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Crown Prince Mohammed bin Salman Launches New Transportation and Logistics Strategy
- June 30,2021
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman on Tuesday launched a new strategy that aims to make the kingdom a global logistics hub and boost the sector’s contribution to non-oil revenues, according to reports. The plans include an “ambitious package of mega-projects” and focuses on aviation, rail, and maritime shipping and logistics, according to the SPA.
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Kingdom’s Net Foreign Assets Fall Again, but Higher Oil Prices Should Lift Reserves in Coming Months
- June 29,2021
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- SUSTG Team
Saudi Arabia’s net foreign assets fell again in May by 0.8% after reaching a 10-year low last month, according to reports, but higher oil prices should boost government figures in the coming months as the Kingdom ramps up production to meet demand.
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83% of SMEs in Saudi Arabia Optimistic About Future Growth, New Mastercard Middle East Study Finds
- June 28,2021
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- SUSTG Team
83% of small and medium enterprises (SMEs) in Saudi Arabia are optimistic about the next 12 months, according to the latest research by Mastercard in a new report released by the company.
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Saudi Screening of Hajj Applicants Enters Second Stage as 560k Apply for Only 60k Spots
- June 25,2021
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- SUSTG Team
The second stage of the selection process for 60,000 places available at the Hajj pilgrimage in 2021 began on Friday, The National reports, with applications being sorted according to health status.
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Will Oil Reach $100 Soon? Traders, Industry Execs See Oil Rising Higher
- June 23,2021
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- SUSTG Team
In April last year, at the height of the pandemic crisis that touched every corner of the globe, oil prices collapsed in a spectacular fashion as demand plummeted and supply continued apace, leaving suppliers in some cases without a place to store their excess crude oil. US oil prices plunged, falling below $0 to $-37.63 a barrel – […]
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Report: Progress Toward the End of the Conflict in Yemen
- June 22,2021
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- SUSTG Team
The Saudi-led coalition fighting to restore the U.N.-backed government in Yemen and the Iran-backed Houthi rebels are working on a peace deal that would bring toward a close the years-long fighting in the country, according to a report in Reuters, which cited three sources.
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Yergin: Saudi Leadership in OPEC+ Played Significant Role in ‘Incredible Strong Global Economic Recovery’
- June 21,2021
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- SUSTG Team
Saudi Arabia’s leadership in the OPEC+ group of oil-producing nations “brought a kind of predictability and stability and caution to the market” as the global economy recovers from the pandemic in 2021, Pulitzer Prize-winning historian of the oil industry Daniel Yergin told Arab News‘ Frank Kane in an interview.
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U.S. Envoy for Yemen Tim Lenderking Again Visits Riyadh in Push to Bring Yemen War to Close
- June 17,2021
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- SUSTG Team
Veteran diplomat and U.S. Special Envoy for Yemen Tim Lenderking traveled to Saudi Arabia this week to continue efforts at bringing to a close the ongoing war in Yemen, the State Department and reports confirm. Lenderking held meetings with senior officials from both the official Yemeni government and the Kingdom and UN Special Envoy Martin Griffiths, according to […]
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Saudi Arabia Moves Ahead to Round 3 of World Cup Qualifiers with Decisive Win Against Uzbekistan
- June 16,2021
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- SUSTG Team
Saudi Arabia sailed to a victory over Uzbekistan on a final, decisive day of the Asia region’s Round 2 qualifying matches to march on to Round 3 in hopes of qualifying for the World Cup in 2022. Saudi Arabia cruised past nearest challengers Uzbekistan 3-0 on June 15 to win Group D.
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Goldman Sachs Raises Expectations for Saudi Arabia’s Oil Production and Economic Growth – Report
- June 15,2021
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- SUSTG Team
According to a report in Bloomberg, Goldman Sachs Group Inc. raised its expectations for Saudi Arabia’s oil production and economic growth in 2021 as crude prices soared over $70 a barrel this week and pandemic-related lockdowns continued to ease.
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MUST-READS
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Global Oil MarketsRussia says oil market talks with Saudi developing: newspaper
Russia, the world's top oil producer, is consulting with Saudi Arabia and other producers to achieve oil market stability, Energy Minister Alexander Novak said, adding that the door is still open for more discussions on freezing output levels if needed.
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Social MediaThree arrested in Saudi for trespassing Jazan airport while ‘hunting Pokémons’
Security authorities have arrested three young men in Saudi Arabia for trespassing the King Abdullah Airport in Jazan while engaging in the mobile reality game Pokémon.
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Si2Solar Impulse gets green light to enter Saudi airspace
The General Authority of Civil Aviation (GACA) has granted permission to the solar-powered aircraft Solar Impulse 2 (Si2) to use Saudi airspace on a flight from Cairo to its final destination of Abu Dhabi.
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IsraelIsrael passes controversial ‘transparency bill’ into law
Israel passed a controversial bill into law on Monday that requires NGOs to submit detailed accounts of foreign donations if over half their funding comes from overseas.
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Saudi BinladinSaudi prosecutors bring charges over Grand Mosque crane disaster: newspaper
Suspects including engineers and two government employees will face trial in Saudi Arabia over the deaths of 107 people when a crane toppled over at Mecca's Grand Mosque last year, a local newspaper that reflects government thinking reported on Tuesday.
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ExtremismSaudi Arabia, Blamed for Spawning Jihadists, Is Again Their Target
The images have looped on Saudi television stations. The hospital parking lot where a man blew himself up. The remains of a suicide bomber lying in the street. The black smoke rising near the resting place of the Prophet Muhammad, one of the holiest places in Islam.
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Real EstateSaudi Arabia moves up in real estate transparency ratings
According to JLL, the formation of real estate committees in the kingdom’s chambers of commerce has highlighted the issue of low transparency in the market and encouraged more action towards addressing the issue.
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ExtremismKilling of mother in Saudi Arabia sparks debate about Islamic scholar
Driven by radical beliefs, twin brothers allegedly killed their mother in Saudi Arabia after she tried to stop them from joining Islamic State in Syria in a case that outraged Saudi Arabians worried about rising Islamic militancy.
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Real EstateSaudi Arabia boosts real estate transparency ratings
Strong advances over the past two years have seen Saudi Arabia (63rd) and Egypt (65th) move into the dynamic ‘Semi-Transparent’ group, which is largely dominated by large emerging markets, including the BRIC countries (Brazil, Russia, India and China) and all four of the fast-growing MIST economies (Mexico, Indonesia, South Korea and Turkey).
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Saudi-IranIran’s President Urges Transparency in Saudi Embassy Trial
The Iranian president on Tuesday called for "transparency" in the upcoming trial of 48 suspects who stormed Saudi diplomatic missions in Iran in January, an attack that prompted the kingdom to cut ties with Tehran and left relations between the regional powers badly frayed.
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