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Millions Worldwide Celebrate Eid Al-Fitr, End of the holy month of Ramadan
- July 7,2016
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- SUSTG Team
Millions of Muslims worldwide celebrated the festival at the end of the holy month of Ramadan on Wednesday as the three-day Eid al-Fitr festival began. Eid al-Fitr festival traditionally means family gatherings and the exchange of gifts and a feast after a month of fasting from dawn until dusk. Despite two deadly terrorist attacks in […]
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G.E., Aramco Ventures Pump $52m into Boston-Area 3D Printing Startup
- July 6,2016
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- SUSTG Team
General Electric Ventures and Saudi Aramco Ventures have led an investment of $52m in total funding into a Boston-based 3D printing device company, Desktop Metal. Desktop Metal aims to bring “an everyday-use metal 3D printing solution to the workspace of every engineering team,” according to CEO Ric Fulop. Boston Business Journal reports that the investment from […]
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Ramadan Must-Watch TV: ‘Selfie 2’
- July 5,2016
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- SUSTG Team
Ramadan in Saudi Arabia is more than a month of fasting and personal reflection. It is a communal up-ending of one’s normal schedule with work, school and every facet of daily life rearranged in order to fulfill one of the five main pillars of Islam while also coming through this trial healthy and whole. Saudi […]
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Jadwa Investment: A Turn to Positive for Saudi Economic Data in July 2016 Economic Chartbook
- July 1,2016
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- SUSTG Team
Jadwa Investment’s recently released July 2016 Chartbook reveals economic data for Saudi Arabia trending toward the positive for the month of May, citing data on ATM withdrawals and point-of-sales transactions showing seasonal increases. Cement sales and PMI data also showed a slight acceleration in activity. The government also has reversed the months-long decline in assets at […]
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‘Very Good News’ for Saudi Real Estate as Kingdom Gets Boost in Transparency Ranking, Citing Chambers of Commerce
- June 30,2016
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- Lucien Zeigler
JLL and LaSalle Investment Management’s 2016 Global Real Estate Transparency Index (GRETI) has increased Saudi Arabia’s standing to “Semi-Transparent” after recent efforts by the Chambers of Commerce in Saudi Arabia. “The formation of real estate committees in the Chambers of Commerce has highlighted the issue of low transparency in the market and encouraged more action […]
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First Ever Direct Crude to Chemicals Plant “One Step Closer” for Aramco, SABIC
- June 28,2016
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- SUSTG Team
State-owned Saudi oil giant Aramco and diversified chemicals company SABIC are “one step closer” to being the first ever to use crude oil directly, rather than using refined products such as naphtha or ethane gas as feedstock, to create chemicals, according to reports and announcements by the companies on Saudi Arabia’s stock exchange. The achievement […]
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Deputy Crown Prince Mohammed bin Salman Meets U.S. and Saudi Business Leaders in New York
- June 24,2016
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- SUSTG Team
Deputy Crown Prince Mohammed bin Salman met with business leaders and others in New York yesterday as his 13-day, packed-schedule visit across the United States comes to a close. Prince Mohammed was photographed meeting with top U.S. business leaders and “pioneers of innovation” in New York for a panel discussion, according to the twitter account […]
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Deputy Crown Prince, Delegation Meet with Ban Ki Moon at the United Nations
- June 23,2016
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- SUSTG Team
Deputy Crown Prince Mohammed bin Salman and an eight-member delegation arrived at the U.N. yesterday for meetings with the Secretary General, Ban Ki Moon. The Prince and his delegation reportedly discussed Mr. Ban’s decision to cite the Saudi-led military coalition in the Yemen conflict for violating the rights of children. According to the New York Times, Prince Mohammed […]
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Deputy Crown Prince Mohammed bin Salman, Minister of Commerce Majed Al-Qasabi Tour Facebook, Meet with Mark Zuckerberg
- June 23,2016
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- SUSTG Team
Saudi Arabia’s Deputy Crown Prince, Mohammed Bin Salman, met Facebook Inc. Chief Executive Officer Mark Zuckerberg during a tour of Silicon Valley before departing for New York. The Deputy Crown Prince was given a tour of Facebook’s headquarters in Silicon Valley and was accompanied by the Saudi Minister of Commerce, Dr. Majed al-Qasabi. Prince Mohammed […]
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Concluding Trip to Silicon Valley, Deputy Crown Prince Mohammed bin Salman and Delegation Ink MOU with Microsoft
- June 22,2016
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- SUSTG Team
Saudi Deputy Crown Prince Mohammed bin Salman met with Satya Narayana Nadella, chief executive officer of Microsoft, at the company’s Silicon Valley offices in San Francisco on Tuesday and signed two deals with the IT giant, according to reports. The first MOU between Saudi Arabia and Microsoft “will train young Saudis and will support Saudi Arabia […]
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School break sets price records for Riyadh hotels
Millions of students are currently enjoying a vacation at the end of the first semester, which runs through November 17. The holiday, which began on Thursday, has given a significant boost to the hotel business in Riyadh, where an annual entertainment and tourist festival is underway. Room costs have reached SR7,000 per night, especially at five-star hotels in central Riyadh, according to the Saudi news portal Sabq, citing booking websites. Occupancy rates at some central Riyadh hotels and those near the airport have reached 100%, while overall citywide occupancy is at 76%.
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Saudi Arabia to increase renewable energy capacity
The Saudi Energy Procurement Company (SPPC) has begun selecting bidders for the construction of four energy storage systems with a total capacity of 2 gigawatts (GW). The winners will have to commission grid-scale batteries in three regions located in the western (Mecca), northern (Hail) and central parts of the country (Al-Qassim). The four complexes will need to store a total of 8 gigawatt-hours (GWh) of electricity, equivalent to 15% of Saudi Arabia's hourly electricity consumption.
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Four Arabic originals coming to Netflix, from Saudi Pro League documentary to Sand Castle
Netflix continues to ramp up its Arabic originals, with a string of productions due to be released in the next few months. From a thriller reuniting Nadine Labaki with her Capernaum star Zain Al Rafeea to a documentary series that pulls the curtain back on the Saudi Pro League, here are four to add to your Netflix watchlist.
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Saudi Crown Prince Reached Out to Trump in Late-Night Phone Call
Trump strengthened US ties with Saudi Arabia during his previous term. The bi-lateral relationship during the administration of President Joe Biden was initially soured by Biden’s criticism of the kingdom over the 2018 murder of Washington Post columnist Jamal Khashoggi at the Saudi consulate in Istanbul. Saudi Arabia’s 39-year old de facto ruler placed the call shortly after Trump delivered his victory speech in Palm Beach, Florida, said the two individuals, who did not wish to be identified because they were discussing a private matter.
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Saudi Tourism Authority Launches AI Beta Version of SARA, the Smart Guide for Saudi Tourism
The Saudi Tourism Authority has launched the beta version of "SARA," an artificial intelligence (AI)-powered smart guide for Saudi tourism. Designed as a young Saudi woman, SARA is depicted as a travel enthusiast deeply knowledgeable about her country. She shares insights on Saudi Arabia's unique tourist destinations, historical landmarks, archaeological sites, cultural diversity, and international events—everything a traveler might need to know.
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GCC Railways Project: Connecting Gulf Nations with a Unified Railway Network by 2030
Chaired by Qatar, the 26th Meeting of GCC Transport Ministers showcased the importance of the GCC Railways Project. Held on November 7, 2024, it brought together transport leaders to discuss future transportation goals. The meeting also discussed unified regulations for land transport among GCC nations. These rules aim to streamline travel, offering improved consistency and safety for Gulf citizens and visitors.
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Sotheby’s Will Host Saudi Arabia’s First-Ever International Auction in 2025
Sotheby’s will host the first-ever international auction in Saudi Arabia on February 8 2025. The exact location of the two-part evening sale has not yet been disclosed but it will be somewhere in the historic town of Diriyah on the outskirts of the capital, Riyadh. Diriyah is the original home of the Saudi royal family and has a UNESCO heritage site. Artworks by international and Saudi artists – including a diptych from Ahmed Mater’s The Illumination Series – Islamic objects, jewelry, watches, cars, sports memorabilia, and handbags will go under the hammer for the sale, titled “Origins.” It will coincide with Sotheby’s opening an office in the Al Faisaliah Tower in Riyadh, which is the first skyscraper in the country and designed by Norman Foster.
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Rory McIlroy says Donald Trump’s election ‘clears the way’ for PGA Tour-PIF deal
“Given today’s news with what’s happened in America, I think that clears the way a little bit,” McIlroy told reporters at the DP World Tour’s Abu Dhabi HSBC Golf Championship. Trump told the Sirius XM podcast “Let’s Go!” with Jim Gray and Bill Belichick earlier this week that he believes “it would take me the better part of 15 minutes to get that deal done” between the PGA Tour and the PIF, the Saudi Arabia sovereign fund that owns and operates LIV Golf.
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Beyond oil: Google’s big bet on Saudi Arabia’s AI future
In a landmark move signaling the growing importance of the Middle East in the global tech landscape, Google has entered into a strategic partnership with Saudi Arabia’s Public Investment Fund (PIF), the kingdom’s sovereign wealth fund. Google Cloud and PIF announced the agreement, which would see the establishment of a new artificial intelligence (AI) hub in Saudi Arabia, on the sidelines of the Future Investment Initiative 8th Edition (FII8) conference in Riyadh. The hub, to be located near Dammam in the Eastern Province, will feature the latest Google Cloud infrastructure, including tensor processing units (TPUs) and graphics processing units (GPUs). The partnership aims to position Saudi Arabia as a global AI leader, drive advancements in Arabic language AI models, and create thousands of jobs in the technology sector. The partnership underscores the “growing interlink” between AI and energy, as Saudi Arabia — along with the United Arab Emirates and other Gulf states — uses its energy surplus to power data centers, a critical pillar of AI infrastructure. This energy advantage makes the region increasingly attractive to tech giants like Google, Microsoft, Nvidia, and Amazon.
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How Donald Trump might tackle the Middle East in 2025
When asked if he would re-negotiate a deal with Iran if he was re-elected, Trump said “Sure, I would do that” and that “we have to make a deal because the consequences are impossible.” He also asserted that Iran would have made a deal because “[he] gave them a country that wanted to make a deal. They had to. There was no money to Hamas. There was no money to Hezbollah.”
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