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Middle East accounts for 7.5% of global crypto volume
- September 27,2024
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- SUSTG Team
According to Chainanalysis’ 2024 Geography of Cryptocurrency Report The Middle East & North Africa (MENA) region ranks as the seventh-largest crypto market globally in 2024.
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Saudi Tourism: Who is traveling?
- September 26,2024
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- SUSTG Team
The International Monetary Fund’s (IMF) recent report on the Saudi economy reflected a Saudi tourism landscape that is getting broader and deeper
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OPEC releases World Oil Outlook 2024
- September 25,2024
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- SUSTG Team
The Organization for Petroleum Exporting Countries (OPEC) issued its 2024 World Oil Outlook forecasting significant growth in global energy demand between now and 2050.
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IEA report says 2030 renewable energy goals within reach
- September 24,2024
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- SUSTG Team
Coinciding with the United Nations General Assembly in New York, the International Energy Agency (IEA) has issued ‘From Taking Stock to Taking Action’ report that concludes the goal to triple global renewable energy capacity by 2030 and cut fossil fuel use is within reach, but will require a huge push to unlock bottlenecks such as permitting […]
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Saudi Arabia celebrates its 94th National Day
- September 22,2024
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- SUSTG Team
Saudi Arabia marked its 94th National Day on September 23, 2024 commemorating the unification of the Kingdom under King Abdulaziz Al Saud in 1930.
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MBS confirms Saudi position regarding recognition of Israel
- September 20,2024
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- SUSTG Team
In an address to the Shoura Council, Saudi Crown Prince Mohammed bin Salman said that Saudi Arabia would not recognize Israel without the establishment of a Palestinian state.
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KSA moves forward on its nuclear energy plans
- September 19,2024
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- SUSTG Team
The IAEA has for years been in talks with Riyadh on making the switch to a Comprehensive Safeguards Agreement that covers issues like inspections in countries that have ratified the nuclear Non-Proliferation Treaty.
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Epic Boeing 777 journey by land captivates Saudis
- September 18,2024
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- admin
Three retired Saudia Airlines Boeing 777s traversed Saudi Arabia by land from Jeddah to Riyadh to be part of the Riyadh Season 2024 Boulevard Runway zone.
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KSA FDI outlook
- September 17,2024
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- SUSTG Team
Saudi Arabia’s net FDI rose 5.6% in Q1 2024 with tourism investment leading the way along with construction, electronics, and financial service sectors, among others. The United States is the home country for 333 ongoing and announced projects; by far the leading country.
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Aramco Digital and Groq to build world’s largest inferencing data center
- September 16,2024
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- admin
American AI chip startup Groq will partner with Aramco Digital to establish what would be the world’s largest AI inference data center in Saudi Arabia.
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MUST-READS
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India, soon world’s most populous nation, doesn’t know how many people it has
In two months, India is projected to become the world's most populous country with over 1.4 billion people. But for at least a year, and possibly longer, the country won't know how many people it has because it hasn't been able to count them. India's once in a decade census, due in 2021 and delayed due to the pandemic, has now got bogged down by technical and logistical hurdles and there are no signs the mammoth exercise is likely to begin soon.
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Boeing, Airbus Sell 470 Planes to Air India in Record Deal
Air India Ltd. ordered 470 jets from Boeing Co. and Airbus SE EADSY 0.63%increase; green up pointing triangle, marking the largest deal for commercial aircraft in aviation history and coming as airlines scramble for jets to meet surging demand for air travel. The airline said it has agreed to purchase 250 Airbus jets. It also ordered 220 Boeing planes, according to the White House, which announced the Boeing side of the deal.
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Perspective: India could be this decade’s China
Recently concluded defence and technology agreements with the United States constitute a milestone. The agreements acknowledge reality, including that one underestimates the United States at one’s peril and that, despite their domestic travails, the US and Britain still produce 50 per cent of the global wealth as opposed to China and Russia’s combined 20 per cent.
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India has found a major deposit of lithium, suddenly making it a major player in batteries and EVs
The Indian government announced on Thursday, Feb. 10 that 5.9 million tons of lithium, a crucial mineral for the manufacturing of electric vehicles and solar panels, had been discovered in the provinces of Jammu and Kashmir.
It was the first major discovery of lithium in India, with the only other reserves being a small deposit of 1600 tons discovered in Karnataka two years ago. Up to this point, the country had depended on Australia, Chile, and Argentina for any imports of lithium needed for its manufacturing sector.
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Saudi Arabia tops list of Gulf countries giving employment to Indians in 2022
The Kingdom of Saudi Arabia bagged the top spot among Gulf countries that offered most number of jobs to Indians in the year 2022. In the year 2022, Saudi Arabia provided 178,630 jobs to Indians. There was a five-fold increase in the figure as in 2021 and 2020 the numbers were 32,845 and 44,316 respectively.
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Saudi Arabia showcases culture, heritage in India roadshow
Saudi tourism authorities and stakeholders showcased on Thursday the Kingdom’s travel potential at India’s biggest industry exhibition in their ongoing roadshow to draw visitors from the South Asian country. Since the beginning of February, the Saudi Tourism Authority has been participating in a series of travel and trade events across India, including the One World Travel Market in Mumbai and the South Asian Travel and Tourism Exchange, which runs in Noida in the Indian capital region from Feb. 9 through Feb. 11.
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ISIS Threatens to Target China, India, Iran Embassies in Afghanistan, UN Says
Islamic State militants have threatened to target Chinese, Indian, and Iranian embassies in Afghanistan in an effort to isolate the Taliban from a handful of countries it counts as diplomatic allies. The local affiliate of the Islamic State of Syria and Iraq, is attempting to “undermine the relationship between the Taliban and member states in the region,” according to United Nations report on the group’s activities. The report is expected to be discussed later Thursday at United Nations Security Council in New York.
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Russia ready to meet India’s oil needs at ‘market price’, Rosneft says
Russia was willing to meet India's oil needs at 'market price', the CEO of top Russian oil major told Reuters on Monday. In December last year, the Group of Seven, the European Union and Australia enforced a price cap on crude oil at $60 per barrel, aiming to reduce Moscow's ability to finance its war in Ukraine and preserve stability on the global oil market.
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Saudi Arabia tops India as world’s fastest growing major economy
Saudi Arabia has overtaken India as the fastest growing major economy in the world, with it’s non-oil sector growing at the fastest rate in more than one year. The kingdom’s non-oil economy grew an annual 6.2 percent during the fourth quarter of last year, the highest level since the third quarter of 2021, according to the General Authority for Statistics. The oil economy rose 6.1 percent, data released on Tuesday showed.
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Egypt’s Sisi kicks off visit to India. What can we expect?
Egyptian President Abdel Fattah el-Sisi has kicked off a three-day visit to India to shore up relations with a historic ally, as Cairo grapples with a severe economic crisis and looks east for financial relief. The two sides are expected to sign a range of agreements that include boosting trade, agriculture, technology and defence, culminating in Sisi being welcomed as a guest of honour for India's 74th Republic Day celebrations on 26 January.
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