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Saudi Aramco Chief Says World’s Spare Oil Supplies Are Falling Rapidly, Urges Production Investment
- October 27,2021
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- SUSTG Team
Saudi Aramco’s CEO Amin Nasser said that oil-output capacity across the world is dropping quickly and companies need to invest more in production, according to a story in Bloomberg. It’s a “huge concern,” Nasser said in an interview in Riyadh. “The spare capacity is shrinking.”
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An Exclusive Interview with Lina Almaeena on The 966 Podcast
- October 20,2021
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- SUSTG Team
The 966 interviews Saudi Arabia’s Lina Almaeena, who spent well over a decade leading the charge for women’s sports in Saudi Arabia after co-founding Jeddah United Sports Club in 2006. Almaeena then served on Saudi Arabia’s consultative body, the Shura Council, and continues to work to advance women’s empowerment in Saudi Arabia in line with […]
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Saudi FM Prince Faisal bin Farhan, Ambassador Reema bint Bandar Meet with Secretary of State Blinken in Washington
- October 15,2021
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- SUSTG Team
Saudi Foreign Minister Prince Faisal bin Farhan Al Saud and Saudi Ambassador to the United States Princess Reema Bint Bandar Al-Saud met with U.S. Secretary of State Antony Blinken in Washington on Thursday, and “exchanged views on Iran’s nuclear program and international talks on the matter,” according to a statement from Saudi Arabia’s foreign ministry […]
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An Interview with the IMF’s Abdullah Hassan, Former Sous-Sherpa for Saudi Arabia for the G20 Meetings
- October 14,2021
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- SUSTG Team
In 2020, Saudi Arabia became the first Arab nation to assume the G20 presidency. Hosting the G20 is a massive undertaking, involving close to two years of event planning, policy development and strategy, and much more.
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Biden Administration Welcomes Saudi Engagement with Iran, Talks Still in ‘Exploratory Phase’
- October 5,2021
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- SUSTG Team
The U.S. said it welcomes the news of direct communication between Saudi Arabia and Iran, Jennifer Gavito, deputy assistant secretary for Iran and Iraq at the State Department’s Bureau of Near Eastern Affairs, told CNBC’s Dan Murphy in Dubai.
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Saudi Arabia Adjusts Fiscal Outlook for 2022, Jadwa Investment Sees ‘Conservative’ Approach by Saudi Ministry of Finance
- October 4,2021
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- SUSTG Team
Saudi authorities released a preliminary budget statement for the 2022 fiscal year on 30th September 2021, and some fiscal and economic indicators were revised for the medium term. According to a report and analysis by Jadwa Investment, the main adjustment to Saudi Arabia’s fiscal outlook “relates to government revenue, with the upward revision to revenue from 2022 […]
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Unemployment Among Saudi Citizens Hits Lowest in the Decade as Economy Continues Recovery
- September 30,2021
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- SUSTG Team
Unemployment of Saudi citizens dropped to 11.3% in the second quarter of this year, the lowest in a decade, according to the government’s General Authority for Statistics, as signs continue to mount that the Saudi economy is continuing to recover from the global pandemic.
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U.S. National Security Adviser Jake Sullivan Visits Saudi Arabia, Meets with Crown Prince Mohammed bin Salman
- September 28,2021
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- SUSTG Team
President Joe Biden’s national security adviser, Jake Sullivan, visited Saudi Arabia on Monday and met with Crown Prince Mohammed bin Salman, according to reports.
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Residential Mortgages Soar in Saudi Arabia; Commercial Rents in Riyadh See Post-Pandemic Recovery
- September 21,2021
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- SUSTG Team
Roughly five years after the launch of the Kingdom’s National Transformation Plan (NTP), a key part of the Saudi Arabia’s Vision 2030 social and economic masterplan, Saudi is seeing major initial progress in the real estate sector, with new residential mortgages soaring 1000% since 2016, according to a report from industry powerhouse KnightFrank.
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Crown Prince Launches Major Education Reform with ‘Human Capability Development Program’
- September 16,2021
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- SUSTG Team
Saudi Arabia is set to undertake a top-to-bottom overhaul of the Kingdom’s education system to better prepare citizens to find jobs and tackle intolerance, according to an announcement on the Vision 2030 website and other reports.
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MUST-READS
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Water ProjectsSaudi government launches more than 100 projects worth US$ 1.3 bn
These projects include purification and pumping stations, as well as the expansion and upgrading of treatment plants and implementation and completion of projects and household connections, lines for the transfer of drinking water and sewage facilities, remarked Abdulrahman Al Fadli.
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Housing1.6 million Saudis on waiting lists for government housing programme
State funds will provide seed capital but Riyadh hopes private firms and banks will provide much of the investment and bear some of the risk. “We are now developing the PPP (public-private partnership) programmes with local and international developers. We hope by having both of them and by adopting new building technologies, we can respond to the demand within five years,” Al Hogail added.
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Saudi Cost-CuttingSaudi government says making faster than expected progress in cutting costs
Saudi Arabia's government is making faster than expected progress in cutting costs and that is the main reason for a stronger budget position so far this year than originally projected, a top official said on Thursday.
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Cabinet ChangesSaudi king swears-in new Saudi government officials after reshuffle
Saudi princes and ministers recently appointed to new posts included Governor of Baha region Prince Dr. Hossam bin Saud bin Abdulaziz, Governor of Hail region Prince Abdulaziz bin Saad bin Abdulaziz, Governor of Northern Borders region Prince Faisal bin Khalid bin Sultan bin Abdulaziz, Deputy Governor of Asir region Prince Mansour bin Muqrin bin Abdulaziz and Deputy Governor of Madinah region Prince Saud bin Khalid bin Faisal bin Abdulaziz.
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JASTA AftermathRelatives of 9/11 victims sue Saudi government over 2001 attacks
In step with a new federal law, the families of more than 2,000 victims of terrorism have filed a civil lawsuit against the government of Saudi Arabia -- seeking restitution for the unprecedented 2001 attacks on the United States.
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Saudi BinladinSaudi Binladin obtains fresh payments from government -sources
SBG has received 2.4 billion riyals ($640 million) so far this year for its work on state projects including the King Abdulaziz International Airport in Jeddah, one banker said, declining to be named because the matter is not public.
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CMA RegulationsSaudi market regulator passes new Corporate Government Regulations
The Regulations have set detailed provisions on the composition of Board of Directors and committees in terms of competencies, responsibilities, meetings, members’ rights and duties.
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Vision 2030Saudi clamps down on government worker sick leave
Saudi Arabia’s Ministry of Civil Service has reportedly made it made difficult for government staff to claim sick leave. The new rules come following the introduction of performance-led bonuses and other measures in recent months as the kingdom seeks to improve punctuality and rein in spending.
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Airport ProjectsSaudi government approves land for upcoming airport projects
Saudi government has approved two prime locations – Sudair City for Industry and Businesses and Riyadh-Hawtat Rani Tamim Road – for its upcoming airport projects, said a report.
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Civil Service RegulationsSaudi introduces new limits on office size for senior government positions
The new requirements come in the belief that well-kept offices will improve performance, cut down absenteeism and increase productivity.
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