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Recent stories from sustg
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New PwC Report Highlights $119 Billion GDP Upside of Developing Homegrown ‘Tech Champions’ in Saudi Arabia
- June 6,2022
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- SUSTG Team
Gulf Cooperation Council (GCC) countries must develop ‘tech champions’ to compete with the U.S and China and add billions to their GDP by 2030, a new report by Strategy& Middle East, part of the PwC network, says.
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Crown Prince Mohammed bin Salman Visits Abu Dhabi Following Death of Sheikh Khalifa
- May 17,2022
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- SUSTG Team
Crown Prince Mohammed bin Salman of Saudi Arabia arrived in Abu Dhabi on Monday evening to offer his condolences on the death of Sheikh Khalifa bin Zayed Al Nahyan.
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High Oil Prices, Soaring Output Boost Aramco’s Profit to Nearly $40 Billion in 1Q
- May 16,2022
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- SUSTG Team
Saudi Aramco’s profit soared to nearly $40 billion in the first quarter of 2022, the highest since the company’s IPO, on the back of higher oil prices and increased output.
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US Removes Saudi Arabia from Intellectual Property Protection Concern List – Report
- May 2,2022
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- SUSTG Team
Saudi Arabia has been removed from a US watchlist of countries it deems are weak at enforcing Intellectual Property rules, a step toward removing a significant obstacle in attracting foreign investment into the Kingdom.
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Dr. Fatimah Alhamlan from KFSHRC and founder of Rofaida joins The 966, Biden’s pick for Ambassador to Saudi, and more…
- April 29,2022
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- SUSTG Team
In Episode 40, Dr. Fatimah Alhamlan from King Faisal Specialist Hospital and Research Center (KFSHRC) and founder of Rofaida, a Women’s Health Organization, joins The 966 to talk about her life’s journey that took her as a young woman from Medina to becoming an American-educated PHD researcher, Eisenhower fellow, and now as a leader at […]
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King & Spalding Paper Examines Impact of New Privatization Law in Saudi Arabia
- April 28,2022
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- SUSTG Team
A new paper from law firm King & Spalding summarizes the new Privatization Law in Saudi and seeks to assess its impact in its first twelve months, “including the extent to which it has achieved its stated objectives, as well as to highlight key takeaways for industry participants and lessons learned from our experience in procurement […]
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Saudi Arabia, Kuwait Invite Iran to Offshore Talks, SPA Says
- April 13,2022
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- SUSTG Team
Saudi Arabia and Kuwait invited Iran on Wednesday to hold negotiations to determine the eastern limit of a joint, energy-rich, offshore area, according to a report in Reuters, which cited the Saudi state-news agency SPA.
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Verstappen Edges Leclerc by Half a Second in Wild F1 Weekend in Jeddah
- March 28,2022
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- SUSTG Team
Max Verstappen edged out Charles Leclerc by half a second in a thrilling finish to a wild weekend which saw Saudi Arabia’s second-ever F1 race in Jeddah take place two days after a missile attack by Iran-backed Houthis hit a civilian facility a few miles from the race track.
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Foxconn Eyes Potential $9 Billion Saudi Facility at Neom; Green Hydrogen Moves Forward
- March 17,2022
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- SUSTG Team
Foxconn, the world’s largest contract assembler of consumer electronics, is in talks with Saudi officials about the prospect of opening a $9 billion factory in NEOM, according to a report in the Wall Street Journal.
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Security and Defense Expert David Des Roches Joins The 966 to Talk Ukraine and the Middle East
- March 4,2022
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- SUSTG Team
The hosts invite NDU professor and security expert Col. David Des Roches (Ret.) back on the program for episode 29 to discuss Russia’s invasion of Ukraine and how it impacts the Middle East, as well as the changing role of NATO and energy markets. The hosts and Des Roches also discuss Lucid’s new plant in […]
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MUST-READS
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NitaqatMinistry launch crackdown on ‘phantom Saudization’
Saudi Arabia is set to intensify efforts to defeat ‘phantom Saudization’ through dedicated human resource training, according Labour Minister Dr. Mufarrij Al-Haqbani.
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U.S. MilitaryThe Long Shadow of the Gulf War
Technologies that were rare and sophisticated in 1991 are now commonplace. Russia and China played catch-up with costly modernization programs while also seeking asymmetric counters to U.S. conventional advantages.
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ReutersSaudi weighed down by petrochemical sector, Egypt sags
The petrochemical sector was the main drag on Riyadh's stock index in early trade on Wednesday after oil extended its decline, while Egypt's benchmark retreated as investors' mood soured.
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Gulf Labor MarketsThe Perfect Storm: Labor Markets and Economic Downturn in the Gulf
Since the 1960s, the Arab Gulf states’ economic model has relied on foreign labor to build infrastructure, create and staff public institutions from schools to hospitals to police forces, and create a service sector that underpins much of social and cultural life in the region. Fifty years later, this system, in which the state has played the leading role in directing economic growth, faces a rocky transition.
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TurkeyTurkish army presses crackdown on Kurdish militants, Europe worried over rights
Turkey's military said on Monday it had killed 14 militants in a drive against the outlawed Kurdistan Workers Party (PKK) in the southeast as an envoy from the European parliament denounced what she said were rights abuses by Ankara.
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AnonymousAnonymous took down several government websites of Saudi Arabia
The #OpNimr campaign was launched in September 2015 to protest continuous violations of human rights. Anonymous targeted Saudi websites is in response to the death sentence handed down to 17-year-old Mohammed al-Nimr.
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Guantanamo BayHow Oman is helping Obama shut down Guantanamo Bay
Oman has become the primary destination for transferred prisoners, having accepted roughly half of the Guantanamo inmates released since January 2015.
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PalestinePalestinian government says willing to step down for unity
The Palestinian government said on Tuesday it was ready to step down to enable a new national unity government, as rivals Fatah and Hamas engaged in a new reconciliation effort.
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ConstructionSaudi Arabian builders delay payments amid state spending clampdown
Some Saudi Arabian construction companies are struggling to pay their staff on time in a sign of growing pressure on the economy from low oil prices, which are causing the government to slow spending on building projects.
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Sunni-ShiaTensions run high amid Saudi crackdown
“The people and the government are both waiting, ready to pounce,” said Mohammed al-Nimr, Sheikh Nimr’s brother. “There is only pessimism here now.”
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