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Saudi Arabia’s Nayifat Finance Company Latest to Announce IPO Plans on Surging Tadawul
- October 13,2021
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- SUSTG Team
Saudi Arabia’s Nayifat Finance Company said on Tuesday it plans an initial public offering (IPO) on the Riyadh stock exchange with a free float of 35% of its shares, according to a Reuters report. Nayifat, a consumer-focused Islamic finance firm, said in a statement that it plans a sale of 35 million shares to institutional […]
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Diriyah Contemporary Art Biennale, First of its Kind in Saudi Arabia, Announces Artists
- September 24,2021
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- SUSTG Team
The upcoming Diriyah Contemporary Art Biennale – the first art event of its kind to be held in Saudi Arabia – announced participating artists for the exhibition called Feeling the Stones, according to a report in The Art Newspaper. The event is scheduled to take place starting December 11 and running for three months, concluding March 11, 2022.
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Saudi Arabia Celebrates 91st National Day in Kingdom with Patriotic Airshows, Events and Fireworks
- September 23,2021
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- SUSTG Team
Saudi Arabia is celebrating its 91st Saudi National Day today, marking the formation of the modern-day Kingdom with the unification of the Nejd and Hejaz by King Abdulaziz Al-Saud in 1932. The Kingdom’s version of the 4th of July will be celebrated this year under the slogan “A Home for Us.”
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Residential Mortgages Soar in Saudi Arabia; Commercial Rents in Riyadh See Post-Pandemic Recovery
- September 21,2021
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- SUSTG Team
Roughly five years after the launch of the Kingdom’s National Transformation Plan (NTP), a key part of the Saudi Arabia’s Vision 2030 social and economic masterplan, Saudi is seeing major initial progress in the real estate sector, with new residential mortgages soaring 1000% since 2016, according to a report from industry powerhouse KnightFrank.
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Cementing End of Rift, Qatar Appoints Ambassador to Saudi Arabia
- August 12,2021
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- SUSTG Team
Qatar’s Emir Sheikh Tamim bin Hamad al-Thani on Wednesday named an ambassador to Saudi Arabia, just weeks after the Kingdom named Prince Mansour bin Khalid bin Farhan to serve as the Saudi ambassador to Qatar.
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Fintech Saudi Releases National Fintech Adoption Survey Results in 5 Areas
- August 10,2021
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- SUSTG Team
Fintech Saudi, an initiative launched by the Saudi Central Bank (SAMA) in partnership with the Capital Market Authority (CMA), has announced the results of the National Fintech Adoption Survey, a first of its kind measurement in Saudi Arabia of the people’s interest in adopting fintech solutions.
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Daily New COVID-19 Cases in Saudi Arabia Fall Below 1,000 for First Time in Two Months
- August 6,2021
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- SUSTG Team
Daily new COVID-19 cases in Saudi Arabia fell below the 1,000-mark on Thursday for the first time since June 6, according to official figures, with 986 individuals infected over the past 24 hours.
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Saudi Arabia Steps Up Pressure on Residents to Vaccinate with New Restrictions on Public Spaces
- July 21,2021
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- SUSTG Team
Saudi Arabia is stepping up pressure on its citizens and residents to receive both doses of a COVID-19 vaccine with a new announcement confirming that most public spaces, malls, and other areas will be open to only those who are vaccinated, according to Arab News.
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Entertainment Activities to Resume in Saudi Arabia after Coronavirus Shutdowns, Authorities Announce
- May 28,2021
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- SUSTG Team
Saudi Arabia has announced that entertainment activities and events across the Kingdom may resume after months of shutdowns and cancellations in order to curb the spread of the Coronavirus pandemic, according to Gulf News.
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As Construction Activity Picks Up, Prices of Building Materials in Saudi Arabia Soars
- May 14,2021
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- SUSTG Team
Prices of key construction materials in Q1 in Saudi Arabia soared to the highest prices in 12 years, with steel leading the increase as construction activity began to recover from the slowdown caused by the coronavirus disease pandemic last year.
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MUST-READS
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Saudi Arabia opens airspace to Israeli flights ahead of Biden visit
Saudi Arabia announced late Thursday that it would open its airspace to “all carriers” ahead of President Joe Biden’s visit, a move that ends the ban on flights to and from Israel. National security adviser Jake Sullivan commended the move, attributing the progress to Biden’s diplomacy in the Middle East.
- White House - Statement by National Security Advisor Jake Sullivan on the Opening of Saudi Airspace
- Bloomberg - El Al Welcomes ‘Positive’ Saudi Decision to Lift Restrictions
- Reuters - Saudi Arabia to open airspace to all airlines, including from Israel
- NYT - Saudi Arabia will allow direct flights from Israel, Biden says.
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Airlines Lobbying for Saudi Airspace Access to More Israel Flights, Sources Say
Dubai’s Emirates Airline, Bahrain’s Gulf Air and Israeli airlines including flag carrier El Al are currently permitted to use Saudi airspace for Dubai-Tel Aviv and Manama-Tel Aviv routes, but Israel is restricted from using Saudi airspace for any other commercial flights.
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Airlines Lobbying for Saudi Airspace Access to More Israel Flights, Sources Say
A deal to open up Saudi airspace to all flights operating into and out of Tel Aviv is being discussed ahead of US President Joe Biden’s trip to the Middle East, according to people familiar with the matter. Dubai’s Emirates Airline, Bahrain’s Gulf Air and Israeli airlines including flag carrier El Al are currently permitted to use Saudi airspace for Dubai-Tel Aviv and Manama-Tel Aviv routes, but Israel is restricted from using Saudi airspace for any other commercial flights.
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‘Saudi Arabia is going back to space,’ says prince on anniversary of historic flight
The son of King Salman made history on June 17, 1985 when he became the first Arab, first Muslim, and first member of a royal family to leave earth’s orbit by embarking on a mission aboard the Discovery space shuttle. He joined a crew of five Americans and one Frenchman on the flight to deliver three satellites into orbit – including the ARABSAT-1B for which he was a payload specialist.
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Saudi Space Agency Training Program Ready For Liftoff
SSC Chairman Abdullah Al-Swaha recently held talks with heads of US space companies on the exchange of expertise and technologies, as well as enhancing joint capabilities in the sector. The meetings focused on bilateral cooperation in spacecraft launch services, building partnerships to contribute to the growth of the space tourism sector, and developing the sector’s role in achieving the goals of the Kingdom’s Vision 2030.
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Saudi, US Companies Invest in Saudi Space Sector
During his visit to the US, Chairman of the Saudi Space Commission Abdullah al-Swaha held several discussions with heads of US space companies. Swaha, who is also Minister of Communications and Information Technology, met with the founder and CEO of Axiom Space, Michael Suffredini, and CEO of Redwire Peter Cannito. The meetings were attended by the acting CEO of the Saudi Space Commission, Mohammed bin Saud al-Tamimi.
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Saudi Arabia’s $100 Billion Investment in Aviation to Enable ATM Upgrades, New Airline and Airspace Entrants
"The global Digital Health Certificate (DHC) is defined here as a globally standardised travel document that would be delivered at the national level by health authorities in electronic format and include the vaccine information of passengers. The DHC would be recognised by all domestic applications (to be QR readable)," GACA writes in the white paper.
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Saudi Space Commission, NASA Explore Space Cooperation
The Chairman of the Board of Directors of the Saudi Space Commission Eng. Abdullah Amer Al-Sawaha held a meeting with Pamela Melroy, the Deputy Administrator of the American Space Agency (NASA) in Washington DC today, during his visit to the United States of America to enhance cooperation between the two countries in space technology.
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Turkish air space closed to planes carrying troops from Russia to Syria, broadcaster reports
Cavusoglu said if progress is made in negotiations, Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy had agreed that a meeting could be held in Turkey.
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Bahrain signs agreements on industry, logistics, space sciences with U.S. -tweet
The agreements included partnerships and memoranda of understanding between several government bodies and companies in both countries. The agreements included a partnership between the Gulf kingdom's Information & eGovernment Authority and Microsoft, and an agreement with Cisco concerning the government data network infrastructure.
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