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Saudi Arabia Crown Prince: U.S., Saudi Arabia Still ‘Brothers’, Says Differences Minimal
- April 28,2021
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- SUSTG Team
Crown Prince Mohammed bin Salman of Saudi Arabia said in televised remarks aired on Tuesday in the Kingdom that the United States was still a strong strategic partner under the Biden administration and that Riyadh and Washington had only a few differences which it was working to resolve.
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Saudi Arabia Sees a Surge in Foreign Investment into the Kingdom in 2020 Despite the Global Pandemic
- April 26,2021
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- SUSTG Team
Saudi Arabia saw a surge in total foreign investment into the Kingdom despite a global economic slowdown in 2020, official data from the Saudi central bank confirmed. Foreign investment in Saudi Arabia passed the SR2 trillion ($0.53 trillion) mark for the first time at the end of 2020, despite the financial impact of the COVID-19 […]
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Saudi Arabia Confirms Lifting General Travel Ban May 17; U.S. Among 20 Countries to Remain on List
- April 23,2021
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- SUSTG Team
Saudi Arabia confirmed that it would resume international flights at 1 a.m. on May 17, but will exclude 20 countries where the ban on flights continues as part of preventive measures to curb the spread of the coronavirus disease (COVID-19), Saudia airline said.
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Second Round of Saudi-Iran Talks Planned, Sources Tell Reuters; Both Sides Mum
- April 22,2021
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- SUSTG Team
Saudi and Iranian officials plan further direct talks this month, unnamed sources told Reuters, with the aim of easing tensions between the Middle East arch-rivals in a significant move for regional stability.
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In Latest Saudi Labor Figures, Women Lead Overall Drop in Unemployment
- April 21,2021
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- SUSTG Team
A recently-released report on the Saudi labor market, using figures from Q4 2020, showed a sizable drop in unemployment among Saudis from the previous quarter, according to Jadwa Investment, citing official government data. The General Authority for Statistics’ (GaStat) latest labor market release shows that unemployment in Saudi Arabia declined 2.3%, to 12.6% in Q4 2020, down […]
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Saudi Arabia Red Sea Development Co. On Track to Clinch $3.7 ‘Green Loan’ from Local Banks
- April 20,2021
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- SUSTG Team
Saudi Arabia could be just weeks away from clinching the first significant funding package for a key part of Crown Prince Mohammed bin Salman’s program to diversify the Kingdom’s economy, Bloomberg reports. The Red Sea Development Co.’s 14 billion-riyal ($3.7 billion) loan is set to close with a small group of local banks including Saudi National […]
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Ramadan Moon Seen in Saudi Arabia, Holy Month Begins Tuesday
- April 13,2021
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- SUSTG Team
The Ramadan crescent moon has been sighted in Saudi Arabia, meaning the holy month will officially begin on Tuesday, April 13, according to an official announcement from the Kingdom’s Supreme Court.
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Saudi Arabia’s First Major Wind Farm Reaches Milestone as Renewables Push Continues
- April 12,2021
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- SUSTG Team
Saudi Arabia’s Dumat Al Jandal wind farm, its first major wind energy installation and part of a broader mix of national renewable energy solutions, has reached the 50 percent completion mark, according to reports.
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Crown Prince Mohammed bin Salman Opens Sakaka Solar Plant; Announces 7 More Projects
- April 9,2021
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman announced the opening of the Sakaka solar power plant on Thursday, and said that agreements have been signed for seven more solar power projects throughout the Kingdom, according to reports.
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Saudi Arabia’s Stock Market Revamps Corporate Structure Ahead of Highly-Anticipated IPO
- April 7,2021
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- SUSTG Team
Saudi Arabia’s stock exchange, the Tadawul, has announced a revamped corporate structure as it prepares for a much anticipated IPO, converting to a holding company called the Saudi Tadawul Group, according to reports. The change was announced by the Tadawul Group CEO Khalid al-Hussan said on Wednesday.
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MUST-READS
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Terrorism ReportIran Still Leading State Sponsor of Terrorism, U.S. State Department Reports
As in previous years, Iran was identified as the leading state sponsor of terrorism on account of its support for designated terrorist groups and proxy militias in Lebanon, Syria, and Iraq; the report also notes that Iran has been implicated in investigations of armed Shia political dissidents in Bahrain.
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Terror AttacksUS State Department: Global terror attacks down 13% in 2015
It attributed the 13% drop from 2014 to fewer attacks in Iraq, Pakistan and Nigeria, three of the five countries worst affected by terrorism.
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International Bond OfferingSaudi Arabia’s Late Arrival to Eurobond Party Comes With a Cost
When the kingdom invited banks last week to pitch to underwrite a bond issue, it joined the back of the line behind other Middle Eastern companies and states that have already raised $15 billion this year.
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Women's Political ParticipationThe changing face of women’s political participation in the Middle East
Despite regional authoritarian backsliding as some of the former ruling elite regain power, women’s social organization and political mobilization continue to have an impact in the region.
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Travel and TourismPartnerships ‘vital’ for tourism development
The country’s tourism industry would increasingly be run by independent bodies as part of the government’s bid to boost the sector, said Prince Sultan bin Salman, head of the Saudi Commission for Tourism and National Heritage (SCTNH), recently.
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SyriaSyria’s “monument men” save thousands of historic artifacts
But a trove of Palmyra's smaller treasures were saved by dedicated archaeologists -- Syria's very own Monument men and women, led by Chief of Antiquities Maamoun Abdulkarim.
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ExtremismSaudi forces kill IS ‘partisans’ in Mecca raid
The al-Okaz newspaper reported that Saudi forces surrounded a group of men in the Wadi Noman area south of the city.
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Anti-ISIS CampaignDefense Secretary Carter: American killed in combat in Iraq
Defense Secretary Ash Carter said Tuesday that an American serviceman has been killed near Irbil in Iraq.
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War in YemenYemeni government suspends participation in peace talks
The United Nations envoy for Yemen says the country's government delegation has suspended its participation in peace talks aimed at ending fighting in the impoverished Arab country.
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ConstructionDelayed payments to Saudi Arabia’s construction sector start to filter through
The Saudi government’s pledge to pay 70 per cent of the outstanding bills owed to the country’s construction sector is slowly starting to feed through to company accounts.
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