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Saudi Arabia Begins Construction on Lucid Motors Plant; Three to be Built in Kingdom
- May 26,2022
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- SUSTG Team
Workers have already broken ground on the future site of a Lucid motors plant in Saudi Arabia, Khalid al-Falih said during a panel at the World Economic Forum meeting in Davos this week.
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Total Saudi Government Revenue in Q1 2022 Up 36%, with Oil Revenue Up 58% – Jadwa Investment
- May 18,2022
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- SUSTG Team
Jadwa Investment’s recently-released report on the Saudi economy highlights the strong economic situation the Kingdom is in through the start of 2022, as higher oil prices and a growing non-oil sector continue to power growth in the Arab world’s largest economy.
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New Rules Build on Saudi Efforts to Eliminate Use of Islamic Charities for Extremist Funding
- April 21,2022
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- SUSTG Team
New rules from the Saudi government have been put in place to make it harder for charities in Saudi Arabia to become donators to extremists causes both inside and outside of the Kingdom, according to a report. The Saudi Public Prosecution has banned the establishment of private websites to collect donations for charitable work outside the kingdom, in […]
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In Speech, Head of Yemen’s New Presidential Council Rashad Al-Alimi Pledges Peace
- April 11,2022
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- SUSTG Team
The head of Yemen’s new presidential council Rashad Al-Alimi said on Friday he would end the war with a commitment to a peace process, in his first speech since power was delegated to the body by the Saudi-backed president this week, according to Reuters.
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Venture capitalist Amjad Ahmad joins The 966 to talk about Saudi Arabia’s startup ecosystem
- April 6,2022
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- SUSTG Team
The Kingdom’s nascent startup ecosystem is growing in nearly every metric, but is still in its early stages. How can Saudi Arabia continue to develop it so that it stands on its own? Amjad Ahmad, managing partner of the VC firm Precinct Partners and director and resident senior fellow of empowerME at the Atlantic Council’s […]
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President Biden Praises Saudi Efforts Toward Peace in Yemen; Two-Month Ceasefire Begins
- April 4,2022
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- SUSTG Team
A UN-brokered two-month ceasefire in Yemen began on Sunday with warring parties agreeing to avoid conflict as the Holy Month of Ramadan begins, with President Biden praising Saudi Arabia’s diplomatic efforts in a statement.
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Saudi Arabia Qualifies for the World Cup in Qatar after Australia Loss
- March 24,2022
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- SUSTG Team
Saudi Arabia has qualified for the World Cup in Qatar from Asia Group B after Australia lost to Japan 2-0 in Sydney, according to the Associated Press. With that win, Japan was on top of the group with 21 points, two ahead of Saudi Arabia before it faced China later Thursday.
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Biden White House Supplies Saudi Arabia with ‘Urgent’ Patriot Missile Request, Condemns Houthi Attacks
- March 21,2022
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- SUSTG Team
The Biden administration has transferred a “significant number of Patriot antimissile interceptors to Saudi Arabia within the past month,” the Wall Street Journal reports, fulfilling an “urgent request for a resupply” by Saudi Arabia.
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Saudi Women Cheer Kingdom’s New Personal Status Law
- March 10,2022
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- SUSTG Team
Saudi Arabia’s new personal status law which will further empower Saudi women will be enacted within 90 days, Saudi Arabia’s Crown Prince Mohammed bin Salman said, noting that it was “comprehensive in addressing all the problems that the family and women were suffering from.”
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Latest Jadwa Chartbook: Saudi Investors Unfazed So Far on Russian Invasion; Consumer Spending Climbs
- March 2,2022
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- SUSTG Team
The latest edition of the monthly chartbook from Jadwa Investment found some encouraging data points on the Saudi economy, as observers of the Kingdom look for a strong year of growth in 2022.
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MUST-READS
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Crypto CurrencyU.A.E. Token Sales Make It a Global Crypto Capital, Passing U.S.
Coming from way behind, the United Arab Emirates has just emerged as the world’s capital for sales of digital tokens, accounting for more than a fourth of all funds raised in offerings this year through early April, according to CoinSchedule.
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U.S.-Saudi Security RelationshipThe Yemen Resolution and the Historical U.S.-Saudi Security Relationship
In the current dispute, Congress is leveraging several old tools for influencing security policy—including opposition to arms sales under the AECA and restrictions on foreign assistance—and previously unused tools, such as the War Powers Resolution.
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Strait of HormuzStrait of Hormuz: Oil ‘choke point’ in focus as U.S. ends Iran waivers
Around 18.5 million barrels a day of crude and refined products moved through it in 2016, nearly a third of all seaborne-traded oil and almost 20% of all oil produced globally, according to the U.S. Energy Information Administration. That makes the Strait of Hormuz the world’s most sensitive oil transportation choke point.
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IranIran Names Fiery Chief to Lead Elite Force Targeted by U.S.
Supreme Leader Ayatollah Ali Khamenei appointed General Hossein Salami, 58, to replace General Mohammad Ali Jafari, according to a decree. Salami’s fiery speeches during Friday prayers are among his hallmarks. No reason was given for Jafari’s replacement after more than a decade at the Guards’ helm.
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Iran SanctionsSaudi Arabia welcomes U.S. move to end all Iran sanction waivers
Saudi Arabia’s foreign minister on Tuesday welcomed a U.S. decision to end all Iran sanction waivers by May, saying it was a necessary step to halt Tehran’s “destabilizing” policy in the region.
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Oil MarketsSaudis Said to Plan Cautious Response to U.S. Action on Iran Oil
Saudi Arabia is ready to boost oil production in response to tighter U.S. sanctions on Iran, but doesn’t plan any radical moves. The world’s largest crude exporter wants to see a decline in Iranian shipments before boosting output significantly, according to people familiar with policy deliberations in Riyadh.
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LibyaU.S., Russia say cannot support a U.N. call for Libya truce: diplomats
The United States and Russia both said on Thursday they could not support a United Nations Security Council resolution calling for a ceasefire in Libya at this time, diplomats said, as mortar bombs crashed down on a suburb of the Libyan capital, Tripoli.
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TurkeyTurkey looking at new trade mechanisms with Iran to avoid U.S. sanctions
Foreign Minister Mevlut Cavusoglu said on Wednesday Turkey is looking into establishing new trade mechanisms with Iran, like the INSTEX system set up by European countries to avoid U.S. sanctions reimposed last year on exports of Iranian oil.
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Oil MarketsU.S. Gulf Gets Least Crude in Decades as Iraqi Imports Dive
The U.S. Gulf Coast imported the least amount of crude in nearly three decades as shipments from Iraq plummeted and congestion lingered on a critical waterway weeks after a blaze and chemical spill at the Intercontinental Terminals Co. tank farm.
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Reema Bint BandarA royal oath: Saudi princess officially becomes female ambassador to U.S.
Al Saud took the oath to represent her country in the U.S. at a time when a record number of women are being appointed in high-rank official roles.
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