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In Speech, Head of Yemen’s New Presidential Council Rashad Al-Alimi Pledges Peace
- April 11,2022
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- SUSTG Team
The head of Yemen’s new presidential council Rashad Al-Alimi said on Friday he would end the war with a commitment to a peace process, in his first speech since power was delegated to the body by the Saudi-backed president this week, according to Reuters.
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Energy, hydrogen, and more with Phillip Cornell from The Economist Impact and the Atlantic Council and much more…
- April 8,2022
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- SUSTG Team
In Episode 34, The hosts welcome Phillip Cornell, senior fellow, Global Energy Center at the Atlantic Council, and Principal for Energy and Sustainability at the Economist Impact, and brings over 15 years of international experience in private and public sectors (World Bank, IEA, Aramco, NATO, Dow Jones) onto The 966 to talk about the global […]
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Saudi Arabia’s ACWA Power Starts Construction at Green Hydrogen Project at NEOM
- April 7,2022
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- SUSTG Team
Saudi Arabia’s ACWA Power and its partners kicked off the construction work at the world’s largest green hydrogen project in NEOM, according to reports, as the Kingdom moves forward with aspirations to be a global leader in green energy. The project is a $5 billion world-scale green hydrogen-based ammonia production facility powered by renewable energy, and […]
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Venture capitalist Amjad Ahmad joins The 966 to talk about Saudi Arabia’s startup ecosystem
- April 6,2022
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- SUSTG Team
The Kingdom’s nascent startup ecosystem is growing in nearly every metric, but is still in its early stages. How can Saudi Arabia continue to develop it so that it stands on its own? Amjad Ahmad, managing partner of the VC firm Precinct Partners and director and resident senior fellow of empowerME at the Atlantic Council’s […]
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Saudi Non-Oil Private Sector Continues Solid Growth in March – Survey
- April 5,2022
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- SUSTG Team
Saudi Arabia’s non-oil private sector “kept up its solid pace of growth in March as output expanded at the fastest rate in over four years,” a survey showed on Tuesday.
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President Biden Praises Saudi Efforts Toward Peace in Yemen; Two-Month Ceasefire Begins
- April 4,2022
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- SUSTG Team
A UN-brokered two-month ceasefire in Yemen began on Sunday with warring parties agreeing to avoid conflict as the Holy Month of Ramadan begins, with President Biden praising Saudi Arabia’s diplomatic efforts in a statement.
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Former USMTM Chief Col. Brad Gandy Joins The 966 to Talk U.S.-Saudi Defense, Security Partnership and More
- April 1,2022
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- SUSTG Team
Episode 33! On last week’s episode, we talked about the huge transformation going on in Saudi Arabia’s military and USMTM’s role in it with author Bilal Saab, who has a book coming out on the subject. This week, the head of the USMTM from 2019-2021, Col. Brad Gandy, who heard last week’s episode and agreed […]
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Ramadan 2022 Set to Begin with Crescent Moon Sighting in Saudi Arabia April 1-2
- March 31,2022
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- SUSTG Team
Ramadan 2022 is set to begin in Saudi Arabia upon the sighting of the crescent moon as soon as April 1, with authorities urging Saudis to keep a look out for the moon starting Friday night.
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Recovering Saudi Economy Sees Unemployment Among Saudi Nationals Lowest Since 2009
- March 30,2022
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- SUSTG Team
Saudi Arabia’s booming economy is translating to a strong job market in the Kingdom both for expats and citizens alike, according to a report in Bloomberg, which cited latest data from the kingdom’s General Authority for Statistics.
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Global Entrepreneurship Congress in Riyadh Attracts $600m in Investment Announcements
- March 29,2022
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- SUSTG Team
The Global Entrepreneurship Congress, a conference gathering investors, policymakers and community leaders from around the world to focus on the startup space, is underway in Riyadh with big announced investments into the important sector for the Kingdom’s diversification goals.
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MUST-READS
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SAFF officials open world football’s first dedicated Football Research Institute in Riyadh
The Saudi Arabian Football Federation [SAFF] has officially launched the Saudi Arabian Football Federation Institute of Research [SAFFIR], marking the world's first dedicated Research Institute for Football operated by a Football Federation. ‘SAFFIR’ - translated from Arabic as ambassador – is a symbol for the Institute’s aim to act as a connecting point between researchers, scholars, policy makers and the wider football community as a source of knowledge and insights for the game beyond the pitch. The first-of-its-kind institute in Riyadh will welcome its first researchers, scholars, football policy makers and lecturers to the site this week, with international researchers from all over the world arriving to begin ground-breaking projects on football and its impact - on and off the pitch.
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Energy and Climate Issues During the Trump Administration’s First 100 Days
President Donald Trump has made energy a clear focus for his second term in the White House. Having campaigned on an “America First” platform that highlighted domestic fossil fuel growth, the reversal of climate policies and clean energy incentives advanced by the Biden administration, and substantial tariffs on key US trading partners, he declared an “energy emergency” on his first day in office. How Trump’s platform will be transformed into action remains uncertain, as are the associated energy, environmental, economic, and geopolitical implications. In this series, scholars at the Center on Global Energy Policy examine central energy questions and issues facing the Trump administration in its first 100 days as it works to realize the energy vision outlined during the presidential race and consider the domestic and global outcomes of the decisions it may make.
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Steven Gerrard: Al Ettifaq manager leaves role at Saudi Pro League side by mutual consent
Ex-Liverpool and England midfielder Gerrard, who joined Al Ettifaq in July 2023, signed a two-year contract extension in January 2024 that was due to keep him at the club until 2027. But the 44-year-old leaves the role with Al Ettifaq sitting 12th in the 18-team Saudi Pro League, just five points above the relegation zone. Al Ettifaq have won just five of their 17 league games this season under the ex-Rangers boss, most recently drawing 2-2 with second-bottom side Al Wehda FC.
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Saudi Arabia’s evolving lending market: Surge in international interest and diversification of borrowers
In recent years, the Kingdom of Saudi Arabia has implemented large scale regulatory reforms, including the Civil Transactions Law, Bankruptcy Law, Public-Private Partnership Program, and the Government Tenders and Procurement Law. These reforms were designed to enhance the Kingdom’s diversification efforts and attract international business – they have also propelled the country to rank 16th globally on the IMD World Competitive index. Historically, the interest in Saudi borrowing has been predominantly domestic or from the Gulf Cooperation Council (GCC) countries. However, we expect to see a shift in 2025, with a surge in interest from international markets. Several factors contribute to this change.
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Collector Basma Al Sulaiman on the Future of the Saudi Art Market: ‘We Are Not Just Consumers’
The Gulf has been a hotbed of cultural investment in recent years. Saudi Arabia, in particular, has experienced a burgeoning museum landscape—both public and private—and cultural events launching as part of its Vision 2030 project, a sweeping plan for diversifying the nation’s economy to be less oil-production reliant. As of last year, projects associated with Vision 2030 have reached $1.3 trillion in value. Part of that plan has included expanding luxury retail as well as arts and culture infrastructure. Last year, Abu Dhabi’s sovereign wealth fund struck a $1 billion deal with Sotheby’s owner, Patrick Drahi, for a minority stake in the firm. Christie’s also recently announced that it is expanding its presence in the Middle East with an outpost in Riyadh, the capital of Saudi Arabia— this will be the house’s second location in the region, alongside its Dubai office, which opened in 2005. The Riyadh location will focus on Modern and contemporary Middle Eastern art, as well as jewelry and timepieces, the house said, aiming to draw the kingdom’s wealthy millennials; Saudi Arabia is one of the world’s youngest countries, with roughly 70 percent of the population under the age of 40.
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SFDA chief rules out plan to ban sale of cigarettes or vapes
Saudi Arabia has no plan to ban the sale of traditional or electronic cigarettes, according to Dr. Hisham Al-Jadhey, CEO of the Saudi Food and Drug Authority (SFDA). His remarks came amid growing international discussions on tobacco regulations, with countries like Belgium opting for stricter measures, including bans on vaping products. Speaking on Rotana Khalejia’s program “Fi Al-Soura” on Monday, Dr. Al-Jadhey clarified that electronic cigarettes are subject to different regulations worldwide. He emphasized that e-cigarettes are not a safer alternative to traditional smoking, countering common misconceptions. Dr. Al-Jadhey highlighted the SFDA's overarching goal to encourage smokers to quit smoking entirely. “Our primary aim is to support smokers in transitioning away from tobacco use,” he said, while explaining that the authority works to ensure tobacco companies comply with established standards and regulations while actively monitoring potential violations.
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Reflecting on Davos 2025
At NEOM House, we gave visitors an up close and personal look into our many diverse regions. We shone a light on three - Trojena, Oxagon, and THE LINE - with each embodying our vision for an innovative and sustainable future: In a compelling session, NEOM's Deputy CEO Rayan Fayez and Chief Development Officer Denis Hickey discussed how NEOM's vision is becoming a reality. They shared key developments about the progress of NEOM, which is currently the largest construction and civil engineering project in the world. Other key speakers from the NEOM leadership team included Vishal Wanchoo, Dr. Manar Al Moneef, and Majid Mufti; all of whom delivered insightful discussions that left attendees with a deeper understanding of NEOM and its vision
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Israel delays prisoner release after chaotic hostage handover
Hamas handed over three Israelis and five Thai hostages in Gaza on Thursday, but Israel delayed the expected release of Palestinian prisoners after chaotic scenes at one of the handover points, where large crowds swarmed around the captives. Arbel Yehud, 29, abducted from Kibbutz Nir Oz in the Hamas-led assault on Israel on Oct. 7, 2023, looked fearful and struggled to walk through a surging crowd as armed militants handed her to the Red Cross in a tense scene in the southern city of Khan Younis. Another Israeli hostage, Gadi Moses, 80, was also released along with five Thai nationals working on Israeli farms near Gaza when the militants burst through the border fence, the Israeli military said. The mother of one of the Thais watched a livestream of the scene anxiously from her home in the northeastern Udon Thani province.
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Saudi Arabia says GDP grew 1.3% in 2024, lifted by non oil sector
Saudi Arabia's economy returned to growth in 2024, with real gross domestic product increasing 1.3% compared to the previous year, preliminary government data released on Thursday showed, with non-oil sector activities lifting overall GDP. GDP growth surged 4.4% in the fourth quarter versus the same period a year earlier, estimates from the General Authority for Statistics showed, the highest quarterly growth rate in two years, with non-oil activity increasing 4.6%. Non-oil growth vastly outperformed overall GDP in 2024 as well, increasing 4.3% while oil activities declined 4.5% and government activities grew 2.6%. The Saudi economy contracted 0.8% in 2023 as oil production cuts and lower oil prices hit growth in the world's biggest crude exporter.
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Tom McKibbin ignores Rory McIlroy’s advice and joins Saudi-funded LIV Golf
Tom McKibbin of Northern Ireland has spurned the advice from mentor Rory McIlroy by giving up a PGA Tour card to join Saudi-backed LIV Golf. McKibbin, a 22-year-old who won his only European tour event in 2023, has signed to play with Jon Rahm and his Legions 13 team. LIV Golf starts its season next week in Saudi Arabia. Rahm confirmed the signing in an Instagram post. McKibbin, who grew up on the same course as McIlroy, was the 10th and final player in the DP World Tour points list to earn a PGA Tour card this year.
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