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Princess Reema in Vogue Middle East: ‘Profound, Historic Changes’ for Women in Saudi Arabia
- December 11,2020
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- SUSTG Team
Saudi Arabia’s Ambassador to the United States Princess Reema bint Bandar penned an open letter for Vogue Middle East discussing the progress made and path forward for Saudi Arabia’s women, noting that women in the Kingdom are “cracking the glass ceiling.”
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Saudi Aramco, Shell & AMG Recycling B.V. Sign Agreement to ‘Maximize Value of Natural Resources’ in Kingdom
- December 2,2020
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- SUSTG Team
Saudi Aramco and Amsterdam-based Shell & AMG Recycling B.V. signed a memorandum of understanding this week to “evaluate the feasibility of creating a venture in support of Saudi Arabia’s vision to maximize value from its vast natural resources,” the companies said in a press release this week. The two companies will explore the potential ability for Saudi Aramco to […]
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White House Advisor Jared Kushner Heads to Saudi Arabia, Qatar for Diplomatic Talks
- November 30,2020
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- SUSTG Team
White House senior adviser Jared Kushner and a team of outgoing Trump administration officials are heading to Saudi Arabia and Qatar this week in an attempt to secure more diplomatic agreements in the Middle East before the Trump administration leaves office in January, according to reports. The visit by Kushner, President Trump’s son-in-law, comes amid simmering tensions in the […]
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Saudi Arabia Hosts First G20 in Middle East; Leaders Pledge Collective Action on Coronavirus
- November 23,2020
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- SUSTG Team
Leaders of the G20 nations, the world’s largest economies, concluded their two-day virtual summit this weekend hosted by Saudi Arabia offering pledges to cooperate on the Coronavirus pandemic, the global economic recovery, energy and climate change, and women’s empowerment. The nations succeeded in sending a message of “hope and reassurance to their citizens and the global community,” Saudi […]
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‘We are Expanding our Library of Saudi Content’: Netflix Signs Multi-Picture Deal with Saudi Arabia’s Telfaz11 Studios
- November 12,2020
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- SUSTG Team
Netflix has announced a partnership with Saudi Arabian digital media studio Telfaz11 to produce eight new feature films, Variety reports, an expansion of the media powerhouse’s interest in Saudi Arabia’s budding creators and growing entertainment market. According to Variety, the deal segues from the two companies’ previous collaboration on the short film collection “Six Windows in […]
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A Second Straight Month of Growth for the Saudi Non-Oil Private Sector
- November 3,2020
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- SUSTG Team
Saudi Arabia’s non-oil private sector saw a second straight month of expansion in October, as figures show output grew at a “solid pace,” Reuters reports. The seasonally adjusted IHS Markit Saudi Arabia Purchasing Managers’ Index (PMI) rose to 51.0 in October from 50.7 in September. The 50.0 mark separates growth from contraction.
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Industry-Tracker Opensignal Says Saudi Arabia has the Fastest 5G, On Track to Becoming a 5G Regulator
- October 22,2020
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- SUSTG Team
Saudi Arabia is tops in the world in 5G speeds, beating out South Korea by a significant margin as the Kingdom unveiled its plans to become a a 5G regulator, according to reports.
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Saudi Arabia Launches National Strategy for Data and Artificial Intelligence at Global AI Summit
- October 21,2020
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- SUSTG Team
Saudi Arabia on Wednesday launched a National Strategy for Data and Artificial Intelligence (AI) and will announce several AI-related partnerships, Reuters reports, citing Abdullah bin Sharaf Alghamdi, the head of the Saudi Data and Artificial Intelligence Authority (SDAIA).
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U.S.-Saudi Strategic Dialogue: Pompeo Declares ‘New Era’ in the U.S.-Saudi Relationship, New Riyadh Embassy Eyed
- October 15,2020
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- SUSTG Team
The inaugural US-Saudi Strategic Dialogue that kicked off Wednesday in Washington marks a “new era” in the U.S.-Saudi relationship, Secretary of State Mike Pompeo said in comments made alongside his counterpart, Saudi Foreign Minister Prince Faisal bin Farhan, following their meeting.
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As Saudi Arabia Continues to See Success in Coronavirus Control, Minister Urges Vigilance
- October 9,2020
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- SUSTG Team
Saudi Arabia continues to make steady progress in containing the spread of the Coronavirus, detecting 407 new cases in the last 24 hours, bringing the total number of confirmed infections in the Kingdom to 338,539, the Ministry of Health announced on Friday.
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MUST-READS
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UK sanctions Libyan al-Kaniyat militia and its leaders – statement
British Foreign Secretary Dominic Raab said the Kaniyat militia had overseen a five-year reign of terror until 2020, torturing and murdering innocent people. "The UK has today imposed asset freezes and travel bans on the militia group and its two leaders. We will hold them accountable for these atrocities," Raab said on Twitter.
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US, Iran signal possible breakthroughs in nuke talks
Ahead of the resumption of indirect talks between the two countries in Vienna this week, U.S. and Iranian officials are shuttling around the Middle East in a signal of close regional cooperation and an unprecedented easing of tensions between Iran and Gulf nations.
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G7 to consider mechanism to counter Russian ‘propaganda’, UK’s Raab says
The Group of Seven richest countries will look at a proposal to build a rapid response mechanism to counter Russian "propaganda" and disinformation, British Foreign Secretary Dominic Raab told Reuters.
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UK High court to hear legal battle over UK arms sales to Saudi Arabia
Anti-arms trade campaigners have been given permission to challenge in the high court the UK government’s decision to resume the sale of arms to Saudi Arabia that could be used in the war in Yemen. Campaign Against Arms Trade (CAAT) won leave to seek a judicial review of a decision taken by international trade secretary, Liz Truss, last summer, which was followed by £1.4bn worth of arms exports soon after.
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Saudi MoF closes April domestic sukuk issuance worth $3.1bn
Gulf states are tapping bond markets to raise fresh funds as traditional revenue sources such as crude oil sales come under pressure as a result of the coronavirus pandemic.
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UK Denies Intervening in Newcastle United Football Club Deal by Saudi-Led Group
The U.K. said it was not involved in the proposed takeover of Newcastle United Football Club by a Saudi Arabia-led investor group, and denied a report Prime Minister Boris Johnson asked a senior aide to intervene. “This was a commercial matter for the parties concerned and the government was not involved at any point in the takeover talks of the sale,” Johnson’s spokesman, Max Blain, told reporters on Thursday.
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Iranian prosecutor announces indictments in downing of Ukrainian jet
The announcement of the indictments comes after the country faced harsh criticism for its final report on the incident last month and before Iran is expected to begin indirect discussions with the U.S. to reenter a nuclear pact.
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Saudi’s Islamic Development Bank lists $2.5bn sustainability sukuk on Nasdaq Dubai
Saudi Arabia’s Islamic Development Bank (IsDB) has listed a $2.5bn sustainability sukuk on Nasdaq Dubai. It is the second AAA-rated sukuk issuance under the Sustainable Finance Framework of IsDB and is the bank’s biggest US dollar public issuance to date. The 5-year $2.5 billion Trust Certificates were priced at par with a profit rate of 1.262 percent, payable on a semi-annual basis.
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Saudi mall operator Arabian Centres expected to raise $650 million via sukuk – document
Saudi mall operator Arabian Centres is expected to sell $650 million in 5-1/2 year Islamic bonds at around 5.75% after receiving more than $1.2 billion in orders for the deal, a document showed on Tuesday.
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Saudi mall operator Arabian Centres says it intends to issue dollar sukuk
Saudi mall operator Arabian Centres said on Wednesday it intends to issue U.S. dollar-denominated sukuk, or Islamic bonds, in what would be the first Saudi corporate international bond issuance this year. Sources told Reuters last week that Arabian Centres, which operates 21 shopping centres across Saudi Arabia, was planning a $500 million sukuk sale.
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