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An Interview with the IMF’s Abdullah Hassan, Former Sous-Sherpa for Saudi Arabia for the G20 Meetings
- October 14,2021
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- SUSTG Team
In 2020, Saudi Arabia became the first Arab nation to assume the G20 presidency. Hosting the G20 is a massive undertaking, involving close to two years of event planning, policy development and strategy, and much more.
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Saudi Arabia’s Nayifat Finance Company Latest to Announce IPO Plans on Surging Tadawul
- October 13,2021
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- SUSTG Team
Saudi Arabia’s Nayifat Finance Company said on Tuesday it plans an initial public offering (IPO) on the Riyadh stock exchange with a free float of 35% of its shares, according to a Reuters report. Nayifat, a consumer-focused Islamic finance firm, said in a statement that it plans a sale of 35 million shares to institutional […]
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Crown Prince Announces Launch of New National Investment Strategy to Attract FDI
- October 12,2021
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- SUSTG Team
Saudi Crown Prince Mohammed bin Salman gave details of a new investment strategy, called the National Investment Strategy, on Monday that aims to raise net foreign direct investment to 388 billon riyals ($103.45 billion) annually, the state news agency (SPA) reported.
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U.S. State Department Condemns ‘Outrageous’ Attack by Houthi Forces on King Abdullah Airport in Jazan
- October 11,2021
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- SUSTG Team
The U.S. State Department joined a chorus of other nations in condemning Friday’s attack by the Iran-backed Houthi group on King Abdullah Airport in Jazan, Saudi Arabia that wounded 10. The attack injured both passengers and airport staff when an explosives-laden drone hit King Abdullah Airport on Friday. According to Arab News, the injured included six […]
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Premiere League Set to Give Saudi Green Light for Newcastle Takeover
- October 7,2021
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- SUSTG Team
Saudi Arabia’s PIF has cleared a significant hurdle in its quest to acquire a reported 80 percent stake in Newcastle United, according to reports.
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Biden Administration Welcomes Saudi Engagement with Iran, Talks Still in ‘Exploratory Phase’
- October 5,2021
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- SUSTG Team
The U.S. said it welcomes the news of direct communication between Saudi Arabia and Iran, Jennifer Gavito, deputy assistant secretary for Iran and Iraq at the State Department’s Bureau of Near Eastern Affairs, told CNBC’s Dan Murphy in Dubai.
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Mashable Review: ‘The Lucid Air is the Future of Cars’
- October 1,2021
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- SUSTG Team
Lucid Group, Inc., the electric car maker backed by Saudi Arabia’s Public Investment Fund (PIF), recently gave a sneak peak of its forthcoming Lucid Air Dream Edition to a small group of media representatives at its main factory in Casa Grande, Arizona. One of those media people, Chris Taylor from Mashable, gave the car a […]
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Unemployment Among Saudi Citizens Hits Lowest in the Decade as Economy Continues Recovery
- September 30,2021
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- SUSTG Team
Unemployment of Saudi citizens dropped to 11.3% in the second quarter of this year, the lowest in a decade, according to the government’s General Authority for Statistics, as signs continue to mount that the Saudi economy is continuing to recover from the global pandemic.
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ACWA Sets IPO Price at Top End of Range; Mulls Green Bond Options in 2022
- September 29,2021
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- SUSTG Team
Saudi Arabia’s ACWA Power International, one of the Kingdom’s main vehicles for building renewable energy projects, has set the offer price for its IPO at the top of a range, Bloomberg reports. According to that report, ACWA Power International will sell shares at 56 riyals ($14.93) apiece after the institutional part of the offering ended, and will raise $1.2 billion for […]
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U.S. National Security Adviser Jake Sullivan Visits Saudi Arabia, Meets with Crown Prince Mohammed bin Salman
- September 28,2021
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- SUSTG Team
President Joe Biden’s national security adviser, Jake Sullivan, visited Saudi Arabia on Monday and met with Crown Prince Mohammed bin Salman, according to reports.
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MUST-READS
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War in YemenUAE and Saudi Arabia hold talks with Yemen’s Al Islah party – The National
Al Islah fighters have been fighting alongside forces loyal to Yemeni president Abdrabu Mansur Hadi in Marib province, east of Sanaa, for three years.
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U.S. ArtistAmerican Artist David Datuna Recreates the Flag of Saudi Arabia
Today American artist David Datuna presented his rendition of the flag of the Saudi Arabia to His Royal Highness Prince Khalid Al Faisal, the Governor of the Western Provence, as a gift from the Americans to the people of Saudi Arabia.
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JerusalemState Department warns of violence ahead of Trump Jerusalem decision
The State Department has warned American embassies worldwide to heighten security ahead of a possible announcement Wednesday by President Donald Trump that the U.S. recognizes Jerusalem as the capital of Israel.
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WeatherExtreme cold weather predicted in parts of Saudi Arabia this week
The General Authority for Meteorology and Environment Protection predicted that the Saudi Arabia will be affected by a cold air mass with significant lowtemperatures that would reach below 0° C.
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Abu Dhabi National Oil CompanyADNOC Accelerates Partnership Initiatives and Expands Investment Opportunities
In November alone, ADNOC signed oil and gas contracts worth at least $10 billion, announced plans to increase refining capacity by almost two-thirds and triple petrochemical production, had its debut for syndicated loans in international markets, and revealed details for a landmark partial privatization of the company’s fuel distribution business.
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Saudi VC in USSaudi Arabian Startup Investment Into US Startups Slows
Over the past four years, VC firms in Saudi Arabia have invested over $5 billion known dollars into U.S. startups—with the pace of investment skyrocketing to highs into 2016.1 And although the Kingdom is opening itself up to new experiences, venture investments made from groups based in the country, as we’ll discover, are about as diverse its economy.
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U.S. Department of StateTillerson Fills In Some Details of the State Department’s Unfolding ‘Redesign’
Taking offense at accusations that he is “hollowing out” the State Department, Secretary of State Rex Tillerson on Tuesday praised the career employees he said are running the controversial “redesign” of his agency, fleshing out his team’s plan for new efficiencies and promising to modernize aging information technology.
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PalestineThe Radical Women at the Heart of Palestine’s First Intifada
An illuminating new documentary, ‘Naila and the Uprising,’ spotlights the female activists who held up a movement—and fought for both Palestinian liberation and gender equality.
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U.S.-Saudi RelationsCommentary: Has Kushner given Riyadh carte blanche?
The State and Defense departments have urged Riyadh and Abu Dhabi to ease their pressure campaigns on Qatar and Lebanon and improve aid access in Yemen to avert catastrophic famine. But Saudi and Emirati officials have suggested to US diplomatic interlocutors that they feel they have at least tacit approval from the White House for their hard-line actions, in particular from President Donald Trump and his son-in-law and senior adviser, Jared Kushner, who Trump has tasked with leading his Middle East peace efforts.
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Corruption CrackdownSaudi Graft Suspects Are Starting to Make Payments for Freedom
Saudi suspects being held as part of the kingdom’s crackdown on alleged corruption are starting to make payments to settle cases in exchange for freedom, according to people with knowledge of the matter.
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