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Recent stories from sustg
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Jadwa Investment: Saudi GDP to Grow 7.7% in 2022
- February 17,2022
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- SUSTG Team
Saudi Arabia’s economy will “exhibit strong levels of growth in 2022, as pandemic related uncertainty and volatility seen over the last couple of years diminishes,” according to a new report from Riyadh-based Jadwa Investment, which said that the Kingdom’s overall GDP will expand by 7.7 percent in 2022.
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Saudi Arabia Transfers 4% of Aramco Shares Valued at $80 billion to Public Investment Fund
- February 14,2022
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- SUSTG Team
Saudi Arabia transferred shares worth about $80 billion in oil giant Aramco to the Public Investment Fund as part of efforts to move forward economic diversification efforts, according to reports.
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Fitch, Moody’s Rates Public Investment Fund of Saudi Arabia ‘A’ and ‘A1’; Outlook Stable
- February 8,2022
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) has been assigned debut ratings by agencies Fitch and Moody’s, receiving an ‘A’ rating and ‘A1’ rating, respectively.
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KAPSARC’s Adam Sieminski joins The 966 to talk renewable energy and the circular carbon economy
- January 21,2022
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- SUSTG Team
The 966 welcomes a special guest for Episode 22 from Riyadh: Adam Sieminski, who just finished serving as President of KAPSARC, the leading think tank based in Saudi Arabia. Adam previously was the head of the U.S. Energy Information Agency, and was the senior director for energy and environment on the U.S. National Security Council […]
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Saudi Arabia Set to Send First Athlete to Winter Games in Beijing
- January 17,2022
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- SUSTG Team
The Kingdom of Saudi Arabia will be participating for the first time in history in the Winter Olympic Games in Beijing, China.
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The 966 Episode 21: A deep dive on the homegrown Saudi defense industry and the U.S.-Saudi security relationship with David Des Roches
- January 14,2022
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- SUSTG Team
Episode 21 of The 966 has the hosts welcoming special guest and security expert David Des Roches, Associate Professor at the National Defense University and a Non-Resident Fellow, AGSIW. Des Roches joins The 966 to discuss the status of the U.S.-Saudi security relationship and how Saudi Arabia is progressing in its efforts to develop a homegrown […]
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Episode 17: The Diriyah Art Biennale, The Red Sea Film Festival wraps, Philosophy in Saudi, and Expo Saudi 2030?
- December 17,2021
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- SUSTG Team
This week, the hosts discuss the Kingdom’s 2022 budget, the Diriyah Art Biennale ongoing now outside of Riyadh, the Red Sea film festival, a philosophical discussion in Saudi Arabia, and whether the Kingdom will host Expo 2030.
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Tadawul IPO Surges in Debut, CEO Says 50 Companies have Applied for 2022 Listing
- December 9,2021
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- SUSTG Team
Saudi Tadawul Group’s IPO raised $1 billion, with shares rising as much as 22% on Wednesday, marking the biggest exchange IPO since Euronext went public in 2014.
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Saudi Arabia Announces Two New Mega-Development Plans in a Week
- November 17,2021
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- SUSTG Team
Saudi Arabia is full steam ahead with ambitious, large-scale new developments in the Kingdom, with two new projects announced this week alone.
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Saudi Telecom to Build Region’s Largest Cloud-Enabled Data Center with $400 Million Investment
- November 15,2021
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- SUSTG Team
Saudi Telecom Co (STC), the biggest telecommunications company in the Middle East, will invest 1.5 billion riyals ($400 million) “to build the largest cloud-enabled data center in the region as the oil rich-kingdom seeks to become a center for digitalization,” Bloomberg reports, citing a spokesman for the company.
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MUST-READS
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YemenSaudi forces shoot down Scud from Yemen
Saudi Arabian air defenses on Monday intercepted a Scud missile fired at Khamis Mushait city where a major airbase is located, the coalition fighting in Yemen said.
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War in YemenSaudi Arabia Shoots Down Ballistic Missile Fired From Yemen, Targets Launch Pad
The coalition said, in a statement cited by the Associated Press (AP), that the missile was intercepted at dawn on Monday by Royal Saudi Air Defense Forces. The missile was headed toward the southwestern region of Asir in Saudi Arabia, it added.
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Women in BusinessSaudi Women Are Getting Down to Business
“This business is now my relationship with my husband,” Attar says. “He started respecting me: ‘My wife has value, she has talent, she is making me money.…’ Before it was just ‘my wife, the caregiver, the cook.’ Now it’s ‘my wife, my partner.’”
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EU-IsraelEU toned down statement irks Israel
Both Israel and the Palestinians gave a reserved welcome to the decision by EU foreign ministers.
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2016 BudgetA Breakdown of the 2016 Saudi Budget and Its Implications
Saudi Arabia released a more tightfisted budget for 2016, reflecting scaled-back revenue expectations and lower spending on subsidies because of sinking oil prices and its involvement in the war in neighboring Yemen.
- CNBC - Saudis unveil radical austerity program
- Market Watch - Saudi Arabia unveils 2016 budget
- NBC - Saudi Arabia Unveils Broad Economic Reforms to Attack Record Deficit
- Al-Arabiya - Experts: Saudi budget realistic, close to expectations
- Construction Week - Projects under scrutiny as Saudi trims 2016 budget
- Zero Hedge - More Bad News For Oil: Saudis Are Handling Crude Crash Better Than Expected
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AQAPAn al Qaeda commander comes out from the shadows
Al Qaeda in the Arabian Peninsula (AQAP) publicly identified one of its founding members for the first time in a video released earlier this month. Ibrahim Abu Salih (also known as Abu al Hassan al Hashimi) has been a jihadist for more than 35 years, but AQAP’s “Guardians of Sharia” is the first production he has been featured in.
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Turkey - RussiaPutin: Turkish downing of Russian plane was ‘enemy act’
Russian President Vladimir Putin on Thursday called the Turkish downing of a Russian war plane "an enemy act" and rejected international efforts to oust Syrian President Bashar al-Assad.
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Counter TerrrorismAl Arabiya documentary: Saudi Arabia’s crackdown on al-Qaeda
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Turkey - RussiaNo Apologies from Turkey for Shooting Down Russian Jet
“No country can ask us to apologize [for the incident] because [we were] doing our job,” Ahmet Davutoglu, the Turkish prime minister, said. “Our action was a defensive action.”
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Turkey - RussiaKremlin hits Turkey with sanctions over shoot down of Russian warplane
The Kremlin issued economic sanctions against Turkey on Saturday over the shootdown of a Russian warplane, brushing off a fence-mending bid by Turkey's president who expressed regret over the incident and proposed a meeting with Russian President Vladimir Putin in Paris next week.
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