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Report: Saudi Air Defenses Repel Latest Houthi Missile, Drone Strikes at Oil Facilities
- January 30,2020
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- SUSTG Team
Rocket and drone strikes fired by Iran-backed Houthi rebels at Saudi targets last week – including at Aramco oil facilities – were successfully shot down by Saudi air defenses, according to the Wall Street Journal which cited Saudi officials.
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Flights to Saudi Capital Double as 66-day Riyadh Season Proves a Major Boon to Kingdom’s New Tourism Drive
- January 29,2020
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- SUSTG Team
Flight bookings for travel to Riyadh from October 2019 to January 2020 more than doubled compared to the same period in the previous year, Arabian Business reports, citing data from the Seera Group, a Saudi-based travel and tourism company.
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Saudi Aramco Makes $5 million Investment in Blockchain-Based Oil Trading Company VAKT
- January 28,2020
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- SUSTG Team
Saudi Aramco Energy Ventures (SAEV) has invested $5 million into blockchain-based oil trading company VAKT, the company said in a press release.
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Israelis Can Now Go to Saudi Arabia For Religious Pilgrimages, Business Visits, Israel Says; Saudi Says ‘Our Policy is Fixed’
- January 27,2020
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- SUSTG Team
UPDATE: Saudi Arabia’a Foreign Minister said Israelis were not welcome to visit the kingdom, CNN reported on Monday. “Our policy is fixed. We do not have relations with the state of Israel and Israeli passport holders cannot visit the kingdom at the current time,” CNN quoted Prince Faisal bin Farhan as saying. [Reuters] —- A new […]
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Saudi Health Officials, Experienced with MERS-CoV, Take Preventative Measures against New ‘Wuhan’ Coronavirus
- January 23,2020
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- SUSTG Team
Officials in Saudi Arabia are taking precautions to stop the spread of a new coronavirus from China, screening arriving passengers and nurses to prevent a public health threat, according to reports.
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Oil Demand Growth Forecasted to Trend Higher in 2020
- January 21,2020
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- SUSTG Team
Oil demand growth is set to trend higher this year compared with 2019, a recent report from Jadwa Investment finds, citing OPEC forecasts and other global economic factors.
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Report: SABIC, Aramco set to decide on oil to chemicals project in 2Q 2020
- January 17,2020
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- SUSTG Team
Saudi Basic Industries Corp (SABIC) and Saudi Aramco expect to announce in the second quarter whether they’ll proceed with plans to build a facility to process crude oil directly into chemicals, Bloomberg reports.
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The Economic Impact of Saudi Arabia Hosting the G20 Summit
- January 16,2020
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- SUSTG Team
A recent report from Jadwa Investment looks at the economic impact of Saudi Arabia hosting the G20 Summit, noting that while the Riyadh has hosted major summits before, “the G20 summit differs due to the sheer number of different events related to it” with more than 120 workshops, ministerial meetings and specialized seminars scheduled throughout […]
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Using ‘Greenshoe Option’, Saudi Aramco Raises IPO to Record $29.4B; Banks Seek ‘Incentive Fee’
- January 14,2020
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- SUSTG Team
Saudi Aramco sold millions of additional shares of its initial public offering using a so-called “greenshoe option” that has raised the size of its IPO by nearly $4 billion.
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Saudi Aramco Energy Ventures Prepares New $500m Fund, Opens Office in China
- January 13,2020
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- SUSTG Team
Saudi Aramco Energy Ventures (SAEV), a unit of the kingdom’s energy company, is preparing to start a new $500 million fund this year after completing $500m in investments, Bloomberg reports.
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MUST-READS
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Saudi’s Haramain high-speed train ready to start operations
The Saudi Arabia Railways (SAR) has completed the preparatory operation for the Haramain High-speed Train before operations, which will start next Thursday, with the start of transporting pilgrims from Mina to Arafat. During the recent months, SAR has carried out maintenance and testing operations for the readiness of trains and stations in line with the highest standards of safety and quality to ensure the operation of the train among nine stations in the holy sites, reported Saudi Press Agency (SPA).
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Sentiance enters the Kingdom of Saudi Arabia market in partnership with iDRIVE
Sentiance is pleased to announce the collaboration with iDRIVE as our first partnership in the Kingdom of Saudi Arabia. iDRIVE is the leading solution in the field of smart mobility and the first car sharing company in Saudi Arabia. Different from other car-sharing companies, iDRIVE owns their vehicles, they offer the newest models to meet people's different needs. Their vision is to offer affordable transportation for people in Saudi Arabia, moreover, car sharing is an aid in protecting the environment and saving money.
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Tales of the Bedouin – Part XX: Journey to Meet The Son of Bathan
In this piece, Mark Lowey, known as “Abu Jack” (father of Jack) to his Saudi friends, is escorted deep into the Rub Al Khali (the Empty Quarter) to meet, for the first time, the son of an old acquaintance. In Part 1, Abu Jack and his Saudi traveling companion, Quriyan Al Hajri (Abu Mohammed), are guided to a remote desert encampment. In Part 2 the hosts welcome Abu Jack and Abu Mohammed with a fusillade of gunshots into the air and they are invited to a khabsa dinner. After an eventful evening and good night’s sleep, Abu Jack awakens before dawn. Part 1
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‘No progress made’ on Iran nuclear talks: US State Department
Indirect talks in Qatar's capital between Iran and the US on reviving a 2015 nuclear deal have concluded with "no progress made", a State Department spokesperson said late Wednesday. The negotiations in Doha were an attempt to reboot long-running European Union-mediated talks on a return to the 2015 agreement between Tehran and world powers.
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Digital banking start-up YAP raises $41 mln, to expand into Saudi Arabia
YAP, a digital bank in the United Arab Emirates, said on Monday it had raised $41 million in funding and targeted raising another roughly $20 million to finance its expansion plans. The investors so far included Saudi Arabia's Aljazira Capital, Abu Dawood Group, Astra Group and Audacia Capital. YAP said it intends to complete it Series A by the end of the year.
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Establishing a Startup in Saudi Arabia
While some barriers exist to setting up a business or startup as a foreigner in Saudi Arabia, such as the need to obtain permits and visas, the government of the Kingdom has also made it increasingly easy for entrepreneurs to set up shop.
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Establishing a Startup in Saudi Arabia
While some barriers exist to setting up a business or startup as a foreigner in Saudi Arabia, such as the need to obtain permits and visas, the government of the Kingdom has also made it increasingly easy for entrepreneurs to set up shop. Nevertheless, it’s important to check if you need to obtain a permit or visa for Saudi Arabia before planning a business venture in the country.
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Saudi Arabia in early talks to take stake in UK’s Aston Martin
Saudi Arabia's Public Investment Fund is in early talks with British luxury carmaker Aston Martin (AML.L) about taking a stake in the business that could be worth 200 million pounds ($243.5 million), the Financial Times reported on Thursday. Shares in Aston Martin, which had fallen as much as 20% to a record low on Thursday, trimmed losses to trade 9% lower by 1502 GMT after the group stopped short of confirming or denying the media reports. Aston Martin instead said it regularly keeps its funding options under review.
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Gamers8 and Spotify partner for Saudi Arabia’s first live international esports season – Fast Company Middle East | The future of tech, business and innovation.
Gamers8, one of the biggest Esports and gaming events, has entered into an exclusive partnership with music streaming platform Spotify which will be the official audio streaming partner for the all-new esports and gaming season taking place live in Riyadh this summer.
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Saudi Artists Marvel At Surprise Patron: Their Own Rulers
"I'm being exhibited constantly here," she said. "I'm being rediscovered by my people, my community. They used to follow me on Instagram. Now they can actually go and see the artworks."
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