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Kingdom Registers Surge in SME Contribution to GDP, a Top Goal of Vision 2030
- May 31,2021
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- SUSTG Team
The contribution of Small to Medium Enterprise businesses (SMEs) in Saudi Arabia to the Kingdom’s overall GDP has surged 45% since the launch of Vision 2030, according to a report in Zawya, citing official government data.
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With Pandemic Waning, Saudi Arabia Set to Resume Tourism Ambitions
- May 27,2021
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- SUSTG Team
Saudi Arabia plans to resume tourist visas “very soon” after suspending them months ago because of the coronavirus, a Saudi official told Bloomberg, as the Kingdom looks to resume its drive to attract tourists to visit historical sites and new attractions.
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With PIF Backing, Saudi Ports Behemoth Red Sea Gateway Terminal Looks for Big Investments Abroad
- May 26,2021
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- SUSTG Team
The operator of Saudi Arabia’s Red Sea Gateway Terminal (RGST) is looking to invest in ports in Africa and the Middle East, following backing from the Kingdom’s sovereign wealth fund (PIF), Bloomberg reports.
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Saudi Arabia Eyes $55 billion by 2025 Through Privatization Program, Al Jadaan Says
- May 25,2021
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- SUSTG Team
Saudi Arabia hopes to raise about $55 billion over the next four years with a revitalized privatization program, the country’s finance minister Mohammed Al-Jadaan told the London-based Financial Times in an interview published over the weekend.
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U.S. Blasts Houthi Leadership, Sanctions Two Top Commanders as Peace Talks Stall – Report
- May 21,2021
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- SUSTG Team
The Biden Administration announced new sanctions on two Houthi military officials, the U.S. Treasury Department said, taking action over the Iran-aligned movement’s offensive to seize Yemen’s gas-rich Marib region and lack of real commitment to finding a peaceful solution to the end of the war there.
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Saudis Surge Investments into U.S. Stock Market in Q1 2021 as Overseas Inflows Reach Record Highs
- May 20,2021
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- SUSTG Team
The total amount invested by Saudi traders in the U.S. stock market through companies licensed by the Capital Market Authority (CMA) surged 162 percent, year-on-year, to SR77.4 billion ($20.64 billion) in the first quarter, Zawya reports, citing data compiled by financial website Argaam.
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Saudi FM Faisal bin Farhan Acknowledges ‘Exploratory Talks’ with Iran; Kingdom is ‘Hopeful’
- May 19,2021
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- SUSTG Team
Saudi Arabia’s Foreign Minister HRH Prince Faisal bin Farhan acknowledged in an interview with the AFP that the Kingdom has held “exploratory talks” with regional rival Iran, and said that Saudi Arabia is “hopeful” that the talks in their early stages will lead to diplomatic progress.
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Saudi Arabia’s Ultra-Lux Amaala Resort May Raise Up to $2.7 Billion Next Year
- May 18,2021
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- SUSTG Team
Saudi Arabia’s ultra-luxury Amaala tourism project may raise up to 10 billion riyals ($2.7 billion) in 2022, the CEO of the company, John Pagano said in an interview on the sidelines of Arabian Travel Market in Dubai.
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Saudi Arabia Opens Up International Travel; Saudis Rejoice
- May 17,2021
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- SUSTG Team
Vaccinated Saudis will be allowed to leave the kingdom for the first time in more than a year on Monday as the country eases a ban on international travel, according to reports. The Ministry of Interior announced it will open land, sea, and air borders, allowing Saudi citizens to travel outside of the Kingdom beginning May […]
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As Construction Activity Picks Up, Prices of Building Materials in Saudi Arabia Soars
- May 14,2021
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- SUSTG Team
Prices of key construction materials in Q1 in Saudi Arabia soared to the highest prices in 12 years, with steel leading the increase as construction activity began to recover from the slowdown caused by the coronavirus disease pandemic last year.
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Saudi Binladen GroupSaudi builder Binladin says government started to pay dues
The Saudi finance ministry has resumed payments to Saudi Binladin Group (SBG), the kingdom's biggest construction firm, for its work on government projects, Saudi Okaz newspaper reported on Thursday, citing an adviser to the chairman.
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SyriaUK took part in strike that killed government troops
The UK took part in a recent air strike in Syria that killed dozens of government troops fighting the so-called Islamic State, the Ministry of Defence (MoD) has confirmed.
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Women in ArtsHow Saudi women are planning to take charge of the local arts scene
A new program has been launched by the British Council to help develop contemporary art curators in Saudi Arabia, with six Saudi female participants set to take part in the six-month Contemporary Collective program starting this month. They will acquire curatorial and practical management skills, such as planning events and reaching diverse audiences.
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U.S.-TurkeyJustice Department to Dispatch Team to Turkey for Gulen Probe
The U.S. Justice Department will dispatch a team to Turkey in coming days to pursue allegations by the Turkish government of criminal activity by Fethullah Gulen, an Obama administration official said Friday.
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IraqPromises unfulfilled: How a State Department plan to stabilize Iraq broke apart
Documents and interviews point to ambitious plans by State Department officials to take control of dozens of military-run programs in Iraq, from training assistance for Iraqi police to new intelligence-collection outposts in Mosul and other key Iraqi cities.
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Arts and CultureSaudi Minister of Culture: Establishment of Royal Art Academy Approved
Minister of Culture and Information Adel al-Turaifi has announced that a royal approval has been made to establish a Royal Academy of Arts that will include a national theatre, as part of the Kingdom’s strategy for national transformation.
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IraqIraq reaches agreement with oil companies to restart stalled investment in oil fields
Iraq has reached agreement with BP, Shell and Lukoil to restart stalled investment in oil fields the firms are developing, allowing projects that were halted this year to resume and crude production to increase in 2017, Iraqi oil officials said.
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It is unprecedented for us to focus so much energy and attention on a single story, and to ask our readers to do the same. We would not do so were we not convinced that what follows is one of the most clear-eyed, powerful and human explanations of what has gone wrong in this region that you will ever read.
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