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Harold Varner III Wins LIV Golf DC Tournament at Crowded Trump National in Northern Virginia
- May 29,2023
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- SUSTG Team
Harold Varner III won his first professional tournament on US soil this weekend at the LIV Golf DC event held at Trump National in Northern Virginia, beating South Africa’s Branden Grace by one shot.
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An update on the VC scene in Saudi Arabia with Eyad Albayouk, Saudis in space, Newcastle United rises and much more…
- May 26,2023
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- SUSTG Team
Episode 88! Venture capitalist Eyad Albayouk returns to The 966 to talk about the latest developments in the VC sector in Saudi Arabia as well as the closing of his new startup seed fund with Flat6Labs in Saudi Arabia. The hosts discuss with Eyad the rocky start for new funding rounds in the Kingdom after […]
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Saudi Arabia, Canada Restore Diplomatic Relations after 5 Years
- May 25,2023
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- SUSTG Team
Saudi Arabia and Canada restored diplomatic relations on Wednesday, putting an end to a five-year rift between the two nations.
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Bechtel Saudi Arabia Names Abdulrahman Al-Ghabban New VP of Infrastructure in Kingdom
- May 24,2023
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- SUSTG Team
Bechtel Saudi Arabia has named company veteran Abdul-Rahman Al-Ghabban as new Infrastructure Vice President in the Kingdom of Saudi Arabia, the company confirmed to SUSTG in a press release.
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Saudi Arabia Introduces New Work Visa, Aimed at Making it Easier for Businesses to Bring in Foreign Workers Temporarily
- May 23,2023
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- SUSTG Team
Saudi Arabia recently introduced a new work visa, known as the “Temporary Work Visa” to replace the previous “Work Visit Visa” and is designed to make it easier for businesses to bring in foreign workers for short-term assignments and should enable employers to resource their commercial activities more readily, a report highlights.
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PIF’s Badeel, ACWA Power Invest $3.25 Billion into Three New Solar Projects in Saudi Arabia
- May 22,2023
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- SUSTG Team
The Water and Electricity Holding Company (also known as Badeel), a wholly-owned company of Saudi Arabia’s Public Investment Fund (PIF), and ACWA Power today announced the signing of power purchase agreements (PPAs) with the Saudi Power Procurement Company (SPPC) for the development, and operation of three major new solar PV Independent Power Producer (IPP) projects in […]
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‘Salmani’ Architecture, VIA Riyadh opens, rainfall record shattered in Saudi Arabia and much more…
- May 19,2023
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- SUSTG Team
Episode 87! The hosts explore overlapping topics in Salmani architecture and an evolving Riyadh city under King Salman for decades. Kicking things off, Richard’s One Big Thing is the rise of Salmani Architecture – a term the hosts have come across in recent months that is important in understanding the current and new face of […]
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Major New Shopping District VIA Riyadh Opens to Public
- May 18,2023
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- SUSTG Team
VIA Riyadh, a new entertainment, retail, and hospitality district in the capital city has opened to the public, giving visitors and citizens a new destination in the Salmani architecture style.
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At Cannes, Saudi Arabia Launches Two Film Funds to Jumpstart Local Industry
- May 17,2023
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- SUSTG Team
Saudi Arabia’s newly-minted Cultural Development Fund has officially unveiled two separate film sector funds at the Cannes Film Festival in France, Variety reports.
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Saudi Arabia’s Nitaqat Initiatives Helped Employ 500k Nationals Since 2019, Minister Says
- May 16,2023
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- SUSTG Team
The ongoing localization efforts in Saudi Arabia have helped provide job opportunities to over 500,000 Saudi nationals in the private sector since 2019, the Kingdom’s Minister of Human Resources and Social Development Ahmad Al-Rajhi revealed.
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MUST-READS
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A ceasefire deal is here. For Gaza, the Middle East and the world, the future remains unknown
Security for Israel, he argued, had to include a credible political horizon for the Palestinians, or else Hamas “or something equally abhorrent” will “grow back”. He said the country “must abandon the myth they can carry out de facto annexation, without cost and consequence to Israel’s democracy, to its standing, to its security”. Yet, he complained, “Israel’s government has systematically undermined the capacity and legitimacy of the only viable alternative to Hamas: the Palestinian Authority”. Indeed, the weakening of Iran is probably the biggest regional impact of the war in Gaza. Biden had a point this week in claiming that, all told, Iran “is weaker than it has been for decades”. He elaborated: “Iran’s air defences are in shambles. Their main proxy, Hezbollah, is badly wounded, and as we tested Iran’s willingness to revive the nuclear deal, we kept the pressure with sanctions. Now Iran’s economy is in desperate straits.” A 35-year tack to build a defence strategy around a proxy army had been eviscerated in a matter of months.
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Gaza ceasefire deal: What you need to know
It stated that the first phase of the ceasefire would involve the exchange of captives and prisoners and a return to "sustainable calm", with the aim of achieving a permanent ceasefire. According to the agreement, 33 Israeli captives held in Gaza will be released as part of the first phase, including nine who are ill or wounded. Israel will release 1,000 Palestinians who were detained from 8 October 2023 onwards. Among the 33 captives will be several men over the age of 50. They will be released in exchange for Palestinians serving life sentences at a ratio of 1:3 and Palestinians serving other sentences at a ratio of 1:27. Hisham al-Sayed and Avera Mengistu, who have been held in Gaza since before Israel's war on Gaza, will be released in exchange for 60 Palestinian prisoners and 47 Palestinians who were re-arrested after being freed in 2011 as part of the Gilad Shalit prisoner exchange deal.
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Blinken’s audacious final message for the Middle East
“What we’ve done over the past four years,” Blinken said, “building on the Abraham Accords, was to try to get to their ultimate realization, which is normalization between Saudi Arabia and Israel. . . . And as we sit here, it’s ready to go. That could move forward tomorrow. But it requires two things. It requires an end of the conflict in Gaza, and it requires a credible pathway to a Palestinian state.” Yet in a discussion with me on stage following his speech, Blinken said: “One of the things I believe strongly, Fred, from my own experience over the last thirty years and looking at the sweep of history, is that there’s no such thing as a hereditary enemy; that we are not fated to conflict or animosity; and even what seemed to be the most virulent and violent hatreds can go away, can change.”
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The United States and Saudi Arabia Strengthen Musical Ties with Milestone Visit of Music Icon Herbie Hancock
The Saudi Music Commission, one of 11 sector specific commissions under the Ministry of Culture, and the U.S. Embassy in Riyadh announce the very first visit to Saudi Arabia of jazz legend, Herbie Hancock, the Herbie Hancock Institute of Jazz Performance Ensemble at the University of California Los Angeles (UCLA), and acclaimed jazz vocalist Janis Siegel. Their tour celebrates U.S.-Saudi cultural ties, arts education, and the universal power of music. It is sponsored by the Arts Envoy Program of the U.S. Department of State’s Bureau of Educational and Cultural Affairs (ECA). The group’s agenda includes a performance at the King Fahad Cultural Center, with the participation of Saudi jazz vocalist Nourah Alammary; a masterclass for Saudi music students at the Saudi Music Hub, Riyadh; a roundtable on women in the arts with Saudi women artists and musicians; and an event with Saudi traditional musicians at the studio of Saudi visual artist Ahmed Mater. U.S. Ambassador to Saudi Arabia Michael Ratney welcomed the visit, saying “Saudi Arabia’s cultural scene is evolving at an incredible pace, and hosting a legend like Herbie Hancock is a huge milestone. His music has inspired generations and having him here is a testament to the Kingdom’s remarkable cultural scene.”
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eL Seed: Arabic Calligraffiti
Before I picked the name “eL Seed”—my real name is Faouzi, “F-A-O-U-Z-I," and the “I,” instead of putting a dot, I used to put a hamza. I found that if you tag like that people are always like, "Wow. That's fun." I wanted to learn calligraphy. I discovered calligraphy when I was taking a class of Arabic, classical Arabic, about how to read and write in early 2000. I started at 18, but the first time I saw somebody doing calligraphy, it was in 2004, and I was mesmerized, I thought, "This is amazing. I would love to know how to do this." And so, I asked the guy, "Do you give any classes?" He said, "I wanted to, but nobody's interested." I was like, "Oh." I'd love to find a way to find this guy again. It was about 20 years ago, and he was an Algerian guy. And then, I was looking at calligraphy, the traditional one, without knowing there were rules and stuff.
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Saudi flyadeal set to order Airbus A330neo jets, sources say
Saudi budget airline flyadeal is putting the finishing touches to a deal to order 10 Airbus (AIR.PA), opens new tab A330neo jets in its first full-blown expansion into wide-body planes, as the kingdom pursues a surge of spending on aviation, industry sources said on Tuesday.The low-cost subsidiary of state carrier Saudia is likely to unveil the order for the upgraded A330-900 variant in the coming weeks after comparing it with Boeing's smaller 787-9, and the first jets are expected to arrive in 2027, the sources said.
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Saudi Arabia and Italy Sign Energy Cooperation Deal
Italy and Saudi Arabia on Tuesday signed a cooperation agreement in the energy sector, with an emphasis on renewable energy, hydrogen, and carbon capture, Italian Energy and Environment Minister, Gilberto Pichetto Fratin, said while on a visit to Riyadh. Italy’s minister signed the agreement with Saudi Energy Minister Abdulaziz Bin Salman Al Saud on the sidelines of the Future Minerals Forum in Riyadh. The five-year cooperation agreement includes boosting bilateral cooperation in hydrogen production, renewables, and carbon capture and storage (CCS). The new cooperation deal will focus on clean energy and clean tech, including low-carbon hydrogen and green ammonia, according to the Italian government.
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Saudi Arabia signs mining deals with 6 countries
The Ministry of Industry and Mineral Resources signed a series of memoranda of understanding (MoUs) and cooperation agreements with six countries during the fourth Ministerial Roundtable, the flagship opening meeting of the Future Minerals Forum. This meeting marked a significant step in advancing international partnerships and fostering the development of the Kingdom's mining and minerals sector. On behalf of Saudi Arabia, the agreements were signed by Minister of Industry and Mineral Resources Bandar Alkhorayef, and Deputy Minister of Industry and Mineral Resources for Mining Affairs Eng. Khalid Al-Mudaifer. The counterpart signatories included the minister of energy and natural resources from Djibouti, the minister of energy and mineral resources from Jordan, the secretary of state for business and trade from the United Kingdom, and the minister of mines and mineral development from Zambia. Additional agreements were signed with the Ministry of Finance of Austria and the Ministry of the Economy, Finance and Industrial and Digital Sovereignty of France.
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Saudi Arabia allocates $2.66 billion to launch Standard Incentives Program for industrial growth
The Kingdom of Saudi Arabia has announced the allocation of SR10 billion ($2.66 billion) to activate the Standard Incentives Program for the industrial sector. The initiative, approved by the Council of Ministers last month, aims to drive industrial investments, foster sustainable growth, and enhance Saudi Arabia’s global competitiveness. Funding is split between the construction and production phases, ensuring long-term sustainability. The programme’s first phase targets transformative chemical industries, automotive manufacturing, and machinery and equipment, with additional sectors to follow in 2025.
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Global mining needs $6 trillion over next decade, Saudi Minister says
Saudi Minister of Industry and Mineral Resources, Bandar Alkhorayef, said Tuesday that countries worldwide are in need of investing $6 trillion over the next decade to meet growing demand in the field of mining and mineral resources, Anadolu Agency reports. Addressing the fourth annual international meeting of mining ministers in Riyadh, Alkhorayef said the world is witnessing a surging demand for minerals due to the increasing demand for renewable energy resources and Artificial Intelligence (AI). He also underscored the urgent need for international cooperation to address increasing demand for minerals.
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