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Council of Economic and Development Affairs Approves Over 130 Reforms to Evolve Saudi Arabia’s Economy
- March 23,2016
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- SUSTG Team
Saudi Arabia’s most influential economic policy-making body has approved 133 recommendations on improving the competitiveness of the Kingdom’s economy, which will be announced within the next six months. Saudi Arabia’s Council of Economic and Development Affairs (CEDA) – the main economic policy making agency which includes 22 key ministers and his chaired by Deputy Crown […]
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In Bid to Boost Transparency, Saudi Regulators Require International Banks to Disclose Financial Statements
- March 21,2016
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- SUSTG Team
Saudi Arabia’s Capital Markets Authority (CMA) is instructing international banks to publicly disclose financial statements for the first time as the kingdom seeks to boost transparency, according to a report in Bloomberg. The Bloomberg report says that companies under the regulation of the CMA in Saudi Arabia must publish the financial information on their websites […]
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Washington Welcomes Saudi Move to Wind Down Yemen Campaign
- March 18,2016
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- SUSTG Team
Saudi Arabia has said its military coalition will scale back operations against the Iranian-backed Houthis in Yemen, according to reports. Brigadier General Ahmed al-Assiri told AFP in an exclusive interview that the coalition is, “in the end of the major combat phase.” “We would welcome and do welcome” that statement, White House spokesman Josh Earnest […]
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Obama to Visit Saudi Arabia in Wake of Heated Debate Regarding U.S. Middle East Policy
- March 17,2016
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- Lucien Zeigler
U.S. President Barack Obama will visit Saudi Arabia in April, his third time visiting Saudi Arabia while president. In September 2015, Saudi Arabia’s King Salman visited the United States with his son and Deputy Crown Prince and Minister of Defense Mohammed bin Salman. And, last spring, Obama invited the Saudis and other Persian Gulf Arab […]
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Surge in Flights from Saudi Airports as Kingdom’s Aviation Sector Booms
- March 15,2016
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- Lucien Zeigler
Saudi Arabia’s airports have seen a “substantial growth in international traffic” as the number of international flight services from the Kingdom’s airport surges 50% since last year. The number of international flight services from the domestic airports jumped by 51.5 percent to 26,361 at the end of 2015 from 17,405 in 2014, according to a […]
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NYT Report Documents Former Ambassador Al-Jubeir Efforts to Enlist U.S. Support for Saudi Campaign in Yemen
- March 14,2016
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- Lucien Zeigler
A New York Times report by Mark Mazetti and Eric Schmitt sheds light on Saudi Arabia’s efforts to enlist the Obama Administration’s support for taking military action in Yemen last year. The decision to support Saudi Arabia came after two days of meetings in March 2015 between then-Ambassador to the United States Adel Al-Jubeir and top officials in the […]
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Secretary Kerry Makes Second Trip to Saudi Arabia in 2016
- March 11,2016
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- Lucien Zeigler
Secretary of State John Kerry is en route to Saudi Arabia now for his second visit to the Kingdom since the start of 2016. Secretary of State John Kerry will travel March 11 to Hafar al Batin, Saudi Arabia to meet with senior government officials to discuss a variety of topics, including efforts to resolve […]
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Saudi Arabia’s Ambassador to the U.S. Prince Abdullah Al-Saud Writes in Huffington Post
- March 10,2016
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- SUSTG Team
Saudi Arabia’s Ambassador to the United States Prince Abdullah bin Faisal bin Turki Al-Saud has written his first op-ed since his arrival in Washington. The post, “Confronting Extremism,” was published in the Huffington Post. “Extremism, especially violent extremism, is a scourge on the planet. Those who promote extremist ideologies or sponsor acts of violence in […]
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Construction Payment Delays Draw International Attention, Report Says
- March 8,2016
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- SUSTG Team
Foreign governments are pressing both government authorities and company executives in Saudi Arabia “to ensure that local construction firms make delayed salary payments to thousands of workers, a sign of pressure on the kingdom’s economy due to low oil prices,” according to a Reuters report. Construction firms in Saudi Arabia are have been squeezed as […]
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Riyadh to Keep Arms Originally Bound for Lebanese Army
- March 7,2016
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- SUSTG Team
Saudi Arabia will honor its contracts with French defense companies for $3 billion in arms previously bound for Lebanon as military aid, but will keep the equipment for its own army, foreign minister Adel Al-Jubeir said. Saudi Arabia recently withdrew its promise of $3 billion in military aid and $1 billion for security services over […]
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MUST-READS
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Saudi Arabia: Alstom to Enhance Reliability of East-West Freight Corridor
As part of this contract, Alstom will implement its HealthHub™ technology to enable real-time locomotive monitoring and predictive maintenance, minimising downtime and optimising fleet availability. This digital solution is expected to ensure the long-term operational performance of locomotives connecting key ports like Dammam and Jubail with the Riyadh dry port, facilitating the smooth flow of goods across the region.
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New bat species discovered at Prince Mohammed bin Salman Royal Reserve
The Prince Mohammed bin Salman Royal Reserve has announced the discovery of a new bat species, Vansonia rueppellii (Rüppell’s bat), marking its first recorded presence in Saudi Arabia. This keystone species, known for its crucial role in pollination and pest control, adds to the Kingdom’s rich biodiversity. The discovery, made in October 2023 in collaboration with KAUST’s Al-Manara Development, was published in the scientific journal Zoology in the Middle East in November 2024. While Rüppell’s bat has been documented in Egypt, Sudan, Yemen, and Iraq, this marks its inaugural record in Saudi Arabia. “Adding Rüppell’s bat to the rich biodiversity of Prince Mohammed bin Salman Royal Reserve is a remarkable scientific achievement, as the reserve now contains 18 of Saudi Arabia’s 32 bat species, or 56%,” said Andrew Zaloumis, CEO of the reserve.
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US senators urge Fifa to spurn Saudi 2034 World Cup bid over human rights
Two United States senators urged Fifa on Monday not to pick Saudi Arabia as the 2034 World Cup host next month, a decision seen as inevitable despite the kingdom’s record on human rights. Democrats Ron Wyden of Oregon and Dick Durbin of Illinois wrote to Fifa’s president, Gianni Infantino, declaring that “we urge you to seek out a host country with a record of upholding human rights.” On 11 December more than 200 Fifa member federations are expected to jointly endorse the Saudi bid.
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How Saudi Arabia Turned Back Climate Progress at COP29
The Gulf state surprised the world at COP28 when it joined nearly 200 nations in agreeing to transition away from fossil fuels, but it’s been trying to walk that historic moment back ever since. “The Arab Group will not accept any text that targets specific sectors, including fossil fuels,” Saudi representative Albara Tawfiq made clear to delegates at this month’s United Nations meeting in Baku. After three decades of being the main opposition at the annual climate talks, the Saudis have developed a sophisticated playbook, according to veteran negotiators. They are masters of the arcane and complicated rules that govern the COP process, said multiple people who participated in the closed-door debates, and used that skill to raise oblique objections to run down the clock and present poor compromises that were non-starters.
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Al-Falih: 1,238 foreign investors obtain premium residency in Saudi Arabia
Addressing the World Investment Conference in Riyadh on Monday, the minister confirmed that those who obtained the premium residency are treated as if they were in their home countries. About 2,500 investors from 30 countries are participating in the conference. Referring to the investment climate and its advancement since the launch of Vision 2030, Al-Falih said that investment flows have now tripled compared to the period before the launch of the Vision. “The rate of the gross domestic product (GDP) recorded an increase of 70 percent, reaching $1.1 trillion during the same period,” he said while noting that half of this comes from non-oil sectors.
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Saudi-European talks to strengthen cooperation in environmental fields
Saudi Minister of State for Foreign Affairs Adel Al-Jubeir met with European officials on Sunday in Riyadh, Saudi Press Agency reported. Al-Jubeir, who is also the Saudi climate envoy, held talks with Delphine Pronk, chair of the EU Political and Security Committee, and Luigi Di Maio, EU special representative for the Gulf region. They discussed issues surrounding climate change and environmental cooperation between Saudi Arabia and the EU, as well as ways in which existing cooperation on tackling climate change could be strengthened. They also talked about the recent development in foreign policy in Europe and the Middle East.
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Saudi Arabia: Shaping Global Urbanization Discussions at Urban 20 Summit
A Saudi delegation, led by Advisor at the General Secretariat of the Saudi Arabian Council of Ministers Fahd Al-Rasheed, actively participated in the 7th Urban 20 (U20) Global Summit in Rio de Janeiro. The summit, one of the world’s most influential urban development forums, highlighted Saudi Arabia's continued leadership in shaping global urbanization strategies. The U20 gathers cities from G20 member states to address pressing economic, climate, and developmental challenges. Saudi Arabia has played a prominent role in the forum since 2019, with Al-Rasheed previously serving as Chair in 2020 during Saudi Arabia’s G20 presidency.
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Saudi Arabia Cinema Market Forecast Report and Company Analysis 2024-2025 & 2033, Profile of AMC, IMAX, Cinepolis, VOX Cinemas and Empire Cinemas
Saudi Arabia Cinema Market will reach US$ 1.29 billion by 2033, up from US$ 590.32 million in 2024, with a CAGR of 9.13% between 2025 and 2033. The improvement of infrastructure is a key factor propelling the expansion of the Saudi film industry. To improve accessibility and convenience for viewers, the public and private sectors are making significant investments in the construction of contemporary movie theater complexes around the Kingdom.
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Riyadh Metro: 5 ways it will boost transport in Saudi’s biggest city
On November 27, 2024, Riyadh will witness a significant milestone with the inauguration of the first phase of its metro system. This initial launch will see three of the six planned lines become operational, connecting key areas such as Al Orouba to Batha, King Khalid International Airport Road, and the intersection of Abdulrahman Bin Auf Street and Sheikh Hassan Bin Hussein Street. The remaining lines are slated to commence service by mid-December. As the world’s longest driverless metro system, the Riyadh Metro is poised to transform urban mobility in the Saudi capital, offering a sustainable and efficient alternative to car travel.
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Al Ittihad claims top spot in Saudi Pro League after victory over Al Fateh
The team now holds 30 points, two ahead of Al Hilal, who slipped to second place with 28 points. Al Fateh remains at the bottom of the table with just 5 points. Al Ittihad’s triumph came despite the absence of key players. French star Karim Benzema missed his third consecutive match due to injury, while Moussa Diaby was ruled out for eight weeks, as announced by the club.
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