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New PwC Report Highlights $119 Billion GDP Upside of Developing Homegrown ‘Tech Champions’ in Saudi Arabia
- June 6,2022
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- SUSTG Team
Gulf Cooperation Council (GCC) countries must develop ‘tech champions’ to compete with the U.S and China and add billions to their GDP by 2030, a new report by Strategy& Middle East, part of the PwC network, says.
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Saudi Arabia is ‘Experiencing a Housing and Mortgage Boom’ as Vision 2030 Reform Efforts Drive Progress
- June 1,2022
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- SUSTG Team
Saudi Arabia is “experiencing a housing and mortgage boom, reflecting a government drive to boost home ownership as part of efforts to shake up the oil kingdom’s economy and its ultraconservative society,” the Financial Times reports.
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Spotlight on Saudi at Davos, island diplomacy, and legal reforms with Saudi-based attorney Chris Johnson
- May 27,2022
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- SUSTG Team
In Episode 45 this week, The 966 hosts welcome back Saudi-based attorney Chris Johnson to discuss Saudi Arabia’s new personal data privacy law, investment law, and other ongoing legal and regulatory reforms taking place in the Kingdom. Before that conversation, the hosts discuss Saudi Arabia’s strong presence at the World Economic Forum in Davos, an […]
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Saudi Arabia Begins Construction on Lucid Motors Plant; Three to be Built in Kingdom
- May 26,2022
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- SUSTG Team
Workers have already broken ground on the future site of a Lucid motors plant in Saudi Arabia, Khalid al-Falih said during a panel at the World Economic Forum meeting in Davos this week.
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Saudi Crown Prince, Ambassador Reema meet with U.S. Congress Members in Saudi Arabia; Biden Officials in Kingdom to Plan Potential Visit
- May 25,2022
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman and Saudi Ambassador to the United States Princess Reema bint Bandar Al-Saud met with a delegation of visiting US Congress members on Tuesday in Saudi Arabia.
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Biden Administration Negotiating Deal for Islands Transfer that May Lead to Normalized Relations between Saudi Arabia and Israel – Report
- May 24,2022
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- SUSTG Team
The Biden administration has been quietly mediating talks between Saudi Arabia, Israel and Egypt on negotiations “that, if successful, could be a first step on the road to the normalization of relations between Saudi Arabia and Israel,” an exclusive report in Axios said.
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MBZ takes the reins in the UAE, the PIF’s Saudi Coffee Co., and much more…
- May 20,2022
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- SUSTG Team
Episode 44 📈 The hosts talk about the UAE’s long-time de facto ruler Sheikh Mohamed bin Zayed Al Nahyan, who was elected as president of the UAE a day after the death of former leader Sheikh Khalifa. They also discuss Saudi Arabia’s Public Investment Fund’s (PIF) new venture into the nascent coffee sector in caffeine-thirsty […]
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Number of Women with Jobs in Saudi Arabia has ‘Nearly Doubled in the Last Five Years’
- May 19,2022
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- SUSTG Team
The number of women with jobs in Saudi Arabia “has nearly doubled in the last five years and now stands at over 35 per cent of the workforce,” a top official in Saudi Arabia said this week, according to comments reported by The National.
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Total Saudi Government Revenue in Q1 2022 Up 36%, with Oil Revenue Up 58% – Jadwa Investment
- May 18,2022
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- SUSTG Team
Jadwa Investment’s recently-released report on the Saudi economy highlights the strong economic situation the Kingdom is in through the start of 2022, as higher oil prices and a growing non-oil sector continue to power growth in the Arab world’s largest economy.
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Crown Prince Mohammed bin Salman Visits Abu Dhabi Following Death of Sheikh Khalifa
- May 17,2022
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- SUSTG Team
Crown Prince Mohammed bin Salman of Saudi Arabia arrived in Abu Dhabi on Monday evening to offer his condolences on the death of Sheikh Khalifa bin Zayed Al Nahyan.
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MUST-READS
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YemenFresh banknotes spark new economic war in Yemen
In November 2019, freshly printed banknotes arrived in Aden, headquarters of the UN-recognized government of Yemeni President Abed Rabbo Mansour Hadi. From there they were pumped onto the market to gradually begin the process of replacing older notes nationwide. While it is not a problem to use the new notes in government-controlled areas, on Dec. 19, the Sanaa-based Houthi government banned their use and exchange in areas under its control.
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SupercopaZinedine Zidane happy to be in Saudi Arabia for revamped Spanish Super Cup
The change of format and decision to host the finals in Jeddah have come in for intense criticism, with some reports in Spain suggesting Valencia had sold just 26 tickets for their clash with the 10-time Supercopa winners.
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Performance AnxietySaudi Arabia sentences man to death for attack on Spanish musical
A Saudi court has sentenced a Yemeni man to death for a knife attack on a Spanish theatre group as the country cracks down on violence and harassment at entertainment venues.
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Saudi StartupsReflections On One Year Of Catalyzing Saudi Arabia’s Startup Space
On the "labor" side, a huge number of individuals pursuing founder/ownership opportunities, and a general shift of mindset from "employee" to "entrepreneur."
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DefenseAir Power Procurement in the Gulf: From Sparkling Mirages to Strategic Ambitions
Air power procurement in the Gulf is increasingly evolving in line with two key ambitions: power projection and economic diversification.
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IranIranians endure internet shutdown with despair and disarray
The five-day blackout surprised many Iranians and made them fearful that such an event could happen again. It derailed daily life, resulting in widespread disruptions in services including healthcare, financial transactions and even tests for admission to foreign universities.
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Air DefenseHow can Saudi Arabia secure its airspace? Here’s what the kingdom could do, and is already up to
“Saudi defense planning will have to factor in risks that are not unidirectional or from an anticipated attack vector, and to assume that threats can come from any direction,"
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LebanonProtester killed as Lebanon’s Aoun defends allies, sparking new demonstrations
A man was shot dead south of Beirut after the army opened fire to disperse protesters blocking roads, Lebanese state media said Wednesday, nearly a month into an unprecedented anti-graft street movement.
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SportsSaudi Arabia staging revamped 4-team Spanish Super Cup
Saudi Arabia will stage a newly expanded four-team Spanish Super Cup for the first time in January. The Spanish Football Federation cited its ambitions to host the 2030 World Cup as a factor in giving Saudi Arabia a three-year deal on Monday — defying recent advice from UEFA's president for European soccer teams not to play in countries "where the basic rights of women are not respected."
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Saudi-CanadaGeneral Dynamics is missing $1.5 billion due to a Canadian-Saudi spat
An ongoing diplomatic battle between Canada and Saudi Arabia is hitting American defense firm General Dynamics hard, to the tune of about $1.5 billion in missing payments for land vehicles sold to the kingdom.
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