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Recent stories from sustg
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Latest Data: Improvements in Saudi Arabia’s Labor Market in Line with Pick-up in Overall Economic Activity
- February 3,2021
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- SUSTG Team
Unemployment in Saudi Arabia declined to 14.9 percent in Q3 2020, the latest date for which such data are available, down from 15.4 percent in Q2 2020, a recent report from the Riyadh-based Jadwa Investment finds, citing figures from the official General Authority for Statistics.
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List of World’s Top Golfers Competing at Third Saudi International Grows as Kevin Na Commits
- January 21,2021
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- SUSTG Team
The field of competitors for next month’s Saudi International powered by Softbank Investment Advisers is growing as another top golfer in the world has joined some of the sports biggest names confirmed to compete in Saudi Arabia. Five-time PGA Tour winner Kevin Na, who won the PGA Tour’s Sony Open in Hawaii on Sunday, is […]
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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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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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Saudi Arabia’s PIF Makes Two Moves in Security, Defense Space
- December 29,2020
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) and its defense subsidiary SAMI announced separate moves in the defense and security space this week, according to reports. The PIF said Tuesday it had established a company to develop and expand the private security sector in the Kingdom, creating the National Security Services Co. (SAFE). SAFE will focus on […]
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Saudi Arabia’s Tourism Minister: Kingdom Needs to Inject $200 Billion into Industry — Report
- December 22,2020
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- SUSTG Team
Saudi Arabia’s tourism minister Ahmed Al-Khateeb dismissed naysayers of the Kingdom’s ambitious tourism plans, telling Arab News‘ Frank Kane in an exclusive interview that the Kingdom’s target of obtaining 100 million visits by 2030 is not overambitious with big investments in the industry.
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Houston-Based Baker Hughes, Saudi Aramco to Develop Oil, Gas Products Using Nonmetallic Resources
- December 9,2020
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- SUSTG Team
Saudi Aramco and Houston-based Baker Hughes have announced the formation of Novel, a 50/50 Joint Venture (JV) to develop and commercialize a broad range of non-metallic products for multiple applications in the energy sector, the companies said in a press release.
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Saudi Economy More Resilient than Expected in Q2, Q3 2020; Recovery Possible Next Year – Jadwa Investment
- November 27,2020
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- SUSTG Team
Saudi Arabia’s economy proved to be more resilient than expectations in the face of dual crises of the Coronavirus pandemic and a drop in oil prices in 2020, Jadwa Investment writes in an economic update.
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Road to the G20: Saudi Arabia Set to Host Main Leaders’ Summit this Weekend
- November 19,2020
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- SUSTG Team
Saudi Arabia is set to host the G20 Leaders Summit this weekend, the main event involving the heads of the 20 nations chaired virtually by the Kingdom due to the Coronavirus pandemic.
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Saudi Economy Contracts 4.2% in 3Q, Improves from 2Q; Fitch Affirms Credit Rating at ‘A’
- November 10,2020
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- SUSTG Team
Saudi Arabia’s economy shrank 4.2% in the third quarter from a year earlier, government data showed on Tuesday, but the contraction was smaller than the second quarter when the economy was reeling from coronavirus-linked lockdowns, Reuters reports. The economy expanded by 1.2% on a seasonally-adjusted quarter-on-quarter basis in the third quarter from a contraction of 4.9% […]
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MUST-READS
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TurkeyIn Turkey, a criminal complaint targets two senior U.S. generals
A Turkish lawyer has filed a criminal complaint against two top U.S. generals, accusing them of involvement in the July 15 coup attempt by members of the Turkish military.
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TurkeyDecree by Turkey’s Erdogan brings military more under govt
Turkish President Recep Tayyip Erdogan issued a new presidential decree Sunday that introduced sweeping changes to Turkey’s military in the wake of a July 15 failed coup, bringing the armed forces further under civilian authority.
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TurkeyWith Army in Disarray, a Pillar of Modern Turkey Lies Broken
The plotters hoped to secure General Akar’s participation in the conspiracy, but his refusal was decisive in ensuring this coup attempt would fail — unlike those in Turkey in 1960, 1971 and 1980, which were supported up and down the chain of command.
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Failed Turkey Coup AttemptTwo high-ranking generals resign in Turkey
Resignations, on eve of Supreme Military Council meeting, in protest against mass dismissals in wake of failed coup bid.
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TurkeyTurkey in no position to become EU member any time soon: Juncker
Turkey is in no position to become a European Union member any time soon and all negotiations for it to join will stop immediately if it reintroduces the death penalty, EU Commission President Jean-Claude Juncker said on Monday.
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TurkeyPost-Coup Purge Adds to Turkey’s Instability
Only a few days after the coup failed, the grim reality has already set in. The fact that the coup has been averted does not mean that democracy will prevail.
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TurkeyTurkey’s Erdogan announces three-month state of emergency
Turkish President Tayyip Erdogan on Wednesday announced a three-month state of emergency, saying this would enable the authorities to take swift and effective action against those responsible for last weekend's failed military coup.
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Turkey Coup AttemptTweeting Turkey, or how social media may have fundamentally changed the future of coups
On Friday, I received an alert on my phone that a coup attempt was underway in Turkey. Rather than turn on the TV — or even open the app of the newspaper that sent me the alert — I went directly to Twitter.
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TurkeyTurkey Says It Has Sent ‘Dossiers’ To U.S. For Gulen Extradition
urkey’s prime minister says Ankara has sent dossiers to the United States for the extradition of a U.S.-based cleric, Fethullah Gulen, over his alleged links to the July 15 failed coup attempt.
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TurkeyPerspective: In Coup’s Aftermath, New Rifts Between U.S. and Turkey
The United States has long wanted Erdogan to do more to fight the Islamic State and moderate his increasingly authoritarian tendencies, but the coup attempt seems likely to push Erdogan in the opposite direction.
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