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Saudi Arabia leads emerging markets in international bond issues in 2024
- September 6,2024
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- SUSTG Team
Saudi Arabia was also the leading emerging market issuer of international sovereign debt in 2023, selling $26.5 billion of bonds. Its debt raising this year has already topped last year’s total with $26.8 billion.
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IMF concludes annual consultation with Saudi Arabia
- September 5,2024
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- SUSTG Team
Saudi Arabia’s unprecedented economic transformation is progressing well as it advanced in its modernization and diversification efforts under Vision 2030. The recent fiscal space exercise has facilitated the recalibration of investment spending planned under Vision 2030 by reprioritizing projects and through sectoral strategies.
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’24 Fintech Conference in Riyadh
- September 4,2024
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- SUSTG Team
The first edition of the International Conference on Financial Technology, ’24 Fintech, at the Riyadh Front Exhibition and Conference Center on Tuesday with an address from Finance Minister Mohammed Al-Jadaan, large crowds and a slew of announcements.
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7th Family Forum held in Riyadh
- September 3,2024
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- SUSTG Team
The Family Affairs Council hosted its seventh Family Forum in Riyadh on September 1-2, 2024, focusing on “Family Counseling: Building Strength from Within in a Changing World.”
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High profile Saudi delegation heads to East Asia
- September 2,2024
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- SUSTG Team
Minister of Industry and Mineral Resources, Bandar AlKhorayef, is leading a delegation to Guangzhou, Hong Kong and Singapore from Sep. 1 to 8, 2024. The delegation’s goal is to enhance bilateral relations, attract investments, and explore joint-venture opportunities.
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Saudi sends largest paralympic delegation ever to Paris games
- August 30,2024
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- SUSTG Team
Saudi Arabia will send its largest delegation to date to the 2024 Paris Paralympic Games. Taking place from August 28th until September 8th, nine Saudi athletes will compete in athletics, weightlifting, taekwondo, table tennis, and dressage.
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Value of Saudi e-commerce revenues expected to reach $69bln by 2025: Monsha’at
- August 29,2024
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- admin
According to a report from the Small and Medium Enterprises General Authority (Monsha’at), the number of e-commerce platform users in the kingdom is expected to reach 34.5 million by 2025, marking a 42% increase from 2019 to 2024.
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Saudi anti-corruption law strengthened
- August 28,2024
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- admin
Saudi Arabia’s Council of Ministers recently enacted a stringent new law designed to tackle corruption among government employees.
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Saudi non-oil economy continues growth
- August 27,2024
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- SUSTG Team
Jadwa Investments’ August 2024 macroeconomic update showed robust growth in non-oil activity.
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Esports World Cup crowns winners after historic 8-week tournament
- August 26,2024
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- admin
The Esports World Cup Foundation, the non-profit organization hosting the Esports World Cup, the world’s largest esports competition and gaming festival, celebrated the historic inaugural event with HRH Mohammed bin Salman in attendance by crowning Team Falcons the first Esports World Cup Club Champion on Sunday night in Riyadh, Saudi Arabia.
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Saudi Arabia, China forge tourism partnerships to boost investment, travel
In a post on his X account, Al-Khateeb said: “During my visit to China, I met with Chinese investors and discussed the great potential and investment opportunities in Saudi Arabia’s tourism sector and ways for collaboration to elevate the experience of tourists.” In June, the Kingdom announced its official Approved Destination Status, effective July 1, following participation in the second China Roadshow and ITB China in Shanghai.
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Eighth Saudi Relief Plane Departs for Lebanon with Essential Aid Supplies
The eighth relief plane of the Saudi air bridge, operated by the King Salman Humanitarian Aid and Relief Center (KSrelief), took off today for Lebanon, bound for Rafic Hariri International Airport with a cargo of food, shelter, and medical supplies.
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A Saudi cartoonist has been sentenced to 23 years in prison, activists say
Al-Ghamdi drew under the pen name Al-Hazza, with some of his cartoons poking fun at challenges during the holy Muslim fasting month of Ramadan, as well as touching occasionally on the politics of the Middle East. But political cartoons, like the content of Arabic-language newspapers in the Gulf states, must carefully thread the needle when discussing the region’s autocratic rulers even in the best of times.
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SBC Concludes Participation in the Saudi-South African Business Forum
The Saudi Business Center (SBC) has concluded its participation in the Saudi-South African Business Forum, which was held yesterday here by the National Competitiveness Center, the Federation of Saudi Chambers of Commerce, and the Department of Trade, Industry and Competition of the Republic of South Africa. SBC participated in the event to raise awareness about the services provided by government partners to the business sector, and to facilitate the initiation and conduct of business in Saudi Arabia.
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Ericsson and KACST Partner to Launch Advanced 5G Gaming Lab in Saudi Arabia
Ericsson and King Abdulaziz City for Science and Technology (KACST) in Riyadh, Kingdom of Saudi Arabia announce their partnership to establish a joint advanced connectivity lab for gaming and beyond at KACST’s premises, named as “Blink Lab”. The lab will feature a private 5G network and serve as a testbed for training, research, product development and commercialization of innovative gaming solutions from from global and local ecosystems.
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Saudi Arabia Participates in G7 Ministerial Meeting in Italy on Global Health Issues
The Kingdom of Saudi Arabia has participated in the G7 Health Ministers' Meeting held in Ancona, Italy, following an invitation from the Group of Seven (G7). The meeting focused on several pressing global health issues, including antimicrobial resistance (AMR), the impact of climate change on health, and efforts to prolong human life, all aimed at strengthening international collaboration to tackle these critical challenges.
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Saudi Arabia hosts Regional Trade Policy Course for Middle East participants
Saudi Arabia, represented by the General Authority of Foreign Trade, is hosting the Regional Trade Policy Course for Middle Eastern countries. Organised in collaboration with the World Trade Organization and King Saud University, the course will run from October 13 to December 5. The eight-week course is designed for government officials from Middle Eastern countries to exchange information, expertise, and enhance communication. It focuses on deepening participants' understanding of the economic and legal aspects of World Trade Organization rules, controls, and procedures.
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How Saudi Arabia is partnering with Denmark in sustainable wastewater management
Denmark’s approach to water sustainability relies on innovative technologies that reduce water wastage while conserving energy and resources. Danish engineering firms like Grundfos are making an impact in Saudi Arabia by introducing solar-powered pumping systems to supply water to remote and off-grid areas where access to electricity may be limited. According to Morten Riis, the company’s group senior director, their water solutions target not only groundwater and rivers but also focus on reducing water loss and optimizing energy consumption in the process.
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Saudi Arabia launches e-karting racing tracks in 6 cities
Six cities in Saudi Arabia are set to get Hot Wheels e-karting racing tracks. The indoor e-karts will be a venture between Saudi Entertainment Ventures (Seven), part of Qiddiya Investment Company (QIC), and US toy maker Mattel. The Hot Wheels e-karting will be available in entertainment complexes such as Riyadh, Makkah, Taif, Al Madinah, Tabuk, and Jazan. In January, Seven and London-headquartered Formula E announced the building of four Formula E-branded indoor karting venues across the kingdom. These will come up in Riyadh, Jeddah, Dammam and Abha.
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Saudi Arabia condemns Israel’s decision to seize UNRWA headquarters land in Jerusalem
The Saudi Ministry of Foreign Affairs has strongly condemned the Israeli occupation authorities’ decision to confiscate the land on which the headquarters of the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) is located in occupied Jerusalem, with the intent to transform it into a settlement outpost.
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