SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

Recent stories from sustg

MUST-READS

  • How the Turkey earthquake tore a 300-kilometre rupture in the Earth’s surface

    “These were very large and powerful earthquakes that ruptured all the way up to the surface over a long series of fault segments,” Eric Fielding, a geophysicist at NASA’s Jet Propulsion Laboratory, said in a statement on the agency’s Earth Observatory website. “This generated extremely strong shaking over a very large area that hit many cities and towns full of people,” he said. “The rupture length and magnitude of the magnitude 7.8 earthquake was similar to the 1906 earthquake that destroyed San Francisco.”

  • Lydia Ko Clinches Third Victory in Four Starts at Aramco Saudi Ladies International

    With a win at the Aramco Saudi Ladies International, Lydia Ko started her 2023 season just as the world No. 1 should. After starting Sunday one shot back, a final-round 68 led the New Zealander to a one-shot triumph over India’s Aditi Ashok. Ko will take home a winner’s check of $750,000 as she ticks off her third win in four starts. Ko wrapped up her competitive stretch in 2022 with wins at the BMW Ladies Championship and the CME Group Tour Championship, where she collected the richest prize in women’s golf history.

  • How China Became Saudi Arabia’s Largest Trading Partner

    Back in 2001, Saudi Arabia’s trade with China was a mere fraction—just one-tenth—of its combined trade with the EU and United States. While the total value of trade was modest at this time, it’s been increasing consistently almost every year since. By the year 2011, China had surpassed the U.S. for the first time in bilateral trade value with Saudi Arabia. Then by 2018, trade between China and Saudi Arabia surpassed the Middle-Eastern country’s trade with the entire EU.

  • Earthquake of 4.1 magnitude strikes southeast Saudi Arabia

    An earthquake measuring 4.1 magnitude on the Richter scale struck southeastern Saudi Arabia. The Saudi Geological Survey (SGS) said in a press statement Sunday that the earthquake occurred at a depth of 16 km, and it is about 240 km from the Saudi border. SGS spokesperson Tariq Aba Al-Khail affirmed that the earthquake had no impact on Saudi lands and was not dangerous due to its remote location.

  • Saudi’s PIF pouring more money into Electronic Arts, Take-Two

    Saudi Arabia’s Public Investment Fund (PIF) has again increased its investment in video game companies Electronic Arts (EA) and Take-Two Interactive just days after increasing its stake in Nintendo. The Mario maker sold another 1.01 percent stake in their company to PIF. Saudi’s PIF bolstered its stronghold in EA from 5.1 to 5.8 percent after acquiring 2 million shares as 2022 came to a close. After purchasing almost 3 million shares, the fund’s investment in Take-Two jumped from 5.3 to 6.8 percent as well in 2022. As of February 2021, the Saudi PIF had already invested roughly $3.3 billion into EA, Take-Two, and Activision Blizzard.

  • World Defense Show reaffirms strategic partnership with Saudi Arabia’s military industries in five-year deal

    The World Defense Show, which will be held on Feb. 4-8, 2024, has extended its partnership with Saudi Arabian Military Industries as its national strategic partner for the event’s next three events. Following the successful inaugural edition in 2022 that saw SR29.7 billion ($7.916 million) worth of deals being signed, the second event will be held next year, with an aim to provide a platform to exchange knowledge and technology for local and international firms operating in the defense sector. SAMI’s objectives are aligned with the World Defense Show’s efforts to support localizing more than 50 percent of its defense spending by 2030, as outlined in the Saudi Vision 2030, a press statement read.

  • Neom The Line partners: SNC-Lavalin, Jacobs and Jasara win new deals for 170km linear city

    SNC-Lavalin, Jacobs and Jasara have been confirmed as Neom The Line partners. The international and local firms will support as delivery partners for the Saudi Arabian Neom gigaproject’s The Line linear city. SNC-Lavalin has been awarded a five-year contract under a framework agreement for consultancy services on The Line.

  • Atlantic Council’s inaugural Rafik Hariri Awards to honor Arab leaders in business, social entrepreneurship, and arts

    In a ceremony to be held at Washington, D.C.’s John F. Kennedy Center for the Performing Arts, Rafik Hariri Award recipients will include: Sir Magdi Yacoub, founder of the Magdi Yacoub Global Heart Foundation, Magdi Yacoub Foundation, and Chain of Hope for the Social Impact Award; Fatma Said, award-winning soprano for the Artistic Excellence Award; and Ahmad Abu Ghazaleh, executive vice chairman of Abdali Hospital for the Business Leadership Award.

  • Turkey promises swift reconstruction after earthquake, Syrians seek aid

    Turkey said it would demolish buildings heavily damaged by a huge earthquake last week and swiftly start a mammoth reconstruction effort, with thousands of families struggling to survive amid the rubble and freezing conditions. Rescuers, who flew in to save people trapped in the debris, were starting to pack, although one woman was pulled out of a collapsed building on Wednesday after being buried for 222 hours.

  • U.S. cautious on Syria earthquake diplomacy

    On Feb. 13, a week after the devastating quake, the regime of Syrian dictator Bashar al-Assad struck a deal with the United Nations to open two additional crossings into the country from Turkey to facilitate getting humanitarian aid in, though Syrian opposition groups, and not the regime, control the territory where the aid crossings are located. In the earthquake response, some analysts see Assad pursuing an opening to try to restore his international recognition, after he has faced a decade of pariah status for killing millions of his own citizens in Syria’s civil war, including with chemical weapons.