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Oil Drives Exports Rebound in July 2021 after Pandemic Year
- September 22,2021
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- SUSTG Team
Saudi Arabia’s exports continued to show signs of a rebound, with total exports rising 79.6% in July 2021 versus the same month last year when the global pandemic choked international trade and oil prices remained lower.
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Residential Mortgages Soar in Saudi Arabia; Commercial Rents in Riyadh See Post-Pandemic Recovery
- September 21,2021
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- SUSTG Team
Roughly five years after the launch of the Kingdom’s National Transformation Plan (NTP), a key part of the Saudi Arabia’s Vision 2030 social and economic masterplan, Saudi is seeing major initial progress in the real estate sector, with new residential mortgages soaring 1000% since 2016, according to a report from industry powerhouse KnightFrank.
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U.S. State Department Approves Potential $500 Million Saudi Maintenance Deal
- September 17,2021
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- SUSTG Team
The U.S. State Department has approved a potential agreement covering up to $500 million in military support services for Saudi Arabia, the first since President Biden took office on January 20. The agreement has been sent to Congress for review, the Pentagon said on Thursday.
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After U.S. Withdrawal of Patriot Missiles, Greece Delivers System to Saudi
- September 15,2021
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- SUSTG Team
After the U.S. withdrawal of most of its advanced missile defense systems and Patriot batteries from Saudi Arabia in recent weeks, the Kingdom has turned to Greece to supply a Patriot battery and manpower to operate it, according to reports.
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Saudi Arabia’s ACWA Power International, Key in Kingdom’s Renewable Plans, Set to IPO
- September 14,2021
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- SUSTG Team
Saudi Arabia’s ACWA Power International, described as one of Saudi Arabia’s main vehicles for building renewable energy projects, is set to raise up to 4.55 billion riyals ($1.21 billion) in its initial public offering, Bloomberg reports.
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In Interview, Prince Turki Al-Faisal Calls for U.S. Reassurances, Renewed American Commitment to Kingdom
- September 9,2021
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- SUSTG Team
Saudi Arabia’s Prince Turki al-Faisal Al-Saud, the former intelligence chief for Saudi Arabia, has called on the United States to show a renewed commitment to Saudi Arabia’s security and the U.S.-Saudi partnership in comments to CNBC published today. One of the ways the United States could show that commitment is ensuring American defense equipment in […]
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Saudi Arabia Re-Allows Entry From and Travel to UAE, Argentina and South Africa – SPA
- September 8,2021
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- SUSTG Team
Saudi Arabia removed the United Arab Emirates, Argentina and South Africa from its entry banned country list and re-allowed citizens to travel to the three countries starting Sept. 8, Reuters reports, citing state media. The decision comes just weeks before Dubai is set to host the Dubai Expo 2020 trade fair.
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‘Massive’ Coral Colony Discovered on Saudi Arabia’s Al-Waqadi Island is First in Region
- September 7,2021
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- SUSTG Team
A team of marine scientists and environment experts working for the Red Sea Development Company found a massive and unique coral reef south of Al-Waqadi Island off of Saudi Arabia’s coastline, Arab News and the Saudi Press Agency report.
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Saudi Arabia Ranks 2nd in G20 in Digital Competitiveness — Report
- September 6,2021
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- SUSTG Team
Saudi Arabia has been ranked second among the G20 countries in the Digital Competitiveness Report for the year 2021, a publication issued by the European Center for Digital Competitiveness, according to a report. The reports findings are based on data provided by the Global Competitiveness Index issued by the World Economic Forum, and supporting data […]
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Saudi Arabia’s Non-Oil Exports Rise 52 Percent in Q2 2021, Data Show
- August 30,2021
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- SUSTG Team
Saudi Arabia’s non-oil exports rose a whopping 52 percent during the second quarter of this year as evidence the kingdom’s economy continues to recover from the pandemic continues to mount. The total value of exports for the three-month period to the end of June increased to 238.6 billion Saudi riyals ($63.62bn), the Saudi Press Agency […]
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MUST-READS
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Iran’s Intelligence Minister Vows to Retaliate Against Countries “Assisting Enemies of the Iranian Nation”
Iran’s relations with the autonomous Kurdistan region of Iraq are likely to turn from bad to worse. So much is clear after Iranian Intelligence Minister Esmaeil Khatib’s recent warning to neighboring states against assisting Israel in operations against Iran. Iranian media reports preceding the intelligence minister’s statements suggest high probability of Iranian retaliation in the near future:
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Saudi Arabia sets up investment promotion agency
Saudi Arabia has set up an agency to promote investment in the country, a key goal of an ambitious economic reform agenda, the investment minister and state media said on Twitter, citing a cabinet decision. The Saudi Investment Promotion Authority "will be a strong supporter of the investment system in its quest to achieve the objectives of the #national_investment_strategy by attracting and developing national and foreign investments," Investment Minister Khalid al-Falih wrote in Arabic on Twitter.
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Lebanon’s Convergence of Crises: Audio
As the two-year anniversary of one of the largest non-nuclear explosions in history approaches, how do Lebanese adults feel about their justice system and how this case is being dealt with? "The challenges that Lebanon is facing are more than any one country can handle," says Kim Ghattas, who joins the podcast to discuss the multiple crises that people in Lebanon are enduring.
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Why prevention of animal abuse and neglect is gaining urgency in Saudi Arabia
The Kingdom takes the abuse and ill-treatment of animals very seriously. Under Saudi law, the Ministry of Environment, Water and Agriculture can impose a SR50,000 ($13,300) fine for a first offense, which doubles for a second offense. Third and fourth instances of abuse incur fines of SR200,000 and SR400,000 respectively. In more serious instances, offenders can lose business licenses or even face prison time.
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Macron hosts Saudi crown prince with oil, Iran, rights on agenda
French President Emmanuel Macron hosts Saudi Crown Prince Mohammed bin Salman on Thursday, part of increased Western efforts to court the major oil-producing state amid the war in Ukraine and faltering talks to revive a nuclear deal with Iran. French opposition figures and human rights groups have criticised Macron's decision to invite to dinner at the Elysee Palace a man Western leaders believe ordered the murder in 2018 of prominent Saudi journalist Jamal Khashoggi.
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Saudi Crown Prince MBS to Meet France President Macron With Energy on Agenda
As European countries seek alternatives to Russian energy amid war in Ukraine, the two leaders are likely to discuss Saudi Arabia’s role in oil markets as the world’s largest crude exporter. They’re set to have dinner Thursday night at the Elysee Palace, with energy a key theme on the agenda, an official familiar with the discussions said.
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Saudi move to export electricity and hydrogen to Europe via Greece
They underscored the significance of cooperation between the two countries in the field of clean hydrogen, including low-carbon hydrogen, green hydrogen, and its transfer to Europe. In this context, they highlighted the importance of the memorandum of understanding signed between the two countries in the field of energy and the formation of a joint technical team to carry out the necessary studies in the field of electrical interconnection and exporting electricity to Greece, as well as exporting electricity and hydrogen to Europe through Greece.
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Saudi Central Bank transforms connectivity between banks and government agencies
As per the Saudi news agency, the program named “Tanfeeth” is part of SAMA’s strategic objective to upgrade its IT infrastructure and optimise administrative processes including speed, quality, and integration with financial institutions operating in Saudi Arabia in line with Saudi Vision 2030.
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Busting of ‘Mossad’ cell points to change in Iran’s intelligence community
Iran’s intelligence ministry operates in parallel with the IRGC Intelligence Organization, which has grown in influence over the past decade. However, this trajectory seems to have been impacted by a series of incidents in past months that have been blamed on Israel. Some observers have alleged that these security lapses contributed to the stepping down in June of Hossein Taeb, the long-time head of the IRGC Intelligence Organization.
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Sommet Education starts training next generation of Saudi Arabia Tourism professionals
The first group of Saudi students arrived at les Roches Global Hospitality Education on its campus in Marbella, Spain. This short program aims at equipping students with the fundamentals of Tourism Business and Operations from understanding housekeeping Operation to Customer Experience or Sales and negotiation skills.
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