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Jadwa Investment Launches $266m Fund to Invest in Riyadh’s Real Estate Market
- April 6,2021
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- SUSTG Team
Saudi Arabia’s Jadwa Investment has reportedly launched a $266m fund to invest in Riyadh’s real estate market, hoping to develop more than 1,500 residential units through several apartment complexes, targeting mid- to high-income households, the UAE-based The National reports.
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Vice Media Group to Partner with SRMG, Open Office in New Trendy Arts and Culture District in Riyadh
- April 2,2021
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- SUSTG Team
Edgy global media brand VICE Media Group today unveiled the expansion of its commercial operations into Riyadh with the launch of a new local office and partnership with top Saudi media brand, the Saudi Research and Marketing Group (SRMG).
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Could Saudi Arabia’s Recycling Sector Be Worth More than $18bn?
- April 1,2021
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- SUSTG Team
The CEO of Saudi Arabia’s biggest waste company, Saudi Investment Recycling Company (SIRC), said that the Kingdom’s recycling market size could reach $18 billion as the sector remains underdeveloped, according to a report Arab News.
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Unemployment for Saudi Nationals Nears Pre-Pandemic Levels in Q4 2020
- March 31,2021
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- SUSTG Team
Unemployment among Saudi nationals fell to 12.6% in the fourth quarter, “moving closer to pre-pandemic levels as coronavirus cases in the kingdom declined and business picked up,” Bloomberg reports, citing data from the General Authority for Statistics. The figure represents a drop of 2.3% from 14.9% in the Q3 2020.
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‘Red Sea Rainforests’: Astronaut Captures Striking View of Saudi Arabia’s Northwest Coastline from Space Station
- March 30,2021
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- SUSTG Team
An astronaut captured a striking view of the northwest coastline of Saudi Arabia, showing the extent of a coral reef where Saudi Arabia hopes to boost sustainable tourism and where up to 260 reef species thrive, according to a post the NASA Earth Observatory blog.
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Saudi Crown Prince Announces Two Massive Green Initiatives to Fight Climate Change
- March 29,2021
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman launched two initiatives over the weekend to make Saudi Arabia a significant contributor in the global fight against climate change, the Saudi Press Agency reports.
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US-based Railcar Company Greenbrier the Latest to Move Regional HQ to Riyadh
- March 25,2021
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- SUSTG Team
US-based railcar company Greenbrier is one of the latest American companies to be moving or building their regional Headquarters in Riyadh, the company said, as it looks to profit off the opportunities presented by the Kingdom’s Vision 2030 economic and social reform plans. The NYSE-listed Greenbrier is one of 24 companies that have recently agreed […]
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Princess Reema bint Bandar Headlines 2nd Day of Virtual U.S.-Saudi Business Forum; Calls for a ‘Restart’ in U.S.-Saudi Relations
- March 24,2021
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- SUSTG Team
Saudi Arabia’s Ambassador to the United States, Princess Reema bint Bandar Al-Saud, gave the keynote address this morning at the virtual U.S.-Saudi Business forum and discussed the path forward for U.S.-Saudi business and diplomatic relations, women empowerment, and rebounding from the effects of the pandemic on the global and local economy. The comments, delivered virtually […]
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Japanese Firm Eyes Saudi Arabia as Next Mega-Solar Project Destination – Report
- March 23,2021
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- SUSTG Team
Japanese trading house Marubeni is looking to open a megasolar plant in Saudi Arabia by June 2023, the company’s first solar project in the country and fourth in the Middle East, the Japanese news website Nikkei reports. Marubeni has formed a joint venture with Saudi utility Al Jomaih Energy and Water for the plant, which is […]
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Yemen’s Iran-Backed Houthis Launch Another Drone Attack on Saudi Aramco Facilities in Riyadh
- March 19,2021
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- SUSTG Team
Yemen’s Iran-aligned Houthi group on Friday said it conducted yet another attack on a Saudi Aramco facility in Riyadh, in an attack comprising six armed drones, Reuters and the Saudi Press Agency report.
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MUST-READS
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War in Yemen: U.S. CongressLawmakers launch bipartisan effort to restrict U.S. arms sales to Saudi Arabia, citing war crimes in Yemen
Lawmakers from both sides of the aisle and both chambers of Congress are concerned about the U.S. government’s support for the Saudi war in Yemen, and have introduced legislation in hopes of protecting human rights.
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Saudi-TurkeyTurkish FM meets Saudi counterpart in Riyadh
The Turkish foreign minister met with his Saudi counterpart in the Saudi capital Riyadh Sunday.
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U.S.-GCCObama starts talks with Gulf leaders aimed at easing strains
U.S. President Barack Obama and Gulf Arab leaders started talks in Riyadh on Thursday at a summit aimed at forging joint action on perceived security threats from Iran and Islamic State, and at ironing out strains in their old alliance.
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Obama Visit: April 2016Obama meets with King Salman at start of Saudi Arabia visit
President Barack Obama opened a brief trip to Saudi Arabia on Wednesday with a one-on-one meeting with King Salman in Riyadh.
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War in YemenPrecarious truce starts in Yemen, fighting reported in Taiz
A shaky truce took hold in Yemen on Monday under a U.N.-backed effort to end a war that has made the country a front in Saudi Arabia's region wide rivalry with Iran and caused one of the world's worst humanitarian crises.
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TurkeyPentagon and State Department order families of U.S. troops and diplomats to leave Turkey
The United States will withdraw virtually all family members of U.S. troops and diplomats from its installations in Turkey, U.S. officials said Tuesday, citing security concerns as the campaign against the Islamic State continues.
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Contemporary ArtBold Contemporary-Art Scene Emerges in Saudi Arabia
That such artists, and their brand of art, is flourishing in Saudi Arabia is a sign of the country’s many contradictions.
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Art and CultureA Saudi Artist Reconstructs Her Father’s Memories
Memories are tricky. They are powerful but very fragile. We rely on them heavily to go about our lives (albeit, these days, with some technological assistance). And we’re not sure why some mundane moments are captured while others we deem important are forgotten the instant we click “share.”
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SyriaSyria regime says will attend peace talks starting March 14
The United Nations is hoping to restart peace talks that collapsed last month, building on a ceasefire that has led to the first significant decline in violence in Syria's nearly five-year civil war.
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Saudi Stock MarketSaudi Stocks Make `Death Cross’ for First Time Since 2007: Chart
Here’s the latest evidence that the rout in oil prices is taking a toll on the Saudi stock market. The 50-week moving average on the Tadawul All Share Index has crossed below the 200-week mean for the first time since the global financial crisis, forming a so-called death-cross pattern that signals the selloff in Riyadh over the last 12 months has been faster than in the past four years.
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