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Crown Prince Mohammed bin Salman, UAE’s Sheikh Mohamed bin Zayed Meet in Kingdom
- July 20,2021
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- SUSTG Team
The Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed visited Riyadh on Monday on an official visit to the Kingdom to meet with Crown Prince Mohammed bin Salman and discuss bi-lateral relations amid recent differences on energy and foreign policy.
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Saudi Startups Raise Over $250m So Far in 2021, Report Says
- July 19,2021
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- SUSTG Team
Dubai-based research platform Magnitt says Saudi Arabian startups raised more than a quarter of a billion dollars in venture capital (VC) funding during the first half of 2021, as the Kingdom looks to continue to develop entrepreneurship within its borders. Magnitt says that VC funding in MENA increased by 12% from FY’20, “marking a quarterly […]
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Oil Demand Soars in 2021, Expected to Grow Further as Market Reacts to Reported Saudi-UAE Agreement
- July 16,2021
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- SUSTG Team
Global demand for oil is soaring in 2021 as the world rebounds from the pandemic year, according to OPEC data and shared by Riyadh-based Jadwa Investment in an oil market update.
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Saudi Arabia Vaccination Drive Accelerates as Toll Passes 8,000 in Kingdom, Deadline Looms
- July 15,2021
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- SUSTG Team
Saudi Arabia’s daily Coronavirus vaccination rates passed 400,000 as the government continued to emphasize the importance of the jab ahead of a key deadline in which citizens and residents will need to prove they have received the vaccine to take part in many normal daily activities.
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Saudi Arabia Sending Largest-Yet Delegation of Athletes to the Olympics in Tokyo
- July 14,2021
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- SUSTG Team
Saudi Arabia’s delegation of athletes to the Olympic Games in Tokyo this month is its largest ever, as the Kingdom continues to build its homegrown sports talent and develop young athletes. The Kingdom has participated in 11 Olympics, with its first athlete competing in 1976 in Montreal.
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IEA: Lack of Agreement in OPEC+ Means Volatility, Tightening Market
- July 13,2021
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- SUSTG Team
The oil market will see tighter supply for now as a dispute inside OPEC+ between Saudi Arabia and the UAE goes unresolved, according to a new report from the International Energy Agency (IEA). World oil markets are on edge with OPEC+ negotiations to boost supply now in deadlock, and after initially surging to multi-year highs in early […]
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Uncertainty Inside OPEC+ Causes Oil Price Flux
- July 9,2021
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- SUSTG Team
Oil prices continued to see increased volatility as traders attempt to understand how the Saudi-UAE chasm on production might affect supply in the coming months, according to reports.
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Report: Algosaibi Family Conglomerate AHAB Near Debt Settlement after Nearly 12 Years
- July 8,2021
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- SUSTG Team
One of Saudi Arabia’s largest and longest debt sagas, ongoing for nearly 12 years, is set to finally reach a resolution. Saudi Arabia’s Algosaibi family’s conglomerate AHAB and its creditors have submitted a debt restructuring proposal to the Dammam commercial court this week after approval from a creditor committee, Reuters reports.
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Prince Khaled bin Salman Visits Washington for High-Level Talks with Biden Administration; U.S. Talks with Saudi on Oil
- July 7,2021
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- SUSTG Team
Saudi Arabia’s deputy defense minister and former ambassador to the United States Prince Khaled bin Salman on Tuesday became the highest-ranking Saudi envoy to visit Washington since Joe Biden became president in January, Reuters reports. The prince represented the Kingdom in talks with senior Biden officials on the Yemen war and threats from Iran.
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Saudi Prince Khaled bin Salman Visits Washington, Meets with Top Biden Officials; U.S., Saudi Speak on Oil
- July 7,2021
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- SUSTG Team
Saudi Arabia’s deputy defense minister and former ambassador to the United States Prince Khaled bin Salman on Tuesday became the highest-ranking Saudi envoy to visit Washington since Joe Biden became president in January, Reuters reports. The prince represented the Kingdom in talks with senior Biden officials on the Yemen war and threats from Iran. Prince Khaled met […]
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MUST-READS
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SecuritySaudi Arabia to Host Unified GCC Military Headquarters
Saudi Arabia will host the Unified Military Command Headquarters of the Gulf Cooperation Council. An agreement to set up the base was signed on Sunday between Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah and GCC Secretary General Dr. Abdullatif bin Rashid Al-Zayani.
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G20 - RiyadhKing Salman: Saudi Arabia expects ‘effective’ European participation in G20 summit
It will focus on human empowerment, the environment and technological advancement. Climate change will also be a main factor of discussion. The summit will gather finance ministers, central bank governors and policymakers to discuss global economic issues.
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Saudi StartupsReflections On One Year Of Catalyzing Saudi Arabia’s Startup Space
On the "labor" side, a huge number of individuals pursuing founder/ownership opportunities, and a general shift of mindset from "employee" to "entrepreneur."
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Art and CultureYoung artists throw spotlight on Saudi Arabia’s social transformation
An exhibition by emerging artists throwing a spotlight on the social changes taking place in Saudi Arabia has been launched in the Kingdom. Athr Gallery in Jeddah is hosting “In the Midst of It All,” the sixth edition of its Young Saudi Artists (YSA) initiative, showcasing the works of 23 talented newcomers to the country’s growing art scene.
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Saudi-UAESaudi Arabia Crown Prince Mohammad Bin Salman to start a state visit to UAE
During the official visit, the Saudi Crown Prince will meet His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, where they will discuss fraternal relations and ways to boost them.
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TourismSaudi Arabia Opens Its Doors To Tourists—Starting With A Huge Giga Project Around A UNESCO World Heritage Site At Diriyah
What is noticeable about Saudi Arabia’s ambitions versus other rapid development in GCC nations is that there is a very strong desire to keep cultural heritage at the heart of their growth.
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QatifSaudi Arabia’s Oil Heartland Is Calm. That’s Bad News for Iran.
Qatif is an area inhabited mainly by Shiites, who make up roughly 15 percent of the Saudi population and whose branch of Islam is most identified with Iran. The poet was a Sunni, the sect that dominates the kingdom. The organizers said they had hosted Sunnis before, yet the atmosphere during a tense period for Saudi-Iranian relations showed how much Saudi Arabia has changed over the past three years. Crown Prince Mohammed bin Salman, the leader and heir, is trying to fashion a kingdom underpinned by national identity rather than the traditional Wahhabi religious conservatism that defined society for generations. He has sought to crush any dissent against that new narrative.
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2020 U.S. ElectionsJoe Biden, In Departure from Obama Policy, Says He Would Make Saudi Arabia a “Pariah”
Biden’s admission is a significant departure from the Democratic Party position before Donald Trump.
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Tourism and HospitalitySaudi Arabia to Inaugurate Diriyah Gate, a New Cultural and Lifestyle Tourism Destination With a UNESCO World Heritage Site at Its Heart
The restoration and reimagining of Diriyah, a sweeping 18th century adobe city that once served as the capital and stronghold of the first Saudi State, will be officially inaugurated at a special November 19th gathering. This cornerstone-laying event comes as the country continues its pioneering plans to welcome visitors from near and far, and underlines Saudi Arabia's mission to showcase the cultural icon to the world as one of its great gathering places.
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TechnologySaudi Arabia-based Riyad Bank Invests $26.7 Million into its Newly-Launched Fintech Startup Investment Program
Saudi Arabia-based Riyad Bank, one of the largest financial institutions in the Middle Eastern Kingdom, has decided to invest SAR 100 million (appr. $26.7 million) into its newly-launched Fintech startup investment program.
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