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Recent stories from sustg
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Three Killed, Six Injured in Deadly Houthi Drone Attack on UAE Capital
- January 18,2022
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- SUSTG Team
Yemen’s rebel Houthi movement said Monday it had carried out a military attack on the United Arab Emirates, attacking the airport in Abu Dhabi and an industrial area and killing three people, according to reports.
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New Podcast Explores History Behind Greg Norman’s Saudi-Backed Quest to Shake-Up Golf
- January 12,2022
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- SUSTG Team
A new podcast from Golf Digest focuses on the history behind Greg Norman’s quest to shake up the sport of golf, backed by the Saudi Arabia Public Investment Fund’s LIV Golf Investments.
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Al Attiyah Keeps Sizable Lead in Dakar Rally; Saudi Officials Find ‘No Criminal Suspicions’ in Last Week’s Blast
- January 10,2022
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- SUSTG Team
Qatar’s Nasser Al-Attiyah kept a sizable lead going in the Dakar Rally as it enters its second week, as Sebastien Loeb moved back into second place with a stage victory at the start of week two in Saudi Arabia on Sunday, according to Reuters.
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Saudi Arabia’s Pension Fund Says it Hit Returns of 14% as it Reveals Finances for First Time – Report
- January 4,2022
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- SUSTG Team
The investment arm of Saudi Arabia’s General Organization for Social Insurance, the Kingdom’s pension fund, said it delivered returns of over 14% last year, as markets globally experienced strong growth, according to a report in Bloomberg.
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The 966 Episode 19: Saudi Arabia’s ‘Nitaqat’ Reforms and Doing Business in Riyadh with Guest Chris Johnson
- December 31,2021
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- SUSTG Team
Episode 19 of The 966 weekly podcast with special guest Chris Johnson, managing attorney, Johnson & Pump and Chairman, MECACC & KKR Saudi Arabia. Chris is a resident of Riyadh and, along with his legal work, publishes a terrific weekly newsletter. The hosts and Chris discuss a handful of topics including Nitaqat in Saudi Arabia, […]
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Saudi Arabia’s PIF to Purchase Italy’s Financially-Distressed Inter Milan FC – Report
- December 29,2021
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) is in the final stages of acquiring a majority stake in one of Italy’s top football clubs, Inter Milan, according to reports.
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Saudi Energy Minister Warns of ‘Dangerous’ Energy Crises with Reduced Investment in Production
- December 14,2021
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- SUSTG Team
Saudi Arabia’s energy minister Prince Abdulaziz bin Salman al-Saud said on Monday that oil markets could face a dangerous period marked by undersupply and volatility if the world reduces investments in exploration and drilling, according to reports.
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Saudi Government Reacts to Potential Omicron Variant Threat, Blocks Travel from 18 Countries
- November 29,2021
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- SUSTG Team
Saudi Arabia, whose proactive and comprehensive response to the Coronavirus pandemic that started in 2020 placed the Kingdom in an enviable position globally as new daily cases remain under 100 since September, is taking initial precautionary measures to the new potential threat of the Omicron variant, according to reports.
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Saudi Approach to Pandemic a ‘Model to the World’; Challenges and Opportunities in Kingdom’s Healthcare Sector
- November 23,2021
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- SUSTG Team
Saudi Arabia has all but defeated the Coronavirus pandemic within its borders. New cases in Saudi Arabia have remained below the 100 mark since mid-September, making the Kingdom the envy of most other countries who are struggling to keep the virus under control. A new report from Jadwa Investment highlights how Saudi Arabia’s approach to dealing […]
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The 966 E12: The Price of Oil in 2022, Redefining Saudi Citizenship, and Two New Mega-Developments in Saudi Arabia
- November 19,2021
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- SUSTG Team
In Episode 12 of The 966, the hosts tackle a recent oil price prediction from the IEA, a new Saudi Royal Decree that grants citizenship to “exceptional” people, and discuss the two newly announced mega-developments in Saudi Arabia and how they stack in comparison to the other mega- and giga-projects in the Kingdom.
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MUST-READS
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U.S. Special Envoy Lenderking’s Travel to Oman and Saudi Arabia
In Oman and Saudi Arabia, Special Envoy Lenderking met with counterparts to discuss the need to stop Houthi attacks in the Red Sea. These attacks continue to endanger the lives of civilian mariners, harm economies in the region and raise barriers to the delivery of critical humanitarian assistance to Yemenis and those in need across the region. The Special Envoy emphasized steps to counter Houthi attacks, including identifying and interdicting illicit goods and weapons from Iran and deterring Houthi cooperation with malign regional and international actors.
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US court grants ‘first of its kind’ compensation to Abu Ghraib victims
A US court has ordered an American military contractor to pay 42M USD in compensation to three Iraqi detainees tortured at the infamous Abu Ghraib prison in 2003-4. The long-running and widely covered case detailed severe physical and psychological abuse against the plaintiffs. Coming after a 16-year legal battle, observers are divided over whether the verdict will lead to broader accountability for abuses carried out by the US military and its allies.
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Israel and Lebanon’s Hezbollah start a ceasefire after nearly 14 months of fighting
The ceasefire calls for an initial two-month halt to fighting and requires Hezbollah to end its armed presence in southern Lebanon, while Israeli troops are to return to their side of the border. Thousands of additional Lebanese troopsand U.N. peacekeepers would deploy in the south, and an international panel headed by the United States would monitor compliance. The ceasefire began at 4 a.m. Wednesday, a day after Israel carried out its most intense wave of airstrikes in Beirut since the start of the conflict that in recent weeks turned into all-out war. At least 42 people were killed in strikes across the country, according to local authorities. The ceasefire does not address the devastating war in Gaza, where Hamas is still holding dozens of hostages and the conflict is more intractable.
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Arwa Damon: Gaza’s Wounds
I am Syrian-American. I grew up in a very cross-cultural household, I always like to say our breakfast being both labneh and zaatar and blueberry pancakes. I felt as if I needed to go into journalism to try to explain people to each other. I ended up in Iraq, and I basically almost never left covering conflict, or humanitarian crises, or just people. The dynamics of the wars themselves are always very different. The mechanics of the war are always very different. But there are these core similarities that transcend the borders and the regions from Afghanistan to Iraq to Sudan, to you name it, and that is the way that war and violence and loss and pain scars a person—scars a child.
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Ceasefire in place, Biden signals optimism for broader Middle East peace
Biden said the military diminishment of Hezbollah will put pressure on Hamas to return Israeli hostages, and to reach their own ceasefire agreement with Israel—potentially opening the door for a long-term peace and a Palestinian State. Capitulation by Hamas, which the White House says is more likely without military support from Hezbollah, would “bring an end to the fighting, which would make possible a surge of humanitarian relief. Over the coming days, the United States will make another push for Turkey, Egypt, Qatar, Israel, and others to achieve a ceasefire in Gaza, for the hostage release, and the end of the war without Hamas in power.”
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Could Riyadh Air’s brand help Saudi Arabia take off?
A strong national brand can be used as the basis for attracting inward investment, talented foreign workers and international tourists. Countries such as the US and the UK have long relied on established branding strategies, while others such as South Korea and Japan have launched initiatives such as ”Hallyu” (the Korean Wave) and ”Cool Japan” to global acclaim. As Qatar Airways and Emirates demonstrate, regional airlines have an outsize role to play in nation-branding. A lot is therefore riding on the soon-to-be-launched Saudi carrier Riyadh Air and its brand. Sports will be a major component of Riyadh Air’s proposition. The airline has signed shirt sponsorship and stadium naming rights deals with Spain’s Atletico Madrid. This initial branding effort signals a desire to compete directly with Emirates’ Real Madrid partnership, showcasing a bold and disruptive positioning.
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History To Be Made With Record Number Of Saudi Players Competing At Pif Saudi International
Othman Almulla, Faisal Salhab, Saud Al Sharif, Khalid Walid Attieh and Shergo Al Kurdi will take part in the competition, marking a groundbreaking moment for Saudi golf on a global stage. Almulla, Saudi Arabia’s first professional golfer, has paved the way for the games growth in the Kingdom and remains a key ambassador for the sport. Before turning professional in 2019, he became the first Saudi golfer to win the Qatar Open and qualify for two professional events, the 2007 Dubai Desert Classic and the 2008 Qatar Masters. This record-breaking participation highlights the growing strength of Saudi golfers, who will be competing alongside global superstars such as Bubba Watson, Sergio Garcia, Dustin Johnson, Tyrrell Hatton, Charl Schwartzel and Louis Oosthuizen, reflecting one of Saudi Arabia’s Vision 2030 goals, which aims to establish the Kingdom as a global golf destination.
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Perspective: Is Saudi Arabia’s Opening Like China’s? Yes and No
Foreign fund managers have likened Saudi Arabia’s 2016 opening to China’s. I don’t think that’s quite fair, because Saudi is already a developed country in terms of infrastructure. Its roads are well-built and its malls are full of American chain stores – nothing like the 1980s China I knew. What we saw was an open, friendly nation that welcomed visitors. We blended in as well as any foreigners would in Abu Dhabi or Dubai, and we didn’t spot the much-feared religious police. In Medina, we accidentally roamed into the courtyard of the Prophet’s Mosque, not knowing that it was for Muslims only. When a policeman asked us to leave, his tone was apologetic.
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Joy Awards: MENA’s biggest awards show set to return to Saudi Arabia’s Riyadh
Saudi Arabia’s General Entertainment Authority (GEA) announced on Tuesday the return of Joy Awards for its highly anticipated fifth edition with nominations for all categories now open. The region’s largest celebrity awards show – part of Riyadh Season and co-organized by MBC Group – will take place on January 18, 2025. The award show recognizes and honors the GCC and wider Arab world’s best artists and their achievements. Spanning cinema, television, music, sports, and digital influence, the ceremony serves as a premier platform for entertainment excellence, honoring the exceptional talent that drives cultural vibrancy and standout creativity throughout the Middle East and North Africa (MENA) region.
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Huge deal struck but is it enough? 5 takeaways from a dramatic COP29
COP29 is over, with developing countries complaining that the $300bn (about £240bn) a year in climate finance they will receive by 2035 is a "paltry sum". Many of the rich country voices at the UN's climate conference were amazed that developing nations were unhappy with what on the surface seems a huge settlement. It is an improvement - on the current contribution of $100bn (£79.8bn) a year. However, the developing world, which had pushed for more, had many genuine issues with the final sum. Ultimately, the developing world was compelled to accept it, with many rich countries pointing to next year's arrival of President Donald Trump, a known climate sceptic, and arguing that they would not get a better deal.
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