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King Salman bin Abdulaziz Al Saud Chairs ‘Extraordinary’ G20 Virtual Summit to address the COVID19 crisis
- March 26,2020
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- SUSTG Team
Saudi Arabia’s King Salman chaired a virtual G20 summit via video teleconference with world leaders to address the COVID19 crisis under the G20 Saudi Arabia Presidency. World leaders, including Chinese President Xi Jinping, India’s Prime Minister Narendra Modi, and President Donald Trump and others joined the summit. Mexico’s President told the summit that there is urgency for the United Nations […]
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Stunning Photos Show Saudi Arabia’s Empty Streets for COVID-19 Curfew
- March 25,2020
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- SUSTG Team
Saudi Arabia on Monday night began implementing a nationwide dusk-to-dawn curfew to halt the spread of COVID-19, urging the public to stay home unless necessary and closing restaurants, cinemas, malls, and other places of gathering.
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Saudi Arabia reports first death from COVID-19, 205 new cases
- March 24,2020
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- SUSTG Team
Saudi Arabia on Tuesday reported its first death from the coronavirus, and 205 new cases, bringing the total number of confirmed cases to 767, according to reports.
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Saudi Arabia Enacts Curfew as Kingdom Seeks to Best COVID-19
- March 23,2020
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- SUSTG Team
Saudi Arabia has enacted a curfew to stop the spread of COVID-19 within the Kingdom’s borders, prohibiting citizens and residents from being outside the home at night for three weeks starting Monday.
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Saudi Arabia Expands Preventative COVID-19 Travel Restrictions as Some Analysts Praise Kingdom’s Response
- March 20,2020
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- SUSTG Team
Saudi Arabia continued to expand rules and regulations to prevent the spread of COVID-19 in the Kingdom and King Salman gave a rare speech to address the Saudi public on Friday, as the world seeks to stop the spread of the deadly virus and calm global markets.
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Jadwa Macroeconomic Update: COVID-19 ‘Changes Everything, for Now’
- March 19,2020
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- SUSTG Team
The latest Macroeconomic Update report from Jadwa Investment examines the impact of the COVID-19 virus, or Coronavirus, on the Saudi economy, noting that while COVID-19 will put pressure on the oil economy, downside risks to non-oil growth will also be noticeable in the Kingdom.
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Everything Saudi Arabia is Doing to Combat the Spread of COVID-19 in One Video
- March 17,2020
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- SUSTG Team
Saudi Arabia’s ambassador to the United States HRH Princess Reema bint Bandar recently shared on twitter a 60-second video showing all the steps that Saudi Arabia has taken to combat the spread of the Coronavirus, or COVID-19, within the Kingdom.
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Saudi Aramco reports 2019 results in ‘difficult macro environment’
- March 16,2020
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- SUSTG Team
Saudi Aramco announced its full-year 2019 financial results, delivering “strong profits and dividends despite a lower price environment and challenging margins in refining and chemicals,” the company said in a press release.
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Strong U.S., Saudi Arabia Security Alliance Evident in Latest SIPRI Annual Report
- March 13,2020
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- SUSTG Team
Saudi Arabia was the largest recipient of US arms in 2015–19 and accounted for 25 percent of U.S. arms exports, a surge of 17.6 percent over the period between 2010-2014, according to the latest Trends in International Arms Transfers, 2019 report from the Stockholm International Peace Research Institute (SIPRI).
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Saudi Arabia Widens Travel Ban; Coronavirus Cases Increase
- March 12,2020
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- SUSTG Team
Saudi Arabia has extended flight bans to the European Union and other countries as the Kingdom announced 24 new cases overnight, bringing its total to 45.
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MUST-READS
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Foreign Minister Delivers Saudi Arabia’s Speech at the 79th Session of the UN General Assembly
Our world today is witnessing many crises exacerbated by the satisfaction of managing them without finding practical solutions to address them. This is due to the laxity of practical international efforts and selectivity in implementing international law and international humanitarian law. This has resulted in the expansion of the circle of violence and conflicts and the threat to the principles of international legitimacy. This requires us to adhere to the principles and foundations set by the United Nations Charter, work together, and focus on long-term peaceful solutions that ensure the protection of civilians, end fighting and wars, and provide security and development regionally and internationally.
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Saudi Arabia sees 656% surge in leisure tourism in 2024
The most notable development is a 656% increase in tourists arriving for entertainment and holiday purposes. The ministry highlighted that 4.2 million tourists visited for these reasons in the first seven months of 2024, reflecting a 25% rise from the previous year and a significant leap from pre-pandemic levels in 2019.
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Saudi Arabia secures funds for 5.5GW solar projects
The developers of solar power projects worth SAR12 billion ($3.2 billion) with a combined output of 5.5 gigawatts (GW) in Saudi Arabia have secured financing for their projects. Saudi-listed Acwa Power, Water and Electricity Holding Co (Badeel), a Public Investment Fund (PIF)-owned company, and Saudi Aramco Power Co (Sapco), a wholly-owned subsidiary of energy major Aramco, have reached financial close for the Haden, Muwayh and Al Khushaybi projects.
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Saudi Arabia urges G20 nations to address Israel’s violations and support Palestinian statehood
Saudi Arabia has called on G20 countries to intensify joint efforts to address the international community's failure in confronting Israel’s serious violations of international laws and norms. The Kingdom emphasized the need for a ceasefire and a path toward the establishment of an independent Palestinian state. Saudi Foreign Minister Prince Faisal bin Farhan made the remarks on Wednesday during the second meeting of the G20 Foreign Ministers, chaired by Brazil, on the sidelines of the 79th session of the United Nations General Assembly in New York.
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Raytheon Delivers Saudi Arabia’s First AN/TPY-2 Air Defense Radar
Raytheon has delivered the first AN/TPY-2 air defense radar for Saudi Arabia as part of a $2.3-billion deal signed in 2020. According to the company, the radar is the first in its class to feature a complete Gallium Nitride semiconductor, providing expanded surveillance capacity and greater sensitivity to threats. It offers several key advantages over other radio frequency semiconductors in terms of energy efficiency, weight, and power output.
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Oil price fall pushes Saudi Arabia to look at raising output
Ole Hansen, head of commodities strategy at Saxo Bank, said the move represented “a major shift in thinking” by Riyadh. “The outlook for slowing demand growth, not least in China, has probably prompted them to accept a lower price tag for crude and, with that, the need to increase production,” he said.
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Saudi Arabia’s coffee expansion is being driven by homegrown brands
Since its founding in 2018, Half Million has expanded at an extraordinary pace, now boasting 59 stores across 14 cities in the Kingdom. Its popularity, driven by strategic branding and a social media-driven marketing campaign, reflects not only the country’s growing appetite for coffee but also a wider trend: the rise of national Saudi brands that understand and cater to local preferences.
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CENTCOM and Saudi Arabian Armed Forces Conduct Third Iteration of Red Sands Counter-s UAS Exercise
Three U.S. Army AH-64 Apaches fly in a holding pattern at Red Sands IEC in the CENTCOM AOR Sept. 23, 2024. (U.S. Army photo by Spc. Dean John Kd De Dios)
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CENTCOM and Saudi Arabian Armed Forces Conduct Third Iteration of Red Sands Counter-s UAS Exercise
Three U.S. Army AH-64 Apaches fly in a holding pattern at Red Sands IEC in the CENTCOM AOR Sept. 23, 2024. (U.S. Army photo by Spc. Dean John Kd De Dios)
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Saudi Arabia announces new global coalition to establish Palestinian state
Saudi Arabia’s top diplomat on Thursday announced the launch of a new initiative to establish a Palestinian state and garner support for the implementation of a two-state solution after decades of international efforts failed, leading the region to the brink of an all-out war. The Global Alliance for the Implementation of the two-state solution was unveiled during Prince Faisal bin Farhan’s speech at a meeting that included the Arab League, the Organization of Islamic Cooperation (OIC) and Norway.
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