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For Second Straight Year, Saudi Arabia Puts Safety First with Plans for Scaled Back Hajj in 2021
- June 14,2021
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- SUSTG Team
Saudi Arabia announced over the weekend that this year’s Hajj pilgrimage will be limited to no more than 60,000 people, all of them from within the kingdom, as authorities seek to build on progress combatting the ongoing coronavirus pandemic.
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Shoura Council Calls on Saudi Body to Study Expanding Foreign Ownership of Saudi Land
- June 11,2021
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- SUSTG Team
Saudi Arabia’s Shoura Council has called on the Kingdom’s Real Estate General Authority “to coordinate with the relevant authorities to study its proposal allowing non-resident foreign individuals to own real estate in Saudi Arabia amid specific controls,” the local Saudi Gazette reports.
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Saudi Arabia’s PIF Leads Investment in Gulf Infrastructure Fund from Aberdeen Standard Investments and Investcorp
- June 10,2021
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) has emerged as the lead investor in a planned $800 million Middle East infrastructure fund being established by Aberdeen Standard Investments and Investcorp, Bloomberg reports, citing a statement.
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Flurry of New Deals Builds on Early 2021 Momentum for Saudi Venture Capital
- June 7,2021
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- SUSTG Team
Saudi Arabia’s venture capital scene continues to grow at an impressive clip as new deals and investments into Saudi companies – or by Saudi venture firms – builds on early growth so far in 2021.
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U.S. State Department Blasts Yemen’s Houthis, Says Iran-Backed Group Bears ‘Major Responsibility’ in Conflict
- June 4,2021
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- SUSTG Team
The Biden administration’s State Department on Friday blamed Iran-aligned Houthis for the failure of a ceasefire to take hold in Yemen and accused them of failing to take additional meaningful steps to end the conflict, Reuters and other news agencies report. “While there are numerous problematic actors inside of Yemen, the Houthis bear major responsibility for refusing to engage […]
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OPEC+ Believes Glut Created with Pandemic ‘Nearly Gone’, Sees Stockpiles Diminishing Rapidly in 2021 – Report
- June 1,2021
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- SUSTG Team
The so-called OPEC+ coalition of oil-producing nations lead by Saudi Arabia and Russia is “expecting world oil markets to get acutely tight” in 2021, a year after taking the unprecedented steps of slashing production in the face of weak demand created by the Coronavirus pandemic, Bloomberg reports.
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Entertainment Activities to Resume in Saudi Arabia after Coronavirus Shutdowns, Authorities Announce
- May 28,2021
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- SUSTG Team
Saudi Arabia has announced that entertainment activities and events across the Kingdom may resume after months of shutdowns and cancellations in order to curb the spread of the Coronavirus pandemic, according to Gulf News.
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With PIF Backing, Saudi Ports Behemoth Red Sea Gateway Terminal Looks for Big Investments Abroad
- May 26,2021
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- SUSTG Team
The operator of Saudi Arabia’s Red Sea Gateway Terminal (RGST) is looking to invest in ports in Africa and the Middle East, following backing from the Kingdom’s sovereign wealth fund (PIF), Bloomberg reports.
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Saudi Arabia Eyes $55 billion by 2025 Through Privatization Program, Al Jadaan Says
- May 25,2021
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- SUSTG Team
Saudi Arabia hopes to raise about $55 billion over the next four years with a revitalized privatization program, the country’s finance minister Mohammed Al-Jadaan told the London-based Financial Times in an interview published over the weekend.
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Saudi Arabia Issues International Travel Guidelines for Vaccinated Residents, Ramps Up Vaccination Drive
- May 24,2021
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- SUSTG Team
Saudi Arabia released new guidelines for resident travelers who are vaccinated, allowing them to travel abroad and return if they do not enter or pass through certain countries.
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MUST-READS
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IraqSpats Among Iraq’s Security Forces Delay Advance on Fallujah
After securing the southern edge of militant-held Fallujah, seven battalions of Iraqi special forces units have been unable to advance for two days — a delay that commanders say isn't due to counterattacks or difficult terrain, but rather to disagreements about battlefield strategy among the disparate Iraqi forces fighting the Islamic State group.
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Saudi AramcoSaudi Aramco signs MoU with GE and Cividale SpA
Saudi Aramco has signed a Memorandum of Understanding (MoU) with GE (NYSE: GE) and Cividale SpA of Italy to build the Middle East and North Africa’s first-of-its-kind high-end forging & casting manufacturing facility that will serve the region’s maritime and energy industries.
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Real EstateJLL signs deal to improve transparency in Saudi Arabia real estate
“This MoU is part of a series of JLL Saudi initiatives to support greater real estate market transparency across the kingdom. Such collaborative initiatives will enable stakeholders to gain valuable insights in regards to market sentiment and challenges,” remarked Ghaznawi.
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Arab Public SpaceThe Battle over Arab Public Space and Ideas
One of the most significant battles taking place these days in the Arab region is about how wide or narrow is the public space available for citizens to express themselves and offer views that differ from or challenge the state.
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ExtremismSaudi soldier killed in gunbattle with militants: SPA
Two assailants opened fire on a police station before retreating to the mountain village of Thaqeef where the soldier, named as private Saeed al-Harithy, was killed in an exchange of fire, SPA reported.
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Saudi BinladinSaudi builder Binladin terminates 50,000 jobs: newspaper
Construction company Saudi Binladin Group has laid off 50,000 staff, a newspaper reported on Friday, as pressure on the industry rises amid government spending cuts to survive an era of cheap oil.
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Organization of Islamic CooperationOIC conference begins with Iran-Saudi spat
Despite Rouhan’s positive comments, there are deep differences between Saudi Arabia and Iran over Lebanon, Syria, Yemen and Iraq. Even in his speech, Rouhani said Iran is supporting the Syrian government against terrorism, a position that Saudi Arabia, which has supported the armed opposition, is completely opposed.
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Banking and FinanceSaudi Arabia Steps Up Transparency With Company Disclosures
Saudi Arabia’s stock exchange, the Arab world’s largest, plans to start disclosing ownership information of top executives at listed companies as the kingdom steps up efforts to increase transparency.
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Saudi ChangesCommentary: Why Saudi Arabia’s new transparency is a breath of fresh air
As a journalist, covering the Saudi economy has not been a particularly easy task.
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Palestine MarathonPalestine Marathon sparks a growing push for movement over politics
At the fourth annual Palestine Marathon, running, politics and community intersected, resulting in a mishmash of intention and intensity.
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