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Latest Data: Improvements in Saudi Arabia’s Labor Market in Line with Pick-up in Overall Economic Activity
- February 3,2021
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- SUSTG Team
Unemployment in Saudi Arabia declined to 14.9 percent in Q3 2020, the latest date for which such data are available, down from 15.4 percent in Q2 2020, a recent report from the Riyadh-based Jadwa Investment finds, citing figures from the official General Authority for Statistics.
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Johnson Favored as Saudi Arabia Gears Up for 3rd Saudi Invitational; Nicklaus Agrees to Design New Course at Qiddiyah
- February 2,2021
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- SUSTG Team
Saudi Arabia’s flagship annual golf tournament begins Thursday with world number one golfer Dustin Johnson as the favorite to win at the Royal Greens Golf Club in King Abdullah Economic City, Saudi Arabia. The Saudi Invitational, presented by the Public Investment Fund offers a purse of €3,019,002 ($3,630,712.19), with the strongest-yet field of 138 players set to compete. 12 Major […]
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Saudi Arabia’s Non-Oil PMI Ended 2020 with ‘Remarkable Rise’, TASI Flat in January – Jadwa Investment
- February 1,2021
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- SUSTG Team
Saudi Arabia’s non-oil Purchasing Managers Index (PMI) ended the year with a “remarkable rise” in December, with the index hitting its highest reading since November 2019, Jadwa Investment said in its latest Chartbook publication dated February 2021.
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In Op-Ed, Ambassador Princess Reema bint Bandar Says Gender Equality Must Be A Global Priority
- January 29,2021
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- SUSTG Team
In a passionate op-ed published by Harper’s Bazaar Arabia, Saudi Ambassador to the U.S., H.R.H. Princess Reema Bint Bandar Al Saud urges leaders and others around the world to do more to support gender equality and argues “there is no better time to advance women’s roles in society than now.”
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In ‘Routine’ Action, New Biden Administration to Review Some Arms Sales from Previous Administration to Saudi Arabia, UAE
- January 28,2021
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- SUSTG Team
President Joe Biden’s administration has temporarily paused some pending arms sales to U.S. allies in order to review them, a move that is typical for most new incoming administrations, especially if arms sales are announced just hours before the outgoing administration departs.
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Future Investment Initiative Conference Opens with Impressive Virtual Platform for Distance Participation, Audience
- January 27,2021
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- SUSTG Team
Saudi Arabia’s annual flagship investment conference, the Future Investment Initiative, began today with both in-person and remote participation from speakers and audience on an impressive digital platform built to expand engagement in the conference around the world.
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Report: U.S. Exploring New Bases, Access in Saudi Arabia to Counter Iran Threat
- January 26,2021
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- SUSTG Team
The U.S. military is “exploring the possibility of using a Red Sea port in Saudi Arabia and an additional two airfields in the kingdom” amid heightened tensions with Iran, the military said Tuesday, part of a preliminary agreement reached between the U.S. and Riyadh, according to several reports.
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Saudi Arabia’s Public Investment Fund Launches 5-Year Strategy, Including VRP Program for 2021-2025
- January 25,2021
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) announced a new five-year investment strategy, including its own Vision Realization Program (VRP) 2021-2025, with the goal of doubling its assets to 4 trillion riyals ($1.07 trillion) by 2025, according to comments made by Crown Prince Mohammed bin Salman in a public appearance on Sunday.
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Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan Voices Optimism with U.S.-Saudi Relations under Biden Administration
- January 22,2021
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- SUSTG Team
Saudi Arabia’s foreign minister has voiced optimism that relations between Riyadh and Washington will be “excellent” under new U.S. President Joe Biden, Al-Arabiya TV channel cited him as saying on Thursday. Appointments made by Biden show “understanding of the common issues” by the new U.S. administration, Prince Faisal bin Farhan added.
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List of World’s Top Golfers Competing at Third Saudi International Grows as Kevin Na Commits
- January 21,2021
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- SUSTG Team
The field of competitors for next month’s Saudi International powered by Softbank Investment Advisers is growing as another top golfer in the world has joined some of the sports biggest names confirmed to compete in Saudi Arabia. Five-time PGA Tour winner Kevin Na, who won the PGA Tour’s Sony Open in Hawaii on Sunday, is […]
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MUST-READS
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Saudi - RussiaWhat Would A Saudi-Russian Partnership Mean For World Energy?
Given that U.S. and EU sanctions limit the transfer of new oil and gas technology to Russian state oil firms, the logical conclusion would be that Russia would seek Saudi technology related to enhanced oil and gas recovery and advanced drilling, especially for use in the older fields in West Siberia. With a growing list of global research centers in Beijing, Houston, Aberdeen, Massachusetts and others, Saudi Arabia’s national oil company Aramco is the biggest global investor in new oil and gas technologies.
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WomenThis artist mapped the strange phenomenon of women dying on Saudi Arabian highways
In 2009, Saudi Arabia was named the most dangerous place in the world to drive by the World Health Organization. And even though there’s a ban on women driving in the country, a disproportionate number of the road fatalities are female teachers.
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Jason RezaianTrial of Iranian-American journalist to start in Tehran on May 26: ISNA
The trial of jailed Iranian-American journalist Jason Rezaian will begin on May 26 at a court in Tehran, a judicial spokesman told a semi-official news agency on Tuesday, without elaborating on the charges against him.
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Startups8 promising hardware startups from the MENA region
Hardware based startups, the building of physical products that change the way we live, continue to play a crucial role in shaping our world. Over the last few years a number of promising hardware startups have emerged from the MENA region led by a movement of enthusiastic builders and makers.
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War in YemenYemen aid starts to flow as truce mostly holds
A five-day truce in Yemen appeared to be broadly holding on Wednesday, despite reports of airstrikes overnight by Saudi-led forces and continued military activity by the country's dominant Iranian-allied Houthi group.
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U.S. - SaudiUS Department of State picks Khawandanah to represent Saudi Arabia in leadership program
The US Department of State has selected Dr. Shadi Fouad Khawandanah – Executive Member of the Board of the International Chamber of Commerce of Saudi Arabia – to represent Saudi Arabia in the International Visitors Leadership Program (IVLP) titled “Global Economic Cooperation and Revitalization” which will take place on June 1-19, 2015 along with the international leaders who were selected from the other countries to experience the US firsthand and cultivate lasting relationship with the American counterparts.
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Digital RomanceSaudi Men Try to Catch a Date With Their Smartphones
Vocativ reported on Saudis using mobile apps like WeChat, Tango, Facebook and Twitter to exchange flirtatious messages. Author Dr. Abdul Al Lily, noticed that some social media users replace their username with a phone number, hoping to get a call. Since dating apps like Tinder are banned in Saudi Arabia, using available social media that isn't explicitly for dating is the next best thing.
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YemenYemen Crisis Looms as Kerry Meets With Iranian Counterpart on Nuclear Deal
Secretary of State John Kerry held his first meeting with his Iranian counterpart on Monday since an initial nuclear accord was announced in Lausanne, Switzerland, early this month.
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PalestineCarter, Saudi seek mediation between Palestinian factions
Former US President Jimmy Carter is undertaking Saudi-backed mediation efforts between rival Palestinian factions Hamas and Fatah, a Palestinian source said Sunday.
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Tadawul OpeningBNY Mellon Started Saudi Arabia Stock Picking on Market Opening
Bank of New York Mellon Corp., the world’s biggest custody bank and among the 10 largest investment managers, said it’s started picking Saudi Arabian equities to invest in ahead of the market opening in June.
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