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U.S. Blasts Houthi Leadership, Sanctions Two Top Commanders as Peace Talks Stall – Report
- May 21,2021
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- SUSTG Team
The Biden Administration announced new sanctions on two Houthi military officials, the U.S. Treasury Department said, taking action over the Iran-aligned movement’s offensive to seize Yemen’s gas-rich Marib region and lack of real commitment to finding a peaceful solution to the end of the war there.
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Saudi FM Faisal bin Farhan Acknowledges ‘Exploratory Talks’ with Iran; Kingdom is ‘Hopeful’
- May 19,2021
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- SUSTG Team
Saudi Arabia’s Foreign Minister HRH Prince Faisal bin Farhan acknowledged in an interview with the AFP that the Kingdom has held “exploratory talks” with regional rival Iran, and said that Saudi Arabia is “hopeful” that the talks in their early stages will lead to diplomatic progress.
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Saudi Arabia’s Ultra-Lux Amaala Resort May Raise Up to $2.7 Billion Next Year
- May 18,2021
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- SUSTG Team
Saudi Arabia’s ultra-luxury Amaala tourism project may raise up to 10 billion riyals ($2.7 billion) in 2022, the CEO of the company, John Pagano said in an interview on the sidelines of Arabian Travel Market in Dubai.
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Saudi Arabia Opens Up International Travel; Saudis Rejoice
- May 17,2021
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- SUSTG Team
Vaccinated Saudis will be allowed to leave the kingdom for the first time in more than a year on Monday as the country eases a ban on international travel, according to reports. The Ministry of Interior announced it will open land, sea, and air borders, allowing Saudi citizens to travel outside of the Kingdom beginning May […]
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As Construction Activity Picks Up, Prices of Building Materials in Saudi Arabia Soars
- May 14,2021
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- SUSTG Team
Prices of key construction materials in Q1 in Saudi Arabia soared to the highest prices in 12 years, with steel leading the increase as construction activity began to recover from the slowdown caused by the coronavirus disease pandemic last year.
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Saudi Arabia’s Public Investment Fund Reportedly Eyes IPO for Security Company Elm
- May 11,2021
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- SUSTG Team
Elm, the digital security firm owned by Saudi Arabia’s Public Investment Fund (PIF), is exploring a roughly $2 billion initial public offering (IPO), Bloomberg reports.
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Startup Ecosystem in Saudi Arabia Begins to Thrive
- May 6,2021
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- SUSTG Team
Saudi Arabia’s startup ecosystem is beginning to thrive as new and increasingly larger investments into young Saudi companies continue to mount.
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Saudi Arabia to Serve as Launch Point for Major Cruise Line for First Time in 2021
- May 5,2021
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- SUSTG Team
Saudi Arabia will become the launch point for a major cruise line for the first time later this year, CNN reports, with MSC Cruises operating a new series of voyages exploring the Red Sea coast of the Kingdom.
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IMF Sees Continued Recovery for Saudi Economy with Real GDP Growth at 2.1% in 2021
- May 4,2021
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- SUSTG Team
The IMF projected real GDP growth for the Saudi economy at 2.1% in 2021 and 4.8 % in 2022 (compared to a contraction of -4.1 % in 2020), according to a statement issued at the conclusion of the IMF staff mission for the Kingdom 2021 Article IV.
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Flurry of U.S.-Saudi Diplomatic Activity as Allies Huddle on Yemen, Mutual Interests
- May 3,2021
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- SUSTG Team
Top diplomatic officials from the U.S. and Saudi Arabia met in Riyadh over the weekend to discuss bilateral relations and areas of mutual interest, according to official government accounts and information shared on Twitter. Several meetings were held between the two allies. Saudi Arabia’s top diplomat, Prince Faisal bin Farhan Al-Saud, and the Kingdom’s Ambassador to the […]
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MUST-READS
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MENA AirspaceCongested airspace could cost Middle East $16 billion over next decade
A crowded airspace above the UAE and the wider GCC has been described by the International Air Transport Association (Iata) as one of the most serious problems threatening the growth of the aviation in the region.
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Turkey: ZamanTurkey’s biggest newspaper has been taken over by the state without an explanation
The newspaper, which has been critical of President Recep Tayyip Erdogan, added, that, “The Turkish press has experienced one of the darkest days in its history.”
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Saudi Women EntrepreneursHow Falling Oil Prices Helped Spark A Revolution Of “Accidental Entrepreneurs”
Private businesses in Saudi with no ties to the government had started to boom, and women were starting to participate in what are called HBB, or home-based businesses, ones that are run from entrepreneurs' homes.
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Hannibal DirectiveWrong Waze: App Leads Israeli Troops to Palestinian Camp Sparking ‘Hannibal’ Rescue Operation
Spokesperson for Waze, Julie Mossler, told Newsweek that the app has a setting that ensures routes into Palestinian-controlled territories are prevented for Israelis, saying that this feature was not in use by the soldiers.
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TurkeyRussia’s military says Turkey’s airspace violation claim a ‘provocation’
Turkey's allegations that a Russian warplane violated its airspace are not backed by any factual data and are a premeditated provocation, Russia's Defence Ministry said on Monday.
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U.S.-IsraelFormer Netanyahu aide lambasts US ambassador in heated spat
Ambassador Daniel Shapiro’s unusually critical comments drew harsh criticism from ministers in Israel’s rightwing government – including from the Israeli prime minister, Binyamin Netanyahu.
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HajjSaudi council urges more space at hajj stampede site
Saudi Arabia's Shura Council recommended Monday an expansion of roads leading to the site of a ritual in the annual hajj pilgrimage where more than 2,000 pilgrims died in a stampede last year.
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U.S. - SaudiHow Saudi Arabia’s Spat With Iran Affects the U.S.
But the notion that the U.S. is still totally wrong as a strategic partner is very far-fetched. The U.S. has no interest in [strong ties to] Iran and the positions it holds.
- CNN - U.S. fears of Iran-Saudi Arabia tensions prompt outreach by John Kerry
- Slate - Why Can't the U.S. Just Condemn Saudi Arabia's Executions?
- Lobelog - Saudi Executions: A Trap for Washington?
- Lobelog - The Saudi Executions: Fury in Iran But Not Here
- Brookings - Perspective: Perils of prediction: Why it’s so hard to guess the fallout of the Saudi-Iran split
- NPR - U.S. Declines To Play Referee In Saudi Arabia, Iran Dispute
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Spanish Warrant for NetanyahuSpain issues arrest warrant for Benjamin Netanyahu
A Spanish judge has issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and other former and current government officials for a deadly fight at sea in 2010. As long as the warrant is in effect, if Netanyahu and those officials set foot in the western European country, they could be detained and questioned.
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Space Archaeology‘Space archaeologist’ wins $1 million prize for spotting Middle East looters
Parcak's idea is to use satellite archaeology, a archaeological method for which she wrote the textbook, to find and trace looting routes, according to National Geographic.
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