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US President Biden, Crown Prince Mohammed bin Salman Exchange Warm Greeting, Handshake at G20
- September 11,2023
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- SUSTG Team
President Joe Biden “warmly greeted” Crown Prince Mohammed bin Salman after they appeared together along with several other leaders at the Group of 20 summit Saturday in New Delhi, India, according to the Associated Press, as relations between the two nations continue on an upswing in recent months.
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Understanding Vision 2030’s impact on media perceptions of Saudi Arabia’s with Rawan Hashem; also, Hevolution’s rise, Tourism in KSA and much more
- September 8,2023
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- SUSTG Team
Episode 102! Rawan Hashem from the data insights firm Carma joins The 966 to discuss evolving media perspectives of Saudi Arabia and Vision 2030. Before the conversation, the hosts discuss the new organization in Saudi Arabia, called Hevolution, and its $1 billion mission to advance humanity’s fight against aging based on a recent Wall Street Journal article from this […]
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Goldman Sachs Sees Saudi and Russia Supply Cuts as Adding Upside Risk to Previous Forecast
- September 7,2023
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- SUSTG Team
Goldman Sachs Commodities Research said Saudi Arabia and Russia’s extension of voluntary supply cuts posed bullish risks to their crude price forecasts, raising a possibility that Brent could jump as high as $107 a barrel next year, according to a report in Reuters.
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Report – Middle East Hotel Project Count Hits All-Time High
- September 6,2023
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- SUSTG Team
The Middle East region continues to show steady pipeline growth in hotel projects in the second quarter of 2023, with the highest project count since Q1 2020, according to the recent Middle East Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE).
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Saudi Arabia Said to Weigh Investing in ‘Made in Italy’ Fund; Italy’s Eni and ACWA Power Sign Green Hydrogen Deal
- September 4,2023
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- SUSTG Team
Italy and Saudi Arabia are in talks about a potential Saudi investment in Rome’s new strategic fund, Italy’s Industry Minister Adolfo Urso said on Monday, as the two signed a deal to forge closer economic relations, particularly in energy, Reuters reports. The “Made in Italy” fund was approved in May and will have an initial endowment of […]
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Zurich-based UBS projects Middle East digital economy to quadruple by 2030; outpacing global average
- August 31,2023
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- SUSTG Team
The Middle East’s digital economy is projected to grow from $180 billion to about $780 billion by 2030. A 20% compound annual growth significantly outpacing the global average.
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Saudi Arabia’s PIF Invests $100 Million in the US-based Professional Fighters League Mixed Martial Arts
- August 30,2023
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- SUSTG Team
Saudi Arabia’s Public Investment Fund, using a new investment vehicle, will reportedly make the Kingdom’s first foray into mixed martial arts (MMA) by investing $100 million in the US’s Professional Fighters League and creating a regional tournament, the Financial Times reports.
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New Murabba Development Company Awards Industry-Leader Bechtel with PMC Contract for Masterplan, Site-Wide Infrastructure
- August 29,2023
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- SUSTG Team
The Saudi-based, PIF-owned New Murabba Development Company has announced that Bechtel, the leading engineering and construction company, has been awarded a key contract to provide project management services for the New Murabba development in the capital Riyadh.
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Saudi Arabia’s Ades International Holding Set to List in Riyadh, May Be Kingdom’s Largest IPO in 2023
- August 28,2023
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- SUSTG Team
Saudi Arabia’s Ades International Holding is set to list in Riyadh, a deal that’s set to be the kingdom’s largest initial public offering this year, according to reports.
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Saudi Arabia gets a BRICS invite, a lightning strike on Mecca’s clocktower, and leading Riyadh-based architect Nadia Maqbool Al Lawatiya joins The 966
- August 25,2023
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- SUSTG Team
Nadia Maqbool Al-Lawatiya, a leading Riyadh-based architect and urban designer who is closely familiar with Salmani architecture, joins The 966 to share her journey and discuss some of the themes and thinking behind the new style emerging from Saudi Arabia. Nadia listened to a previous episode of The 966 on Salmani architecture and joins for this episode […]
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MUST-READS
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U.S. Department of Commerce and Saudi Ministry of Commerce Announce Plan to Deepen Commercial Cooperation
The Work Plan aims to guide our cooperation in four areas, which were selected based on the U.S. and Saudi Arabia’s shared goals of open, prosperous markets and inclusive growth. These areas are: the green economy, strengthening the role of women and small medium enterprises (SMEs), promoting innovation, and increasing two-way investment.
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U.S. Department of Commerce and Saudi Ministry of Commerce Announce Plan to Deepen Commercial Cooperation
The Work Plan aims to guide our cooperation in four areas, which were selected based on the U.S. and Saudi Arabia’s shared goals of open, prosperous markets and inclusive growth. These areas are: the green economy, strengthening the role of women and small medium enterprises (SMEs), promoting innovation, and increasing two-way investment.
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Tales of the Bedouin – Part XIX: Journey to Meet The Son of Bathan
In this piece, Mark Lowey, known as “Abu Jack” (father of Jack) to his Saudi friends, is escorted deep into the Rub Al Khali (Empty Quarter) to meet, for the first time, the son of an old acquaintance. In Part 1, Abu Jack and his Saudi traveling companion, Quriyan Al Hajri (Abu Mohammed), are guided to a remote desert encampment. They pause two kilometers short of their goal to refresh themselves after a long day of travel. Finally, they start the car and proceed slowly towards the encampment. In the moonless early evening, a single, distant light draws nearer. Part 1
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UN says Yemen’s warring parties agree to renew truce
The United Nations said Thursday that Yemen’s warring parties have agreed to renew a nationwide truce for another two months. The development offered a glimmer of hope for the country, plagued by eight years of civil war — though significant obstacles remain to lasting peace. The cease-fire between Yemen’s internationally recognized government and the Iran-backed Houthi rebels initially came into effect on April 2. And though each side at times accused the other of violating the cease-fire, it was the first nationwide truce in the past six years of the conflict in the Arab World’s most impoverished nation.
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Heart And Soul – Vignettes from Ali Al-Baluchi’s Memoir: Part VI
While attending the 1998 reunion in Scottsdale, Arizona, I was approached privately by a number of annuitants, led by Doug Rines, who asked me, “Ali, how soon before a retiree reunion can be held in Saudi Arabia?” Pleased at their interest in returning to the Kingdom, I thought quickly, made an executive decision, and came back with a favorable response. Later that weekend, I made an announcement to the larger group of reunion attendees that the first expatriate reunion, or “KSA Reunion,” in Saudi Arabia would be held in March 2000, and immediately everybody stood and applauded most enthusiastically.
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Germany, Qatar sign energy partnership agreement
The partnership deal foresees regular meetings between authorities from both countries and creates a working group focused on developing trade relations in LNG and hydrogen, as well as one devoted to renewable energy.
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Saudi Arabia starts selectively applying annual levy on domestic workers
The Ministry of Human Resources and Social Development has started applying the first phase of the decision of the Council of Ministers to selectively impose a levy on domestic workers from Sunday, May 22. Saudi employers will have to pay an annual fee of SR9,600 for each house worker if their number exceeds four while expatriate employers will pay the same amount for each worker in excess of two. The ministry noted that only a limited segment of Saudi and expatriate employers will be affected by the decision, taken by the Cabinet on March 8, 2022.
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Heart And Soul – Vignettes from Ali Al-Baluchi’s Memoir: Part V – Community Services
By the late 1970s, Ali Al-Baluchi had risen through Aramco’s Community Services to become Manager of the Food Distribution Department, where he was proud to employ one of the company’s first Saudi female employees. The following extract from Heart and Soul details how this opened a door to further training in the United States.
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Why positive change in Middle East starts with bringing women into the work force
“Many companies today are saying the right things, but there is no psychological safety, as such, for women to feel they can benefit from the flexible working hours or from the conditions that are being put in place that will allow them to find their balance as women,” she added.
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Why positive change in Middle East starts with bringing women into the work force
McKinsey emphasized four indicators that correlated with women’s participation in professional and technical jobs: Education, financial inclusion, digital inclusion, and legal protection.
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