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Saudi Arabia Celebrates 90th National Day
- September 23,2020
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- SUSTG Team
Saudis around the world are celebrating Saudi Arabia’s 90th National day today, the Kingdom’s top national holiday dedicated to the history of the Kingdom as a unified state.
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King Salman Issues Rare Royal Decree Firing Tourism Officials over Corruption Allegations – SPA
- August 21,2020
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- SUSTG Team
Saudi Arabia’s King Salman has issued a rare royal decree firing a number of officials for legal violations and alleged corruption at tourism projects, including the Red Sea Project and Al-Ula, state news agency SPA reported.
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Saudi Arabia’s King Salman Arrives in NEOM for Vacation, Recovery Period
- August 13,2020
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- SUSTG Team
Saudi Arabia’s King Salman bin Abdulaziz traveled to NEOM in the Kingdom’s northwest on Wednesday for a period of rest and relaxation, according to state news agency SPA and Reuters.
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Saudi Arabia’s Schools, Universities Eye August 30th for Restart of Educational Programs
- August 6,2020
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- SUSTG Team
Saudi Arabia is beginning to plan to reopen its schools and universities with a target date of August 30th, according to reports. The Kingdom closed schools and universities on March 9 after the Coronavirus pandemic was detected in Saudi Arabia and countries worldwide began to shutter to stop the spread of the deadly disease.
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Report: Saudi Arabia’s Government Revenue in 2Q 2020 Down by 49% Year-on-Year, but Diversification Push Continues Apace
- July 28,2020
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- SUSTG Team
The twin crises of the Coronavirus and Saudi-led efforts to stabilize the price of oil in the second quarter of this year lead to a sharp decline in the Kingdom’s government revenues, Bloomberg reports. Saudi Arabia’s government revenue dropped by 49% in the second quarter from the same period last year, according to Bloomberg, as the […]
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For Global Oil Demand, ‘The Worst Seems to be Over’
- July 21,2020
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- SUSTG Team
According to latest OPEC forecasts, “the worst seems to be over with respect to global oil demand” as expectations of a rebound for the second half of this year and a positive forecast for 2021 brighten outlooks, a recent report from Riyadh-based Jadwa Investment says.
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U.S. Corporation Air Products and Chemicals, NEOM, and ACWA Power Sign Accord for $5b Renewable Energy-Powered Ammonia Plant
- July 8,2020
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- SUSTG Team
U.S. corporation Air Products and Chemicals signed an accord with Saudi-based ACWA Power International and the kingdom’s planned futuristic city of NEOM to develop a $5 billion hydrogen-based ammonia plant powered by renewable energy, according to reports.
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KAUST Studies How Saudi Arabia’s Red Sea’s Coral Reefs Help Protect the Kingdom’s Coastline
- July 2,2020
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- SUSTG Team
Modeling done by Saudi Arabia’s King Abdullah University for Science and Technology (KAUST) reveals the important role of offshore reefs in the Red Sea in protecting the Kingdom’s coastal zones and highlights the need to conserve the region’s coral reefs.
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Easing of Lockdown in Saudi Arabia Beginning to Show in Economic Data, Jadwa Report says
- July 1,2020
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- SUSTG Team
The partial easing of lockdown restrictions in May was reflected in some economic indicators during the month, Jadwa Investment reports in its latest economic chartbook for that month.
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For the First Time Since January, Kingdom’s Net Foreign Assets Rise
- June 29,2020
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- SUSTG Team
Saudi Arabia’s net foreign assets rose in May for the firs time since January, Bloomberg reports, a reversal of three months of declines.
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MUST-READS
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SMEsFour in 10 Startups in Saudi Arabia Are Owned by Women
“This proves that the role of women in economic development has improved,” said the Governor of the General Authority for Small and Medium Enterprises (SMEs) in Saudi Arabia, Ghassan Al-Sulaiman.
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Driving Ban LiftedAllowing women to drive is expected to boost Saudi Arabia’s economy
That it was a victory for women’s rights in Saudi Arabia is a given. But it was also another step in the plan, named “Vision 2030” by its architects, to lessen the country’s dependence on oil, keep more of its money within its borders and galvanize its people into joining the workforce.
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Driving Ban LiftedSaudi women to be allowed to drive from age 18, same as men
Saudi women will be allowed to drive from the age of 18, a government spokesman said on Thursday, partially allaying speculation they could still face tighter controls than men when finally allowed behind the wheel.
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Driving Ban LiftedSaudi women driving: The effect on the country’s economy could be big
For decades, the restrictions on women driving in Saudi Arabia produced an awkward sub-economy dedicated to men driving women around. Richer Saudi families generally hired full-time drivers, often migrant workers. More recently, ride-hailing apps, such as Uber (now partly owned by the Saudi state’s Public Investment Fund) and the Dubai-based Careem, began to offer cheaper alternatives.
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Driving Ban LiftedFord’s New Ad Shows Solidarity With Saudi Women
In a tweet Wednesday, Ford shared an ad featuring a Saudi woman looking in a rearview mirror. The black material behind the mirror resembles that of a niqāb, a veil that Saudi women wear in public. The simple, powerful image also featured a caption that read: “Welcome to the driver’s seat.”
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Driving Ban LiftedBergen: Saudi women driving a sign bigger change is coming
Women driving themselves aren't just symbolic -- they're also part of a larger social transformation going on in Saudi society that is arguably the most important in almost half a century. Mina Al-Oraibi, the editor in chief of The National, a leading English language newspaper in the Middle East, explains, "This decision tips the balance for Saudi women and there is no going back. Of course, other issues remain, but this was the most evident and impacted everyday life for all women, from mothers wanting to take their kids to school, to women considering entering the workforce."
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Driving Ban LiftedMany hail Saudi Arabia’s move to let women drive
Saudi leaders also hope the new policy will help the economy by increasing women's participation in the workplace. Many working Saudi women spend much of their salaries on drivers or must be driven to work by male relatives. With more than half the country aged under 25, Prince Mohammed, the King's son and the architect of the reforms, is also seen as catering to the aspirations of younger people.
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Driving Ban LiftedCarmakers Welcome Arrival of Saudi Women Behind the Wheel
The arrival of women drivers could lift Saudi car sales by 15-20 percent annually, leading forecaster LMC Automotive predicts, as the kingdom’s “car density” of 220 vehicles per 1,000 adults rises to about 300 in 2025, closing the gap with the neighboring United Arab Emirates.
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Women's RightsFor most Saudi women, driving isn’t the biggest issue
Of all the subjects that I've covered in reporting on Saudi Arabia down the years, the one I've spent most time on is women's rights: from female campaigners behind the wheel, to bloggers, to upper-class activists who bend the King's ear to push for change, to young aspirational women in school and out on their first job beholden to their father's whim on the limits of their travel and achievement.
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Driving BanSaudi Women Getting Keys to Car May Boost Toyota, Hurt Uber
Saudi Arabia’s move to open up its auto market to about half of its 32 million total population will have a profound impact on vehicle demand, driving habits and even immigration patterns in a country where low-wage immigrants from Bangladesh and the Philippines often work as hired drivers.
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