SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

Recent stories from sustg

MUST-READS

  • Mancini denies interference in his former Saudi Arabia job

    Roberto Mancini on Thursday dismissed claims that he had encountered interference during his spell at the helm of the Saudi Arabia national soccer team. The 60-year-old Italian left his position on Oct. 24, some 14 months after taking over from Herve Renard, who is now leading the team at the Arabian Gulf Cup held in Kuwait. Under Mancini, the Saudis were knocked out of the Asian Cup in the last 16 earlier this year after losing in a penalty shootout to South Korea. “I would like to say this for the last time, during my career there was absolutely no interference in the selection of players and I am happy with my experience and work in Saudi Arabia,” he posted on the X social media platform.

  • Saudi defense minister meets Lebanese army commander

    Saudi Minister of Defense Prince Khalid bin Salman met with Lebanese Armed Forces Commander General Joseph Aoun in Riyadh on Thursday. The meeting focused on reviewing military and defense relations between Saudi Arabia and Lebanon. They also discussed the latest developments in Lebanon and ongoing efforts to address them. Several officials from both sides were present at the meeting.

  • Rafael Nadal on post-retirement goals, promoting tennis in Saudi Arabia and his ATP Finals regret

    Part of Nadal’s future involves helping promote tennis in Saudi Arabia as an ambassador for the Saudi Tennis Federation, a role he took on back in January. Last week, he spent three days in Jeddah immersing himself in the tennis community in the Red Sea city, and learning more about Saudi culture. He attended the Next Gen ATP Finals at King Abdullah Sports City, took part in daily meet-and-greets, engaged with hundreds of kids in tennis clinics, took part in the award ceremony of an under-14 Asian tennis tournament, met the Saudi Davis Cup team as well as a group of junior wheelchair players, spoke at a coaches’ conference, and lots more. It was Nadal’s third visit to the kingdom – and first time in Jeddah – and he is still learning more about the tennis landscape there. “For me, it’s an opportunity, first of all, to know a different culture,” said Nadal of why he decided to become an STF ambassador.

  • Saudi Arabia considers purchasing 100 KAAN fighter jets from Türkiye: Media

    Saudi Arabia is reportedly evaluating the acquisition of 100 KAAN fifth-generation fighter jets from Türkiye, signaling a potential deepening of defense industry cooperation between the two nations. According to a report by Milliyet, high-level discussions have been held in Istanbul between Turkish and Saudi defense officials, including head of the Presidency of Defense Industries Haluk Gorgun, Saudi Deputy Minister of Defense Khaled Bin Hussein Al Biyari, and Saudi Air Force Commander Turki bin Bandar Al Saud. The meetings, which span three days, are aimed at establishing collaboration on large-scale defense projects such as KAAN, Türkiye’s indigenous fifth-generation fighter jet.

  • Saudi Arabia leverages project management to achieve Vision 2030 milestones

    Saudi Arabia’s success under Vision 2030 is evident across several key sectors. With 87 percent of initiatives either completed or on track, the Kingdom has made significant strides in improving its business environment, generating employment, and advancing major projects like NEOM and the Red Sea Project. Badr Al-Dulami, deputy minister of transport and logistics services for roads affairs, described project management as the “pulse of transformation,” underscoring its role in fostering competitiveness and innovation.

  • WHO chief says he was at Yemen airport as Israeli bombs fell nearby

    A wave of Israeli airstrikes hit Yemen's main airport Thursday just as the World Health Organization’s director-general said he was about to board a flight there. One of the U.N. plane’s crew was wounded, WHO chief Tedros Adhanom Ghebreyesus said in a post on X. The Israeli military said it attacked infrastructure used by Yemen's Houthi rebels at the international airport in the capital Sanaa, as well as power stations and ports, alleging they were used to smuggle in Iranian weapons and for the entry of senior Iranian officials. Last week, Israeli jets bombed Sanaa and Hodeida, killing nine people. The U.S. military also has targeted the Houthis in Yemen in recent days. Israel's latest wave of strikes in Yemen follows several days of Houthi launches setting off air-raid sirens in Israel. The Houthis have also been targeting shipping in the Red Sea corridor, calling it solidarity with Palestinians in Gaza.

  • Saudi foreign minister takes part in GCC extraordinary meeting in Kuwait

    Saudi Minister of Foreign Affairs Prince Faisal bin Farhan took part in the 46th extraordinary meeting of the Gulf Cooperation Council’s ministerial council in Kuwait on Thursday. Ministers and officials from GCC countries discussed the latest developments in Syria, Lebanon, and Gaza. They stressed the need to uphold Syria’s sovereignty, independence, and territorial integrity after the fall of Bashar Assad’s regime in early December. The ministerial council rejected foreign interference in Syrian affairs and called for Western sanctions that have weakened the country’s economy to be lifted, the Saudi Press Agency reported.

  • Individual investment portfolios in Saudi stock market grows 12% in 3Q 2024

    The number of individual investment portfolios in the Saudi main stock market achieved a year-on-year growth of approximately 12 percent in the third quarter of 2024, reaching 12,755,615 investment portfolios. This figure records an increase of more than 1.32 million investment portfolios, compared to the same period in 2023, when it stood at 11,434,692 investment portfolios, according to the quarterly statistical bulletin issued by the Capital Market Authority.

  • Saudi Fund for Development and World Bank Group Sign Landmark MoU for Global Sustainability

    The Saudi Fund for Development (SFD) and the World Bank Group have signed a pivotal memorandum of understanding (MoU) to advance international development cooperation and promote sustainable growth in emerging economies. The agreement was formalized by SFD Chief Executive Sultan Abdulrahman Al-Marshad and World Bank President Ajay Banga during the 2024 annual meetings of the International Monetary Fund (IMF) and the World Bank.

  • The Architect of Saudi Arabia’s Investments

    Born in Saudi Arabia, Yasir Al-Rumayyan earned a degree in accounting from King Faisal University and later attended Harvard Business School’s Program for Management Development. His education equipped him with a strong foundation in financial management, which he applied early in his career at prominent institutions like the Saudi Hollandi Bank, where he gained experience in asset and risk management. Al-Rumayyan’s rise in the financial sector was swift. He joined the Capital Market Authority (CMA) of Saudi Arabia, where he played a key role in developing the kingdom’s financial markets. This experience solidified his reputation as a forward-thinking leader capable of navigating complex economic landscapes.