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Saudi hosts first meeting of “International Alliance to Implement the Two-State Solution”
- October 31,2024
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- SUSTG Team
Saudi Arabia hosted the first meeting of a new international alliance to press for the establishment of a Palestinian state.
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8th Future Investment Initiative wraps in Riyadh
- October 29,2024
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- SUSTG Team
The 8th Future Investment Initiative (FII) conference just concluded in Riyadh, Saudi Arabia, running from October 29th to 31st, 2024. This year’s theme was “Infinite Horizons: Investing Today, Shaping Tomorrow.”
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Aramco’s Wa’ed Ventures allocates $100 million for early-stage AI investments
- October 29,2024
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- SUSTG Team
Wa’ed Ventures, the $500 million venture capital fund owned by Saudi Aramco, plans to invest $100 million in early-stage artificial intelligence startups.
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Inexpensive solar panels are super-charging renewable energy growth
- October 25,2024
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- SUSTG Team
Solar PV and wind additions are forecast to more than double by 2028 compared with 2022, continuously breaking records over the forecast period to reach almost 710 GW.
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Saudi Finance Minister makes strong case for multilateralism at IMF, World Bank meetings
- October 23,2024
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- SUSTG Team
Saudi Finance Minister Mohammed Al Jadaan appealed for a strong defense of multilateralism, warning of the challenges that global fragmentation poses to trade and humanitarian efforts.
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16th BRICS summit in Russia October 22-24
- October 22,2024
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- admin
The 16th BRICS summit kicked off today in Kazan, Russia.
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First EU-GCC Summit today in Brussels
- October 15,2024
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- admin
The first summit between the leaders of EU and Gulf Cooperation Council (GCC) takes place today, October 16, 2024, in Brussels. The summit is co-chaired by Charles Michel, President of the European Council, and H.H. Sheikh Tamim bin Hamad Al Thani, Emir of Qatar, the current rotating President of the GCC.
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Global Logistics Forum 2024 concludes in Riyadh
- October 14,2024
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- admin
The Global Logistics Forum (GLF) hosted by the Ministry of Transport and Logistic Services, gathered industry leaders from the region October 12-14, 2024, at the King Abdullah Financial District.
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US approves new arms sale to KSA
- October 14,2024
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- SUSTG Team
Saudi Arabia has received clearance from the U.S. State Department to purchase missiles, ammunition and other weapon systems via three foreign military sale transactions worth potentially $1.05 billion.
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Minister of Investment leads investor delegation to Pakistan
- October 11,2024
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- SUSTG Team
A Saudi investor delegation headed by Minister of Investment Khalid Al-Falih is concluding a three-day visit to Pakistan. The delegation includes officials and companies from various sectors including energy, mining, minerals, agriculture, business, tourism, industry and manpower.
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MUST-READS
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Saudi foreign minister: A two-state solution is more urgent than ever
A two-state solution is not merely an ideal; it is the only viable path to ensuring Palestine, Israel and the region’s long-term security. Uncontrolled escalatory cycles are the building blocks of wider war. In Lebanon, we are witnessing this first hand. Peace cannot be built on a foundation of occupation and resentment; true security for Israel will come from recognising the legitimate rights of the Palestinian people. By embracing a solution that allows both peoples to coexist in peace, we can dismantle the cycle of violence that has entrapped both sides for far too long.
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Iran’s ‘Axis of Resistance’ Outmatched By Israeli Intelligence And Weapons
Past experiences suggest that Iran’s response will be cautious unless it has confidence that it can catch Israel off guard. That certainly occurred last Oct. 7, when Hamas stormed out of Gaza into southern Israel, killed 1200 Israelis, and took several hundred as hostages. But more recently, the intelligence advantage has been on Israel’s side, as evidenced by the methodical takedown of Hezbollah communications and personnel.
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How NEOM Green Hydrogen Company is championing Saudi Arabia’s clean energy transition
“For the future, the keyword is reinforcement,” he said. “We build our policy, procedures and framework around starting the operations and continuing the operations to be environmentally friendly.” NGHC’s ambitions extend far beyond the borders of Saudi Arabia. The project aims to position the Kingdom as a global leader in hydrogen production, while also creating thousands of new jobs and stimulating local economies.
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Foreign Minister Delivers Saudi Arabia’s Speech at the 79th Session of the UN General Assembly
Our world today is witnessing many crises exacerbated by the satisfaction of managing them without finding practical solutions to address them. This is due to the laxity of practical international efforts and selectivity in implementing international law and international humanitarian law. This has resulted in the expansion of the circle of violence and conflicts and the threat to the principles of international legitimacy. This requires us to adhere to the principles and foundations set by the United Nations Charter, work together, and focus on long-term peaceful solutions that ensure the protection of civilians, end fighting and wars, and provide security and development regionally and internationally.
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Iraq calls for emergency Arab, Islamic summit to halt Israeli aggression on Lebanon
Iraq’s Foreign Minister, Fuad Hussein, yesterday proposed holding an emergency Arab and Islamic summit aimed at “unifying efforts to halt Israeli aggression” in Lebanon, Anadolu reported. Since Monday morning, the Israeli military has launched what is described as its “most intense and wide-ranging” assault on Lebanon since hostilities with Hezbollah began nearly a year ago. The attacks resulted in 569 deaths, including 50 children and 94 women, and left 1,835 wounded, according to the Lebanese Ministry of Health.
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How the convergence of AI and 5G is transforming Saudi Arabia’s smart technologies
According to a recent PwC report called “The Smarter Phone,” AI-enabled smartphones are already integrating with daily activities, leveraging predictive analytics to automate routine processes and provide real-time solutions. AI-powered assistants, image recognition and voice command systems are increasingly becoming integral parts of mobile devices, enabling more intuitive user interfaces and features such as facial recognition, automated photo sorting and smart scheduling.
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Device detonations reveal ‘incredible’ intelligence abilities: ex-NSA chief
The perpetrators “had incredible ability to do targeting intelligence and to be able to actually know the numbers, know who’s got them, [and] know the periodicity upon which they’re using them,” said Paul Nakasone, the former director of the National Security Agency and four-star commander of U.S. Cyber Command.
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The Economic Impact of Generative AI Use: The Future of Work in the Kingdom of Saudi Arabia
This study estimates that using generative AI to transform the way work is currently done in the Saudi private sector economy, excluding government agencies, can potentially unlock USD133.6 billion of productive capacity, equivalent to the size of its manufacturing industry. This estimate does not specify a timeframe for achieving this uplift but illustrates the potential gains for the economy should full adoption be achieved.
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Microsoft and partners to generate $24 billion in Saudi Arabia over next four years, says IDC study
Microsoft, along with its partners and cloud-utilizing customers, is projected to generate approximately $24 billion in additional revenue above the 2022 figures over the next four years, according to a recent study from IDC. The same research indicates that by 2026, Microsoft’s partner ecosystem will earn roughly $8 for every $1 of revenue generated by Microsoft’s cloud services. This presents significant opportunities for partners in the Kingdom to enhance their revenues, increase local content contributions, and expand their customer bases.
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Saudi Arabia’s NEOM Green Hydrogen Plant launches mass recruitment drive
NEOM Green Hydrogen Company (NGHC) has initiated a major recruitment campaign for its world-leading green hydrogen plant in Saudi Arabia’s futuristic city NEOM, as the project moves closer to its operational phase. The $8.4 billion facility, set to be the world’s largest green hydrogen production plant, is progressing on schedule for full operations by the end of 2026. The project aims to produce up to 600 tonnes of carbon-free hydrogen daily, potentially eliminating five million tonnes of CO2 emissions annually
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