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After U.S. Withdrawal of Patriot Missiles, Greece Delivers System to Saudi
- September 15,2021
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- SUSTG Team
After the U.S. withdrawal of most of its advanced missile defense systems and Patriot batteries from Saudi Arabia in recent weeks, the Kingdom has turned to Greece to supply a Patriot battery and manpower to operate it, according to reports.
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Saudi Arabia’s ACWA Power International, Key in Kingdom’s Renewable Plans, Set to IPO
- September 14,2021
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- SUSTG Team
Saudi Arabia’s ACWA Power International, described as one of Saudi Arabia’s main vehicles for building renewable energy projects, is set to raise up to 4.55 billion riyals ($1.21 billion) in its initial public offering, Bloomberg reports.
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Non-Oil Sector in Saudi Arabia Loses Some Steam in Latest Figures as Kingdom’s Economy Continues to Grow
- September 13,2021
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- SUSTG Team
Saudi Arabia’s economy posted a 1.8% annual growth figure for the second quarter but the non-oil sector lost steam, according to official gross domestic product (GDP) estimates shared in a Reuters report on Monday.
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In Interview, Prince Turki Al-Faisal Calls for U.S. Reassurances, Renewed American Commitment to Kingdom
- September 9,2021
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- SUSTG Team
Saudi Arabia’s Prince Turki al-Faisal Al-Saud, the former intelligence chief for Saudi Arabia, has called on the United States to show a renewed commitment to Saudi Arabia’s security and the U.S.-Saudi partnership in comments to CNBC published today. One of the ways the United States could show that commitment is ensuring American defense equipment in […]
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Saudi Arabia Re-Allows Entry From and Travel to UAE, Argentina and South Africa – SPA
- September 8,2021
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- SUSTG Team
Saudi Arabia removed the United Arab Emirates, Argentina and South Africa from its entry banned country list and re-allowed citizens to travel to the three countries starting Sept. 8, Reuters reports, citing state media. The decision comes just weeks before Dubai is set to host the Dubai Expo 2020 trade fair.
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‘Massive’ Coral Colony Discovered on Saudi Arabia’s Al-Waqadi Island is First in Region
- September 7,2021
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- SUSTG Team
A team of marine scientists and environment experts working for the Red Sea Development Company found a massive and unique coral reef south of Al-Waqadi Island off of Saudi Arabia’s coastline, Arab News and the Saudi Press Agency report.
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Saudi Arabia Ranks 2nd in G20 in Digital Competitiveness — Report
- September 6,2021
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- SUSTG Team
Saudi Arabia has been ranked second among the G20 countries in the Digital Competitiveness Report for the year 2021, a publication issued by the European Center for Digital Competitiveness, according to a report. The reports findings are based on data provided by the Global Competitiveness Index issued by the World Economic Forum, and supporting data […]
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Saudi Arabia Emphasizes ‘A New National Mind-Set’ for $1 Trillion in Mining Opportunities
- September 3,2021
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- SUSTG Team
Saudi Arabia is re-energizing its efforts to attract foreign investment into local mining and minerals opportunities, with the Kingdom’s Vice-Minister of Mining Affairs declaring that Saudi has a “a new national mind-set” on the sector.
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Jadwa Chartbook for September 2021: PMI Indicates Continued Expansion for Saudi Economy
- September 2,2021
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- SUSTG Team
Jadwa Investment’s recently-released Chartbook for the month of September shows a Saudi economy awaking from the pandemic year with solid figures in non-oil PMI, consumer spending, and POS transactions.
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Bloomberg Report: Saudi Arabia Continues to Combat Pandemic with ‘World’s Toughest Rules’
- September 1,2021
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- SUSTG Team
Since the start of the global pandemic last year, Saudi Arabia’s authorities and leadership have implemented progressive policies to help the Kingdom mitigate the spread of the Coronavirus within its borders. From imposing strict fines for individuals and businesses who flaunt rules on mask mandates and distancing requirements to shutting down international travel, and even all but cancelling […]
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Saudi Arabia announces start of Ramadan on Friday after sighting moon
Saudi Arabia and some other Muslim-majority nations, including Egypt, the United Arab Emirates and Jordan, declared that the holy month of Ramadan — when the faithful observe a dawn-to-dusk fast — would begin on Friday, based on a moon-sighting methodology.
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Saudi Arabia starts operating new shipping line to East Africa
The new shipping line will provide a new weekly direct service between the Kingdom, Kenya and Somalia through 4 dedicated vessels, according to SPA.
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Saudi Arabia sells $7 billion in three-part bonds as oil squeezes budget
Riyadh last month increased its debt ceiling to 50% of GDP from a previous 30% in March as it plans to increase borrowing amid the economic downturn caused by the coronavirus outbreak.
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Uber suspends services in several parts of Saudi Arabia
Uber will “pause” its services in the cities of Riyadh, Tabuk, Dammam, Dhahran and Al-Hofuf, and the governorates of Jeddah, Taif, Qatif and Khobar, it said in an email to customers. The interior ministry has announced a 24-hour curfew in those areas.
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Saudi Arabia brings forward coronavirus curfew start in three areas
Saudi Arabia has brought forward its nightly curfew by four hours in three areas to combat the coronavirus epidemic, state news agency SPA said. From Friday, the curfew will begin at 3 p.m. (1200 GMT) instead of 7 p.m. in the city of Dammam and the governorates of Taif and al-Qatif, SPA said, quoting a senior interior ministry official. The curfew is lifted at 6 a.m.
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Saudi Arabia’s Mawid smartphone app offers coronavirus self-assessment
The Saudi Health Ministry has introduced a self-assessment feature on its Mawid smartphone app amid the global outbreak of coronavirus disease (COVID-19), offering a consultation window for the public.
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5 charts that explain the Saudi Arabia-Russia oil price war so far
Two of the world’s largest oil producers — Saudi Arabia and Russia — are set to increase production dramatically this month, after an agreement between OPEC and its allies to lower output expired at the end of March. OPEC+ countries have teamed up to reduce their supply to the market since 2017, but failed to reach a deal last month.
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Trend Micro partners with CyberX to drive Saudi Arabia’s cybersecurity awareness
Showing the strong need for cybersecurity, the Kingdom ranked as the most-attacked GCC country for malware and banking malware in 2019, with Trend Micro’s 2019 Security Roundup Report recording 2,352,570 malware attacks and 4,731 banking malware attacks.
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Saudi Arabia Records 3rd Virus Death, 3 Cities Implement Curfew Starting 3 p.m.
The number of coronavirus cases in Saudi Arabia reached 1,012 on Thursday after authorities announced 112 new infections, most of them in the capital Riyadh and Makkah.
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Saudi Arabia’s Wealth Fund Parts Ways With Three Top Executives
Chief Strategy Officer Dennis Johnson, who had been in his role since 2018, has left, as well as the head of risk, Martin Botha, according to people with knowledge of the matter. Head of investment risk, Hassan Chehime, who had been with the PIF for about a year, also departed, the people said, asking not to be identified because the moves haven’t been publicly disclosed.
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