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US President Biden, Crown Prince Mohammed bin Salman Exchange Warm Greeting, Handshake at G20
- September 11,2023
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- SUSTG Team
President Joe Biden “warmly greeted” Crown Prince Mohammed bin Salman after they appeared together along with several other leaders at the Group of 20 summit Saturday in New Delhi, India, according to the Associated Press, as relations between the two nations continue on an upswing in recent months.
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Understanding Vision 2030’s impact on media perceptions of Saudi Arabia’s with Rawan Hashem; also, Hevolution’s rise, Tourism in KSA and much more
- September 8,2023
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- SUSTG Team
Episode 102! Rawan Hashem from the data insights firm Carma joins The 966 to discuss evolving media perspectives of Saudi Arabia and Vision 2030. Before the conversation, the hosts discuss the new organization in Saudi Arabia, called Hevolution, and its $1 billion mission to advance humanity’s fight against aging based on a recent Wall Street Journal article from this […]
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Goldman Sachs Sees Saudi and Russia Supply Cuts as Adding Upside Risk to Previous Forecast
- September 7,2023
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- SUSTG Team
Goldman Sachs Commodities Research said Saudi Arabia and Russia’s extension of voluntary supply cuts posed bullish risks to their crude price forecasts, raising a possibility that Brent could jump as high as $107 a barrel next year, according to a report in Reuters.
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Report – Middle East Hotel Project Count Hits All-Time High
- September 6,2023
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- SUSTG Team
The Middle East region continues to show steady pipeline growth in hotel projects in the second quarter of 2023, with the highest project count since Q1 2020, according to the recent Middle East Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE).
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Saudi Arabia Said to Weigh Investing in ‘Made in Italy’ Fund; Italy’s Eni and ACWA Power Sign Green Hydrogen Deal
- September 4,2023
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- SUSTG Team
Italy and Saudi Arabia are in talks about a potential Saudi investment in Rome’s new strategic fund, Italy’s Industry Minister Adolfo Urso said on Monday, as the two signed a deal to forge closer economic relations, particularly in energy, Reuters reports. The “Made in Italy” fund was approved in May and will have an initial endowment of […]
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Zurich-based UBS projects Middle East digital economy to quadruple by 2030; outpacing global average
- August 31,2023
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- SUSTG Team
The Middle East’s digital economy is projected to grow from $180 billion to about $780 billion by 2030. A 20% compound annual growth significantly outpacing the global average.
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Saudi Arabia’s PIF Invests $100 Million in the US-based Professional Fighters League Mixed Martial Arts
- August 30,2023
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- SUSTG Team
Saudi Arabia’s Public Investment Fund, using a new investment vehicle, will reportedly make the Kingdom’s first foray into mixed martial arts (MMA) by investing $100 million in the US’s Professional Fighters League and creating a regional tournament, the Financial Times reports.
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New Murabba Development Company Awards Industry-Leader Bechtel with PMC Contract for Masterplan, Site-Wide Infrastructure
- August 29,2023
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- SUSTG Team
The Saudi-based, PIF-owned New Murabba Development Company has announced that Bechtel, the leading engineering and construction company, has been awarded a key contract to provide project management services for the New Murabba development in the capital Riyadh.
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Saudi Arabia’s Ades International Holding Set to List in Riyadh, May Be Kingdom’s Largest IPO in 2023
- August 28,2023
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- SUSTG Team
Saudi Arabia’s Ades International Holding is set to list in Riyadh, a deal that’s set to be the kingdom’s largest initial public offering this year, according to reports.
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Saudi Arabia gets a BRICS invite, a lightning strike on Mecca’s clocktower, and leading Riyadh-based architect Nadia Maqbool Al Lawatiya joins The 966
- August 25,2023
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- SUSTG Team
Nadia Maqbool Al-Lawatiya, a leading Riyadh-based architect and urban designer who is closely familiar with Salmani architecture, joins The 966 to share her journey and discuss some of the themes and thinking behind the new style emerging from Saudi Arabia. Nadia listened to a previous episode of The 966 on Salmani architecture and joins for this episode […]
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MUST-READS
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Saudi pavilion at Venice Biennale charts the evolving role of women in the kingdom
Saudi visual artist Manal Al Dowayan is known for her research-based, participatory practice, placing community voices at the forefront of her artwork. Her exhibition for the National Pavilion of Saudi Arabia at this year’s Venice Biennale is no different.
Titled Shifting Sands: A Battle Song, curated by Jessica Cerasi and Maya El Khalil, Al Dowayan’s multimedia installation is inspired by the evolving role of women in Saudi Arabia. It is rooted in three workshops that took place across the country, where she engaged with more than 1000 women from all walks of life.
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Pakistan says will continue ‘constructive engagement’ with Riyadh to enhance economic, strategic partnership
Pakistan’s foreign office said on Friday the South Asian country would continue its “constructive engagement” with the Kingdom of Saudi Arabia to enhance economic and strategic partnerships between the longtime allies. Saudi Foreign Minister Faisal bin Farhan Al Saud came to Islamabad on a two-day visit this week aimed at strengthening bilateral economic cooperation and pushing forward previously agreed investment deals. Pakistan has said it pitched investment projects worth$30 billion to Riyadh during Prince Faisal’s visit.
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Saudi Arabia starts reducing payment of accumulated traffic fines by 50% today
The General Department of Traffic (GDT) started today, April 18, reducing the payment of accumulated traffic fines by 50%. The decision applies traffic violations committed by Saudi nationals, residents, visitors, and GCC nationals before today, GDT said in a statement. To benefit from the decision, the violator should pay all accumulated fines within six months, starting from April 18 until October 18, 2024.
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Raytheon Saudi Arabia enters strategic partnership with GAMI
The initiatives include exploring the manufacturing and testing of a number of key components within the Kingdom’s Patriot air defence system - including the production of the Patriot missile launcher with Arabian International Company (AIC) for Steel, the manufacturing of the GEM-T missile canister with Zahid Industries, and the final assembly, integration, and testing of the Patriot GEM-T effector with Saudi Arabian Military Industries (SAMI).
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Sources deny Saudi Arabia’s participation in intercepting Iranian attacks on Israel
Informed sources denied to Al Arabiya on Monday Saudi Arabia’s participation in intercepting Iranian drones during its attack on Israel on Saturday. Israeli news websites had published statements attributed to an official Saudi website stating that the Kingdom participated in the recent defense coalition that confronted the Iranian attacks. “There is no official website that published a statement about Saudi participation in intercepting attacks against Israel,” the sources told Al Arabiya.
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Saudi defense minister receives phone call from US counterpart
Saudi Minister of Defense Prince Khalid bin Salman received on Sunday a phone call from U.S. Secretary of Defense Lloyd Austin. During the call, they reviewed the strategic partnership between the two countries in the military and defense fields and ways to strengthen them. The ministers also discussed the recent military escalation in the region, the danger of its repercussions, and the efforts being exerted to contain these developments in a way safeguarding international peace and security, the Saudi Press Agency reported.
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Saudi Arabia starts revealing names of arrested harassers
The Saudi security authorities have begun announcing the names of those arrested on harassment charges. In a press statement issued on Friday, Makkah police revealed for the first time the full name of the accused while announcing the arrest of an Egyptian expatriate for harassing a woman.
The police said that legal measures were taken against the arrested Egyptian, Walid Al-Sayed Abdel Hamid, and that he was referred to the Public Prosecution. -
Biden tells Netanyahu US would not take part in Israeli counter strike against Iran
President Joe Biden has told Israeli Prime Minister Benjamin Netanyahu that the United States would not participate in any Israeli counter-offensive against Iran, U.S. officials said on Sunday.Iran launched hundreds of drones and missiles at Israel on Saturday night in response to a suspected Israeli attack on Iran's Syria consulate on April 1.In a statement issued late on Saturday following the attacks, Biden said he told Netanyahu that Israel had "demonstrated a remarkable capacity to defend against and defeat even unprecedented attacks."
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Miss Universe organization disputes reports of Saudi Arabia’s participation in 2024 pageant
The Miss Universe Organization is disputing a flurry of what it calls “false and misleading” reports of Saudi Arabia’s participation in its 2024 pageant — news that, were it true, would have marked the Middle Eastern country’s debut. “No selection process has been conducted in Saudi Arabia, and any such claims are false and misleading,” the pageant said in a statement provided to CNN and released on its official website.
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Foreign liaison visit strengthens Naval supply partnership between US, Saudi Arabia
A delegation from Naval Supply Systems Command Weapon Systems Support (NAVSUP WSS) embarked on a significant foreign liaison visit to the Kingdom of Saudi Arabia to support maritime and aviation cooperation March 3. “Inviting our team to Saudi Arabia to discuss current and future capabilities is a testament to the value of open communication,” expressed Cmdr. Albert Sonon, NAVSUP WSS, Director of International Programs. “Sustaining weapon systems is not just an individual task but a collective effort between Nations.” The NAVSUP WSS International Programs delegation’s objective was to meet with key Saudi Arabian officials and discuss various aspects of logistical support and readiness capabilities.
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