Analysis

OPEN BANKING

Saudi Arabia’s New Open Banking Policy to Turbocharge Digital Innovation

• SUSTG Team
• |
• 1. 15. 2021

Saudi Arabia's central bank, the Saudi Arabian Monetary Authority (SAMA), is introducing an open banking policy to advance digital innovation in the financial services sector, the body announced this week.

• Energy

  

  Energy Minister Prince Abdulaziz bin Salman: New Saudi Cut Is ‘Commercial Choice, Not Political’

  SUSTG Team  |  1. 7. 2021

  Saudi Arabia's energy minister Prince Abdulaziz bin Salman called this week's surprise oil output cut for February and March a "wonderful present" for the oil industry and will affect both domestic sales and exports, and said that the choice for a cut was commercial and not political.

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  Saudi-led Coalition Strikes Targets in Yemen after Aden Airport Attacked

  SUSTG Team  |  12. 31. 2020

• Women

  

  Princess Reema in Vogue Middle East: ‘Profound, Historic Changes’ for Women in Saudi Arabia

  SUSTG Team  |  12. 11. 2020

  Saudi Arabia’s Ambassador to the United States Princess Reema bint Bandar penned an open letter for Vogue Arabia discussing the progress made and path forward for Saudi Arabia’s women, noting that women in the Kingdom are cracking the glass ceiling.

• Saudi Aramco

  

  Saudi Aramco, Shell & AMG Recycling B.V. Sign Agreement to ‘Maximize Value of Natural Resources’ in Kingdom

  SUSTG Team  |  12. 2. 2020

  Saudi Aramco and Amsterdam-based Shell & AMG Recycling B.V. signed a memorandum of understanding this week to "evaluate the feasibility of creating a venture in support of Saudi Arabia’s vision to maximize value from its vast natural resources," the companies said in a press release this week.

• U.S.-Saudi Relations

  

  White House Advisor Jared Kushner Heads to Saudi Arabia, Qatar for Diplomatic Talks

  SUSTG Team  |  11. 30. 2020

  White House senior adviser Jared Kushner and a team of outgoing Trump administration officials are heading to Saudi Arabia and Qatar this week in an attempt to secure more diplomatic agreements in the Middle East before the Trump administration leaves office in January, according to reports.

• G20 Riyadh

  

  Saudi Arabia Hosts First G20 in Middle East; Leaders Pledge Collective Action on Coronavirus

  SUSTG Team  |  11. 23. 2020

  Leaders of the G20 nations, the world's largest economies, concluded their two-day virtual summit this weekend hosted by Saudi Arabia offering pledges to cooperate on the Coronavirus pandemic, the global economic recovery, energy and climate change, and women's empowerment.

• Entertainment

  

  ‘We are Expanding our Library of Saudi Content’: Netflix Signs Multi-Picture Deal with Saudi Arabia’s Telfaz11 Studios

  SUSTG Team  |  11. 12. 2020

  Netflix has announced a partnership with Saudi Arabian digital media studio Telfaz11 to produce eight new feature films, Variety reports, an expansion of the media powerhouse's interest in Saudi Arabia's budding creators and growing entertainment market.

• Economy

  

  A Second Straight Month of Growth for the Saudi Non-Oil Private Sector

  SUSTG Team  |  11. 3. 2020

  Saudi Arabia’s non-oil private sector saw a second straight month of expansion in October, as figures show output grew at a "solid pace," Reuters reports.

• 5G

  

  Industry-Tracker Opensignal Says Saudi Arabia has the Fastest 5G, On Track to Becoming a 5G Regulator

  SUSTG Team  |  10. 22. 2020

  Saudi Arabia is tops in the world in 5G speeds, beating out South Korea by a significant margin as the Kingdom unveiled its plans to become a a 5G regulator, according to reports.