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Saudi Arabia Invites China’s President Xi to Visit Kingdom
- March 15,2022
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- SUSTG Team
Saudi Arabia has invited Chinese President Xi Jinping to visit Riyadh as the Kingdom, people familiar with the plan told the Wall Street Journal. The visit could be President Xi’s first international trip since the beginning of the Covid-19 pandemic began.
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Inaugural World Defense Show in Saudi Arabia Produces Results in Saudi’s Localization Drive for U.S. Companies
- March 7,2022
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- SUSTG Team
Saudi Arabia is hosting its first ever major defense show as industry giants from around the world assemble in Riyadh to display the latest in military tech — and pitch for lucrative opportunities as Saudi Arabia seeks to localize much of its defense industry production.
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Latest Jadwa Chartbook: Saudi Investors Unfazed So Far on Russian Invasion; Consumer Spending Climbs
- March 2,2022
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- SUSTG Team
The latest edition of the monthly chartbook from Jadwa Investment found some encouraging data points on the Saudi economy, as observers of the Kingdom look for a strong year of growth in 2022.
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Veteran Saudi Journalist Khaled Almaeena Joins The 966 to Talk Ukraine, Energy Markets, and More
- February 25,2022
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- SUSTG Team
Khaled Al-Maeena, Saudi journalist, commentator, businessman and the former editor-in-chief of the Saudi Gazette and Arab News joins The 966 for Episode 28 to talk about Saudi Arabia’s role in energy markets, the war in Ukraine, and much more.
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Saudis Worldwide Mark Inaugural Celebration of Founding Day
- February 22,2022
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- SUSTG Team
Saudi Arabia held celebrations on Tuesday to commemorate for the first time the Kingdom’s foundation nearly 300 years ago, “choosing a date that downplays the central role played by clerics from the ultra-conservative Wahhabi school of Islam” and instead focusing on the date in 1727 when Mohammed bin Saud, founder of the first Saudi state, took over […]
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Amr Khashoggi joins The 966 to talk Saudi foreign policy, Vision 2030 and more
- February 18,2022
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- SUSTG Team
Saudi businessman and philanthropist Amr Khashoggi, chairman of Amkest Group, joins The 966 to talk about some interesting developments in the mining and minerals sector in Saudi Arabia, the red hot Saudi IPO market, Saudi foreign policy, Saudi Arabia’s economy and Vision 2030 and many more topics in episode 27 of the program.
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Jadwa Investment: Saudi GDP to Grow 7.7% in 2022
- February 17,2022
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- SUSTG Team
Saudi Arabia’s economy will “exhibit strong levels of growth in 2022, as pandemic related uncertainty and volatility seen over the last couple of years diminishes,” according to a new report from Riyadh-based Jadwa Investment, which said that the Kingdom’s overall GDP will expand by 7.7 percent in 2022.
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Saudi Arabia Transfers 4% of Aramco Shares Valued at $80 billion to Public Investment Fund
- February 14,2022
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- SUSTG Team
Saudi Arabia transferred shares worth about $80 billion in oil giant Aramco to the Public Investment Fund as part of efforts to move forward economic diversification efforts, according to reports.
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The Saudi Games 2022, air pollution’s cost, and King Salman’s pivotal role in Saudi history with guest David Rundell
- February 11,2022
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- SUSTG Team
David Rundell, author of Vision or Mirage: Saudi Arabia at the Crossroads joins this week for Episode 26 of The 966. The hosts and David talk about the Saudi Games 2022, the cost of air pollution in the “MENA region,” then discuss the important role of King Salman in the history of Saudi Arabia and […]
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Fitch, Moody’s Rates Public Investment Fund of Saudi Arabia ‘A’ and ‘A1’; Outlook Stable
- February 8,2022
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) has been assigned debut ratings by agencies Fitch and Moody’s, receiving an ‘A’ rating and ‘A1’ rating, respectively.
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MUST-READS
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Virtual CurrencyVirtual currencies not approved in Saudi Arabia, government committee warns
The committee, assembled by a royal order, has warned that such transactions could have “negative consequences” on dealers because of the associated risk with such dealings that are "outside the monitoring umbrella within Saudi Arabia.
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EconomySaudis Load Up on Debt as Government’s Austerity Program Bites
Since the beginning of 2018, the government has raised fuel and utility prices, introduced value added tax and imposed a levy on some temporary foreign workers not under an employer’s sponsorship. But while the authorities’ aim is to boost revenue without snuffing out economic growth, the latest official loan data suggest the policy is hitting ordinary citizens in their wallets.
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Saudi-UKTony Blair is advising the Saudi government under a £9 million deal
The former prime minister's company reached an agreement earlier this year to help support the Saudi Crown Prince's modernisation programme, under a "not for profit" arrangement.
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Foreign investmentSaudi government bodies to use new methodology to calculate foreign investment
Three Saudi government bodies will announce results of foreign investments in the kingdom by the end of September based on a new method of calculation practiced by the G20 countries and other international bodies, report in a business news website has revealed.
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Saudi AramcoSaudi Aramco names new head of finance after government reshuffle: sources
Saudi Aramco has named six new heads of departments including its finance unit after a government reshuffle last week saw several executives at the oil giant moving to other state posts, sources familiar with the matter said on Tuesday.
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Yemen Civil WarSaudi Coalition, Yemen Government Forces Advance on Houthi-Held Port
Saudi-led coalition forces are claiming to have advanced to within fewer than 20 kilometers from Yemen's Houthi-held port city of Hodeida, where Saudi forces claim Iran has been supplying the Houthis with weapons.
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Women DriversSaudi government to allow women to drive taxis
Saudi Arabia announced on Friday that it will allow women to drive taxis, following the royal decree issued last year granting permission for women to have driving licences from June this year, Anadolu reported on Friday.
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PrivatizationSaudi government to hand over 25 schools to private sector
Saudi Arabian authorities on Tuesday ordered the handover of 25 state-run schools to be run by private sector companies as part of economic reforms designed to ease pressure on the state’s finances.
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ExtremismJudge bars government from sending a U.S. citizen captured in Syria to Saudi Arabia
Trying to find its way out of a legal thicket, the Trump administration wants to send to Saudi Arabia a U.S. citizen who was captured on the battlefield in Syria last fall and is suspected of supporting Islamic State.
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SBGSaudi Binladin receives multi-billion dollar government loans
Saudi Arabia's finance ministry has provided Saudi Binladin Group with loans of around 11 billion riyals ($2.9 billion) to help turn around the fortunes of the construction giant, people familiar with the matter said.
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