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Recent stories from sustg
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U.S. Continues Campaign to Secure Critical Red Sea Trading Route with Terrorist Designation for Houthi Groups
- January 18,2024
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- SUSTG Team
The U.S. government on Wednesday returned the Yemen-based Houthi rebels to a list of terrorist groups as Washington seeks to halt attacks on international shipping in the Red Sea, according to a report in Reuters.
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At Davos, Kingdom Pushes Diplomacy and PIF Talks 2024 Investment Strategy
- January 17,2024
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- SUSTG Team
Saudi Arabia’s strong presence at the World Economic Forum in Davos, Switzerland is emblematic of an increasingly confident Kingdom on the global stage, with top officials from both the government and Saudi Arabia’s Public Investment Fund on the ground to promote Saudi Arabia’s interests.
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Saudi Arabia Invites Developers for 3.7 GW of Solar Projects
- January 16,2024
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- SUSTG Team
Saudi Arabia is seeking to award four solar projects with a combined capacity of 3.7 GW as part of the fifth round of its National Renewable Energy Program (NREP), with the Saudi Power Procurement Company (SPPC) opening the qualification process for companies interested in the development of the four projects, according to a report in renewablesnow.com.
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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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Saudi Arabia Issues $12 Billion Bond
- January 9,2024
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- SUSTG Team
Saudi Arabia sold $12 billion of bonds — its largest deal since 2017 — amid a record start to a year for emerging-market countries, according to a report in Bloomberg.
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The 966 Episode 117: Saudis are optimistic, but what does 2024 have in store for Saudi Arabia and the Middle East?
- January 8,2024
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- SUSTG Team
The 966 hosts kick off the new year after a refreshing holiday break following a successful year for the podcast in which the growth of the audience more than doubled across all platforms, and in some cases, grew significantly more than that! The team thanks all of its listeners and viewers for tuning in each […]
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Secretary Blinken to Visit Saudi Arabia on Regional Diplomatic Tour to Contain Regional Spread of Violence
- January 5,2024
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- SUSTG Team
U.S. Secretary of State Antony J. Blinken will travel to the Middle East region this week to “discuss urgent mechanisms to stem violence, calm rhetoric, and reduce regional tensions,” according to a press release from the State Department. The State Department said that Blinken will visit Istanbul, Türkiye; Crete, Greece; Amman, Jordan; Doha, Qatar; Abu Dhabi, the […]
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Saudi Arabia Condemns Two Deadly “Terrorist” Explosions in Iran; Islamic State Claims Responsibility
- January 4,2024
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- SUSTG Team
Saudi Arabia has condemned two deadly explosions in Iran at a ceremonial procession that killed and injured hundreds and put the region on edge. The explosions struck minutes apart on Wednesday, shaking the city of Kerman, about 820 kilometers southeast of the capital, Tehran.
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Saudi Non-Oil Business Activity Expands in December 2023, New Orders Rising at Fastest Pace in Six Months
- January 3,2024
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- SUSTG Team
Non-oil business activity in Saudi Arabia grew solidly in December with new orders rising at the fastest pace in six months, and the seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index stood at 57.5 in December ending 2023 well above the 50 mark signaling economic growth, Reuters reports. The data show a Saudi economy that is […]
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2023 a Big-Spending Year for PIF as Kingdom’s Wealth Fund Accounts for Over One Quarter of All Sovereign Spending
- January 2,2024
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- SUSTG Team
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF) spent more than any other last year, topping an annual ranking of sovereign investment fund spending compiled by consultancy Global SWF for the first time, according to reports.
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MUST-READS
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Saudi: AlUla signs IBM to implement smart city project
MISA has facilitated nearly a dozen investment agreements across aerospace, biotechnology, education and other sectors, illustrating sustained confidence in the Kingdom as a world-class investment destination. International partners in these agreements included:
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BeIN Sports picks Saudi firm as MENA advertising partner
Qatar-based beIN, a sports broadcaster said on Wednesday it had chosen a Saudi firm as its exclusive advertising partner in the Middle East and North Africa in a deal that a source put at around $150 million.
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Saudi healthtech startup Blazma scripts aggressive MENA entry plans to tap rising digital healthcare market
The startup, which operates a platform connecting medical testing laboratories, healthcare chains and patients, also plans to launch a fundraising plan in two months to finance its growth plans
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Son of US citizen detained in Saudi Arabia says State Department neglected father’s case
The son of a U.S. citizen being detained and allegedly tortured by Saudi Arabia over tweets he posted criticizing the kingdom told The Washington Post that the State Department neglected his father’s case.
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NEOM to open 25hours party hotel in Saudi mega city
“Both 25hours Hotels and Morgans Originals are ideal brands for TROJENA as we look to deliver extraordinary experiences for residents and visitors seeking luxury, adventure, entertainment, livability, and escape from the status quo,” TROJENA executive director and region head Philip Gullett said.
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Laila al-Jindan: ‘Art and culture are experiencing their best moment in Saudi Arabia’
Laila al-Jindan is a Saudi artist; I have a very special relationship with art and I have been aware of this since I was a child, especially with music and drawing, my two great weaknesses. Since I was a child, I used to take piano lessons and spend my free time drawing, which I enjoyed very much. Although I liked plastic arts and drawing, I couldn't devote myself to it, which was my true vocation and what I really liked. At that time it was not a discipline that enjoyed a lot of social support and this made me think about continuing my studies in computer science at university, and I devoted myself to art much later.
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U.S.-Led Drone Fleet Starting To Come Together in Middle East
In February, Cooper announced a goal of having 100 unmanned surface vessels patrolling the Persian Gulf, Red Sea, and other regional waters by the end of summer 2023. The region is already home to the year-old Task Force 59, the Navy’s hub for experimenting with unmanned systems and artificial intelligence.
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US State Department says Iran nuclear deal ‘not our focus right now’
The Iran nuclear deal is “not our focus right now,” US State Department spokesperson Ned Price said Wednesday, noting the administration was instead focusing on supporting the protesters in Iran as efforts to restore the nuclear deal have hit yet another impasse. “The Iranians have made very clear that this is not a deal that they have been prepared to make, a deal certainly does not appear imminent,” Price said at a department briefing.
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New National Security Strategy Returns Focus to Rules, Partnerships, and American Leadership
On Wednesday, the Biden administration released an unclassified version of the long-awaited document—it arrives seven months after the Defense Department submitted its classified National Defense Strategy—echoes its predecessor’s 2017 version in its focus on great power competition and China in particular. But the new strategy’s emphasis on America’s place in the international rules-based order marks a return from the Trump administration’s departure, and it also downgrades the Russian threat to “acute,” a step below China’s “pacing challenge.”
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Economies in Transition – International Monetary Fund Director of the Middle East and Central Asia Department Jihad Azour: Audio
In Season 3, Episode 4 of empowerME Conversations podcast, host and Atlantic Council empowerME Chairman Amjad Ahmad speaks with International Monetary Fund’s Director of the Middle East and Central Asia Department Jihad Azour and guest co-host Atlantic Council’s empowerME Director Racha Helwa to discuss the economy and market opportunities of the MENA region, women and youth empowerment, and the development of differing entrepreneurial ecosystems within the region.
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