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Saudi-led OPEC+ Group Sticks to Oil Output Policy, Delaying Debate before Biden’s Visit to Kingdom
- June 30,2022
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- SUSTG Team
The Saudi-led OPEC+ group of oil producers, which includes Russia, said on Thursday it would stick to its planned oil output hikes in August, pushing off a debate on policy from September onwards as prices have risen on tight global supplies and worries that the group has little ability to pump more crude, Reuters reports.
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Foreign Direct Investment into Saudi Arabia Jumps 9.5%, Saudi Arabia’s Ministry of Investment Says
- June 29,2022
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- SUSTG Team
Saudi Arabia recorded 9.5% increase year on year in foreign direct investment (FDI) flows during the first three months of 2022, Saudi Arabia’s Ministry of Investment (MISA) said on Twitter on Tuesday.
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Saudi Stock Exchange Tadawul Plans to Launch Single Stock Futures on July 4
- June 27,2022
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- SUSTG Team
Saudi Arabia’s stock exchange, the Tadawul, said it plans to launch single stock futures on July 4, “which will enable local and international investors to hedge and manage portfolio risks more effectively,” Reuters reports.
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Leading Saudi architect and urban designer Dhay Aldhawyan joins The 966, MBS visits regional powers, and much more…
- June 24,2022
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- SUSTG Team
In episode 49, The 966 welcomes Dhay Aldhawyan, a leading architect and urban planner based in Riyadh who is Head of the Center for Development of Urban Design and Planning of Saudi cities, to discuss her journey and some of the big projects and developments happening now across Saudi Arabia. The 966 hosts also discuss […]
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Saudi Arabia Invites Proposals for Rabigh 4 Independent Water Project; 8 Pre-Qualified to Bid
- June 20,2022
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- SUSTG Team
Saudi Water Partnership Company (SWPC), the principal off-taker for water and wastewater projects in Saudi Arabia, tendered Request for Proposal (RFP) for its Rabigh 4 Independent Water Plant (IWP) project, according to a report in Zawya. The 600,000 cubic meters per day desalination project is located in Rabigh, 110 miles northwest of Makkah, on the Red Sea […]
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The criticism, drama, and opportunities surrounding President Biden’s confirmed visit to Saudi Arabia, an economic victory lap, and more…
- June 17,2022
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- SUSTG Team
Episode 48 🚀 The 966 hosts talk about a new report from Saudi Arabia’s Investment Ministry that highlights all the gains in the Saudi economy recently, including an impressive start to 2022 GDP with 9.9% growth in Q1. Then the hosts discuss President Biden’s now confirmed visit, and all of the drama surrounding it…then the […]
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New Report Places Saudi Arabia at Seventh Most Competitive Economy Among G20 Countries
- June 15,2022
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- SUSTG Team
A new report published by the Switzerland-based International Institute for Management Development (IMD) said that Saudi Arabia ranked as the seventh most competitive economy among G20 countries in the organization’s publication, the World Competitiveness Yearbook 2022.
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It’s Official: President Biden to Visit Saudi Arabia July 15-16 2022; will Meet with King Salman, Crown Prince Mohammed bin Salman
- June 14,2022
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- SUSTG Team
President Biden will be conducting an official visit to the Kingdom of Saudi Arabia on July 15-16, a statement from the White House and separately from Saudi Arabia’s royal court confirmed, capping weeks of behind-the-scenes work to arrange for the visit.
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A conversation with Mark Thompson and Neil Quilliam on their new book on Saudi Arabia, reacting to the latest with LIV Golf, and more
- June 10,2022
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- SUSTG Team
In episode 47, the hosts welcome on Dr. Mark Thompson and Dr. Neil Quilliam, authors of a new book on Saudi Arabia’s governance and policymaking, for a fascinating discussion on how decision-making is changing and evolving at all levels in Saudi Arabia as Vision 2030 continues apace.
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Arabian Business’ Announces ‘Most Influential Arabs 2022’
- June 9,2022
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- SUSTG Team
Regional publication Arabian Business has revamped its “Arab Power List” and is introducing the Most Influential Arabs 2022 to “celebrate and recognize the public sector figures, CEOs, founders and presidents, educationalists and financiers, healthcare leaders and entrepreneurs who are making a difference in the world.”
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Oil slump scalps Nigeria, Angola, Mexico ratings; Saudi and Russia spared
The plunge in oil prices took a number of high-profile sovereign rating scalps on Thursday, including Nigeria, Mexico, Angola, Ecuador and Oman, although the architects of the slump, Saudi Arabia and Russia, were both spared. The moves by S&P Global consisted mainly of one-notch downgrades, but it was the sheer number of cuts that caught the eye.
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Saudi-led coalition in Yemen destroys two explosive-laden boats: SPA news agency
The Saudi-led coalition in Yemen destroyed on Tuesday two explosive-laden boats launched and remotely-controlled by the Iran-aligned Houthi group from the province of Hodeidah, Saudi state news agency SPA reported.
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Spain says Saudi Arabia to call G20 meet on coronavirus in coming days
Saudi Crown Prince Mohammed bin Salman told Spanish Prime Minister Pedro Sanchez on Monday that he would call in the coming days an extraordinary G20 meeting to tackle coronavirus and its economic impact, Sanchez’ office said. Saudi Arabia is the host of the next G20 summit - an annual gathering of representatives of the world’s largest economies.
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Saudi Arabia restricts entry for Gulf citizens, residents – SPA
Travelers coming from any fellow GCC state - the United Arab Emirates, Bahrain, Kuwait, Oman and Qatar - must spend 14 continuous days there and show no signs of the coronavirus before being granted entry, SPA said, citing an interior ministry source.
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Saudi’s Al Kifah and Spain’s Grupotec form JV to advance renewable energy
Al Kifah Holding has signed an agreement with Spanish multidisciplinary engineering and architecture company, Grupotec, to supply solar power for Saudi Arabia's industrial and commercial sectors, as well as to develop large scale solar projects.
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25 spectacular photos of the UAE, Saudi Arabia and Middle East taken from space
Much of the UAE and wider region looks beautiful from ground level as you stroll through the wilderness of the desert or along parts of the practically untouched coastline. But the view from above can be even more extraordinary.
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TechnologySaudi space program to establish national training base
The Space Generations Program (Ajyal) launched by the Saudi Space Commission will contribute towards establishing a national base for human capital in the space sector, said Abdul Aziz Al Al-Sheikh, CEO of the Saudi Space Commission. The program, he said, encourages interest in scientific research and learning various sciences in the areas of innovation: Science, Technology, Engineering, Mathematics (STEM).
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Real EstateGov’t initiatives spark Saudi real estate market into action
Knight Frank said a range of regulatory, finance and supply side reforms have been enacted to underpin activity in the sector. Looking ahead, as these initiatives further take effect alongside the provision of additional affordable residential stock, Knight Frank said it expects the volume of the residential transactions to maintain positive momentum.
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Trump Peace PlanU.N. aid agency fears U.S. Middle East plan will spark violence
Christian Saunders, head of the U.N. Relief and Works Agency for Palestine Refugees (UNRWA), asked about the U.S. plan which would not allow a right of return to Israel, said that this right was “enshrined in international law and various (U.N.) General Assembly resolutions”
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Titan SeriesOscar Pujol heads Spanish top 3 after first stage of Saudi Titan Series bike race
The 89 kilometer opening stage started from the Millennium Hotel and wound through the desert towards Jaw’s campsite. It was the first of four daily stages covering a total distance of 366 km divided into four stages in the shadow of Aja Mountains.
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