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Saudi Aramco Joint Venture to Build Refinery and Petrochemical Complex in China; Delivery Date in 2024
- March 14,2022
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- SUSTG Team
Saudi Aramco and its joint venture (JV) partners will develop a refinery and petrochemical complex in China to be delivered in 2024, according to a report in the industry publication Offshore Technology.
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A discussion with author Dr. Mark Thompson on the power and potential of Saudi youth on The 966 episode 30
- March 11,2022
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- SUSTG Team
The hosts welcome Dr. Mark Thompson from Riyadh. The hosts discuss Mark’s latest book, “Being Young, Male, and Saudi,” as well as his deep experiences living and teaching in the Kingdom. Before that, the hosts discuss why U.S. shale will not be saving the day any time soon, and also an encouraging new survey from […]
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Saudi Women Cheer Kingdom’s New Personal Status Law
- March 10,2022
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- SUSTG Team
Saudi Arabia’s new personal status law which will further empower Saudi women will be enacted within 90 days, Saudi Arabia’s Crown Prince Mohammed bin Salman said, noting that it was “comprehensive in addressing all the problems that the family and women were suffering from.”
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Poll Finds Bipartisan American Support for High Gas Prices over Russian Invasion, NATO Support
- March 9,2022
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- SUSTG Team
Two weeks on in Russia’s invasion of Ukraine, a poll of American attitudes on the war finds bipartisan support for U.S. energy sanctions against Russia even if that results in higher gas prices.
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US to Ban Russian Oil Imports over Ukraine Invasion; Report Says Biden Team Considering Saudi Visit
- March 8,2022
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- SUSTG Team
President Joe Biden will announce a ban on the U.S. import of Russian energy, in the latest effort to ratchet up sanctions over Russia’s invasion of Ukraine, according to reports.
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Inaugural World Defense Show in Saudi Arabia Produces Results in Saudi’s Localization Drive for U.S. Companies
- March 7,2022
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- SUSTG Team
Saudi Arabia is hosting its first ever major defense show as industry giants from around the world assemble in Riyadh to display the latest in military tech — and pitch for lucrative opportunities as Saudi Arabia seeks to localize much of its defense industry production.
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Security and Defense Expert David Des Roches Joins The 966 to Talk Ukraine and the Middle East
- March 4,2022
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- SUSTG Team
The hosts invite NDU professor and security expert Col. David Des Roches (Ret.) back on the program for episode 29 to discuss Russia’s invasion of Ukraine and how it impacts the Middle East, as well as the changing role of NATO and energy markets. The hosts and Des Roches also discuss Lucid’s new plant in […]
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Secretary of State Blinken, Saudi FM Prince Faisal bin Farhan on Russia Invasion of Ukraine
- March 3,2022
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- SUSTG Team
Secretary of State Antony J. Blinken spoke on Wednesday with his counterpart in Saudi Arabia, Foreign Minister Prince Faisal bin Farhan Al Saud, about the Russian invasion of Ukraine, the State department said in a brief statement.
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Latest Jadwa Chartbook: Saudi Investors Unfazed So Far on Russian Invasion; Consumer Spending Climbs
- March 2,2022
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- SUSTG Team
The latest edition of the monthly chartbook from Jadwa Investment found some encouraging data points on the Saudi economy, as observers of the Kingdom look for a strong year of growth in 2022.
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Market-Leading Pharmacy Firm Nahdi Seeks Up to $1.36 billion in Saudi Arabia’s Biggest IPO Since Aramco
- March 1,2022
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- SUSTG Team
Nahdi Medical Co, Saudi Arabia’s market leader in retail pharmacies, “aims to raise up to 5.11 billion riyals ($1.36 billion) in the country’s biggest initial public offering since Saudi Aramco’s listing in 2019,” Reuters reports.
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MUST-READS
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Debate: Will the downfall of Assad reignite Gulf Arab divisions?
The sudden downfall of Bashar Al-Assad threatens to reignite competition in Syria between Gulf Cooperation Council member states (GCC). After years of estrangement with Damascus, the United Arab Emirates (UAE) had since 2019 led an effort to normalize Arab relations with Assad. This culminated in Syria’s reintegration into the Arab League in 2023, backed by Saudi Arabia. Throughout that process, Qatar remained a holdout, refusing to engage with Assad. As forces backed by Qatar and Turkey are now in charge in Damascus, are we on a path of renewed tension among Gulf Arab states? Amwaj.media invited three experts to share their views.
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Kering holds the first edition of its Kering Generation Award X Saudi Arabia
In 2018, Kering launched the first edition of its Kering Generation Award in China to support local start-ups with a positive environmental and social impact. Since then, the Kering Generation Award has expanded across several regions, including Saudi Arabia, with the support of the Kingdom’s Fashion Commission. This first Saudi edition focused on identifying startups with a positive impact in the areas of customer engagement, circular economy, and water conservation. During a pitching session in early January, 10 start-ups among 100 were selected by a panel of experts. These 10 finalists then benefited from tailored mentoring before their final evaluation.
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SAR, Arsenale Unveil the Final Designs of ‘Dream of the Desert’ Luxury Train: A Masterpiece of Art, Hospitality
Saudi Arabia Railways (SAR) and Italian hospitality company Arsenale have officially unveiled the final designs of the Dream of the Desert train, the first five-star luxury train in the Middle East. This milestone marks a significant step forward in redefining luxury rail travel in the region, seamlessly blending contemporary opulence with the rich cultural heritage of Saudi Arabia. This announcement coincides with the visit of the prime minister of the Italian Republic to the Kingdom. Inspired by the desert landscape and traditional Saudi architecture, the interiors feature refined craftsmanship, with earthy tones, luxurious textiles, and intricate decorative details. Architectural elements and motifs from iconic Saudi landmarks—including Madain Saleh and Hail—are elegantly woven into the train's design, offering passengers a journey that is both visually and culturally enriching.
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Saudi edtech UpLevel secures pre-Seed round
The Saudi edtech startup UpLevel has raised an undisclosed pre-Seed funding round from a group of angel investors. The company provides intelligent solutions aimed at empowering individuals and organisations to achieve sustainable professional growth and enhance institutional performance. This is achieved through specialised career guidance, innovative mentoring, and training programs designed according to global standards. Founded in 2024 by Idris Alshayea and Hamad AlLuhaidan, UpLevel helps companies improve employee performance by connecting them with a network of experienced professional coaches
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Global sports pitches leader to design stadium in Saudi Arabia for World Cup 2034
SIS Pitches, the team behind the record-breaking Kingdom Arena pitch in Riyadh, has announced it will design another major stadium in Saudi Arabia that will host some of the matches at the World Cup 2034. The company, which produces premium hybrid, synthetic, and natural pitches for a variety of sports, has partnered with Aramco Stadium in Al-Khobar. “A year on from the Kingdom Arena, our flagship project for the region, we’re thrilled to be able to announce another major project,” David Ball, Managing Director at SIS Middle East, said in a statement.
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Saudi Arabia Returns to Lebanon
The visit of Saudi Foreign Minister, Faisal bin Farhan, to Lebanon last Thursday symbolizes a renewed interest from the Kingdom in the country, and an opportunity to tilt the balance in Lebanon against Hezbollah, and in the Levant – against Iran. The Kingdom has previously supported political forces identified with the Sunni population in Lebanon, to ensure a foothold in the country and try to curb Iran’s influence. However, over the past decade Riyadh significantly reduced its involvement and financial aid to Lebanon, due to the weakening of its local allies, including former Prime Minister Saad Hariri. In light of Hezbollah’s weakening, Joseph Aoun was appointed president and Nawaf Salam as prime minister, both identified with the camp opposed to Hezbollah and supported by Saudi Arabia. The Saudis are satisfied with these developments and see an opportunity to strengthen their influence in Lebanon: “From what I have seen so far and the ongoing discussions in Lebanon, I can be very optimistic,” said bin Farhan before his visit to Beirut. Even in Lebanon, there will be joy at the renewal of Saudi funding, and not without reason did Aoun announce that his first trip outside Lebanon would be to Saudi Arabia.
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NEOM Green Hydrogen project reaches key milestones in energy transition
In 2024, NGHC reported achieving 60% completion across its key sites, which include a hydrogen production facility, wind garden, solar farm, and transmission grid. The installation of critical technology and the preparation of “Electrolyser 1” for a 2025 launch marked key construction milestones. NGHC is also expanding its workforce, launching a recruitment drive that attracted over 9,000 applicants and forming partnerships with educational institutions to train future talent in the sector.
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Sinem Adar: Turkey’s Syria Challenge
If you take the words of Turkish ruling elites at their face value, Turkey, first and foremost, in the mid and long term, is interested in the stabilization of Syria. It doesn't want a failed state at its border. It defines the future of Syria in three dimensions. It wants a Syria that does not cause a terror problem to its neighbors. It does not want a Syria that causes a threat to its neighbors. It wants a Syria that reflects its diverse demography. Ankara certainly sees this moment as a moment of opportunity. That can be seen in the last couple of weeks—there has been an interesting shift in the language of some officials, but also mainly in the experts that are close to the AKP. They use the words “paradigm shift” to refer to Syria.
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Careem Pay launches fee-free remittance service, undercuts traditional exchanges
Careem has launched a new remittance feature through Careem Pay that offers zero-fee international transfers and better-than-market exchange rates, challenging traditional exchange houses in the UAE’s remittance market. The move comes as conventional exchange houses increased their fees by 15 per cent last year, according to the company. The new service, which primarily benefits Careem Plus members, enables customers to save up to AED 400 per transaction when sending money abroad.
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White House envoy met senior Palestinian official in Saudi Arabia
President Trump's Middle East envoy Steve Witkoff met on Tuesday in Riyadh with a senior adviser to Palestinian president Mahmoud Abbas, according to two sources with knowledge of the meeting. This was the first meeting between a Trump administration official and a Palestinian official since November's election. The sources said the meeting was the result of several weeks of back-channel talks between Trump administration officials and Palestinian leadership. According to one source, Saudi Arabia helped broker the meeting, which took place in its capital.
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