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Saudi-led OPEC+ Group Sticks to Oil Output Policy, Delaying Debate before Biden’s Visit to Kingdom
- June 30,2022
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- SUSTG Team
The Saudi-led OPEC+ group of oil producers, which includes Russia, said on Thursday it would stick to its planned oil output hikes in August, pushing off a debate on policy from September onwards as prices have risen on tight global supplies and worries that the group has little ability to pump more crude, Reuters reports.
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Foreign Direct Investment into Saudi Arabia Jumps 9.5%, Saudi Arabia’s Ministry of Investment Says
- June 29,2022
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- SUSTG Team
Saudi Arabia recorded 9.5% increase year on year in foreign direct investment (FDI) flows during the first three months of 2022, Saudi Arabia’s Ministry of Investment (MISA) said on Twitter on Tuesday.
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United Nations Recognizes Saudi Arabia’s Tawakkalna App with Public Service Award for 2022
- June 28,2022
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- SUSTG Team
Saudi Arabia’s game-changing Tawakkalna app has been awarded the United Nations Public Service Award 2022 for institutional resilience and innovative responses to the COVID-19 pandemic, Arab News and the Saudi Press Agency reported. The award was given to Dr. Abdullah bin Sharaf Alghamdi, President of the Saudi Data and AI Authority (SDAIA), at an annual forum that recognizes distinguished […]
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Saudi Stock Exchange Tadawul Plans to Launch Single Stock Futures on July 4
- June 27,2022
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- SUSTG Team
Saudi Arabia’s stock exchange, the Tadawul, said it plans to launch single stock futures on July 4, “which will enable local and international investors to hedge and manage portfolio risks more effectively,” Reuters reports.
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Leading Saudi architect and urban designer Dhay Aldhawyan joins The 966, MBS visits regional powers, and much more…
- June 24,2022
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- SUSTG Team
In episode 49, The 966 welcomes Dhay Aldhawyan, a leading architect and urban planner based in Riyadh who is Head of the Center for Development of Urban Design and Planning of Saudi cities, to discuss her journey and some of the big projects and developments happening now across Saudi Arabia. The 966 hosts also discuss […]
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IMF Sees 7.6% GDP Growth for Saudi Arabia in 2022; Highlights Solid Indicators
- June 23,2022
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- SUSTG Team
The International Monetary Fund (IMF) has highlighted solid indicators for the Saudi economy, expecting a 7.6 percent overall GDP growth in 2022, according to a report. Non-oil growth will increase to 4.2 percent in 2022, with the current account surplus increasing to 17.4 percent of GDP in 2022.
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Saudi Crown Prince Mohammed bin Salman Heads to Turkey after Visiting Jordan, Egypt
- June 22,2022
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- SUSTG Team
Saudi Crown Prince Mohammed bin Salman landed in Turkey for the first time in several years on Wednesday for talks with President Erdogan, after visiting neighboring Egypt and Jordan as part of a regional tour, Reuters reports.
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Saudi Crown Prince Lands in Egypt on Start of Regional Tour
- June 21,2022
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman arrived in Cairo, Egypt on Monday, kicking off his first tour outside the Gulf region in over three years, according to reports.
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Saudi Arabia Invites Proposals for Rabigh 4 Independent Water Project; 8 Pre-Qualified to Bid
- June 20,2022
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- SUSTG Team
Saudi Water Partnership Company (SWPC), the principal off-taker for water and wastewater projects in Saudi Arabia, tendered Request for Proposal (RFP) for its Rabigh 4 Independent Water Plant (IWP) project, according to a report in Zawya. The 600,000 cubic meters per day desalination project is located in Rabigh, 110 miles northwest of Makkah, on the Red Sea […]
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The criticism, drama, and opportunities surrounding President Biden’s confirmed visit to Saudi Arabia, an economic victory lap, and more…
- June 17,2022
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- SUSTG Team
Episode 48 🚀 The 966 hosts talk about a new report from Saudi Arabia’s Investment Ministry that highlights all the gains in the Saudi economy recently, including an impressive start to 2022 GDP with 9.9% growth in Q1. Then the hosts discuss President Biden’s now confirmed visit, and all of the drama surrounding it…then the […]
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MUST-READS
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SyriaTrump administration pushes back against narrative of imminent Syrian military victory in civil war
The government of Bashar al-Assad, lacking manpower, reliant on allies and almost broke, is no longer capable of a military win in Syria’s civil war, U.S. officials said Monday, pushing back against Russian and Syrian assertions that victory is only a matter of time.
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WeatherExtreme cold weather predicted in parts of Saudi Arabia this week
The General Authority for Meteorology and Environment Protection predicted that the Saudi Arabia will be affected by a cold air mass with significant lowtemperatures that would reach below 0° C.
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MENA ConflictCommentary: Instability in the MENA Region, Afghanistan, Pakistan, and Key Conflict States: A Comparative Score Card
It has long been all too clear that the U.S. has gradually built up the military capability to help local powers defeat ISIS in Syria and Iraq without having strategy for dealing with the host of other problems that exist in bringing any kind of lasting stability to the region. We are effectively fighting "failed state wars" in ways that only address half the problem.
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Shake up in SaudiSaudi Arrests, Missiles and Proxy Conflict, All in Just Five Days
Even for an OPEC powerhouse intent on re-inventing itself domestically and flexing its muscles in one of the world’s most turbulent regions, the past week has been remarkable.
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SyriaAssad sets sights on Kurdish areas, risking new Syria conflict
With Islamic State near defeat in Syria, Damascus is setting its sights on territory held by Kurdish-led forces including eastern oil fields, risking a new confrontation that could draw the United States in more deeply and complicate Russian diplomacy.
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PakistanSharif’s Indictment Risks Confidence Gains in Pakistan
Former Pakistani Prime Minister Nawaz Sharif's ouster and subsequent indictment on corruption charges may damage Pakistanis' recently restored faith in their leadership during his tenure. Before Sharif's removal in July, the majority of Pakistanis approved of their country's leadership (55%) and expressed confidence in the national government (56%). This is a turnaround from the low levels recorded before Sharif took office in 2013.
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BahrainBahrain Convicts Activist’s Family Members, Militant Suspects
A Bahrain court sentenced three family members of a prominent activist to jail terms on weapons charges Monday, rights group the Bahrain Institute for Rights and Democracy (BIRD) said and accused authorities of using torture to extract confessions.
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SyriaA trip through horror, confusion and contradictions in Syria
What happens when you hit the road in Syria, headed toward the capital of Islamic State’s self-declared caliphate? A lot, it turns out.
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IraqIraq Claims Victory in ISIS’ Last Urban Stronghold
The Iraqi government said on Thursday that its forces had driven Islamic State fighters from the northern city of Hawija, the militants’ final urban stronghold in Iraq, three years after they seized control of nearly a third of the country.
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Saudi EconomySaudi central bank paints rosy picture of economy
Top Saudi central bank officials painted a highly positive picture of the economy at a rare news conference on Wednesday, saying growth was likely to strengthen and they were not worried by deflation.
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