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Kushner Flies to Jeddah, Saudi Arabia to Meet with Crown Prince Mohammed bin Salman
- August 23,2017
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- SUSTG Team
Senior advisor to President Trump Jared Kushner was in Jeddah on Tuesday as part of a US delegation that met with Saudi Arabia’s Crown Prince Mohammed bin Salman. According to reports, the US delegation also included Jason Greenblatt, special presidential representative for international negotiations, and Dina Powell, deputy national security advisor for strategy. The delegation […]
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The Next U.S. Ambassador to Saudi Arabia?
- August 22,2017
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- Lucien Zeigler
President Trump is rumored to be nearing a selection for U.S. Ambassador to Saudi Arabia, according to reports. A New York Times reporter tweeted today that Dave Urban, who ran President Trump’s surprise successful campaign in Pennsylvania in 2016, is said to be the President’s pick for the U.S. Ambassador to Saudi Arabia. The top American newspaper’s […]
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Rules Issued for Small-Scale Solar Generation in Saudi Arabia
- August 21,2017
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- SUSTG Team
Saudi Arabia has issued a regulatory framework for electricity consumers to operate their own, small-scale solar power generating systems and export unused power to the national grid, according to a Reuters report citing a government statement. The rules will come into force next July 1 and cover small photovoltaic facilities with generating capacity of no more […]
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‘Continued Improvement in Saudi Arabia’s Fiscal Position’ Seen as Revenues Increase
- August 17,2017
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- SUSTG Team
The latest quarterly budget performance report by Saudi Arabia’s Ministry of Finance showed a continued improvement in Saudi Arabia’s fiscal position, according to a recently released report by the Riyadh-based Jadwa Investment. “Due to an increase in government revenues, by 6 percent, and a drop in expenses by 1 percent, year-on-year, the fiscal deficit declined […]
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Saudi Government Says It Will Charge Offenders Accused of Spreading Hate Speech Online
- August 15,2017
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- SUSTG Team
Saudi Arabia’s Department of Public Prosecution will now have the “powers to charge offenders who are accused of spreading hate speech, creating social conflict and threatening peace and security through social media channels,” according to a Bloomberg story, which cited a government statement. The statement accompanied the “summoning” of social media users who were “called in” […]
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U.S., Saudi Forces Conduct Joint Military Exercise in Tabuk, Saudi Arabia
- August 14,2017
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- SUSTG Team
U.S. and Saudi Arabia’s ground forces on Thursday concluded a joint military exercise, translated as “Earnest Leader 2017” in Tabuk, Saudi Arabia. The exercise “aimed to develop and strengthen military relations, plans and programs between the two countries.” The joint exercise was held in the presence of Maj. Gen. Dhafer bin Ali Al-Shehri, commander of the Northwest […]
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New York Reportedly Pulls Ahead of London in Aramco Listing Race for ‘Political Considerations’; Final Decision Rests with Crown Prince Mohammed
- August 11,2017
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- SUSTG Team
Despite a report in July that Saudi Aramco’s advisers have reportedly recommended London for the historic listing of the oil company, a new report now says Saudi Arabia favors New York in part because of the strength of the U.S.-Saudi relationship. Reuters originally reported that US disclosure rules were a concern for Saudi authorities. London’s Financial Conduct Authority (FCA) has […]
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Vision 2030 Opportunities ‘Unprecedented in the Region’, HSBC Exec Says as Bank Plans Saudi Expansion
- August 9,2017
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- SUSTG Team
HSBC is planning to add staff to its Saudi Arabian operations as the kingdom embarks “on one of the biggest economic transformations attempted by any country,” the bank’s regional chief Georges Elhedery told Reuters, via the New York Times. HSBC, which started as the Hong Kong and Shanghai Bank and is now based in London, is a […]
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New Saudi Ambassador Prince Khaled bin Salman Gives Interview to Washington Post
- August 8,2017
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- SUSTG Team
Saudi Arabia’s new ambassador to Washington Prince Khaled bin Salman, son of the current king and the brother of the new crown prince, gave an interview to the Washington Post‘s Lally Weymouth last week which appeared in the newspaper today. The interview is his first as ambassador, having presented his credentials to President Trump on […]
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Saudi, UAE Crown Princes Forged Friendship on Overnight Camping Trip in the Saudi Desert Last Year, WSJ Report Says
- August 7,2017
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman and the Crown Prince of the UAE Sheikh Mohammed bin Zayed took an overnight camping trip in the Saudi desert together 18 months ago, forging a friendship that would prove to be pivotal as the two nations build on relations to take on regional challenges, the Wall Street Journal […]
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MUST-READS
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Saudis Try To Shake Image as Solar Power ‘Latecomers’: Chart
Despite having some of the best solar potential in the world, Saudi Arabia produces a tiny fraction of its electricity from the sun. The world’s biggest oil exporter is now trying to change that and last week awarded contracts to build 2,970 megawatts of solar plants --- almost as much as Greece’s capacity -- as part of a plan to generate half its power from renewables by 2030 and cut emissions by millions of tons. “We were latecomers to the game,” Energy Minister Prince Abdulaziz bin Salman said in an interview on April 8.
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Saudi Electricity Company Installs Over 10m Smart Electric Meters
Smart meters are the company’s most important project towards digital transformation, and it is the pivot for its strategy aiming to raise the standard of services for the better, according to Sudairi. Smart meters are ruggedly built devices designed to withstand temperatures ranging from as high as 75° C to as low as -10° C. They are impervious to rainwater, dust, and humidity.
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Masdar and EDF start construction work on 300MW solar plant in Saudi Arabia
The Jeddah project forms part of the second round of Saudi Arabia’s renewable energy programme, consisting of seven solar projects with a total capacity of around 1.5GW. The kingdom is aiming to reach 27.3GW of renewables capacity by 2024 and generate 50% of its energy from renewables by 2030.
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Artist Karolina Halatek connects sky and earth via beacon light installation in Saudi Arabia
The polish artist karolina halatek connects heaven and earth via ‘beacon,’ a large-scale sculptural light installation in riyadh, saudi arabia. located in al haras park in king abdulaziz historical center, the piece preserves a monumental quality yet offers a small, intimate space that viewers can enter, experiencing the work from the inside, shifting their perception, and being embraced by an unexpected and extraordinary brightness.
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Saudi startups raise $76m in the first quarter of 2021
Saudi startups raised $76 million in the first quarter of 2021, a 137.5 percent increase on the previous quarter’s fundraising total of $32 million. Entrepreneurship platform Wamda said that $396 million was raised from 125 deals in the Middle East and North Africa in the first quarter of 2021.
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Saudi Air Force concludes Aces Meet 2021 exercise with Pakistan and US counterparts
The Royal Saudi Air Force (RSAF) concluded a mixed air exercise with their US and Pakistani counterparts at the Mushaf air base in Pakistan's Punjab province, the Kingdom’s defense ministry said on Thursday. The “Aces Meet 2021” maneuvers concluded in the presence of Saudi Ambassador to Pakistan Nawaf bin Saeed Al-Maliki, the military attaché Maj. Gen. Awad bin Abdullah Al-Zahrani, and the commander of the Mushaf air base, Wing Commander Ali Naeem Zahoor.
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Saudi MoF completes $57.8bn payment orders in first quarter of 2021
The Ministry of Finance (MoF) finalized the disbursement procedures for all payment orders received from the public and private sector with a total value of SR217 billion ($57.8 billion) in the first quarter of 2021, according to a ministerial tweet. Expenditure for the public sector amounted to SR186 billion, while the same for the private sector reached SR31 billion, accounting for 99 percent of the total payments’ orders received.
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Saudi Arabian startup Gazal raises $2M to expand micromobility services
Gazal, a Saudi Arabia-based micromobility startup, has raised $2 million in a seed funding round led by angel investors and family offices. Founded in 2020, Gazal offers dockless bikes and e-scooters in cities around Saudi Arabia with the goal of reducing congestion, noise and pollution.
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Saudi FM meets Jordanian counterpart, reaffirms Riyadh’s support
Saudi Foreign Minister Faisal bin Farhan delivered a message reaffirming Saudi support for Jordan, the Jordanian foreign ministry said on Tuesday, amid frictions between the king and his half brother Prince Hamza.
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U.S. concerned by sentencing of Saudi aid worker: State Department
The aid worker, Abdulrahman al-Sadhan, was reportedly sentenced to 20 years in prison followed by a 20-year travel ban, according to a statement from State Department spokesman Ned Price. “As we have said to Saudi officials at all levels, freedom of expression should never be a punishable offense,” he said.
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