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Saudi Arabia’s Crown Prince Says Kingdom Offering $6 Trillion in Investment Opportunities Over Next Decade
- January 14,2021
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman said the Kingdom offers investment opportunities worth $6 trillion over the next decade, with new projects representing half of this value, he said in a speech at the World Economic Forum on Wednesday.
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$5 Billion Hydrogen Project JV Planned for NEOM Hires Financial Advisor – Report
- January 13,2021
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- SUSTG Team
A three-organization joint venture hydrogen project between Air Products, NEOM, and ACWA Power has hired financial firm Lazard to advise on a planned $5 billion hydrogen project in the NEOM high-tech business zone in Saudi Arabia, according to a Reuters report, citing sources.
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Saudi Arabia Postpones Riyadh Airport Expansion Financing after Pandemic
- January 12,2021
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- SUSTG Team
The global pandemic and its impact on travel is causing the Kingdom to delay its plans to raise financing “potentially worth billions of dollars” for the expansion of Riyadh’s airport, sources told Reuters.
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In Rare Televised Appearance, Crown Prince Mohammed bin Salman Launches ‘The Line’, a Zero-Carbon Emissions City at NEOM
- January 11,2021
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- SUSTG Team
In a rare televised appearance on Sunday, Saudi Arabia’s Crown Prince Mohammed bin Salman unveiled ambitious plans for a new carbon-free city at NEOM, in the Kingdom’s northwest along the Red Sea.
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Oil Set for Weekly Gain, Hits 11-Month High on Announced Saudi Oil Cuts
- January 8,2021
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- SUSTG Team
Oil prices hit 11-month highs and were on track for a weekly gain on Friday, boosted by Saudi Arabia’s pledge to cut output announced this week.
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Energy Minister Prince Abdulaziz bin Salman: New Saudi Cut Is ‘Commercial Choice, Not Political’
- January 7,2021
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- SUSTG Team
Saudi Arabia’s energy minister Prince Abdulaziz bin Salman called this week’s surprise oil output cut for February and March a “wonderful present” for the oil industry and will affect both domestic sales and exports, and said that the choice for a cut was commercial and not political.
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After Summit Agreement, Saudi Arabia’s Crown Prince Extends Saudi Hospitality to Visiting Qatari Emir
- January 6,2021
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- SUSTG Team
This week, Saudi Arabia and other GCC nations buried the hatchet with neighboring Qatar after a diplomatic standoff that lasted over three years. The two sides, working toward a fresh start in recent weeks, finalized the end of the feud at Tuesday’s 42nd GCC Summit in Saudi Arabia, reuniting to once again reinvigorate trade between […]
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Gulf Rift Ends after 42 Months; Qatari Emir Heads to GCC Summit as Skies, Borders Re-Open
- January 5,2021
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- SUSTG Team
Saudi Arabia and other GCC nations effectively ended their 42 month-long rift with neighboring Qatar on Monday, signaling a new era in Gulf political and economic relations and bringing to a close a long dispute begun in June 2017.
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Positive Economic Data Seen in Latest Saudi Chartbook for January 2021 – Jadwa Investment
- January 4,2021
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- SUSTG Team
A more optimistic Saudi private sector reacting to the start of the vaccine rollout in the Kingdom is is being credited for positive data seen for Saudi Arabia’s economy, Jadwa Investment says in its latest Charbook for the month of January 2021. Saudi Arabia’s non-oil PMI saw a significant monthly rise in November, the latest data available and reported […]
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Saudi-led Coalition Strikes Targets in Yemen after Aden Airport Attacked
- December 31,2020
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- SUSTG Team
Saudi-led coalition warplanes struck targets in Yemen’s Houthi-held capital Sanaa on Thursday in retaliation for attacks in the southern port city of Aden the previous day, including at the airport which killed at least 25, according to reports. The attacks at the Aden airport on Wednesday took place as officials in a government backed by […]
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MUST-READS
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RamadanSaudi Arabia announces Thursday start for Ramadan
The Islamic holy month of Ramadan will begin on Thursday (May 17) in Saudi Arabia, the land of the religion's two holiest sites, authorities said.
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Saudi FilmImax and Saudi Arabia Partner to Develop Local Films
Imax and Saudi Arabia’s General Culture Authority have signed a non-binding agreement to jointly seek opportunities to identify and develop local Imax-format films in the kingdom.
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Saudi CinemaSaudi Arabia Participates in Cannes Film Festival
In an unprecedented move, Saudi Arabia is participating in the Cannes Film Festival 2018 during its 71th edition on May 8 as part of the country’s plan to develop its cinema industry, Al-Ahram website reports.
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Saudi FootballWorld Cup just the start in Saudi Arabia’s grand plans for big development
The next two years are big for Saudi Arabian football. The national team are preparing for their first World Cup since 2006, there is the Asian Cup in January 2019 and in 2020, the Saudi Premier League will aim to be one of the top seven leagues in the world.
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BlockchainSaudi Arabia Partners With Blockchain Startups ConsenSys and Ripple
Saudi Arabia is getting friendly with U.S.-based blockchain-focused startups.
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Cloud DataSaudi Arabia starts its first public cloud data centre through the SAP
There is a good news for the citizens of Saudi Arabia as the German multinational software corporation SAP has opened the first public cloud data centre in Saudi Arabia earlier this week. And it will also assist the 2030 digital strategy for the country.
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Spy TrialSaudi court starts trial of two Arabs accused of spying for Mossad
The charges under consideration by the Specialized Criminal Court include plotting a terrorist act during the annual Muslim haj pilgrimage four years ago and supporting Islamic State militants, Al-Arabiya wrote on its website.
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BechtelBechtel: Partners in Saudi Arabia’s transformation
The CEO told Saudi Gazette that Bechtel’s history in Saudi Arabia started with a vision. More than 75 years ago, King Abdul Aziz Bin Saud imagined a country that could match — or surpass — any in the world with highways, utilities, airports and other signs of modern progress.
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Global Oil PricesCommentary: Down In Saudi Arabia, They’re Partying Like It’s 2008
Is this really 2018? It started to sound a lot like 2008 in Saudi Arabia on Friday, as the kingdom's oil minister argued that the world could tolerate a higher crude price.
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Joint Gulf Shield 1Qatari forces participate in Gulf shield drill in Saudi Arabia
According to QNA, the closing ceremony was attended by the Qatar Armed Forces' Chief of Staff, Major General Ghanem bin Shaheen al-Ghanem, at the invitation of his Saudi counterpart Lt General Fayyad bin Hamed al-Ruwayli.
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