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Saudi Arabia’s MoFA Issues Statement Condemning Terrorist Attack in Nice, France
- October 29,2020
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- SUSTG Team
Saudi Arabia’s Ministry of Foreign Affairs issued a statement strongly condemning the terrorist attack that occurred near the Notre Dame church in Nice, France, where three people were killed in a knife attack Thursday morning.
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Saudi Arabia Plans $2 billion Boost for Space Program by 2030
- October 28,2020
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- SUSTG Team
Saudi Arabia is planning an 8 billion riyals ($2.1 billion) boost for its space program, The Saudi Space Commission (SSC), by 2030 under an economic diversification plan that aims to attract foreign investment and create thousands of jobs for young Saudis, Reuters reports.
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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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Road to the G20: Two-Day Virtual B20 Begins Today
- October 26,2020
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- SUSTG Team
SUSTG is covering the events and meetings taking place in the run up to the G20 in November as part of our “Road to the G20” series of posts and featured items. This week, Saudi Arabia will host the B20 business-focused group, as well as the T20 meetings later this week.
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Strict Countermeasures Continue to Pay Off as Saudi Arabia’s Covid Deaths Hit New Lows
- October 23,2020
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- SUSTG Team
Strict rules and regulations in place and an elevated social awareness of the danger of the coronavirus continues to pay dividends in stopping the spread of the virus in Saudi Arabia, data confirms. Saudi Arabia on Friday recorded just 383 new coronavirus cases and 14 deaths, representing some of the lowest figures seen in the Kingdom since […]
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Saudi Arabia Launches National Strategy for Data and Artificial Intelligence at Global AI Summit
- October 21,2020
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- SUSTG Team
Saudi Arabia on Wednesday launched a National Strategy for Data and Artificial Intelligence (AI) and will announce several AI-related partnerships, Reuters reports, citing Abdullah bin Sharaf Alghamdi, the head of the Saudi Data and Artificial Intelligence Authority (SDAIA).
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IMF Sees Contraction in 2021 for Middle East Economies, With Oil Prices in $40-$50 Range
- October 20,2020
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- SUSTG Team
The International Monetary Fund (IMF) downgraded its outlook for Middle East and Central Asian economic recovery, predicting a 4.1% contraction for the region as a whole, according to latest data released by the international organization.
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G20 Saudi Secretariat Announces Digital Summit to Discuss Inclusive Growth in Aftermath of Covid-19
- October 20,2020
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- SUSTG Team
The G20 Saudi Secretariat as part of the International Conference program announces a four-day digital event series to explore how businesses, governments, and citizens can drive opportunities for inclusive growth through regulation, new technologies, and long-term strategic approaches in the aftermath of the Covid-19 pandemic.
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Saudi Aramco, SABIC ‘Reassess’ $20b Crude-Oil-To-Chemicals Project — Reports
- October 19,2020
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- SUSTG Team
Saudi Aramco and Saudi Basic Industries Corporation (SABIC) have decided to re-evaluate their $20 billion crude-oil-to-chemicals project and are now looking at integrating existing facilities instead, in a move to save costs in the face of lower oil prices, according to Reuters.
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MUST-READS
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Ericsson inks partnership to boost 5G, 6G research in Saudi Arabia
Ericsson and KAUST will utilize machine learning (ML) for frequency-selective wireless channels, with the aim of using deep learning to solve channel estimation and resource allocation problems for massive multiple-input multiple-output (MIMO) systems. Moreover, Ericsson and KAUST will look into transparent and flexible intelligent surfaces for 5G and beyond enhanced communication, as future communication networks will have more emphasis on high data rates, low latency, and high security,
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Hail and rain batter parts of Saudi Arabia
People took to social media to rejoice and welcome the winter weather, sharing pictures and videos of hail and rain in the desert. People parked by the side of the road to enjoy the rain and collect raindrops and hail in their hands.
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Aramex launches online shipping platform tailored to Saudi startups
UAE-based logistics and delivery provider Aramex has launched a new shipping platform that enables Saudi-based startups to send products to domestic or international destinations without having a registered profile or a permanent Aramex account.
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Senators make bipartisan push to block $650M weapons sale to Saudis
Sens. Rand Paul (R-Ky.), Mike Lee (R-Utah) and Bernie Sanders (I-Vt.) introduced a joint resolution disapproving of the proposed arms sale to the Middle Eastern country, pointing to its role in Yemen’s civil war. The joint resolution seeks to block the sale of items and services including 280 air-to-air missiles, 596 LAU-128 Missile Rail Launchers, containers, support equipment, spare and repair parts and logistical support services.
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Ericsson and KAUST announce R&D partnership to develop 5G and 6G technologies in Saudi Arabia
Ericsson (NASDAQ:ERIC) and King Abdullah University of Science & Technology (KAUST) have announced an initial three-year research and development (R&D) partnership focused on three research projects aimed at advancing telecommunication networks with cutting edge technologies. The partnership aims to understand the key features and requirements of next-generation communication systems.
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Kissflow partners with four Saudi IT companies to boost cloud
The recent Saudi Arabia CIO Survey by IDC has found that more than 25% of enterprises in Saudi Arabia have plans to deploy cloud infrastructure. Recognising this market demand, through 2021, Kissflow has established itself as a key enabler of cloud and digital transformation for Saudi enterprises with its market-leading No-code citizen developer platform.
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GACA Saudi Arabia to participate in Dubai Airshow 2021
Several entities will participate in the GACA’s pavilion, including the Saudi Academy of Civil Aviation (SACA), the Saudi Civil Aviation Holding Company represented by Riyadh and Dammam Airports Company, Saudi Arabian Airlines, Altanfeethi Company, Saudi Air Navigation Services Company, Prince Sultan Academy of Aviation Sciences, Saudi Airlines Catering Company, Saudi Airlines Real Estate Development Company, Flynas, and Flyadeal.
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Anthony Mackie, Aiysha Hart to Lead Saudi-Backed ‘Desert Warrior’
Desert Warrior is set in the early seventh century, when Arabia was made up of rival, feuding tribes, disunited and forever at each other’s throats. Emperor Kisra (Kingsley) has a fearsome reputation for being utterly ruthless. But when the Arabian Princess Hind (Hart) refuses to become Kisra’s concubine, the stage is set for an epic confrontation. It is a battle that, by its conclusion, will have changed the region forever and echo throughout history.
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Saudi PIF nearly triples U.S. stock holdings; adds Walmart, Pinterest
"The Q3 figure is indeed significantly larger than Q2, but most of the increase is due to Lucid Motors' IPO in July," said Diego Lopez, managing director at Global SWF, an industry data specialist.
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StanChart executes $250 mln ESG-based repo deal with Saudi National Bank
Standard Chartered Bank (STAN.L) said on Monday it has executed a $250 million repurchase agreement transaction (Repo) based on ESG principles with the Saudi National Bank. The transaction is the first in the Middle East, North Africa and Pakistan region, and among the first globally, where repo financing proceeds are allocated towards ESG assets, it said in a statement.
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