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Royal Order Converts Riyadh’s King Saud University to Independent, Non-Profit Academic Institution under Umbrella of RCRC
- July 27,2023
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- SUSTG Team
Crown Prince Mohammed bin Salman issued a Royal Order transforming King Saud University into an independent, non-profit academic institution that be under the “umbrella” of the Royal Commission for Riyadh City, according to multiple reports.
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Saudi Arabia’s Receipts from Oil Sales Abroad Down in May, Lowest in Over a Year – Report
- July 25,2023
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- SUSTG Team
Saudi Arabia’s leadership in OPEC+ with voluntary cuts to production has proven to be costly, sending its receipts from oil sales abroad down by a third, to its lowest in over a year, according to a report in Bloomberg, which cited the Kingdom’s General Authority for Statistics (GASTAT).
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PIF Announces Establishment of Sawani Company to Enable Growth of Camel Farming Industry
- July 20,2023
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- SUSTG Team
The Public Investment Fund (PIF) of Saudi Arabia announced the establishment of Sawani Company “to enable the growth of the Saudi camel farming industry and actively contribute to its sustainable development,” the fund said in a press release.
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Non-Oil Business Activity in Saudi Arabia Surged in June 2023 as Tourism, Construction Sectors Lift Economy
- July 5,2023
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- SUSTG Team
Non-oil business activity in Saudi Arabia surged in June supported by strength in construction and tourism, a survey showed.
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NEOM’s Sindalah Island Eyes Status as Global Yachting Hub
- June 28,2023
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- SUSTG Team
NEOM has signed a deal with superyacht concierge and maritime agency BWA Yachting as it eyes an opening date for visitors within the year.
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Discovery Channel Documentary About The Line in Saudi Arabia features Interview with Crown Prince Mohammed bin Salman
- June 27,2023
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- SUSTG Team
Crown Prince Mohammed bin Salman gave an interview to the Discovery Channel for a new documentary about The Line, discussing some of the earliest ideas around the design and what the project means to the Kingdom and the world.
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Kingdom at the Forefront of Air Taxi Tech with Test of Volocopter in Collaboration with Neom
- June 22,2023
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- SUSTG Team
Saudi Arabia’s NEOM hosted the first test campaign of air taxi flights in the northwest of Saudi Arabia, building on a reputation of a leader in technologies in the under-development futuristic zone.
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Saudi Arabian Low-Cost Carrier Flynas is in Talks for an Airbus SE Jet Order – Reports
- June 13,2023
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- SUSTG Team
Saudi Arabian low-cost carrier Flynas is in talks for an Airbus SE jet order, people familiar with the matter told Bloomberg, as the main challenger to U.S.-based Boeing eyes major deals from growing Middle East carriers.
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Saudi Center for Commercial Arbitration CEO Dr. Hamed Merah joins The 966, LIV Golf in DC and much more…
- June 2,2023
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- SUSTG Team
The 966 talks about the state of business dispute resolution in Saudi Arabia with the CEO of the Saudi Center for Commercial Arbitration, Dr. Hamed Merah, who joins from Riyadh. The 966 talks with Dr. Merah about the SCCA’s rise as a leading dispute resolution body in the region and increasingly, globally. As Saudi Arabia […]
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Saudi Arabia In Talks to Join BRICs Bank – Report
- May 31,2023
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- SUSTG Team
Saudi Arabia is in talks to join the New Development Bank, the lender created by the BRICS group of nations, according to a report in Bloomberg, citing a report in the Financial Times.
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MUST-READS
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Aside from Israel, Lebanon needs to be protected from another enemy: itself
If Iran, and its militias, fail to respond, it means Israel also wins psychologically yet again. If Hezbollah retaliates as a group, or if any of its followers worldwide acts individually, this would distract global public opinion from the mounting accusations of war crimes committed in Gaza and Lebanon, and allow the Israeli government to repeat, yet again, that it is only defending itself.
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Iran After the Lebanon Debacle: Suppress Domestic Dissent and Dash for the Bomb?
Iran’s recent debacle in Lebanon bears some resemblance to the Argentine military junta’s defeat in the 1982 Falklands War between Argentina and Britian over the Falkland Islands. In an appeal to Argentine nationalism, the junta “reclaimed” the islands, was defeated by Britain after 74 days, and relinquished power in 1983. In similar fashion, the Islamic Republic of Iran dedicated considerable time and effort to forge the much-heralded “axis of resistance,” with Lebanese Hezbollah at its core, to encircle Israel and deter Israeli bombardment of Iran’s nuclear infrastructure. However, since September 17, Israel has seemingly managed to neutralize hundreds of Hezbollah fighters and operatives and assassinated the top military and political leadership of the Lebanese militia.
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Inside the Lebanese Valley Where Israel Is Bombarding Hezbollah
The bombardments across the Bekaa Valley are part of the more than 1,000 airstrikes that Israel has launched against Lebanon since Monday in an attempt to weaken Hezbollah, the Iran-backed Lebanese military group. The campaign is one of the most intense in contemporary warfare, experts say, and led to the deadliest day in Lebanon in decades.
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Hezbollah says it is ready for any Israeli land invasion in Lebanon
Hezbollah fighters are ready to confront any Israeli ground invasion of Lebanon, the group's, deputy leader Naim Qassem said on Monday in his first public address since Israel killed its chief Hassan Nasrallah last week. Israel will not achieve its goals, he said. "We will face any possibility and we are ready if the Israelis decide to enter by land and the resistance forces are ready for a ground engagement," he said in an address from an undisclosed location.
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Israel ‘didn’t even respond’ to truce proposal, as it continues bombing Lebanon
Israel's prime minister indicated that he "did not even respond" to proposals aimed at bringing about a temporary ceasefire between Israel and Hezbollah, as Israeli forces continued raining down air strikes on Lebanon. On Thursday, US President Joe Biden and French President Emmanuel Macron published a joint statement calling for a 21-day truce, aimed at paving the way for broader negotiations for a permanent ceasefire. Just hours later, however, Prime Minister Benjamin Netanyahu's office rejected the idea.
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Iraq calls for emergency Arab, Islamic summit to halt Israeli aggression on Lebanon
Iraq’s Foreign Minister, Fuad Hussein, yesterday proposed holding an emergency Arab and Islamic summit aimed at “unifying efforts to halt Israeli aggression” in Lebanon, Anadolu reported. Since Monday morning, the Israeli military has launched what is described as its “most intense and wide-ranging” assault on Lebanon since hostilities with Hezbollah began nearly a year ago. The attacks resulted in 569 deaths, including 50 children and 94 women, and left 1,835 wounded, according to the Lebanese Ministry of Health.
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Israel rejects U.S.-backed Lebanon ceasefire proposal
Israel rejected proposals on Thursday for a ceasefire with Hezbollah, defying allies including the United States which had called for an immediate three-week halt in fighting to allow for diplomacy to avert a wider war. "There will be no ceasefire in the north," Foreign Minister Israel Katz said on X. "We will continue to fight against the Hezbollah terrorist organization with all our strength until victory and the safe return of the residents of the north to their homes."
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One week on, how the Lebanon attacks have changed the Middle East
But when Israel withdrew from Lebanon in 2000, Hezbollah kept its weapons in violation of a UN resolution requiring it to disarm. It continued to present itself as a necessary force for the defence of Lebanon and “became the country's most powerful political actor”, says Prof Khatib. Although it is represented in Lebanon’s government, Hezbollah’s real power lies behind the scenes, she adds - as an armed group that many analysts say is more powerful than the Lebanese army, it has the ability to intimidate its opponents.
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Saudi Arabia emphasizes the importance of Lebanon’s stability and sovereignty
The Saudi Ministry of Foreign Affairs expressed grave concern over the ongoing security developments in Lebanon, reiterating the risks associated with the escalation of violence in the region and its potential impact on regional security and stability. According to a statement from the ministry, Saudi Arabia urges all parties to exercise maximum restraint and to distance the region and its people from the dangers of war.
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Iran’s Guards ban communications devices after strike on Hezbollah
Iran's elite Revolutionary Guards Corps (IRGC) has ordered all members to stop using any type of communication devices after thousands of pagers and walkie-talkies used by its Hezbollah allies in Lebanon blew up in deadly attacks last week, two senior Iranian security officials told Reuters. One of the security officials said a large-scale operation is underway by the IRGC to inspect all devices, not just communication equipment. He said most of these devices were either homemade or imported from China and Russia.
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