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Crown Prince Mohammed bin Salman Visits South Korea ahead of G20 Summit in Japan
- June 27,2019
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman, en route to the G20 meetings in Japan this weekend, made an official and high-level visit to South Korea in a sign of strong ties between the two nations. Photos released by the Saudi Press Agency (SPA) show the Crown Prince was warmly received in South Korea. During the visit, […]
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Saudi-led Coalition in Yemen Announces Capture of Islamic State Leader in Yemen
- June 26,2019
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- SUSTG Team
Saudi special forces, with assistance from the United States, have captured the leader of the Yemeni branch of the Islamic State militant group, according to the Saudi-led military coalition fighting in Yemen and reported in Reuters. The leader, Abu Osama al-Muhajer, as well as other members of the organization including its chief financial officer, were […]
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Saudis Celebrate One Year Anniversary of Women Drivers in the Kingdom
- June 24,2019
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- SUSTG Team
One year ago today, women in Saudi Arabia were legally allowed to drive on the Kingdom’s roads for the first time, a landmark and life-changing event for many Saudi women and an undeniable leap forward for Saudi Arabia’s ongoing economic and social reforms. June 24, 2018 was the first day in which Saudi women were allowed […]
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The Seven Wonders of Arabia, Aramco Expats’ Tribute to the Kingdom’s Top Heritage Sites – Part 2: Historic Jeddah
- June 21,2019
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- SUSTG Team
Last week, SUSTG published the first in a series of posts highlighting the seven wonders of Arabia as selected and featured by AramcoExpats.com, an online blog that is a resource for current and former Saudi Aramco expatriates and their families. As the Kingdom prepares to open itself up to more visitors and boost its tourism industry in line […]
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Saudi Desalination Plant Struck by Missile from Yemen, U.S. Drone Shot Down – Reports
- June 20,2019
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- SUSTG Team
A Saudi desalination plant was struck by a missile that appeared to come from within Yemen, according to reports. Hours after the statements from U.S. officials, Saudi Arabia confirmed the missile strike, saying it caused no damage or casualties, the Wall Street Journal reports. Shortly after the strike was made apparent, senior U.S. officials met at […]
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Declines in Saudi unemployment continue as more women join workforce, report says
- June 19,2019
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- SUSTG Team
A recently-released Jadwa Investment report on the Saudi labor market highlights gains made in edging down the Saudi unemployment rate, especially for women and youth in the Kingdom. According to Jadwa, The latest General Authority for Statistics (GaStat) labor market release for Q1 2019 shows that unemployment declined to 12.5 percent, reaching its lowest rate since […]
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Saudi Arabia’s Saudia Airlines Spends Big at Paris Airshow
- June 18,2019
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- SUSTG Team
Saudi Arabian flag-carrier Saudia announced at the Paris Airshow that it is expanding its existing order of Airbus A320neo family of plans from the current number of 35 “to as many as 100, including 35 options,” according to reports. The airline disclosed three years ago that it was taking 35 A320neo-family jets, including A321neos. The “neo” at the […]
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Saudi Arabia’s Crown Prince Mohammed bin Salman Gives Interview to Asharq Alawsat, Addresses Iran Aggression
- June 17,2019
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman gave an interview to the Saudi-owned, London-based Asharq Alawsat newspaper and discussed recent attacks on oil tankers and on the Kingdom’s southern border, saying Saudi Arabia does not want a war in the region, but stressed that it “will not hesitate in dealing with any threat against our people, sovereignty […]
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Aramco Expats’ The Seven Wonders of Arabia, a Tribute to the Kingdom’s Remarkable Heritage Sites – Part 1: Madain Salih
- June 14,2019
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- SUSTG Team
Aramco Expats, an online blog that is a resource for current and former Saudi Aramco expatriates and their families, recently published a series of excellent blog posts on the seven wonders of the Arabia – the best heritage sites and historical places in the Kingdom. The blog noted that this list was, in fact, the seven runners up to […]
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Report Looks at Surging Role of Sovereign Wealth Funds in GCC Economies
- June 12,2019
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- SUSTG Team
A recently-released joint publication from the Sovereign Wealth Fund Institute (SWFI) and Marmore Mena Intelligence examines the growing role of sovereign wealth funds (SWFs) in GCC economics. Sovereign wealth funds, like the Saudi Arabia Public Investment Fund (PIF), are growing in importance in GCC economies as they press ahead with economic diversification efforts and reduce their […]
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MUST-READS
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What is holding back Qatar’s startup ecosystem?
This roadmap highlights entrepreneurship as a key pillar of Qatar’s knowledge economy. The government has already executed several projects and initiatives to ease the establishment of startups including two free zones regulated and run by the Qatar Free Zone Authority (QFZA), the Qatar Science and Technology Park (QSTP), a technology development hub, and the Qatar Fintech Hub (QFTH), a fintech incubator and accelerator.
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U.S. Power and Influence in the Middle East: Part Seven
What should the U.S. posture in the Middle East look like going forward? While there is a broad consensus that the last two decades produced few successes, there is less agreement on exactly what the United States should do to produce more successes or if success is even the right metric for U.S. efforts. How should the United States engage with partners in the Middle East, and how should it engage with adversaries? How does the Middle East fit into U.S. global strategy, especially one with an increased focus on Asia?
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Saudi Arabia shows strong intent to drive a cloud-first, cloud-smart, and multicloud strategy
While multicloud adoption is rising, these are early days that create some challenges. Both in Saudi Arabia (54%) and globally (49%), respondents mentioned managing security across cloud borders most often as a multicloud management difficulty. Saudi respondents named maintaining consistent performance, second most often, notably more than average, while the task of integrating data across cloud environments consistently ranked in the top three most-mentioned issues among ECI respondents.
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Saudi food startup raises $ 170 mn from Sequoia Capital India, others
Sequoia Capital India and Prosus NV have backed a $170 million funding round for Saudi Arabian food and beverage technology startup Foodics, as global investors increasingly seek to back fast-growing firms in the Middle East.
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Foodics: Sequoia, Prosus Back Saudi Food Startup Raising $170 Million
Sequoia Capital India and Prosus NV have backed a $170 million funding round for Saudi Arabian food and beverage technology startup Foodics, as global investors increasingly seek to back fast-growing firms in the Middle East.
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United Arab League suspending Israeli parliamentary participation
The UAL party members, led by Mansour Abbas, are mostly comprised of Israeli Arabs. Notably, over 20 percent of Israel's population is Palestinian. The UAL was the first party representing Palestinian citizens to ever join an Israeli government and holds four seats in Prime Minister Naftali Bennett’s coalition.
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Everything to Know About Saudi Arabia’s Inaugural Islamic Arts Biennale in 2023
Cementing Saudi Arabia’s status as a serious art powerhouse on the world stage, the Diriyah Biennale Foundation has announced its inaugural Islamic Arts Biennale. Taking place in Jeddah in early 2023, this incredible event will showcase the vibrancy of Islamic art, both past and present.
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CEO steers electric truck startup Rivian through supply chain twilight zone
Scaringe can't get all the semiconductors Rivian needs to accelerate the assembly lines at its factory in Normal, Illinois. Chip suppliers are skeptical of the young electric vehicle company's capability to hit promised production numbers. They are instead allocating more chips to established customers based on the numbers of vehicles they have built in the past, Scaringe said during a tour of the plant.
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Raisi says Iran will target heart of Israel if it acts against Iranian nation
Israel, widely believed to have the Middle East's only atomic arsenal, says it will not be bound by any Iran nuclear deal and could eventually take unilateral action against Iranian nuclear sites.
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Interior Department to resume oil and gas leasing, charge higher fees
The department said it plans to open roughly 144,000 acres up for lease next week and will charge oil and gas companies higher royalties to drill on federal land, raising the fees for the first time. Under the plans unveiled Friday, royalty rates would increase to 18.75 percent from 12.5 percent for oil and gas lease sales.
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