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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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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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‘Massive’ Coral Colony Discovered on Saudi Arabia’s Al-Waqadi Island is First in Region
- September 7,2021
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- SUSTG Team
A team of marine scientists and environment experts working for the Red Sea Development Company found a massive and unique coral reef south of Al-Waqadi Island off of Saudi Arabia’s coastline, Arab News and the Saudi Press Agency report.
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Report: Potential Showdown Looms as PGA Tour Says it Wont Allow Players to Compete in Saudi International
- July 30,2021
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- SUSTG Team
The PGA Tour will refuse to allow some of its biggest stars to play in the Saudi International golf tournament next year in response to the Saudi Public Investment Fund’s backing of a new challenging tour to rival the PGA, according to a report in Golf Week.
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Saudi Arabia’s Rock Art Complex Hima Gets Sought-After UNESCO World Heritage list Designation
- July 27,2021
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- SUSTG Team
Hima, one of the largest rock art complexes in the world located in Saudi Arabia, has landed on UNESCO’s World Heritage list, the sixth such location in the Kingdom to receive the sought-after designation, according to reports. Entered into UNESCO’s listings as the Ḥimā Cultural Area, the incredible rock art is located in an arid, mountainous area of […]
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Biden Administration, Saudi Arabia ‘Working Closely on Multiple Fronts’, Top Embassy Spokesman Fahad Nazer Says
- July 12,2021
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- SUSTG Team
Saudi Arabia and the Biden Administration are working closely on multiple fronts as strategic allies to resolve regional conflicts, the Royal Embassy of Saudi Arabia in Washington’s top spokesperson, Fahad Nazer, said in an interview with Frank Kane of Arab News.
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Saudi Screening of Hajj Applicants Enters Second Stage as 560k Apply for Only 60k Spots
- June 25,2021
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- SUSTG Team
The second stage of the selection process for 60,000 places available at the Hajj pilgrimage in 2021 began on Friday, The National reports, with applications being sorted according to health status.
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U.S. State Department Blasts Yemen’s Houthis, Says Iran-Backed Group Bears ‘Major Responsibility’ in Conflict
- June 4,2021
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- SUSTG Team
The Biden administration’s State Department on Friday blamed Iran-aligned Houthis for the failure of a ceasefire to take hold in Yemen and accused them of failing to take additional meaningful steps to end the conflict, Reuters and other news agencies report. “While there are numerous problematic actors inside of Yemen, the Houthis bear major responsibility for refusing to engage […]
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Saudi Arabia, Arab League Blast Israel’s ‘Excessive Force’ in Gaza
- May 12,2021
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- SUSTG Team
Saudi Arabia’s foreign minister on Tuesday condemned Israel’s attempts to evict Palestinians from their homes, as the Kingdom and the Arab League “angrily denounce” what they call the use of excessive force in Gaza.
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Saudi Economy: TASI Rises in April, and Consumer Spending Bounces Back
- April 30,2021
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- SUSTG Team
Recent data on Saudi Arabia’s economy showed a mixed picture for the Kingdom, with non-oil PMI trending lower in March, month-on-month, while remaining in expansionary mode, according to Jadwa Investment and official government figures.
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MUST-READS
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PakistanPakistan to tell U.S. it won’t accept limits on tactical nuclear arms
Pakistan insists smaller weapons would deter a sudden attack by its bigger neighbor India, which is also a nuclear power. But the United States worries tactical weapons may further destabilize an already volatile region because their smaller size makes them more tempting to use in a conventional war.
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AfghanistanMeet the massive guns protecting U.S. bases from rocket attacks in Afghanistan
Deep in the countryside, Taliban fighters take aim at U.S. military bases with indirect fire: in particular, cheap and ubiquitous Chinese-made 107mm rockets. The U.S. Army’s answer: A series of massive six-barreled, 20mm Gatlin guns that spew up to 75 rounds per second.
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U.S. - SaudiU.S. Companies See Saudi Opportunities Even With Spending Cuts
U.S. architecture and engineering companies are pursuing investment opportunities in Saudi Arabia even as the Arab world’s largest economy curbs spending on projects.
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MERSWorld health chief says U.S., Saudi discussing MERS vaccine
The United States and Saudi Arabia may prepare a vaccine for Middle East Respiratory Syndrome (MERS) to try and head off the next outbreak of the disease, the head of the World Health Organization (WHO) said on Tuesday.
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U.S. - IsraelIsrael, U.S. signal security ties back on track after Iran feud
Israel and the United States signaled on Sunday they were starting to put disputes over the Iran nuclear deal behind them, announcing resumed talks on U.S. defense aid for Israel as it hosted Washington's top general and a joint air force drill.
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Saudi NavyU.S. Said to Approve $11 Billion Saudi Buy of Littoral Ships
The State Department has approved the sale under the Foreign Military Sales program, according to the official, who asked not to be identified in advance of an announcement. The approval allows the Saudis to negotiate contracts for the ships unless Congress passes legislation to block the deal.
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Al-QaedaU.S.: Al-Qaeda leader killed in Syrian airstrike
Sanafi al-Nasr, the highest ranking leader of the network of veteran al-Qaeda operatives sometimes called the Khorasan Group, was killed Thursday, the Pentagon said.
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LockerbieU.S., Scottish investigators have two new suspects in Lockerbie bombing
Scottish and U.S. investigators have identified two new Libyan suspects in the Lockerbie airline bombing almost 27 years ago which killed 270 people, authorities in the two countries said on Thursday.
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TurkeyTurkey slams U.S. over reported weapons supply to Syria Kurds
Turkey's Prime Minister Ahmet Davutoglu has complained to the U.S. ambassador about reports of possible weapons aid to Syrian Kurdish forces that are affiliated with Turkey's Kurdish rebels.
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SyriaU.S., Russia finalizing document on Syria air safety: U.S. official
The U.S. and Russian militaries are finalizing a memorandum of understanding that sets out basic air safety procedures in the skies above Syria, a U.S. official said after the latest round of talks between the former Cold War foes on Wednesday.
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