 calendar is looking equally packed with world-class competition. Kicking off with the Dakar Rally in January, the Kingdom will host many of the biggest names in sport over the next 12 months, welcoming the world’s leading athletes across a range of events. Al Arabiya English explores what sporting events will be hosted by Saudi Arabia in 2025.
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All 6 lines of Riyadh Metro operational with rollout of Orange Line
The Line 3 (Orange Line) covering Madinah Road would connect the east of Riyadh to its west, and extends from Jeddah Road in the west to the second eastern ring road adjacent to the Khashm Al-Aan area in the east with a total length of 41 km. This marks the completion of the phased operation of the six lines of the Riyadh Metro network according to the plan previously announced when the project was inaugurated by Custodian of the Two Holy Mosques King Salman on Nov. 27, 2024. The RCRC said in a statement that at 6:00 am on Sunday, passengers will be received on the Orange Line at the following five stations: Jeddah Road Station, Tuwaiq Station, Douh Station, Harun Al-Rashid Road Station, and Al-Naseem Station, which is one of the transfer stations that connects the Orange Line and the Purple Line. The commission also announced the operation of three new stations on the Blue Line that connects the Olaya Street to Batha and these are Al-Morooj Station, Bank Al-Bilad Station, and King Fahd Library Station. Three lines that started operations in the initial phase on Dec. 1 were the 1st line (Blue Line); 4th line (Yellow Line); and the 6th line (Purple Line). In the second phase, two more lines — Line 2 (Red Line) and Line 5 (Green Line) — became operational on Dec. 15.
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Cristiano Ronaldo Talks Life In Saudi Arabia, Growth Of Saudi Pro League
Since Ronaldo's arrival in the SPL, the league has grown leaps and bounds. Players like Karim Benzema, Neymar, Riyad Mahrez, Sadio Mane, and more are now in the SPL. Cristiano Ronaldo said about the growth: For me, it is an honour that the league is growing and many star players are coming to make the league even better and more competitive. To be the first one -- let's say a star -- to come here is an honour, but what I'm looking forward to is the next five to 10 years of the league still improving. Not only the first teams, but also the academies.
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Major Saudi Food Company Exits Iran After 20 Years
The Saudi Arabian group SAVOLA has sold all its assets in Iran for 705 million Saudi riyals (approximately $188 million) and is exiting the country. SAVOLA, the largest Saudi investor in Iran, had invested in the production of cooking oils, including the brands Ladan, Bahar, and Nastaran. SAVOLA Food Company in Iran, a subsidiary of the larger SAVOLA Group, was engaged not only in the production and distribution of edible oils but also in seafood, industrial bread, and confectionery products. Iranian media outlets, including 7sobh, have speculated that the decision to sell and exit the country is linked to Donald Trump‘s re-election in the U.S. and his impending return to office. However, according to a statement issued by SAVOLA Group on Wednesday, January 1, the company’s withdrawal from Iran was “in line with the group’s strategy to exit non-core markets at the right time.”
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Milan star thanks Saudi fans for inspiring Supercoppa comeback
Milan forward Tammy Abraham has hailed the impact of the support in Riyadh as his side booked their place in the Supercoppa Italiana final. The Englishman and his teammates trailed Juventus 1-0 in the closing stages before a Christian Pulisic penalty and bizarre own goal turned the contest on its head. Following the fightback, Milan's reward for victory in coach Sergio Conceição's first game in charge is a final against Inter with Supercoppa glory at stake in Saudi Arabia. "Thank to you everyone who came to watch the game and supported us today. It was a beautiful atmosphere in a beautiful country, a beautiful support," Abraham said afterwards.
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Iran FM says ties with Saudi Arabia are progressing despite gradual pace
Speaking in an interview with China Media Group (CMG), Araghchi said that the newly restored Iranian-Saudi ties have a lot of potential that haven’t been exploited yet. The interview was conducted late last month in Beijing, but was aired on January 4. Araghchi added that the biggest achievement was reaching the decision to revive the relations that remained frozen for years, adding that both sides have benefited from the revival of ties.
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‘Next Saudi Generation Program’ Launched to Support Saudi Talent in Motorsports
The Saudi Automobile and Motorcycle Federation (SAMF) has launched the Next Saudi Generation Program to support and develop Saudi talent in motorsports. The program, conducted in collaboration with the Saudi Motorsport Company and under the supervision of the Ministry of Sport, aims to empower Saudi youth and provide opportunities for future champions—both men and women—to explore rally racing and integrate into the world of motorsports. As part of this initiative, five drivers and their co-drivers were selected: Fahd Al-Marmash with co-driver Hossam Al-Zahrani, Hamza Bakhshab with co-driver Fahd Al-Omar, Abdullah Al-Shaqawi with co-driver Raed Al-Assaf, Merihan Al-Baz with co-driver Waleed Al-Sheqawi, and Fatima Banaz. These participants will compete for the first time in the Saudi Rally 2025, the Kingdom’s most prestigious and challenging motorsports event, hosted by Saudi Arabia for the sixth consecutive year. The selection of these competitors occurred during the Qassim Rally, a key round of the Saudi Rally Championship.
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How Artificial Intelligence Will Affect Asia’s Economies
Asia-Pacific’s economies are likely to experience labor market shifts because of artificial intelligence, with advanced economies being affected more. About half of all jobs in the region’s advanced economies are exposed to AI, compared to only about a quarter in emerging market and developing economies. However, as we show in our latest Asia-Pacific Regional Economic Outlook, there are also more jobs in the region’s advanced economies that can be complemented by AI, meaning that the technology will likely enhance productivity rather than replace these roles altogether. The concentration of such jobs in Asia’s advanced economies could worsen inequality between countries over time. While about 40 percent of jobs in Singapore are rated as highly complementary to AI, the share is just 3 percent in Laos.
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In a year, Saudi gifted students get 107 global awards, with over 582,000 students competing nationally.
Saudi Arabia's national teams who competed in international science and academic contests had tremendous success, winning 107 global awards across 25 events held between September 2023 and September 2024. This milestone brings the Kingdom's total, as represented by King Abdulaziz and his Companions Foundation for Giftedness and Creativity (Mawhiba), to 842 global awards. Domestically, over 582,000 students participated in national competitions organized by Mawhiba during the same period. A Mawhiba report, released in conjunction with the Saudi National Day, revealed that 37,720 students took part in the Mawhoob Competition, while 42,702 students joined the Kangaroo Mawhiba Math Competition. Additionally, 32,094 students participated in the Bebras Mawhiba for Informatics, and the National Olympiad for Programming and AI (ATHKA) attracted 260,308 participants.
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