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Recent stories from sustg

  • Biden’s Oil Boom
     

    Reuters reports that during the Biden administration not only has oil production hit record highs but energy company profits, dividends, drilling permits, jobs and energy exports are all up.

     
  • PIF Increases Investment in Lucid
     

    Ayar Third Investment Company, a PIF affiliate, will buy $1 billion in convertible preferred stock and will be able to convert the preferred stock into about 280 million shares, according to a regulatory filing with the U.S. securities regulator.

     
  • Saudi Arabia to join Miss Universe for the first time
     

    27-year-old model, influencer, and beauty pageant veteran Rumy AlQahtani announced on Instagram that she will be representing Saudi Arabia in 72nd Miss Universe contest in Mexico later this year.

     
  • Hyundai and Red Sea Global Agree to Test EVs and Air Mobility Systems
     

    Hyundai Motor Group said on Monday it has agreed with Saudi Arabia’s state-sponsored developer Red Sea Global (RSG) to cooperate in the Middle Eastern country’s push for electrification and other eco-friendly future mobility projects.

     
  • Saudi Film Commission Reports Impressive 2023 Growth Statistics
     

    Published in Screen Daily, the Saudi Film Commission reported on topline 2023 metrics for Saudi Arabia’s growing film industry. With more than 50% of the Saudi population under 25, there is a significant appetite for cinema, particularly for US action films, Egyptian comedies, and Saudi narratives.

     
  • FIFA Series 2024 Friendly Matches Kick Off in Jeddah
     

    The FIFA Series: Saudi Arabia A will be held in Jeddah, Saudi Arabia from March 21–26, 2024. The event will feature two groups, including Cambodia, Equatorial Guinea, Guyana, and Cape Verde. The series is designed to help national teams that do not often play teams from other confederations, and FIFA will cover the teams’ travel costs. There will be […]

     
  • NYT Reports on Proposed $40B Saudi AI Investment
     

    The New York Times’ Maureen Farrell and Rob Copeland report that Saudi Arabia is working with Wall Street banks to establish a $40 billion AI-focused investment fund.

     
  • U. S. Secretary of State Antony Blinken to Visit Middle East this week Seeking Ceasefire Agreement
     

    U.S. State Department spokesman Matthew Miller said, “The Secretary will discuss efforts to reach an immediate ceasefire agreement that secures the release of all remaining hostages, intensified international efforts to increase humanitarian assistance to Gaza, and coordination on post-conflict planning for Gaza, including ensuring Hamas can no longer govern or repeat the attacks of October 7.”

     
  • OPEC and IEA Agree on Something
     

    The Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA), two of the leading global energy forecasters, have long disagreed on demand growth.  They agree on this however.

     
  • Saudi Non-Oil Activity reaches 50% of GDP as Economy Continues to Diversify
     

    Non-oil economic activity in Saudi Arabia contributed 50 percent to the Kingdom’s gross domestic product in 2023, the highest level ever, the Ministry of Economy and Planning said on Thursday. The total non-oil economy was worth $453 billion at constant prices, driven by continued growth in investment, consumption and exports.

     

MUST-READS

  • IRGC Deputy Says Hamas Attack Stopped Saudi-Israeli Normalization

    Fars news website affiliated with the IRGC quoted Gen. Ali Fadavi as saying that “Normalization of relations by Saudi Arabia and some Arab countries with the regime occupying Quds was a malicious conspiracy that Americans pursued. They had prepared this conspiracy and were trying to implement it. They had worked on this for years and had reached a particular point.”

  • Iran IRGC Holds Naval Drills Around Gulf Islands (Abu Musa) Claimed by UAE

    Iran’s Islamic Revolutionary Guard Corps started naval drills around Persian Gulf islands whose sovereignty is disputed by the United Arab Emirates. The exercise includes troops, vessels, missiles and drones and aims to showcase the IRGC’s readiness to defend the islands, focused on Abu Musa, Iran’s state-run Islamic Republic News Agency reported on Wednesday.

  • How Khamenei stayed the course amid protests in sessions with top officials, IRGC

    In the wake of the nationwide protests in Iran sparked by the tragic death of Mahsa Jina Amini last September, a young woman who lost her life while in the custody of morality police, a series of significant events unfolded within the upper echelons of the state. These events shed light on the internal dynamics and power struggles within the Iranian political system—especially as the country prepares for leadership transition.

  • Could the IRGC pull a Wagner Group move in Iran? That’s what some Iranians are hoping for

    Upon news of the Prigozhin-led rebellion, Islamic Revolutionary Guard Corps (IRGC) Telegram channels quickly covered the breaking story. One viral screenshot of the IRGC’s main channel reposted a tweet by a pro-regime journalist emphasizing, “If necessary, just as we prevented the fall of [Bashar al-]Assad, we will prevent the fall of #Putin.”

  • Iranian activists slam European ‘meddling’ as IRGC designation mulled

    Prominent Iranian civil society activists and journalists have come out against European efforts to designate the Islamic Revolutionary Guard Corps (IRGC) as a terrorist organization, denouncing such a step as meddling in Iran’s internal affairs. This comes as Supreme Leader Ayatollah Ali Khamenei has agreed to pardon and reduce the sentences of thousands of individuals—including people detained during the anti-establishment protests in recent months.

  • Sacking of young ex-commander reveals IRGC divide

    Mohammad was a rising political figure. While comparatively young, he had already headed an important IRGC department. In usual circumstances, his sacking by Raisi would have been a major event in Iranian politics. However, the country has been preoccupied with an ongoing nationwide revolt following the Sept. 16 death of Mahsa Jina Amini, a young woman, in the custody of morality police.

  • Iran’s IRGC seizes vessel carrying 11 million litres of fuel

    ran’s elite Islamic Revolutionary Guard Corps (IRGC) has seized the crew and cargo of a foreign ship that was carrying 11 million litres (2.9m gallons) of smuggled fuel, according to a local judiciary official. The judiciary chief of the southern province of Hormozgan, Mojtaba Ghahremani, announced on Monday that the IRGC’s naval force confiscated the unnamed vessel in the waters of the Gulf.

  • UN showdown over Iranian drones looms as IRGC trainers reported in Ukraine

    Ayatollah Ali Khamenei's remarks also come as Ukraine, the US and its allies push for the Islamic Republic's reported arms transfers to Russia to be recorded as a violation of United Nations Security Council Resolution 2231, which endorses the 2015 Iran nuclear deal. If UN sanctions lifted under the nuclear accord are re-imposed on Iran, it could trigger further escalation with the west.

  • IRGC warns Saudi Arabia it must ‘control’ media ‘provoking our youth’

    The commander of Iran’s Islamic Revolutionary Guard Corps (IRGC) has warned the Saudi royal family that it will “pay the price” unless it reins in the media outlets it allegedly funds. The warning comes as Tehran accuses foreign-based Persian-language networks—and especially the TV channel Iran International—of spreading fake news and inciting unrest.

  • Member of Iran’s Islamic Revolutionary Guard Corps (IRGC) Charged with Plot to Murder the Former National Security Advisor

    According to court documents, beginning in October 2021, Shahram Poursafi, aka Mehdi Rezayi, 45, of Tehran, Iran, attempted to arrange the murder of former National Security Advisor John Bolton, likely in retaliation for the January 2020 death of Iran’s Islamic Revolutionary Guard Corps – Qods Force (IRGC-QF) commander Qasem Soleimani. Poursafi, working on behalf of the IRGC-QF, attempted to pay individuals in the United States $300,000 to carry out the murder in Washington, D.C. or Maryland.