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Saudi Arabia takes cautious approach on Coronavirus as Kingdom suspends entry for Umrah pilgrimage, tourism
- February 27,2020
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- SUSTG Team
Saudi Arabia has temporarily suspended arrivals by foreigners for the Umrah pilgrimage and tourists from two dozen countries where the new coronavirus has spread, according to a report in Reuters, in hopes that the Kingdom might stay head of the looming threat of a pandemic.
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Saudi Cabinet Shakeup Places Khalid Al-Falih in Charge of New Investment Ministry
- February 25,2020
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- SUSTG Team
Saudi Arabia has shaken up its government investment bodies with a major change to SAGIA, the Saudi Arabian General Investment Authority, making the body a full ministry and replacing former Governor Ibrahim Al-Omar with former Saudi Aramco head Khalid Al-Falih, the King revealed in a series of royal decrees. In three separate royal orders, Eng. Ibrahim bin […]
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Saudi Aramco Plans to Invest $110 Billion to Develop Unconventional Gas Reserves in Saudi Arabia’s Jafurah field
- February 24,2020
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- SUSTG Team
Saudi Aramco plans to invest a whopping $110 billion to develop unconventional gas reserves in Saudi Arabia’s Jafurah field, the state news agency SPA said on Friday.
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On Third Day of Saudi Trip, Pompeo Tours Saudi Airbase, Meets with Crown Prince Mohammed bin Salman
- February 21,2020
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- SUSTG Team
Secretary of State Michael Pompeo met with Crown Prince Mohammed bin Salman and separately with Prince Khalid Bin Salman in Saudi Arabia on his third and final day of a visit to the Kingdom, according to reports, before taking a tour of a key Saudi Arabian air base where the U.S. has deployed defense capabilities.
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Pompeo Meets with King Salman, FM Prince Faisal bin Farhan in Riyadh
- February 20,2020
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- SUSTG Team
Secretary of State Mike Pompeo met with King Salman and Foreign Minister Prince Faisal bin Farhan in Riyadh today, photos from the Saudi Press Agency show.
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Secretary of State Pompeo Arrives in Riyadh for 3-Day Visit, his Second of 2020
- February 19,2020
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- SUSTG Team
Secretary of State Mike Pompeo arrived in Riyadh today for a three-day visit to meet with Saudi officials. During his visit to Riyadh, Pompeo is scheduled to meet senior Saudi leaders and visit Saudi Aramco’s Khurais oil field, which was targeted in a missile attack in September that both the kingdom and the U.S. blame on Iran. Tehran denied involvement […]
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Saudi Cabinet Gives Approval to Saudi Export and Import (Exim) Bank, Launch Expected Soon
- February 18,2020
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- SUSTG Team
Saudi Arabia’s Council of Ministers has approved regulations for the creation of a new Saudi Export and Import (Exim) Bank on Tuesday during a session presided over by Custodian of the Two Holy Mosques King Salman at Al-Yamamah Palace.
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Saudi Arabia and Kuwait Agree to Resume Oil Production from Neutral Zone Fields
- February 14,2020
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- SUSTG Team
Saudi Arabia and Kuwait will resume joint production at two oilfields from a shared neutral zone between the countries, according to Bloomberg, ending a five-year dispute that sidelined production from the area.
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Weaker Demand for Oil as Coronavirus Spreads, Pushing Prices Down
- February 12,2020
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- SUSTG Team
Saudi Arabia and other oil producing nations that form the OPEC+ group are seeking common ground on how to keep oil prices from tumbling further in the face of weak demand from the spread of the Coronavirus.
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Al-Ula Planners, Developers Keen to Keep Historic Beauty of Site Intact with Millions Expected Annually
- February 11,2020
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- SUSTG Team
Planners and developers working on making Saudi Arabia’s Al-Ula UNESCO heritage site easier and more enjoyable to visit are keen to keep intact the natural beauty and wonder of the site, the UAE-based The National reports, citing an interview with Francesca Arici, the site’s chief planning officer.
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SudanSudan’s ‘Civil Disobedience Campaign’ Brings Capital To a Standstill
A civil disobedience campaign in Sudan has brought the country's capital to a standstill, closing down restaurants, banks and other businesses and turning streets desolate on Sunday, the latest escalation by protesters demanding an end to military rule.
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Yemen Civil WarFighting grips south Yemen as Saudi coalition bombs capital
Yemen’s human rights minister says heavy fighting is underway in the country’s south as rebel Houthis push to gain more territory from government forces and their allies. The clashes come as the Saudi-led coalition carried out airstrikes on the capital, Sanaa, earlier on Thursday, targeting the Houthis and killing at least three civilians.
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SyriaSyrian troops capture 2 villages in last rebel stronghold
Syrian pro-government media say their troops have captured two villages and a nearby hill in the last rebel stronghold in the country’s northwest — Idlib province. The development is part of the latest push by government forces against the enclave that was launched last month. So far, dozens have been killed and more than 150,000 have been displaced.
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U.S. Foreign PolicyCommentary: The U.S. Can’t Escape the Middle East
The continued focus on Iran despite the department’s stated pivot to Russia and China has frustrated many observers and former officials. Wasser pointed out that the Defense Department ranks Iran as a fourth-tier threat in the 2018 National Defense Strategy, the Pentagon’s latest guiding document.
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Saudi Oil PolicyThe Saudi Plan To Boost Spare Oil Production Capacity
Even as Saudi Arabia’s oil production reached record levels, with total output hitting 11.1m barrels per day (bpd) in November 2018, the country is boosting levels of investment to ensure there is spare capacity to meet a global supply shock and subsequent increase in prices.
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Riyadh ArtRiyadh Art Will Bring 1,000 Works of Art to the Saudi Capital in 2023
Of course, you’ll need a fair bit of work to properly cover Saudi Arabia’s most populous city—which is why the project aims to cover Riyadh with 1,000 discrete works from both local and international artists.
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Crypto CurrencyU.A.E. Token Sales Make It a Global Crypto Capital, Passing U.S.
Coming from way behind, the United Arab Emirates has just emerged as the world’s capital for sales of digital tokens, accounting for more than a fourth of all funds raised in offerings this year through early April, according to CoinSchedule.
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Venture CapitalSaudi General Investment Authority Launches Venture Capital Platform
The Saudi Arabian General Investment Authority (SAGIA) launched on Wednesday VENTURE by Invest Saudi, a new initiative aimed at attracting global venture capital firms to the Kingdom, reported the Saudi Press Agency.
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Stars in ArabiaStunning Timelapse Captures Majestic Moonset in North-Western Saudi Arabia
Awad Alharbi, a Saudi photographer, filmed the timelapse footage describing it as showing the Milky Way spinning above the Sharaan mountains, east of al-Ula city, during moonset.
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SABB-AlawwalSaudi CMA approves SABB’s capital raise request to merge with Alawwal Bank
Saudi Arabia's Capital Market Authority (CMA) approved Saudi British Bank’s (SABB) request for raising its capital to SAR 20.55 billion from SAR 15 billion. SABB will carry out the capital raise through issuing 554.79 million ordinary shares to merge with Alawwal Bank and transfer all of Alawwal Bank’s assets and liabilities to SABB through a securities exchange offer, CMA said in a statement on Monday.
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