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Qatar, Saudi National Teams Set to Face Off in Semifinals of Gulf Cup in Doha
- December 3,2019
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- SUSTG Team
Qatar defeated the United Arab Emirates, 4-2, in the quarterfinals of the Gulf Cup being played in Doha, Qatar on Monday. The win advances the host country’s team to a semifinal match against Saudi Arabia on Wednesday. The match between the two teams has extra intrigue as the two nations play each other for the […]
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Saudi Economy: Consistent Growth in Non-Oil Activity, Modest Overall Growth Forecasted for 2020 — Jadwa Investment
- November 27,2019
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- SUSTG Team
Jadwa Investment has revised downward its forecast for economic growth in Saudi Arabia this year from 1.6% to 0.2% based on recent data, the Riyadh-based firm said in a recently-released report.
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Crown Prince Mohammed bin Salman Begins State Visit to UAE Wednesday
- November 25,2019
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed Bin Salman will start a state visit to the UAE on Wednesday, according to Al Arabiya news. During the official visit, the Saudi Crown Prince will meet Sheikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. The two leaders […]
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Saudi Arabia Gears Up to Host G20 Summit; Saudi FM Travels to Japan for Ceremony
- November 22,2019
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- SUSTG Team
Saudi Arabia is making major preparations to host the annual gathering of the leaders of the Group of 20 (G20) nations next year in Riyadh, the 15th meeting of the group that is set to thrust the city into the global spotlight. The meeting will be held on November 21–22, 2020, and will be chaired […]
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U.S. Continues Troop Deployments to Saudi Arabia
- November 21,2019
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- SUSTG Team
The United States is continuing forward with a deployment of 3,000 troops to Saudi Arabia to deter threats from Iran, according to a letter sent by President Trump to the U.S. Congress this week. “United States Armed Forces have been deployed to the Middle East to protect United States interests and enhance force protection in […]
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MODON, GAMI Ink Deal to Promote Investments in Saudi Arabia’s Defense Sector
- November 14,2019
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- SUSTG Team
A new strategic cooperation between the Saudi Authority for Industrial Cities and Technology Zones (MODON) and the General Authority for Military Industries (GAMI) aims to encourage the localization of military industries in the Kingdom, according to the Saudi Press Agency (SPA). The new cooperation “supports the localization of 50 percent of the expenditure in military industries through […]
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Peace Agreements, Reports of Talks a Positive Sign for Yemen’s Ongoing War
- November 13,2019
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- SUSTG Team
Recent agreements and reports of indirect talks between warring sides in Yemen’s ongoing civil war indicate a trend toward bringing an end to the four year old conflict fought to restore the U.N.-recognized Hadi government to power after it was overthrown by Iran-backed Houthi rebels. Last week, Yemen’s Saudi-backed government signed an agreement with southern separatists on […]
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Saudi-based STV Leads $23 Million Funding Round in Trukker
- November 12,2019
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- SUSTG Team
Saudi-based Saudi Technology Ventures (STV) said in a blog post that it is leading a $23 million investment round in Trukker, a truck-focused digital freight marketplace and aggregator based in the UAE. “Today, truck drivers must communicate with brokers via phone calls in order to negotiate pricing of each transaction and discuss capacity and routes,” […]
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Saudi Aramco Releases Details of November 17th IPO in Prospectus
- November 11,2019
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- SUSTG Team
Saudi Aramco on Saturday released details of its IPO that will be the first opportunity for investors to own a piece of the world’s most profitable company and achieve one of the key goals of the Kingdom’s Vision 2030 economic reform plan. The details were released in a prospectus on Saudi Aramco’s website. The company said the […]
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Saudi Arabia’s PIF Reportedly Invests $400m in Disruptive Food Startup Founded by Travis Kalanick
- November 8,2019
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- SUSTG Team
Saudi Arabia’s Public Investment Fund has invested $400 million into Uber founder Travis Kalanick’s new company CloudKitchens, according to the Wall Street Journal. CloudKitchens is a food and real estate startup that buys cheap properties across the U.S. and in India, China, the U.K. and elsewhere. “The hope is that their proximity to densely populated areas will make them […]
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MUST-READS
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Grand Ethiopian Renaissance Dam: A fight over the Nile is a preview of climate change diplomacy
Ethiopia is the source of the Blue Nile, the river’s largest tributary, and the source of 86 percent of the water reaching Egypt after traveling through Sudan. Ethiopia’s government has dreamed of building a dam on the river for decades, but was consistently opposed by Egypt, the most powerful country in the region. In 2011, with Egypt still reeling and distracted from the recent overthrow of President Hosni Mubarak, Ethiopia began work on the GERD, near the border with Sudan, with a budget of $4.8 billion. When fully filled, likely after another four to six years, it will contain up to 74 billion cubic meters of water—the largest hydroelectric plant in Africa.
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After Beirut, an abandoned Yemeni oil tanker is renewing fears of another disastrous explosion
This sounds like the run-up to Beirut’s deadly port explosion this week and Lebanon’s worst disaster in decades. Except that this scenario is unfolding off the western coast of Yemen, threatening to trigger the world’s worst-ever oil spill and untold ecological damage. The destruction and deaths in Beirut have touched off concerns about a similar calamity happening in Yemen, with potentially devastating consequences for the Arab world’s poorest country, which is enmeshed in a civil war and a severe humanitarian crisis.
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Beirut explosion: protests outside parliament call for fall of government
At least 43 MPs would need to resign for the government to fall. So far nine have done so, and there are indications that many more will follow in the coming week, further loosening the already fragile government’s grip on power.
- WSJ (Paywall) - Lebanon in Crisis Amid Ministerial Resignations, Protests Over Beirut Explosion
- VOA - World Powers Pledge Nearly $300 Million in Lebanon Aid in Wake of Beirut Blast
- The National - Beirut explosion: Legendary Palestinian banker envisaged silos that shielded his adopted city from more destruction
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Employees back to work in Saudi Arabia as Eid holiday ends
“We return to our work and serving our nation upholding the motto ‘I wear my face mask, I won’t shake hands; and I keep enough distancing,” the minister tweeted early Sunday. “My safety and that of those around me is my responsibility,” he added.
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Beirut explosion: Anti-government protests break out in city
This port was Lebanon's lifeline to the whole world. Something like 80% of the country's grain came through here. The grain silos, which were built way back when, are teetering. Just beyond there I can see a ship listing heavily. I've lived in Beirut for five years and it's almost unrecognisable - it's a city of sirens, of empty buildings, of empty streets.
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Beirut explosion: Angry residents demand answers after blast
The historical eastern neighbourhood of Gemmayze, known for its vibrant nightlife, is blanketed with broken glass. Windows, doors and in many places the rubble of historic buildings lay strewn around. It is simply beyond comprehension.
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Beirut explosion: Frantic search for survivors of deadly blast
President Michel Aoun said the blast was caused by 2,750 tonnes of ammonium nitrate stored unsafely in a warehouse. Ammonium nitrate is used as a fertiliser in agriculture and as an explosive. President Aoun declared three days of mourning which started on Wednesday. Opening an emergency cabinet meeting, he said: "No words can describe the horror that has hit Beirut last night, turning it into a disaster-stricken city".
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Saudi Arabia, Gulf countries express solidarity with Lebanon over Beirut explosion
Saudi Arabia said it was “following with great concern the repercussions of the explosion that occurred” in Lebanon after two massive explosions in Beirut’s port on Tuesday. The two blasts killed dozens of people, with the death toll expected to rise, and injured thousands. The blast was felt across the city and damaged several buildings and roads.
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Opinion: US troop redeployment renews debate about reliability
The redeployment will take time to carry out and may not be completed before the US presidential election in November. The post-election calculus may be different, regardless of who wins, and the matter may be reconsidered. However, some would argue that the damage to US reliability is already done, even if the decision is reversed in the future.
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UAE Taps Space Diplomacy for Earthly Benefits
The global space industry is currently valued at about US$350 billion and expected to inch towards US$1 trillion by 2040, with private sector involvement. Further, with a market value of US$30 billion, about 6,000 small satellites may be launched globally by 2030. To tap this investment, research and collaboration potential, the UAE passed a federal law on regulation of the space sector in 2018.
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