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Saudi Arabia Names New Health, Hajj Ministers by Royal Decree
- October 18,2021
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- SUSTG Team
Saudi Arabia’s King Salman issued a royal decree appointing Fahad bin Abdulrahman bin Dahes Al-Jalajel as the new health minister, replacing the long-serving Dr. Tawfiq bin Fawzan bin Mohammed Al-Rabiah, according to the Saudi Press Agency. Al-Rabiah will move over to the Ministry of Hajj and Umrah as Minister, the decree said.
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An Interview with the IMF’s Abdullah Hassan, Former Sous-Sherpa for Saudi Arabia for the G20 Meetings
- October 14,2021
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- SUSTG Team
In 2020, Saudi Arabia became the first Arab nation to assume the G20 presidency. Hosting the G20 is a massive undertaking, involving close to two years of event planning, policy development and strategy, and much more.
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Saudi Arabia’s Nayifat Finance Company Latest to Announce IPO Plans on Surging Tadawul
- October 13,2021
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- SUSTG Team
Saudi Arabia’s Nayifat Finance Company said on Tuesday it plans an initial public offering (IPO) on the Riyadh stock exchange with a free float of 35% of its shares, according to a Reuters report. Nayifat, a consumer-focused Islamic finance firm, said in a statement that it plans a sale of 35 million shares to institutional […]
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Crown Prince Announces Launch of New National Investment Strategy to Attract FDI
- October 12,2021
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- SUSTG Team
Saudi Crown Prince Mohammed bin Salman gave details of a new investment strategy, called the National Investment Strategy, on Monday that aims to raise net foreign direct investment to 388 billon riyals ($103.45 billion) annually, the state news agency (SPA) reported.
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Unemployment Among Saudi Citizens Hits Lowest in the Decade as Economy Continues Recovery
- September 30,2021
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- SUSTG Team
Unemployment of Saudi citizens dropped to 11.3% in the second quarter of this year, the lowest in a decade, according to the government’s General Authority for Statistics, as signs continue to mount that the Saudi economy is continuing to recover from the global pandemic.
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ACWA Sets IPO Price at Top End of Range; Mulls Green Bond Options in 2022
- September 29,2021
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- SUSTG Team
Saudi Arabia’s ACWA Power International, one of the Kingdom’s main vehicles for building renewable energy projects, has set the offer price for its IPO at the top of a range, Bloomberg reports. According to that report, ACWA Power International will sell shares at 56 riyals ($14.93) apiece after the institutional part of the offering ended, and will raise $1.2 billion for […]
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U.S. National Security Adviser Jake Sullivan Visits Saudi Arabia, Meets with Crown Prince Mohammed bin Salman
- September 28,2021
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- SUSTG Team
President Joe Biden’s national security adviser, Jake Sullivan, visited Saudi Arabia on Monday and met with Crown Prince Mohammed bin Salman, according to reports.
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Saudi Arabia’s Tadawul Likely to End 2021 With 30 New Listings This Year – CMA Head
- September 27,2021
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- SUSTG Team
Saudi Arabia’s stock exchange will likely end the year with more than 30 new listings as the Kingdom’s IPO bonanza in 2021 continues, according to comments from the Kingdom’s head of its Capital Markets Authority Mohammed El-Kuwaiz. El-Kuwaiz made the comments on Monday at a conference in Riyadh, according to Reuters.
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Diriyah Contemporary Art Biennale, First of its Kind in Saudi Arabia, Announces Artists
- September 24,2021
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- SUSTG Team
The upcoming Diriyah Contemporary Art Biennale – the first art event of its kind to be held in Saudi Arabia – announced participating artists for the exhibition called Feeling the Stones, according to a report in The Art Newspaper. The event is scheduled to take place starting December 11 and running for three months, concluding March 11, 2022.
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Saudi Arabia Celebrates 91st National Day in Kingdom with Patriotic Airshows, Events and Fireworks
- September 23,2021
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- SUSTG Team
Saudi Arabia is celebrating its 91st Saudi National Day today, marking the formation of the modern-day Kingdom with the unification of the Nejd and Hejaz by King Abdulaziz Al-Saud in 1932. The Kingdom’s version of the 4th of July will be celebrated this year under the slogan “A Home for Us.”
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MUST-READS
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Sanctioning Iran’s Ministry of Intelligence and Security for Malign Cyber Activities
In July 2022, cyber threat actors assessed to be sponsored by the Government of Iran and its MOIS disrupted Albanian government computer systems, forcing the government to suspend public services for its citizens. Since at least 2007, the MOIS and its cyber actor proxies have conducted malicious cyber operations targeting a range of government and private-sector organizations across various critical infrastructure sectors.
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Legendary boyband Westlife to perform in AlUla
As well as performing in AlUla, Westlife will bring their The Wild Dreams Tour to Abu Dhabi, UAE, a day later, on Thursday September 29. Westlife first broke into the harts with their debut single, Swear It Again, and went on to have a string of hits including What Makes A Man, World of Our Own and Flying Without Wings. Fans can expect to hear all these – and more – when Shane Filan, Mark Feehily, Nicky Byrne and Kian Egan perform in Riyadh in September.
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Gender Diversity in Legal in KSA and MENA Is on the Rise
Since the launch of Vision 2030, the number of licensed female lawyers has risen from 10 in 2013 to 118. By mid-2020, that number had further risen to 785. Currently, we believe there to be more than 1,000 female lawyers, representing approximately 12% of all Saudi licensed lawyers in the Kingdom.
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Saudi’s Alfanar signs MoU for $3.5 bln green hydrogen project in Egypt
Saudi Arabian company Alfanar said on Monday it has signed a memorandum of understanding to build a $3.5 billion green hydrogen project in Egypt. The facility will produce 500,000 tonnes of green ammonia, which is used in agricultural fertilisers, from 100,000 tonnes of green hydrogen per year. The project is among seven MoUs signed last week between Egypt and international companies, including Globeleq and Actis, to set up green hydrogen and ammonia production facilities in the Egyptian port of Ain Sokhna.
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Middle East shipping and ports ‘primed for hydrogen transition’
A research paper by international classification society DNV predicts that annual demand for hydrogen (H2) as an energy carrier will climb from 1,000 metric tonnes today to 39–161 megatonnes by 2050, says Jostein Bogen, Product Line Manager, Electric Solutions, ABB Marine & Ports.
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Turkey: Crashes At Emergency Sites Kill At Least 35 People
Saturday's tragedies happened just 250 kilometers (155 miles) apart in southern Turkey. The first happened on the highway between Gaziantep and Nizip when a passenger bus collided with emergency teams that had responded to a crash in Mardin Province, west of Derik.
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Perspective: Interagency animosity stops Arab governments adopting best practices
For example, many governments rightly covet Norway’s 100 percent renewable energy production, Finland’s world-leading innovation levels, or the sophistication of America’s military. However, these successes are built on strategies spanning many sectors. A solitary ministry from an Arab country looking to emulate such success will quickly discover that unless it gets the other relevant ministries on board, its self-improvement efforts will be entirely in vain.
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Meet the Young Saudi Social Entrepreneurs who are Helping Achieve the 2030 Agenda
The UN in Saudi Arabia met with young Saudi Entrepreneurs to learn about their initiatives and how they contribute towards sustainability and climate action. They shared their experiences and encouraged others to take action for a cleaner, cooler and happier world!
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Meet the Young Saudi Social Entrepreneurs who are Helping Achieve the 2030 Agenda & Saudi Arabia’s 2030 Vision
The UN in Saudi Arabia met with young Saudi Entrepreneurs to learn about their initiatives and how they contribute towards sustainability and climate action. They shared their experiences and encouraged others to take action for a cleaner, cooler and happier world!
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Saudi Arabia And The UAE Won’t Be Tapping Emergency Oil Capacity
According to the sources, Saudi Arabia and the United Arab Emirates are ready to deliver a "significant increase" in crude oil production if the market should run up against a severe supply crisis this winter. The sources said that this spare capacity would only be tapped in the event of a supply crisis.
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