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Saudi Arabia’s 2018 CO2 Emissions Fall Faster Than Expected
- February 4,2020
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- SUSTG Team
Latest data for the year of 2018 show that emissions in Saudi Arabia have fallen significantly for the first time, down 4.4% or 26 million tons, according to researchers at the King Abdullah Petroleum Studies and Research Center (KAPSARC).
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Flights to Saudi Capital Double as 66-day Riyadh Season Proves a Major Boon to Kingdom’s New Tourism Drive
- January 29,2020
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- SUSTG Team
Flight bookings for travel to Riyadh from October 2019 to January 2020 more than doubled compared to the same period in the previous year, Arabian Business reports, citing data from the Seera Group, a Saudi-based travel and tourism company.
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Israelis Can Now Go to Saudi Arabia For Religious Pilgrimages, Business Visits, Israel Says; Saudi Says ‘Our Policy is Fixed’
- January 27,2020
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- SUSTG Team
UPDATE: Saudi Arabia’a Foreign Minister said Israelis were not welcome to visit the kingdom, CNN reported on Monday. “Our policy is fixed. We do not have relations with the state of Israel and Israeli passport holders cannot visit the kingdom at the current time,” CNN quoted Prince Faisal bin Farhan as saying. [Reuters] —- A new […]
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Kingdom’s Domestic Tourism, Entertainment Push Leads to Declines in Saudis Visiting Dubai
- January 24,2020
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- SUSTG Team
The number of Saudi tourists visiting Dubai in 2019 dropped as Saudi Arabia begins to see major gains in its domestic tourism market and local entertainment offerings.
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Saudi Health Officials, Experienced with MERS-CoV, Take Preventative Measures against New ‘Wuhan’ Coronavirus
- January 23,2020
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- SUSTG Team
Officials in Saudi Arabia are taking precautions to stop the spread of a new coronavirus from China, screening arriving passengers and nurses to prevent a public health threat, according to reports.
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Oil Demand Growth Forecasted to Trend Higher in 2020
- January 21,2020
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- SUSTG Team
Oil demand growth is set to trend higher this year compared with 2019, a recent report from Jadwa Investment finds, citing OPEC forecasts and other global economic factors.
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Report: SABIC, Aramco set to decide on oil to chemicals project in 2Q 2020
- January 17,2020
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- SUSTG Team
Saudi Basic Industries Corp (SABIC) and Saudi Aramco expect to announce in the second quarter whether they’ll proceed with plans to build a facility to process crude oil directly into chemicals, Bloomberg reports.
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The Economic Impact of Saudi Arabia Hosting the G20 Summit
- January 16,2020
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- SUSTG Team
A recent report from Jadwa Investment looks at the economic impact of Saudi Arabia hosting the G20 Summit, noting that while the Riyadh has hosted major summits before, “the G20 summit differs due to the sheer number of different events related to it” with more than 120 workshops, ministerial meetings and specialized seminars scheduled throughout […]
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World Bank’s Women, Business and the Law Report says Saudi Arabia Top Reformer, Improver Among 190 Economies
- January 15,2020
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- SUSTG Team
The Kingdom of Saudi Arabia has realized a remarkable leap in the World Bank’s Women, Business and the Law 2020 report, with a score of 70.6 out of 100 and achieving the honor of being the top improver over the last year, according to reports.
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Using ‘Greenshoe Option’, Saudi Aramco Raises IPO to Record $29.4B; Banks Seek ‘Incentive Fee’
- January 14,2020
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- SUSTG Team
Saudi Aramco sold millions of additional shares of its initial public offering using a so-called “greenshoe option” that has raised the size of its IPO by nearly $4 billion.
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MUST-READS
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Russia, Saudi Step Up Oil Diplomacy Before OPEC+ Committee Meets
Putin and Saudi leaders haven’t talked twice in the same week since April, when Moscow and Riyadh were trying to reach a deal to end a devastating oil price war. U.S. President Donald Trump ultimately brokered a truce between the two, also joining some of the calls.
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Saudi streaming platform faces backlash over Beirut explosion drama
The series is named 6:07 Beirut after the exact time of the 4 August explosion that killed more than 200 people and injured over 6,500 more. According to the Shahid.net website, the series aims to put a spotlight on the “stories of victims as well as survivors” of the Beirut blast.
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Saudi-led coalition intercepts explosive-laden drone launched by Houthis, says state news agency
The Saudi-led coalition said on Sunday that it intercepted and destroyed an explosive-laden drone launched by Yemen’s Houthis towards the kingdom’s Najran city, the state news agency reported. The coalition has reported repeated Houthi drone or missile attack attempts recently.
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How Special Economic ‘Free Zones’ Became the Middle Eastern Diplomacy Tool of Choice
The emirate of Dubai, widely considered the Gulf’s de facto free zone hub, is using its flagship commercial entities to cement ties with Israeli counterparts. In September, DP World—the Dubai-based multinational logistics company—and other government-related entities signed multiple agreements with Israel-based DoverTower Group, a shareholder of the Israel Shipyards port in Haifa and a partner in Eilat Port.
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Rockets land in Erbil hours after Iraqi PM pledges to protect diplomats
Iran-backed militias launched rockets targeting U.S. troops that landed near Erbil airport in the semi-autonomous Kurdistan Region of Iraq, a Kurdish security agency said on Wednesday, hours after Iraq’s premier pledged to protect foreign missions.
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Saudi unemployment spikes as virus-hit economy shrinks by 7% in second-quarter
“No surprises in the pace of decline. Non-oil GDP was going to be hit harder with the lockdowns. Oil contraction instead was partly limited by the marked ramp up in oil output in April,” said Monica Malik, chief economist at Abu Dhabi Commercial Bank.
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Another country will sign a peace deal with Israel in ‘next day or two’: US diplomat
“Our plan is to bring more countries, which we will have more being announced very soon … One [country will sign] in the next day or two,” US Ambassador to the United Nations Kelly Craft told Al Arabiya.
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Analysis: Israel is winning on the world stage, but losing the plot at home
At home it's a different story, however. The second wave of coronavirus infections in Israel long ago eclipsed the first, forcing the country into a second general lockdown that has shuttered schools, restaurants, entertainment venues and more. And while the coronavirus may be the most pressing challenge facing Netanyahu right now, it's far from the only one. The 70-year-old leader is being attacked from both left and the right, not only for his handling of the public health crisis, but also for mismanagement of the economy, his response to his criminal trials, and more.
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Opinion: Controversial Israeli soccer club may be litmus test for UAE soft power ploy
It was not immediately clear whether the offer was to acquire or co-invest in Beitar Jerusalem, notorious for its links to the ruling Likud party and the Israeli far-right as well as racist anti-Arab, anti-Muslim sentiments among an influential segment of its fan base.
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Saudi Arabia arrests five state employees in anti-corruption drive
Saudi Arabia's Crown Prince Mohammed bin Salman renewed his support for the kingdom’s anti-corruption commission, calling its personnel “knights in a battle” after five government employees were arrested for financial wrongdoing. In a letter to the commission, Crown Prince Mohammed thanked every member of the organisation, which is responsible for preserving the public purse and making sure state employees do not use position for personal gain.
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