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Daily New COVID-19 Cases in Saudi Arabia Fall Below 1,000 for First Time in Two Months
- August 6,2021
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- SUSTG Team
Daily new COVID-19 cases in Saudi Arabia fell below the 1,000-mark on Thursday for the first time since June 6, according to official figures, with 986 individuals infected over the past 24 hours.
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SABIC’s Profit Surges in 2Q Amid Booming Demand for Petrochemical Products
- August 5,2021
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- SUSTG Team
Saudi-based petrochemicals giant SABIC hit a $2 billion quarterly profit in the second quarter of this year as a healthy global demand for its products drove sales, according to reports. SABIC also said it expects this solid performance to continue in the second half of 2021, “backed by healthy demand and rising oil prices,” according to Reuters.
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Saudi Mortgage Lending Surges 27% in First Half of 2021 — SAMA Data
- August 3,2021
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- SUSTG Team
Residential mortgage financing in Saudi Arabia has soared in 2021, increasing 27% so far this year despite a slowdown in the 2nd quarter, according to recent data released by the Saudi Arabian Monetary Authority (SAMA) and reported by Zawya.
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Jadwa Chartbook: Oil Prices Continue Climb for Third Straight Month, Benefitting Saudi Economy
- August 2,2021
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- SUSTG Team
A third straight monthly gain for oil is benefitting the Saudi economy, as SAMA FX reserves rose in June by $8.8 billion month-on-month and the non-oil PMI was unchanged at 56.4, indicating continued growth, a recently-released monthly Chartbook by Jadwa Investment for the month of June notes.
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Saudi PPP to Invest $15 Billion in New Technology Fund – Report
- July 29,2021
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- SUSTG Team
A Saudi public-private partnership will launch a $15 billion technology fund “to advance the digital infrastructure in the Kingdom,” a report in Arab News said, based on an announcement at a conference in Riyadh on Wednesday.
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Finance, Insurance Sectors in Saudi Arabia Latest to Move Toward 100% Saudization
- July 28,2021
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- SUSTG Team
The finance and insurance sectors in Saudi Arabia will move toward implementing total Saudization with the hiring of Saudi nationals in as many as 91,000 jobs that are currently occupied by non-Saudis, according to a report from the local Okaz/Saudi Gazette.
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Saudi Arabia’s Rock Art Complex Hima Gets Sought-After UNESCO World Heritage list Designation
- July 27,2021
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- SUSTG Team
Hima, one of the largest rock art complexes in the world located in Saudi Arabia, has landed on UNESCO’s World Heritage list, the sixth such location in the Kingdom to receive the sought-after designation, according to reports. Entered into UNESCO’s listings as the Ḥimā Cultural Area, the incredible rock art is located in an arid, mountainous area of […]
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Saudi Arabia Suspends Privatization of the $2 Billion Ras Al Khair Desalination and Power Plant – Reports
- July 26,2021
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- SUSTG Team
Saudi Arabia has suspended the privatization plans for the Ras Al Khair desalination and power plant, valued at an estimated $2 billion, according to reports.
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Saudi Aramco Confirms Data Leak, Says Systems Not Breached and Reaffirms ‘Robust Cyber Security Posture’
- July 23,2021
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- SUSTG Team
Saudi Aramco said on Wednesday that some of its company files had been leaked via a contractor, but that its cyber security posture remained “robust” and said that its systems were not compromised, according to reports and a statement from the company.
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Ivory Coast beat Saudi Arabia 2-1 in Kingdom’s Olympic Soccer Opener
- July 22,2021
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- SUSTG Team
The Ivory Coast beat Saudi Arabia 2-1 in the Kingdom’s opening Olympic soccer match on Thursday in Yokohama, Japan. Ivory Coast’s Franck Kessie scored the go-ahead goal in the 66th minute in a disappointing start for the Kingdom’s Tokyo dreams. On the Saudi side, Salem Al-Dossari scored the Kingdom’s lone goal in the match.
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MUST-READS
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BoeingBusiness Agreements Strengthen Boeing, Saudi Arabia Partnership
Several defense and commercial agreements announced over the weekend will further strengthen Boeing’s partnership with Saudi Arabia, create or sustain thousands of jobs in both the United States and Saudi Arabia, and enhance national security in the region.
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U.S. State DepartmentWorries mount about vacancies in Trump’s State Department
Concerns are growing about a short-staffed State Department dealing with a host of international crises.
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Saudi AramcoSaudi Aramco close to choosing partner for project management JV
Oil giant Saudi Aramco is close to selecting a partner for a joint venture it plans to set up to oversee government-related infrastructure projects in Saudi Arabia, sources familiar with the matter said.
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Budget DeficitSaudi Quarterly Budget Deficit Narrows With Oil Income Surge
The budget deficit for the three months to March was 26.2 billion riyals ($7 billion), the finance ministry said in a report on Thursday. That compared with 91 billion riyals in the period a year ago, according to Bloomberg calculations using the official data.
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Cars on RocksTahjir: Mounting cars on stones becomes art in Saudi
The art which is fast catching on and becoming more popular among young men in the country involves setting hundreds of stone bricks beneath the car to raise it up.
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FamineDaily chart: Impending famines in Africa and Yemen have political causes
Millions of people are at risk of starvation in Nigeria, South Sudan, Somalia and Yemen
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U.S.-Saudi RelationsUS State Department issues travel warning for Saudi Arabia
The U.S. State Department issued a travel warning on Wednesday, cautioning all Americans visiting Saudi Arabia.
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Saudi Stock MarketSaudi bourse to start new settlement period, short-selling on April 23
Saudi Arabia's stock exchange said it would extend the period for settling trades and introduce short-selling on April 23, reforms that may help the market join international equity indexes, attracting billions of dollars of fresh investment.
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Drone PolicyUncertainty at State Department holding up new agreement on armed drones
In the waning days of the Obama administration, the U.S. State Department teamed with over 40 nations to issue a joint declaration on the use and export of armed drones. But with the election of Donald Trump, movement on the agreement has slowed to a crawl, with signatories onto a joint declaration agreeing to postpone a key meeting until the summer in order to give the Americans time to sort out how – or if – the new administration wants to proceed.
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Anti-ISIS CampaignISIS War Generals to Congress: We Need the State Department
One week after Trump proposed shifting billions from the State Department to the Pentagon, two of the top U.S. generals in the Middle East and Africa say they need diplomatic help.
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