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Saudi Crown Prince Promises Justice for ‘Heinous Crime’ of Khashoggi Murder, Touts Reform Progress
- October 25,2018
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- SUSTG Team
Crown Prince Mohammed bin Salman took the stage yesterday at the Future Investment Initiative conference in Riyadh, making his first public comments since the murder of Saudi journalist Jamal Khashoggi in Istanbul grabbed the world’s attention. The Crown Prince did not shy away from the topic, and opened with addressing what he and the Saudi […]
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Video: Bloomberg Interview with Head of the Saudi Stock Market Sarah Al-Suhaimi
- October 11,2018
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- SUSTG Team
Saudi Arabia’s head of its stock exchange, Sarah Al-Suhaimi, gave an interview with Bloomberg outlining her plans for the Tadawul at the Bloomberg Invest Summit in London. Al-Suhaimi is the first Saudi woman to chair the Saudi Arabian stock exchange, which is the largest stock market in the Middle East. [Click here to watch the interview on Bloomberg.com]
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Russia, Saudi Arabia Planned Rise in Production Before OPEC Meeting
- October 4,2018
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- SUSTG Team
Russia and Saudi Arabia have struck a deal to raise oil output from September through December to cool rising prices, according to Reuters. The deal, struck in private in September, was then shared with the United States before a meeting in Algiers with other producers, according to four sources familiar with the plan cited by Reuters. The […]
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Kingdom’s Finances Trending Positively as Higher Oil Enables Government to Increase Spending by 7% in 2019
- October 1,2018
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- SUSTG Team
Saudi Arabia’s Minister of Finance told reporters in Riyadh on Sunday the Kingdom would accelerate state spending next year in what he hopes will be a clear message to the private sector that the government is determined to support economic growth, according to reports. Saudi Arabia may spend SAR 100 billion ($26.6 billion) more than originally planned in 2019 […]
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PIF Launches Plans to Build Amaala, a Brand New ‘Ultra-Luxury’ Tourist Destination to Compete with Riviera
- September 27,2018
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) has announced the launch of Amaala, set to become an uber-luxury destination on the northwestern coast of Saudi Arabia that the Kingdom hopes will compete with the French Riviera for tourism dollars when completed. Amaala is a new 3,800 square kilometer project that aims to create an all-new concept […]
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Oil Reaches Four Year High after OPEC+ Downplays Calls for Increased Production
- September 25,2018
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- SUSTG Team
Oil rose to its highest price in four years on Tuesday, to above $81 on Brent, after Saudi Arabia and Russia appeared to downplay calls from the US to increase production. Saudi Arabia said it will boost its crude oil production “in the coming months” as it expects stronger demand, according to recent comments made by […]
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Saudi National Day Becomes Global Celebration
- September 24,2018
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- SUSTG Team
Buildings in Saudi Arabia and around the world were colored in the Saudi national color of green as millions celebrated the Kingdom’s 88th national day. The Burj Khalifa in the UAE was illuminated with the Saudi flag last night, while the Nasdaq Tower’s electronic billboard in New York’s Times Square was lit up with photos of […]
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Uptick in Saudi-Pakistan Relations Following Visit of New PM Khan to Riyadh
- September 21,2018
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- SUSTG Team
New Pakistani Prime Minister Imran Khan visited Saudi Arabia this week for meetings with high-level Saudi officials to discuss trade and diplomatic issues. Khan met directly with King Salman and Crown Prince Mohammed bin Salman during his visit. As a result of the Prime Minister’s meetings, Pakistan has reportedly invited Saudi Arabia to become the third […]
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Saudi Arabia’s SABIC Gets Green Light to Buy 24.99% stake in Clariant, Creates Joint Venture
- September 19,2018
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- SUSTG Team
Saudi Arabia’s SABIC has received a green light to go ahead with its planned acquisition of 24.99% of Swiss chemical company Clariant, and is now proceeding with a new joint venture with the company, according to the Wall Street Journal. SABIC will pay $2.5 billion for the stake and “now the two companies are creating […]
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75% of Riyadh Metro Project Work Completed, Riyadh Emir Says
- September 18,2018
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- SUSTG Team
Saudi Arabia’s ambitious and sprawling Riyadh metro project is 75% completed, Riyadh Emir Prince Faisal Bin Bandar said after chairing the Arriyadh Development Authority meeting on Monday. Prince Faisal, who is also the chairman of the board of directors of Arriyadh Development Authority and chairman of the supreme committee for supervision of the King Abdul […]
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MUST-READS
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IranIran’s Risky New Business Landscape
Reports abound of foreign investors flocking to Iran to size up the new market. Even so, the investment scene in Iran will not be a free-for-all. Investors must carefully gauge the risks of entering an untested business environment, and of falling foul of remaining US sanctions.
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Flooding in Saudi ArabiaRains cause flooding northwest of Saudi Arabia’s capital
Seasonal rains have caused flooding in a city northwest of Saudi Arabia's capital.
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Daesh10 Saudis fighting for Daesh captured in Iraq
Ten Saudis fighting for the Daesh terrorist organization have been captured by the Kurdish Peshmerga forces in Iraq during battle, an online newspaper reported on Sunday.
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War3 Americans Held Captive in Yemen Freed, Flown to Oman
Three Americans held captive by Shiite rebels in Yemen's capital have been freed and were flown to neighboring Oman, Oman's state news agency and officials in Yemen said Thursday.
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Islamic ExtremismGunmen attack luxury hotel in Mali capital, take 170 hostages
Gunmen stormed a luxury hotel in Mali’s capital on Friday, killing at least three people and taking about 170 hostages in a city that serves as a logistics hub for French forces helping in a fight against Islamist insurgents.
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DaeshIslamic State says it has executed two captives from Norway and China
Islamic State said it had killed a Norwegian and a Chinese captive, showing what appeared to be pictures of the dead men under a banner reading "Executed" in the latest edition of its English language magazine.
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Veterans Day 2015That’s no ordinary flag flying over the Capitol
The American flag that tops the Capitol on Veterans Day is the product of a year and a half of work by dozens of veterans involved in every aspect of planting and harvesting the hemp, spinning and dying the yarn, and embroidering the stars on the hand-woven 3-foot-by-5-foot flag.
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Saudi EconomySaudi economy capable of withstanding oil price slump: World Bank Gulf director
The Saudi economy is capable of withstanding any shocks caused by the current oil price slump, the World Bank’s Country Director for Gulf Countries Nadir Mohammed said on Monday.
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Captagon‘40% of young Saudi drug addicts taking Captagon’
A majority of drug users in the Kingdom fall in the 12-22 age group, and close to 40 percent of them rely on substances to fill a vacuum, says Abdelelah Mohammed Al-Sharif, secretary general of the National Committee for Narcotics Control and assistant director of Anti-Drug and Preventative Affairs.
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GazaA Photographer Captures Joy in Gaza
The subjects in Tanya Habjouqa’s photos laugh and play on Gaza beaches. They have fun. They smile. They also live with the realities of a closed border and a government run by Hamas. "One cannot just live on misery and drama," Habjouqa says. "You need comedy, happiness."
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