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Recovering Saudi Economy Sees Unemployment Among Saudi Nationals Lowest Since 2009
- March 30,2022
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- SUSTG Team
Saudi Arabia’s booming economy is translating to a strong job market in the Kingdom both for expats and citizens alike, according to a report in Bloomberg, which cited latest data from the kingdom’s General Authority for Statistics.
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Global Entrepreneurship Congress in Riyadh Attracts $600m in Investment Announcements
- March 29,2022
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- SUSTG Team
The Global Entrepreneurship Congress, a conference gathering investors, policymakers and community leaders from around the world to focus on the startup space, is underway in Riyadh with big announced investments into the important sector for the Kingdom’s diversification goals.
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Verstappen Edges Leclerc by Half a Second in Wild F1 Weekend in Jeddah
- March 28,2022
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- SUSTG Team
Max Verstappen edged out Charles Leclerc by half a second in a thrilling finish to a wild weekend which saw Saudi Arabia’s second-ever F1 race in Jeddah take place two days after a missile attack by Iran-backed Houthis hit a civilian facility a few miles from the race track.
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The major transformation and overhaul of Saudi Arabia’s military with defense expert Bilal Saab and much more – The 966 Episode 32
- March 25,2022
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- SUSTG Team
Episode 32 of The 966 – the hosts welcome defense and security expert Bilal Saab to discuss the little-known but historically significant transformations underway in Saudi Arabia’s military and security institutions. The hosts also talk about the personal status law that will make a major real-life change for women and families in the Kingdom, a […]
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Saudi Arabia Seeks to Launch Middle East’s First Carbon Exchange with Aramco, ACWA
- March 23,2022
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- SUSTG Team
Saudi Aramco and ACWA Power may be the first of a total of five companies to join a new carbon exchange set up by the Kingdom’s Public Investment Fund (PIF), according to Bloomberg.
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Saudi Aramco to Invest Doubled Profits, with a Focus on Upstream
- March 22,2022
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- SUSTG Team
Saudi Aramco said its 2021 net profit more than doubled to $110 billion, in what amounts to a significant boost to the Kingdom’s economy as it seeks to continue ahead with Vision 2030 economic and social reforms.
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Biden White House Supplies Saudi Arabia with ‘Urgent’ Patriot Missile Request, Condemns Houthi Attacks
- March 21,2022
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- SUSTG Team
The Biden administration has transferred a “significant number of Patriot antimissile interceptors to Saudi Arabia within the past month,” the Wall Street Journal reports, fulfilling an “urgent request for a resupply” by Saudi Arabia.
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Mae Al-Mozaini, CEO and co-founder of Nusf, joins The 966 to talk about women’s empowerment in Saudi Arabia
- March 18,2022
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- SUSTG Team
Mae Al-Mozaini, Founder and CEO of the Arab Institute for Women’s Empowerment (Nusf) and former Aramco executive talks with The 966 about her experiences growing up in Saudi Arabia, working with Aramco, and the positive impact Nusf is having by empowering future female Saudi leaders.
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Foxconn Eyes Potential $9 Billion Saudi Facility at Neom; Green Hydrogen Moves Forward
- March 17,2022
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- SUSTG Team
Foxconn, the world’s largest contract assembler of consumer electronics, is in talks with Saudi officials about the prospect of opening a $9 billion factory in NEOM, according to a report in the Wall Street Journal.
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Analysts Question Reported Saudi Interest in Pricing Some Oil in Yuan
- March 16,2022
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- SUSTG Team
The Wall Street Journal reports that Saudi Arabia is in active talks with China to price some of its oil sales to China in yuan instead of the dollar, in what would be a “profound shift” for Saudi Arabia to price even some of its roughly 6.2 million barrels of day of crude exports in anything […]
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MUST-READS
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Saudi, South Korea partner to construct modular homes in Kingdom
Saudi Arabia’s Public Investment Fund (PIF) announced in a tweet that it has signed a memorandum of understanding (MoU) with South Korea’s Samsung C&T Corporation Engineering & Construction Group. As part of the deal, Samsung C&T will be building modular homes in Saudi Arabia in a joint investment with PIF. These residential units will either come up in the Saudi futuristic city Neom or in Riyadh, reported The Korea Economic Daily, citing a senior Korean minister.
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Mastercard expands partnership for building Saudi esports infrastructure
According to a Gulf Business report, the Purchase-headquartered company and the Saudi entities will collaborate on developing financial products and offerings aimed at the gamers market. This will include new offerings powered by Web3 technology designed to provide exclusive benefits and immersive experiences in both the physical and digital worlds.
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Formula E extends Tarshid partnership for Saudi Arabia ePrix
This contract extension follows the news that lifestyle brand Core has agreed a deal to become title sponsor of the double-header event in Riyadh. Having two Saudi-owned firms onboard for the Riyadh race highlights the different ways to the Gulf state is able to back events on its home turf.
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Tony Douglas Departs Saudi Arabia’s RIA After Two Months
Former Etihad CEO Tony Douglas has reportedly left Saudi Arabia’s RIA airline startup after only two months. We don’t know any details beyond that, though this is quite a significant development, especially given the quick timeline with which the airline is hoping to launch operations.
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Festival celebrating folk and mountain performance arts returns in Saudi Arabia
The second edition of the Qemam International Festival for Mountain Performance Arts is under way in Abha, Saudi Arabia. The festival is taking place in eight villages in the south-west region of Asir, around the cities of Abha and Khamis Mushait, and runs until Friday. Celebrations began with a carnival parade on Art Street and a concert by Lebanese singer Najwa Karam at King Khalid University.
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Davos 2023: Saudi-US partnership is crucial for global security, says Saudi envoy
"Yes there was a moment of conflict and disagreement, but that doesn't take away from the fact that we are both strategic allies and we are friends, and this relationship is critical for the world," envoy Princess Reema bint Bandar Al Saud said at a panel at the World Economic Forum in Davos.
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Saudi Ports Authority partners with Marasi to establish Seafarers Club
The Saudi Ports Authority, also known as Mawani, has signed a deal with Marasi Marine Services Co. to establish Seafarers Club at Jeddah Islamic Port, King Abdulaziz Port in Dammam and Ras Tanura Port. According to a Saudi Press Agency report, the Seafarers Club will be established to provide housing and entertainment services to local and international ship crews and international shipping lines. This will improve port facilities in the Kingdom, in line with the goals outlined in Vision 2030.
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Saudi Culinary Arts Commission begins search for country’s most important dishes
The Saudi Culinary Arts Commission has announced the ‘National & Regional Dishes Narratives’ initiative – a national initiative which seeks to identify and celebrate local dishes in Saudi culture across various regions in the Kingdom. In addition to identifying a national dish, the initiative will also include a study of the dishes that best represent each region of the kingdom to be selected and announced later this year. As part of the announcement, the commission has chosen ‘Jareesh’ as the national dish of the Kingdom of Saudi Arabia, and ‘Maqshush’ as the Saudi national dessert.
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The Social Dialogue Forum: Bringing together the Saudi labor market’s related parties
The Social Dialogue Forum shed light on the opportunities and challenges found in the labor market, through (3) main topics which included "The Impact of Training and Qualification Programs in Developing the Skills of National Cadres", "Business Models and Their Role in Developing the Work Environment", and "Protecting Wages and Documenting Contracts". (6) important initiatives fall under these topics, characterized by a specific mechanism for their implementation under the umbrella of concerted national efforts.
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Saudi Arabia issues mandate to display works by kingdom’s artists in hotels
"It is very exciting as the Saudi art world has been making great strides locally and internationally. Like any other society, artists need stronger markets to support and encourage their art. "This decision also goes hand in hand with Vision 2030 as it supports diversifying the economy and increasing local content. "Hotels are one of the first stops that any tourist makes and for them to be showcasing Saudi art shows pride in local culture and enriches tourists' journey and understanding of our culture."
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