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Secretary of State John Kerry Heads to Riyadh for a ‘Full Schedule’ Visit; Moment Seen as a ‘Get-to-Know You’ Opportunity for the Secretary
- March 4,2015
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- SUSTG Team
U.S. Secretary of State John Kerry is visiting Saudi Arabia for what the State department called a “full schedule” of meetings with King Salman, GCC ministers, Deputy Crown Prince Mohammed bin Nayef, and Minister of Foreign Affairs Prince Saud al Faisal. Secretary of State John Kerry will arrive Wednesday night and stay overnight in Riyadh. On Thursday, […]
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‘Subtle Change of Energy Policymaker Line-Up’ Gives King Salman Firm Hand on Energy Policy, Report Says
- March 3,2015
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- SUSTG Team
When Saudi Arabia’s King Salman announced a shake-up of leadership shortly after ascending to the throne in January, one of the Kingdom’s most powerful positions – Minister of Petroleum and Natural Resources – was left unchanged. Ali Al Naimi has been Minister for 20 years, and was CEO and President of Saudi Aramco for 12 years before […]
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Sisi in Saudi Arabia as Kingdom Strengthens Diplomatic, Security Ties with Egypt
- March 2,2015
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- SUSTG Team
Egypt’s President Abdel Fatteh el Sisi visited Saudi Arabia for talks with King Salman over the weekend as cooperation between the Kingdom of Saudi Arabia and Egypt on diplomatic and security challenges reaches a high point. Sisi, whose rise to power was a defeat for the Muslim Brotherhood that has long been at odds with Saudi […]
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Despite ‘Kafalah’ Lending Programs for SMEs, Saudi Banks Leave Startup Entrepreneurs Without Needed Funding
- February 27,2015
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- SUSTG Team
Saudi banks are making it difficult for startups get off the ground by decreasing loans to new entrepreneurs, according to a Bloomberg report, despite the fact that these loans are backed by a government SME Loan Guarantee Program. Deema Almashabi writes that entrepreneurs cannot count on receiving necessary startup capital because “banks are not lending to any startups […]
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Tadawul Up 11.2 Percent This Year, Funds Seen as Increasingly Bullish on Saudi Arabian Equities
- February 26,2015
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- SUSTG Team
After a rough second half of 2014, Saudi Arabia’s stock market, the Tadawul or TASI, has begun a bounce-back. The bourse is up 11.2 percent this year, and a recent Reuters survey of regional asset managers found bullishness in those polled about Saudi Arabia equities and the Tadawul. The current gains in Riyadh are the […]
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King Salman’s Cash Payments Give One-Off Jolt to Saudi Economy
- February 25,2015
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- Lucien Zeigler
After the death of King Abdullah and the smooth succession to Saudi Arabia’s new King Salman, the new Custodian of the Two Holy Mosques announced a one-off $32.3 billion spend of two months of wages and other cash handouts to Saudi citizens, government employees, soldiers, pensioners and students on government stipends at home and abroad. After the announcement, […]
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MERS Still ‘Baffling’ Scientists as WHO Criticizes Implementation of Prevention Methods in Saudi Arabia; Riyadh Hospital Temporarily Closed
- February 24,2015
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- SUSTG Team
As MERS cases spike in Saudi Arabia, a delegation of World Health Organization (WHO) and other international organizations visited Saudi Arabia and concluded that the Kingdom must do more to combat the spread of the disease, particularly in hospitals, according to a press release from the WHO today. “Although data collection and surveillance have improved globally […]
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Kechichian: How will Saudi Foreign Policy Evolve Under King Salman?
- February 19,2015
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- SUSTG Team
Following the successful and smooth transition of power from Saudi Arabia’s King Abdullah to the new King Salman, all eyes are on how the new Custodian of the Two Holy Mosques will navigate the regional and global foreign policy landscape. Although King Salman kept on the Minister of Foreign Affairs, Prince Saudi al Faisal, major […]
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Military Officials from 26 Nations Battling Daesh Begin 2-Day Summit in Saudi Arabia
- February 19,2015
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- SUSTG Team
Military officials from 26 nations descended on Saudi Arabia this week for a two-day meeting to discuss joint efforts to combat the self-styled Islamic State extremist group, or Daesh, in Iraq and Syria, according to the Saudi Press Agency. According to the Military Times, the head of the U.S. military’s Central Command, Gen. Lloyd Austin, […]
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Jadwa Investment: Healthy Growth in Consumer Spending; Strong Consumption Growth in 2015 Likely
- February 18,2015
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- SUSTG Team
A recently released note by Riyadh-based Jadwa Investment predicts strong growth in consumer spending on the back of recent spending announced in Royal Decrees. Jadwa: “December data showed healthy growth in both cash withdrawals from ATMs and point of sale transaction. Consumption growth in 2015 is likely to be strong following the recent Royal decrees. […]
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Saudi Arabia Launches Mobile ‘Craftsman Bus’ Showcasing Traditional Arts
Saudi Arabia’s Royal Institute of Traditional Arts is currently offering amazing cultural and creative experiences through ‘Craftsman Bus,’ the Saudi Press Agency (SPA) reported. The institute has recently launched a platform on wheels to celebrate and revive Saudi traditional arts through an important tour across the Kingdom. Set to run until November 23, the event features live performances, professional workshops and community art displays. Crucially, the bus stops every week at King Faisal Park (Education Park) in Hafr Al-Batin governorate and the historic market in Dumat Al-Jandal governorate. Moreover, it will conclude its journey at the heritage village in Jizan.
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FIFA must halt Saudi World Cup bid due to human rights issues, says Amnesty
FIFA must halt the process to pick Saudi Arabia as hosts of the 2034 World Cup unless major human rights reforms are announced before the vote next month, Amnesty International and the Sport & Rights Alliance (SRA) have said. Votes are due to be held at the FIFA Congress next month to approve the 2030 and 2034 World Cups, though each has only a single bid. A combined bid of Morocco, Spain and Portugal is the sole bid for 2030, while Saudi Arabia is the lone bidder for 2034.
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Saudi crown prince demands immediate Gaza, Lebanon ceasefire at Arab summit
Saudi Arabia's de facto ruler called for immediate ceasefires in Gaza and Lebanon at a joint Arab League and Organisation of Islamic Cooperation summit on Monday. Crown Prince Mohammed bin Salman said the international community must "immediately halt the Israeli actions against our brothers in Palestine and Lebanon", condemning Israel's campaign in Gaza as "genocide".
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Saudi Crown Prince urges for Israel to respect Iran’s sovereignty
Saudi Crown Prince Mohammed bin Salman called on the international community on Monday to compel Israel to respect Iran's sovereignty and to end the wars on Gaza and Lebanon. “We call on the international community to oblige Israel to respect Iran's sovereignty and not to attack its territory,” said the Crown Prince at the opening of an Arab-Islamic summit in the Saudi capital, adding that the kingdom rejects Israel's actions in Lebanon and the threat to "security and displacement of citizens".
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Air Products eyes expanded offtake for NEOM green hydrogen plant
Air Products CEO Seifi Ghasemi has announced ongoing negotiations for additional offtake from the 2.2GW NEOM green hydrogen plant in Saudi Arabia, driven by sustained high demand for hydrogen. As it stands, the oil and gas major is set to offtake the full 600 tonnes of green hydrogen per day before its conversion into green ammonia from 2027. Ghasemi said, however, that additional offtake “would exceed the production of the facility.” Speaking during the company’s Q4 2024 earnings call, the CEO said, “Various leading companies, including TotalEnergies, have issued requests for quotation (RFQ), requesting capacity equal to requirements that far exceed the capacity of our green hydrogen project and the construction in NEOM.”
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Saudi Arabia’s industrial production holds steady in September: GASTAT
Saudi Arabia’s industrial production held steady in September, showing a slight year-on-year decrease of 0.3 percent due to a modest decline in manufacturing output, official data showed. According to data from the General Authority for Statistics, the Kingdom’s manufacturing sector decreased by 0.5 percent in September, bringing the Industrial Production Index to 105.6 points. This decrease was largely attributed to a 12.3 percent drop in the production of coke and refined petroleum products.
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Saudi-led coalition in Yemen says two members of its forces killed
Two members of the Saudi-led coalition forces were killed in an attack by a Yemeni defence ministry employee in Yemen's Seiyun on Friday, the coalition's spokesperson Turki al-Malki was quoted by the Saudi state news agency as saying on Saturday. Al-Malki said the attack, which also wounded one officer, occurred at a training camp for Yemeni forces in the eastern city of Seiyun in the Hadhramaut province.
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Saudi women rise: W20 to ‘address systemic barriers’
A beacon of advocacy and action, the Saudi delegation for Women 20, or W20, is led by Miznah Al-Omair, CEO of Al-Nahda Society, which was founded in 1963 to empower women in Saudi Arabia. In an interview with Arab News, Al-Omair emphasized the importance of including women’s issues in G20 dialogues: “The role of women must be considered in decision-making processes, as these decisions impact women’s economic realities.” This perspective underscores the need for a platform that prioritizes women’s voices in global economic policy discussions.
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Iran and Saudi Arabia pursue cautious rapprochement
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Month-long “Wonderland” festival to begin in Jeddah on Monday
Jeddah is preparing to host a month-long exceptional entertainment festival called “Wonderland", which will begin on Monday, Nov. 11 and will run through until Dec. 10. The festival will offer 30 days full of fun and diverse experiences, catering to the taste of families and all segments of society. The festival, located along King Abdulaziz Road, will be organized by the Jeddah Events Calendar Department. The "Wonderland" festival would feature a bunch of activities and events that suit different age groups. The festival is expected to attract up to 7,000 visitors daily, making it a major attraction for entertainment lovers in the region.
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