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Death Toll Climbs from Beirut Explosion as Saudi, UAE Express Condolences, Solidarity with Lebanese People
- August 5,2020
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- SUSTG Team
The death toll from the massive explosion that rocked Beirut, Lebanon yesterday continues to climb as Saudi Arabia and the UAE pledge solidarity and support to the Lebanese people.
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New Mahd Sports Academy in Riyadh will Focus on Discovering and Developing the Kingdom’s Next Sports Talents
- July 29,2020
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- SUSTG Team
Saudi Arabian sports officials on Monday unveiled in Riyadh a new project to discover and nurture young sports talent in the Kingdom, according to reports.
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Saudi Arabia’s Stock Market to Launch ‘Saudi Futures 30’ on August 30th
- July 15,2020
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- SUSTG Team
Saudi Arbaia’s Stock Exchange (Tadawul) announced that it will launch an exchange-traded derivatives product, the Saudi Futures 30 (SF30), on August 30th in a bid to attract investment interest into the Kingdom, according to reports.
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Before the Pandemic, Saudi Arabia’s Tourism Sector Showed Encouraging Rates of Growth
- July 9,2020
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- SUSTG Team
Before the global pandemic and resulting economic slowdown, Saudi Arabia registered significant growth in one of its key industries of focus in 2019 as the Kingdom looks to diversify its economy away from oil, an encouraging sign of progress that could be resumed when Coronavirus fears wane. Inbound tourism in Saudi Arabia was up a […]
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Saudi Arabia’s Central Bank Governor Sees ‘Light at the End of the Tunnel’ for Saudi Economy
- July 6,2020
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- SUSTG Team
Saudi Arabia’s central bank governor said it’s “too early” to tell if the Kingdom’s economy will bounce back with a V-shaped recovery as the government loosens coronavirus-related restrictions, according to a Bloomberg report.
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Saudi Arabia Announces ‘Limited’ 2020 Hajj to Prevent Coronavirus Spread
- June 23,2020
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- SUSTG Team
Saudi Arabia’s leaders said Monday the Kingdom will still allow for a “limited” Hajj which is open only to a small number of pilgrims who are already based in Saudi Arabia as they seek to stop the spread of the novel Coronavirus, according to reports.
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Saudi Industrial Development Fund Launches Near $1 billion Stimulus Package for Saudi Private Sector for Coronavirus Aid
- June 17,2020
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- SUSTG Team
The Saudi Industrial Development Fund (SIDF) said on Tuesday it launched initiatives totaling 3.7 billion riyals ($986.40 million) to support private sector industrial enterprises impacted by the coronavirus pandemic, Reuters reports.
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Saudi Embassy Issues Statement on Investigation Findings of the December 6th Pensacola Naval Air Station Attack
- May 19,2020
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- SUSTG Team
The Saudi embassy in Washington, D.C. issued a statement following yesterday’s release of findings by the Justice Department and the FBI, in which Attorney General William P. Barr and FBI Director Christopher Wray announced “significant developments” in the FBI’s investigation of the December 6, 2019 shooting at Naval Air Station Pensacola that killed three U.S. sailors and […]
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Report: Saudi Binladin Seeks Advisor for Financial Overhaul of Mecca Complex
- May 14,2020
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- SUSTG Team
The construction giant behind the Mecca skyscraper complex is seeking an advisor to cut costs as well as restructure the debt of the iconic project, sources familiar with the matter said and a document obtained by Reuters exclusively showed.
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Saudi Arabia’s SABIC Closes Deal to Establish JV to Build One of the World’s Biggest Utility-Scale Battery Factories
- May 7,2020
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- SUSTG Team
Saudi Arabia’s SABIC has established a joint venture company to build one of the world’s biggest utility-scale battery factories as global investment in the sector heats up, according to a report in Arab News.
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MUST-READS
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U.S. Announces Seizure Of Iranian Weapons It Says Were En Route To Yemen
The United States says it has seized a variety of missiles that the Islamic Revolutionary Guards Corps' (IRGC) Quds Force shipped to Yemen and announced the sale of Iranian oil it seized in August before it reached Venezuela, saying the proceeds will benefit victims of terrorism. The U.S. Justice Department announced the actions on October 29, saying the missiles were seized after two U.S. warships interdicted two "flagless vessels" in separate routine security operations in November 2019 and February 2020 in the Arabian Sea.
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Trump administration sets record low limit for new U.S. refugees
The Trump administration has slashed the number of refugees it will allow to resettle in the United States in the coming year, capping the number at 15,000, a record low in the history of the country’s modern refugee program.
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Exclusive: ‘Dumb mistake’ exposed Iranian hand behind fake Proud Boys U.S. election emails – sources
The video showed the hackers’ computer screen as they typed in commands and pretended to hack a voter registration system. Investigators noticed snippets of revealing computer code, including file paths, file names and an internet protocol (IP) address.
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Israel won’t oppose U.S. sale of F-35 to UAE
Gantz reached agreements in Washington this week with U.S. Defense Secretary Mark Esper that he and Netanyahu, in a joint statement, said would significantly upgrade Israel's military capabilities. "Since the U.S. is upgrading Israel's military capability and is maintaining Israel's qualitative military edge, Israel will not oppose the sale of these systems to the UAE," they said. The Israeli statement did not mention the F-35 explicitly.
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Saudi Deal With Huawei for Arabic-Specific AI Risks U.S. Ire
The Huawei agreement could potentially put the kingdom under pressure from U.S. officials, who argue the company is a threat to security for the fifth-generation, or 5G, wireless systems beginning to be deployed around the world. Altuwaijri said the Saudi accord is unrelated to 5G and focuses solely on artificial intelligence.
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Commentary: Honeymoon over? Saudi Arabia-U.S. ties face reset with Biden win
Saudi Arabia’s crown prince enjoyed a near free pass under his personal relationship with U.S. President Donald Trump, but the kingdom’s brazen young leader will have to tread more carefully should Democrats take the White House and reset strategic ties.
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U.S., UAE, Israel to Form Joint $3 Billion Fund in Jerusalem
The venture will focus on areas including infrastructure, energy security, agricultural productivity and clean water access, according to a statement from the U.S. Embassy in Israel. The statement added the venture would mobilize “private sector-led investment.”
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Opinion: Shutting the U.S. Embassy in Baghdad Would Be Counterproductive
The Kadhimi government is the most reasonable and forthcoming one the U.S. has dealt with in Iraq since the 2003 invasion. The prime minister, more than his predecessors, is making a real effort to weaken the pro-Iranian militias. His efforts are being undermined by the threat to close the embassy, which has been received as a victory by these militia groups and their Iranian patrons. The propaganda message is predictable: The U.S. is running away, leaving its Iraqi allies in the lurch.
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Taliban to ‘reset’ commitments under agreement with Washington to bring down violence: U.S. special envoy
The U.S. special envoy to Afghanistan said on Thursday he had struck an agreement with the insurgent Taliban to “re-set” their commitments under a troop withdrawal deal and reduce the number of casualties in the country, which has seen heavy fighting in southern Helmand province.
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U.S., Saudi FMs meet for strategic dialogue event
"The United States is preparing to acquire a 26-acre site for a new U.S. Embassy in Riyadh," Pompeo said in a prepared statement. "This project, along with the recent opening of a new consulate in Jeddah and the ongoing construction of a new consultant in Dhahran, represents a U.S. investment of over $1 billion."
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