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Recent stories from sustg
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Saudi Arabia Establishes ‘Esports World Cup’ with Competition in Globally Popular Games, Major Prize Pool
- October 24,2023
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- SUSTG Team
Saudi Arabia has announced the launch of the Esports World Cup, an annual event that will include the most popular games in the world and have a prize pool of $10 million, according to reports.
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King Salman’s pivotal role in Saudi Arabia’s past and present with author and columnist David Rundell; plus, archaeology in Al Ula, Wa’ed’s new investment, and more…
- September 15,2023
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- SUSTG Team
Author David Rundell joins to discuss King Salman’s incredible impact on Saudi Arabia. King Salman has played an enormously pivotal role for the Kingdom of Saudi Arabia and the development of the modern Saudi state. Before the conversation, the hosts discuss an archaeology summit taking place in Al Ula this week, an interesting and exciting […]
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Aramco Share Sale Nets $12 Billion
- June 5,2024
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- SUSTG Team
This is Aramco’s second share sale after it first entered public markets in 2019 offering 1.5% of the company and raising a record $29.4 billion, history’s largest IPO to date. Aramco is the world’s largest oil company in terms of both daily crude production and market cap.
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IMF Sees OPEC+ Turn on Oil Production as Boon for Saudi Economy in 2025 – Report
- April 19,2024
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- SUSTG Team
The International Monetary Fund said it expects OPEC and its partners to start increasing oil output gradually from July, “a transition that’s set to catapult Saudi Arabia back into the ranks of the world’s fastest-growing economies next year,” according to a report in Bloomberg. “We are assuming the full reversal of cuts is happening at the beginning of 2025,” […]
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Innovative Prince Mohammed Bin Salman Stadium in Qiddiya, Saudi Arabia Departs from Stadium Design Norms
- January 19,2024
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- SUSTG Team
A new and innovative stadium design at Qiddiya, the entertainment mega-city outside of Saudi Arabia’s capital Riyadh, is set to provide a fresh take on design for sports and entertainment venues.
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President Biden, Saudi Crown Prince Mohammed bin Salman Hold Call to Discuss Israel-Hamas War Diplomacy
- October 25,2023
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- SUSTG Team
U.S. President Joe Biden and Saudi Arabian Crown Prince Mohamed bin Salman on Tuesday discussed efforts to prevent the Israel-Hamas conflict from widening, the White House said.
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US, Bahrain Sign Strategic Security and Economic Agreement in Potential Model for Other Regional States
- September 14,2023
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- SUSTG Team
The US and Bahrain have upgraded their defense relationship under a new security and economic relationship which U.S. Secretary of State Antony Blinken said would expand defense and intelligence collaboration between the two countries, Reuters reports.
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KSA Hosts 2024 World Environment Day
- June 4,2024
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- SUSTG Team
Saudi Arabia is hosting the 2024 World Environment Day on June 5 and the upcoming 16th Conference of the Parties of the UN Convention to Combat Desertification and Drought (COP16) in December 2024.
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Prospects for Saudi Arabia hitting 2030 Renewable Energy Targets
- April 19,2024
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- SUSTG Team
In 2016 Saudi Arabia’s Vision 2030 had an initial target of deploying 9.5GW of green energy by 2030. The latest revision made in 2023 targets 130GW of renewable power capacity by 2030. GlobalData, a leading data and analytics company, says the Kingdom can come close to that target.
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A new slogan for Saudi Arabia? Taking stock of the Saudi Pro League, and much more – The 966 Episode 119
- January 22,2024
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- SUSTG Team
In Episode 119, The 966 hosts Lucien and Richard discuss a variety of topics and some of the latest news and developments on Saudi Arabia.
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MUST-READS
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China’s exports rise unexpectedly, but economists warn of weakness ahead
China's exports unexpectedly surged in March, with officials flagging rising demand for electric vehicles, but analysts cautioned the improvement partly reflects suppliers catching up with unfulfilled orders after last year's COVID-19 disruptions. Exports in March shot up 14.8% from a year ago, snapping five straight months of declines and stunning economists who predicted a 7.0% fall in a Reuters poll.
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One in four Americans now sees China as an enemy of the US
Registered Republicans and Republican-leaning independents are nearly twice as likely as registered Democrats and Democrat-leaning independents to view Beijing as an enemy. But the share of Democrats who describe China as a foe has more than doubled since March 2022, from 12% to 27%. The share of Democrats who think of China as a partner has more than halved over the same period, to 7%. According to Pew, 83% of US adults have unfavorable views of China, versus 14% with favorable views.
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China’s Sinopec to take stake in Qatar’s North Field East
China's Sinopec will take a stake in the eastern expansion of Qatar's North Field liquefied natural gas (LNG) project, state energy company QatarEnergy said on Wednesday. The state-owned Chinese gas giant will take a 5% stake in the equivalent of one North Field East LNG train with capacity of 8 million tonnes per year, a QatarEnergy statement said.
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A Flirtation With China Won’t Rock the Saudi-US Marriage
Saudi Arabia is spreading its wings, but it’s doing so within a US umbrella. And it’s being very careful not to challenge the fundamental partnership with Washington. Since the Russian invasion of Ukraine, the US is increasingly recognizing that security control of the three key waterways around the Middle East (the Red Sea, Arabian Sea and Persian Gulf) and the three crucial choke points (the Suez Canal, Bab al-Mandab and the Strait of Hormuz) is one of the most significant American competitive advantages in great power competition with China.
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Saudi Arabian, Iranian Foreign Ministers Hold Meeting in China As Ties Warm
Saudi Foreign Minister Faisal bin Farhan and his Iranian counterpart Hossein Amirabdollahian discussed steps toward reopening their embassies and other bilateral issues, Iran’s state-run Islamic Republic News Agency reported. The countries vowed to “eliminate any obstacles in the way of expanding cooperation” and grow security and trade ties, according to a joint statement published by Iran’s foreign ministry.
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‘Win-win’: Washington is just fine with the China-brokered Saudi-Iran deal
“Not everything between the U.S. and China has to be a zero-sum game,” said Sen. Chris Murphy (D-Conn.), who leads the Senate Foreign Relations Committee’s Middle East panel. Plus, he said, better relations between Riyadh and Tehran means that there will be less conflict in the region, which would lower the chance of the United States getting dragged into a fighting in the Middle East. “I don’t know why we would perceive there to be a downside to de-escalation between Saudi Arabia and Iran.”
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Top Saudi, Iranian diplomats to meet in China, say media, officials
The top envoys for Saudi Arabia and Iran will meet in Beijing on Thursday, an Iranian official and a Saudi-owned newspaper said, as the two regional rivals work to hash out next steps of their diplomatic rapprochement amid a China-brokered deal. The meeting between Prince Faisal bin Farhan Al Saud and his Iranian counterpart, Hossein Amirabdollahian, will be the first formal meeting between Saudi Arabia and Iran's most senior diplomats in more than seven years.
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Top Saudi, Iranian diplomats to meet in China, say media, officials
The top envoys for Saudi Arabia and Iran will meet in Beijing on Thursday, an Iranian official and a Saudi-owned newspaper said, as the two regional rivals work to hash out next steps of their diplomatic rapprochement amid a China-brokered deal. The meeting between Prince Faisal bin Farhan Al Saud and his Iranian counterpart, Hossein Amirabdollahian, will be the first formal meeting between Saudi Arabia and Iran's most senior diplomats in more than seven years.
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What Saudi Arabia’s Shanghai Cooperation deal means for China and the region
"With the emergence of China as a rising international power, Riyadh does not want China's relations in the region to be limited to strategic relations only with Iran," said Al-Otaibi. "Saudi Arabia aims to strengthen the Gulf and Arab weight in the circle of China's relations with the region."
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Inside story: Is China about to host Iranian, Saudi chief diplomats?
After their fourth contact in less than three weeks, the foreign ministers of Iran and Saudi Arabia have agreed to meet “in the coming days.” After ambiguity over the location of the gathering, Amwaj.media has learned, China has emerged as one likely option. The slow but steady movement towards a face-to-face encounter between the chief diplomats comes in the wake of the Mar. 10 announcement by Riyadh and Tehran that diplomatic ties will be resumed within two months. The Kingdom cut ties with the Islamic Republic in 2016 in response to the storming of its diplomatic facilities by Iranian protesters over the execution of a dissident Saudi Shiite cleric.
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