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IMF Sees 7.6% GDP Growth for Saudi Arabia in 2022; Highlights Solid Indicators
- June 23,2022
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- SUSTG Team
The International Monetary Fund (IMF) has highlighted solid indicators for the Saudi economy, expecting a 7.6 percent overall GDP growth in 2022, according to a report. Non-oil growth will increase to 4.2 percent in 2022, with the current account surplus increasing to 17.4 percent of GDP in 2022.
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Saudi Crown Prince Mohammed bin Salman Heads to Turkey after Visiting Jordan, Egypt
- June 22,2022
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- SUSTG Team
Saudi Crown Prince Mohammed bin Salman landed in Turkey for the first time in several years on Wednesday for talks with President Erdogan, after visiting neighboring Egypt and Jordan as part of a regional tour, Reuters reports.
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Saudi Crown Prince Lands in Egypt on Start of Regional Tour
- June 21,2022
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman arrived in Cairo, Egypt on Monday, kicking off his first tour outside the Gulf region in over three years, according to reports.
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The criticism, drama, and opportunities surrounding President Biden’s confirmed visit to Saudi Arabia, an economic victory lap, and more…
- June 17,2022
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- SUSTG Team
Episode 48 🚀 The 966 hosts talk about a new report from Saudi Arabia’s Investment Ministry that highlights all the gains in the Saudi economy recently, including an impressive start to 2022 GDP with 9.9% growth in Q1. Then the hosts discuss President Biden’s now confirmed visit, and all of the drama surrounding it…then the […]
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U.S. Department of Commerce and Saudi Ministry of Commerce Announce Plan to Deepen Commercial Cooperation
- June 16,2022
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- SUSTG Team
The U.S. and Saudi Arabia announced a new plan for cooperation between the two nations aimed at deepening the bilateral commercial relationship, per a press release.
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New Report Places Saudi Arabia at Seventh Most Competitive Economy Among G20 Countries
- June 15,2022
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- SUSTG Team
A new report published by the Switzerland-based International Institute for Management Development (IMD) said that Saudi Arabia ranked as the seventh most competitive economy among G20 countries in the organization’s publication, the World Competitiveness Yearbook 2022.
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It’s Official: President Biden to Visit Saudi Arabia July 15-16 2022; will Meet with King Salman, Crown Prince Mohammed bin Salman
- June 14,2022
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- SUSTG Team
President Biden will be conducting an official visit to the Kingdom of Saudi Arabia on July 15-16, a statement from the White House and separately from Saudi Arabia’s royal court confirmed, capping weeks of behind-the-scenes work to arrange for the visit.
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Leaked Image Appears to Show Lucid Motors First Saudi Showroom in Riyadh
- June 13,2022
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- SUSTG Team
U.S.-based Lucid Motors appears poised to open its first showroom in Riyadh, a photo published on an EV-focused news site confirms.
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A conversation with Mark Thompson and Neil Quilliam on their new book on Saudi Arabia, reacting to the latest with LIV Golf, and more
- June 10,2022
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- SUSTG Team
In episode 47, the hosts welcome on Dr. Mark Thompson and Dr. Neil Quilliam, authors of a new book on Saudi Arabia’s governance and policymaking, for a fascinating discussion on how decision-making is changing and evolving at all levels in Saudi Arabia as Vision 2030 continues apace.
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President Biden Visit to Saudi Arabia Likely in July; Says US-Saudi Ties on ‘Steady Footing’
- June 8,2022
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- SUSTG Team
President Biden and the White House said US-Saudi relations are on “solid footing” and that the President is targeting a July date to visit the Kingdom and meet with its top leadership, according to comments by the White House press secretary Karine Jean-Pierre said.
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MUST-READS
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Jota: Portuguese winger leaves Celtic to join Al-Ittihad in Saudi Arabia
Jota has moved to Saudi Arabian side Al-Ittihad from Celtic for an undisclosed fee. The Portuguese winger, 24, initially joined Celtic on loan from Benfica in 2021 before Celtic signed him on a five-year deal last summer. He contributed 28 goals and 26 assists in 83 games over two years in Glasgow and had been heavily linked with a move to Al-Ittihad in recent days.
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Saudi Arabia to deepen ties with Hong Kong, using city as the bridge to mainland China’s ‘world class’ digital prowess, minister says
Key areas of collaboration with Hong Kong include fintech, technological entrepreneurship and strategies to attract the funding of venture capitalists (VC), said the Saudi Minister of Communications and Information Technology Abdullah Al-Swaha. Health sciences and biotechnology, the environment, cloud computing, artificial intelligence (AI) - specifically generative AI - and smart cities are other areas that the kingdom is keen to strike partnerships on, he said.
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German coalition at odds over fighter jet sale to Saudi Arabia, Welt am Sonntag reports
Germany's coalition government is at odds over whether to bow to British pressure and approve the production of Eurofighter Typhoon fighter jets for Saudi Arabia, the newspaper Welt Am Sonntag reported on Saturday, citing anonymous sources. A deal struck by Riyadh and BAE Systems (BAES.L) five years ago for the arms maker to supply 48 such jets was put on hold due to the war in Yemen, where Saudi-led Arab forces intervened in 2015.
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9 Middle East universities, 3 in Saudi Arabia make world’s top 300 schools – Al-Monitor: Independent, trusted coverage of the Middle East
In the Middle East and North Africa region, 121 universities from 18 countries featured in the ranking, with nine universities making it into the top 300 institutions. While Saudi Arabia dominated the list with three universities, institutions from Israel, Lebanon, Qatar and the United Arab Emirates also made their way to the top 300.
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Armed man killed in gunfire exchange near US consulate in Saudi Arabia
"A person in a car stopped near the American Consulate building in Jeddah Governorate and got out of it carrying a firearm in his hand, so security authorities took the initiative to deal with him as required, and the exchange of fire resulted in his death," a spokesperson for the Makkah Region police said.
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As the LPGA surges with Rose Zhang, Saudi Arabia’s PIF could help itself by forging a partnership
In less than a month on the professional golf scene, Zhang has placed a spotlight on the women’s game and the LPGA Tour as the PGA Tour considers a new relationship with the Public Investment Fund (PIF), the Saudi Arabia sovereign wealth fund that is backing LIV Golf. Since its inception in 1950, the LPGA Tour has operated in the shadow of the men’s game and the economic and popularity disparities between the two organizations are certain to widen with the infusion of PIF money.
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Saudi Arabia sees 490% surge in trademark complaints, clamps down on pirate film and TV websites
Saudi Arabia reported a 47 per cent increase in copyright and trademark violations last year, according to a new study. It comes as authorities in the Kingdom continues to crack down on intellectual property violations and seize offending items. The war on copyright and trademark abuse is being fought online and in retail outlets.
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How Saudi Arabia can emerge as a global biotech hub
Saudi Arabia is well-positioned to become an industry-leading and globally competitive biotech ecosystem. Flagship institutions, such as the King Abdullah University of Science and Technology and the King Faisal Specialist Hospital & Research Centre, have made extensive investments in infrastructure. State-of-the-art labs and innovation initiatives like the Saudi Human Genome Program and the Saudi Network for Clinical Trials are also helping clinician-researchers and commercializing potential technologies.
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Hajj pilgrimage starts in Saudi Arabia, with 2 million expected after lifting of COVID measures
Some 2 million Muslim pilgrims officially began the annual Hajj pilgrimage on Monday, making their way out of Mecca after circling Islam’s holiest site, the Kaaba, and converging on a vast tent camp in the nearby desert for a day and night of prayer. One of the largest religious gatherings in the world has returned to full capacity this year for the first time since the onset of the coronavirus pandemic three years ago. The pilgrimage is one of the five pillars of Islam, and all Muslims are required to make the five-day Hajj at least once in their lives if they are physically and financially able to do it.
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Saudi Arabia Becomes Largest Outside Shareholder of Nintendo
Saudi Arabia’s Public Investment Fund became the largest outside shareholder of Nintendo Co. on Friday, in the latest move by the Gulf state to lower its reliance on oil.
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