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Recent stories from sustg
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Regional HQ Executives to get Premium Residency Under New Government Scheme to Boost Investment
- October 10,2023
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- SUSTG Team
Saudi Arabia’s Ministry of Investment has developed a mechanism to grant premium residency to executives who base their company’s regional headquarters in the Kingdom, according to reports, in a bid to boost the business environment in the Kingdom and attract more foreign investment.
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Saudi Aramco expands into LNG by buying stake worth $500m in MidOcean Energy
- September 29,2023
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- SUSTG Team
Saudi Aramco, the world’s largest oil-exporting company, has signed a $500 million agreement to buy a minority stake in liquefied natural gas (LNG) company MidOcean Energy. This is Aramco’s first investment in LNG and is part of the company’s efforts to diversify its activity beyond its core oil business. The strategic partnership enables Aramco to tap into […]
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KSA Climbs to 16th in World Competitiveness Ranking
- June 19,2024
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- SUSTG Team
Saudi Arabia advanced to 16th place in the World Competitiveness Ranking 2024, issued by the World Competitiveness Center of the International Institute for Management Development. Saudi Arabia ranked fourth among the G20 countries, supported by improved business legislation and infrastructure.
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Nusuk pilgrim card launched
- May 3,2024
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- SUSTG Team
With the 2024 Hajj expected to begin June 14, Minister of Hajj and Umrah Dr. Tawfiq Al-Rabiah released the Nusuk card by presenting its copy to Indonesian Minister of Religious Affairs Yaqut Cholil Qoumas in Jakarta on Tuesday, April 30, during his official visit to Indonesia.
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Saudi Arabia Condemns Two Deadly “Terrorist” Explosions in Iran; Islamic State Claims Responsibility
- January 4,2024
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- SUSTG Team
Saudi Arabia has condemned two deadly explosions in Iran at a ceremonial procession that killed and injured hundreds and put the region on edge. The explosions struck minutes apart on Wednesday, shaking the city of Kerman, about 820 kilometers southeast of the capital, Tehran.
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Shares of oil and gas driller ADES Holding Climbed Almost 30% above its listing price on its market debut in Riyadh
- October 11,2023
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- SUSTG Team
Shares of oil and gas driller ADES Holding climbed almost 30% above its listing price on its market debut in Riyadh on Wednesday after raising $1.22 billion in an initial public offering last month, according to Reuters.
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As Tourism Sector in Saudi Arabia Soars, Officials Revise Upward Visitor Goals
- September 28,2023
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- SUSTG Team
As the tourism sector continues to outperform in Saudi Arabia, Saudi Arabia’s top officials are revising upward its visitor goals from previously targeted levels which were once considered by some to be unachievable when originally set forth.
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The 966 Episode #131, How growing Saudi sports participation is impacting Saudi fashion, with Reiting Lee, Founder, The Oriental Hybrid
- June 17,2024
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- SUSTG Team
Reiting Lee, fashion strategy consultant and experienced brand specialist joins The 966 and host Richard Wilson for a fascinating Episode #131 to discuss how booming Saudi sports participation is impacting the fashion sector, particularly sportswear and athleisure.
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10th Saudi Film Festival Underway
- May 2,2024
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- SUSTG Team
The 10th Saudi Film Festival runs May 2-9 at the King Abdulaziz Center for World Culture (Ithra) in Dhahran. Debuting in 2008 this year’s edition has two main themes: Indian cinema and sci-fi films.
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Secretary Blinken to Visit Saudi Arabia on Regional Diplomatic Tour to Contain Regional Spread of Violence
- January 5,2024
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- SUSTG Team
U.S. Secretary of State Antony J. Blinken will travel to the Middle East region this week to “discuss urgent mechanisms to stem violence, calm rhetoric, and reduce regional tensions,” according to a press release from the State Department. The State Department said that Blinken will visit Istanbul, Türkiye; Crete, Greece; Amman, Jordan; Doha, Qatar; Abu Dhabi, the […]
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MUST-READS
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Turkey Lifts Objection To Finland, Sweden Joining NATO
NATO leaders will formally invite Finland and Sweden to join the alliance at the summit on Wednesday, though the decision will need to be ratified by the legislative branches of each member. Stoltenberg would not say when he believed Finland and Sweden might formally join the alliance, but noted that it’s been the “quickest-ever process so far” from application to invitation.
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Saudi Crown Prince visit Turkey in major posture change for Erdogan
The crown prince and Erdogan are now aiming to fully normalize their relationship. A joint statement issued following the leaders’ talks detailed a new period of bilateral ties, including the removal of trade restrictions, more scheduled talks and a possible currency swap. This comes as Turkey faces an economic crisis, with inflation at a record high of more than 70% and a severely depreciated currency. The Turkish lira has lost more than half of its value in the last year.
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Turkey’s wartime bridge to the West is collapsing
Russia’s unprovoked war of aggression in Ukraine has forced countries around the world to reexamine their geopolitical choices. Turkey, a strategic partner to both of the states at war, has been affected more than most nations. Caught in a lose-lose situation where taking any side in the conflict would lead to a major rupture with the other partner, it has tried to maintain amicable relations with both Russia and Ukraine.
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Reports: Turkey thwarts attack ahead of visit by Israeli FM
Turkish authorities have detained five Iranians suspected of planning attacks on Israelis ahead of Thursday’s visit to Turkey by Israeli Foreign Minister Yair Lapid, Turkish media reports said. Lapid arrived in Turkey on Thursday for talks with Turkish counterpart Mevlut Cavusoglu as the two countries press ahead with efforts to repair ties that have been strained over Turkey’s strong support for the Palestinians.
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Saudi crown prince, Erdogan meet in Turkey with ‘full normalization’ in sights
Saudi Crown Prince Mohammed bin Salman arrived in Turkey for the first time in years on Wednesday for talks with President Tayyip Erdogan aimed at fully normalising ties that were ruptured after the murder of Saudi journalist Jamal Khashoggi. The visit marks a step in efforts by the de facto Saudi leader to rehabilite his image beyond the Gulf, and comes as Erdogan seeks financial support that could help relieve Turkey's beleaguered economy ahead of tight elections for the president.
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Saudi crown prince, Erdogan to meet in Turkey with ‘full normalisation’ in sights
In April, Erdogan held one-on-one talks with Prince Mohammed in Saudi Arabia after a months-long drive to mend relations between the regional powers, including dropping the Turkish trial over Khashoggi's 2018 murder in Istanbul. Erdogan said last week he and Riyadh's de facto leader would discuss "to what much higher level" they can take ties during talks in Ankara.
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Saudi Arabia Lifts Travel Ban to Turkey Ahead of Crown Prince MBS Visit
Saudi Arabia ended a ban on travel to Turkey on Monday, re-opening a major channel for tourism and investment ahead of a visit by the crown prince to help repair ties. Saudi citizens will once again be allowed to travel to Turkey, Ethiopia, Vietnam and India, the Interior Ministry said, linking the decision to developments in the pandemic. Travel to Turkey and several other countries was prohibited for Saudi nationals during the Covid-19 health emergency, with the threat of a three-year ban on foreign travel for violators. The decision coincided with a period of particularly tense relations between the two regional powers.
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Saudi Crown Prince To Visit Egypt, Jordan Ahead Of Turkey
Saudi Crown Prince Mohammed bin Salman begins a regional tour Monday in Egypt that will also take him to Turkey to bolster regional ties, a Saudi diplomat said. After Cairo, Prince Mohammed, Saudi Arabia's de facto leader, will travel to Jordan and then on to Turkey, the diplomat said.
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Turkey struggles to push Russia, Ukraine into grain deal to avert food crisis
Turkish efforts to ease a global food crisis by negotiating safe passage for grain stuck in Black Sea ports met resistance as Ukraine said Russia was imposing unreasonable conditions and the Kremlin said free shipment depended on an end to sanctions. The war between Russia and Ukraine, the world's third and fourth largest grain exporters respectively, has added to food price inflation and put global food supplies at risk.
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After Lavrov meeting, Turkey says Ukraine grain-export plan reasonable
Speaking alongside Russian Foreign Minister Sergei Lavrov, Turkey's Mevlut Cavusoglu said their meeting in Ankara was fruitful, including a perceived will to return to negotiations between Moscow and Kyiv for a possible ceasefire.
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