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In Washington, Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan Discusses Regional, Global Issues
- October 16,2020
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- SUSTG Team
Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan took part in a virtual appearance yesterday with the Washington Institute for Near East Policy and discussed a range of regional and global issues following the inaugural U.S-Saudi Strategic Dialogue meetings with Secretary of State Mike Pompeo.
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U.S.-Saudi Strategic Dialogue: Pompeo Declares ‘New Era’ in the U.S.-Saudi Relationship, New Riyadh Embassy Eyed
- October 15,2020
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- SUSTG Team
The inaugural US-Saudi Strategic Dialogue that kicked off Wednesday in Washington marks a “new era” in the U.S.-Saudi relationship, Secretary of State Mike Pompeo said in comments made alongside his counterpart, Saudi Foreign Minister Prince Faisal bin Farhan, following their meeting.
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Saudi Aramco in Talks with BlackRock, Others for $10 Billion Pipeline Deal
- October 14,2020
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- SUSTG Team
Saudi Aramco is in talks with U.S.-based global investment management corporation BlackRock and other investors on a planned deal worth over $10 billion to sell a stake in its pipeline business, sources told Reuters, although the deal is still in early stages.
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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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Road to the G20: This Week’s Meetings Include Youth-Focused Y20, Finance Meetings
- October 12,2020
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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 Y20 youth-focused group, as well as finance-focused meetings.
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Virginia-Based SAIC Wins $49.5 Million U.S. Navy Contract for Royal Saudi Naval Forces
- October 9,2020
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- SUSTG Team
The U.S. Navy awarded Reston-based Science Applications International Corp. (SAIC) a $49.5 million single-award task order to continue to provide the Royal Saudi Naval Forces support services for command, control, communications, computers, and intelligence, surveillance and reconnaissance (C4ISR) upgrade and refurbishment, a press release issued by the company confirms.
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Road to the G20: Saudi Arabia Hosts Space Economy Leader Meeting
- October 8,2020
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- SUSTG Team
Saudi Arabia’s Space Commission organized 2020′s first meeting of space agency leaders that belong to G20 countries, as part of its chairmanship of the G20 this year.
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Saudi Arabia Bids to Host 2030 Asian Games in Riyadh
- October 7,2020
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- SUSTG Team
Saudi Arabia’s sports minister Prince Abdulaziz bin Turki Al-Faisal on Sunday launched the Kingdom’s official campaign to help secure enough votes from members of the Olympic Council of Asia (OCA) to host the 21st Asian Games in 2030, according to reports.
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Road to the G20: This Week’s Events Include Civil Society (C20), Tourism Meetings
- October 5,2020
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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 virtual meetings on Civil Society (C20), as well as meetings on tourism and a workshop on sustainable mobility.
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Inflation, Unemployment Tick Up as Kingdom Seeks Path to Recovery for Economy – Report
- October 1,2020
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- SUSTG Team
Saudi Arabia saw an increase in unemployment and an uptick in inflation in recent months as the Kingdom seeks a pathway toward economic recovery following a period of low oil prices and the global Coronavirus pandemic, according to the most recent chartbook from Jadwa Investment.
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MUST-READS
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‘Lockheed Martin’: Saudi Arabia Provides Ideal Opportunities for Manufacturing Parts of Our Military Products
International Business Vice President at Lockheed Martin Ray Piselli has said that Saudi Arabia provides ideal opportunities for manufacturing parts of Lockheed Martin’s products, pointing out that the corporation is working with Riyadh to make the Kingdom a world-class producer of military equipment.
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Unesco strikes partnership deal with Saudi agency to develop AlUla region’s rich heritage
The agreement covers two programmes, the first steps in a long-term strategy. Saudi Arabia will implement a two-year partnership under Unesco’s Memory of the World Programme, promoting written heritage in the Arab world and the country, which is rich with petroglyphs representing people and animals. The Saudis will also provide support for five eight-month fellowships for young archaeologists, starting in March 2022.
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Saudi Arabia allows quarterly renewal of residency permits for foreign workers
Expatriates in Saudi Arabia can now renew their residency permit (iqama) on a quarter-of-a-year basis and save a digital copy of the iqama on their smartphones. These services available on Absher Afrad (Individual) platform are among a series of electronic services, mainly related to the General Directorate of Passports (Jawazat) and the Traffic Directorate, launched by Minister of Interior Prince Abdul Aziz Bin Saud Bin Naif on Wednesday.
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Saudization of private sector jobs rose to 23.6% in third quarter
The National Labor Observatory (NLO) has revealed that the Saudization percentage in the private sector during the third quarter of 2021 increased to 23.59%, up by 0.96% compared to the previous quarter, it was reported on Thursday. The number of Saudi workers during the same period went up to around 60,000 employees, added the report.
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Saudi Budget Sees First Quarterly Surplus Since 2019 on High Oil
Saudi Arabia recorded its first quarterly budget surplus in more than two years as higher crude prices boosted the kingdom’s finances. The Gulf nation’s surplus during the third quarter was about 6.7 billion riyals ($1.8 billion), trimming the year-to-date deficit to 5.4 billion riyals, according to a report published by the Ministry of Finance on Sunday. Oil revenue was about 148 billion riyals, an increase of 60% from the same period last year, while non-oil income decreased 22% on an annual basis to 95 billion riyals.
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Saudi Arabia licenses 44 companies to open regional headquarters in Riyadh
Saudi Arabia said on Wednesday it had licensed 44 international companies to set up regional headquarters in the capital Riyadh under the kingdom's push to become a regional commercial hub and vie for foreign capital and talent. Among the 44 companies are multinationals in sectors including technology, food and beverages, consulting and construction including Unilever, Baker Hughes and Siemens, a press release said.
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China’s BRI and Saudi Vision 2030: A Review to Partnership for Sustainability
This study reviews the comprehensive strategic partnership between Saudi Arabia and China and the interconnection between China’s Belt and Road Initiative (BRI) and Saudi Vision 2030. These connections have significantly improved cooperation in trade, investment, energy and new technology development over the last seven years. Saudi Arabia can further its cooperation with China on the circular carbon economy (CCE) through both bilateral and multilateral frameworks.
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Saudi Arabia to Start Investment Fund for Carbon Capture
The kingdom will establish a fund to improve carbon sequestration and back a plan to feed hundreds of millions of people by providing them clean cooking fuels, Prince Mohammed said. The two initiatives will cost 39 billion riyals ($10.4 billion) and Saudi Arabia will contribute 15%.
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Saudi push on company headquarters showing success, says official
Saudi Arabia's push for firms to set up regional headquarters in Riyadh is proving successful and is not aimed at dismantling corporate operations elsewhere, a senior Saudi official said. The world's top oil exporter and largest Arab economy has given foreign firms until the end of 2023 to set up headquarters or risk losing out on government contracts as it competes for foreign capital and talent. Fahd al-Rasheed, president of the Royal Commission for Riyadh City, told Reuters there has been "a lot of success" in attracting multinationals and that details would be announced at Saudi's flagship investment forum FII which starts on Tuesday.
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Saudi Arabia to Start Electric-Vehicle Push in Capital Riyadh
The target, announced on Saturday at the start of a Saudi climate conference, is part of a plan to halve carbon emissions in the city of 8 million people over the next nine years, said Fahd Al-Rasheed, president of the Royal Commission for Riyadh City.
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