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New Saudi Visa Program, Tourism Event Set for Launch on September 27th, Report Says
- September 4,2019
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- SUSTG Team
A new visa scheme is coming to Saudi Arabia on September 27th that will benefit over 50 nations and will be a “game changer” initiative for attracting international tourists, a report in the English-language Saudi daily Arab News. “Although not officially confirmed by the government, industry sources told Arab News an event to showcase Saudi tourist attractions […]
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Video: Saudi Ambassador to the United States Princess Reema on how lack of financial self-sufficiency for women is #Solvable
- August 28,2019
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- SUSTG Team
A new video interview released by the Rockefeller Foundation as part of a series on solvable problems around the world features Saudi Arabia’s new Ambassador to the United States, Princess Reema bint Bandar, discussing the issue of a lack financial literacy for women across the world. “Today more and more women are entering the workplace, […]
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Saudi Arabia Announces Six Flags Qiddiya with Plans for the World’s ‘Longest, Tallest and Fastest Roller Coaster’
- August 27,2019
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- SUSTG Team
Saudi Arabia has unveiled the official park design for Six Flags Qiddiya, a family-oriented theme park currently under construction just outside of Riyadh. The announcement, along with a website for the future park, said that Six Flags Qiddiya will feature “a number of record-breaking roller coasters, unique thrill experiences, incredible live shows and more arranged into 6 […]
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Snapchat-funded Study Finds More Saudis Watching Video on Mobile Devices
- August 26,2019
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- SUSTG Team
More Saudis watch short online videos than traditional TV, with more than 85 percent of Saudis viewing videos lasting less than 10 minutes at least once a day, according to a new Snapchat-commissioned study. The survey of 869 Saudis found that mobile devices are beginning to outpace traditional TV sets in the Kingdom. 80 percent of Saudis view […]
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Women in Saudi Arabia begin exercising new travel rights as reforms progress
- August 23,2019
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- SUSTG Team
Saudi women are beginning to exercise their new rights to travel without guardian approval as the Kingdom continues to enact progressive reforms as part of its Vision 2030 social and economic blueprint. This week’s announcement by the Departments of Passport and Civil Status that the organization has begun enforcing the amended Travel Documents Law and regulations […]
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Almarai Company Solar Project Set to be Kingdom’s Largest, For Now
- August 22,2019
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- SUSTG Team
Saudi Arabia food and beverage conglomerate Almarai has completed a solar project which is being billed as Saudi Arabia’s largest to date, according to a report. The 15MW Al Kharj Solar project, built at a cost of SAR44.4 million (around $12 million), will generate 28GWh of solar power every year, according to the company. Almarai said Al […]
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Saudi Aramco Picks Advisors for Second Run at Initial Public Offering
- August 21,2019
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- SUSTG Team
Saudi Aramco has made first selections for financial partners in its rejuvenated attempt to file for an initial public offering (IPO), choosing Bermuda-based Lazard Ltd. and Moelis & Co. as advisors, people with knowledge of the matter told Bloomberg. “The boutique investment banks have started preparatory work on the offering, according to the people, who asked not to be […]
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Successful 2019 Hajj wraps up without incident as Muslims pilgrims pray in Mecca
- August 14,2019
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- SUSTG Team
Millions of Hajj pilgrims began heading back to Mecca for final prayers on Tuesday as the world’s largest annual pilgrimage went off without incident despite the logistical challenges and escalating regional tensions, Reuters reports. Even with some heavy rainfall, senior officials said there had been no major incidents and that the Hajj experience for nearly 2.5 […]
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Saudi Aramco Reports $47 Billion in Earnings; Plans to Buy Reliance Refining Stake
- August 12,2019
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- SUSTG Team
In its first-ever half-year earnings report, Saudi Aramco said the company had earned a net income of $46.9 billion in the first half of 2019, a 12 percent decrease from $53 billion in the period a year earlier, when oil prices were higher. Saudi Aramco partly attributed the decline in net income to a 4% fall in the average […]
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Aramco Expats’ The Seven Wonders of Arabia, a Tribute to the Kingdom’s Remarkable Heritage Sites – Part 7: Ar Rajajil—The Stonehenge of Saudi Arabia
- August 9,2019
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- SUSTG Team
Aramco Expats, an online blog that is a resource for current and former Saudi Aramco expatriates and their families, recently published a series of excellent blog posts on the seven wonders of the Arabia – the best heritage sites and historical places in the Kingdom. In the final post of the series of seven, Aramco Expats chose the “Stonehenge of […]
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MUST-READS
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Gulf CapitalLatest Gulf Capital acquisition largest in Saudi fintech sector
Alternative asset manager, Gulf Capital has acquired a strategic stake in Saudi Geidea, the leading provider of electronic payment solutions and financial technologies in the Kingdom of Saudi Arabia, for a total transaction value exceeding SAR 1 billion
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CitigroupCiti considers Saudi expansion as banks aim to captalize on reforms
Citigroup (C.N) is considering seeking a full banking license in Saudi Arabia as Western banks aim to capitalize on Saudi economic reforms, with rival HSBC (HSBA.L) announcing it has won mandates for several privatizations in the kingdom
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Arab SummitOpinion: Awaiting change: State of the Arab world is captured in photo from Saudi summit
How can Washington channel the Arab world’s concerns in support of U.S. policy rather than against it, and also minimize the impact of unexpected and unhelpful developments?
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ExtremismJudge bars government from sending a U.S. citizen captured in Syria to Saudi Arabia
Trying to find its way out of a legal thicket, the Trump administration wants to send to Saudi Arabia a U.S. citizen who was captured on the battlefield in Syria last fall and is suspected of supporting Islamic State.
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Syria Civil WarSyrian troops, Palestinians look to drive IS from capital
Syrian troops and allied Palestinian fighters are massing around the last Islamic State bastion in the capital, preparing for an all-out offensive if talks on an evacuation deal fall through.
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ADFGAbu Dhabi Financial Group invests in venture capital firm 500 Startups
Abu Dhabi Financial Group, which manages more than $6 billion in assets, has invested in US-based venture capital firm 500 Startups, as it seeks to broaden its tech portfolio.
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AgricultureSaudi Dairy Firm Nadec to Buy Danone Unit Via Capital Raise
Saudi Arabia’s National Agricultural Development Co., part owned by the sovereign wealth fund, will acquire Danone SA’s venture in the country, creating one of the kingdom’s largest dairy producers.
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China-EgyptIt’s Make or Break for China’s $20 Billion Egyptian Capital Plan
Chinese city-builder CFLD’s planned $20 billion project in Egypt’s new capital is at a critical juncture after nearly two years of tough negotiations.
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AfghanistanIslamic State claims responsibility for suicide bombing near shrine in Afghan capital
A suicide bomber blew himself up near a Shiite shrine in Kabul on Wednesday, killing at least 29 people and wounding dozens, officials said, as the Afghan capital celebrated the Nawruz holiday marking the start of the Persian new year.
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SyriaTurkey-backed forces capture Syrian Kurdish town of Afrin
Turkish military and allied Syrian forces marched into the center of the northern Syrian town of Afrin Sunday, raising their flags and shooting in the air in celebration nearly two months after launching their offensive on the Kurdish enclave. The advancing troops faced little resistance from the Kurdish militia that retreated and vowed to turn to guerrilla tactics.
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