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Saudi Arabia’s June Non-Oil Exports Rise by 41%; Oil Exports Rise 123% to Over $16 billion
- August 24,2021
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- SUSTG Team
The value of Saudi Arabia’s non-oil exports, a key indicator for the Kingdom’s ongoing effort to diversify its economy, soared 41% in the month of June, according to reports citing official data released by the government on Tuesday.
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IATA Lauds Saudi Embrace of Travel Pass for Covid Vaccination Clearance
- August 19,2021
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- SUSTG Team
The International Air Transport Association (IATA) said in a press release that it welcomed the decision of the General Authority of Civil Aviation (GACA) of the Kingdom of Saudi Arabia to accept IATA Travel Pass to confirm pre-departure COVID-19 test results for departing and arriving passengers starting 30th of September 2021.
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Saudi Issues Record Number of Foreign Investor Licenses in a Single Quarter, MISA Says
- August 11,2021
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- SUSTG Team
Saudi Arabia’s Ministry of Investment (MISA) reported issuing 478 new licenses in the first quarter of 2021, “the most number in a single quarter since records began in 2005” and a 36% increase from the same quarter last year, according to reports.
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Daily New COVID-19 Cases in Saudi Arabia Fall Below 1,000 for First Time in Two Months
- August 6,2021
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- SUSTG Team
Daily new COVID-19 cases in Saudi Arabia fell below the 1,000-mark on Thursday for the first time since June 6, according to official figures, with 986 individuals infected over the past 24 hours.
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Saudi Mortgage Lending Surges 27% in First Half of 2021 — SAMA Data
- August 3,2021
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- SUSTG Team
Residential mortgage financing in Saudi Arabia has soared in 2021, increasing 27% so far this year despite a slowdown in the 2nd quarter, according to recent data released by the Saudi Arabian Monetary Authority (SAMA) and reported by Zawya.
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Saudi Arabia Steps Up Pressure on Residents to Vaccinate with New Restrictions on Public Spaces
- July 21,2021
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- SUSTG Team
Saudi Arabia is stepping up pressure on its citizens and residents to receive both doses of a COVID-19 vaccine with a new announcement confirming that most public spaces, malls, and other areas will be open to only those who are vaccinated, according to Arab News.
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Saudi Arabia Vaccination Drive Accelerates as Toll Passes 8,000 in Kingdom, Deadline Looms
- July 15,2021
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- SUSTG Team
Saudi Arabia’s daily Coronavirus vaccination rates passed 400,000 as the government continued to emphasize the importance of the jab ahead of a key deadline in which citizens and residents will need to prove they have received the vaccine to take part in many normal daily activities.
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Saudi Prince Khaled bin Salman Visits Washington, Meets with Top Biden Officials; U.S., Saudi Speak on Oil
- July 7,2021
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- SUSTG Team
Saudi Arabia’s deputy defense minister and former ambassador to the United States Prince Khaled bin Salman on Tuesday became the highest-ranking Saudi envoy to visit Washington since Joe Biden became president in January, Reuters reports. The prince represented the Kingdom in talks with senior Biden officials on the Yemen war and threats from Iran. Prince Khaled met […]
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Saudi Arabia to Invest Over $133 Billion in Transportation Sector as Details of New Plan Emerge
- July 6,2021
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- SUSTG Team
New details are emerging regarding Saudi Arabia’s new plans to turbocharge growth in the Kingdom’s transportation sector and place it in more direct competition with the UAE as a hub connecting east and west, according to comments from the Kingdom’s transportation minister this week. Saudi Arabia will invest over 500 billion riyals ($133.34 billion) in airports, […]
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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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MUST-READS
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Saudi-TurkeySaudi Team Arrives in Turkey for Khashoggi Investigation: Sources
A delegation from Saudi Arabia has arrived in Turkey as part of a joint investigation into the disappearance of prominent Saudi journalist Jamal Khashoggi, two Turkish sources said on Friday.
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U.S.-TurkeyU.S. ‘hopeful’ on pastor’s release, unaware of a deal with Turkey
The Trump administration is hopeful that American pastor Andrew Brunson who is on trial in Turkey could be freed at a Friday court hearing, but the State Department said it was unaware of any deal with the Turkish government for his release.
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TurkeyTurkey’s inflation rate surges to almost 25%
Turkey’s finance minister has blamed “opportunism and stockpiling” for a soaring rate of inflation that reached almost 25 per cent in September in the wake of a currency crisis that fuelled a price boom.
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TurkeyTurkey seeks help from McKinsey despite Erdogan’s ‘economic war’ with U.S.
Finance Minister Berat Albayrak — who is also Erdogan’s son-in-law — has commissioned New York-based global management consultancy McKinsey for advice on a three-year turnaround program to beat soaring inflation and a currency crisis.
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TurkeyTurkey′s Erdogan hopes to ′turn over new page′ with Germany in state visit
After years of strained ties, Erdogan has said he wants to reset relations with Berlin during a pomp and circumstance-filled visit to Germany. But German and Turkish politicians aren't convinced it will lead to a change.
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TurkeyTurkey’s Erdogan says court will decide fate of detained U.S. pastor | Reuters
Turkish President Tayyip Erdogan said a Turkish court, not politicians, will decide the fate of an American pastor whose detention on terrorism charges has hit relations between Ankara and Washington.
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EgyptTurkey’s Economic Woes Raise Tensions in Egypt
Turkey’s economic crisis has heightened concerns in Egypt about whether the Arab world’s largest country—which is wrestling with some of its worst economic woes in years—is positioned to withstand falling confidence in emerging markets world-wide.
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CareemCareem Leaves Turkey Luxury Market to Uber Amid Merger Talks
Ride-sharing firms like Uber and Careem have faced a government crackdown and a barrage of fines as they attempt to take on the more than 18,000 local yellow cabs by offering a premium service in higher-quality minivans.
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SyriaSyria’s government and opposition welcome Idlib demilitarized zone deal struck by Turkey and Russia
The Turkey-Russia deal reached a day earlier was welcomed by the Syrian opposition and rebels, saying it improved their standing after consecutive defeats elsewhere in the country to government forces following military offensives and tight sieges leading to surrender deals.
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SyriaRussia and Turkey to create buffer zone in Idlib
Russia and Turkey have agreed to create a demilitarised buffer zone in Syria's Idlib province to separate government forces from rebel fighters based there.
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