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Despite Pandemic, Delivery Food App Uber Eats Ceases Operations in Saudi Arabia, Company Says
- May 5,2020
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- SUSTG Team
Uber Eats has decided to withdraw its food delivery service in both Saudi Arabia and Egypt, and will join forces with Careem in the UAE, according to reports, citing comments from company leadership in the region.
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Saudi Economic Data Starting to Reflect Coronavirus-Related Shutdown Measures, Jadwa Says
- May 4,2020
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- SUSTG Team
A significant portion the latest March data on the Saudi economy has begun to reflect the impact of COVID-19 containment measures, Jadwa Investment said in its most recent chartbook.
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Kingdom Climbs in International Budget Transparency Index
- May 1,2020
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- SUSTG Team
Saudi Arabia jumped 18 places in an index that measures the transparency of budgets worldwide as the Kingdom moves forward with economic and social reforms.
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In Coordination with Saudi Arabia, U.S. Forces Conduct Amphibious Assault Training on Saudi Islands
- April 30,2020
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- SUSTG Team
In coordination with Saudi Arabia, U.S. forces conducted a training exercise of an amphibious assault on a Saudi island, providing “800 Marines and Sailors the opportunity to train in amphibious operations in a realistic environment,” the U.S. military said.
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Saudi Arabia Taps Foreign Reserves to Weather Coronavirus Crisis
- April 29,2020
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- SUSTG Team
Saudi Arabia’s central bank foreign reserves fell in March at their fastest rate in at least 20 years and to their lowest since 2011, Reuters reports, as the Kingdom draws down on reserves to weather the Coronavirus crisis and keep citizens and residents safe.
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Saudi Arabia Makes First Purchase of Wheat from Kingdom-Owned Farm
- April 27,2020
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- SUSTG Team
Saudi Arabia has made its first purchase of wheat grown from an overseas farmland investment in Ukraine, Reuters reports, as the Kingdom makes progress on a years-long shift toward agricultural imports and water conservation goals.
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‘We are looking into any opportunity’, PIF Chief Says as Saudi Eyes Value Investments
- April 24,2020
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- SUSTG Team
Saudi Arabia’s head of its Public Investment Fund, Yasir Al-Rumayyan, said the fund is looking to make more value investments in the weeks and months to come with global markets down as a result of the Coronavirus pandemic.
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Saudi Cabinet: Kingdom Prepared to ‘Take Extra Steps with OPEC+’ to Stabilize Oil Market
- April 21,2020
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- SUSTG Team
Saudi Arabia said on Tuesday it is monitoring oil markets and is ready to take extra measures to stabilize them along with OPEC+ allies and other oil producers, Reuters reports, citing an SPA report and Saudi Cabinet statement.
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COVID-19-Induced Oil ‘Demand Destruction’: Jadwa Sees Saudi Crude Production at 9.4 mbpd Average in 2020
- April 20,2020
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- SUSTG Team
With a bleak outlook for oil demand growth in 2020 by OPEC, and recent pledged cuts agreed to by the so-called OPEC+ group of producers last week, Saudi Arabia is set to produce about 2 million barrels per day less on average compared to previous forecasts, Jadwa Investment writes in a new quarterly oil market […]
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As Ramadan Approaches, Saudi Arabia Prepares for Holy Month Under Coronavirus Restrictions
- April 17,2020
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- SUSTG Team
For Saudis and other Muslims around the world, the approaching month of Ramadan will look different this year as governments take preventative measures to safeguard their citizens from the coronavirus.
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MUST-READS
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U.S. - SaudiUS Department of State picks Khawandanah to represent Saudi Arabia in leadership program
The US Department of State has selected Dr. Shadi Fouad Khawandanah – Executive Member of the Board of the International Chamber of Commerce of Saudi Arabia – to represent Saudi Arabia in the International Visitors Leadership Program (IVLP) titled “Global Economic Cooperation and Revitalization” which will take place on June 1-19, 2015 along with the international leaders who were selected from the other countries to experience the US firsthand and cultivate lasting relationship with the American counterparts.
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Tadawul OpeningBNY Mellon Started Saudi Arabia Stock Picking on Market Opening
Bank of New York Mellon Corp., the world’s biggest custody bank and among the 10 largest investment managers, said it’s started picking Saudi Arabian equities to invest in ahead of the market opening in June.
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IsraelWhat’s next for Israel’s new Arab political party?
Many people in Israel don’t know the village of Iqrit exists. In fact, not much of it does exist anymore: If you follow a small, unmarked dirt path up a steep hill near the Israeli border with Lebanon, you’ll only find a modest church, a cemetery and impressive views.
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War in Yemen: CoalitionU.S. Supports, Would Cooperate With Proposed Arab Force: Carter
The United States supports Arab plans to create a unified military force to counter growing security threats in the Middle East, and the Pentagon will cooperate with it where U.S. and Arab interests coincide, Defense Secretary Ash Carter said on Monday.
- Stratfor - The Middle Eastern Balance of Power Matures
- Associated Press - A look at the countries involved in the Saudi Arabia-led airstrikes targeting Yemen rebels
- Washington Post - Opinion: An Arab military force could compound the region’s problems
- Brookings Institution - Can this joint Arab military force succeed where others have failed?
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Saudi Contemporary ArtSaudi Arabia showcases contemporary art
Saudi Arabia's Art Council has created an exhibition, Fast Forward, to explore the history of the country's contemporary art since 1960. The Gulf country has the region's largest number of active contemporary artists and the longest history of sending its artists overseas to study.
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EntrepreneurshipStartups in Saudi Arabia get cold shoulder from banks
Hasan al-Hazmi knew he couldn’t depend on Saudi Arabian lenders when opening his business last year even with the kingdom’s drive to boost credit to small- and medium-sized companies. “Banks are not lending to any startups without providing annual financial statements audited by licensed entities in Saudi Arabia,” said Hazmi, co-founder of Riyadh-based Supply & Logistics Solutions that started operations last year providing storage and cargo services. “How would I be able to provide a bank with statements if I just started?”
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Saudi-EgyptIn Saudi Arabia, Can an Adversary Become a Partner?
In spite of recent media leaks and statements, it is unlikely that Saudi Arabia will strategically alter its opposition to the Muslim Brotherhood.
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Art in Saudi ArabiaJeddah exhibition tells the story of art in Saudi Arabia
According to Shroogi, there is a growing curiosity about the early days of Saudi art in the modern era, especially the 1960s, when young Saudi artists traveled to Egypt and Italy to pursue their dreams of studying art. He added that the objective of offering these scholarships was that Saudi Arabia would eventually benefit from their knowledge when they returned home to inspire and teach a new generation.
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Ban in SaudiU.N. chief hails Saudi Arabia as ‘very important partner’
U.N. Secretary General Ban Ki-moon has praised Saudi Arabia as a “very important partner” in peace building, security and humanitarian work.
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King Salman's GovernanceSovereign Transition in Saudi Arabia: A Conversation with Dr. Theodore Karasik [Part 1]
I think that the government shuffle is extraordinary for Saudi Arabia at this juncture. Not only did you have twelve governing bodies attached to the Saudi Council of Ministers dissolved but also as you rightly pointed out you had at least ten new people appointed in to the cabinet itself. The most important point here in dissolving of the government bodies is the creation of new councils – two of them.
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