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As Thaw Continues, Broadcasts by Qatar-based beIN Sports TV Channel Appear on Saudi TVs, Witnesses Say
- January 19,2021
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- SUSTG Team
Qatar-based TV channel beIN Sports was broadcast in Saudi Arabia on Monday after the two countries reconciled this month, ending a rift of more than three years, according to Reuters. The sports channel was barred from broadcasting in Saudi Arabia since mid-2017, when relations between the two countries were suspended, and was even the subject of international litigation between […]
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Saudi Arabia’s New Open Banking Policy to Turbocharge Digital Innovation
- January 15,2021
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- SUSTG Team
Saudi Arabia’s central bank, the Saudi Arabian Monetary Authority (SAMA), is introducing an open banking policy to advance digital innovation in the financial services sector, the body announced this week.
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Saudi Arabia’s Crown Prince Says Kingdom Offering $6 Trillion in Investment Opportunities Over Next Decade
- January 14,2021
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman said the Kingdom offers investment opportunities worth $6 trillion over the next decade, with new projects representing half of this value, he said in a speech at the World Economic Forum on Wednesday.
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$5 Billion Hydrogen Project JV Planned for NEOM Hires Financial Advisor – Report
- January 13,2021
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- SUSTG Team
A three-organization joint venture hydrogen project between Air Products, NEOM, and ACWA Power has hired financial firm Lazard to advise on a planned $5 billion hydrogen project in the NEOM high-tech business zone in Saudi Arabia, according to a Reuters report, citing sources.
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After Summit Agreement, Saudi Arabia’s Crown Prince Extends Saudi Hospitality to Visiting Qatari Emir
- January 6,2021
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- SUSTG Team
This week, Saudi Arabia and other GCC nations buried the hatchet with neighboring Qatar after a diplomatic standoff that lasted over three years. The two sides, working toward a fresh start in recent weeks, finalized the end of the feud at Tuesday’s 42nd GCC Summit in Saudi Arabia, reuniting to once again reinvigorate trade between […]
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Trump Administration Approves Nearly $300 Million in Bomb Sales to Saudi Arabia
- December 30,2020
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- SUSTG Team
The Trump Administration’s State Department has approved a possible the sale of nearly $300 million in GBU-39 Small Diameter Bomb I (SDB I) Munitions and related equipment to Saudi Arabia, the latest large U.S.-Saudi security deal to be approved in recent years. The principal contractor will be U.S.-based Boeing, St. Louis, MO.
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Saudi Arabia’s PIF Makes Two Moves in Security, Defense Space
- December 29,2020
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) and its defense subsidiary SAMI announced separate moves in the defense and security space this week, according to reports. The PIF said Tuesday it had established a company to develop and expand the private security sector in the Kingdom, creating the National Security Services Co. (SAFE). SAFE will focus on […]
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Crown Prince Mohammed bin Salman, Other Top Saudi Officials Get Vaccinated Against Coronavirus
- December 28,2020
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- SUSTG Team
Crown Prince Mohammed bin Salman and top Saudi officials have begun receiving their first dose of the Coronavirus vaccine, imported to the Kingdom earlier this month and rolled out on December 17th, according to the Saudi Press Agency. Wearing a black thobe with his left arm bare to receive the shot, the Crown Prince made a point to ensure […]
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Saudi Arabia Joins Dozens of Nations in Blocking International Travel as Mutant Coronavirus Strain Alarms Authorities
- December 21,2020
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- SUSTG Team
Saudi Arabia suspended late on Sunday all international commercial flights for a renewable week except for the foreign flights already in the kingdom which will be allowed to leave, according to reports. The variant, detected in England, is up to 70 percent more transmissible than earlier versions, officials said. People in southeast England, where the […]
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Saudi Arabia’s Economy Still Shrank in 3Q Despite Rebound Trend
- December 17,2020
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- SUSTG Team
Saudi Arabia’s economy shrank more slowly in the third quarter of this year as the government relaxed some measures put in place to curb the spread of the Coronavirus but the oil sector continued to weigh on the Kingdom’s overall economic outlook, according to reports.
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MUST-READS
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Air And Missile Defense Vital To Middle East In Face Of Iran Threats, US General Says
“Centcom is focused on operationalizing the Abraham Accords as we brought Israel into our area of operations, and missile defense is one area of cooperation that all our partners understand,” he said. Improving regional missile defense can begin with the sharing of information, which doesn’t require any nation to approve the stationing of foreign forces on their territory, he said. “My hope is that this cooperation will continue to advance in the years to come.”
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Saudi Arabia to Start Building Green Hydrogen Plant in Neom
Saudi Arabia will start construction of a green hydrogen plant as soon as this month as it pushes ahead with plans to export the fuel in about four years. The kingdom is on track sell carbon-free hydrogen from a $5 billion project in Neom by 2026, according to Peter Terium, the head of energy and water for the new region. Engineers have finished flattening the site in northwestern Saudi Arabia and U.S.-based Air Products & Chemicals Inc. will soon begin building the facility, he said.
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EU to quadruple hydrogen use to avoid Russian gas
Commission proposes an additional 15mn t/yr of hydrogen before 2030 to replace 25-50bn m³/yr of imported Russian gas. The European Commission has proposed doubling the EU’s target for domestic hydrogen production and dramatically increasing imports as part of a plan to make Europe independent of Russian gas well before 2030. The Commission says full implementation of its ‘Fit for 55' proposals—
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Saudi-US business forum to focus on defense, artificial intelligence
The Federation of Saudi Chambers will host the Saudi-US Business Forum at its headquarters in the Saudi capital with participation from the US Embassy in Riyadh. Around 200 American and Saudi businesspeople from the defense, renewable energy, informational technology and various other sectors will attend, the official Saudi Press Agency reported.
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Saudi-US business forum to focus on defense, artificial intelligence
The Federation of Saudi Chambers will host the Saudi-US Business Forum at its headquarters in the Saudi capital with participation from the US Embassy in Riyadh. Around 200 American and Saudi businesspeople from the defense, renewable energy, informational technology and various other sectors will attend, the official Saudi Press Agency reported.
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Arab women break the gender bias in the Middle East media industry
According to a Reuters Institute fact sheet published in 2020, which analyzed the gender breakdown of top editors in a strategic sample of 200 major online and offline news outlets in 10 different markets across four continents, just 23 percent of top editors were women, despite the fact that, on average, 40 percent of journalists in the 10 markets were women.
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Is the Middle East next on Putin’s agenda? What the US can do to prepare
Russia does not separate the world into compartments the way the United States government does. For Russia, Syria is an integral cog in its global campaign to displace the United States — one in which the United States will again be presented with the choice to escalate or step down.
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Electric Vehicle Manufacturer Lucid Group Gearing Up for First International Plant in Saudi Arabia After Signing Agreements with Multiple Agencies
Lucid Group, Inc. setting new standards with the longest range, fastest charging electric car on the market, today announced the signing of agreements with the Ministry of Investment of Saudi Arabia ("MISA"), the Saudi Industrial Development Fund ("SIDF"), and the Economic City at King Abdullah Economic City ("KAEC"), as it lays the groundwork for a full production factory in Saudi Arabia. The agreements are expected to accelerate Saudi Arabia's strategic goal to transform and diversify its economy through the development of sustainable energy and transportation. Lucid estimates that the location of Lucid's first international manufacturing plant in the Kingdom of Saudi Arabia may result in up to $3.4 billion of value to Lucid over 15 years, and the facility will enable Lucid to address growing demand for Lucid's products.
- The Street - Lucid Pulls Saudi Arabia Out of a Hat Against Tesla
- The National - Lucid to start construction on first international manufacturing plant in Saudi Arabia
- PR Newswire - Electric Vehicle Manufacturer Lucid Group Gearing Up for First International Plant in Saudi Arabia After Signing Agreements with Multiple Agencies
- Zawya - PIF-backed Lucid rents land at Emaar EC for its Saudi EV plant
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Hydrogen diplomacy office opening in Saudi Arabia
In Saudi Arabia a second German hydrogen diplomacy office is now opening, in order to strengthen cooperation in this key sector.
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Newly devised human family tree reveals the ‘genealogy of everyone’
"The very earliest ancestors we identify trace back in time to a geographic location that is in modern Sudan. These ancestors lived up to and over one million years ago - which is much older than current estimates for the age of Homo sapiens - 250,000 to 300,000 years ago. So bits of our genome have been inherited from individuals who we wouldn't recognize as modern humans," Wohns said.
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