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OPEC+ and the American uproar with Colby Connelly from Energy Intelligence, plus Riyadh Season’s big events and more…
- October 14,2022
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- SUSTG Team
Episode 62! Energy Intelligence’s Colby Connely joins The 966 to talk about oil markets, the big kerfuffle here in the United States caused by the OPEC+ decision, and some more on that hot topic. But first, the hosts discuss new statistics on Saudi Arabia’s population, Riyadh Season 2022, and then conclude as always with the […]
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Riyadh Season Prepares for Oct. 21 Launch with Slogan ‘Beyond Imagination’, Cirque du Soleil Show
- October 13,2022
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- SUSTG Team
The expanded third edition of Riyadh Season will kick off on October 21st 2022 under the slogan “Beyond Imagination” with an international show by Cirque du Soleil, the General Authority for Entertainment has announced.
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Aramco Commences Operations at Arabian Rig Manufacturing: Saudi Aramco’s JV to Manufacture Drilling Rigs in Kingdom for First Time
- October 12,2022
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- SUSTG Team
Saudi Aramco has launched Arabian Rig Manufacturing (ARM), a joint venture firm with American entity NOV, to manufacture drilling rigs and related equipment for the first time in Saudi Arabia.
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MENA Region is the Fastest Growing Adopter of Cryptocurrency — Study
- October 5,2022
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- SUSTG Team
The Middle East and North Africa (MENA) region are the world’s fastest-growing cryptocurrency markets, with the volume of crypto received in the region jumping 48% in the year to June, Reuters reports, citing blockchain researcher Chainalysis.
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Saudi Telecom Giant STC Plans $1 Billion in Investments to Transform Kingdom into Regional Data Hub – Report
- October 4,2022
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- SUSTG Team
Saudi Arabia’s Saudi Telecom Co. (STC), the Middle East’s most profitable mobile operator, “plans to spend about $1 billion to transform the kingdom into a regional data hub, and may sell a stake in its data hub, called Center3, business to finance the plans,” Bloomberg reports.
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Jadwa Investment October 2022 Chartbook: Non-Oil PMI Sees Significant Rise in August
- October 3,2022
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- SUSTG Team
Saudi Arabia’s economy continues its streak of growth with positive data points in key areas like non-oil PMI, consumer spending, business activity and new work, according to the latest monthly chartbook released by Jadwa Investment.
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Is Saudi Arabia Just at the Beginning of its Heritage and Antiquities Discoveries?
- September 30,2022
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- SUSTG Team
Saudi authorities indicated that the Kingdom has only begun to discover important cultural and heritage sites and artifacts across Saudi Arabia, with Heritage Commission CEO Dr. Jasser Bin Suleiman Al-Harbash stating that archaeological sites, which have been discovered in the Kingdom, constitute only 15% of Saudi Arabia’s treasures.
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KAPSARC Study: Saudi Arabia’s Economy is Expected to be 60% More Resistant to Oil Shocks by 2030
- September 29,2022
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- SUSTG Team
Saudi Arabia’s GDP is estimated to become 60% more resilient to oil price shocks by 2030, according to a new study by the King Abdullah Petroleum Studies and Research Center (KAPSARC).
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Crown Prince Mohammed bin Salman Elevated to Prime Minister; New Education Minister Named in Cabinet Changes
- September 28,2022
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- SUSTG Team
Saudi Arabia’s King Salman bin Abdulaziz named his son and heir Crown Prince Mohammed bin Salman as the kingdom’s prime minister and promoted his second son Prince Khalid as defense minister, according to a royal decree on Tuesday.
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Report – Saudi NEOM’s Tech Unit Rebrands as Tonomous and Will Invest $1 billion in 2022
- September 27,2022
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- SUSTG Team
NEOM Tech & Digital, a subsidiary of the $500 billion signature NEOM project of the Saudi crown prince, has invested $1 billion in 2022 in AI, including a metaverse platform, its chief executive said on Tuesday, according to a Reuters report.
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MUST-READS
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Qatar Airways to reroute some flights through Saudi airspace
“This evening Qatar Airways began to reroute some flights through Saudi airspace with the first scheduled flight expected to be QR 1365, Doha to Johannesburg at 20.45 this evening, 7 January,” the company said.
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Kingdom of Saudi Arabia’s latest initiatives to boost space activities
It has signed a significant number of international joint cooperation agreements related to space with Brazil, China, France, Germany, Greece, Russia, Ukraine and the United States.
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Qatar Says Bahrain Violated Airspace as Summit Approaches
Qatar informed the United Nations that Bahraini fighter jets violated its airspace, less than two weeks before a meeting of Gulf leaders aimed at strengthening ties in the region.
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Saudi Arabia’s king Salman and U.S. President Trump discuss developments in the region -SPA
Saudi Arabia’s king Salman called U.S. President Donald trump on Thursday and discussed developments in the region, the state news agency SPA reported.
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Saudi registers Pfizer COVID-19 vaccine for import, use – SPA
Health authorities in Saudi Arabia have registered the Pfizer-BioNTech COVID-19 vaccine for import and use in the country, state news agency SPA said on Thursday. Saudi Arabia’s Food and Drug Agency registered the vaccine. Procedures necessary for its import and use will begin, the statement said.
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Saudi Arabia agrees to allow Israeli commercial planes to cross its airspace: senior Trump official
Saudi Arabia agreed on Monday to let Israeli airliners cross its airspace en route to the United Arab Emirates after talks between Saudi officials and White House senior adviser Jared Kushner, a senior Trump administration official said. Kushner and Middle East envoys Avi Berkowitz and Brian Hook raised the issue shortly after they arrived in Saudi Arabia for talks. “We were able to reconcile the issue,” the official told Reuters.
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Saudi Arabia Goes Sour on Turkish Goods Amid Spat: Chart
Turkey’s exports to Saudi Arabia fell 15% in September versus the same period last year, the third straight month of declines, amid an unofficial boycott of Turkish goods by authorities in the kingdom. Preliminary data from the Turkey Exporters’ Assembly suggests October’s drop in shipments was even bigger. A late November phone call between President Recep Tayyip Erdogan and Saudi Arabia’s King Salman signaled a possible thaw in ties, and interviews in Riyadh suggest curbs on the sale of products made in Turkey are being eased.
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A ‘Missing’ President Is Sparking Deja Vu in Rudderless Algeria
The prolonged absence of President Abdelmadjid Tebboune is now the hot topic of political debate, supplanting a vote on constitutional reform and the rumblings of war near the country’s western border. But it’s also stirring uncomfortable echoes of veteran predecessor Abdelaziz Bouteflika, who spent months in the hospital abroad before his bid for re-election sparked mass unrest and his downfall last year.
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Sizing Up Little Sparta: Understanding UAE Military Effectiveness
In recent years, the armed forces of the United Arab Emirates (UAE) have earned the reputation as the best in the Arab world. Former Secretary of Defense James Mattis went so far as to bestow on them the sobriquet “Little Sparta.” Two questions linger, however: How good are the Emirati armed forces, and why are they more competent than other Arab militaries?
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Saudi Arabia plans $2 billion boost for space program by 2030
Saudi Arabia is planning an 8 billion riyals ($2.1 billion) boost for its space programme by 2030 under an economic diversification plan that aims to attract foreign investment and create thousands of jobs for young Saudis. The Saudi Space Commission (SSC), set up by a royal decree in late 2018 to stimulate space-related research and industrial activities, has finalised a plan for the government, expected to be revealed later this year, under which the sector's budget would receive an initial boost of 2 billion riyals.
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