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First American Chamber of Commerce Established in Riyadh; ABGR Becomes AmCham KSA
- January 20,2021
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- SUSTG Team
The American Business Group of Riyadh (ABGR) has formally become part of the global network of the American Chambers of Commerce with the announcement that the group will now be known as the American Chamber of Commerce in Saudi Arabia (AmCham KSA), the first such establishment of its kind in the Kingdom.
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As Thaw Continues, Broadcasts by Qatar-based beIN Sports TV Channel Appear on Saudi TVs, Witnesses Say
- January 19,2021
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- SUSTG Team
Qatar-based TV channel beIN Sports was broadcast in Saudi Arabia on Monday after the two countries reconciled this month, ending a rift of more than three years, according to Reuters. The sports channel was barred from broadcasting in Saudi Arabia since mid-2017, when relations between the two countries were suspended, and was even the subject of international litigation between […]
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After Strong Finish in 2020, Oil Likely to Continue Steady Comeback in 2021 — Jadwa Investment
- January 18,2021
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- SUSTG Team
After a strong finish to 2020, oil demand will continue rising in Q1 and during the rest of the year on a quarterly basis, but still end up 3 percent lower than pre-COVID-19 levels by the end of 2021, a recent report by Jadwa Investment on the market said.
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Saudi Arabia’s New Open Banking Policy to Turbocharge Digital Innovation
- January 15,2021
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- SUSTG Team
Saudi Arabia’s central bank, the Saudi Arabian Monetary Authority (SAMA), is introducing an open banking policy to advance digital innovation in the financial services sector, the body announced this week.
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Saudi Arabia’s Crown Prince Says Kingdom Offering $6 Trillion in Investment Opportunities Over Next Decade
- January 14,2021
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman said the Kingdom offers investment opportunities worth $6 trillion over the next decade, with new projects representing half of this value, he said in a speech at the World Economic Forum on Wednesday.
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$5 Billion Hydrogen Project JV Planned for NEOM Hires Financial Advisor – Report
- January 13,2021
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- SUSTG Team
A three-organization joint venture hydrogen project between Air Products, NEOM, and ACWA Power has hired financial firm Lazard to advise on a planned $5 billion hydrogen project in the NEOM high-tech business zone in Saudi Arabia, according to a Reuters report, citing sources.
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Saudi Arabia Postpones Riyadh Airport Expansion Financing after Pandemic
- January 12,2021
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- SUSTG Team
The global pandemic and its impact on travel is causing the Kingdom to delay its plans to raise financing “potentially worth billions of dollars” for the expansion of Riyadh’s airport, sources told Reuters.
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In Rare Televised Appearance, Crown Prince Mohammed bin Salman Launches ‘The Line’, a Zero-Carbon Emissions City at NEOM
- January 11,2021
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- SUSTG Team
In a rare televised appearance on Sunday, Saudi Arabia’s Crown Prince Mohammed bin Salman unveiled ambitious plans for a new carbon-free city at NEOM, in the Kingdom’s northwest along the Red Sea.
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Oil Set for Weekly Gain, Hits 11-Month High on Announced Saudi Oil Cuts
- January 8,2021
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- SUSTG Team
Oil prices hit 11-month highs and were on track for a weekly gain on Friday, boosted by Saudi Arabia’s pledge to cut output announced this week.
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Energy Minister Prince Abdulaziz bin Salman: New Saudi Cut Is ‘Commercial Choice, Not Political’
- January 7,2021
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- SUSTG Team
Saudi Arabia’s energy minister Prince Abdulaziz bin Salman called this week’s surprise oil output cut for February and March a “wonderful present” for the oil industry and will affect both domestic sales and exports, and said that the choice for a cut was commercial and not political.
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MUST-READS
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War in YemenSaudis in Martial Mood Over Yemen as Salman Uses Hard Power
Saudi airwaves are full of the war in Yemen. On television, fighter jets soar into the sky, soldiers march in columns against a backdrop of the national flag, and King Salman confers with his army chiefs. Patriotic songs blare from the radio.
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Women and the Workforce806,000 Saudi women part of Kingdom’s work force
Of this total, 71 percent work in education, 13 percent in human health and social services, and 5 percent in public administration, defense and social security. There were also women employed in production, manufacturing, mining, agriculture, forestry and fishing.
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Hillary ClintonState Department to Review Clinton’s Emails
Secretary of State John Kerry says the State Department will move immediately to review emails that Hillary Rodham Clinton wrote on her personal account when held his job.
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Urban ArtMeeting Of Styles – Urban Art Event in Jeddah: Video
The “International Meeting of Styles” (MOS) is an international network of graffiti artists and aficionados that began in Wiesbaden, Germany in 2002. Brought together and inspired by their passion for graffiti, MOS aims to create a forum for the international art community to communicate, assemble and exchange ideas, works and skills, but also to support intercultural exchange. In the spirit of cooperation and promotion, since 2002 MOS has launched over 75 events in sixteen countries.
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YemenYemen feuding parties agree on transitional council
Yemen's feuding parties have agreed on a "people's transitional council" to help govern the country and guide it out of a political crisis, UN mediator Jamal Benomar has announced.
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Counter-ExtremismWhite House Counter-Extremism Summit Shows Hearts And Minds Don’t Come Easy
In a three-day summit on countering violent extremism held in Washington, D.C. this week, President Barack Obama repeatedly argued that ascribing a global security threat to “violent Islamic extremism,” plays into an anti-Muslim narrative exploited by terrorist groups such as the Islamic State. But with the focus of U.S. leadership deflected to domestic politicking over diction, the meeting concluded Thursday without a clear plan of action for reversing the Islamic State’s recruiting momentum, or for dealing with extremism’s root causes: bad governance, economic desperation and disenfranchisement.
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Saudi-EgyptIn Saudi Arabia, Can an Adversary Become a Partner?
In spite of recent media leaks and statements, it is unlikely that Saudi Arabia will strategically alter its opposition to the Muslim Brotherhood.
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MENA Startups8 Startups from the MENA Go Global
The last couple of years have witnessed a surge in the number of Arab startups that have managed to catch the attention of foreign investors and dip into the pockets of US sharks. Spanning Beirut to Dubai, Jeddah, Amman, and Cairo, among others, the Middle East region is making its presence felt on the global tech scene.
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YemenYemen’s Main Parties Suspend Talks with Shiite Rebels
U.N.-brokered talks aimed at resolving Yemen's political crisis appeared to be falling apart Monday as the main political parties suspended their participation in negotiations with the Shiite rebels who control the capital.
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China and DubaiChina to become Dubai’s largest trading partner this year as Chinese comprise 10% of its population
The 200,000 Chinese now resident in Dubai comprise around 10 per cent of its population. This is a phenomenal rise from very low numbers since the relaxing of visa requirements in the wake of the global financial crisis in 2009. There are some 4,200 Chinese companies established in the city and Chinese guests make 25 per cent of bookings for the iconic Burj Al Arab Hotel.
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