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Saudi Oil Exports Jump 106% Year-on-Year to Over $30 Billion in May 2022; US Sees Room for More Saudi, UAE Production
- July 28,2022
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- SUSTG Team
Saudi Arabia’s oil exports jumped 106 percent, reaching SR116 billion ($30 billion) during the month of May 2022 while compared to the same period last year, according to the latest report published by the General Authority for Statistics (GASTAT), released on Monday.
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IMF Raises Saudi Economy Growth Forecast for 2023 to 3.7%, Despite ‘Gloomy’ Global Developments
- July 27,2022
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- SUSTG Team
The International Monetary Fund has raised its expectations for the growth of the Saudi economy in 2023 to 3.7 percent, up from its April forecast of 3.6 percent.
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Crown Prince Mohammed bin Salman arrives in Greece in First Visit to Europe Since 2018
- July 26,2022
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman arrives in Greece today for talks with its premier, Kyriakos Mitsotakis, marking his first trip to a European Union nation since 2018.
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U.S. Yemen Envoy Tim Lenderking Heads to Saudi Arabia, Jordan to Push Yemen Peace Talks
- July 25,2022
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- SUSTG Team
The U.S. special envoy for Yemen, Tim Lenderking, is headed to Saudi Arabia and Jordan on Monday to continue Washington’s diplomatic efforts to back a United Nation’s mediated truce in Yemen, Reuters reports, citing the U.S. State Department said.
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Crown Prince Mohammed bin Salman, Russian President Putin Speak by Phone
- July 22,2022
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- SUSTG Team
Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman spoke by phone on Thursday and underlined the importance of further cooperation within the OPEC+ group of oil producers, Reuters reports, citing a release from the Kremlin.
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Saudi Arabia’s Venture Capital Funding Soars Threefold to $584m in the First Half of 2022
- July 21,2022
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- SUSTG Team
Saudi Arabia’s nascent venture capital scene is beginning to roar to life, tallying a threefold year-on-year increase in venture capital investments in the first half of 2022, according to a report on the sector by Magnitt.
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Report: Saudi Arabia Plans Air Cargo Roadshows to Boost Distribution, Logistics Sector
- July 20,2022
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- SUSTG Team
Saudi Arabia plans to stage a number of roadshows in the next 12 to 18 months “as it seeks to persuade the likes of Amazon.com Inc., Alibaba Group Holding Ltd. and Deutsche Post AG’s DHL to help scale up air-cargo and distribution operations,” Bloomberg reports.
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A Special Edition of The 966: Reviewing President Biden’s Visit to Saudi Arabia with Jon Alterman, David Des Roches, and Hussein Ibish
- July 19,2022
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- SUSTG Team
A very special edition of The 966 for Episode 53: The 966 has lined up three experts to discuss their reactions to President Biden’s visit to Israel and Saudi Arabia and a renewed U.S. focus on the Middle East region. Hussein Ibish, columnist for Bloomberg, Dr. Jon Alterman from the Center for Strategic and International […]
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President Biden Concludes Trip to Saudi Arabia with Agreements to Cooperate on Range of Issues
- July 18,2022
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- SUSTG Team
President Biden concluded his trip to Saudi Arabia with a renewed partnership with the Kingdom, pledging to work together with Saudi leadership to achieve shared goals on a number of diplomatic, energy, and trade issues.
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Dr. Sean Foley joins The 966 to talk about a changing Saudi culture, art in the Kingdom and more, and looking ahead to Biden’s visit
- July 15,2022
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- SUSTG Team
In Episode 52, Dr. Sean Foley, professor at MTSU and author of the book Changing Saudi Arabia: Art, Culture, and Society in the Kingdom, joins The 966. Dr. Foley specializes in Middle East history and the cultural, political, and religious trends in the wider Islamic World.
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MUST-READS
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Hail and rain batter parts of Saudi Arabia
People took to social media to rejoice and welcome the winter weather, sharing pictures and videos of hail and rain in the desert. People parked by the side of the road to enjoy the rain and collect raindrops and hail in their hands.
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Ericsson and KAUST announce R&D partnership to develop 5G and 6G technologies in Saudi Arabia
Ericsson (NASDAQ:ERIC) and King Abdullah University of Science & Technology (KAUST) have announced an initial three-year research and development (R&D) partnership focused on three research projects aimed at advancing telecommunication networks with cutting edge technologies. The partnership aims to understand the key features and requirements of next-generation communication systems.
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GACA Saudi Arabia to participate in Dubai Airshow 2021
Several entities will participate in the GACA’s pavilion, including the Saudi Academy of Civil Aviation (SACA), the Saudi Civil Aviation Holding Company represented by Riyadh and Dammam Airports Company, Saudi Arabian Airlines, Altanfeethi Company, Saudi Air Navigation Services Company, Prince Sultan Academy of Aviation Sciences, Saudi Airlines Catering Company, Saudi Airlines Real Estate Development Company, Flynas, and Flyadeal.
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‘Lockheed Martin’: Saudi Arabia Provides Ideal Opportunities for Manufacturing Parts of Our Military Products
International Business Vice President at Lockheed Martin Ray Piselli has said that Saudi Arabia provides ideal opportunities for manufacturing parts of Lockheed Martin’s products, pointing out that the corporation is working with Riyadh to make the Kingdom a world-class producer of military equipment.
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Saudi Arabia allows quarterly renewal of residency permits for foreign workers
Expatriates in Saudi Arabia can now renew their residency permit (iqama) on a quarter-of-a-year basis and save a digital copy of the iqama on their smartphones. These services available on Absher Afrad (Individual) platform are among a series of electronic services, mainly related to the General Directorate of Passports (Jawazat) and the Traffic Directorate, launched by Minister of Interior Prince Abdul Aziz Bin Saud Bin Naif on Wednesday.
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Saudi Arabia licenses 44 companies to open regional headquarters in Riyadh
Saudi Arabia said on Wednesday it had licensed 44 international companies to set up regional headquarters in the capital Riyadh under the kingdom's push to become a regional commercial hub and vie for foreign capital and talent. Among the 44 companies are multinationals in sectors including technology, food and beverages, consulting and construction including Unilever, Baker Hughes and Siemens, a press release said.
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Saudi Arabia to Start Investment Fund for Carbon Capture
The kingdom will establish a fund to improve carbon sequestration and back a plan to feed hundreds of millions of people by providing them clean cooking fuels, Prince Mohammed said. The two initiatives will cost 39 billion riyals ($10.4 billion) and Saudi Arabia will contribute 15%.
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Saudi Arabia to Start Electric-Vehicle Push in Capital Riyadh
The target, announced on Saturday at the start of a Saudi climate conference, is part of a plan to halve carbon emissions in the city of 8 million people over the next nine years, said Fahd Al-Rasheed, president of the Royal Commission for Riyadh City.
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US State Department condemns attack on King Abdullah Airport in Saudi Arabia’s Jazan
The attack against the King Abdullah airport in Jizan was carried out Friday night by an explosives-laden drone, resulting in injuries to 10 passengers and workers, Gulf News quoting the alliance spokesman Turki Al Maliki reported. On Wednesday, four employees at another Saudi airport were injured after Saudi defences intercepted an explosive drone launched by Al Houthis, Gulf News reported.
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Saudi Arabia introduces biometric smartphone app for visas
Saudi Arabia is the first country in the world to allow registration of biometrics on smartphones for issuing electronic visas. Pilgrims can now apply for Hajj and Umrah visas from their smartphones. They will be issued online without the need for people to visit visa centres to register their biometrics in their countries.
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