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Saudi Arabia is Improving its Air Defenses Against Missile Attacks
- March 11,2021
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- SUSTG Team
Saudi Arabia’s air defenses “appear to be coping better with long-range attacks on the kingdom,” defense and security publication IHS Jane’s said, as Saudi Arabia continues to fend off cross-border attacks from Yemen’s Iran-backed Houthis.
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Report: Lucid Motors Committed to Building Factory in Saudi Arabia after PIF Investment Round
- March 10,2021
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- SUSTG Team
A Wall Street Journal report on Tuesday revealed that the electric-car startup Lucid Motors Inc. has an “undisclosed commitment to build an assembly plant in Saudi Arabia, a potentially costly promise the company made after accepting more than $1 billion in financing from the Saudi Public Investment Fund in 2018.” The promise could be both […]
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Oil Rises to $69 a Barrel on Brent as OPEC+ Supply Curbs Boost Prices
- March 9,2021
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- SUSTG Team
Oil rose to around $69 a barrel on Tuesday, a day after jumping above $70 for the first time in over a year as investors focused on prospects for tighter supply due to extended OPEC+ output curbs and amid growing hopes of a recovery in demand, according to a report from Reuters.
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No Damage from Attempted Houthi Missile Attack on Saudi Aramco Facility, Oil Temporarily Spikes
- March 8,2021
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- SUSTG Team
An attempted Houthi missile and drone strike on a Saudi Aramco facility in Dhahran did not cause any loss of life or damage to property, but initial concern over the attack caused oil’s price to spike on international indices before paring back those gains, Saudi authorities said.
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Saudi Arabia Now the ‘Top Theatrical Market in the Middle East’ and is now a ‘Major Driver for Arabic Film Production’ – Variety
- March 5,2021
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- SUSTG Team
Saudi Arabia’s historic re-opening of cinemas three years ago was the start of a major cinema and film boom in the Kingdom, making the Kingdom “the top theatrical market in the Middle East and is turning into a major driver for Arabic film production,” a top Hollywood publication reports.
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U.S. Officials Hold First Direct Meeting with Iran-Backed Houthis in Bid to End War – Report
- March 4,2021
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- SUSTG Team
Senior U.S. officials have held a first direct meeting with officials from the Iran-backed Houthi organization that controls Yemen’s capital, Reuters reports, citing two sources familiar with the matter.
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OPEC+ Poised to Agree to Production Increase This Week as Oil Continues Climb
- March 3,2021
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- SUSTG Team
The OPEC+ group of oil producing nations is poised to agree to a production increase this week as it looks to add more supply as prices continue to recover from 2020 lows, according to reports. “There’s a widespread view within the group that the market can absorb additional barrels,” Bloomberg reports, citing people familiar with the […]
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Saudi Economy: Latest Economic Indicators Point to Evidence of Recovery — Jadwa Investment
- March 2,2021
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- SUSTG Team
Economic indicators for the Saudi economy from the month of January continued to point to a recovery in the non-oil sector, Jadwa Investment says in its latest Chartbook detailing the fundamentals of the Kingdom’s economy.
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‘New Launching-Off Point’ for U.S.-Saudi Ties: U.S. Imposes Sanctions, Visa Bans on Saudis for Khashoggi Killing, but Crown Prince Not Sanctioned
- March 1,2021
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- SUSTG Team
The Biden administration announced sanctions and visa bans on Friday targeting Saudi Arabian citizens over the 2018 killing of journalist Jamal Khashoggi, but stopped short of imposing sanctions on Crown Prince Mohammed bin Salman himself, Reuters reports. A senior Biden administration official, speaking on condition of anonymity to Reuters, said the approach aims to create […]
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President Joe Biden, Saudi Arabia’s King Salman Speak by Phone in First Call of New U.S. Administration
- February 26,2021
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- SUSTG Team
President Joseph R. Biden, Jr. spoke today with King Salman bin Abdulaziz al-Saud of Saudi Arabia to discuss the longstanding partnership between the United States and Saudi Arabia, the first such call between the two G20 nation leaders since Biden took office in January.
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MUST-READS
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Manufacturing40% of smartphone material made by Saudi Arabia
Saudi Arabia manufactures some 40% of innovative material used in smartphones, according to Minister of Communication and Information Technology Abdullah Al-Sawaha.
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Banking and FinanceStanChart gets approval to open unit in Saudi Arabia
Saudi Arabia's cabinet approved a license for Standard Chartered to open a unit in the kingdom, the state news agency reported on Tuesday.
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WataniSmartphone application launched to improve public agencies’ services in Saudi Arabia
A smartphone application to measure citizens’ satisfaction with government services was launched on Tuesday by the National Center for Performance Measurement (ADAA).
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U.S.-Saudi RelationsUS investigating whether Saudi Arabia gave third parties American-made weapons: report
Saudi Arabia and its coalition gave al Qaeda, Salafi militias and other factions in Yemen weapons that were produced by the United States, CNN reported Monday. The weapons have also reportedly been captured by Iranian-backed rebels groups fighting the coalition in Yemen, meaning they may be reverse-engineered for intelligence.
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Military ManufacturingGlobal Partnerships Bolster Military Manufacturing in Saudi Arabia
The Saudi Arabian Military Industries (SAMI) has signed establishment contracts of two commercial entities: French firm Thales and CMI Defense of Belgium.
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EntertainmentSaudi Arabia announces live music permits as part of ambitious ‘year of entertainment’
In his first press conference since he was appointed to the role, Turki Al-Sheikh unveiled a number of initiatives and projects
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Saudi WorkforceSaudi Arabia to partly pay private sector salaries of selected nationals
The programme aims to support the employment of jobless Saudi graduates, nationals in towns and villages with low population density, Saudi women and special needs individuals. The hiring will also support small and medium sized enterprises.
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Art and CultureMeet Saudi Arabia’s artist to the kings
During a lifetime at the easel, the unassuming Jeddah-based artist’s stunning creations have become the choice of kings.
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QatifSaudi Arabia pumps money into restive Shi’ite quarter
The government has spent more than $60 million to rebuild the 18-hectare (45-acre) al-Musawara and another $230 million to compensate residents for hundreds of razed homes. More money is being pumped in to rehabilitate schools, hospitals and malls as well as beaches, a fish market, and an old fort.
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NEOMSaudi Arabia to start first phase of Neom project
NEOM Bay will have white beaches with a "temperate climate" and designed to be eco-friendly and generate energy from renewable sources. Water desalination will be made without the disposal of harmful materials or residues to the marine environment.
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