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MBZ takes the reins in the UAE, the PIF’s Saudi Coffee Co., and much more…
- May 20,2022
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- SUSTG Team
Episode 44 đ The hosts talk about the UAE’s long-time de facto ruler Sheikh Mohamed bin Zayed Al Nahyan, who was elected as president of the UAE a day after the death of former leader Sheikh Khalifa. They also discuss Saudi Arabia’s Public Investment Fund’s (PIF) new venture into the nascent coffee sector in caffeine-thirsty […]
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Number of Women with Jobs in Saudi Arabia has ‘Nearly Doubled in the Last Five Years’
- May 19,2022
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- SUSTG Team
The number of women with jobs in Saudi Arabia “has nearly doubled in the last five years and now stands at over 35 per cent of the workforce,” a top official in Saudi Arabia said this week, according to comments reported by The National.Â
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Total Saudi Government Revenue in Q1 2022 Up 36%, with Oil Revenue Up 58% – Jadwa Investment
- May 18,2022
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- SUSTG Team
Jadwa Investment’s recently-released report on the Saudi economy highlights the strong economic situation the Kingdom is in through the start of 2022, as higher oil prices and a growing non-oil sector continue to power growth in the Arab world’s largest economy.Â
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Crown Prince Mohammed bin Salman Visits Abu Dhabi Following Death of Sheikh Khalifa
- May 17,2022
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- SUSTG Team
Crown Prince Mohammed bin Salman of Saudi Arabia arrived in Abu Dhabi on Monday evening to offer his condolences on the death of Sheikh Khalifa bin Zayed Al Nahyan.
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High Oil Prices, Soaring Output Boost Aramco’s Profit to Nearly $40 Billion in 1Q
- May 16,2022
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- SUSTG Team
Saudi Aramco’s profit soared to nearly $40 billion in the first quarter of 2022, the highest since the company’s IPO, on the back of higher oil prices and increased output.
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Saudi Arabia’s tourism sector, carbon capture investments, and a conversation on Saudi-Iraqi history with Joshua Yaphe
- May 13,2022
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- SUSTG Team
In episode 43, the U.S. State Department’s Joshua Yaphe joins The 966 to discuss his book, “Saudi Arabia and Iraq as Friends and Enemies: Borders, Tribes and a Shared History.” Yaphe is a foreign affairs officer with the U.S. Department of State; responsible for research and analysis of political, economic, security and social affairs related […]
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With Energy Prices High, Saudi Aramco Again Becomes World’s Most Valuable Company
- May 12,2022
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- SUSTG Team
Elevated energy prices as a result of growing demand and supply shortages in the post-pandemic global economy boosted the value of Saudi Aramco to become the world’s most valuable company, according to reports.Â
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Kingdom Re-Launches Airports Privatization Strategy, Eyes 2023 Opening for Major Red Sea Tourism Project
- May 11,2022
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- SUSTG Team
Saudi Arabia is relaunching its strategy to privatize its airports in order to secure investment as it seeks to triple annual visitor numbers by 2030.
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Kingdom Aims for 70 Million Tourist Visits This Year; Visits Soar in 1Q 2022
- May 10,2022
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- SUSTG Team
Visits to Saudi Arabia soared in the first quarter of this year as the Kingdom eyes ambitious growth in the previously nascent sector, targeting over 70 million tourist visits this year, Saudi Tourism Authority CEO Fahd Hamidaddin told Reuters in an interview.
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Saudi Arabia’s Non-Oil Private Sector Continued to See ‘Robust Growth’ in April
- May 9,2022
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- SUSTG Team
Saudi Arabia’s non-oil private sector continued to see “robust growth” in April, Reuters reports, citing the headline seasonally adjusted S&P Global Saudi Arabia Purchasing Managers’ Index (PMI) which stood at 55.7 for the month.Â
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MUST-READS
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Will the Ceasefire Lead to Normalization with Saudi Arabia?
Since the war began, Saudi Arabia has intensified its tone toward Israel, and public messages from Riyadh have become critical, even venomous. The peak came in November of last year, when Crown Prince Mohammed bin Salman, the strongman of the kingdom, accused Israel of committing âcollective genocideâ against Palestinians in Gaza. Such statements from the de facto leader of the Saudi kingdom had not been heard before and seemed to contradict some of his previous statements regarding Israel before the war. Since the onset of the war, the kingdom has called for an immediate ceasefire, and when it was achieved, the Saudi Foreign Ministry welcomed it, adding that the kingdom hopes that it will end the âIsraeli barbarism and aggressionâ in Gaza. Initially, the kingdom had called for an IDF withdrawal from Gaza, but recently, it added the demand for withdrawal âfrom all Arab territories,â referring to positions held by the IDF in southern Lebanon and the Syrian side of the Golan Heights. In doing so, Saudi Arabia is aligning itself with other Arab states.
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Combine yachting and Formula 1 at the Saudi Arabian GP
From 18 to 20 April, the Saudi Arabian Grand Prix will take place at the renowned Jeddah Corniche Circuit, offering a spectacular coastal venue where yachting and Formula 1 can combine. With capacity for yachts up to 120 metres, Jeddah Yacht Club and Marina still has berths available and is offering a 30% discount on rates over the event. Attending yachts will enjoy unparalleled convenience and the ability to soak up the electric atmosphere from the dock. âThe marina is next door to the racetrack, so guests can be at the VIP lounges within minutes,â says Niel Gow, Agency Operations Manager at Hill Robinson. âIt really is the best way to attend the event.â
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TĂźrkiye in Talks with Saudi Arabia for US$6 Billion Defense Deal. KAAN to Get First Foreign Customer?
The Turkish Air Force is expected to begin operating the KAAN fighter jet in 2028, with an initial delivery of 20 aircraft from TAI (TUSAS). By 2029, TAI is projected to produce two KAAN fighter jets per month, generating approximately $2.4 billion (RM9.6 billion) in annual revenue. Recently, Defence Security Asia reported that Saudi Arabia is considering a proposal to acquire approximately 100 units of the KAAN fifth-generation fighter jet, which is currently under development in Tßrkiye. Discussions on the potential acquisition were reportedly held during a recent visit by Saudi Royal Air Force Commander Prince Turki bin Bandar Al Saud to Tßrkiye. During his visit, Prince Turki met with key Turkish defense companies, including Roketsan, Aselsan, and Turkish Aerospace Industries (TAI), the manufacturer of the KAAN fighter jet.
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What does Neymarâs departure mean for the Saudi league?
The Brazilian attacker was among the global stars who transferred to Saudi clubs in 2023 when Cristiano Ronaldo joined Al-Nassr and Karim Benzema left Real Madrid for Al-Ittihad. But unlike the latter two, Neymar was injured too often to make much of an impact in the desert kingdom after his 90 million euros ($94 million) transfer from Paris Saint-Germain. He played just seven games before Al-Hilal released him this week by mutual consent. Analysts say his exit is not likely to have a big impact on the Saudi leagueâs international standing as long as other big names remain. âNeymarâs departure does not damage the brand. If the other stars start leaving then it is different, but that does not look like itâs happening,â said Sasi Kumar, a former Singapore international and founder of Spain-based sports investment company 28 Ventures. âHe went there, got injured and the timing was unfortunate. I am sure Hilal and other clubs will go and make more signings, as the ambitions are still there.â
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Saudi Arabia’s Q4 GDP expands at fastest quarterly pace since 2022
Saudi Arabiaâs economy grew at the fastest pace since 2022 during the fourth quarter of last year, buoyed by expansion of both the oil and non-oil sectors as the kingdom continues to pursue its economic diversification agenda. The countryâs gross domestic product grew by 4.4 per cent on an annual basis during the three-month period to the end of December âsupported by the growth of key economic activitiesâ, the kingdomâs General Authority for Statistics said on Thursday. This rise is markedly higher than the 2.8 per cent year-on year GDP growth recorded in the third quarter of 2024, and is the sharpest rate of expansion in the past two years, according to Gastat data.
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Saudi defense giant SAMI appoints new CEO
Saudi Arabiaâs government-owned defense giant has appointed Thamer AlMuhid as its new Chief Executive Officer, five months after previous CEO Walid Abukhaled stepped down, the companyâs board of directors announced today. âIn his role as CEO, Eng. AlMuhid will lead SAMIâs mission to develop cutting-edge technologies, manufacture world-class products, and forge strategic partnerships,â according to a statement from Saudi Arabian Military Industries. The company said AlMuhid served earlier in several executive positions from CEO of Saudi Chemical Company to the vice chairman of the board of directors of the National Academy of Military Industries. AlMuhid will be the third SAMI CEO since the organizationâs founding in 2017, after German national and former Rheinmetall executive Andreas Schwer, and Saudi national and former Northrop Grumman executive Walid Abukhaled.
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Commentary: For Trump, is Gaza merely real estate to be developed?
Itâs hardly surprising that one of US president Donald Trump's initial forays into Middle East policy has been the suggestion â repeated over the weekend â that the Palestinian population of the Gaza Strip should be moved to Egypt and/or Jordan. The concept has been met with hosannas from the Israeli ultra-right, whose racist attitudes towards Palestinians are unabashed. While Mr Trump and his officials attempted to clarify it could be either "temporary" or "long term" â Israel has never allowed substantial groups of Palestinians to return to any part of Palestine once they are removed. The idea that Israel would agree to see millions of Palestinians leave "Eretz Israel" and ever allow them to return en masse would require Israeli officials to have a completely different mentality as well as a different relationship with the Palestinians.
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The Estimated Cost of the Gaza War on the Israeli Economy
More than a year after the Hamas attack on the towns of the so-called Gaza envelope, it has become clear that the economic and financial cost of Israelâs genocidal war on the Gaza Strip and its expansion into Lebanon will be very high. Indeed, it will be different from previous wars on Gaza or the Second Lebanon War in 2006. For the first time since 1948, the war started after a military offensive inside Israeli towns in the south of the country. The war has greatly affected the home front, causing serious destruction to the infrastructure and housing in those towns.
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Interpol to establish regional office in Saudi Arabia
Interpol is to establish an office in Saudi Arabia that will serve the Middle East and North Africa region. Hisham Al-Faleh, undersecretary at the Kingdomâs Ministry of Interior, and Jurgen Stock, secretary-general of the international police organization, signed a host country agreement on Wednesday. Prince Abdulaziz bin Saud, the Saudi Minister of Interior, and Maj. Gen. Ahmed Naser Al-Raisi, the president of Interpol, also attended the signing ceremony, the Saudi Press Agency reported. In addition, they discussed Interpolâs activities during a meeting that also included Nasser Al-Dawood, the deputy minister of interior; Brig. Gen. Abdulmalik Al-Saqeeh, the director general of Saudi Interpol; and other senior officials.
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Adesanya vs Imavov: UFC fight Saudi Arabia â start time, card, how to watch
The Ultimate Fighting Championship (UFC) travels to Saudi Arabia with an impressive lineup of mixed martial arts (MMA) talent, headlined by a thrilling main event middleweight clash between former two-time UFC champion Israel Adesanya of New Zealand and Franceâs rising star, Nassourdine Imavov. The co-main event features a much-anticipated bout between the all-round brilliance of Shara Magomedov from Russia and the powerful punching Briton, Michael Page.
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