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Netflix, Saudi Animation Studio Myrkott Sign 5-Year Deal for New Saudi-Focused Shows and Films
- September 16,2020
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- SUSTG Team
Global content powerhouse Netflix has signed a 5-year deal with a Saudi animation studio to produce Saudi-focused content for the platform, according to reports.
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Report: Saudi Binladen Group Seeks to Accelerate Corporate-Debt Revamp
- September 9,2020
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- SUSTG Team
Troubled construction giant Saudi Binladin Group (SBG) plans to hire additional advisers “to accelerate one of the Middle East’s biggest corporate-debt revamps and tackle its estimated $15 billion debt pile,” Bloomberg reports.
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With Saudi Success with OPEC+ Cuts, Jadwa Downgrades Saudi GDP Forecast in 2020
- August 26,2020
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- SUSTG Team
A recently-released report by Jadwa Investment revises downward the overall Saudi gross domestic product (GDP), now estimated to contract by 3.7% in 2020, as the Kingdom sees its oil diplomacy achieve enormous successes in stabilizing the markets after dual shocks earlier this year.
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Saudi Arabia Continues Steady Progress against Coronavirus Spread as Officials Emphasize Safety of Future Vaccine Trials
- August 25,2020
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- SUSTG Team
Saudi Arabia continues to make steady progress in preventing the spread of the the Coronavirus after overcoming two waves of new cases and deaths, according to official government data.
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Collier’s: Saudi Hotels Hit Hard by Coronavirus Impact, but Domestic Travel Initiatives will Drive Recovery by 4Q 2020
- August 17,2020
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- SUSTG Team
Like in most other countries around the world, Saudi Arabia’s travel and tourism sector has been hit hard by the Coronavirus as governments continue to introduce measures to slow its spread. A recent report by Collier’s International highlights the severity of the impact.
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Saudi Arabia’s King Salman Leaves Hospital, Sends Out Eid Message
- July 31,2020
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- SUSTG Team
Saudi Arabia’s King Salman bin Abdulaziz was released from the hospital after gallbladder surgery, and published an Eid al-Adha greeting to his followers on Twitter, according to reports.
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Unemployment for Saudis Declines in Latest Labor Figures before Pandemic
- July 14,2020
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- SUSTG Team
Saudi Arabia saw progress in employment for its nationals in the latest labor market figures for Q1 2020, with the General Authority for Statistics’ noting that unemployment among Saudi nationals declined to 11.8 percent in Q1 2020, down from 12 percent in Q4 2019, according to Jadwa Investment.
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Saudi Arabia to Launch Tourism Development Fund with an Initial $4 billion Investment
- June 22,2020
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- SUSTG Team
Saudi Arabia plans to start a tourism development fund with an initial $4 billion investment, according to reports citing an announcement from the Ministry of Tourism.
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1.2 million Expat Workers to Leave Saudi Arabia in 2020, Jadwa Estimates
- June 16,2020
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- SUSTG Team
As many as 1.2 million foreign workers will leave the Saudi labor market in 2020, with an estimated 300,000 already gone this year, according to a recent labor market update by Jadwa Investment.
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Saudi Aramco Completes Acquisition of 70% Stake in SABIC with Purchase of 2.1 Billion Shares on Tadawul
- June 15,2020
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- SUSTG Team
State-owned Saudi Aramco bought 2.1 billion shares of Saudi Basic Industries (SABIC) on the Tadawul, the Kingdom’s stock market, on Sunday, completing its deal to buy 70% of the petrochemical giant, according to a report in Reuters.
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War in YemenHouthis suffer first serious setback in south Yemen fighting: residents
After two months of fighting in which much of Dalea has been destroyed, Sunni fighters on Monday turned the tide by seizing a key military base and the main security directorate in the city, militia sources and local residents said. Twelve Sunni fighters and 40 Houthi rebels were killed, they said.
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Saudi - Yemen: Foreign LaborOver 22,000 illegal Yemenis in Saudi Arabia correct status
A total of 22,500 illegal Yemenis all over the Kingdom have corrected their residence status since an amnesty for the community started on May 10.
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War in YemenPerspective: Yemen crisis: Problem and solution
I disagree with statements that Yemen may represent an existential threat to Saudi Arabia. This is because it is very far from vital Saudi positions. It is more than 800 km from Makkah, and 1,300 km from the Kingdom’s oil-rich zones in the northeast. However, I agree that Riyadh cannot accept two things regarding Yemen, which is three times bigger than Syria: chaos, and foreign — including Iranian — domination over it.
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War in Yemen: Border ConflictSaudi citizen killed in rocket attack launched from Yemen – SPA
The Saudi-Yemen border has in some places become a front line between the kingdom and Iran-allied Houthi rebel group that a Saudi-led Arab alliance has been bombing for eight weeks.
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YemenYemeni Houthis back U.N. peace talks
The leader of Yemen’s rebels has backed U.N.-hosted peace talks on the conflict roiling the country, hours after the world body announced they would start in Geneva next week.
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War in YemenU.N. announces Yemen talks, Iran to allow ship inspection
U.N. chief Ban Ki-moon on Wednesday announced talks between warring Yemeni parties in Geneva on May 28 to end over seven weeks of war, as Iran agreed for international inspections of an aid ship sailing to Yemen.
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War in Yemen: Riyadh ConferenceRiyadh Conference on “Saving Yemen”
The three day Yemen dialogue conference hosted by King Salman in Riyadh ended Tuesday. The participants included, “All Yemeni political groups and blocks, with the exception of the Houthi militias and deposed president Ali Abdullah Saleh,” according to the SPA. Here for your consideration is the SPA report on the conference conclusion including the text of the “Riyadh Declaration” followed by remarks from Yemeni President Hadi.
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Saudi Foreign AidEgypt, Yemen are top recipients of Saudi aid
Saudi Arabia has given Arab nations SR85 billion ($22.7 billion) in direct aid over 40 months, local media reported, quoting a report released by the International Monetary Fund (IMF).
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YemenSaudi-led air strikes hit Yemen’s capital Sanaa, residents Say
Saudi-led air raids hit the Yemen capital Sanaa overnight, targeting forces loyal to former President Ali Abdullah Saleh in the east and south of the city, residents said on Tuesday.
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War in Yemen: East AfricaUN: Yemen Crisis Could Open Jihadist Path Through Somalia
Secretary-General Ban Ki-moon warned in a new report that the crisis in Yemen could open a corridor for jihadist movements through Somalia, which is located just across the Gulf of Aden.
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