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Recent stories from sustg
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Rents for Office Space in Riyadh Climb as Kingdom Pushes Local Headquarters Drive
- November 10,2021
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- SUSTG Team
Rents for premium office spaces in Riyadh rose over the last year, evidence that Saudi Arabia’s push to get international companies to make their regional headquarters in the Kingdom is starting to show results.
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Archaeologists in Saudi Arabia Excavate for Remnants of Ancient Kingdoms – Report
- November 2,2021
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- SUSTG Team
A team of French and Saudi archaeologists has begun work on excavating near Al-Ula in Saudi Arabia in hopes of discovering the remnants of the ancient and long-forgotten kingdoms of Dadan and Lihyan, according to a Reuters report.
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Saudi FM Prince Faisal bin Farhan, Ambassador Reema bint Bandar Meet with Secretary of State Blinken in Washington
- October 15,2021
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- SUSTG Team
Saudi Foreign Minister Prince Faisal bin Farhan Al Saud and Saudi Ambassador to the United States Princess Reema Bint Bandar Al-Saud met with U.S. Secretary of State Antony Blinken in Washington on Thursday, and “exchanged views on Iran’s nuclear program and international talks on the matter,” according to a statement from Saudi Arabia’s foreign ministry […]
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Premiere League Set to Give Saudi Green Light for Newcastle Takeover
- October 7,2021
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- SUSTG Team
Saudi Arabia’s PIF has cleared a significant hurdle in its quest to acquire a reported 80 percent stake in Newcastle United, according to reports.
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Saudi Arabia’s Tadawul Likely to End 2021 With 30 New Listings This Year – CMA Head
- September 27,2021
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- SUSTG Team
Saudi Arabia’s stock exchange will likely end the year with more than 30 new listings as the Kingdom’s IPO bonanza in 2021 continues, according to comments from the Kingdom’s head of its Capital Markets Authority Mohammed El-Kuwaiz. El-Kuwaiz made the comments on Monday at a conference in Riyadh, according to Reuters.
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Crown Prince Launches Major Education Reform with ‘Human Capability Development Program’
- September 16,2021
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- SUSTG Team
Saudi Arabia is set to undertake a top-to-bottom overhaul of the Kingdom’s education system to better prepare citizens to find jobs and tackle intolerance, according to an announcement on the Vision 2030 website and other reports.
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Non-Oil Sector in Saudi Arabia Loses Some Steam in Latest Figures as Kingdom’s Economy Continues to Grow
- September 13,2021
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- SUSTG Team
Saudi Arabia’s economy posted a 1.8% annual growth figure for the second quarter but the non-oil sector lost steam, according to official gross domestic product (GDP) estimates shared in a Reuters report on Monday.
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Bloomberg Report: Saudi Arabia Continues to Combat Pandemic with ‘World’s Toughest Rules’
- September 1,2021
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- SUSTG Team
Since the start of the global pandemic last year, Saudi Arabia’s authorities and leadership have implemented progressive policies to help the Kingdom mitigate the spread of the Coronavirus within its borders. From imposing strict fines for individuals and businesses who flaunt rules on mask mandates and distancing requirements to shutting down international travel, and even all but cancelling […]
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Saudi Economy: Jadwa Investment Revises 2021 GDP Forecast Upward as Activity Rises
- August 26,2021
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- SUSTG Team
With both oil and non-oil economic activity in Saudi Arabia growing as the Kingdom’s economy bounces back from the pandemic, Riyadh-based Jadwa Investment said in a research note that it will upgrade Saudi Arabia’s 2021 forecasted GDP.
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Saudi Arabia’s Public Investment Fund Raises Stake in California-Based Activision Blizzard Inc.
- August 18,2021
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) significantly increased its stake in California-based entertainment and games company Activision Blizzard Inc. last quarter, buying 37.9 million shares with a market value of $3.6 billion, according to Bloomberg.
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MUST-READS
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Congress affirms Biden’s presidential win following riot at U.S. Capitol
The lawmakers convened Wednesday evening, after hours of delay, in a show of defiance. House Speaker Nancy Pelosi said she had consulted with fellow congressional leaders, the Pentagon, the Justice Department and Vice President Pence before concluding that Congress should move ahead with the ceremony interrupted earlier in the day by rioters provoked to action by Trump at a morning rally.
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U.S. hits Iran with fresh sanctions as Trump term nears end
The U.S. Treasury Department, in a statement, named the China-based company as Kaifeng Pingmei New Carbon Materials Technology Co Ltd. (KFCC), saying it specialized in the manufacture of carbon materials and provided thousands of metric tonnes of materials to Iranian steel companies between December 2019 and June 2020.
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U.S. Imports No Saudi Crude Oil for First Time in 35 Years
The U.S. didn’t import any Saudi crude last week for the first time in 35 years, a reversal from just months ago when the Kingdom threatened to upend the American energy industry by unleashing a tsunami of exports into a market decimated by the pandemic.
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Oil hits highest since late Feb on Saudi cuts, U.S. stock draw
Oil prices hit their highest since late February on Thursday after a fall in U.S. stockpiles added further support following the unilateral decision by Saudi Arabia to cut output.
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Saudi Arabia, Qatar to sign U.S.-brokered deal to ease Gulf crisis
The leaders are going to sign an agreement that includes three confidence-building measures: Saudi Arabia, UAE and Bahrain will lift the air and sea blockade of Qatar; Qatar will withdraw all lawsuits against its three Gulf neighbors; and all parties will stop their media campaigns against each other.
- CNN - Saudi Arabia and Qatar agree to reopen airspace and maritime borders
- Arab News - Relief for stranded travelers as Saudi Arabia reopens airspace
- NYT (Paywall) - Saudi Arabia Will Reopen Borders With Qatar, Easing a Regional Rift
- Reuters - Gulf economy gets a boost from healing of Saudi-Qatar rift
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U.S. bomber mission over Persian Gulf aimed at cautioning Iran
One senior U.S. military officer said the flight by two Air Force B-52 bombers was in response to signals that Iran may be planning attacks against U.S. allied targets in neighboring Iraq or elsewhere in the region in coming days, even as President-elect Joe Biden prepares to take office. The officer was not authorized to publicly discuss internal assessments based on sensitive intelligence and spoke on condition of anonymity.
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Oil Drilling in U.S. Ends Fraught 2020 at Pre-Shale Levels
The crisis that enveloped the oil industry in 2020 can be measured in various ways, but in the U.S. there may be no better single gauge than the tally of drilling rigs operating across the world’s largest producer.
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U.S. sees new signs of advanced planning for an Iran-linked attack on American interests
“The United States continues to deploy combat-ready capabilities into the U.S. Central Command area of responsibility to deter any potential adversary, and make clear that we are ready and able to respond to any aggression directed at Americans or our interests,” said Gen. Kenneth “Frank” McKenzie, the chief of U.S. Central Command. “We do not seek conflict, but no one should underestimate our ability to defend our forces or to act decisively in response to any attack.”
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Somalia’s Danab special forces fear politicization after U.S. troop withdrawal
The United States has invested billions of dollars in Somalia over the past decade, in part to build and train Danab, the only effective, apolitical fighting unit in the country's war against al-Qaeda-affiliated al-Shabab.
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Israel gives Pollard, its former spy in U.S., warm but low-key homecoming
A former U.S. Navy analyst who served 30 years in prison for spying on behalf of Israel emigrated there on Wednesday to a warm but low-key welcome by Prime Minister Benjamin Netanyahu. Jonathan Pollard’s case put a rare strain on U.S.-Israel ties for decades. His predawn arrival, aboard a private jet, was not announced in advance - suggesting a bid to limit publicity.
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