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Saudi Crown Prince Promises Justice for ‘Heinous Crime’ of Khashoggi Murder, Touts Reform Progress
- October 25,2018
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- SUSTG Team
Crown Prince Mohammed bin Salman took the stage yesterday at the Future Investment Initiative conference in Riyadh, making his first public comments since the murder of Saudi journalist Jamal Khashoggi in Istanbul grabbed the world’s attention. The Crown Prince did not shy away from the topic, and opened with addressing what he and the Saudi […]
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Saudi Private Sector Growth Slows to Four Month Low
- October 3,2018
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- SUSTG Team
Growth in Saudi Arabia’s non-oil private sector slowed to a four-month low in September, a monthly survey of companies showed on Wednesday. The seasonally adjusted Emirates NBD Saudi Arabia Purchasing Managers’ Index fell to 53.4 last month from 55.1 in August. A level above 50 indicates expansion, Reuters reports. Despite struggles in the private sector, Saudi […]
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Kingdom’s Finances Trending Positively as Higher Oil Enables Government to Increase Spending by 7% in 2019
- October 1,2018
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- SUSTG Team
Saudi Arabia’s Minister of Finance told reporters in Riyadh on Sunday the Kingdom would accelerate state spending next year in what he hopes will be a clear message to the private sector that the government is determined to support economic growth, according to reports. Saudi Arabia may spend SAR 100 billion ($26.6 billion) more than originally planned in 2019 […]
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PIF Launches Plans to Build Amaala, a Brand New ‘Ultra-Luxury’ Tourist Destination to Compete with Riviera
- September 27,2018
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) has announced the launch of Amaala, set to become an uber-luxury destination on the northwestern coast of Saudi Arabia that the Kingdom hopes will compete with the French Riviera for tourism dollars when completed. Amaala is a new 3,800 square kilometer project that aims to create an all-new concept […]
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Oil Reaches Four Year High after OPEC+ Downplays Calls for Increased Production
- September 25,2018
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- SUSTG Team
Oil rose to its highest price in four years on Tuesday, to above $81 on Brent, after Saudi Arabia and Russia appeared to downplay calls from the US to increase production. Saudi Arabia said it will boost its crude oil production “in the coming months” as it expects stronger demand, according to recent comments made by […]
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Uptick in Saudi-Pakistan Relations Following Visit of New PM Khan to Riyadh
- September 21,2018
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- SUSTG Team
New Pakistani Prime Minister Imran Khan visited Saudi Arabia this week for meetings with high-level Saudi officials to discuss trade and diplomatic issues. Khan met directly with King Salman and Crown Prince Mohammed bin Salman during his visit. As a result of the Prime Minister’s meetings, Pakistan has reportedly invited Saudi Arabia to become the third […]
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Saudi Embassy to Celebrate 88th Saudi National Day with Event at National Harbor
- September 20,2018
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- SUSTG Team
On Sunday, September 23, the Royal Embassy of Saudi Arabia in Washington will host a celebratory event to mark the Kingdom’s 88th national day at the National Harbor, the Embassy said on Twitter. The event begins at 3pm at the Pier at National Harbor and will showcase Saudi folklore and culture and is free for […]
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75% of Riyadh Metro Project Work Completed, Riyadh Emir Says
- September 18,2018
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- SUSTG Team
Saudi Arabia’s ambitious and sprawling Riyadh metro project is 75% completed, Riyadh Emir Prince Faisal Bin Bandar said after chairing the Arriyadh Development Authority meeting on Monday. Prince Faisal, who is also the chairman of the board of directors of Arriyadh Development Authority and chairman of the supreme committee for supervision of the King Abdul […]
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PIF-Backed Red Sea Tourism Company Names High-Powered Advisory Board
- September 17,2018
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) has appointed an international advisory board of business, tourism and environmental figures for its Red Sea tourism development. The announcement follows the selection of a former director of London’s Canary Wharf business zone, John Pagano, as chief executive of the project, which will see resorts developed on 50 islands […]
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Ministry of Labor Inspectors ‘Find Many Shops Closed’ as Store Owners Deal With New Regulations
- September 12,2018
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- SUSTG Team
Saudi Arabia’s plans to increase Saudi employment to 70 percent of jobs in stores in several sectors came into force on Tuesday, and inspectors from the Ministry of Labor reportedly found that “many such shops in Dammam and Al-Khobar downed their shutters to avoid penalties and ensure that when they open they are in line with the […]
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MUST-READS
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AfghanistanAfghans, diplomats surprised by report of Trump plan to pull out troops
Afghan officials and America’s Western partners reacted with unease on Friday to reports that the United States planned to withdraw more than 5,000 of its 14,000 troops from Afghanistan, after tentative steps toward peace talks.
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Saudi WorkforcePerspective: Saudi unemployment and how to combat it
This is where there is a role for a national database of applicants to direct them toward the appropriate training, through the Technical and Vocational Training Corp., private recruitment offices and training institutes in the private sector.
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IranIran’s Rising Unemployment Crisis
Iran’s increasingly tight job market, as a result of poor political and economic policies, as well as global sanctions, may intensify sociopolitical dissatisfaction and spark further unrest.
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EnergySaudi energy minister says kingdom launches uranium exploration program
Saudi energy minister Khalid al-Falih said on Monday the kingdom had launched a uranium exploration programme and initial indications were positive, Al-Arabiya Business reported on Twitter.
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European UnionUK says exploring sanctions with EU against Saudi Arabia
As investigations into the murder of Saudi journalist Jamal Khashoggi continue to cause diplomatic tensions, the U.K.'s foreign office told CNBC that it is ready to sanction Saudi Arabia if evidence points to its involvement in the death.
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War in YemenHouse blocks bill to end support for Saudi coalition in Yemen as UK yields diplomatic progress
The setback for critics of the coalition in the U.S. comes after the United Kingdom announced progress this week on the diplomatic front as the United Nations special envoy pushes to get the warring parties to the negotiating table by the end of the month in Sweden.
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U.S. State DepartmentUS Diplomatic Vacancies Are Straining Alliances
Almost half the top jobs in the State Department are empty. In 18 countries, the White House has yet to designate a U.S. ambassador. That includes Australia, a close ally to America that is beginning to look to China instead.
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Israel in the RegionMossad chief, Israel’s secret diplomat to the Mideast
The man behind the blooming Israeli diplomacy with the Muslim world is Yossi Cohen, director of Israel’s Mossad, who accompanied Netanyahu to Oman.
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IranA foiled assassination plot in Denmark may just have cost Iran a partner against Trump
Denmark is leading a push for new E.U. sanctions against Iran, after its intelligence agencies blamed Tehran for a foiled plot to assassinate an Iranian dissident on Danish soil. The plot was already uncovered in September and triggered a massive police operation, in which Denmark shut down streets and bridges across the country.
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Saudi Workforce(Saudi and Non-Saudi) Unemployment Rate Drops to 6%, and Stabilizes at 12.9% for Saudi Citizens
Saudi economic participation increased by (42.0%) compared to (41.9%) in the previous quarter. Saudi male economic participation rate stabilized at (63.5%); on contrary, Saudi female economic participation edged up to (19.6%) compared to (19.5%) in the previous quarter.
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