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With Pandemic Waning, Saudi Arabia Set to Resume Tourism Ambitions
- May 27,2021
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- SUSTG Team
Saudi Arabia plans to resume tourist visas “very soon” after suspending them months ago because of the coronavirus, a Saudi official told Bloomberg, as the Kingdom looks to resume its drive to attract tourists to visit historical sites and new attractions.
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With PIF Backing, Saudi Ports Behemoth Red Sea Gateway Terminal Looks for Big Investments Abroad
- May 26,2021
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- SUSTG Team
The operator of Saudi Arabia’s Red Sea Gateway Terminal (RGST) is looking to invest in ports in Africa and the Middle East, following backing from the Kingdom’s sovereign wealth fund (PIF), Bloomberg reports.
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Saudi Arabia Eyes $55 billion by 2025 Through Privatization Program, Al Jadaan Says
- May 25,2021
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- SUSTG Team
Saudi Arabia hopes to raise about $55 billion over the next four years with a revitalized privatization program, the country’s finance minister Mohammed Al-Jadaan told the London-based Financial Times in an interview published over the weekend.
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Saudi Arabia Issues International Travel Guidelines for Vaccinated Residents, Ramps Up Vaccination Drive
- May 24,2021
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- SUSTG Team
Saudi Arabia released new guidelines for resident travelers who are vaccinated, allowing them to travel abroad and return if they do not enter or pass through certain countries.
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U.S. Blasts Houthi Leadership, Sanctions Two Top Commanders as Peace Talks Stall – Report
- May 21,2021
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- SUSTG Team
The Biden Administration announced new sanctions on two Houthi military officials, the U.S. Treasury Department said, taking action over the Iran-aligned movement’s offensive to seize Yemen’s gas-rich Marib region and lack of real commitment to finding a peaceful solution to the end of the war there.
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Saudis Surge Investments into U.S. Stock Market in Q1 2021 as Overseas Inflows Reach Record Highs
- May 20,2021
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- SUSTG Team
The total amount invested by Saudi traders in the U.S. stock market through companies licensed by the Capital Market Authority (CMA) surged 162 percent, year-on-year, to SR77.4 billion ($20.64 billion) in the first quarter, Zawya reports, citing data compiled by financial website Argaam.
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Saudi FM Faisal bin Farhan Acknowledges ‘Exploratory Talks’ with Iran; Kingdom is ‘Hopeful’
- May 19,2021
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- SUSTG Team
Saudi Arabia’s Foreign Minister HRH Prince Faisal bin Farhan acknowledged in an interview with the AFP that the Kingdom has held “exploratory talks” with regional rival Iran, and said that Saudi Arabia is “hopeful” that the talks in their early stages will lead to diplomatic progress.
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Saudi Arabia’s Ultra-Lux Amaala Resort May Raise Up to $2.7 Billion Next Year
- May 18,2021
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- SUSTG Team
Saudi Arabia’s ultra-luxury Amaala tourism project may raise up to 10 billion riyals ($2.7 billion) in 2022, the CEO of the company, John Pagano said in an interview on the sidelines of Arabian Travel Market in Dubai.
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Saudi Arabia Opens Up International Travel; Saudis Rejoice
- May 17,2021
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- SUSTG Team
Vaccinated Saudis will be allowed to leave the kingdom for the first time in more than a year on Monday as the country eases a ban on international travel, according to reports. The Ministry of Interior announced it will open land, sea, and air borders, allowing Saudi citizens to travel outside of the Kingdom beginning May […]
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As Construction Activity Picks Up, Prices of Building Materials in Saudi Arabia Soars
- May 14,2021
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- SUSTG Team
Prices of key construction materials in Q1 in Saudi Arabia soared to the highest prices in 12 years, with steel leading the increase as construction activity began to recover from the slowdown caused by the coronavirus disease pandemic last year.
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MUST-READS
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Inflation in Saudi ArabiaSAMA predicts stable inflation in Q1 in Saudi Arabia
The general level of prices is expected to be relatively stable in Saudi Arabia during the first quarter of 2015, according to Saudi Arabian Monetary Agency (SAMA).
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Raif BadawiConvicted Saudi blogger to be re-tried: report
Saudi Arabia’s top court has decided to re-try a local man convicted of insulting Islam following growing criticism by international organisations and some governments.
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Israel-PalestineHead of U.N. inquiry into Gaza conflict to quit over Israeli bias claim
Schabas' departure highlights the sensitivity of the U.N. investigation just weeks after prosecutors at the International Criminal Court in The Hague said they had started a preliminary inquiry into alleged atrocities in the Palestinian territories.
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Anti-ISIS CoalitionIslamic State conflict: London hosts coalition talks
Foreign ministers from 21 countries are meeting in London to discuss ways to co-ordinate their efforts to combat the jihadist group Islamic State (IS).
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Saudi Government SpendingCiti analyst predicts Saudi Arabia will cut state spending after oil price fall
But given the threat from falling oil prices, Mr Soussa said the government needed to broaden its revenue base, via means such as more taxation, rationalisation of social spending and wages, as well as transferring the onus of economic growth on to the private sector.
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ICTSaudi firms to spend $37B on ICT in 2015
Spending on ICT products and services in Saudi Arabia will increase 4.6% year-on-year in 2015 to total $36.95 billion, according to IDC.
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Assassination Plot TrialHow a plot to kill Saudi ambassador Adel Al-Jubeir goes from fiction to fact
The plot seemed absurd, at first.
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Kurds and DaeshIslamic State: Kurds ‘seize key Kobane district’
Kurdish fighters battling Islamic State (IS) in Kobane, northern Syria, have seized a key district and now control 80% of the town, activists say. Kurds backed by Iraqi Peshmerga forces captured the security district including the police HQ, the Syrian Observatory for Human Rights said. IS advanced on the town in September and quickly overran much of it.
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Iran in IraqDeaths in Iraq show two sides of Iran’s role in sectarian conflict
While Taqavi’s funeral illustrated the clear official Iranian commitment to its armed forces, the murkier dimensions of Tehran’s growing role in the brutal sectarian conflict engulfing Iraq and Syria were highlighted by the death of Wathiq al-Battat, an Iraqi militant with long links to Iran and leader of one of Iraq’s several Shia militias.
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QatarQatar Scales Back Role in Middle East Conflicts
This tiny emirate made plenty of foes in recent years by intervening in an array of regional conflicts. Now, faced with some hefty political costs, it is moderating its big-power ambitions.
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