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Saudi National Day, Significant Traction in Airline/Travel Reforms, Saudi-Greece Relations, and more – The 966 Episode 60
- September 23,2022
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- SUSTG Team
Episode 60! The 966 wishes everyone a fun and safe Saudi National Day. This week, the hosts re-connect after a two week hiatus for the 60th episode of the show. First, the hosts discuss Richard’s one big thing, which is a deep dive on Saudi-Greece relations of late and why that bilateral relation is one […]
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Saudi Arabia Launches Astronaut Program with Plans for First Female Astronaut, SPA Says
- September 22,2022
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- SUSTG Team
Saudi Arabia has launched an astronaut program, the state news agency SPA reported on Thursday, with the first journey to space set for 2023 carrying the country’s first female astronaut.
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Friday Marks Saudi Arabia’s 92nd National Day; 9 Days of Events and Celebrations Planned
- September 21,2022
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- SUSTG Team
Saudi Arabia’s 92nd national day is set for Friday, September 23rd, with nationwide events, patriotic displays and festivals planned by authorities.
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Jadwa Investment Raises Saudi Arabia’s Growth Forecast to 8.7% for 2022
- September 20,2022
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- SUSTG Team
Riyadh-based investment bank Jadwa Investment has revised upward its growth forecast for Saudi Arabia this year, after the Kingdom’s economy showed strong expansion in both oil and non-oil activities in the first half of 2022.
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Saudi’s SNB Capital Tops Forbes Ranking of Middle East Asset Managers; More than Half of List Based in Saudi Arabia
- September 14,2022
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- SUSTG Team
Forbes Middle East released its second annual ranking of the Middle East’s top 30 asset management companies, placing Saudi Arabia’s SNB Capital at the top of the list which is dominated by Saudi entities.
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OPEC Continues to Forecast Robust Global Oil Demand Growth in 2022 and 2023
- September 13,2022
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- SUSTG Team
In its latest monthly report, OPEC stuck to its forecasts for robust global oil demand growth in 2022 and 2023, citing signs that major economies were faring better than expected despite global headwinds such as surging inflation, Reuters reports.
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Saudi Arabia’s PIF Eyes a Stake in Regional Starbucks Franchise — Report
- September 9,2022
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- admin
Saudi Arabia’s Public Investment Fund is leading a consortium of investors which has emerged as the frontrunner to buy a minority stake in Kuwaiti conglomerate Alshaya Group’s Starbucks Corp. franchise, people familiar with the matter told Bloomberg.
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Saudi GDP Up 12.2% in Second Quarter, Exceeding Initial Estimate, as ‘Boom Spreads Beyond Oil’
- September 7,2022
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- SUSTG Team
Saudi Arabia’s real gross domestic product expanded by 12.2% in the second quarter compared with the same period of 2021, new data revealed on Wednesday, as the Kingdom continues to see growth from high oil prices that is now spreading to the private sector.
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Saudi Arabia’s PIF Launches Real Estate Registration Services Company in Effort to Digitize Sector
- September 6,2022
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- SUSTG Team
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, has launched a company that aims to digitize and develop the local real estate sector through a comprehensive digital platform, according to a report in the UAE-based outlet The National.
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Saudi Arabia’s New Airline ‘RIA’ Reportedly to Launch Soon with $30 Billion to Take On Regional Rivals
- September 1,2022
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- SUSTG Team
Saudi Arabia is in the final stages of launching its multi-billion-dollar new international airline, which sources say is likely to be branded “RIA,” according to an exclusive Arabian Business report.
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Saudi to reform kafala worker sponsorship system in 2021, Maaal newspaper says
Saudi Arabia plans to cancel a foreign worker sponsorship system, known as kafala, and replace it with a new form of contract between employers and employees, the financial newspaper Maaal said on Tuesday, citing unnamed sources. Saudi Arabia, which this year is chairing the Group of 20 major economies (G20), seeks to boost the private sector - and make it more attractive to foreign talent - under an ambitious plan to diversify its oil-based economy.
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Aerospace industry records worst quarter as Covid halts sales
Aircraft manufacturers received only 13 orders in July and August, according to the aerospace and defence lobby group ADS. No orders were placed in September. That compares with 152 in the same period in 2019.
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Saudi Arabia’s public spaces dotted with pink for Breast Cancer Awareness Month
The Zahra Breast Cancer Association is one of Saudi Arabia’s leading organizations dedicated to raising awareness about the disease. It has been supporting cancer patients and survivors and normalizing conversations about breast cancer among the community, with a renewed emphasis during October which is Breast Cancer Awareness Month.
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G20 to discuss measures to support rapid, sustainable global economic recovery: SPA
G20 finance ministers and central bank governors will hold a virtual meeting on Wednesday under the Saudi presidency to discuss how to support rapid, sustainable global economic recovery, Saudi state news agency SPA reported early on Tuesday. The meeting will also discuss updates to the G20 action plan for supporting the global economy during the coronavirus pandemic, and the progress made in the G20 initiative to suspend debt service payments and the proposal to extend it to 2021.
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Record flow of boat migrants from Algeria to Spain
Over the past few months, Algeria has become a main point of departure for migrants towards Europe. The Spanish press reported that more than 20 boats reached the coasts of eastern Andalusia, specifically the coasts of Almeria, Murcia, and the Balearic Islands,since the start of the week, carrying hundreds of migrants.
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Saudi designer Princess Nourah Al-Faisal details discrimination by French newspaper
“I highlighted this incident because we can’t fight these behaviors by keeping quiet and silent. Rasicm and discrimination is everywhere around the world. It’s something we must address… as a society, we have to keep talking about it.”
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Saudi Arabia King Salman and German Chancellor Merkel discuss G20 over the phone: SPA
Saudi Arabia’s King Salman bin Abdulaziz called German Chancellor Angela Merkel and discussed the G20 efforts to overcome the coronavirus pandemic consequences, the state news agency reported on Wednesday. Saudi Arabia is the current G20 chair.
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Kushner says Saudi Arabia, Bahrain to allow all Israeli flights to use airspace
“They agreed to open their airspace not just to flights from Israel to the United Arab Emirates and back, but to all eastward travel,” Kushner said. “So when people make requests, they’ll grant those requests. That will save people a lot of time. That knocks down a barrier that’s been up for 72 years.”
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Saudi crown prince, Japan’s defense minister discuss security of marine traffic: SPA
Saudi Arabia’s crown prince, who also holds the title of defense minister, discussed with Japan’s defense minister cooperation in defense fields and security of marine traffic, Saudi state news agency SPA reported on Tuesday. Crown Prince Mohammed bin Salman and Minister Taro Kono discussed, in a phone call, regional security issues and efforts to ensure the security and safety of maritime traffic, SPA said.
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Bahrain to allow Israel flights to UAE over its airspace
The state-run Bahrain News Agency made the announcement without directly naming Israel, just as Saudi Arabia had. However, the announcement late Thursday came just days after Saudi Arabia allowed the first direct Israeli commercial passenger flight to use its airspace to reach the UAE. The statement makes no mention of the kingdom’s rival, Iran, nor Qatar, which Bahrain, Saudi Arabia and the UAE are currently boycotting.
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