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Riyadh’s Night Skies Light Up with New Years Fireworks for the First Time
- January 1,2020
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- SUSTG Team
The night sky over Riyadh was illuminated with fireworks and light shows to celebrate the beginning of the new decade last night.
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Unemployment declines in Saudi Arabia, further gains seen in 2020 – Jadwa Investment
- December 18,2019
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- SUSTG Team
Unemployment in Saudi Arabia declined in the 3q 2019 and is likely to continue to improve as a pick-up in the non-oil private sector growth should translate to more jobs, according to a recent report from Jadwa Investment.
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Global Construction Giant Bechtel Opens New Office in Al-Khobar, Saudi Arabia
- December 17,2019
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- SUSTG Team
Global engineering, procurement and construction (EPC) firm Bechtel has re-opened its office in Al-Khobar to “meet the increasing demand for quality services in the Oil and Gas sector in Saudi Arabia and in the region,” SUSTG has learned.
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Saudi Economy: Consistent Growth in Non-Oil Activity, Modest Overall Growth Forecasted for 2020 — Jadwa Investment
- November 27,2019
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- SUSTG Team
Jadwa Investment has revised downward its forecast for economic growth in Saudi Arabia this year from 1.6% to 0.2% based on recent data, the Riyadh-based firm said in a recently-released report.
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Jadwa Investment: Saudi Arabia’s 2020 Preliminary Budget Statement
- November 4,2019
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- SUSTG Team
A recent report by Jadwa Investment highlights the recent revisions in fiscal indicators presented by Saudi Arabia’s Ministry of Finance during its recent 2020 preliminary budget statement, noting adjustments in budgeted revenue, expenditures and more. The report notes that Saudi Arabia’s 2019’s revenue “is expected to total SR917 billion ($245 billion), in line with our forecast […]
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Saudi Arabia Opens Up to Foreign Universities, Will Allow Branch Campuses in the Kingdom
- October 30,2019
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- SUSTG Team
Universities around the world can now open branch campuses in the Kingdom, the Saudi Cabinet said on Tuesday, in a move that will “achieve a qualitative leap in … empowerment, excellence and quality,” Education Minister Dr. Hamad Al-Sheikh said. “The new system will allow foreign universities to open branches in accordance to specific regulations to boost […]
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Issue Brief Explores Saudi Aramco-SABIC Merger, SABIC’s ‘Importance to Energy and Chemical Businesses Worldwide’
- October 23,2019
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- SUSTG Team
A new issue brief written by Jean-François Seznec for the Atlantic Council explores the Saudi Aramco-SABIC merger and Aramco’s strategy to make the Saudi oil giant “like most other large international oil companies, except much bigger.” This issue brief studies “SABIC’s importance to energy and chemical businesses worldwide, and it raises questions about whether the merger […]
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Officials Announce ‘Riyadh Season’, a Three-Month Series of Events
- October 9,2019
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- SUSTG Team
Saudi officials have launched ‘Riyadh Season’, a new, three month series of events that will take place from October 15 to December 15 all around Riyadh. The countdown was launched by the chairman of the General Entertainment Authority, Turki Al Sheikh, on his twitter account in a video. The theme of the first season is ‘Imagine.’ Officials have […]
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Full Transcript: Crown Prince Mohammed bin Salman’s Interview with CBS’ 60 Minutes
- October 1,2019
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- SUSTG Team
Below is the full transcript from the CBS 60 Minutes interview with Saudi Arabia’s Crown Prince Mohammed bin Salman. *** Norah O’Donnell: Did you order the murder of Jamal Khashoggi? Crown Prince Mohammad bin Salman: Absolutely not. This was a heinous crime. But I take full responsibility as a leader in Saudi Arabia, especially since it […]
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Saudi Arabia will Continue Efforts to Raise Oil Prices with Compliance on OPEC+ Production Cuts
- September 12,2019
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- SUSTG Team
Saudi Arabia’s new minister of energy Prince Abdulaziz bin Salman said the Kingdom would continue to overcomply voluntarily with oil output cuts agreed by the OPEC+ producer alliance, Reuters reports, as the Saudi Arabia hopes to push the price of oil higher. The comments from the new minister came after a meeting of ministers from […]
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MUST-READS
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Court of Appeal upholds acquittal verdict, bringing down curtain on Makkah crane crash case
The Court of Appeal upheld on Wednesday the verdict of the Makkah Criminal Court to acquit all the defendants in the Grand Mosque crane crash case. The verdict is final, bringing down curtain a case that has been in the limelight for a number of years since the crane crash in 2015, Okaz/Saudi Gazette has learned from well informed sources.
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Israel Reimposes Covid Restrictions In Hopes of Avoiding a Lockdown
With its population vaccinated against the coronavirus at a fast pace and only a handful of new cases being reported, Israel all but declared victory over the virus earlier this year. But now, as the country’s authorities struggle to contain the spread of the highly contagious Delta variant, they are set to reintroduce restrictions, in what they say is a last attempt to forestall another lockdown.
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Collapse: Inside Lebanon’s Worst Economic Meltdown in More Than a Century
Lebanon, a small Mediterranean country still haunted by a 15-year civil war that ended in 1990, is in the throes of a financial collapse that the World Bank has said could rank among the world’s worst since the mid-1800s. It is closing like a vise on families whose money has plummeted in value while the cost of nearly everything has skyrocketed.
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Perspective: Saudi Crown Prince Mohammed seeks to cut influential clerics down to size
These changes represent the latest steps taken by Saudi Arabia under its influential crown prince, Mohammed bin Salman, to curtail the authority of the religious establishment. While many Saudis may cheer the moves as further evidence that Mohammed is liberalizing the kingdom, the developments also reflect his continuing effort to consolidate power and clip the wings of anyone who could challenge him.
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Israel Ben & Jerry end of sale in West Bank overshadows Pegasus NSO spyware scandal
Free-speech and digital rights activists want to see a moratorium on the sale and transfer of spyware technology until a more transparent global regime to monitor these exports is in place. Israel’s booming tech sector could fall under particular scrutiny.
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As Hajj winds down, Saudi Arabia ramps up big tourism plans
Between the Hajj, which happens at specified times each year and is one of the five pillars of Islam, and Umrah, a pilgrimage to the holy sites that can occur at any time, the kingdom hosted 9.5 million pilgrims in 2019.
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US military drawdown in Mid East is for real
The US operates 800 military bases worldwide and Biden’s “global force posture review” was scheduled to be completed by mid-summer. About 165,000 US troops are stationed in 150 countries around the world.
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Saudi Arabia steps up crackdown on shadow economy
The Kingdom’s commerce ministry referred 446 commercial concealment cases to the Public Prosecution during the first half of this year, Al Eqtisadiah reported. At the same time, some 16,000 inspections were carried out on businesses to verify their compliance. The new legislation includes fines of as much as SR5 million ($1.3 million) and up to five years in prison for violators. It also rewards whistleblowers with up to 30 percent of any fine collected, while protecting their identity.
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Microsoft says Israeli group sold tools to hack Windows
An Israeli group sold a tool to hack into Microsoft Windows, Microsoft and technology human rights group Citizen Lab said on Thursday, shedding light on the growing business of finding and selling tools to hack widely used software. The hacking tool vendor, named Candiru, created and sold a software exploit that can penetrate Windows, one of many intelligence products sold by a secretive industry that finds flaws in common software platforms for their clients, said a report by Citizen Lab.
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Saad Hariri steps down as Lebanon’s prime minister-designate pushing country into more uncertainty
The Lebanese lira, which has lost more than 90% of its value in less than two years, fell in value within minutes of Hariri's resignation announcement. The country's currency has been in freefall since a popular uprising against Lebanon's ruling elite gripped the country in October 2019.
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