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Recent stories from sustg
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Huawei in Talks With Saudi Authorities for Middle East HQ Move to Saudi Arabia
- April 10,2023
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- SUSTG Team
Huawei Technologies Co., the Chinese multinational technology corporation, is looking to make Riyadh its headquarters for its growing Middle East operations, according to a report.
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Challenges Remain for Investment into Saudi Arabia as FDI Falls 60% in 2022
- April 4,2023
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- SUSTG Team
Foreign direct investment (FDI) into Saudi Arabia fell by almost 60% in 2022, the first annual drop in five years and the second largest drop in more than 15 years, according to new data.
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U.S.-Based Marriott Inks Deal with Rua Al Madinah Holding Company for Eight Hotels
- March 21,2023
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- SUSTG Team
U.S.-based Marriott International announced it has signed an agreement with Rua Al Madinah Holding Company to open as many as eight hotels in the Holy City of Madinah in Saudi Arabia.
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An evolving U.S.-Saudi relationship, jaw-dropping developments and progress on the Red Sea, and much more….
- March 10,2023
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- SUSTG Team
Episode 78! The 966 hosts fly solo this week ahead of a busy week of travel to Saudi Arabia and the region and an impressive slate of forthcoming guests in the coming weeks. This week the hosts discuss a recent collection of articles and items in the media that paint a picture of a U.S.-Saudi […]
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Saudi Economy in 2023 Report: Saudi Non-Oil Economy Forecasted to Grow Over 5% — Jadwa Investment
- February 28,2023
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- SUSTG Team
Riyadh-based Jadwa Investment says it sees Saudi Arabia’s non-oil economy continuing its growth streak through 2023, “growing well in excess of 5 percent,” according to a report issued by Jadwa.
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Saudi Arabia to celebrate Founding Day on February 22
- February 21,2023
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- SUSTG Team
On February 22 Saudi Arabia celebrates Founding Day which commemorates Mohammed Bin Saud’s ascension to leadership of the central Arabian town of Diriyah in 1727.
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First Saudi Team Reaches Club World Cup Final as Al Hilal Bests South American champions Flamengo
- February 8,2023
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- SUSTG Team
Saudi Arabia’s Al Hilal secured a 3-2 win over South American champions Flamengo on Tuesday that sent them to the Club World Cup final – the first time a Saudi team has reached the championship match in this tournament.
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Saudi Arabia’s Non-Oil Economy Grew 6.2% During the Fourth Quarter of 2022 – Latest Data
- January 31,2023
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- SUSTG Team
In the 4th quarter of 2022, Saudi Arabia’s non-oil sector grew at the fastest pace in more than a year and “helped the kingdom record the fastest overall growth among major global economies,” Bloomberg reports. The non-oil economy grew an annual 6.2% during the fourth quarter of last year, the highest level since the third […]
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Report: Saudi Arabia Explored Bid to Buy F1 for Over $20 Billion
- January 23,2023
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- SUSTG Team
Saudi Arabia explored a bid to acquire Formula 1 racing in early 2022, according to a Bloomberg report.
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Saudi Arabia Makes Major Amendment to Citizenship Law
- January 12,2023
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- SUSTG Team
Saudi Arabia’s King Salman issued a royal decree that defines who can claim Saudi citizenship, allowing the children of Saudi women who are married to expat men to now apply for citizenship after the age of 18.
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MUST-READS
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TurkeyErdogan says Turkey must cut interest rates to fight inflation
Turkish President Tayyip Erdogan said on Thursday the central bank must cut interest rates or inflation will remain high, and he blamed the recent volatility in the lira on “attacks” by the United States and other Western countries.
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TurkeyLira Rebounds as Turkey Central Bank Moves to Allay Market Fears
The Turkish lira rebounded, recouping losses after its worst day since a crash last year, as the central bank raised borrowing costs and signaled it was taking steps to bolster its official reserves.
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Australia-TurkeyGallipoli tourism operators play down Australia-Turkey tensions
Erdoğan suggested that anyone who travels to Turkey with anti-Muslim sentiments would be sent back in coffins, “like their grandfathers were” during the Gallipoli campaign.
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Turkey-IranMinister: Turkey, Iran Launch Joint Raid Against Kurdish Rebels
Turkey and Iran on Monday started a joint military operation against Kurdish rebels on Turkey's eastern border, state-run Anadolu news agency quoted the interior minister as saying. Turkey has recently talked about a possible joint operation with neighbour Iran to counter outlawed militants from the the Kurdistan Workers' Party (PKK), but this is the first time Turkish authorities have confirmed a raid.
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EgyptAnalysis: Despite friction, Egypt retains economic ties with Turkey, Qatar
Egypt has so far managed to keep its economic interests away from its foreign political disputes. Mostly.
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TurkeyTurkey targets defense and aerospace exports to counter growing national deficit
The Turkish government is pressuring its defense and aerospace industries to boost exports as part of an aggressive strategy aimed at addressing the country’s account deficit and plunging national currency.
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TurkeyTurkey’s economy slides into recession
The Turkish Statistical Institute said the economy shrank by 2.4% in the fourth quarter of 2018, from the previous quarter. It followed a 1.6% drop the previous quarter, making two quarters of falling growth - the definition of recession.
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U.S.-TurkeyTurkey and U.S. head for showdown over missile contracts
President Tayyip Erdogan’s government has missed a ‘soft deadline’ set by Washington to decide whether to buy a $3.5 billion Raytheon Co. Patriot missile shield system. The formal offer expires at the end of this month, U.S. officials have said.
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TurkeyDon’t Sell F-35 To Turkey If It Buys Russian SAMs: Top NATO General
A team of U.S. officials is in Turkey today, meeting with Turkish officials about their planned purchase of the S-400, one of the world’s most effective anti-aircraft systems.
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U.S. - TurkeyU.S. intends to end preferential trade treatment for Turkey
Turkey is one of 120 countries that participate in the GSP, the oldest and largest U.S. trade preference program. It aims to promote economic development in beneficiary countries and territories by eliminating duties on thousands of products.
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