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Saudi National Day, Significant Traction in Airline/Travel Reforms, Saudi-Greece Relations, and more – The 966 Episode 60
- September 23,2022
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- SUSTG Team
Episode 60! The 966 wishes everyone a fun and safe Saudi National Day. This week, the hosts re-connect after a two week hiatus for the 60th episode of the show. First, the hosts discuss Richard’s one big thing, which is a deep dive on Saudi-Greece relations of late and why that bilateral relation is one […]
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Friday Marks Saudi Arabia’s 92nd National Day; 9 Days of Events and Celebrations Planned
- September 21,2022
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- SUSTG Team
Saudi Arabia’s 92nd national day is set for Friday, September 23rd, with nationwide events, patriotic displays and festivals planned by authorities.
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Jadwa Investment Raises Saudi Arabia’s Growth Forecast to 8.7% for 2022
- September 20,2022
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- SUSTG Team
Riyadh-based investment bank Jadwa Investment has revised upward its growth forecast for Saudi Arabia this year, after the Kingdom’s economy showed strong expansion in both oil and non-oil activities in the first half of 2022.
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Middle East Regional Carriers to Spend $765 billion by 2040 on Fleet Expansion, Boeing Says
- September 19,2022
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- SUSTG Team
Carriers in the Middle East are set to expand its fleet with an additional 2,980 commercial jets in the next two decades, spending upwards of $765 billion on new planes, major supplier Boeing said on Monday in Dubai. The new planes will be required to meet the strongly recovering demand for both passenger and cargo […]
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US’ Advent Technologies signs MoU with Saudi-based Hydrogen Systems; Saudi Wants Green Hydrogen Commitment from EU
- September 16,2022
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- SUSTG Team
US-headquartered Advent Technologies has signed a Memorandum of Understanding with Riyadh-based Hydrogen Systems “to provide integrated hydrogen solutions and value-added support to industrial and renewable energy markets in the Middle East,” Zawya reports.
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Saudi Arabia’s NEOM Sets Target Date of 2026 for First Production of Green Hydrogen
- September 15,2022
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- SUSTG Team
Saudi Arabia’s giga project NEOM will start producing as much as 650 tons per day of green hydrogen in 2026, according to comments made by the CEO of NEOM Industrial City (OXAGON) at the Saudi International Iron and Steel Conference in Riyadh.
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Saudi’s SNB Capital Tops Forbes Ranking of Middle East Asset Managers; More than Half of List Based in Saudi Arabia
- September 14,2022
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- SUSTG Team
Forbes Middle East released its second annual ranking of the Middle East’s top 30 asset management companies, placing Saudi Arabia’s SNB Capital at the top of the list which is dominated by Saudi entities.
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Development on AMAALA Pushes Ahead as 300 Contracts Awarded Worth $1.6 Billion to Date
- September 12,2022
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- SUSTG Team
Saudi Arabia’s ultra-luxury tourism project AMAALA has broken ground and has $1.6 billion of contracts currently out to tender across 54 proposals, the project’s developer The Red Sea Development Company (TRSDC) revealed in a press statement.
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Saudi Arabia’s PIF Eyes a Stake in Regional Starbucks Franchise — Report
- September 9,2022
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- admin
Saudi Arabia’s Public Investment Fund is leading a consortium of investors which has emerged as the frontrunner to buy a minority stake in Kuwaiti conglomerate Alshaya Group’s Starbucks Corp. franchise, people familiar with the matter told Bloomberg.
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Saudi GDP Up 12.2% in Second Quarter, Exceeding Initial Estimate, as ‘Boom Spreads Beyond Oil’
- September 7,2022
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- SUSTG Team
Saudi Arabia’s real gross domestic product expanded by 12.2% in the second quarter compared with the same period of 2021, new data revealed on Wednesday, as the Kingdom continues to see growth from high oil prices that is now spreading to the private sector.
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MUST-READS
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Saudi Arabia to build a robust education environment as part of its Saudi Vision 2030
In a wide-ranging interview, Dr. Al-Mutair said that “the Kingdom aims to build a coherent education system by 2030 which requires creating a homogeneous and harmonious education environment between public and higher education on the one hand and private and governmental education on the other hand.” “The vision also aims that at least five Saudi universities will rank among the best 200 universities worldwide by 2030,” he added.
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‘Quarterback’ of Election Day intel effort reveals more countries seeking to influence American voters
Evanina would only confirm that all three countries identified in the NCSC’s public statements – Russia, China, and Iran – have made attempts to penetrate the major campaigns and candidates this year, but he would not disclose whether those digital attempts this year were successful – only that the sheer number of attempts has soared.
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Saudi’s NWC installs 2 million smart meters, consumption down 39%
Saudi Arabia’s National Water Company (NWC) has successfully completed the installation of more than 2 million smart meters in various regions of the kingdom, which has alerted customers to their high consumption patterns, resulting in a 39% decrease in monthly water consumption rates for each customer. More than 950,000 customers have benefited from the smart meters, with an average of 36,000 weekly ‘high consumption’ alert messages sent to urge customers to identify the causes of high consumption of water, whether from internal leaks or daily use.
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Saudi Arabian Government Looking To Partner With Iowa Farmers On Imports
Saudi Arabia imported almost $300 million in corn and $120 million in soybeans from the U.S. in 2018, the majority of which came from Iowa, Bakir said.
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Saudi unemployment spikes as virus-hit economy shrinks by 7% in second-quarter
“No surprises in the pace of decline. Non-oil GDP was going to be hit harder with the lockdowns. Oil contraction instead was partly limited by the marked ramp up in oil output in April,” said Monica Malik, chief economist at Abu Dhabi Commercial Bank.
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UN Says Yemen’s Warring Parties Must Face Justice
A group of Eminent Experts on Yemen accuses Yemen’s warring parties of widespread violations, some amounting to war crimes and crimes against humanity. They are calling for an end to impunity and for perpetrators of these crimes to be brought to justice. The report has been submitted to the UN Human Rights Council. For the second consecutive year, the Yemeni government and its Saudi-led coalition partners have refused to grant the Group of Experts entry into their countries. Nevertheless, the experts managed to gather a ream of evidence from more than 400 witnesses, victims and other sources through remote and secure channels.
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Yemen’s warring parties agree to their largest prisoner swap as U.N. seeks ceasefire
The U.N. Special Envoy for Yemen wants to build on Sunday’s announcement of the largest prisoner exchange agreement in the five-year conflict to pave the way for a national ceasefire and a political solution to end the war, he said.
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Saudi National Day – United States Department of State
This year, our two countries are celebrating the 75th anniversary of the historic meeting between President Roosevelt and King Abdulaziz aboard the U.S.S. Quincy, a meeting which laid the foundation for the strong strategic partnership the United States and Saudi Arabia enjoy today.
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The Return of UN Sanctions on the Islamic Republic of Iran – United States Department of State
The United States took this decisive action because, in addition to Iran’s failure to perform its JCPOA commitments, the Security Council failed to extend the UN arms embargo on Iran, which had been in place for 13 years. The Security Council’s inaction would have paved the way for Iran to buy all manner of conventional weapons on October 18.
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Saudi side Al Taawoun name Frenchman Carteron as head coach
The 50-year-old won the CAF Champions League crown in 2015 with Congolese side TP Mazembe and also has prior experience in Saudi soccer with a stint at Al Nassr in 2017.
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