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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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Saudi Arabia Invites China’s President Xi to Visit Kingdom
- March 15,2022
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- SUSTG Team
Saudi Arabia has invited Chinese President Xi Jinping to visit Riyadh as the Kingdom, people familiar with the plan told the Wall Street Journal. The visit could be President Xi’s first international trip since the beginning of the Covid-19 pandemic began.
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Saudi Aramco Joint Venture to Build Refinery and Petrochemical Complex in China; Delivery Date in 2024
- March 14,2022
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- SUSTG Team
Saudi Aramco and its joint venture (JV) partners will develop a refinery and petrochemical complex in China to be delivered in 2024, according to a report in the industry publication Offshore Technology.
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MUST-READS
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Egypt starts $1.8 billion gas exploration wells program – minister
Egypt has begun a $1.8 billion programme to drill natural gas exploration wells in the Mediterranean Sea and Nile Delta, petroleum minister Tarek El Molla told UAE state news agency WAM on Tuesday.
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Red Sea Global partners with Saudi Airlines Catering Company to bring essential hospitality services
With the partnership in place, SACC will design, build and operate a Central Production Unit (CPU) for catering services for employee meals, as well as laundry services for The Red Sea destination including employee uniforms and hotel linen.
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Blinken speaks to Saudi counterpart following attack near US consulate in Jeddah
"The Secretary expressed appreciation for Saudi Arabia's support during the recent shooting incident outside the US Consulate General in Jeddah and its continued support for our diplomatic missions," State Department spokesperson Matthew Miller said in a statement.
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Here Are 4 Notable MENA Tourism Startups
MENA startups attracted $1.1 billion in funding in Q1 2023, according to Wamda, with the travel-tech sector accounting for $9 million. Here are four regional travel startups revitalizing the market.
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Chelsea confirm Edouard Mendy departure as he seals to move to Saudi Arabian side Al Ahli
His former Chelsea teammates Kalidou Koulibaly and N'Golo Kante have also sealed moves to Saudi Arabia - Senegal teammate Koulibaly joining Al Hilal, while Kante is with Saudi Pro League champions Al Ittihad.
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Lucid CEO says Aston Martin EV tech deal is just the beginning
Lucid will pursue more deals to sell its luxury electric vehicle (EV) equipment as it looks to grow its technology supply business, its top executive said on Wednesday, adding its recent deal with Aston Martin is just the start. The U.S. EV firm will provide Aston (AML.L) with technology including a rear drive unit with twin motors, battery modules and software for integrating systems under the agreement with the British luxury carmaker announced on Monday.
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Libya’s ongoing debate over the role of political parties
Over the past nine years, Libya’s parties have operated as shadow players in the country’s fractious politics. During the 2014-20 civil conflict, there were frequent calls to ban political parties outright as polarization deepened and people sought scapegoats for the country’s derailed transition. Libya’s political landscape now looks very different. Several of the main formations that emerged in 2012 have since either been riven by infighting or have faded away. Most notably, the two dominant groups in that year’s election — the Brotherhood-affiliated Justice and Construction Party (JCP) and its main rival, the National Forces Alliance (NFA) — have experienced splits. Those new to the scene include parties associated with the so-called “Greens,” or former regime figures and sympathizers, plus more tribal or regionally oriented parties.
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Pilgrims start ascending plains of Arafat, marking climax of Hajj
Chanting “Labbaik Allahumma Labbaik (O God, here I am answering Your call)...,” around two million pilgrims started proceeding on Tuesday morning to Namirah Mosque as well as to their designated tents in Arafat, about 15 km east of Makkah, after spending a night of meditation and supplication in the Tent City of Mina.
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Pilgrims start ascending plains of Arafat, marking climax of Hajj
Chanting “Labbaik Allahumma Labbaik (O God, here I am answering Your call)...,” around two million pilgrims started proceeding on Tuesday morning to Namirah Mosque as well as to their designated tents in Arafat, about 15 km east of Makkah, after spending a night of meditation and supplication in the Tent City of Mina.
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Chart: China Still Favored Over U.S. In MENA, But Losing Ground
According to the survey, the share of people saying they wanted stronger economic relations with China has dropped in many of the countries since the same question was asked in 2018-19. Jordanians and Palestinians are now 20 percentage points less likely to want stronger economic ties with China than before, while Sudan saw a 14 percentage point decrease and Libya and Morocco a 13 percentage point decrease. In terms of the U.S. there has not been as widespread a decline since 2018-19. Only the Palestinian territories (-10 p.p.) and Jordan (-9 p.p.) have seen major declines while Sudan (-2 p.p.) and Morocco (-1 p.p.) saw smaller drops and Iraq (+11 p.p.), Tunisia (+9 p.p.) and Libya (+6 p.p.) saw increases.
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