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As Saudi Non-Oil Revenue Soars, Uncertainty Looms Over Oil Market
- October 30,2020
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- SUSTG Team
Saudi Arabia saw a significant boost in non-oil revenue in the third quarter of this year, with an increase of 63% year-on-year to SR123 billion ($32.8 billion), new data shows, an encouraging trend for policymakers as the market for oil continues on an uncertain path in the face of a global pandemic and global economic slowdown.
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Images: Architect Jean Nouvel Reveals Design for Sharaan Resort in Al-Ula, Saudi Arabia
- October 28,2020
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- SUSTG Team
French architect Jean Nouvel unveiled his design for Sharaan, a new resort hidden within the rock dwellings of Al-Ula, a cultural oasis in north-west Saudi Arabia.
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Top Names in Golf Commit to Saudi International Tournament in February
- October 27,2020
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- SUSTG Team
Saudi Arabia’s annual golf tournament secured two of the sports top names to compete in February, winning commitments from the world’s top-ranked golfer and the latest major championship winner on Monday to play in the Saudi International. Dustin Johnson, the world’s number one golfer, and Bryson DeChambeau, who won the U.S. Open by six strokes in […]
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Arab News Launches ‘Research and Studies’ Unit to Deliver ‘Thought-Provoking Studies by Experts on Regional Affairs’
- October 13,2020
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- SUSTG Team
Arab News, Saudi Arabia’s leading English-language daily news publication, has announced the establishment of a new Research and Studies Unit (RSU) which will “deliver thought-provoking studies written by a team of acclaimed resident and non-resident experts on a number of regional affairs,” according to a press release from the company.
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U.S. Again Tops Arms Exporters to the Middle East, Saudi Arabia, Report Says
- September 25,2020
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- SUSTG Team
A newly released report by the Center for International Policy finds the U.S. dominated arms and defense exports to the Middle East region between 2015-2019, accounting for nearly half of all deliveries of major weapons systems.
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G20 Trade and Investment Ministers Meet as Kingdom Reportedly Suggests Delay Main Summit until December
- September 22,2020
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- SUSTG Team
Trade and Investment Ministers from the G20 held a meeting today under the Saudi G20 Presidency to strengthen trade and investment policy cooperation towards an inclusive and sustainable economic growth amid the COVID-19 pandemic.
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Saudi Arabia’s Oil Exports to the U.S. Hit 35-Year Lows as Goldman Sees Oil at $65 Next Year
- September 2,2020
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- SUSTG Team
Saudi Arabia’s oil exports to the United States fell nearly 50% year-on-year in August 2020, reaching a 35-year low in oil imported from the Kingdom, according to CNN which cited info from ClipperData.
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Brent Oil Reaches 5 Month High as Saudi Aramco Announces Discovery of Two New Oil and Gas Fields
- August 31,2020
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- SUSTG Team
The price of oil on the UK’s Brent Oil index reached a 5-month high on Monday as supply output cuts continue to push the price of oil higher, according to reports.
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PIF Sets Up New Real Estate Subsidiary to Help Meet Increasing Local Demand for Housing
- August 20,2020
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) said it had set up a new real estate subsidiary, called “Roshn,” to help meet increasing local demand for housing, according to reports.
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Saudi Mega-city NEOM Signs Agreement with US-based Bechtel for Executive Project Management Work
- August 12,2020
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- SUSTG Team
Saudi Arabia’s futuristic mega-city NEOM has awarded a contract to U.S.-based Bechtel for executive project management work on the development of the primary, base infrastructure for NEOM, according to a press release issued by NEOM.
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TurkeyTurkey widens post-coup purge, demands Washington hand over cleric
Turkey purged its police on Monday after rounding up thousands of soldiers in the wake of a failed military coup, and said it could reconsider its friendship with the United States unless Washington hands over a cleric Ankara blames for the putsch.
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Turkey-IsraelIsrael-Turkey: Where to from Now?
Analysis of the deal has been skeptical; rapprochement does not change the underlying fact that Turkey continues to support Hamas, an organization committed to Israel’s destruction.
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TurkeyDouble game? Even as it battles ISIS, Turkey gives other extremists shelter
Even as Turkey ramps up its campaign against the Islamic State, it continues to tolerate and even protect other Islamists designated by Western governments as terrorists.
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TurkeyTurkey’s Erdogan calls on NATO to do more on fighting militant attacks
Turkish President Tayyip Erdogan called on NATO to do more to fight the threat of global terrorism, saying the 28-nation alliance needed to "update" itself to better adapt to new security threats.
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TurkeyIslamic State Pressured After Turkey Tightens Jihadi Highway
Along the border near the southern Turkish city of Gaziantep, a wall of giant concrete blocks is going up as Turkey tries to seal off a region that for years was a jihadi highway through which thousands of extremist fighters flowed to join the Islamic State group in neighboring Syria.
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Istanbul Airport AttackTurkey jails 17 over Istanbul attack, blames ex-Soviet members of IS
Turkey jailed 17 suspects on Tuesday, mostly foreigners, over last week's suicide bombing at Istanbul's main airport, which President Tayyip Erdogan described as the work of Islamic State militants from the ex-Soviet Union.
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Anti-ISIS CampaignThe war next door: Syria and the erosion of stability in Jordan, Lebanon, and Turkey
Lebanon, Jordan and Turkey have so far been surprisingly resilient to the spillover from Syria’s civil war, in terms of refugees, terror, and domestic divisions. But now the region’s fragile stability is hanging by a thread – with Turkey the most precarious of all.
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Istanbul Airport AttackTurkey Foils Foreign Fighter ISIS Cell in Istanbul After Airport Attack
Turkish police arrested 11 foreign nationals who are suspected of participating in an Islamic State militant group (ISIS) cell in Istanbul just days after three suicide bombers struck the city’s international airport, killing 44 people.
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Turkey Airport AttackTurkey airport attack: 2 Saudis among 42 dead
two Saudis were among the 42 killed in Tuesday's suicide bombings in Istanbul's Ataturk Airport, the Saudi Embassy in Turkey said late on Wednesday, correcting earlier figures.
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TurkeyTurkey will not compensate Russia over shooting down of jet
Turkey will not pay compensation to Russia over the downing of a fighter jet last year and has only expressed regret over the incident, prime minister Binali Yildirim has said, after president Recep Tayyip Erdoğan offered a conciliatory hand to Moscow over the incident that shattered ties between the two countries.
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