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Saudi, Iran Row Over 2016 Hajj Heats Up
- May 31,2016
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- SUSTG Team
Iran says it will not allow its pilgrims to attend the Hajj this year following weeks of talks with Saudi Arabia, according to reports. According to Saudi Arabia’s Foreign Minister, Adel Al-Jubeir, Saudi Arabia would not acquiesce to “unacceptable” demands. Al-Jubeir commented that, “Iran refused to sign the memorandum and was practically demanding the right to hold […]
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Internet Penetration in Saudi Arabia at 93%, Daily TV Viewership Down 16%
- May 27,2016
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- SUSTG Team
Internet penetration among Saudi nationals is “around 93 percent” but traditional TV viewership is down 16 percent, an indication of the continued rise of online media viewership and the rise of apps in Saudi Arabia, according to a report in the Saudi Gazette. “The increase in data use is also driven by the use of […]
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Comprehensive Document Outlining Saudi Arabia’s Counterterrorism Strategy, Successes Released
- May 26,2016
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- Lucien Zeigler
The Embassy of Saudi Arabia in Washington has distributed a comprehensive document outlining the Kingdom’s efforts to fight terrorism. The detailed publication was distributed to Congress as debate regarding the September 11, 2001 terrorist attacks heat up following the recent unanimous Senate vote to pass the Justice Against Sponsors of Terrorism Act (JASTA) bill. The Kingdom […]
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Report: $7.9 Billion Bid for KAFD by Saudi Arabia’s Public Investment Fund
- May 25,2016
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) is reported to be prepared to make an offer for the King Abdullah Financial District (KAFD), situated between downtown Riyadh and the city’s King Khalid International Airport. The offer, reported by Bloomberg citing unnamed sources, is 30 billion riyals ($7.9 billion) — the amount already spent on KAFD by the Saudi Public […]
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Mine Kills Saudi Border Guard, Wounds Three Others on Yemen Border as Peace Talks Flail
- May 24,2016
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- SUSTG Team
A Saudi border guard was killed and three others were wounded by a land mine that exploded while on patrol alongside the border with Yemen on Monday, according to reports. According to the Saudi Press Agency, the blast injured the soldiers in Saudi Arabia’s southern Jazan Province on the border with Yemen. Reuters reports that it was not immediately […]
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G.E. Jumps Into Saudi Economic Reforms with $1.4b in Deals, Doubled Workforce
- May 23,2016
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- SUSTG Team
General Electric (G.E.) has won a series of deals in Saudi Arabia worth $1.4 billion and said it would double its workforce in the Kingdom from 2,000 to 4,000 by 2020, according to reports. The deals amount to “support” for Saudi Arabia’s “Vision 2030” reform plan, according to Reuters, and were announced by the company’s […]
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Jadwa Investment: Recent Saudi Stock Market Changes ‘Pave the Way’ for Saudi Arabia’s Inclusion Into MSCI Emerging Market Index
- May 20,2016
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- SUSTG Team
The major announcements for Saudi Arabia’s economy and society in the last few weeks related to the release of its ‘Vision 2030’ strategy have given the Kingdom a roadmap and targeted benchmarks for achieving greater economic diversification and empowering Saudi Arabia’s youth. In addition to the ‘Vision 2030’ release and cabinet changes there was “an […]
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Report: Donald Trump Set Up Four Businesses Related to a Jeddah, Saudi Arabia Hotel Project While Campaigning for President in August 2015
- May 19,2016
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- SUSTG Team
Republican frontrunner Donald Trump set up four companies related to a possible hotel project in Jeddah, Saudi Arabia while campaigning for president in August 2015, according to a report by BuzzFeed news, citing the candidate’s latest financial disclosure filings released on Wednesday. According to the report, on August 21, 2015, Trump became president and owner of […]
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Responding to Bloomberg Freedom of Information Act Request, U.S. Treasury Reveals How Much U.S. Debt is Held by Saudi Arabia
- May 17,2016
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- SUSTG Team
The U.S. Treasury Department revealed for the first time ever how much debt Saudi Arabia is holding, breaking an unusual and longstanding policy of secrecy regarding how much the Kingdom holds. Saudi Arabia held $116.8 billion in U.S. debt at the end of March. That is down 6% from its highest level in January 2016. Bloomberg first reported the […]
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Secretary Kerry Meets with Saudi Leaders in Jeddah Ahead of Crucial Syria Talks
- May 16,2016
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- SUSTG Team
Secretary of State John Kerry travelled to Jeddah, Saudi Arabia to meet with Saudi Arabia’s King Salman and other Saudi officials ahead of critical talks on Syria, according to reports. The Secretary, who also met with Crown Prince Mohammed bin Naif and Foreign Minister Adel Al-Jubeir, “discussed a range of regional issues – Yemen, Libya, […]
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MUST-READS
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Three stories to follow as Saudi Pro League restarts
The Saudi Pro League was halted on March 14, a day after the conclusion of Matchday 22 as the country, just like the rest of the world, looked to curb the spread of COVID-19. Five months later, Saudi clubs are set for a five-week marathon which will see 64 matches played between August 4 and September 9.
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Female participation in sports up 150% in Saudi Arabia
February saw the SFA launch the country's first-ever Women's Football League (WFL). SFA special projects manager Rawh Abdullah Alarfaj said that 'Having a women's football league is a huge boost for female football. We have been playing football, forming leagues and training since 2007, without any tangible support.'
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Barakah: UAE starts up Arab world’s first nuclear plant
"It will provide up to 25% of the UAE's electricity needs once fully operational and will help prevent the release of 21 million tons of carbon emissions, equivalent to removing 3.2 millions cars off the road annually."
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Longer, Slower, Farther: Savoring the Prospects of Future Travels
There are psychological benefits to planning activities in the future, especially travel, according to Shevaun Neupert, a professor of psychology at North Carolina State University. Future-oriented thinking is equated with proactive coping, a means of reducing stress through detailed planning, such as learning which flights to book to avoid layovers, and gathering the resources — including time and money — to make it happen. “Being able to think about and imagine something positive in the future has benefits in the present,” she said.
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Pakistan artillery kills 15 civilians in Afghanistan, Kabul says, after border clashes
Cross-border artillery fire by Pakistan killed at least 15 civilians in Afghanistan on Thursday, Afghan officials said, prompting Kabul to put its ground and air forces on alert. The artillery fire came after clashes between Pakistani and Afghan security forces at the closed Chaman-Spin Boldak border crossing, where crowds on both sides were waiting to cross for the Muslim festival of Eid al-Adha.
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More than 500 State Department employees sign letter opposing return to offices
Over 500 State Department employees are calling on the Trump administration to back down from its decision to send up to 80 percent of department staff in Washington, D.C., back to work in person amid the ongoing coronavirus pandemic. The State Department announced Monday that it was moving its offices in Washington to Phase II of its reopening plan, allowing offices to be occupied at up to 80 percent, NBC News reported.
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Saudis seek partners for water recycling venture
In a video call on Monday, the Saudi Water Partnership Company (SWPC) – the central body for privatisation in the Kingdom’s water sector – outlined plans to appoint private investors to source potential agricultural and industrial customers for treated sewage effluent (TSE).
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U.S. Economy Shrank at 33% Annual Rate in April-June Quarter
The U.S. economy shrank at a dizzying 33% annual rate in the April-June quarter — by far the worst quarterly plunge ever — when the viral outbreak shut down businesses, throwing tens of millions out of work and sending unemployment surging to 14.7%, the government said Thursday.
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Saudi Arabia posts $29 billion deficit in second quarter as oil revenues slump
Second quarter oil revenues fell by 45% year-on-year to $25.5 billion. Total revenues dropped 49% to nearly $36 billion.
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LEC announces NEOM as main partner for summer split
LEC is also partnered with Secretlab, KitKat, Alienware, Kia Motors, Shell, and Foot Locker. Earlier this month, the competition announced European financial provider Erste Group Bank as a main partner.
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