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As Selected Hajj Pilgrims Arrive, Saudi Arabia Appears to Turn Corner on Coronavirus Cases
- July 27,2020
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- SUSTG Team
Saudi Arabia is seeing encouraging progress in the Kingdom’s efforts to stop the spread of Coronavirus, with a decrease in new cases and deaths right before the arrival of a limited number of pilgrims this year for the Hajj, according to official data.
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Report: Kingdom Owns a Majority Stake in Tesla Rival Lucid Motors
- June 26,2020
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- SUSTG Team
Saudi Arabia has amassed a more than 50% stake in California EV startup and Tesla rival Lucid Motors, according to a report in The Verge.
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AMAALA, the Luxury Planned Seaside Resort on Saudi Arabia’s Northwest Coast, Picks Impressive Design for International Airport
- June 25,2020
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- SUSTG Team
AMAALA, the ultra-luxury planned travel destination located along Saudi Arabia’s northwestern coast has unveiled plans for a new international airport, employing an impressive design “inspired by the optical illusion of a desert mirage.”
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Saudi Arabia Begins Return to Normal Life as Second Phase of Reopening Begins
- June 1,2020
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- SUSTG Team
Saudi Arabia has begun the second of three phases in reopening businesses, retail, and restaurants after a Kingdom-wide shutdown to stop the spread of the Coronavirus.
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Saudi Arabia’s progress toward food security, water conservation accelerated by Coronavirus crisis
- May 13,2020
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- SUSTG Team
Saudi Arabia is adjusting to the new realities of the Coronavirus by making strategic investments domestically and internationally into its food supply and agriculture sectors, according to reports.
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Russia, Saudi Arabia and OPEC Reach Deal for Historic Production Cuts
- April 13,2020
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- SUSTG Team
Russia, Saudi Arabia and OPEC reached a historic deal on oil production cuts over the weekend, agreeing to cut almost 10 percent of global supply with Russia and Saudi Arabia bearing the brunt of the cuts.
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Saudi-Russia Still in Communication on Oil Policy; Former Minister Al-Falih Speaks with Russia’s Novak
- March 10,2020
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- SUSTG Team
Saudi Arabia and Russia dug in on the potential for an oil price war on Tuesday, with each indicating they are willing and able to open the spigots after the two sides failed to reach an agreement on supply curbs which sent global markets to major losses, according to reports. On Tuesday, the Kingdom’s state-run Saudi Arabian […]
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Saudi Arabia takes cautious approach on Coronavirus as Kingdom suspends entry for Umrah pilgrimage, tourism
- February 27,2020
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- SUSTG Team
Saudi Arabia has temporarily suspended arrivals by foreigners for the Umrah pilgrimage and tourists from two dozen countries where the new coronavirus has spread, according to a report in Reuters, in hopes that the Kingdom might stay head of the looming threat of a pandemic.
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Saudi Aramco Makes $5 million Investment in Blockchain-Based Oil Trading Company VAKT
- January 28,2020
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- SUSTG Team
Saudi Aramco Energy Ventures (SAEV) has invested $5 million into blockchain-based oil trading company VAKT, the company said in a press release.
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Saudi Health Officials, Experienced with MERS-CoV, Take Preventative Measures against New ‘Wuhan’ Coronavirus
- January 23,2020
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- SUSTG Team
Officials in Saudi Arabia are taking precautions to stop the spread of a new coronavirus from China, screening arriving passengers and nurses to prevent a public health threat, according to reports.
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MUST-READS
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88% young Saudi consumers pitch for shopping, travel
Saudi Arabia’s residents are eager to resume their normal lives, with 88% of those age 25-34 saying they are ready to embrace pre-pandemic shopping, travel, and holiday experiences.
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Saudi Arabia reports 12th MERS coronavirus case of 2021
The patient is a 69-year-old man from Riyadh. He reportedly had contact with camels.
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Generation Start-up: how this Saudi company is helping farmers cut water use
For a company that started out as a way for two researchers from the King Abdullah University of Science and Technology, or Kaust, to apply their research, Red Sea Farms has come a long way. Earlier this month, the Saudi Arabia-based agriculture technology start-up raised a total of $16 million from an enviable roster of investors. But ask its chief executive Ryan Lefers and he admits that it was not always easy for him and his co-founder Mark Tester to approach investors with their basic premise – to use salt water in agriculture.
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Saudi Arabia to unveil tech initiatives for programmers and entrepreneurs
Saudi Arabia, Opec’s top oil exporter, is trying to develop its technology sector and boost its digital economy. The kingdom regards digital transformation to be among the central pillars of its Vision 2030 agenda that aims to cut its dependence on oil.
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6 in 10 Saudi consumers expect to return to pre-COVID normality in the next 6 months
The results reveal that as spending habits continue to evolve, consumers in the Kingdom stay cautious, with 57% expecting the effects of the pandemic to last for the next 6 months. It also highlights that expenditure on essential items (which constitutes of food and grocery (F&B) as well as non-F&B items like health and wellness products) has shown a sustained increase with 45% of consumers moving to higher priced, better quality products, while spending on non-essentials (clothes, bags and accessories) continues to decline.
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Saudi Arabia: Taif man is 9th MERS case of 2021
The patient is a 63-year-old man from Almwaih City, Taif who had contact with camels. This is the ninth MERS case of 2021 in the Kingdom and the 10th overall (one in the United Arab Emirates).
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$10 million charity esports fest Gamers Without Borders is back
The Saudi E-Sports Federation has announced that the Kingdom of Saudi Arabia will host for the second consecutive year the international charity initiative “Gamers Without Borders”, which will be held between June 7 and Aug. 8, 2021, with total awards of $10 million that will be donated to support efforts to combat the coronavirus (COVID-19) pandemic.
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“Pandemic mindset” persists among global consumers – survey
People in the world’s leading economies remain overwhelmingly nervous about returning to life as normal, even after having being vaccinated against COVID-19, a survey released on Thursday found.
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Customers in Saudi Arabia still prefer visiting supermarkets: BinDawood CEO
With the two brands, BinDawood and Danube, BinDawood Holding has a network of 74 stores in 15 cities throughout Saudi Arabia. In 2019, the company announced plans to reach 100 stores by 2024, meaning an average of five to six stores per year. It is now looking at opportunities for expansion in terms of product offerings and within different formats.
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Consumers in Saudi Arabia opt for digital payments methods: Mastercard
The Mastercard New Payments Index shows 94% of consumers in Saudi Arabia will consider using at least one emerging payment method, such as cryptocurrency, biometrics, contactless, or QR code, in the next year. Over two-thirds of respondents (68%) agree they have tried a new payment method they would not have tried under normal circumstances, but the pandemic has galvanized people to try flexible new payment options to get what they want, when they want it.
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