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Saudi Arabia Aims for over 1000% Increase in Entertainment Sector Employment this Year as Massive Investment Planned
- February 22,2018
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- SUSTG Team
Saudi Arabia is betting big on the entertainment sector to boost job creation and provide for a more vibrant society with a whopping $64 billion planned to spend in the next decade, according to the head of the General Entertainment Authority Ahmed Al-Khatib. Al-Khatib said that the investment and development is already underway, and that the […]
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Russian, Chinese Interests ‘Eager’ to Invest in Saudi Aramco IPO as Cooperation Heats Up
- February 14,2018
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- SUSTG Team
The head of the Russian Direct Investment Fund (RDIF) said in Riyadh today there is “significant interest” to invest in the forthcoming Aramco IPO from Russia and from China, according to reports. Several banks and other groups in Russia are interested in investing in shares of Aramco, according to Bloomberg, which reported comments from Kirill Dmitriev, chief […]
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Saudi Embassy Spokeswoman: ‘The Kingdom is not Easternizing or Westernizing, it’s Modernizing’
- February 6,2018
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- SUSTG Team
The first spokeswoman for the Royal Embassy of Saudi Arabia, Fatimah Baeshen, said in an interview that the Kingdom is not sacrificing culture or values with its Vision 2030 economic and social reform program and that the program has “something for everyone” in Saudi Arabia. The well-spoken Baeshen, who was appointed by Saudi Arabia’s Ambassador to the […]
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Saudi Arabia’s King Salman Orders $2b ‘Deposit’ to Yemen to Shore Up Currency
- January 18,2018
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- SUSTG Team
Saudi Arabia’s King Salman ordered a $2 billion transfer to the Yemeni central bank, according to reports, as the Kingdom looks to shore up the economy of its war-torn southern neighbor. The Saudi Ministry of Culture and Information (MoCI) said in a statement that the money is meant “to address the deteriorating economic situation” in Yemen. “All […]
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U.S. to Ramp Up Crude Oil Production by 10% in 2018
- January 4,2018
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- SUSTG Team
The United States is poised to ramp up crude oil production by 10% in 2018 to about 11 million barrels per day, research firm Rystad Energy has said, which would make the U.S. the world’s largest producer. The expected surge in shale oil output “should allow the United States to dethrone Russia and Saudi Arabia as […]
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Two Top Officials in Crackdown Sweep Return to Public Eye
- January 2,2018
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- SUSTG Team
Two top officials detained in last year’s crackdown on corruption in Saudi Arabia have returned to the public eye following settlement payments, according to reports. Prince Miteb bin Abdullah, former head of the Saudi national guard and son of the late King Abdullah, was photographed alongside Crown Prince Mohammed bin Salman at a horse race […]
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‘Largest Ever’ Budgeted Expenditure for Saudi Arabia in 2018 as Kingdom Looks to Propel Growth
- December 20,2017
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- SUSTG Team
Government officials unveiled Saudi Arabia’s largest budgeted expenditure ever as the Kingdom looks to propel economic growth following two years of reduced spending. Compared to previous years, the budget is expansionary. Saudi Arabia will spend SR88 billion ($23.5 billion) more in 2018 compared with 2017. The announcement was made at a press conference at which Finance Minister Mohammed […]
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Nearly $20b in Stimulus for Saudi Economy in 2018
- December 14,2017
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- SUSTG Team
Saudi Arabia has unveiled a stimulus package to begin next year with money to support housing construction as well as fee waivers for small businesses. Saudi Arabia’s King Salman issued a royal decree approving 72 billion riyals ($19.2 billion) worth of measures to stimulate growth in the private sector next year (2018), and 200 billion […]
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Westinghouse in Talks with Other U.S. Companies to Bid for Saudi Nuclear Opportunities, Reuters Reports
- November 21,2017
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- SUSTG Team
An exclusive Reuters report reveals that Westinghouse is in talks with other U.S-based companies to form a consortium to bid in a multi-billion-dollar tender for two nuclear power reactors in Saudi Arabia, citing three industry sources. If the consortium forms and bids, it would have stiff international competition in countries like South Korea, France, and Russia, who […]
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UK Government Agrees to $2b Loan Guarantee For Saudi Aramco
- November 9,2017
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- SUSTG Team
The U.K. government agreed to a $2 billion loan guarantee for Saudi Aramco as competition to host the likely largest in history IPO heats up, according to Bloomberg. “The unusually large export credit guarantee, designed to finance the purchase of British goods, will be seen by many as an attempt to help woo the IPO to the […]
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MUST-READS
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Women in Saudi ArabiaMs Saffaa, protest art and the fledgling Saudi Arabia women’s rights movement
“Don’t say Saudi women don’t have a voice. We have a voice. You just haven’t been paying attention.”
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Driving in SaudiSaudi Prince Alwaleed demands right for women to drive
Alwaleed bin Talal, an outspoken and influential Saudi prince, has called for an "urgent" end to Saudi Arabia's ban on women driving. The billionaire compared the restriction to forbidding education for women.
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Women's RightsHow the West Misses the Point on Women’s Rights in Saudi Arabia
In my experience, Saudi women who self-identify as women’s rights advocates tend to be better known to liberal Western newspaper readers than they are to other Saudi women.
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Hussain Saeed Alnahdi DeathTwo women wanted in murdered Saudi student US case
In a new revelation in the striking case surrounding the death of a Saudi student murdered in the United States, AlArabiya.net has learned that authorities are investigating two females as persons of interest. Menomonie Police Department released two images from a video showing women who they say may have more information on the case.
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Women in the WorkplaceSaudi’s women are its untapped economic resource
Out of 144 nations, only Iran, Yemen and Syria are below Saudi Arabia in the World Economic Forum's gender equality ranking.
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Vision 2030New Jobs for Women in Saudi Arabia
For the first time, women in Saudi Arabia are being allowed to work in pharmacies, herbal medicine stores and optical stores in malls. The new opportunities are part of a plan, called Saudi Vision 2030, to diversify its economy away from a reliance on oil by utilizing a traditionally untapped resource: women.
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Women in FilmSaudi women trailblaze into world of film
Al Andijani will be among the Class of 2017 to graduate in the spring with a Bachelor’s degree in studies of visual and digital production from the Jeddah-based all-women’s Effat University in Saudi Arabia. She belongs to an exclusive membership: the first generation of Saudi university-trained female filmmakers.
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A Day in RiyadhA More Feminist City: Can Riyadh Shatter Stereotypes for Saudi Women?
Last week, Saudis braced the rainy Manhattan skies and took to the United Nations headquarters to discuss their country’s capital. The four-day interactive pop-up event, “A Day in Riyadh,” showcased the Saudi capital as a cosmopolitan business hub—with women often at the center.
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Women in Saudi ArabiaWomen in Saudi Arabia want to be full-fledged citizens
Saudi Arabian women have signed a controversial petition to end male guardianship. We are ready to pay the price, Hatoon Als Fassi told DW.
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#IAmMyOwnGuardianSaudi women petition to end male guardianship system sparked by a Twitter campaign
Nearly 15,000 women in Saudi Arabia have signed an online petition demanding that the country abolish its male guardianship system, which requires women to get the consent of men for major decisions like traveling abroad, getting married, and even sometimes to work or study.
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