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Leaders Arrive in Saudi Arabia for Two Summits as Tensions Run High Over Iran
- May 30,2019
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- SUSTG Team
Saudi Arabia began hosting Arab leaders for two emergency summits starting today after attacks this month on oil assets has heightened tensions with Iran, according to reports. Riyadh hopes the meetings will deliver a strong message to Iran that regional powers will defend their interests against any threat after this months attacks, Reuters reports. Saudi Arabia’s Minister of […]
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Saudi cabinet affirms desire to avoid war and have stable oil markets in face of heightened Iran tensions
- May 22,2019
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- SUSTG Team
Saudi Arabia’s cabinet took the step of affirming the Kingdom’s desire to avoid regional conflict and ensure stable oil markets as tensions between Iran and the United States simmer, according to the state-run Saudi Press Agency and Reuters. The kingdom “will do everything in its power to prevent any war and its hand is always extended […]
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Arabian Centres IPO Postponed Two Days, But will Still Make History
- May 21,2019
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- SUSTG Team
Saudi Arabia’s largest share offering in four years for Arabian Centres shopping malls has been postponed for two days amid rising geopolitical tensions and a looming trade war between the U.S. and China, but when trading begins, it will still be a historic moment for Saudi Arabia’s markets. In addition to being the biggest IPO in four years, the […]
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Tensions Simmer in the Gulf as Kingdom Says it Wants to Avoid War but ‘Will Respond Firmly and Decisively to Any Threat’
- May 20,2019
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- SUSTG Team
Tensions simmered with Iran over the weekend as Saudi Arabia, the United States and allies made it clear war should be avoided at all costs but that they would respond to security threats and defend their interests if necessary. Following last week’s two attacks on key Saudi energy targets, which the Kingdom blames on Iran and […]
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Fragile Ceasefire in Key Yemen Port Broken with Fresh Fighting after Cross-Border Drone Attack on Saudi Oil Pipelines
- May 15,2019
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- SUSTG Team
Fresh fighting broke out in a key port in Yemen yesterday, breaking a fragile cease-fire and threatening to complicate a troop withdrawal agreement intended to pave the way for wider peace talks, according to reports. Hodeidah port on the Western coast of Yemen “is a lifeline for millions of Yemenis threatened by starvation because of the war […]
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Saudi Arabia’s Sipchem, Sahara Eye U.S. and Asia Deals after Merger – Report
- May 14,2019
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- SUSTG Team
Saudi International Petrochemical Co (Sipchem) and Sahara Petrochemical “plan to target acquisitions and joint ventures in the United States and Asia when their merger is completed in order to expand market reach,” Reuters reports, citing top executives. Sipchem signed a non-binding agreement to buy Sahara Petrochemicals Company in a deal valued at 8.25 billion riyals ($2.2 […]
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Oil Soars as Two Saudi Oil Tankers Among Four Attacked off UAE Coast
- May 13,2019
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- SUSTG Team
Saudi Arabia said on Monday that two of its oil tankers were among those attacked off the coast of the United Arab Emirates, Reuters reports, with a total of four vessels being impacted by an attack. The UAE said on Sunday that four commercial vessels were “sabotaged” just outside the Strait of Hormuz. It did […]
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Saudi Arabia Replaces Head of Civil Aviation by Royal Decree Amid Airport Delays
- May 8,2019
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- SUSTG Team
Saudi Arabia replaced the head of its civil aviation authority on Wednesday, Reuters reports, appointing Abdelhadi Al-Mansouri president of the General Authority for Civil Aviation (GACA). Al-Mansouri’s appointment fills a position that has been vacant officially since January, when his predecessor, Abdelhadi Al-Mansouri, was dismissed. He was appointed in June 2017. No details were given on the […]
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Senate Fails to Override Trump Veto on Yemen War
- May 3,2019
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- SUSTG Team
The Senate on Thursday fell short of the votes needed to override President Trump’s veto of legislation demanding an end of U.S. support for the Saudi-led military coalition operating in Yemen. The resolution passed in the House and Senate would have ended all U.S. involvement with the Saudi Arabia-led coalition in the war in Yemen. It marked […]
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Saudi Economy to Grow at 2% This Year, Government Posts Large 1Q Surplus
- April 24,2019
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- SUSTG Team
Saudi Arabia’s central bank governor, Ahmed Al-Kholifey, told Reuters in an interview that he expects economic growth to be “no less than 2 percent” in 2019. The comments from Al-Kholifey comes as a separate quarterly Reuters poll of economists found lowered expectations for growth in Arab Gulf economies this year. Gross domestic product in Saudi Arabia, […]
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MUST-READS
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World-renowned Museums of Illusion arrives in Riyadh
The Museum of illusions is an exciting experience that specializes in optical illusions and challenges the boundaries of physics through exhibits that include a set of educational and interactive games, and brain puzzles appropriate for all age groups. With the aim of stimulating the human mind in a fun filled experience, the exhibits include holograms, optical illusions, Rotated Room as well as immersive rooms that are designed to trick the mind and challenge your vision and gravity. The museum also offers visitors a sensory experience where they can touch and feel certain items to learn more about them.
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Saudi-Qatar rapprochement: How end of family feud helps the Gulf
There was a sense of palpable joy from divided families and friends in a tribal region that is perhaps more connected by blood and trade than any other regional bloc. Gulf media were full of stories of daughters reunited with their parents, grandparents meeting their grandchildren for the first time.
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Luxembourg, EU snub Pompeo in final Europe trip, diplomats say
U.S. Secretary of State Mike Pompeo cancelled his Europe trip at the last minute on Tuesday after Luxembourg’s foreign minister and top European Union officials declined to meet with him, European and U.S. diplomats familiar with the matter said.
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Digital museum brings historic Saudi images back to life
A digital museum curator has turned to artificial intelligence (AI) to help bring the history of Saudi Arabia back to the future. Omar Murshid, who set up Al-Masmak Digital Museum a decade ago, has been painstakingly transforming old black-and-white photographs and rare film footage into color images.
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Saudi National Museum Appoints Woman to Top Position
In her new position, she will implement plans to develop the National Museum and upgrade the visitors’ experience by developing services and museum content. She holds a master’s degree in international and global studies from Oklahoma State University in Stillwater and a bachelor’s degree in art studies, with a focus on jewelry design, from the University of Science and Arts of Oklahoma in Chickasha.
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EU foreign ministers pave way for revival of Iran nuclear deal
The absence of any European requirement for Iran to agree to the principle of a new deal at this stage may make it easier for the nuclear deal to be revived relatively quickly. Iran’s leaders have said it will reverse the steps it has taken away from the deal within hours of the US lifting crippling economic sanctions.
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Germany to contribute 1.5 million euros to Thyssenkrupp’s Saudi hydrogen plant
Electrolysis is a carbon-free process - if powered by renewable electricity - to extract “green” hydrogen from water, but future German demand for the element as it moves to decarbonise its economy can’t be met domestically. Aiming to build up partnerships overseas to secure imports, Germany approved in June a 9 billion euro strategy to promote hydrogen initiatives at home and globally.
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How a 28-year-old Saudi entrepreneur turned loss into success
The campaign, #DriveDefinesHer, marks the upcoming release of the new Panamera in the Middle East early next year. It shines a spotlight on the three women by showcasing their aspirational stories through video while encouraging other women in the Middle East to pursue careers in male-dominated professions.
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European powers call Iran’s enrichment plans ‘deeply worrying’
The governments of France, Germany and the United Kingdom expressed concerns over Iran's reported plan to install additional centrifuges at its Natanz nuclear facility.
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EU to consider making good on sanctions threat against Turkey
Ministers will not take decisions at their meeting on Monday, leaving that to Thursday’s summit of EU leaders, who in October told Turkey to stop exploring in disputed waters in the eastern Mediterranean or face consequences.
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