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Saudi Arabia’s ACWA Power Begins Construction on South Africa’s Largest Renewable Project
- May 13,2021
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- SUSTG Team
Saudi-based ACWA Power has announced the start of construction on the 100MW Redstone solar thermal project in South Africa following financial close of the deal, according to reports.
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Saudi Arabia, Arab League Blast Israel’s ‘Excessive Force’ in Gaza
- May 12,2021
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- SUSTG Team
Saudi Arabia’s foreign minister on Tuesday condemned Israel’s attempts to evict Palestinians from their homes, as the Kingdom and the Arab League “angrily denounce” what they call the use of excessive force in Gaza.
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Saudi Arabia’s Public Investment Fund Reportedly Eyes IPO for Security Company Elm
- May 11,2021
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- SUSTG Team
Elm, the digital security firm owned by Saudi Arabia’s Public Investment Fund (PIF), is exploring a roughly $2 billion initial public offering (IPO), Bloomberg reports.
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Eid Al-Fitr to Start Thursday, Saudi Scholar Says; Saudis to Look for Crescent Moon
- May 10,2021
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- SUSTG Team
A Saudi scholar and advisor to the Royal Court predicts that Ramadan will end on Wednesday May 12th and the Eid Al-Fitr will begin on Thursday May 13th, according to a report in Gulf News. The precise ending of the 30 days-long Ramadan for the world’s 1.8 billion Muslims will depend on the sighting of the youngest […]
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Startup Ecosystem in Saudi Arabia Begins to Thrive
- May 6,2021
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- SUSTG Team
Saudi Arabia’s startup ecosystem is beginning to thrive as new and increasingly larger investments into young Saudi companies continue to mount.
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Saudi Arabia to Serve as Launch Point for Major Cruise Line for First Time in 2021
- May 5,2021
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- SUSTG Team
Saudi Arabia will become the launch point for a major cruise line for the first time later this year, CNN reports, with MSC Cruises operating a new series of voyages exploring the Red Sea coast of the Kingdom.
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IMF Sees Continued Recovery for Saudi Economy with Real GDP Growth at 2.1% in 2021
- May 4,2021
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- SUSTG Team
The IMF projected real GDP growth for the Saudi economy at 2.1% in 2021 and 4.8 % in 2022 (compared to a contraction of -4.1 % in 2020), according to a statement issued at the conclusion of the IMF staff mission for the Kingdom 2021 Article IV.
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Flurry of U.S.-Saudi Diplomatic Activity as Allies Huddle on Yemen, Mutual Interests
- May 3,2021
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- SUSTG Team
Top diplomatic officials from the U.S. and Saudi Arabia met in Riyadh over the weekend to discuss bilateral relations and areas of mutual interest, according to official government accounts and information shared on Twitter. Several meetings were held between the two allies. Saudi Arabia’s top diplomat, Prince Faisal bin Farhan Al-Saud, and the Kingdom’s Ambassador to the […]
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Saudi Economy: TASI Rises in April, and Consumer Spending Bounces Back
- April 30,2021
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- SUSTG Team
Recent data on Saudi Arabia’s economy showed a mixed picture for the Kingdom, with non-oil PMI trending lower in March, month-on-month, while remaining in expansionary mode, according to Jadwa Investment and official government figures.
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High-Level Biden Administration Officials Plan Regional Trip to Gulf Allies in Diplomatic Push
- April 29,2021
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- SUSTG Team
The Biden administration is sending a team of senior officials to visit top regional allies in the Gulf including visits to Saudi Arabia, the UAE, Egypt, and Jordan, according to reports from several news outlets.
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MUST-READS
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SyriaHezbollah sees no immediate end to Syria war, partition in Iraq and Syria a possible outcome
Syria's civil war, now in its sixth year, has killed more than 250,000 people, displaced more than 6.6 million inside the country and forced another 4.8 million to flee, creating a huge influx into neighboring countries and Europe.
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2016 U.S. Presidential ElectionHillary Clinton becomes the first woman to lead a major-party ticket
Hillary Clinton made history Tuesday as the first woman chosen to lead a major-party presidential ticket as family, friends and old political allies took turns extolling her as a leader with the experience to keep the country safe and the heart to help those who have been forgotten.
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Women in the WorkforceNearly six million Saudi women ‘do not participate’ in workforce
More than 5.8 million Saudi women are not participating in the labor force, despite the fact that most of them are over 15 years old, according to the General Authority for Statistics’ report for the second half of 2015, Al-Watan daily reported.
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U.S.-Saudi DiplomacyState Department: Riyadh Suggested Offering Forces to Fight ISIS in Syria: ‘We Are Seriously Studying the Issue’
Speaking to Asharq Al-Awsat newspaper, Kirby said that the Saudi foreign minister had suggested providing military forces to the campaign against ISIS. Al-Jubeir had also discussed with his U.S. counterpart means to reach a political transition in Syria, Kirby said, adding that the talks also tackled the situation in Libya and Yemen and the latest developments between Israel and Palestine.
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IsraelU.N. chief slams Israel over settlement plans in wake of Quartet report
U.N. chief Ban Ki-moon sharply criticized a decision by Israel to advance plans to build hundreds of units in the West Bank and East Jerusalem just days after world powers called on Israel to stop its settlement policy, his spokesman said on Tuesday.
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U.S.-Saudi InvestmentGeneral Electric, Saudi Aramco help fund Boston-Area 3D printing startup Desktop Metal
Desktop Metal, a Lexington startup that aims to create an affordable and efficient metal 3D printer, has disclosed that it has landed $52 million in total funding from investors including GE Ventures and Saudi Aramco Energy Ventures.
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War in YemenUN Envoy Urges Yemen Warring Parties to Finalize Peace Deal
The U.N. envoy for Yemen appealed to the warring parties on Tuesday to finalize a peace deal as soon as possible, saying slow progress has been made in the past two months and it's now time for concessions on the toughest issues.
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U.S. Syria PolicyLessons from the State Department Syria Dissent
The State Department diplomats who signed the communique are asking for President Obama to authorize the use of U.S. military air power against key Assad regime installations for one reason and one reason only: to make the Geneva diplomatic process more credible.
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YemenHow Yemen’s wartime central bank keeps country afloat
As civil war engulfs Yemen, the central bank is so committed to staying neutral that it pays salaries of soldiers on both sides.
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War in YemenConflict Parties Approve 4-Item Saudi Ceasefire Proposal on Yemen
Saudi Arabia recently presented a roadmap module drafting a method to ceasefire and cooperation in Yemen. Concerned conflict parties have unconditionally agreed to the proposal, well-informed sources located at the Yemeni peace talks in Kuwait told Asharq Al-Awsat newspaper.
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