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Huawei in Talks With Saudi Authorities for Middle East HQ Move to Saudi Arabia
- April 10,2023
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- SUSTG Team
Huawei Technologies Co., the Chinese multinational technology corporation, is looking to make Riyadh its headquarters for its growing Middle East operations, according to a report.
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Bilal Saab on U.S.-Saudi military cooperation, how the Kingdom is performing on its green initiative, and more
- April 7,2023
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- SUSTG Team
The 966 welcomes back onto the program Bilal Saab, political-military analyst on the Middle East and U.S. policy toward the region and Senior Fellow and Director of the Defense and Security Program at the Middle East Institute. The hosts ask Bilal about his recent piece, entitled “After Oil-for-Security: A Blueprint for Resetting U.S.-Saudi Security Relations.” Before […]
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Saudi Arabia to Develop Key Water Projects Worth $80 Billion to Enhance Access as Growth Booms
- March 27,2023
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- SUSTG Team
Saudi Arabia will invest $80 billion into key water projects in the coming years to support its economic growth and provide safe and equitable access to water for all citizens and residents, according to a report.
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Iran’s Government Proposes Three Locations for Meeting of Foreign Ministers; Riyadh Reportedly Invites President to Visit
- March 20,2023
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- SUSTG Team
The Iranian government has proposed to Saudi Arabia three locations for a meeting of foreign ministers, according to Iran’s foreign minister, as the two countries move forward with re-establishing ties.
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Riyadh-based Consultancy Mukatafa, Saudi Ministry of Economy and Planning Sign MOU to Collaborate on Private Sector Development
- March 13,2023
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- SUSTG Team
Riyadh-based private consultancy firm Mukatafa has signed a MOU with Saudi Arabia’s Ministry of Economy and Planning to improve the Kingdom’s development plans and enable sustainable growth, according to Arab News.
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An evolving U.S.-Saudi relationship, jaw-dropping developments and progress on the Red Sea, and much more….
- March 10,2023
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- SUSTG Team
Episode 78! The 966 hosts fly solo this week ahead of a busy week of travel to Saudi Arabia and the region and an impressive slate of forthcoming guests in the coming weeks. This week the hosts discuss a recent collection of articles and items in the media that paint a picture of a U.S.-Saudi […]
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Saudi Arabia Records 31 Percent Rise in Government Revenues in 2022 – MOF
- March 9,2023
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- SUSTG Team
Saudi Arabia recorded a 31 percent rise in government revenues to reach SR1.26 trillion ($335.6 billion) in 2022, the Ministry of Finance said on Thursday.
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Polish Prime Minister Mateusz Morawiecki Visits Riyadh, Meets with Crown Prince Mohammed bin Salman
- March 8,2023
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman “reviewed relations and issues of mutual concern” with Polish Prime Minister Mateusz Morawiecki on Tuesday in Riyadh.
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Report: Saudi Arabia’s Acwa Power Eyes Three More Giant Hydrogen Plants
- March 2,2023
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- SUSTG Team
Saudi Arabia’s ACWA Power company is looking beyond its already ambitious plan to build a massive green hydrogen plant in NEOM, possibly adding as many as three more plants of a similar size and scale in the Kingdom, according to a scoop from Bloomberg.
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Saudi Economy in 2023 Report: Saudi Non-Oil Economy Forecasted to Grow Over 5% — Jadwa Investment
- February 28,2023
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- SUSTG Team
Riyadh-based Jadwa Investment says it sees Saudi Arabia’s non-oil economy continuing its growth streak through 2023, “growing well in excess of 5 percent,” according to a report issued by Jadwa.
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MUST-READS
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Saudi Electricity to convert $45 billion in government liabilities into perpetual instrument
Saudi Electricity Co 5110.SE said on Monday it has signed an agreement with the government to convert state liabilities worth 167.92 billion riyals ($45 billion) into a subordinated perpetual financial instrument to strengthen its balance sheet. The Shariah-compliant perpetual equity-like instrument will carry a 4.5% profit rate and a redemption option, it said in a statement.
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Saudi government to grant 500,000 riyals to families of health workers who died from COVID-19
Saudi Arabia is to grant 500,000 riyals to families of health workers who died from COVID-19. The grant will apply to those who worked in both public and private sectors, civilian or military and to all nationalities. This applies to those who recorded their first infection starting March 2, 2020.
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Saudi Arabian Government Looking To Partner With Iowa Farmers On Imports
Saudi Arabia imported almost $300 million in corn and $120 million in soybeans from the U.S. in 2018, the majority of which came from Iowa, Bakir said.
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Iraq-Saudi border crossing to reopen within 20 days: Iraqi government
The Arar crossing closed in 1991, when relations between the two countries deteriorated after then-Iraqi president Saddam Hussein invaded Kuwait. Iraq-Saudi relations were further damaged under the tenure of former Prime Minister Nouri al-Maliki, who is accused of furthering Iran’s interests in the country. Rapprochement between the two began in 2015, when Saudi Arabia reopened their Baghdad embassy after 25 years of closure.
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FTSE Russell launches local currency Saudi government bond index
Global index provider FTSE Russell said on Thursday it had launched a bond index for Saudi Arabia to measure the performance of fixed-rate, local currency government bonds, a move which could lead to new inflows to the Saudi market. The FTSE Saudi Arabian Government Bond Index will cover sukuk and non-sukuk government bonds with at least one year to maturity and a minimum amount outstanding of 1 billion riyals ($266.65 million). Sukuk are Islamic bonds.
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KPMG lauds the Saudi government’s agile Covid-19 response
Alani’s comments come against the backdrop of real time analysis that KPMG is conducting across seven key global markets – Australia, Canada, Germany, India, Saudi Arabia, the UK and the US – to compare response mechanisms and gauge best practices from across the globe. Factors being considered by KPMG include the organisational design changes, new government service offerings, human resource policies, evolving risk assessment strategies, and supply chain management. Despite being hit by the double blow of Covid-19 and the consequent impact on oil prices, Saudi Arabia appears to have performed particularly well across these key metrics, which Alani attributes to the country’s institutional framework.
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Saudi Arabia moves up 9 notches in UN e-government index
Saudi Arabia moved up nine notches in the United Nations E-Government Development Index (EGDI) in 2020. The Kingdom has improved its digital infrastructure index ranking, jumping 40 notches to the 27th globally.
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Yemen’s government, separatists agree on ceasefire, Saudi-led coalition says
Yemen’s Saudi-backed government and southern separatist forces have agreed on a ceasefire and will begin talks in Saudi Arabia on implementing a peace deal, the Saudi-led coalition said on Monday. The government, based in the southern port of Aden, and the separatists are nominal allies in the Saudi-led coalition, which has been at war against the Iran-aligned Houthis that have controlled the capital since 2014.
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Yemen separatists seize remote Socotra island from Saudi-backed government
Southern separatists have seized control of Yemen’s island of Socotra in the Arabian Sea, deposing its governor and driving out forces of the Saudi-backed government which condemned the action as coup.
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E-government in Saudi Arabia makes huge advances amid pandemic
The new realities of staying at home, social distancing, teleworking and remote learning are urging governments across the globe to make a rapid digital transformation to provide easy use of e-services for citizens, simplifying compliance of governmental laws for citizens, improving citizen engagement and trust and decreasing fraud and operational cost
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