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Recent stories from sustg
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Popular King Abdullah Scholarship Program Reported to have New Restrictions along with Reduced Budget
- February 10,2016
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- SUSTG Team
Saudi Arabia’s King Abdullah Scholarship Program (KASP) has reportedly been narrowed to include only top universities and programs, months after the program was expanded to include all students and their families. Founded in 2005 and one of the late King Abdullah’s legacy programs, the scholarship fund covers full tuition, medical insurance, a monthly stipend for living expenses, and […]
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Will Saudi Arabia Remove the Requirement for a Local Partner in a Bid to Boost Foreign Investment?
- February 9,2016
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- SUSTG Team
Saudi Arabia, with low oil prices putting the pinch on virtually every corner of the Saudi economy, is pushing hard for foreign entities to invest in Saudi Arabia. This was a theme at the recently-held U.S.-Saudi CEO Summit in Riyadh, Saudi Arabia in January, as well as the Global Competitiveness Forum held in the Saudi […]
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Saudi Arabia ‘Ready to Participate in Any Ground Operations’ by Coalition in Syria
- February 5,2016
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- SUSTG Team
Saudi Arabia has announced its readiness to send ground troops to Syria to help in the battle against ISIS, or Daesh, according to comments made by a Saudi defense official. “The kingdom is ready to participate in any ground operations that the coalition (against ISIS) may agree to carry out in Syria,” said military spokesman […]
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Analysis: Taking Stock of ‘Nitaqat’ Labor Reforms, 5 Years On
- February 3,2016
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- Nathan Field
5 years ago – as the Arab Spring rocked the Middle East – the Saudi government launched its own version of “political” reform. In September 2011 it began a series of policies aimed at reforming the country’s labor market and lowering the Kingdom’s chronically high unemployment rates. I have been following the fate of these […]
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Little Upside in Latest Jadwa Saudi Chartbook
- February 2,2016
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- SUSTG Team
Riyadh-based Jadwa Investment’s latest monthly chartbook overviewing the Saudi economy contains mostly negative economic data on consumer spending, activity, government accounts, and inflation. Economic data for the month of December 2015 indicates a slowdown in activity, and data on consumer spending continued to point to a softening trend, while PMI fell to a record low, […]
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Saudi Arabia, Turkey Support Syrian Opposition at Geneva Talks but ‘Avoid Setting the Agenda’
- February 1,2016
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- Lucien Zeigler
Saudi Arabia and Turkey voiced their support of Syria’s opposition members in Geneva for possible U.N.- sponsored peace talks with the Syrian regime, whether the opposition continued with the talks or not. The comments were made in a joint press conference by Saudi Arabia’s Foreign Minister Adel Al-Jubeir and Turkish Premier Ahmet Davutoglu in Riyadh. Saudi […]
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Saudi Competitiveness, Energy, Women in Focus at 9th Global Competitiveness Forum in Riyadh
- January 26,2016
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- SUSTG Team
The 9th Global Competitiveness Forum (GCF) in Riyadh entered its third and final day with a focus on energy, women in the workforce, and increasing Saudi Arabia’s competitiveness in the global economy. Annually, it is one of the largest business forums in the Kingdom and is well-attended by government, business, and academic leaders from Saudi […]
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U.S. Chamber of Commerce and Council of Saudi Chambers Kick-off U.S.-Saudi Arabia CEO Summit
- January 25,2016
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- SUSTG Team
On January 24, 2016 at the Council of Saudi Chambers of Commerce building the U.S.-Saudi CEO Summit kicks off a focused, high-level private-sector initiative to assess the U.S.-Saudi commercial and business environment in order to enhance bi-lateral trade, investment and cooperation. The Saudi-US Trade Group team is in Riyadh to participate in the inaugural U.S.-Saudi […]
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U.S., Saudi Business Leaders to Meet in Riyadh for U.S.-Saudi CEO Summit, GCF 2016
- January 21,2016
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- SUSTG Team
U.S. and Saudi business leaders will convene in Riyadh this weekend and into next week for events aimed at promoting business opportunities and investment in Saudi Arabia and enhancing the bi-lateral commercial relationship with the United States. The inaugural U.S.-Saudi CEO Summit, organized by the U.S. Chamber of Commerce and the Council of Saudi Chambers […]
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IMF Backs Saudi Cuts, Puts Saudi Growth Forecast at 1.2 Percent in 2016
- January 20,2016
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- SUSTG Team
The “new reality” of lower crude prices means governments in the Gulf – and especially Saudi Arabia – are right to cut spending to reflect this new fiscal reality, the IMF said. The IMF slashed its forecast for growth in Saudi Arabia, as it blamed the slowing Chinese economy, the collapse in oil prices and […]
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MUST-READS
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Here’s how Saudi travelers are picking where to go in 2025
First, we heard from flight comparison website Skyscanner, revealing that the Kingdom's citizens and residents have their sights set on a wide range of destinations in 2025 including the Italian capital of Rome, Poland's Krakow, Montreal in Canada and Gan in the Maldives. The company also revealed that two Saudi destinations have ranked among the world's top places to go next year, with the UNESCO World Heritage site of AlUla in Saudi's northwest and the capital city of Riyadh recording surging search interest. When travelling with children, nearly three in four Saudis pick destinations that they wanted to visit in their own early years, while places to build lasting memories remain high on the travel agenda, along with those that offer out authentic local experiences.
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Saudi: Over 6.3mln e-transactions processed via Absher in October
Over 3.8 million transactions were completed via the Absher Individuals platform, including tasks like identity verification, electronic renewals of national ID cards, family registrations, and other related services, the Saudi Press Agency reported. The General Directorate of Passports managed tasks such as issuing exit and re-entry visas, residency permits, electronic passport renewals and issuances.
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Saudi Startup Riyadh Air Gets Over 2,500 Slots At Riyadh Airport
Filings by Airport Coordination Limited (ACL), a slot coordinator that manages over 75 airports in the world, have showed that Riyadh Air has received over 2,500 slots at Riyadh King Khalid International Airport (RUH). According to the slot coordinator’s initial coordination report, airlines had requested a total of 97,130 slots at the airport serving the Saudi Arabian capital, with ACL allocating only 38.7% of the newly requested landing and takeoff rights for the upcoming International Air Transport Association (IATA) summer season, which will begin on March 30, 2025. Nevertheless, with its slot portfolio, Riyadh Air became the fourth-largest airline at the airport, with 2% of the total allocated flight movements. SAUDIA, the flag carrier of Saudi Arabia, will have the largest share of movements, 50.9%.
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Opinion: Balancing on the Brink – Saudi Arabia’s Delicate Policy
Although Saudi Arabia has spent years attempting to decrease its reliance on the strait—including through the construction of a 746-mile east-west crude oil pipeline, with a capacity of 5 million barrels per day, to bypass it—Saudi Arabia transports more crude oil and gas condensate through the Strait of Hormuz than any other country, according to tanker tracking data released by Vortexa. About 500,000 barrels per day were transited from Saudi ports in the Persian Gulf to Saudi ports in the Red Sea in 2022.
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Saudi Arabia, China, Iran meet to advance Beijing Agreement
The second meeting of the Saudi-Chinese-Iranian Joint Tripartite Committee to follow up on the Beijing Agreement was held in Riyadh on Tuesday, the Saudi Press Agency reported. Saudi Deputy Foreign Minister Waleed bin Abdulkarim Elkhereiji chaired the meeting, with Vice Foreign Minister of China Deng Li and Iran’s Deputy Foreign Minister for Political Affairs Majid Takht Ravanchi present. The Saudi and Iranian representatives reaffirmed their commitment to fully implementing the Beijing Agreement and strengthening neighborly relations through adherence to the UN Charter, the Charter of the Organization of Islamic Cooperation, and international law, emphasizing respect for sovereignty, independence, and security.
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NDMC closes the November 2024 Issuance under the Saudi Arabian Government SAR-denominated Sukuk Program
The National Debt Management Center announces the closure of November 2024 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The Total Amount Allocated was set at SAR 3.415Bn (three billion and four hundred and fifteen million Saudi Riyals)
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Saudi Arabia voices concern over extremist Israeli statements about West Bank sovereignty and settlements
The Saudi Council of Ministers, chaired by Custodian of the Two Holy Mosques King Salman in Riyadh on Tuesday, reiterated its concern over the extremist Israeli statements about imposing sovereignty over the West Bank, and the construction and expansion of settlements. "These Israeli actions undermine peace efforts, threaten the region's security and stability, and represent a blatant violation of international laws and relevant UN resolutions," the Cabinet said. In a statement to the Saudi Press Agency following the session, Minister of Media Salman Al-Dossary said that the Cabinet strongly condemned the continued targeting of Palestinian civilians and relief and humanitarian agencies by the Israeli occupation forces, and called on the international community to fulfill its responsibilities vis-à-vis the continuous aggression faced by the Palestinian people.
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Saudi’s SPPC signs PPAs for 9.2GW power projects
The Saudi Power Procurement Company (SPPC) has signed power purchase agreements (PPAs) for five independent power producer (IPP) projects, including thermal and solar photovoltaic power projects, totalling 9.2GW. The PPAs were signed with a consortium of Acwa Power, the Saudi Electricity Company (SEC) and the Korea Electric Power Corporation (KEPCO) for Rumah-1. The levelised cost of electricity (LCOE) is 4.5859 cents per kilowatt hour (kWh), while Nairyah-1’s LCOE is 4.6114 cents/kWh.
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Saudi Arabia unveils designs for 2034 Fifa World Cup stadium: Video
King Salman Stadium is to host 92,000 fans and will feature an indoor sports hall and an Olympic-sized pool.
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Saudi foreign minister meets with US Secretary of State at Brazil G20
Saudi Foreign Minister Prince Faisal bin Farhan met with US Secretary of State Antony Blinken on the sidelines of the G20 Summit in Rio de Janeiro, Brazil. During the meeting, they discussed bilateral relations, developments in the Middle East, and the efforts being made in these regards. The meeting was attended by the Director-General of the Office of the Foreign Minister Abdulrahman Aldawood.
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