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Saudi Arabia Begins Construction on Lucid Motors Plant; Three to be Built in Kingdom
- May 26,2022
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- SUSTG Team
Workers have already broken ground on the future site of a Lucid motors plant in Saudi Arabia, Khalid al-Falih said during a panel at the World Economic Forum meeting in Davos this week.
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Saudi Crown Prince, Ambassador Reema meet with U.S. Congress Members in Saudi Arabia; Biden Officials in Kingdom to Plan Potential Visit
- May 25,2022
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman and Saudi Ambassador to the United States Princess Reema bint Bandar Al-Saud met with a delegation of visiting US Congress members on Tuesday in Saudi Arabia.
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Report: Kingdom to Use Some Oil Windfall on Boosting Private Sector
- May 23,2022
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- SUSTG Team
Saudi Arabia’s minister of economy and planning Faisal Alibrahim said the Kingdom will use this year’s oil windfall to accelerate the economy’s diversification from fossil fuels, Bloomberg reports.
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MBZ takes the reins in the UAE, the PIF’s Saudi Coffee Co., and much more…
- May 20,2022
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- SUSTG Team
Episode 44 📈 The hosts talk about the UAE’s long-time de facto ruler Sheikh Mohamed bin Zayed Al Nahyan, who was elected as president of the UAE a day after the death of former leader Sheikh Khalifa. They also discuss Saudi Arabia’s Public Investment Fund’s (PIF) new venture into the nascent coffee sector in caffeine-thirsty […]
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Number of Women with Jobs in Saudi Arabia has ‘Nearly Doubled in the Last Five Years’
- May 19,2022
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- SUSTG Team
The number of women with jobs in Saudi Arabia “has nearly doubled in the last five years and now stands at over 35 per cent of the workforce,” a top official in Saudi Arabia said this week, according to comments reported by The National.
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Total Saudi Government Revenue in Q1 2022 Up 36%, with Oil Revenue Up 58% – Jadwa Investment
- May 18,2022
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- SUSTG Team
Jadwa Investment’s recently-released report on the Saudi economy highlights the strong economic situation the Kingdom is in through the start of 2022, as higher oil prices and a growing non-oil sector continue to power growth in the Arab world’s largest economy.
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High Oil Prices, Soaring Output Boost Aramco’s Profit to Nearly $40 Billion in 1Q
- May 16,2022
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- SUSTG Team
Saudi Aramco’s profit soared to nearly $40 billion in the first quarter of 2022, the highest since the company’s IPO, on the back of higher oil prices and increased output.
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Saudi Arabia’s tourism sector, carbon capture investments, and a conversation on Saudi-Iraqi history with Joshua Yaphe
- May 13,2022
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- SUSTG Team
In episode 43, the U.S. State Department’s Joshua Yaphe joins The 966 to discuss his book, “Saudi Arabia and Iraq as Friends and Enemies: Borders, Tribes and a Shared History.” Yaphe is a foreign affairs officer with the U.S. Department of State; responsible for research and analysis of political, economic, security and social affairs related […]
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With Energy Prices High, Saudi Aramco Again Becomes World’s Most Valuable Company
- May 12,2022
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- SUSTG Team
Elevated energy prices as a result of growing demand and supply shortages in the post-pandemic global economy boosted the value of Saudi Aramco to become the world’s most valuable company, according to reports.
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Kingdom Re-Launches Airports Privatization Strategy, Eyes 2023 Opening for Major Red Sea Tourism Project
- May 11,2022
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- SUSTG Team
Saudi Arabia is relaunching its strategy to privatize its airports in order to secure investment as it seeks to triple annual visitor numbers by 2030.
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MUST-READS
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TechnologySaudi Arabia-based Riyad Bank Invests $26.7 Million into its Newly-Launched Fintech Startup Investment Program
Saudi Arabia-based Riyad Bank, one of the largest financial institutions in the Middle Eastern Kingdom, has decided to invest SAR 100 million (appr. $26.7 million) into its newly-launched Fintech startup investment program.
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U.S.-Saudi SecurityCountry Reports on Terrorism 2018: United States Department of State – Saudi Arabia
Saudi Arabia continued to maintain a strong counterterrorism relationship with the United States and responded to terrorist threats from violent militant groups, ISIS sympathizers, al-Qa’ida in the Arabian Peninsula (AQAP), and Iran-backed Houthi militants based in Yemen.
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TransportationVirgin Hyperloop One and Saudi Arabia’s KAUST Partner to Spur Country’s Technology and Transport Development
Virgin Hyperloop One (VHO), the world's leading hyperloop company, has announced the signing of a Memorandum of Understanding with the Kingdom's renowned King Abdullah University of Science and Technology (KAUST). Signed at this year's Future Investment Initiative, one of the most significant investment conferences globally, the California-based hyperloop company and the Kingdom's leading private research institution have committed to working together on fostering the exchange of scientific and technological knowledge to further support the development of the country's technology and transportation sector.
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Opinion SurveyIn 6 charts, see what Americans really think about US policy toward Syria, Iran, and Afghanistan
Fewer than one-quarter of respondents, 22% (including 31% of Republicans), point to the nature of the Iranian regime as the main factor behind escalation in the Gulf, and only 5% blame the Yemen war. A majority, including a majority of Republicans, blame actions by the Trump administration
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U.S.-TurkeySenators Introduce Bipartisan Bill Aimed at Muting Turkey’s Attacks in Syria
The bill proposed by Sens. Lindsey Graham (R-S.C.) and Chris Van Hollen (D-Md.) specifically singles out Turkish leaders – from the president down to a host of ministers, including defense and foreign affairs – for penalties; cuts off assistance and supplies, including ammunition, to its land, sea and air services despite Ankara being a member of NATO; and slaps sanctions on anyone from outside Turkey doing business with its energy sector.
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Al-UlaFrance and Saudi Arabia announce major new partnership for Al Ula development
The project will take place in three phases, with the first being completed in 2023 at a projected cost of between $3 billion and $4bn (Dh11bn and 14.7bn).
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Weapons SalesHere’s how many foreign military sales the US State Department OK’d in FY19
The U.S. State Department cleared $67.9 billion in weapons in fiscal 2019, in an indication that America’s position in the global arms trade remains strong. The number, spread across 64 individual procurement requests from 28 different countries and a NATO consortium, represents the second year in a row that the overall value of foreign military sales requests have slightly declined. But the total still represents almost double the total cleared by the State Department in fiscal year 2016.
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YemenSaudi Arabia Agrees to Partial Cease-Fire in War-Shattered Yemen
Saudi Arabia has moved to impose a partial cease-fire in Yemen, say people familiar with the plans, as Riyadh and the Houthi militants the kingdom is fighting try to bring an end to the four-year war that has become a front line in the broader regional clash with Iran.
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Art and Culture‘We Have Our Own Individual Voices’: Saudi Artists Debate Their Place in the Kingdom as the West Becomes Wary of Its Politics
One anonymous American curator working for a US organization in the Middle East said that while she was interested in the country’s art scene, she felt looking into it would be frowned upon by her institution. “It’s not the right time,” she tells artnet News. But those inside the country urge interested parties to distinguish between Saudi artists and the Saudi state.
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JASTAJustice Department considering releasing name in Saudi Arabia 9/11 lawsuit
Attorney General William Barr faced a Friday deadline to decide whether the Justice Department would release the name, which was redacted from a 2012 FBI document that described how men in Southern California assisted two terrorist hijackers ahead of the attack, the Associated Press reported.
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