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Green Riyadh Project Launches as Authorities Eye Ambitious ‘Giga’ Tree-Planting Initiatives
- December 29,2022
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- SUSTG Team
Authorities in Saudi Arabia’s capital Riyadh launched the Green Riyadh project, one of four giga-projects for the city and region: an ambitious tree-planting strategy to “greenify” many parts of the Kingdom’s largest city, according to a report from the Saudi Gazette.
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Saudi Arabia, Japan Eye Increased Trade and Cooperation at Riyadh Investment Forum
- December 28,2022
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- SUSTG Team
Saudi Arabia and Japan signed several new agreements and understandings at a Saudi-Japan investment forum to boost trade and relations between the two nations, according to reports.
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Todd Albert Nims, traction on green hydrogen, a $1 trillion economy and much more in The 966 Episode 69
- December 23,2022
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- SUSTG Team
Episode 69! Merry Christmas and happy holidays to our subscribers and listeners who celebrate. The 966 hosts kick off the second annual “Christmas spectacular” with a discussion of green hydrogen and news that Germany may be on of Saudi Arabia’s first big customers, and a discussion of Saudi Arabia as a $1 trillion (!) economy. […]
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Saudi Arabia’s Mineral Wealth Exceeds $1.3 Trillion, Ministry Says
- December 22,2022
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- SUSTG Team
Saudi Arabia’s Ministry of Industry and Mineral Resources has announced that the Kingdom’s mineral wealth is now valued in excess of $1.3 trillion, including deposits of copper, zinc, phosphates, uranium and gold, the Saudi Press Agency has reported.
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Saudi Arabia’s PIF Buys 30 Percent Stake in Cooling Company Saudi Tabreed
- December 21,2022
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) has reportedly acquired a 30% stake in Saudi Tabreed, a leading cooling services provider in Saudi Arabia, according to a report in Bloomberg and Reuters.
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Germany Sets Sights on Importing Saudi Ammonia to Make Hydrogen by 2026
- December 20,2022
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- SUSTG Team
European economic powerhouse Germany has said it hopes to import green ammonia from Saudi Arabia at a terminal to be opened in 2026, according to a report in the UAE-based The National.
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NEOM’s Green Hydrogen Facility, Set to Be World’s Largest, Gets Financing Agreements with Banks, SIDF
- December 19,2022
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- SUSTG Team
NEOM’s Green Hydrogen Company (NGHC), an equal joint venture created by ACWA Power, Air Products, and NEOM which will create the world’s largest green hydrogen plant, has inked facility agreements with local, regional, and international banks and Saudi Arabia’s SIDF to finance the construction of the plant, according to reports.
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Bill Foster from the Jones Group Saudi Arabia and Chairman of AmChamKSA joins The 966
- December 16,2022
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- SUSTG Team
Captain Bill Foster, USN (retired) is President of Jones Group Middle East, a wholly owned subsidiary of Jones Group International, and is Chairman of the The American Chamber of Commerce Saudi Arabia (AmCham Saudi Arabia). Foster joins The 966 from Riyadh, where he talks about the changes ongoing in the Kingdom and the important work […]
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New Draft Rules from Saudi Arabia’s CMA Set to Further Open Stock Market to Investors
- December 15,2022
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- SUSTG Team
Saudi Arabia plans to further open up its capital market to foreign investors by September 2023, with its capital market regulator, the Capital Markets Authority (CMA), proposing several changes to simplify requirements for qualified foreign investors (QFIs) and adding new channels for overseas retail investors in the country’s bourses, according to reports.
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Saudi Arabia’s Tourism Sector Booms as Inbound Tourists, Spending Up 5x in Q2 – MISA
- December 14,2022
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- SUSTG Team
Tourism to Saudi Arabia grew substantially in the second quarter of 2022, with the Kingdom seeing a 575.4 percent year-on-year increase in inbound tourists to the Kingdom, Saudi Arabia’s Ministry of Investment (MISA) said.
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MUST-READS
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Conflict EconomiesConflict Economies in the Middle East and North Africa
While some groups will fight to promote or defend a particular identity, others fight for economic survival or enrichment. For many more actors, these motivations are tied together, and separating out ‘greed’ and ‘grievance’ is a difficult, if not impossible, task.
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BBCLibya conflict: Drone strike kills dozens
At least 42 people have died in a drone strike in south-western Libya carried out by the forces of rebel Gen Khalifa Haftar, local officials say. The strike hit a town hall meeting in the town of Murzuq, reports say. Gen Haftar's forces - which are based in eastern Libya - say they targeted the town late on Sunday, but deny targeting civilians.
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Middle East PeaceKushner returns to Middle East as Trump envoys accuse Iran of profiting from Israeli-Palestinian conflict
President Trump’s adviser and son-in-law Jared Kushner is visiting Israel and Arab states this week as part of a push invoking the threat from Iran as a reason for Arab governments and other world powers to back a forthcoming peace proposal.
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LibyaTripoli conflict has killed almost 1,100 people, shows no signs of abating: UN
The conflict around the Libyan capital of Tripoli has killed almost 1,100 people, including 106 civilians, since it broke out in early April, a UN envoy said Monday. Ghassan Salame, UN secretary-general's special representative for Libya, told the Security Council that the fighting shows no signs of abating between the eastern forces known as the Libyan National Army (LNA) and those loyal to the UN-recognized government in the west.
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JASTA‘Mastermind of 9/11’ could help US victims in lawsuit against Saudi Arabia
The accused mastermind of the Sept. 11, 2001, attacks has indicated a willingness to be deposed by victims who are suing Saudi Arabia for damages, if the United States decides not to seek the death penalty against him.
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IranStrait Of Hormuz: Scene Of Human Conflict And Natural Beauty
The narrow waterways of the Strait of Hormuz have recently been the scene of confrontation but they're also a highway for traders, smugglers and dolphins.
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Strait of HormuzOpinion: The Strait of Hormuz, an ancient tinderbox, still sits at the center of global conflicts
Perhaps more than any other Persian Gulf nation, Iran knows the long and difficult history of conflict on its shores. Its own oil terminal is at Larak Island i n the Strait of Hormuz. No one, least of all the Iranians, would benefit should current tensions escalate to war.
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U.S.-IranCommentary: Conflict or Compromise – U.S. and Iran on a Knife’s Edge
If Tehran was counting on Trump to overreact, it must be gravely disappointed. Washington has made clear that the killing of any American would cross a redline requiring a direct kinetic response, but Tehran was already taking great pains to avoid any action that would likely appear to the international community to justify a U.S. military response.
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Women in SaudiIn Saudi Arabia, more restrictions on women may loosen
“The argument is always one of economic necessity, but even those top-down efforts, which have been very clear and systematic coming from the king and encouraged by the crown prince, still have to go through society,” says Mr. Maksad of the Arabia Foundation.
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Proxy WarfareAnalysis: The Future of Conflict is Proxy Warfare, Again
To maximize the chances for success and minimize risks, our study recommends a number of “rules of thumb” for policymakers considering the use of proxies.
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