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Recent stories from sustg
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Saudi Civil Aviation Authority Chief Replaced as Kingdom Set to Reopen International Flights on May 17
- March 12,2021
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- SUSTG Team
Saudi Arabia’s civil aviation authority said the Kingdom will resume international flights on May 17 after they have been earlier suspended due to coronavirus travel restrictions, according to reports citing a circular.
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Saudi Arabia is Improving its Air Defenses Against Missile Attacks
- March 11,2021
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- SUSTG Team
Saudi Arabia’s air defenses “appear to be coping better with long-range attacks on the kingdom,” defense and security publication IHS Jane’s said, as Saudi Arabia continues to fend off cross-border attacks from Yemen’s Iran-backed Houthis.
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Saudi Arabia Now the ‘Top Theatrical Market in the Middle East’ and is now a ‘Major Driver for Arabic Film Production’ – Variety
- March 5,2021
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- SUSTG Team
Saudi Arabia’s historic re-opening of cinemas three years ago was the start of a major cinema and film boom in the Kingdom, making the Kingdom “the top theatrical market in the Middle East and is turning into a major driver for Arabic film production,” a top Hollywood publication reports.
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U.S. Secretary of State Blinken, Saudi FM Discuss Yemen Cooperation by Phone; State Department Condemns Houthi Attacks
- February 11,2021
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- SUSTG Team
U.S. Secretary of State Antony Blinken discussed diplomatic efforts to end the war in Yemen and bolstering Saudi Arabia’s defenses in a call with Saudi Foreign Minister Prince Faisal bin Farhan Al Saud on Wednesday, the U.S. State Department said.
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Rare Rain Challenges Golfers on Second Day of Saudi International at KAEC
- February 5,2021
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- SUSTG Team
It only rains an average of 6 days a year at the King Abdullah Economic City near Jeddah, Saudi Arabia, but tour professionals visiting the Kingdom for the Saudi International powered by SoftBank Investment Advisers had to deal with on-and-off showers on day two in their battle to advance up the leaderboard.
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Report: U.S. Exploring New Bases, Access in Saudi Arabia to Counter Iran Threat
- January 26,2021
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- SUSTG Team
The U.S. military is “exploring the possibility of using a Red Sea port in Saudi Arabia and an additional two airfields in the kingdom” amid heightened tensions with Iran, the military said Tuesday, part of a preliminary agreement reached between the U.S. and Riyadh, according to several reports.
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Saudi Arabia’s Public Investment Fund Launches 5-Year Strategy, Including VRP Program for 2021-2025
- January 25,2021
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) announced a new five-year investment strategy, including its own Vision Realization Program (VRP) 2021-2025, with the goal of doubling its assets to 4 trillion riyals ($1.07 trillion) by 2025, according to comments made by Crown Prince Mohammed bin Salman in a public appearance on Sunday.
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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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Energy Minister Prince Abdulaziz bin Salman: New Saudi Cut Is ‘Commercial Choice, Not Political’
- January 7,2021
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- SUSTG Team
Saudi Arabia’s energy minister Prince Abdulaziz bin Salman called this week’s surprise oil output cut for February and March a “wonderful present” for the oil industry and will affect both domestic sales and exports, and said that the choice for a cut was commercial and not political.
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Saudi-led Coalition Strikes Targets in Yemen after Aden Airport Attacked
- December 31,2020
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- SUSTG Team
Saudi-led coalition warplanes struck targets in Yemen’s Houthi-held capital Sanaa on Thursday in retaliation for attacks in the southern port city of Aden the previous day, including at the airport which killed at least 25, according to reports. The attacks at the Aden airport on Wednesday took place as officials in a government backed by […]
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MUST-READS
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TurkeyUS removes Turkey from F-35 program after S-400 fiasco
In a widely expected move, the White House has formally begun the process to remove Turkey from its advanced fighter jet program. Turkey has opted for Russian military hardware over its US equivalent.
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TurkeyHow US sanctions on Turkey over Russian S400 deal could backfire
Turkish dollar-denominated bonds and the lira have both fallen in recent days, with investors concerned about its credibility and the potential for U.S. sanctions over a Russian weapons deal.
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TurkeyOpinion: Don’t Let Turkey Defect to Russia
As Europe moved toward war in the summer of 1914, two battleships were being built for the Ottoman Empire in British shipyards. Worried about signs of an Ottoman-German alliance, Winston Churchill, then first lord of the admiralty, seized the ships. Germany then sent two ships of its own as replacements. By October, the Ottomans were at war with the Allies.
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TurkeyFor Third Day, Russia Delivers Missile System Parts To Turkey
Russia has sent new components of its S-400 air-defense system to a military air base near the Turkish capital, Ankara. Turkey's Defense Ministry tweeted on July 14 about the landing of a fifth and sixth Russian cargo planes at Murted air base, saying two more planes were expected within hours.
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TurkeyTurkey gets first shipment of Russian S-400 system, defying US
Russia began delivery of an advanced missile defense system to Turkey on Friday, a move expected to trigger US sanctions against a NATO ally and drive a wedge into the heart of the Western military alliance. The first parts of the S-400 air defense system were flown to a military air base near the capital Ankara, the Turkish Defense Ministry said, sealing Turkey's deal with Russia which Washington had struggled for months to prevent.
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EnergyUS, Egypt warn Turkey over drilling off Cyprus
The United States and Egypt on Tuesday warned Turkey against escalating tensions in the eastern Mediterranean over its attempt to drill for oil and gas in the waters off Cyprus. "The United States remains deeply concerned by Turkey's repeated attempts to conduct drilling operations in the waters off Cyprus," the State Department said in a statement.
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TurkeyTurkey’s Tayyip Erdogan on why central bank needs to be overhauled
Turkish President Tayyip Erdogan said Murat Cetinkaya, the former central bank governor, “did not inspire confidence in markets,” the Haberturk news website reported.
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TurkeyTurkey is the poster child for what happens when politicians mess with central banks
Turkey is the poster child for what can happen when political leaders meddle with central banks. Years of pressure from Erdogan limited the central bank's willingness to cool off the red-hot economy by raising rates. That led to higher inflation that the central bank only belatedly tried to tackle.
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TurkeyTurkey’s Long, Painful Economic Crisis Grinds On
Turkey has avoided the meltdown that seemed possible last summer when the lira plunged precipitously, but safety is remote. The palpable threat of imminent collapse has given way to a sense of muddling through as the government unleashes credit to defer an inevitable reckoning. Meanwhile, anyone with money stashes it away in the face of gnawing fears, depriving the economy of vitality.
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Turkey$72M worth of radioactive element used in nuclear reactors reportedly seized in Turkey
Authorities in Turkey reportedly discovered $72 million worth of a radioactive element — used in nuclear reactors and found in the fallout of nuclear explosions — from a car. The 18.1 grams of californium were seized in the northern Bolu province of the country, law enforcement officials said Saturday, according to the Daily Sabah. Five people were being investigated in regards to the incident.
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