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Plans to Tap Massive Tourism Potential for Saudi Arabia’s Red Sea Unveiled
- August 1,2017
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- SUSTG Team
Saudi Arabia wants to turn hundreds of miles of its Red Sea coastline into a global tourism destination, according to an announcement by the government’s Public Investment Fund (PIF) and reports. The development will include “50 islands and 34,000 square kilometers — an area bigger than Belgium — between the cities of Umluj and Al Wajh […]
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Iraq’s Moqtada al-Sadr Visits Jeddah, Meets with Crown Prince Mohammed bin Salman
- July 31,2017
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- SUSTG Team
Iraq’s influential Shi’ite cleric Moqtada al-Sadr made a rare visit to Saudi Arabia on Sunday, where he met the Saudi crown prince and other officials, according to the SPA and Reuters. It is the first visit by the powerful anti-American Shi’ite cleric in 11 years. Al-Sadr is the leader of the Sadrist Movement and the leader of Saraya […]
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Rumors Abound Regarding Location(s) of Saudi Aramco IPO Listing
- July 28,2017
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- SUSTG Team
Saudi Aramco’s advisers have recommended London for the historic listing of the oil company, sources familiar with the matter told Reuters in an exclusive report. The report said U.S. disclosure rules were a concern for Saudi authorities. London’s Financial Conduct Authority (FCA) has proposed a rule change that would allow state-owned companies, such as Saudi Aramco, to […]
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New Saudi City Aims for Nearly 1m New Housing Units Near Mecca and Jeddah
- July 27,2017
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- SUSTG Team
Details have emerged on plans for a “giant extension” to the holy city of Mecca in Saudi Arabia that could add up to one million housing units by 2050, according to reports. Prince Khalid Al-Faisal bin Abdulaziz is governor of the Mecca Region. In a press conference, the Prince told reporters that the Al-Faisaliah project […]
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Saudi Female Private Sector Employment Grew 10% in 2016, Ministry of Labor Says
- July 26,2017
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- SUSTG Team
The employment of Saudi women in the private sector increased 10 percent in 2016 over the previous year, according to the Saudi Ministry of Labor and Social Development as reported in the Saudi Gazette. The latest figures show a continuation of a dramatic increase in the last four years for female participation in the workplace. Based on figures provided […]
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OPEC Discipline Partly to Blame for Oversupply, but Saudi Leadership May Boost Prices
- July 25,2017
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- SUSTG Team
Jadwa Investment’s recently released quarterly oil market update for Q2 2017 questions if discipline within OPEC is waning as oil’s price continues to stay low on international indices as high supply persists, but recent moves by Saudi Arabia in Russia this week indicate action is forthcoming to curb supply. Oil prices declined by 8 percent […]
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President Trump Approves Credentials of New Saudi Ambassador to the U.S. Prince Khaled bin Salman
- July 24,2017
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- SUSTG Team
US President Donald Trump received at the White House on Friday newly appointed Saudi ambassador Prince Khaled bin Salman bin Abdulaziz to approve his credentials as an official diplomat to Washington. Prince Khaled is the 10th Ambassador of Saudi Arabia to the US since 1945. According to the London-based Saudi newspaper Asharq Alawsat, US political analysts believe […]
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King Salman Issues Royal Decrees on Security as U.S. Praises ‘Strong Counterterrorism Relationship’
- July 21,2017
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- SUSTG Team
Saudi Arabia’s King Salman issued a number of royal decrees on Thursday regarding the Kingdom’s security governance, creating a new security authority and separating forces from the Ministry of the Interior, according to reports. The executive order creates a security authority known as the “The Presidency for State Security” linked with the Prime Minister’s Office, the […]
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Demands from Qatar Modified to ‘Six Broad Principles’
- July 20,2017
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- SUSTG Team
Saudi Arabia and 3 Arab nations leading a boycott of Qatar are no longer insisting it comply with a list of 13 specific demands they tabled last month, according to reports. Saudi Arabia, the United Arab Emirates, Bahrain and Egypt told reporters at the United Nations they now wanted it to accept “six broad principles.” […]
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U.S. Removes Laptop Ban on Flights from Jeddah, Saudi Arabia; Riyadh to be Inspected by U.S. Officials ‘This Week’
- July 18,2017
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- SUSTG Team
The Trump administration on Monday lifted the ban on carrying laptops onboard Saudia Airlines, the last airline facing in-flight restrictions on electronics, a TSA spokesman has said. The removal only affects passengers on Saudia flying out of the airline’s hub in Jeddah, Saudi Arabia. US government officials will visit Riyadh’s King Khalid International Airport “later this […]
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MUST-READS
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Secretary Antony J. Blinken and Saudi Foreign Minister Prince Faisal bin Farhan Al Saud at a Joint Press Availability
Normalization, I have said before and it’s quite clear that we believe that normalization is in the interest of the region, that it would bring significant benefits to all. But without finding a pathway to peace for the Palestinian people, without addressing that challenge, any normalization will have limited benefits. And therefore, I think we should continue to focus on finding a pathway towards a two-state solution, on finding a pathway towards giving the Palestinians dignity and justice. And I think the U.S. has a similar view, that it’s important to continue on those efforts.
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Secretary Antony J. Blinken and Saudi Foreign Minister Prince Faisal bin Farhan Al Saud at a Joint Press Availability
When President Biden traveled to Jeddah last summer, he affirmed the importance of the Middle East to the long-term security and economic interests of the United States. And he made clear that we’re committed to continuing and deepening our partnerships in the region. Together, we can drive real progress for all our people, not only to address the challenges or crises of the moment, but to chart an affirmative vision for our shared future.
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Israeli leaks seen as trying to derail U.S. effort to avoid Iran nuclear escalation
To read some recent Israeli media reports, one might come to suspect that the U.S. and Iran are on the verge of some sort of new nuclear deal, or mini deal. But there are reasons to think that the reports are misleading, and on the Israeli side, are meant to try to scuttle any far more limited understanding to head off a crisis in the absence of conditions for a major new diplomatic resolution on Iran.
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Structure of PGA Tour merger with Saudi Arabia’s PIF raises key question: Who, exactly, will be in charge?
An even bigger question: Given the complicated structure of the new organization that would effectively run non-major championship golf at its highest level, who exactly is going to be in charge?
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Saudi Arabia’s Riyadh Air won’t have first class
The carrier will operate alongside fellow state-owned airlines Saudia and the soon-to-launch Neom Airlines, which is expected to take wing in late 2024 or early 2025 and will have a narrower focus on serving the country’s new mega city ‘Neom’ on the Red Sea. Neom Airlines CEO Klaus Goersch confirms the trio would not be in competition with each other, as each focuses on a different market: Riyadh Air for global connections, Saudia for religious traffic, and Neom dedicated to the Red Sea development.
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Lionel Messi explains why he chose Inter Miami over Barcelona, Saudi Arabia
It took months of negotiations with MLS, the Miami ownership, Adidas and even Apple getting involved in a creative pitch to bring Messi to Miami’s pitch. Apple — which is a broadcast partner of MLS — announced Tuesday that it will show a still-untitled four-part documentary series "featuring exclusive behind-the-scenes access to global superstar Lionel Messi. ... In his own words, Messi tells the definitive story of his incredible career with the Argentina national football team, providing an intimate and unprecedented look at his quest for a legacy-defining World Cup victory."
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Israeli army mounts rare raid into Palestinian city of Ramallah, clashes ensue
Clashes erupted after Israeli forces mounted a rare raid into the Palestinian city of Ramallah in the occupied West Bank early on Thursday, in what the military said was an operation to demolish the house of an assailant. A Reuters witness said a large military convoy arrived in downtown Ramallah, the seat of the Palestinian government, leading hundreds of Palestinians to gather in the area. Some Palestinian youth hurled stones at the Israeli forces, who fired live bullets, stun grenades and tear gas at the crowd, the witness said. Trash bins that were set on fire blocked roads as ambulance sirens wailed.
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US sanctions Chinese firms aiding Iran missile programme
The US Treasury said on Tuesday that the Chinese companies facilitated the transfer of sensitive technology including centrifuges for producing fuels and non-ferrous metals with potential military use to already-sanctioned Iranian government bodies and private companies closely involved in building the missiles.
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How a Dubai Casino Would Affect Real Estate Investment, and More Luxury News
More of the world’s most expensive jewels, artwork and collectibles are showing up in Dubai so that its growing number of wealthy residents can eyeball the products in person. “They want to see these stones without having to travel,” says Katia Nounou Boueiz, Sotheby’s head of UAE. “All these pieces go on to Hong Kong, New York—and then Dubai is now one of the stops.”
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Middle East airlines expected to rebound from pandemic by 2024: IATA
The outlook for the whole industry was positive at the gathering, which was hosted by Turkish carrier Pegasus Airlines. IATA — an association that represents around 300 airlines in 120 countries — forecasted that the global aviation industry's profits are expected to reach $9.8 billion in 2023, more than double the $4.7 billion forecast in December, driven by pent-up demand for air travel following the pandemic.
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