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Report: Saudi Arabia to Work with OPEC to ‘Stabilize Prices’
- November 24,2015
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- SUSTG Team
A Bloomberg report citing the Saudi Press Agency said the Kingdom would work with producers within and outside the Organization of the Petroleum Exporting Countries to stabilize the market. The news sent oil price futures higher on international indices on Monday, but speculation about a global supply glut and signs of rising U.S. stockpiles caused […]
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Land Tax Finalized: 2.5% Annual Fee on Property Approved in Cabinet Session Chaired by King Salman
- November 23,2015
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- SUSTG Team
Saudi Arabia’s cabinet, in a meeting chaired by King Salman, finalized a 2.5% fee on undeveloped land within city limits intended for residential or commercial use, according to the SPA and reports. Property experts told the Saudi Gazette that the fee could raise up to $13 billion (SR50 billion) worth of revenues annually for the government. The […]
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Saudi Arabia to Host December Conference Seeking to Unite Syrian Opposition
- November 20,2015
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- SUSTG Team
Saudi Arabia will host a conference in mid-December to try to unite the Syrian opposition ahead of new peace talks, according to reports. The goal of the conference is to attempt to present various factions of the Syrian opposition as a united front in future negotiations. According to reports, the U.N. envoy to Syria, Staffan De Mistura, “informed the […]
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Saudi Forces Train to Fight in Rugged Mountain Terrain as War in Yemen Continues
- November 19,2015
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- SUSTG Team
Military personnel from Saudi Arabia were photographed by the official Saudi Press Agency (SPA) training in remote mountain terrain as the battle against the Houthi rebels in Yemen continues. Victory has remained elusive for the Saudi-led coalition fighting in Yemen, but steady gains on the back of coalition airstrikes have turned the tide in the […]
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Storms Pound Saudi Arabia as Floods in Jeddah Claim 12 lives
- November 18,2015
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- SUSTG Team
At least 12 people are dead as torrential rains have flooded Jeddah, Saudi Arabia’s second-largest city, as thunderstorms reportedly turned “wadis into rivers and alleyways into raging torrents.” Local meteorologists report the city received 22 millimetres (.86 inches) of rain over a few hours. Two people were electrocuted when they touched a lamp post as they […]
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Saudi Shoura Council Approves Tax on Vacant ‘White Properties’ in Saudi Arabia
- November 17,2015
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- SUSTG Team
Saudi Arabia’s Shoura Council has approved a plan to tax landowners on vacant properties following an earlier Saudi Cabinet decision to pursue a tax on so-called ‘white properties.’ The plan was approved by Saudi Arabia’s King Salman in March and the issue was sent to the Shoura council to be voted upon. It still awaits […]
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HRH King Salman, Saudi Officials React to Paris Tragedy
- November 16,2015
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- SUSTG Team
Saudi Arabia’s top leaders have responded with unequivocal condemnation of the attacks and expressed condolences to French leaders in the aftermath of the Daesh-orchestrated seige of Paris on Friday. “We learned about the pain and the sadness of the terrorist attacks in Paris… We express our condemnation for this repugnant terrorist act and offer our […]
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Skyline of Saudi Capital Riyadh Lights Up with France’s Flag Colors in Solidarity with Longtime Ally
- November 15,2015
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- SUSTG Team
Landmarks in Saudi Arabia’s capital, Riyadh, displayed the colors of the French flag in solidarity with the longtime European ally nation in the aftermath of the terrorist attacks by claimed by Daesh on Friday. Riyadh’s Kingdom Tower and the Al Faisaliyah tower both featured the colors of blue, white, and red. “We learned about the […]
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KAUST Announces New Partnership with Dow, Launches Venture Capital Fund with ICD
- November 13,2015
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- SUSTG Team
Saudi Arabia’s King Abdullah University of Science and Technology (KAUST) announced two new partnerships this week, including a R&D agreement with Dow Chemical and the creation of a venture capital fund with the Islamic Corporation for the Development of the Private Sector (ICD). The university’s campus is now the future home of the new Dow Middle East […]
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Saudi Arabia’s Unknown Shale Potential is Yet Another Variable in Shifting Global Energy Landscape
- November 12,2015
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- SUSTG Team
The impact of the rise of shale production, particularly in the United States, has radically changed the trajectory of the global energy landscape. Only in the last year, when Saudi Arabia and OPEC decided to boost production rates to mute the impact of shale and regain market share, has conventional energy regained top-dog status in […]
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Iran smuggled drones into Russia using boats and state airline, sources reveal
Iran has used boats and a state-owned airline to smuggle new types of advanced long-range armed drones to Russia for use in its war on Ukraine, sources inside the Middle Eastern country have revealed. At least 18 of the drones were delivered to Vladimir Putin’s navy after Russian officers and technicians made a special visit to Tehran in November, where they were shown a full range of Iran’s technologies.
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Suspected Iranian Weapons Seized by U.S. Navy May Go to Ukraine
U.S. officials said they are looking at sending Ukraine more than 5,000 assault rifles, 1.6 million rounds of small arms ammunition, a small number of antitank missiles, and more than 7,000 proximity fuses seized in recent months off the Yemen coast from smugglers suspected of working for Iran.
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The emerging Iran-Ukraine dialogue in Oman
The backdrop is that western isolation of Russia over the Ukraine war has compelled President Vladimir Putin to increasingly turn to Iran for drones. The unexpected military cooperation has been a game-changer in the relationship between Moscow and Tehran, which has long been marred by mistrust that has deferred genuine strategic cooperation. In a stunning example of the current shift, the Islamic Republic may soon take delivery of Russian conventional weapons systems that would seriously complicate “all options on the table” by the US against Iran, including Su-35 fighter jets
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Boeing, Airbus Sell 470 Planes to Air India in Record Deal
Air India Ltd. ordered 470 jets from Boeing Co. and Airbus SE EADSY 0.63%increase; green up pointing triangle, marking the largest deal for commercial aircraft in aviation history and coming as airlines scramble for jets to meet surging demand for air travel. The airline said it has agreed to purchase 250 Airbus jets. It also ordered 220 Boeing planes, according to the White House, which announced the Boeing side of the deal.
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Saudi Data and AI Authority (SDAIA) and Rackspace Technology Sign Memorandum of Understanding
“SDAIA’s aim is to establish the Kingdom as a global center that turns the best of data and artificial intelligence into reality,” said Waleed Alghamdi, Assistant Director General for Digital Technologies at National Information Center – SDAIA. “It is therefore imperative to have a world-class technology partner who can not only serve as a trusted advisor but also provide practical support at all stages of digital transformation. We believe that Rackspace Technology, with its strong cloud heritage, deep expertise and extensive partner relationships is the right partner to support us in making Vision 2030 a reality.”
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Raisi on landmark China visit as Iran nears SCO membership
Pro-government media outlets in Iran are talking up President Ebrahim Raisi's landmark trip to China. The three-day visit comes as the Islamic Republic hopes to enhance relations in line with its "look to the east" doctrine. Yet, the much-touted 25-year strategic cooperation agreement between the two nations has yet to be implemented on the scale its supporters had seemingly been expecting. Meanwhile, hours before Raisi was due to leave for Beijing, Iran’s Guardian Council announced that the legal process of joining the Shanghai Cooperation Organization (SCO) has been formally completed.
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TONOMUS teams with Oracle and NVIDIA to boost AI adoption across NEOM and Saudi Arabia
The collaboration is designed to accelerate AI-powered innovation for a broad range of use cases by enterprises and government organizations. TONOMUS will provide customers with direct access to NVIDIA’s advanced AI, digital twin solutions that take advantage of the planned Oracle Cloud Region to be located at NEOM, hosted by ZeroPoint DC hyperscale data center and via TONOMUS’ digital cloud platform.
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Greenpeace to appeal Spain-Saudi arms deal confidentiality
Greenpeace said Monday it will appeal a Spanish Supreme Court decision blocking public access, on national security grounds, to information on government export licenses for vehicle-mounted weapons systems sold to Saudi Arabia.
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Shaima Saleh Al-Husseini, managing director of the Saudi for All Federation
Al-Husseini said that the SFA considers physical activity its “mandate,” which translates to more public competitions and events such as the women’s cycling series. “We will continue to stage activities under the Quality of Life Program, and work hard toward our goal to get people involved in sports and activities of all types,” she added.
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Saudi PIF raises $5.5bn from sale of second green bond
Saudi Arabia’s Public Investment Fund (PIF) has raised $5.5bn from its second green bond issuance. The issuance follows the fund’s inaugural green bond in October 2022, the first-ever green bond issued by a sovereign wealth fund, and the first-ever 100-year green bond.
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