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Al Widyan is Saudi Arabia’s Next PIF-Backed ‘City Within a City’ Planned for Riyadh
- August 6,2018
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- SUSTG Team
A new Public Investment Fund (PIF)-backed “city within a city” is being planned for North Riyadh, according to a report in the English-language daily Arab News. The development – called Al Widyan – will include residential, commercial, retail and leisure facilities on a 7 million square meter site to the north of the capital, and will […]
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MIT Professional Education Launches New Collaboration with Saudi Arabia’s Al Yamamah University
- July 10,2018
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- SUSTG Team
MIT Professional Education is launching a new collaboration with Al Yamamah University (YU) aimed at “promoting diversity at institutions of higher education and supporting the country’s overall development and sociocultural evolution,” the prestigious university announced on its website. As part of the initiative, MIT Professional Education will “develop and teach professional education courses on leadership and innovation […]
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Saudi Arabia Selected for MSCI Inclusion; Analysts Expect Significant Capital Inflows
- June 21,2018
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- SUSTG Team
Following years of effort by Saudi officials to increase transparency in its stock market, the Kingdom won inclusion into MSCI, Inc.’s highly sought-after emerging market index, expanding the asset class by as much as $600 billion for the Kingdom. The news, announced overnight in Saudi Arabia, was welcomed by Saudi officials and executives at the […]
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Saudi Digital Media Startup Raises $9 Million Series A Round with 20m Subscribers
- June 18,2018
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- SUSTG Team
A Saudi Arabia-based digital media company raised $9 million in a Series A round of funding, according to reports. Telfaz11, with over 20 million subscribers on their network, and reporting more than 2 billion views on YouTube, is a leading Arabic Multi-Channel Network (MCN) which seeks to change the face of home-grown online entertainment. “As a pre-eminent […]
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IMF: Saudi Arabia Making ‘Good Progress’ on Vision 2030, Should Focus on Balanced Budget in 2023
- May 23,2018
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- SUSTG Team
Saudi Arabia is making good progress in implementing Vision 2030 economic and social reforms, the International Monetary Fund (IMF) said in a statement late on Tuesday, as it urged the Kingdom not to increase spending and to focus on a balanced budget by 2023. “The government remains committed to wide-ranging economic and social reforms to transform the […]
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Nasdaq Dubai to Launch Futures Trading in Saudi Quoted Companies before End of Year
- May 21,2018
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- SUSTG Team
Nasdaq Dubai will launch futures trading in Saudi quoted companies “before the end of this year,” according to reports, marking the first time Saudi stocks can be traded in derivative form. The move will allow global investors to trade shares in Saudi Arabian listed companies via contracts to buy or sell shares at a set price in […]
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Saudi Arabia Applauds Trump Decision on Iran Nuclear Deal
- May 9,2018
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- SUSTG Team
Saudi Arabia has embraced President Trump’s decision yesterday to pull the United States out of the JCPoA, the agreement to curb Iran’s nuclear ambitions by offering sanctions relief in exchange for Iran’s compliance with non-proliferation standards, according to statements made by top Saudi officials and the Saudi Press Agency. As the chief rival of Iran in […]
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Oxford Business Group Survey of CEOs finds Confidence high in Saudi Arabia
- May 3,2018
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- SUSTG Team
Executives have welcomed signs that change is afoot in Saudi Arabia, although many are also keen for the pace of economic reforms to be accelerated, a new survey by the Oxford Business Group finds. As part of its second survey on the Kingdom, the global research and consultancy firm asked over 100 C-suite executives from […]
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Tadawul IPO Pushed to ‘2019 at the Earliest’ as Kingdom Eyes MSCI Inclusion Bump
- April 24,2018
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- SUSTG Team
Saudi Arabia is delaying the IPO of the Tadawul, the Kingdom’s stock exchange, “on hopes that a potential MSCI Inc. upgrade could boost its value,” according to Bloomberg which cited people with knowledge of the matter. The Tadawul has pushed back plans to sell shares “to 2019 at the earliest,” according to Bloomberg, because waiting until after MSCI’s […]
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For Oil Markets, ‘Volatility is Back’
- April 23,2018
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- SUSTG Team
Rising optimism around global economic growth coupled with continued OPEC compliance to output targets and rising geopolitical tensions all contributed to pushing Brent oil prices to near 2014 highs, according to a recent report on the oil market by Riyadh-based Jadwa Investment. “Although oil prices were pressured somewhat at the start of April due to trade tensions […]
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Israeli envoy talks foreign policy as government is about to change
A new coalition may soon take power in Israel, but that doesn’t signal a change in the country’s foreign policies, according to Israel’s ambassador to Singapore. “As far as foreign policy is concerned, we’re about to see a continuation of previous policies of the government,” Sagi Karni told CNBC’s “Capital Connection” on Wednesday.
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The Taliban Say They’ve Changed. On the Ground, They’re Just as Brutal.
The Taliban, ousted from power by a U.S.-led invasion 20 years ago, are poised to expand their influence as American forces, following a pact signed in Feb. 2020, plan to leave the country later this year. The group has sought in recent months to present themselves as a responsible state actor to regional powers and the West. Indeed, some of their most-violent punishments, such as amputations for accused thieves, are used less frequently than in the 1990s as they seek to avoid alienating Afghans.
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Big Change: Saudi Arabia introduces new subjects to education system
Digital skills, English for elementary grades, social studies, self-defense and critical thinking have been the new subjects that will be taught starting next year, the Saudi local media reported. According to the new policies rolling out the changes, the two-semester school system will now be converted into three with short vacations, in order to keep pace with international best practices.
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Saudi Arabia’s Reema bint Bandar: We can’t wait for change to happen
“I remember the onslaught of the cicadas. I remember ‘Hands Across America’ and the best of the music and the culture of the 1980s,” said Bandar, adding that she didn’t even know there was an Arab community in the Washington metro area until the age of 15. “My memories of America are memories of joy.”
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Opinion: Secret Meeting Between Saudi Arabia And Iran May Trigger Major Policy Change
A number of peculiar things have happened in the Middle East in the past few weeks involving the U.S., Saudi Arabia, and the UAE, all with some sort of focus on Iran. To begin with, at the end of April, the U.S’s designated main man in Saudi Arabia - Crown Prince Mohammed bin Salman – stated very publically that he seeks “a good and special relationship with Iran…We do not want Iran’s situation to be difficult, on the contrary, we want Iran to grow… and to push the region and the world towards prosperity.”
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Perspective: How Black Lives Matter changed the U.S. debate on the Mideast
Whatever the aftermath of the violence in the region, it has starkly changed the Israeli-Palestinian debate in the United States, shifting it for many liberals from a tangled dispute over ancient, often-confusing claims to the far more familiar turf of police brutality and racial conflict.
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Perspective: Saudi diplomacy in all directions in change of strategy
After acknowledging the existence of secret meetings with Iran in Baghdad, a rare occurrence in the annals of Saudi diplomacy, Riyadh has publicly dispatched a delegation headed by Prince Khalid bin Salman, the Saudi deputy minister of defence, to Baghdad to work on arrangements for a the next round of talks with Iran in Iraq.
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Saudi Arabia’s king and crown prince exchange Eid Al-Fitr greetings with leaders of Muslim nations
Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman on Wednesday sent cables of congratulations to leaders of Islamic countries, extending greetings on the advent of Eid Al-Fitr. In response, the king and crown prince received similar cables from leaders of Muslim countries, thanking them and extending good wishes and sincere greetings, Saudi Press Agency reported.
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Saudi actress Sumaya Rida personifies the zeitgeist of an era of change in the Kingdom
Sumaya Rida is a rising star of Saudi Arabia’s fledgling domestic film industry, empowered by the Vision 2030 agenda
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Rolex Royal Saudi Arabian Police Force Datejust Rolex Lands on Watch Exchange
Coming in two-tone with a Jubilee bracelet, the watch features the Royal Saudi Arabian Police Force crest on its dial. Only a few have been seen in the last couple of years at watch auctions (only in steel). That last piece to sell was at the Monaco Legends Auctions in 2019 where it realized a price of €10,000 EUR (approximately $12,000 USD).
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