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Recent stories from sustg
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NEOM Unveils Leyja, the Area’s Latest Sustainable Tourism Destination
- October 16,2023
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- SUSTG Team
Saudi Arabia’s NEOM unveiled on Sunday the latest addition to its portfolio of ecotourism developments, “Leyja,” that starts along the Gulf of Aqaba coast and stretches inland through a valley surrounded by 400-meter-high mountains.
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Marriott International Signs Agreement with NEOM to Open Two Luxury Properties in Trojena
- September 25,2023
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- SUSTG Team
Marriott International, Inc. announced it has signed an agreement with NEOM to open two luxury properties in Trojena, NEOM’s mountain destination located in the north-west region of Saudi Arabia. The agreement includes Saudi Arabia’s first W Hotel, and a JW Marriott property, according to a press release.
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Zelensky meets with Crown Prince in Jeddah
- June 13,2024
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- SUSTG Team
Ukrainian President Volodymyr Zelensky met with Crown Prince Mohammed Bin Salman during an unannounced visit to Jeddah this weekend.
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Special World Economic Forum Convenes in Riyadh
- April 29,2024
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- SUSTG Team
The World Economic Forum Special Meeting on Global Collaboration, Growth and Energy for Development in Riyadh convenes 1,000 global leaders from 92 countries on 28-29 April, to support global dialogue and find actionable, collaborative and sustainable solutions to shared global challenges.
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Palestinian State a Must for Any Saudi-Israel Deal after Israel Invasion of Gaza – Ambassador
- January 10,2024
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- SUSTG Team
Saudi Ambassador to the United Kingdom Prince Khalid bin Bandar discussed the status of Saudi-Israel relations in light of the ongoing Israeli invasion of Gaza, telling the BBC a pact was “close” when the the kingdom paused US-brokered talks after Hamas’s deadly attacks on Israel on 7 October.
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Saudi Aramco’s CEO Says Kingdom is Eying New Investments in LNG – Report
- October 17,2023
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- SUSTG Team
Amin Nasser, the CEO of Saudi Aramco, said his company is looking at more investments in liquefied natural gas (LNG) to boost its plans to become a leading player in the seaborne gas market, according to a report.
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The CEO of Riyadh’s financial district, Gautam Sashittal, joins The 966 to talk about the Kingdom’s original giga-project and the city of the future
- September 22,2023
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- SUSTG Team
Gautam Sashittal, the CEO of Riyadh’s financial district that has redefined Riyadh’s skyline and is the city’s most sought-after business address and lifestyle destination, joins The 966 podcast. The district is home to many of Saudi Arabia’s largest companies and regional headquarters of international corporations doing business in the region, as well as the Kingdom’s […]
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ACWA Power plans $1.9 Billion Stock Sale
- June 12,2024
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- SUSTG Team
Saudi Arabia’s ACWA Power Co. is planning to raise $1.9 billion by issuing stock to existing shareholders, capitalizing on a sixfold increase in its share price since a 2021 listing.
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Vision 2030 Marks 8th Year Since Launch
- April 26,2024
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- SUSTG Team
Launched on April 25, 2016, Vision 2030, Saudi Arabia’s blueprint for economic and social transformation marks it 8th year and the halfway point between 2016 and 2030.
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New Mega Mountain Resort Aquellum, a ‘Subterranean Digitalized Community of the Future,’ Added to NEOM’s Growing Vacation Destination Offerings
- January 11,2024
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- SUSTG Team
NEOM has announced Aquellum, a new “luxury and experiential” vacation destination which is the latest addition to the ongoing regional development in northwest Saudi Arabia.
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MUST-READS
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Analysis: Why is Turkey causing problems to Finland and Sweden’s wish to join NATO?
Just when it seemed like Finland and Sweden's accession into NATO was imminent, Turkey has taken its allies by surprise by throwing a wrench into the works. President Recep Tayyip Erdogan said he didn't view "positively" the Nordic countries' desire to join the alliance, accusing the two of being "like guesthouses for terror organizations." He told his party lawmakers in Ankara on Wednesday that he expects NATO members to "understand, respect and support" Turkey's security issues.
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Turkey threatens to block Finland and Sweden Nato bids
Turkey's president has restated his opposition to Finland and Sweden joining Nato - just hours after they said they would seek membership. Recep Tayyip Erdogan said the two Nordic nations should not bother sending delegations to convince Turkey, a key Nato member, of their bids. He is angered by what he sees as their willingness to host Kurdish militants.
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Can Ankara-Riyadh rapprochement help improve Turkey-Egypt ties?
According to Egypt's former deputy foreign minister Hassan Haridi, Cairo will remain reluctant to fully normalize diplomatic ties until Turkey cuts off all the Brotherhood-affiliated TV channels based in Turkey. Ali al Hafni, another former Egyptian diplomat, meanwhile, said that Turkey also needs to take additional confidence building measures before a full normalization. Similarly, Shoukry stressed last year year that Ankara needs to stop meddling in Egypt's internal affairs and sponsoring hostile radical groups.
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Iran, Turkey, and the future of the South Caucasus
From Tehran’s point of view, Azerbaijan’s victory in the 2020 war against Armenia could not have been achieved without Turkish and Israeli support and a Russian inability to prevent Armenia’s defeat. In this Iranian reading, Baku has been emboldened and views “its military-diplomatic strategy [as] vindicated.” This includes its decision to select Turkey and Israel as its primary foreign partners.
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Turkey’s cost of living soars nearly 70%
Countries around the world are dealing with a growing cost of living crisis. But Turkey's problems have been made worse by its president's reluctance to raise interest rates - a commonly used tool to help cool inflation. The cost of food and non-alcoholic drinks saw an annual increase of 89.1%, while furnishings and household equipment were up 77.64%.
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Opinion: Deteriorating Israeli-Russian relations – A cautionary message for the UAE, Saudi Arabia, and Turkey
Israel has walked a fine line in crafting its management of the Ukraine crisis. It rejected Ukrainian requests for arms sales, including its acclaimed Iron Dome anti-rocket system, and access to Israeli surveillance technology, while providing humanitarian assistance to the war-torn country. Israel has also shared intelligence, voted for a United Nations General Assembly resolution condemning the Russian invasion, and convinced the United Arab Emirates to do likewise. Furthermore, Israel voted for an Assembly resolution suspending Russian membership in the UN Human Rights Council.
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Will Turkey’s outreach to the PUK change Iraqi Kurdish politics?
Between the two ruling parties in Iraqi Kurdistan, Turkey has warmer relations with the KDP. Ankara’s relationship with the PUK has long been strained due to the latter’s ties with the PKK, which is based on an ideological overlap, and the PUK’s need to balance the KDP’s political power.
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Turkey, Saudi to revive great economic potential, Erdogan says
The media readout did not mention a possible currency swap line nor specifics of any other planned investments that could help relieve Turkey's economic strains. "We agreed with Saudi Arabia to reactivate a great economic potential through organisations that will bring our investors together," Erdogan said.
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Saudi Arabia, Turkey react to Elon Musk’s Twitter takeover
Turkey has a history of pushing for censorship on Twitter. In 2020, Turkey led the entire world in court orders sent to Twitter, followed by Russia.
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Turkey launches new ground and air offensive in northern Iraq
Turkey has launched a new ground and air cross-border offensive against Kurdish militants in northern Iraq, that has left at least 19 suspected Kurdish rebels dead and has wounded at least four Turkish soldiers, Turkey’s defense minister said Monday. Turkish jets and artillery struck suspected targets of the Kurdistan Workers’ Party, or PKK, and commando troops — supported by helicopters and drones — then crossed into the region by land or were airlifted by helicopters, Defense Minister Hulusi Akar said in a video posted on the ministry’s website.
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