SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

Recent stories from sustg

MUST-READS

  • Alicia Keys To Perform in Saudi Arabia In Honor of International Women’s Day

    It's clear that Alicia Keys loves her Saudi Arabian fans. In honor of International Women’s Day (Friday, March 8), Alicia Keys will host the third edition of her initiative called "Women to Women".  The private event taking place in Saudi Arabia, is in conjunction with the country's Formula 1 Grand Prix and is backed by Swizz Beatz's Good Intentions creative agency and international music platform 'MDLBEAST'. 

  • Two UK men found not guilty over bribes for Saudi military deals

    The former managing director of an Airbus subsidiary was acquitted in a London court on Wednesday of bribing senior Saudi Arabian officials, after a trial in which the British government was accused of involvement in the alleged corruption. Jeffrey Cook, who ran GPT Special Project Management, had been charged with overseeing corrupt payments to middlemen to obtain lucrative deals with the Saudi Arabian National Guard.

  • Saudi Aramco, UAE’s ADNOC in talks to invest in US LNG projects, sources say

    The two energy giants are trying to exploit their fossil fuel resources while they can and with demand for the chilled fuel expected to grow by 50% by 2030, they are tapping opportunities in the United States which has become the world's biggest exporter of LNG as it sends record volumes to Europe. Saudi Aramco is in talks to invest in phase 2 of Sempra Infrastructure's Port Arthur LNG project in Texas, which represents a proposed expansion to the already producing first phase, the sources said, declining to be identified due to the sensitivity of the matter.

  • F1’s George Russell calls for transparency after report FIA president sought to overturn penalty

    Mercedes driver George Russell has called for transparency following a report alleging that the president of Formula 1’s governing body intervened to overturn a penalty last season. Russell finished fourth behind Fernando Alonso in last year’s Saudi Arabian Grand Prix but was briefly upgraded to third when Alonso was given a 10-second penalty because Aston Martin’s pit crew touched the car with a jack while serving an earlier penalty. That ruling was later overturned.

  • A year ago, Beijing brokered an Iran-Saudi deal. How does détente look today?

    Given how hostile Iranian-Saudi relations were in the years leading up to the March 2023 agreement, such restoration of diplomatic ties was significant. Until a year ago, there were no diplomatic relations between the two countries since Riyadh severed ties with Tehran in January 2016, in response to attacks on Saudi diplomatic missions in Tehran and Mashhad following the execution of Shia cleric Nimr Baqir al-Nimr. The Saudi state’s killing of this cleric raised sectarian temperatures in the Middle East. It drastically heightened friction in Tehran-Riyadh relations, which had steadily deteriorated against the backdrop of armed conflicts and political crises in Bahrain, Iraq, Lebanon, Syria, and Yemen in the aftermath of the 2011 Arab Spring. 

  • Saudi bourse gains on Fed rate cut signal; ex-dividend stocks pull down Dubai, Qatar

    The Saudi Arabian stock market rose in early trade on Thursday as the U.S. Federal Reserve Chair said he expects interest rate cuts later this year, while bourses in Dubai and Qatar were weighed down by stocks trading ex-dividend. In remarks prepared for delivery to the House Financial Services Committee, Fed Chair Jerome Powell said that continued progress on inflation "is not assured," though the central bank still expects to reduce its benchmark interest rate later this year.

  • Gaza ceasefire talks at an impasse as humanitarian crisis deepens

    Hamas stuck to its terms for a ceasefire deal and hostage exchange with Israel on Wednesday after the United States said truce talks in Cairo were "in the hands of" the Palestinian militant group. Negotiators from Hamas, Qatar and Egypt - but not Israel - are in Cairo trying to secure a 40-day ceasefire in the war between Israel and the Islamist group in Gaza in time for the Muslim fasting month of Ramadan, which begins early next week.

  • ‘Reframed’ Iran ties shield Saudi in Gaza war: analysts

    A surprise deal reached one year ago to mend ties with Iran has paid dividends for Saudi Arabia, largely shielding it from the Gaza war and related unrest, analysts say. Though thorns remain in the complex relationship between the Middle East rivals, the rapprochement amounts to a signature diplomatic achievement for Crown Prince Mohammed bin Salman, Saudi Arabia's hard-charging de facto ruler.

  • Saudi Arabia Advances Tech Hub Leadership Position with $888 Million in Deals at LEAP 24

    Saudi Arabia further advanced its position as a regional tech and investment hub during LEAP 24, with the announcement of $888 million in investment funds and funding rounds backing innovation and tech entrepreneurship in the Kingdom and across the region. On the second day of LEAP 24 in Riyadh, Investcorp launched a $500 million growth-stage fund. Oasis Capital launched "Fund II" with a capital of $100 million. The National Development Fund and the Social Development Bank established the $40 million Gaming and Esports Investment Fund, managed by Impact46. Merak Capital established a fund with $80 million to support game accelerators in Saudi Arabia. Saudi Arabia’s Takamol Holdings launched a $50 million investment arm, focused on funding early-stage tech companies. Plug and Play launched its first fund to invest in technology startups, while X by Unifonic announced its first investment fund to support business software services for startups.

  • Crucial Red Sea data cables cut, telecoms firm says

    Several undersea communications cables in the Red Sea have been cut, affecting 25% of data traffic flowing between Asia and Europe, a telecoms company and a US official say. Hong Kong-based HGC Global Communications said it had taken measures to reroute traffic after four of the 15 cables were recently severed. The cause is not yet clear. The US official said it was trying to find out whether the cables were cut deliberately or snagged by an anchor. Last month, Yemen's internationally-recognised government warned that the Iran-backed Houthi movement might sabotage the undersea cables in addition to attacking ships in the sea.