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Saudi Economy Continues Growth Streak as Non-Oil PMI Continued in Expansion Mode in September – Jadwa Chartbook
- November 1,2022
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- SUSTG Team
Saudi Arabia’s non-oil economy continued to grow in September as data continues to point to 2022 being a year in which the Kingdom outperforms economies around the world in growth, according to the latest Jadwa Investment Chartbook for the month of September 2022.
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2022 Global Cities Report finds huge leap in Riyadh’s Cultural Experience
- October 31,2022
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- SUSTG Team
Leading management consulting firm Kearney released its 2022 Global Cities Report assessing 156 cities around the world around the world across five dimensions: business activity, human capital, information exchange, cultural experience, and political engagement.
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Saudi Ambassador to United States Reema bint Bandar Al Saud Joins CNN for Extensive Interview
- October 26,2022
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- SUSTG Team
Princess Reema bint Bandar Al Saud, Saudi Ambassador to the United States, sat down with CNN’s Becky Anderson in her first televised interview with international media since becoming the ambassador in early 2019.
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The Red Sea Development Company is Now ‘Red Sea Global,’ and Will Look to Expand Globally
- October 25,2022
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- SUSTG Team
The Red Sea Development Co., known as TRSDC, has rebranded to now be called Red Sea Global (RSG), the company announced during the sixth edition of Future Investment Initiative (FII) in Riyadh on Oct. 25.
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Crown Prince Mohammed bin Salman Unveils New Initiatives, Investments to Boost Supply Chain Resilience
- October 24,2022
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman has unveiled a new initiative designed to position Saudi Arabia as a global supply chain hub, called the “Global Supply Chain Resilience Initiative” (GSCRI).
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Sustainability in Saudi Arabia with expert Jeffrey Beyer, the Red Sea’s latest developments, and more – The 966 Episode 63
- October 21,2022
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- SUSTG Team
Episode 63! The hosts welcome Jeffrey Beyer, Managing Director, Zest Associates, a Dubai-based consultancy that develops sustainability solutions for governments and private companies for the low carbon economy. First, the hosts discuss Richard’s one big thing this week, which is Saudi Arabia’s forthcoming Saudi Games, the largest single sporting event ever in Saudi Arabia. Lucien’s […]
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Saudi Aramco Pushes Ahead With IPO of Oil-Trading Unit – Bloomberg Report
- October 20,2022
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- SUSTG Team
Saudi Aramco is pushing ahead with plans for an IPO of its energy-trading business to take place as soon as the end of 2022 or early 2023, Bloomberg reports, citing people familiar with the matter.
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Saudi Arabia’s Crown Prince Mohammed bin Salman Launches National Industrial Strategy
- October 19,2022
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman launched the Kingdom’s National Industrial Strategy, which aims to increase the industrial exports value to 557 billion riyals by 2030 ($148.34 billion), Reuters reports, citing the Saudi Press Agency.
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British Architecture Studio Foster + Partners Unveils Coral Reef-Like Marine Institute for Red Sea
- October 18,2022
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- SUSTG Team
Designs for the “world’s first fully immersive experiential marine life center” have been unveiled by British architecture studio Foster + Partners to be located on Saudi Arabia’s Red Sea coast, according to a press release from the world-renowned architecture firm.
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Brooks Koepka Wins First LIV Golf Jeddah Event, Overcomes Uihlein on 3rd Playoff Hole
- October 17,2022
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- SUSTG Team
Brooks Koepka holed his birdie putt on the third playoff hole to win the LIV Golf Invitational-Jeddah in Saudi Arabia on Sunday and claim his first victory on the tour.
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MUST-READS
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Research shows Saudi residents support green ambitions as part of Vision 2030 plans
The Institute’s research, conducted in conjunction with the polling agency Kantar and covering over 1,000 adults aged 18-54 living in Saudi Arabia, firmly establishes the depth of public support in the Kingdom for the reforms of Vision 2030. Indeed, this polling research shows that a still higher proportion (88%) of Saudis support one of the broader aims of Vision 2030: to diversify the Kingdom’s economy and transition away from oil revenues.
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KC-135s Arrive in Saudi Arabia to Replace Departed KC-10s
KC-135 Stratotankers have arrived in Saudi Arabia to replace the KC-10s which recently left the region for good after 30-plus years of service. The aerial tankers from Fairchild Air Force Base, Wash., arrived at Prince Sultan Air Base on Oct. 2. The 384th Expeditionary Air Refueling Squadron (EARS) will support combat operations throughout the U.S. Central Command area of responsibility.
A spokesperson at Air Mobility Command told Air & Space Forces Magazine that while the exact number of deployed aircraft can’t be revealed for the operational security reasons, the KC-135s are the optimal replacement for the KC-10s with the durations of theater sorties, and the aircraft will meet Global Combatant Command requirements. -
All-woman F1 Academy series to race in Saudi Arabia to start an expanded 2024 schedule
Formula One’s F1 Academy series for female drivers will race next year in Saudi Arabia to start an expanded schedule with a more prominent role in grand prix weekends. The event in March in Saudi Arabia — which lifted a ban on women driving on its roads in 2018 — starts an expanded seven-round calendar announced Tuesday for the F1 Academy in its second season. The series will also race in Miami in May before heading to Spain, the Netherlands, Singapore, Qatar and Abu Dhabi.
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Chart: Agriculture Puts Strain on Water Resources in MENA Region
Agricultural water withdrawal way beyond the limit of renewable freshwater resources is most common today in countries in the Middle East and North Africa. Several other nations, for example Spain, South Africa, South Korea, Pakistan and India, stick out for using up a higher share of their freshwater resources in agriculture than their neighbors. This is according to the FAO Aquastat database, where the latest available year for the data is 2020.
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Saudi Arabia-backed mixed martial arts league in talks to purchase rival
The Professional Fighters League is in talks to acquire its mixed martial arts competitor Bellator, as the Saudi Arabia-backed league’s founder goes on a talent acquisition drive. The negotiations follow a $100mn investment in PFL in August by a newly created sports company owned by Saudi Arabia’s sovereign Public Investment Fund. The league, founded in 2017 by US entrepreneur Donn Davis, is looking to go head-to-head with rival Endeavor’s Ultimate Fighting Championship, which has long dominated the mixed martial arts world.
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Rod Stewart rejects Saudi Arabia concert opportunity
Rod Stewart turned down a recent concert opportunity in Saudi Arabia, which has a history of human rights abuses, over his concern for its citizens who have "extremely limited choices," he said in a statement on Instagram.
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Saudi FM takes part in Arab League meeting on Israel-Hamas war
Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan took part in an extraordinary Arab League meeting on the Israel-Hamas war in Cairo on Wednesday. The meeting discussed the military escalation in Gaza and its surroundings, the worsening situation that threatens the lives of civilians and the security and stability of the region, and ways to provide protection for and aid to civilians in the Gaza Strip. During the meeting, making every possible effort to communicate with all international and regional parties to stop the escalation was discussed.
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Chart: Fossil Fuel Subsidies on the Rise
Government support for fossil fuels is equivalent to just over seven percent of the planet's economic output. A direct comparison with another important government budget item, for example, shows how enormous this sum is. Education spending by all countries combined accounts for 4.3 percent of global gross domestic product. Countering fossil fuel subsidies, according to the IMF, would not only offer a chance to put humanity back on track to meet its climate goals, but could also prevent 1.6 million premature deaths per year and increase government revenues by $4.4 trillion.
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Opinion: Israel Has Never Needed to Be Smarter Than in This Moment
I believe one reason Hamas not only launched this assault now — but also seemingly ordered it to be as murderous as possible — was to trigger an Israeli overreaction, like an invasion of the Gaza Strip, that would lead to massive Palestinian civilian casualties and in that way force Saudi Arabia to back away from the U.S.-brokered deal now in discussion to promote normalization between Riyadh and the Jewish state. As well as to force the United Arab Emirates, Bahrain and Morocco, which were part of the Abraham Accords produced by the Trump administration, to take a step back from Israel.
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Saudi FM discusses developments in Gaza with UK, Canadian counterparts
Saudi Arabia’s foreign minister received on Tuesday phone calls from British and Canadian counterparts, the Saudi Press Agency said. Prince Faisal bin Farhan, James Cleverly, and Melanie Joly discussed the developments in Gaza and its surroundings, and the need to work to calm tensions and stop the escalation.
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