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Recent stories from sustg
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Strong U.S., Saudi Arabia Security Alliance Evident in Latest SIPRI Annual Report
- March 13,2020
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- SUSTG Team
Saudi Arabia was the largest recipient of US arms in 2015–19 and accounted for 25 percent of U.S. arms exports, a surge of 17.6 percent over the period between 2010-2014, according to the latest Trends in International Arms Transfers, 2019 report from the Stockholm International Peace Research Institute (SIPRI).
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For Saudi Arabia’s Red Sea Projects, Protecting the Natural Wonder of Sea and Sky a Priority
- March 3,2020
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- SUSTG Team
Saudi Arabia’s planned Red Sea Development Projects will create massive tourism opportunities for the Kingdom, but Saudi authorities are keen on keeping the natural, pristine beauty of the as-yet developed sites intact during planning and construction.
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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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Saudi Arabia’s 2018 CO2 Emissions Fall Faster Than Expected
- February 4,2020
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- SUSTG Team
Latest data for the year of 2018 show that emissions in Saudi Arabia have fallen significantly for the first time, down 4.4% or 26 million tons, according to researchers at the King Abdullah Petroleum Studies and Research Center (KAPSARC).
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Using ‘Greenshoe Option’, Saudi Aramco Raises IPO to Record $29.4B; Banks Seek ‘Incentive Fee’
- January 14,2020
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- SUSTG Team
Saudi Aramco sold millions of additional shares of its initial public offering using a so-called “greenshoe option” that has raised the size of its IPO by nearly $4 billion.
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Saudi Non-Oil GDP Rises as Vision 2030 Reforms Kick In
- January 2,2020
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- SUSTG Team
Economic indicators from the month of November show a continued positive trend for Saudi Arabia, with non-oil GDP surging and credit to the private sector rising to the highest rise in 3 years, Jadwa Investment said.
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The Big Business of Riyadh Season: GEA Nets $270 Million from Entertainment Push
- December 19,2019
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- SUSTG Team
The chairman of the General Entertainment Authority (GEA) in Saudi Arabia said that the Kingdom’s “Riyadh Season” of events has generated more than SR1 billion ($270 million) for the GEA, according to Arab News.
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Arab Youth are Concerned about Unemployment, Poll Finds
- December 10,2019
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- SUSTG Team
A recent Arab News — Arab Strategy Forum research study conducted by YouGov found that 55 percent of Arab youth believe corruption is the main problem in their country, but unemployment was close behind at 46 percent, according to Arab News. In the Arab world, 65 percent of the population are under the age of 30. The study interviewed 3,079 […]
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Saudi Arabia Assumes G20 Presidency, Launches Promotional Video
- December 2,2019
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- SUSTG Team
Saudi Arabia has assumed the presidency of the Group of 20 nations (G20) for the year as it gears up to host the annual G20 meeting in Riyadh in 2020. The Kingdom launched a promotional video that has been widely shared on Twitter and other social platforms.
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U.S. Continues Troop Deployments to Saudi Arabia
- November 21,2019
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- SUSTG Team
The United States is continuing forward with a deployment of 3,000 troops to Saudi Arabia to deter threats from Iran, according to a letter sent by President Trump to the U.S. Congress this week. “United States Armed Forces have been deployed to the Middle East to protect United States interests and enhance force protection in […]
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MUST-READS
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U.S. Presidential ElectionTrump’s Foreign Policy Could Change the Entire International System
Trump’s isolationist ideology has three components, according to Wright: 1) opposition to U.S. alliances; 2) opposition to free trade; and 3) support for authoritarianism.
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TelecommunicationsZain Saudi Weighing Fiber-Internet Service After License Change
Saudi Arabia’s third-largest phone operator “has the most to gain” from a licensing change by the government because it was only able to provide mobile services before, said Andrew White, its chief strategy and business development officer.
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NitaqatChanges in Nitaqat program approved
The balanced Nitaqat program will register points scored by each firm according to five factors: the percentage of Saudization, the average salaries of Saudi workers, the percentage of Saudi women workers, job sustainability for Saudis, the percentage of Saudis with high salaries.
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Climate ChangeSaudi Arabia inks Paris climate change agreement
In a press statement, Al-Mualami underscored the significance of the great attention being given by the Saudi government to combat the climate change and its causes, as well as to reduce heat emissions that inflict massive damages on the Earth.
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Climate ChangeSaudi Aramco CEO: addressing climate change is critical
“The role of energy in global economic development is undeniable, but so is the environmental sustainability of the planet. For Saudi Aramco, addressing climate change is a critical objective,” Nasser said in his keynote.
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Saudi Hollandi BankSaudi Hollandi Bank says shareholders approve name change plan
Industry sources familiar with the matter told Reuters last month, when the bank announced its plans, that the name could be changed to First Saudi Bank.
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U.S.-Saudi RelationsSaudi Ambassador to Washington: ‘My country’s Political Standards Haven’t Changed’
He said that relations with the U.S. have started from business sector and through personal relations among individuals via petroleum, engineering, education and students’ activities.
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Qatar and the World CupPerspective: Pushing the envelope: The World Cup and Arab revolts drive change
Pressured by human rights and trade union activists leveraging Qatar's exposure as a World Cup host and influenced by subtle changes sparked by popular Arab revolts in recent years, young Qataris are pushing the envelope, broaching publicly hitherto taboo subjects like homosexuality, women's dress codes, and citizenship.
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Colbert Held Photo CollectionSee How Life Has Changed in the Middle East Over 58 Years: Short Film
Colbert Held is a former United States Foreign Service officer who has amassed a photo collection spanning 48 years and 17 countries. He did so to have a detailed, photographic record of all the landscapes he visited, a complete geographical archive of his own.
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Saudi Hollandi BankSaudi Hollandi Bank to meet shareholders on possible name change
Industry sources familiar with the matter told Reuters that the name could be changed to First Saudi Bank under a rebranding.
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