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Recent stories from sustg

  • Nusuk pilgrim card launched
     

    With the 2024 Hajj expected to begin June 14, Minister of Hajj and Umrah Dr. Tawfiq Al-Rabiah released the Nusuk card by presenting its copy to Indonesian Minister of Religious Affairs Yaqut Cholil Qoumas in Jakarta on Tuesday, April 30, during his official visit to Indonesia.

     
  • 10th Saudi Film Festival Underway
     

    The 10th Saudi Film Festival runs May 2-9 at the King Abdulaziz Center for World Culture (Ithra) in Dhahran.  Debuting in 2008 this year’s edition has two main themes: Indian cinema and sci-fi films.

     
  • PIF and BlackRock Launch $5bn Investment Fund
     

    BlackRock and Public Investment Fund signed a non-binding MOU that calls for the sovereign fund to invest up to $5bn in stages as the new firm hits agreed milestones. Investments will provide capital for a variety of funds invested in public equities and bonds as well as alternative assets.

     
  • Saudi Space Agency and WEF Establish Space C4IR Center
     

    The World Economic Forum has signed an agreement with the Saudi Space Agency to establish a Centre for the Fourth Industrial Revolution (C4IR)  focused on space. The Centre for Space Futures, set to open in autumn 2024, will be hosted by the Saudi Space Agency.

     
  • Special World Economic Forum Convenes in Riyadh
     

    The World Economic Forum Special Meeting on Global Collaboration, Growth and Energy for Development in Riyadh convenes 1,000 global leaders from 92 countries on 28-29 April, to support global dialogue and find actionable, collaborative and sustainable solutions to shared global challenges.

     
  • Vision 2030 Marks 8th Year Since Launch
     

    Launched on April 25, 2016, Vision 2030, Saudi Arabia’s blueprint for economic and social transformation marks it 8th year and the halfway point between 2016 and 2030.

     
  • IMF Launches New Regional Office in Saudi Arabia
     

    The goal of the new office is to strengthen the IMF’s collaboration with governments and institutions in the Middle East including promoting economic stability, growth, and regional integration.  It also underscores the growing economic importance of the region.

     
  • Saudi’s Regional Headquarters Program Moves Forward
     

    In February the Zakat, Tax and Customs Authority published guidelines specifying RHQ tax rules. Under the new rules, specific activities qualify for tax incentives. The new RHQ tax rules aim to clarify the scope and conditions of tax relief for RHQ entities, as announced by MISA in December 2023. 

     
  • EU announces five-year Schengen visas for Saudi, Omani and Bahraini citizens
     

    The EU will now allow citizens from Saudi Arabia, Oman, and Bahrain to apply for five-year Schengen visas. This marks a significant step forward in strengthening people-to-people relations between the EU and the GCC.

     
  • Global Defense Spending Spikes in 2023
     

    According to a study by Forecast International in 2023 global defense spending grew at its fastest pace in the last decade as governments respond to security crises unfolding around the world.

     

MUST-READS

  • Turkey halts all trade with Israel, cites worsening Palestinian situation

    Turkey stopped all exports and imports to and from Israel as of Thursday, the Turkish trade ministry said, citing "worsening humanitarian tragedy" in the Palestinian territories.
    "Export and import transactions related to Israel have been stopped, covering all products," Turkey's trade ministry said in a statement.
    "Turkey will strictly and decisively implement these new measures until the Israeli Government allows an uninterrupted and sufficient flow of humanitarian aid to Gaza."

  • Greece and Saudi Arabia to launch studies for potential electricity interconnector

    Greek electricity grid operator Independent Power Transmission Operator (IPTO or Admie) and Saudi Arabia’s National Grid Saudi Electricity Company have decided to kick off technical and economic studies for an electricity interconnector between the two countries.

  • Opinion: Unable to ‘win’ in Gaza, Israel sets its sights elsewhere

    For the meanwhile, it appears that neither Israel nor Iran wants a direct war with each other, and both appear ready to consider the recent exchange of attacks, although not their underlying causes, resolved. It certainly helps that no one appears to have been killed in either country, and that was undoubtedly intentional, since both sides have the clear ability to inflict far more destruction and deaths in each other’s territories if that was what they wanted.

  • Judge declares mistrial after jury deadlocks in lawsuit filed by former Abu Ghraib prisoners

    A judge declared a mistrial Thursday after a jury said it was deadlocked and could not reach a verdict in the trial of a military contractor accused of contributing to the abuse of detainees at the Abu Ghraib Prison in Iraq two decades ago. The mistrial came in the jury’s eighth day of deliberations. The deliberations went far longer than the trial itself.

  • Secondary school graduates can get enrolled in universities across all Saudi regions

    The Saudi Council of Universities Affairs issued a decision to open admission for government secondary school graduates in universities across all regions of Saudi Arabia, effective from the next academic year 1446.

    The council stated that the prerequisite to limit the admission to students from the administrative region to which the university is affiliated will no longer be applicable. The council’s decision aims to enable male and female students to search for the appropriate academic paths for them, and to provide opportunities for fair competition for university seats in all government universities throughout Saudi Arabia.

  • Saudi Arabia launches Nusuk pilgrim card for the Hajj of 2024

    The Saudi Ministry of Hajj and Umrah has launched the Nusuk pilgrim card, which will be in use for the forthcoming annual pilgrimage of Hajj 2024.

    Minister of Hajj and Umrah Dr. Tawfiq Al-Rabiah released the Nusuk card by presenting its copy to Indonesian Minister of Religious Affairs Yaqut Cholil Qoumas in Jakarta on Tuesday, April 30, during his official visit to Indonesia.

  • Axis of Resistance Continues its Battle

    or the six months following the October 7 Hamas attack on Israel, the region appeared to settle into a predictable, if volatile, pattern in which Iran acted indirectly, through its so-called “Axis of Resistance” partners, to strike against Israel, Israel’s main backer, the United States, and global commerce transiting the Red Sea, as a means of exerting pressure on Israel to end its offensive against Hamas.

  • US needs cheaper ways to shoot down drones, Pentagon acquisition chief says

    After months of shooting down drones over the Middle East, the cost of those interceptions is getting too high. That’s according to the Pentagon’s chief of weapons procurement, who said that efforts to take out uncrewed aerial systems are now exceeding $100,000 per shot.

  • Will Iran’s supreme leader revise his ‘nuclear fatwa’?

    Following Iran's Apr. 14 military action against Israel in response to the Apr. 1 bombing of the Iranian consulate in Damascus, a senior commander of the Islamic Revolutionary Guard Corps (IRGC) explicitly suggested the possibility of a revision to Tehran’s objection to atomic weapons. The suggestion may only be a part of the war of words between Iran and Israel. However, the fact that such discourse is rapidly becoming mainstream in Iran raises questions of what may lie ahead—including whether a shift may take place under Khamenei, who has long opposed atomic weapons on a religious basis.

  • Fresh chaos, arrests on US college campuses as police flatten camp at UCLA

    Police forcibly removed scores of defiant pro-Palestinian protesters at several colleges on Thursday, including taking down an encampment at UCLA in a jarring scene that underscored the heightened chaos that has erupted at universities this week.
    In the pre-dawn hours, helmeted police swarmed a tent city set up at the University of California in Los Angeles, using flash bangs and riot gear to push through lines of protesters who linked arms in a futile attempt to halt their advance.