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Unemployment Among Saudi Citizens Hits Lowest in the Decade as Economy Continues Recovery
- September 30,2021
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- SUSTG Team
Unemployment of Saudi citizens dropped to 11.3% in the second quarter of this year, the lowest in a decade, according to the government’s General Authority for Statistics, as signs continue to mount that the Saudi economy is continuing to recover from the global pandemic.
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ACWA Sets IPO Price at Top End of Range; Mulls Green Bond Options in 2022
- September 29,2021
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- SUSTG Team
Saudi Arabia’s ACWA Power International, one of the Kingdom’s main vehicles for building renewable energy projects, has set the offer price for its IPO at the top of a range, Bloomberg reports. According to that report, ACWA Power International will sell shares at 56 riyals ($14.93) apiece after the institutional part of the offering ended, and will raise $1.2 billion for […]
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U.S. National Security Adviser Jake Sullivan Visits Saudi Arabia, Meets with Crown Prince Mohammed bin Salman
- September 28,2021
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- SUSTG Team
President Joe Biden’s national security adviser, Jake Sullivan, visited Saudi Arabia on Monday and met with Crown Prince Mohammed bin Salman, according to reports.
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Diriyah Contemporary Art Biennale, First of its Kind in Saudi Arabia, Announces Artists
- September 24,2021
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- SUSTG Team
The upcoming Diriyah Contemporary Art Biennale – the first art event of its kind to be held in Saudi Arabia – announced participating artists for the exhibition called Feeling the Stones, according to a report in The Art Newspaper. The event is scheduled to take place starting December 11 and running for three months, concluding March 11, 2022.
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Saudi Arabia Celebrates 91st National Day in Kingdom with Patriotic Airshows, Events and Fireworks
- September 23,2021
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- SUSTG Team
Saudi Arabia is celebrating its 91st Saudi National Day today, marking the formation of the modern-day Kingdom with the unification of the Nejd and Hejaz by King Abdulaziz Al-Saud in 1932. The Kingdom’s version of the 4th of July will be celebrated this year under the slogan “A Home for Us.”
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Residential Mortgages Soar in Saudi Arabia; Commercial Rents in Riyadh See Post-Pandemic Recovery
- September 21,2021
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- SUSTG Team
Roughly five years after the launch of the Kingdom’s National Transformation Plan (NTP), a key part of the Saudi Arabia’s Vision 2030 social and economic masterplan, Saudi is seeing major initial progress in the real estate sector, with new residential mortgages soaring 1000% since 2016, according to a report from industry powerhouse KnightFrank.
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SABIC, Exxon Mobil JV on Gulf Coast Prepares for Initial Startup – Report
- September 20,2021
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- SUSTG Team
Saudi petrochemicals firm SABIC said on Sunday its joint venture project with ExxonMobil in the U.S. Gulf Coast has started commissioning activities and preparing for an initial startup, according to Reuters.
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U.S. State Department Approves Potential $500 Million Saudi Maintenance Deal
- September 17,2021
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- SUSTG Team
The U.S. State Department has approved a potential agreement covering up to $500 million in military support services for Saudi Arabia, the first since President Biden took office on January 20. The agreement has been sent to Congress for review, the Pentagon said on Thursday.
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Crown Prince Launches Major Education Reform with ‘Human Capability Development Program’
- September 16,2021
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- SUSTG Team
Saudi Arabia is set to undertake a top-to-bottom overhaul of the Kingdom’s education system to better prepare citizens to find jobs and tackle intolerance, according to an announcement on the Vision 2030 website and other reports.
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Non-Oil Sector in Saudi Arabia Loses Some Steam in Latest Figures as Kingdom’s Economy Continues to Grow
- September 13,2021
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- SUSTG Team
Saudi Arabia’s economy posted a 1.8% annual growth figure for the second quarter but the non-oil sector lost steam, according to official gross domestic product (GDP) estimates shared in a Reuters report on Monday.
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MUST-READS
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Iran Missile LaunchIran Claims It Launched a Rocket Into Space
Iran successfully launched an advanced satellite-carrying rocket into space on Thursday, the nation’s state news channel announced. Experts describe the “Simorgh” rocket, whose name translates to “phoenix” in Persian, as a copy of North Korea’s Unha rocket, which uses some of the same technology as a long-range ballistic missile.
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Qatar DisputeSaudi Bloc Says Qatar Action on Terrorism Not Enough to End Spat
Qatar is falling short in its efforts to counter terrorism, a Saudi-led alliance that’s boycotting the Gulf nation said, an apparent setback to U.S. mediation efforts after Secretary of State Rex Tillerson urged the bloc to ease its seven-week embargo.
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Israel-PalestineIsrael reopens Muslim holy site — but the addition of metal detectors sparks new protests
srael reopened the Temple Mount plaza outside Al Aqsa Mosque on Sunday for the first time since a deadly shootout at the Jerusalem holy site two days earlier, but tensions persisted as Palestinians protested the new metal detectors placed at the entrance to the compound.
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GCC RiftUAE hacked Qatari government sites, sparking regional upheaval, according to intelligence officials
The United Arab Emirates orchestrated the hacking of Qatari government news and social media sites in order to post incendiary false quotes attributed to Qatar's emir, Sheikh Tamim Bin Hamad al-Thani, in late May that sparked the ongoing upheaval between Qatar and its neighbors, according to U.S. intelligence officials.
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Total and IranPerspective: Total’s Iran Deal Gives Rouhani Space to Push Reform
As an energy deal, it is not groundbreaking, and is unlikely to unlock the floodgates and lead to an early rush of international businesses entering Iran. But it does carry with it an opportunity to embolden President Hassan Rouhani’s economic reform agenda and strengthen the hands of the moderates.
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Laptop RestrictionsSaudi Arabian Airlines hopes U.S. will lift laptop ban by July 19: SPA
Saudi Arabian Airlines (Saudia) expects the in-cabin ban on laptops and other large electronics on direct flights to the United States to be lifted by July 19, state news agency SPA reported Tuesday.
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Eid-Al-Fitr 2017Saudi Arabia extends Islamic Eid al-Fitr holiday by a week: SPA
Saudi Arabia has extended this year's Islamic Eid al-Fitr holiday by one week, state news agency SPA announced on Wednesday.
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Qatar DisputeSaudi Arabia says Qatar airspace closure to protect citizens from threats
The Saudi comments were in reaction to remarks by Qatar Airway's chief executive that the kingdom, the United Arab Emirates and Bahrain were violating international law by shutting out Qatari flights.
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Saudi-QatarGulf Spat Escalates as Saudi Arabia, U.A.E. Media Attack Qatar
Tensions in the Gulf were laid open for a sixth day, with the media in Saudi Arabia and the United Arab Emirates accusing Qatar of supporting extremism and undermining regional unity. Below is a selection from newspapers and websites highlighting the deterioration in ties just a week after Gulf leaders met in Riyadh to greet U.S. President Donald Trump.
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News in Saudi ArabiaWebsites of Al Jazeera, Qatari newspapers blocked in Saudi Arabia and UAE
The websites of Al Jazeera News Channel and Qatari news sites have been blocked in Saudi Arabia and the UAE on Wednesday.
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