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Politico Features Princess Reema Bint Bandar: ‘The Woman Trying to Mend U.S. Relations With Saudi Arabia’
- October 31,2019
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- SUSTG Team
Politico magazine published a feature-length, in-depth profile and interview with Saudi Arabia’s recently appointed ambassador to Washington, Princess Reema Bint Bandar Al Saud. In her first interview since arriving in Washington, the ambassador says she “was well aware that neither her résumé nor her history of advocacy on behalf of women will easily change the […]
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Future Investment Initiative 2019 Begins Tomorrow in Riyadh; Finance, Global Leaders Set to Attend
- October 28,2019
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- SUSTG Team
The third installment of Saudi Arabia’s mega-conference, the Future Investment Initiative (FII) will kick off tomorrow October 29th at the Ritz Carlton in Riyadh. The Kingdom is expecting to see over 6000 attendees with over 275 speakers from over 30 countries. FII is billed as an international platform for expert-led debate between global leaders, investors and […]
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Saudi Arabia Celebrates Major Progress, Accomplishments in latest ‘Ease of Doing Business’ Ranking
- October 25,2019
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- SUSTG Team
Saudi Arabia jumped a whopping 30 places in the annual World Bank ‘Ease of Doing Business’ report for 2020, a survey of business efficiency in 190 countries, and was the top reforming country in the study this year. The Kingdom’s ranking at 62nd in the world is the highest ranking since the bank launched its “Doing […]
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Saudi Aramco delays planned IPO until after earnings update, seeks local listing
- October 18,2019
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- SUSTG Team
Saudi Aramco has delayed the planned launch of its initial public offering “in hopes that pending third-quarter results will bolster investor confidence in the world’s largest oil firm,” Reuters reports, citing two sources familiar with the matter. The slight delay allows Saudi Aramco to reassure investors by first presenting results covering the period in which two […]
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To the Delight of Fans, Saudis Play Soccer Match in West Bank for First Time in Decades
- October 15,2019
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- SUSTG Team
Saudi Arabia’s soccer team will play against the national team in Palestine in the West Bank for the first time in over a decade, delighting fans from both sides. The match, planned for Tuesday, has “electrified Palestinians” not just because it’s a World Cup qualifying match, but because it’s a home game actually played at […]
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Law Firm Pillsbury Analyzes First Cases in Saudi Arabia’s New Bankruptcy Law
- October 11,2019
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- SUSTG Team
Law firm Pillsbury published a research note highlighting the recently passed bankruptcy law in Saudi Arabia that incorporated modern alternatives to liquidating businesses in the Kingdom, using the first cases decided by the Saudi judiciary as case studies. “For several years now, judges in [bankruptcy] courts have been involved in seminars and training workshops to help prepare them to rule […]
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Saudi Arabia has Selected Haifaa Al Mansour’s ‘The Perfect Candidate’ as its Official Entry for the 2020 Oscars
- October 4,2019
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- SUSTG Team
Saudi Arabia has selected Haifaa Al Mansour’s The Perfect Candidate as its official entry for the 2020 Oscars in the best international feature category, according to reports. Haifaa Al Mansour’s “The Perfect Candidate” is about a Saudi doctor who challenges the patriarchal system in her country by running in municipal elections. Al Mansour is one of the Kingdom’s best-known […]
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Travelers Arrive in Saudi Arabia on Newly-Issued Tourist Visas
- October 2,2019
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- SUSTG Team
First visitors have arrived in Saudi Arabia on new tourist visas as Saudi Arabia looks to attract visitors and investment into the Kingdom. Saudi Arabia announced a new tourist visa scheme on Friday that will see the Kingdom open up to international leisure travelers for the first time, a historic milestone in a broader push to diversify and modernize its economy and society. […]
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Range of ‘Positive Developments’ Seen in Latest Saudi Economic Data for August 2019
- October 1,2019
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- SUSTG Team
Economic data for Saudi Arabia for the month of August revealed a number of “positive developments” in several areas, according a recently-released monthly chartbook report by Jadwa Investment. The Riyadh-based bank noted that POS transactions rose by 18 percent year-on-year, while non-oil PMI index edged up, and cement sales and production rose by 12 percent and […]
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Saudi Arabia’s Financial Sector Development Program Sees ‘Fair Level of Progress’, Report Says
- September 20,2019
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- SUSTG Team
A recently-released report from Jadwa Investment finds “a fair level of progress on most areas” in the Kingdom’s important Financial Sector Development program (FSDP), encouraging news for the diversification of Saudi Arabia’s economy and modernization of its financial sector. The FSDP, one of the Kingdom’s Vision 2030 ‘Vision Realization Programs’ (VRPs), aims to develop a diversified […]
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Israel mounts Jenin operation in West Bank; killing several Palestinians
Israel launched extensive air and ground attacks on Jenin starting early Monday, striking what it called a militant “operational command center” in a further escalation in the occupied West Bank city that is a hub of armed Palestinian resistance.
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Israeli drones strike West Bank in major operation
Israeli forces hit the city of Jenin with drone strikes during an overnight operation on Monday that included hundreds of troops and set off a gunbattle lasting into the day, killing at least seven people in a major escalation of West Bank violence. With drones clearly audible overhead and the sounds of gunfire and explosives heard across the city hours after the strikes, the Jenin Brigades, a unit made up of militant groups based in the city's crowded refugee camp, said it was engaging the Israeli forces and shot down one of the unmanned aircraft.
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Turkey’s central bank hikes interest rate to 15% in dramatic U-turn to fight inflation
Turkey’s central bank jacked up the country’s key interest rate Thursday, almost doubling it from 8.5% to 15% as the new economic administration of recently re-elected President Recep Tayyip Erdogan embarked on a dramatic monetary policy U-turn. The bank said that there will be further gradual monetary tightening until the inflation picture in the country improves.
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Michael Boxall: Soccer match between New Zealand and Qatar abandoned at halftime amid racial abuse allegations
Two soccer federations are at loggerheads after a match between New Zealand and Qatar was abandoned at halftime on Monday, with both disputing the events preceding the game’s abrupt end. The New Zealand team refused to take to the pitch after halftime in protest at an alleged racial slur made towards defender Michael Boxall, saying that no action was taken. “Michael Boxall was racially abused during the first half of the game by a Qatari player,” New Zealand Football said in a statement on social media shortly after the abandonment. “No official action was taken so the team have agreed not to come out for the second half of the match.”
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Why Saudi Arabia, UAE banned release of new Spider-Man movie?
According to Saudi Cinema, which is run by the General Commission for Audiovisual Media, Spider-Man will not be released in some parts of the Gulf region as it ‘contradicts the content controls in force’, reports Unilad. While the reason for the ban is unknown, many speculate that it has to do with the brief appearance of the pro-trans flag, with many fans speculating that Gwen’s character is transgender.
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Saudi Arabia bans new Spider-Man movie that features transgender flag
A few issues of censorship of LGBTQ content have occurred in the Gulf recently, though Saudi authorities did not say exactly why “Spider-Man: Across the Spider-Verse” will not be shown.
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Celebrating Community in Asir: A Home for Shabana
The area of modern-day Saudi Arabia formerly consisted of four distinct historical regions: Hejaz, Najd, Alhasa, and Asir. The Asir Mountain Range runs north and south parallel to the Red Sea on the southwestern coast of Saudi Arabia. Asir means ‘difficult’ in Arabic, reflecting the challenge involved in crossing the area’s mountains.
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3-month midday outdoor work ban to be in force from June 15
The Ministry of Human Resources and Social Development (MHRSD) announced that it would start imposing a midday work ban under the sun for all private sector companies and establishments. The work ban will start from 12 p.m. to 3 p.m. for a period of three months. The ban would come into force on Thursday, June 15 and will continue until Friday, Sept. 15, 2023.
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Lebanon Lawmakers Want IMF Mideast Chief Jihad Azour for President
Several prominent Lebanese political parties are lobbying for the head of the International Monetary Fund’s Middle East section to become the crisis-wracked country’s next president. The two largest Christian groups in parliament, the Lebanese Forces and the Free Patriotic Movement, have voiced their support for Jihad Azour, who’s the IMF’s director for the Middle East and Central Asia.
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Qatar’s Central Bank Didn’t Properly Enforce Its Crypto Ban, Money Laundering Watchdog FATF Says
Qatar has taken little action against crypto companies breaching a ban announced in 2019, a global anti-money laundering watchdog said in a Wednesday report. The Financial Action Task Force (FATF) urged the Qatar Central Bank (QCB) to be more proactive in identifying and sanctioning virtual asset service providers (VASPs) that breached its crypto prohibition in a report, which accused the country of being too lax on terrorist fundraising. “Qatar has not demonstrated that the competent authorities proactively identify and take enforcement action for potential breaches of this prohibition,” on crypto firms announced by the Qatar Financial Center Regulatory Authority in 2019, said the report, though it cites 2,007 transactions that were rejected and 43 accounts closed for digital asset links.
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