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As Thaw Continues, Broadcasts by Qatar-based beIN Sports TV Channel Appear on Saudi TVs, Witnesses Say
- January 19,2021
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- SUSTG Team
Qatar-based TV channel beIN Sports was broadcast in Saudi Arabia on Monday after the two countries reconciled this month, ending a rift of more than three years, according to Reuters. The sports channel was barred from broadcasting in Saudi Arabia since mid-2017, when relations between the two countries were suspended, and was even the subject of international litigation between […]
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After Strong Finish in 2020, Oil Likely to Continue Steady Comeback in 2021 — Jadwa Investment
- January 18,2021
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- SUSTG Team
After a strong finish to 2020, oil demand will continue rising in Q1 and during the rest of the year on a quarterly basis, but still end up 3 percent lower than pre-COVID-19 levels by the end of 2021, a recent report by Jadwa Investment on the market said.
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Oil Set for Weekly Gain, Hits 11-Month High on Announced Saudi Oil Cuts
- January 8,2021
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- SUSTG Team
Oil prices hit 11-month highs and were on track for a weekly gain on Friday, boosted by Saudi Arabia’s pledge to cut output announced this week.
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Positive Economic Data Seen in Latest Saudi Chartbook for January 2021 – Jadwa Investment
- January 4,2021
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- SUSTG Team
A more optimistic Saudi private sector reacting to the start of the vaccine rollout in the Kingdom is is being credited for positive data seen for Saudi Arabia’s economy, Jadwa Investment says in its latest Charbook for the month of January 2021. Saudi Arabia’s non-oil PMI saw a significant monthly rise in November, the latest data available and reported […]
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Saudi Arabia’s PIF Makes Two Moves in Security, Defense Space
- December 29,2020
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) and its defense subsidiary SAMI announced separate moves in the defense and security space this week, according to reports. The PIF said Tuesday it had established a company to develop and expand the private security sector in the Kingdom, creating the National Security Services Co. (SAFE). SAFE will focus on […]
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Princess Reema in Vogue Middle East: ‘Profound, Historic Changes’ for Women in Saudi Arabia
- December 11,2020
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- SUSTG Team
Saudi Arabia’s Ambassador to the United States Princess Reema bint Bandar penned an open letter for Vogue Middle East discussing the progress made and path forward for Saudi Arabia’s women, noting that women in the Kingdom are “cracking the glass ceiling.”
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Saudi Prince Turki al-Faisal Offers Harsh Criticism of Israel at the Manama Dialogue Summit
- December 7,2020
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- SUSTG Team
Saudi Arabia’s Prince Turki al-Faisal harshly criticized Israel on Sunday at the Manama Dialogue summit that was remotely attended by Israel’s foreign minister, demonstrating the chasm that still exists between the two nations as reports claim that a deal to establish diplomatic ties may happen soon.
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Gradual Private Sector Recovery Underway in Saudi Arabia, Latest Data Indicates – Jadwa Investment
- December 1,2020
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- SUSTG Team
Saudi Arabia’s private sector is beginning to see signs of a gradual recovery, with non-oil PMI rising for the second consecutive month in October, Jadwa Investment says in its latest monthly Chartbook for the Saudi economy.
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Saudi Arabia Hosts First G20 in Middle East; Leaders Pledge Collective Action on Coronavirus
- November 23,2020
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- SUSTG Team
Leaders of the G20 nations, the world’s largest economies, concluded their two-day virtual summit this weekend hosted by Saudi Arabia offering pledges to cooperate on the Coronavirus pandemic, the global economic recovery, energy and climate change, and women’s empowerment. The nations succeeded in sending a message of “hope and reassurance to their citizens and the global community,” Saudi […]
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Saudi Arabia’s Public Investment Fund Eyes Pivot to Domestic Investments in 2021 and Beyond
- November 17,2020
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- SUSTG Team
After investing billions in equities in the United States and elsewhere overseas, Saudi Arabia’s Public Investment Fund (PIF) is turning its focus to domestic investments in the Kingdom in 2021 and beyond, Bloomberg reports, citing comments from Crown Prince Mohammed bin Salman.
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MUST-READS
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Opinion: The Changes to Hajj Could be a Saudi Soft Power Game
In Muslim-majority countries these lotteries are run by governments. However, in the West, several Hajj tour operators called munazzams (“organisers”) in each country are allocated a small number of Hajj visas by the Saudi government. Since 2006, pilgrims living outside of Muslim-majority countries had been required to purchase a Hajj package – including a visa, flight, accommodation, and other services – from one of hundreds of these munazzams. The cost of these packages usually range US $10-20,000 per person.
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Many foreign workers surprised when received SMS on change of profession
The change in some professions comes after the Ministry of Human Resources and Social Development updated the regulations with regard to some professions of foreign workers in the private sector, in line with the professions approved by the Saudi Standard Classification of Occupations (SSCO). This in cooperation with the Qiwa platform under the ministry, the General Authority for Statistics (GASTAT), and the General Directorate of Passports (Jawazat).
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Sustainable change: The role of gigaprojects as catalyst
From a built environment perspective, sustainable change in the Middle East requires a reimagination about how we plan, design, and build. The gigaprojects provide an opportunity to innovate, from driving new thinking on modular construction, the use of advanced technology tools such as parametric design, and how to stand the test of time.
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How the manufacturing of the Kaaba cover, kiswa, changed over the centuries
Making the kiswa is no easy feat. Skilled workers and technicians put in hours to precisely and immaculately create and embroider the kiswa to cover the Kaaba, which is a focal point for Muslims around the world throughout the year. Arab News went on a tour of the King Abdulaziz Complex for Manufacturing the Kaaba Kiswa in Makkah to witness the fabrication of the kiswa firsthand.
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How the manufacturing of the Kaaba cover, kiswa, changed over the centuries
The 100,000-square meter complex was previously known as the Kiswa Factory, which was established in 1928. Its name was changed to the King Abdulaziz Complex for Manufacturing the Kaaba Kiswa in memory of King Abdulaziz, the founder of Saudi Arabia, following a royal decree from King Salman in 2017. Al-Maliki said the complex had witnessed many developments, such as moving from traditional manual work to an automated system.
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Saudi Arabia changes Hajj application system: Audio
Saudi Arabia's Ministry of Hajj has instituted a new application system for Muslims coming from Western nations. The change has caused confusion and a loss of the ability to perform the pilgrimage this year. The World's Carol Hills spoke with Seán McLoughlin, a professor of Islamic anthropology at the University of Leeds, about the challenges in the new system and why it was implemented in the first place.
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British Muslim travel agencies in uproar over Saudi hajj changes
But travel companies said the sudden change – announced by Saudi Arabia in a move to crack down on fraudulent firms weeks before the start of the pilgrimage to Mecca from 7 to 12 July – could cause them to go under. The hajj, an obligation for able-bodied Muslims, is one of the largest religious pilgrimages in the world and usually draws about 2 million people a year. The Council of British Hajjis charity estimates the UK’s hajj sector is worth about £200m.
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British Muslim travel agencies in uproar over Saudi hajj changes
British Muslim travel companies have said they face going out of business, with travellers potentially losing thousands of pounds, after Saudi Arabia launched a new system for applying for the hajj pilgrimage. The Saudi government announced this month that pilgrims from Europe, the US and Australia could no longer book through travel agencies and would instead have to apply through a lottery system.
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Saudi state desalination plants set to change hands
The Public Investment Fund, through its fully owned subsidiary Water Solutions Company (WSC), is planning to take ownership of the plants currently owned by the Saline Water Conversion Corporation (SWCC). SWCC’s portfolio encompasses 32 plants with a combined capacity of 5.9 million m3/d. This figure is set to rise to 8 million m3/d by 2025 as the body invests in more efficient replacement facilities to reduce its carbon footprint.
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Saudi Crown Prince visit Turkey in major posture change for Erdogan
The crown prince and Erdogan are now aiming to fully normalize their relationship. A joint statement issued following the leaders’ talks detailed a new period of bilateral ties, including the removal of trade restrictions, more scheduled talks and a possible currency swap. This comes as Turkey faces an economic crisis, with inflation at a record high of more than 70% and a severely depreciated currency. The Turkish lira has lost more than half of its value in the last year.
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