But 23 years after 9/11, the Taliban hold sway. Their fundamentalist interpretation of Islamic doctrines is the law of the land. Their draconian edicts once more asphyxiate Afghanistan society. And Afghan women, as they were a generation ago, are yet again thwarted from school, restricted in all they can do and banned from revealing their faces and even their voices in public.
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Saudi tops S&P Global Survey of Middle East and Africa’s 30 largest banks
- April 27,2023
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- SUSTG Team
S&P Global’s latest ranking of the top 30 Middle Eastern and African banks by total assets finds Saudi institutions leading in both total numbers and total assets.
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President Biden thanks Saudi Arabia as Kingdom Plays Key Role in Sudan Evacuations
- April 24,2023
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- SUSTG Team
Saudi Arabia hosted more than 150 people from various nations who were evacuated from war-torn Sudan, including from the United States, according to reports.
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Talking tech in the MENA with MEI’s Mohammed Soliman, King Salman Park in Riyadh, Saudi’s growing soccer league, and much more…
- April 21,2023
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- SUSTG Team
Eid Fitr Mubarak! In Episode 84, Mohammed Soliman, the director of the Middle East Institute’s Strategic Technologies and Cyber Security Program and a Manager at McLarty Associates’ Middle East and North Africa Practice, joins The 966. Mohammed’s work focuses on the intersection of technology, geopolitics, and business in the Middle East and North Africa (MENA). […]
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Iran and Saudi open embassies as thaw continues, U.S.-Saudi diplomacy evolves, and much more
- April 14,2023
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- SUSTG Team
In Episode 82, the 966 hosts fly solo and discuss some of the top developments of late on Saudi Arabia – and there are a lot of them. First, the hosts discuss Richard’s One Big Thing, which is the readout of the recent call between the U.S. National Security Advisor, Jake Sullivan, and Saudi Arabia’s […]
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Saudi Arabia Condemns Israeli Attack on Mosque, Following Developments with ‘Great Concern’ – Reports
- April 5,2023
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- SUSTG Team
Saudi Arabia on Wednesday condemned Israeli police’s “blatant” attacks on worshipers inside the al-Aqsa Mosque in Jerusalem during the Islamic holy month of Ramadan, after viral video showed Israeli forces beating worshippers inside the mosque.
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Challenges Remain for Investment into Saudi Arabia as FDI Falls 60% in 2022
- April 4,2023
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- SUSTG Team
Foreign direct investment (FDI) into Saudi Arabia fell by almost 60% in 2022, the first annual drop in five years and the second largest drop in more than 15 years, according to new data.
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Hot Gulf Region IPO Market Draws Global Attention — FT
- March 28,2023
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- SUSTG Team
The Middle East North Africa (MENA) region saw 51 IPOs last year, raising $22bn, a 179% increase on 2021, a report in the Financial Times said, citing the advisory firm EY.
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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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Saudi Astronauts Meet with HRH Ambassador Reema bint Bandar; Set to Conduct Cloud-Seeding Experiments in Space
- March 22,2023
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- SUSTG Team
Two Saudi astronauts who are heading to the International Space Station met this week with HRH Princess Reema bint Bandar Al-Saud, Saudi Arabia’s Ambassador to the United States, who shared a photo of the meeting on social media.
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White House and Embassy of Saudi Arabia release statements lauding ‘landmark’ purchase of Boeing aircraft
- March 15,2023
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- SUSTG Team
White House Press Secretary Karine Jean noted that the agreements will anchor Saudi Arabia’s new international airline together with support for a new international airport. The partnership is another milestone in eight decades of cooperation between Saudi Arabia.
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MUST-READS
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After Netflix debut, banned Indian film sparks furor on Saudi social media
An Indian film depicting the true story of a migrant worker caught in miserable conditions in Saudi Arabia is sparking an uproar in Gulf Arab states. Critics say the production tarnishes the Kingdom’s image, while others see a stark portrayal of rights abuses that migrant workers allegedly face. The controversy comes as Riyadh moves to rebrand itself under its ambitious Vision 2030 economic diversification agenda.
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Afghan women endure draconian Taliban, 23 years after 9/11
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Saudi Central Bank to enable Samsung Pay service in Q4 2024
SAMA explained that this step affirms its ongoing efforts to strengthen the digital payments system in the Kingdom, aligning with the Financial Sector Development Program’s (FSDP) objectives, a key initiative of Vision 2030.
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NEO, a new mobile banking brand, is being launched in Saudi Arabia by Saudi National Bank (SNB).
Described as a “lifestyle digital banking and financial ecosystem”, the banking app comes with a multi-currency debit card (supporting up to 20 different currencies with fixed currency rates); a rewards programme, including cashback and discounts; gift cards; and additional services such as cinema, restaurant and hotel bookings.
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Saudi Arabia’s digital bank ‘D360’ to launch tomorrow
D360, a digital bank, is scheduled to be officially launched in Saudi Arabia on Sept. 3, on the sidelines of the 24 Fintech conference in Riyadh, which will run from Sept. 3 to 5, according to Al Eqtisadiah newspaper. In February 2022, the Saudi Cabinet approved the Minister of Finance, Mohammed Al-Jadaan, to issue a license to the local digital bank - D360 Bank (under established) – in line with Article No. 3 of the Banking Control Law, data compiled by Argaam showed
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How Riyadh’s new King Salman Park will provide an urban haven for flora and fauna
Scheduled to open in 2025, King Salman Park is set to become the largest of its kind in the world, covering about 16.6 sq. km. As a flagship initiative of Saudi Vision 2030, it will not only expand the city’s green spaces, but also enhance quality of life. “King Salman Park is set to redefine Riyadh’s urban landscape,” Khaled Al-Ojyan, an architect with Green Riyadh, told Arab News. “This ambitious project aligns perfectly with Vision 2030, transforming the city into a more sustainable, vibrant and green environment.”
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Torrential rains trigger urban flooding in Saudi Arabia
Saudi Arabia was struck by thunderstorms and flash flooding on most of its Red Sea on Friday with footages on social media showing roads inundated and cars stranded in floodwater, according to The National. The rains are expected to last until Tuesday prompting the directorate to urge the citizens to remain on alert and adhere to safety guidelines issued through media as per the Saudi Gazette.
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Saudi banks’ T-bond investments fall to SAR 561.3B in July
Saudi banks’ investments in treasury bonds declined by about SAR 1.9 billion month-on-month (MoM) to SAR 561.3 billion in July, data from the Saudi Central Bank (SAMA) showed.
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Israel kills a top militant in its deadliest West Bank raids since the Gaza war began
Israel says the raids across the northern West Bank — which have killed a total of 16 people, nearly all militants, since late Tuesday — are aimed at preventing attacks. The Palestinians see them as a widening of the war in Gaza and an effort to perpetuate Israel’s decades-long military rule over the territory.
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UAE recognizes Taliban envoy as realism increasingly drives foreign policy
The United Arab Emirates (UAE) has accepted the credentials of a Taliban diplomat as ambassador of Afghanistan. The move is a shift in Abu Dhabi’s approach to Taliban rule, which it has yet to recognize. Hailed by Taliban supporters as furthering the group’s international legitimacy, observers see the measure as reflecting rising realism in Emirati foreign policy.
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