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$1.4b in Defense Contracts Approved by State Department as Senate Eyes Debate
- June 6,2017
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- SUSTG Team
The U.S. State Department has approved the potential sale of more than $1.4 billion worth of military training and equipment for Saudi Arabia, the Pentagon said on Monday, the first fraction of a $110 billion arms deal U.S. President Donald Trump agreed to with Saudi Arabia when he visited in May. The announcement by the State […]
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Jadwa Investment Data Shows ‘Mildly Improving Picture’ for Saudi Economy
- June 5,2017
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- SUSTG Team
Riyadh-based Jadwa Investment’s recently released Economic Chartbook for the month of April finds data continues to “show a mildly improving picture,” according to Fahad Alturki, Jadwa’s Chief Economist. “Economic data continues to show a mildly improving picture in April. POS transactions jumped 11.4 percent, year-on-year, and although ATM withdrawals remain negative year-on-year, they showed an […]
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Gulf Spat Following President Trump’s Visit to Saudi Arabia Tests GCC Unity
- May 31,2017
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- SUSTG Team
Tensions continue to run high for a sixth straight day in the GCC between Saudi Arabia and Qatar regarding relations with regional rival Iran, according to reports. Despite a strong show of unity for the recent visit of President Trump to the Kingdom, “[t]ensions in the Gulf were laid open for a sixth day, with […]
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Deputy Crown Prince Mohammed bin Salman in Moscow to Meet with Russian President Vladimir Putin
- May 30,2017
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- SUSTG Team
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman and Russian President Vladimir Putin met today in Moscow as the Kingdom and Russia work together on oil production cuts, Reuters reports. Russia and Saudi Arabia played key roles in a successful global deal which saw oil production curtailed by 1.8 million barrels per day as part of […]
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New Video Shows How Riyadh Metro Will Transform Saudi Capital
- May 26,2017
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- SUSTG Team
Riyadh’s new metro project is already transforming the face of the city, and will change how its citizens get around in the Saudi capital. There is no large-scale public transportation system currently in place in the city, and the city’s traffic situation reflects this reality. A new graphical video released on YouTube by The Business […]
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VAT Draft to Hit General Authority of Zakat and Tax in ‘Weeks’
- May 25,2017
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- SUSTG Team
Saudi Arabia’s General Authority of Zakat and Tax will publish the value-added tax (VAT) draft on its electronic portal within the next two weeks, Reuters reports, citing local media reported. The General Authority for Zakat and Tax announced on Sunday that the implementation of 5% VAT starting January 2018 “will have no exceptions.” This 5% […]
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New Life for the 15 Year Old Abdullah Arab Peace Initiative?
- May 24,2017
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- SUSTG Team
At a summit in Beirut in March 2002, then-Saudi Crown Prince Abdullah unveiled an initiative to achieve peace between Israelis and Palestianians. The Arab Peace Initiative set out a comprehensive proposal calling for full Israeli withdrawal from all the Arab territories occupied since June 1967, Israel’s acceptance of an independent Palestinian state with East Jerusalem as […]
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Counting The US-Saudi Deals: A Look at What We Know So Far following President Trump’s Visit to Saudi Arabia
- May 23,2017
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- SUSTG Team
Bloomberg and naturalgasintel.com feature a thorough rundown of all of the deals that were announced during the recent visit by President Donald Trump to Saudi Arabia. While the total remains unknown, the deals are estimated to be valued between $300 and $400 billion. Aerospace, Arms and Defense – $110 billion U.S. Department of Defense and Saudi […]
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Following President Trump’s Visit, U.S.-Saudi Business and Diplomatic Ties Reach New Heights
- May 22,2017
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- SUSTG Team
The two-day visit by President Trump and top members of his family and staff to Riyadh, Saudi Arabia marks a new height in the history of U.S.-Saudi diplomatic and business relations as the warm Saudi embrace of President Trump was on full display in the Kingdom. President Trump’s visit amounted to a bonanza for large, established American companies […]
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Flurry of Business Activity in Riyadh as SoftBank To Launch $100 billion Fund during President Trump’s Visit, One of Many Deals Slated for Busy Weekend
- May 19,2017
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- SUSTG Team
Japan’s richest man and Softbank CEO Masayoshi Son will travel to Saudi Arabia and announce the close of the first fundraising round for what will be the world’s biggest private equity fund, backed by Saudi Arabia’s sovereign wealth fund and Apple Inc., according to a Reuters report. The expected launch of the $100 billion Vision Fund […]
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Prince Saud bin Talal Launches First Hydrogen-Powered Bus in Saudi Arabia
Al-Ahsa Governor Prince Saud bin Talal bin Badr on Thursday inaugurated the trial of the first hydrogen-powered bus in Saudi Arabia. The bus boasts the ability to travel up to 635 kilometers on a single charge and has a capacity of 45 passengers. It will connect the city of Dammam with Al-Ahsa Governorate, covering a total distance of 359 kilometers daily as part of intercity transportation services operated by SATCO, a licensed company in the southern concession area.
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British Boxer Ramla Ali Launches Production Company 786 Entertainment With Backing From Saudi Prince
British boxer, model and campaign activist Ramla Ali is launching film and TV production company 786 Entertainment, which has the backing of Saudi Prince Faisal Al Saud. Olympic boxer Ali, who moved to England in 1989 as a refugee from the Somali Civil War, was one of Time Magazine’s 2023 Women of the Year. She is now launching 786 Entertainment with her husband, manager and former coach, Richard A. Moore, and Saudi-owned Vainqueur Family Group. Moore has previously produced sports docs Fighting For A City and Being AP. The Vainqueur Family Group is headed up by Prince Faisal’s business partner, Bilal Nasser.
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Imax CEO Richard Gelfond on Launching the Company’s First Arabic Film and Expanding Its Footprint in Saudi Arabia and the MENA Region
In what amounts to a milestone for the Middle East, Imax has announced plans to release its first-ever Arabic-language feature film. It’s a comedy titled “Ambulance” led by Saudi star Ibrahim Hajjaj, whose 2023 wrestling movie “Sattar”is Saudi Arabia‘s highest grossing local title. The announcement was made by Imax CEO Richard Gelfond during the grand opening on Wednesday of a new Imax theater in the Saudi city of Jeddah, which featured screenings of “Gladiator II” and “Moana 2.” The event took place on the eve of the Red Sea Film Festival, which will open Thursday with Gelfond in attendance.
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2024 PIF Saudi International final results: Prize money payout, leaderboard and how much each Asian Tour golfer won
The 2024 PIF Saudi International final leaderboard is headed by winner Joaquin Niemann, who topped the Asian Tour leaderboard this week with a win at Riyadh Golf Club in Riyadh, Saudi Arabia. Niemann earned the win to take the final International Series title of 2024, winning with a birdie on the second hole of a sudden-death playoff against Cam Smith and Caleb Surratt after all three finished regulation on 21-under 263.
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List of Saudi Players Who Played Professionally Abroad
The professional experience of Saudi players abroad is a national project aimed at developing and nurturing Saudi talents in football by engaging with European football. This initiative enhances the ability to supply the Saudi national teams with these stars, while also opening opportunities for players to join European teams. The professional experience of Saudi players abroad has gone through important phases, some of which were individual, while others were collective, until it became a national program dedicated to football talents in the Kingdom. Through this program, players are prepared professionally and scientifically. Many players have played professionally abroad since the start of professional football in the Kingdom.
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UK’s Starmer to Push for Stronger Ties With UAE, Saudi Arabia in First Gulf Visit
British Prime Minister Keir Starmer will begin a multi-day visit to the Gulf on Sunday, his first trip to the region since taking office, seeking stronger economic and defence ties with the United Arab Emirates and Saudi Arabia. He will aim to boost investment and deepen defence and security partnerships, the government said in a statement on Saturday, describing the two Middle Eastern countries as "some of the UK's most vital modern-day partners." Starmer, elected to lead the world's sixth-largest economy in July, will arrive in the UAE on Sunday, where he is due to hold talks with President Sheikh Mohamed bin Zayed Al Nahyan on Monday. He will fly to Saudi Arabia later on Monday to meet Crown Prince Mohammed bin Salman.
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How Russia Could Maintain a Foothold in Syria
The stunning downfall of Syrian President Bashar al-Assad leaves not merely a vacuum of power in that country but a nearly endless list of unanswered questions. One of the most significant concerns the fate and future of the minority Alawite community, from which Assad and his inner circle hailed. The Assad dictatorship began when Bashar’s father, Hafez, seized control of the country in 1970. The government that Bashar inherited upon his father’s death in 2000 was nominally Baathist, a socialist and pan-Arab ideology, but the heart of the regime has always been—and, more important, perceived as—a communal Alawite project at the expense of the Syrian Sunni majority. What happens to that community now will say a great deal about whether post-Assad Syria coheres into a stable, pluralistic nation—or descends into further sectarian chaos.
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Apple announces Apple Retail expansion in the Kingdom of Saudi Arabia
Apple today announced plans to expand in the Kingdom of Saudi Arabia, starting with the launch of the Apple Store online in summer 2025. The online store will bring customers across Saudi Arabia new ways to shop Apple’s full range of products, with exceptional service and support directly from Apple in Arabic for the very first time. Starting in 2026, Apple will begin opening the first of several flagship Apple Store locations in Saudi Arabia. These retail stores will offer customers in the country even more ways to connect with Apple’s knowledgable team members and find the perfect products and services. As part of this expansion, Apple is in the initial stages of planning an iconic retail store coming to Diriyah, a UNESCO World Heritage site.
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Saudi designer finds inspiration in AlUla’s history
In AlUla, a region rich in history and natural splendor, young Saudi designer Wejdan Al-Faqiri finds her muse. Drawing from the unique essence of her surroundings, she crafts designs that echo heritage and embody the region’s identity. Al-Faqiri’s venture into clothing design stems from her deep appreciation for AlUla's details, evident in her creations and her love for handicrafts, according to a Saudi Press Agency report. Recognizing the potential in AlUla’s scenic beauty, such as rock formations and date palms, and historical sites, including ruins, Al-Faqiri translates these elements into products that narrate the essence and long-standing stories of the region.
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New KAUST president: In Saudi Arabia, the possibilities are even greater
Possibly the most exciting thing happening in Saudi Arabia at the moment is the energy generated by its youthful population, which is fully engaged in transforming the nation. Some two-thirds of Saudi Arabians are under 35 years of age, and there is a huge appetite for tertiary education, and the acquisition of the skill set the nation needs for its transformation. The work ethic of young people of all genders is high, and the energy manifested in the country's transformation is very impressive indeed. Why did I come to KAUST? For those unfamiliar with its journey, KAUST is an extraordinary university. Only 15 years old, it was endowed with significant resources by the late King Abdullah, with the mission to develop one of the world’s leading research-intensive universities in Saudi Arabia, using Caltech as a model. Its success has been remarkable. KAUST has attracted an international faculty, boasting a citation rate per faculty member that leads the world, along with outstanding students.
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