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Saudi Arabia forms global alliance in support of Israeli-Palestinian two-state solution
- September 30,2024
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- SUSTG Team
European, Arab and Islamic nations have launched an initiative to strengthen support for a Palestinian state and its institutions, and prepare for a future after the war in Gaza.
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’24 Fintech Conference in Riyadh
- September 4,2024
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- SUSTG Team
The first edition of the International Conference on Financial Technology, ’24 Fintech, at the Riyadh Front Exhibition and Conference Center on Tuesday with an address from Finance Minister Mohammed Al-Jadaan, large crowds and a slew of announcements.
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Saudi Solar Power capacity picking up speed
- August 5,2024
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- SUSTG Team
GlobalData predicts that, at its current pace, Saudi Arabia’s renewable power capacity could increase at a compound annual growth rate (CAGR) of 40.1% between 2023 and 2030, to reach 31.5 GW by 2030 and 63.1 GW by 2035.
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U.S. Exports to the Arab World Jump By 12% to $65.3 Billion
- July 26,2024
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- SUSTG Team
The National U.S.–Arab Chamber of Commerce (NUSACC) reported that, according to data released last month by the U.S. Census Bureau, U.S. goods exports to the Arab world jumped 12 percent to $65.3 billion in 2023.
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Aquaculture in KSA
- July 18,2024
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- SUSTG Team
Saudi Arabia’s aquaculture sector has witnessed remarkable growth in recent years, with production increasing by 400% between 2015 and 2022. This rapid expansion can be attributed, in part, to a concerted effort from public and private stakeholders to bolster food security in the region, improve economic diversification, and reduce overreliance on food imports.
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Saudi Arabia rises on Expat Insider 2024 rankings
- July 12,2024
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- SUSTG Team
For its 11th edition of the Expat Insider survey, InterNations surveyed 12,500 expats representing 175 nationalities living in 174 countries or territories on their thoughts on what it’s like to live and work abroad.
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KSA Climbs to 16th in World Competitiveness Ranking
- June 19,2024
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- SUSTG Team
Saudi Arabia advanced to 16th place in the World Competitiveness Ranking 2024, issued by the World Competitiveness Center of the International Institute for Management Development. Saudi Arabia ranked fourth among the G20 countries, supported by improved business legislation and infrastructure.
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MENA’s Renewable Energy Promise
- June 6,2024
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- SUSTG Team
Saudi Arabia and other GCC countries are in a position to become, “not just a major source of renewable energy, but also a central and indispensable player in the global energy transition, uniquely able to balance supply and demand for all types of energy, both hydrocarbons, and renewables.”
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EU announces five-year Schengen visas for Saudi, Omani and Bahraini citizens
- April 23,2024
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- SUSTG Team
The EU will now allow citizens from Saudi Arabia, Oman, and Bahrain to apply for five-year Schengen visas. This marks a significant step forward in strengthening people-to-people relations between the EU and the GCC.
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Saudi defense minister receives phone call from US counterpart; Kingdom denies role in shooting down Iranian attack
- April 16,2024
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- SUSTG Team
Saudi Minister of Defense Prince Khalid bin Salman received on Sunday a phone call from U.S. Secretary of Defense Lloyd Austin, according to reports.
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MUST-READS
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Saudi Arabia says ongoing Israeli military operations threaten regional security
The Kingdom’s Deputy Minister of Foreign Affairs, Waleed Bin Abdulkarim Al-Khuraiji, made his comment during the 19th meeting of foreign ministers in the Asian Cooperation Dialogue (ACD) Forum, hosted by Iran. Speaking on behalf of Foreign Minister Prince Faisal Bin Farhan Bin Abdullah, he stressed “the importance of doubling joint efforts and deepening cooperation coordination to face the many challenges, most notably the rise in conflicts, and the increasing challenges of food security and energy security, among others,” reported the Saudi News Agency.
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Saudi Arabia Tops Global Cybersecurity Rankings
The Kingdom of Saudi Arabia has secured the top position globally in the cybersecurity indicator, according to the 2024 World Competitiveness Yearbook published by the Swiss-based Institute for Management Development (IMD). National Cybersecurity Authority (NCA) Board of Directors Chairman Dr. Musaed Al-Aiban congratulated the Saudi leadership on this achievement. He highlighted it as a confirmation of the country's leading role in international cybersecurity and a testament to its commitment to Saudi Vision 2030.
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Saudi Arabia’s US$10 billion investment to tackle food security
The Saudi Agricultural Development Fund plays a crucial role by supporting local farmers with substantial loans, focusing on staple crops such as barley, maize, and soybeans. These efforts are integral to reducing reliance on imports and ensuring a steady supply of essential commodities.
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US-Saudi Arabia security deal could seal future of petrodollar
Last week, reports emerged that the US-Saudi petrodollar agreement "expired", suggesting the kingdom would move to sell oil in various currencies, not just dollars. Some reports even claimed the Chinese yuan would replace the dollar.
There was a significant increase in Google searches for the term "petrodollars" in the past two weeks, reaching an all-time high, Google Trends said.
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Saudi FM: Two-State Solution Basis for Peace, Security in the Region
The FM, along with foreign ministers and representatives from European countries, was in Brussels to attend a meeting of the Ministerial Committee assigned by the Joint Arab-Islamic Extraordinary Summit on Developments in the Gaza Strip.
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Readout of National Security Advisor Jake Sullivan’s Meetings in Saudi Arabia and Israel
Mr. Sullivan arrived in Israel from Dammam, Saudi Arabia, where he held constructive meetings with the Crown Prince and Prime Minster of Saudi Arabia Mohamed bin Salman focused on a comprehensive vision for an integrated Middle East region. Mr. Sullivan briefed Prime Minister Netanyahu and his team on these meetings and the potential that may now be available for Israel, as well as the Palestinian people.
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Saudi crown prince, US national security adviser meet on bilateral deal
Saudi Crown Prince Mohammed bin Salman and White House National Security Adviser Jake Sullivan met to discuss an almost 'finalized' draft of a deal between Washington and Riyadh, the Saudi state news agency reported on Sunday.The meeting in the Saudi city of Dhahran reviewed "the semi-final version of the draft strategic agreements between the two countries, which are almost being finalised," a statement read.
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Saudi Arabia’s 60-Year Battle for Food Security
For over half a century, food security has been a strategic issue for Saudi Arabia. More recently, the 2008 food price crisis and the 2020 food supply disruptions gave Saudi decision makers a taste of what the future might look like in a climate-changing world, as two of the most salient issues will be access to drinking water and food – essential resources the kingdom sorely lacks. With 90% of its land unfit for agriculture and 70% of its water coming from desalination plants, water and food security can look like an unwinnable battle for Saudi Arabia.
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US nears decision point on security deal with Saudis
The Biden administration is nearing a decision point on whether go ahead with a bilateral arms and security agreement with Saudi Arabia or hold off in hopes of eventually pairing it with a long-sought trilateral deal to normalize Saudi-Israeli relations. For now, administration officials say nothing can go forward until all the parts of the puzzle are in place, but with the Israel-Hamas war standing in the way of a normalization agreement, some analysts are arguing for an early bilateral deal that would help check Chinese influence in the region.
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US National Security Adviser Insists on No Saudi Defense Pact Without Israel Normalization
Jake Sullivan, who serves as President Joe Biden’s top national security aide, told the UK-based Financial Times that the materializing deal currently being discussed with Saudi Arabia centers on a “bilateral understanding” between the US and the Gulf kingdom on defense issues as well as a nonnegotiable normalization process with Israel. Similarly, the deal would also center on a framework providing “meaningful steps on behalf of the Palestinian people,” he added.
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