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  • White House lauds Saudi Arabia as ‘strategic partner’

    “Saudi Arabia has been a strategic partner of the United States for eight decades. Every president since FDR [Franklin Delano Roosevelt] has met with Saudi leaders and the president [Biden] considers Saudi Arabia an important partner on a host of regional and global strategies,” White House Press Secretary Karine Jean-Pierre said.

  • Art of Arabia

    This wasn’t always the case. The Village and Falcon Fine Arts were the only art galleries and framing shops in the Olaya/Suleymania area of downtown Riyadh in the 1980s and 1990s. I remember attending an exhibition of Kamal Mustafa sponsored by the French Embassy at The Village in 1997, where we bought two of his paintings which I still love as much as the day they were purchased. Exhibitions happened only occasionally back then, and were usually held behind closed doors at embassies, and by private invitation only. Expatriate artists for the most part worked independently and usually once a year on compounds there would be an exhibit of art for sale along with other crafts.

  • The United States and the Kingdom of Saudi Arabia: Eight Decades of Shared History, Strong Partnership, and United Vision

    On May 23, the Embassy of the United States of America celebrated the 246th anniversary of the United States’ independence and the 80th anniversary of the establishment of its first diplomatic presence in the Kingdom of Saudi Arabia.  The theme of the celebration was “Shared History, Strong Partnership, United Vision,” to highlight the enduring foundation of the strategic ties and friendship between the United States and the Kingdom of Saudi Arabia.

  • Tadawul Index: Saudi Arabia Stocks Head for Worst Month Since Start of Pandemic

    Stocks listed in Saudi Arabia are poised for their worst month since the start of the pandemic as investors succumb to global risk-off sentiment amid recession fears. The benchmark Tadawul All Share Index declined 8.3% in May, lagging the MSCI Emerging Markets gauge, and is on track for its biggest monthly slide since March 2020. Banks accounted for the biggest drag as investors offloaded lenders with lofty valuations during a global equities correction.

  • Saudi Arabia starts selectively applying annual levy on domestic workers

    The Ministry of Human Resources and Social Development has started applying the first phase of the decision of the Council of Ministers to selectively impose a levy on domestic workers from Sunday, May 22. Saudi employers will have to pay an annual fee of SR9,600 for each house worker if their number exceeds four while expatriate employers will pay the same amount for each worker in excess of two. The ministry noted that only a limited segment of Saudi and expatriate employers will be affected by the decision, taken by the Cabinet on March 8, 2022.

  • Lucid Advances Global Sustainability Vision, Announcing New Details for First Overseas Manufacturing Facility with Partners in Saudi Arabia

    Lucid reviewed multiple opportunities before selecting KAEC in Saudi Arabia, an area known for its livability and sustainability, as the optimal location for the second of its global network of electric vehicle manufacturing facilities. Lucid also officially designated the new Saudi Arabian plant “AMP-2” (Advanced Manufacturing Plant #2), indicating its position as the next cornerstone of Lucid’s vertically integrated global production network. The factory is situated in KAEC’s ‘Industrial Valley,’ close to King Abdullah Port along the main Red Sea trading corridor, an area which has handled more than a third of Saudi Arabia’s Western Region container volumes. Lucid’s Middle East regional headquarters in Riyadh has been operational since last year.

  • KAUST Spins-in Five Cutting-Edge International Startups and Brings New Tech to Saudi Arabia

    King Abdullah University of Science and Technology (KAUST) has recently wrapped up 'Destination Deep Tech,' a Saudi-first program that spins in leading-edge global startups to the Kingdom to develop deep tech innovations. The international startups - CeEntek, Hopu, Insignes-Labs, Pasqal, and Proteinea - were chosen to experience the three-month program as a result of their highly advanced technology expansion into the MENA region.

  • World’s first digital arts center is about to inaugurate in Saudi Arabia

    The DGDA has established in partnership with the MoC the first global platform that is concerned with arts and innovation in the fields of digital art, artificial intelligence and modern technologies. The center, with its diverse programs and training tracks in arts and modern technologies, is the first center specialized in digital arts in the world. The center was designed by the Italian architect Amedeo Schiattarella, who planned it in a lively creative environment, as it includes sites equipped with all the technical capabilities necessary for research, development and innovation in future arts.

  • Saudi Arabia Aims to Restart Privatization Plan for 29 Airports

    Ownership of the 29 airports has already been moved to a new entity, Matarat, in order to prepare them for the process, Abdulaziz Al Duailej, president of the General Authority of Civil Aviation, said in an interview Monday. An international investor roadshow could start in the next 12 to 18 months.

  • Saudi Arabia’s flag carrier Saudia restarts flights to Istanbul

    Saudi Arabia’s flag carrier Saudia on Saturday resumed flights to Istanbul after a two-year hiatus due to the coronavirus pandemic. A flight operated by the airline landed at Istanbul Airport on Saturday from Jeddah with 130 passengers on board.