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Russia’s Putin Arrives in Saudi Arabia to Discuss Oil Market Stability, Regional Tensions
- October 14,2019
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- SUSTG Team
Russia’s President Vladimir Putin is in Saudi Arabia to visit with top Saudi leaders, his first trip to the Kingdom in over a decade. The visit is a sign of Russia’s “growing Middle East clout,” Reuters reports, as tensions brew in regional hotspots where Russia and Saudi Arabia’s interests diverge. Putin will sign oil agreements, which will […]
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Range of ‘Positive Developments’ Seen in Latest Saudi Economic Data for August 2019
- October 1,2019
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- SUSTG Team
Economic data for Saudi Arabia for the month of August revealed a number of “positive developments” in several areas, according a recently-released monthly chartbook report by Jadwa Investment. The Riyadh-based bank noted that POS transactions rose by 18 percent year-on-year, while non-oil PMI index edged up, and cement sales and production rose by 12 percent and […]
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Britain, France, and Germany Join U.S. in Blaming Iran for Attacks
- September 24,2019
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- SUSTG Team
Britain, France and Germany have joined the United States in blaming Iran for recent attacks on key Saudi Arabia oil facilities, according to reports, issuing a joint statement Monday on the sidelines of the United Nations General Assembly. “We condemn in the strongest terms the attacks on oil facilities on Saudi territory on September 14th, 2019 in Abqaiq […]
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Brazen Attacks on Key Saudi Oil Facilities Knock Half of Daily Saudi Production Offline, Place Region on Edge
- September 16,2019
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- SUSTG Team
In the early hours of Saturday morning, two of Saudi Arabia’s most important oil facilities were brazenly attacked and set ablaze, causing a disruption of half of Saudi Arabia’s total daily oil production and 5% of the world’s crude supply and throwing the tense region into greater risk of conflict. The attacks on Saudi Arabia hit […]
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Saudi Arabia Names New Energy Minister, Appointing Royal with Deep OPEC Experience
- September 9,2019
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- SUSTG Team
Saudi Arabia has named a new energy minister in Prince Abdulaziz bin Salman, a son of King Salman and older half brother of Crown Prince Mohammed bin Salman, to replace Khalid Al-Falih. Abdulaziz bin Salman is the first member of the royal family to serve as oil minister in Saudi Arabia, a break from longstanding […]
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Saudi Arabia Announces Six Flags Qiddiya with Plans for the World’s ‘Longest, Tallest and Fastest Roller Coaster’
- August 27,2019
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- SUSTG Team
Saudi Arabia has unveiled the official park design for Six Flags Qiddiya, a family-oriented theme park currently under construction just outside of Riyadh. The announcement, along with a website for the future park, said that Six Flags Qiddiya will feature “a number of record-breaking roller coasters, unique thrill experiences, incredible live shows and more arranged into 6 […]
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Saudi Embassy Responds to Misinformation in U.S. Election Debates
- August 8,2019
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- SUSTG Team
The spokesperson for the Saudi embassy in Washington, Fahad Nazer, responded to “worrisome and false” allegations being made by U.S. politicians against Saudi Arabia as the 2020 election cycle gears up. Nazer sought to “set the record straight” especially on accusations connecting Saudi Arabia with Al-Qaeda made by longshot Democratic candidate, representative Tulsi Gabbard from Hawaii. […]
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‘History in the Making’: Saudi Arabia Allows Women to Travel Independently; Enacts Other Reforms
- August 5,2019
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- SUSTG Team
Saudi Arabia’s decision to allow women to travel independently is being hailed a historic leap for gender equality in the Kingdom as women celebrate their new rights and freedoms enacted under King Salman and Crown Prince Mohammed bin Salman. “The new regulations are history in the making,” Princess Reema Bint Bandar, Saudi Arabia’s first woman ambassador […]
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Saudi Binladen Group Seeks Restructure Advisor for Billions of Debt – Report
- July 31,2019
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- SUSTG Team
The Saudi BinLaden Group is seeking an advisor to help the troubled company restructure as much as $20-$30 billion in debt, according to a new report in Reuters. The once-dominant construction company in the Kingdom that has fallen on hard times is now looking for a comeback. In late 2017, the Saudi government, through a Finance-ministry […]
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Saudi Arabia in talks with ‘regional and global investors’ for Qiddiya, the Kingdom’s mega entertainment and sports city – report
- July 24,2019
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- SUSTG Team
Saudi officials are engaged in talks with “regional and global investors” for the Kingdom’s first mega entertainment and sports city that’s being developed as part of the kingdom’s plans for life after oil, Bloomberg reports. The company is looking at options for investment including “joint ventures, land leasing and privatization to fund the project,” according to comments from the company’s […]
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Saudi Arabia sends first aid truck convoy to Syria
Sixty trucks passed the Jaber Border Crossing in Jordan in the first Saudi aid convoy aimed at assisting the Syrian people. The operation is managed by Saudi aid agency KSrelief. The trucks are preparing to enter Syria, carrying essential supplies such as food, shelter and medical assistance to help alleviate the difficult conditions faced by the Syrian people. Also on Sunday, a sixth airlift relief plane to Syria, operated by KSrelief, arrived at Damascus International Airport, the Saudi Press Agency reported.
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Saudi Arabia’s first ‘recycled road’ built in Al-Ahsa
The project, a collaboration with Al-Ahsa municipality and the National Center for Waste Management, incorporated waste material into the asphalt layers of a road in the Al-Ahsa governorate, following research by the authority to assess the performance of asphalt and gravel layers made from aggregates sourced from the municipality’s environmental landfill. Using recycled material in infrastructure projects supports the Kingdom’s goal of transitioning to a circular economy. The target is a 60 percent recycling rate for such waste by 2035, which “highlights the Kingdom’s commitment to environmental sustainability and efficient infrastructure development,” the SPA said.
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Impact of taxation on tobacco products prices in Bahrain, Saudi Arabia and United Arab Emirates
The 3 countries imposed more than 70% excise tax on tobacco products. Saudi Arabia, in addition, imposed the value added tax. This led to sharp price increases and less affordability in all the countries. In 2020, the affordability index in the Gulf Cooperation Council countries ranged from 1.3% in Kuwait to 3.8% in Saudi Arabia. However, affordability was still higher in these countries than in the rest of the world.
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A review of sugar-sweetened beverages taxation in Saudi Arabia and United Arab Emirates
Both countries implemented SSBs taxation consistently between 2015 and 2023, generating additional revenue and reducing obesity rates. The acceleration scenario estimates showed that SBB taxation could reduce overweight prevalence among children and adolescents (aged 5–19 years) from 38.2% in 2020 to 34.4% in 2030 in Saudi Arabia and from 37.0% to 34.6% in United Arab Emirates, and could reduce obesity rate by approximately 12.7% in Saudi Arabia and 9.5% in United Arab Emirates in the same period.
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German, French foreign ministers meet Syria’s new rulers in Damascus
The foreign ministers of Germany and France said they wanted to forge a new relationship with Syria and urged a peaceful transition as they met its de facto leader Ahmed al-Sharaa in Damascus on Friday on behalf of the European Union. Germany's Annalena Baerbock and France's Jean-Noel Barrot are the first ministers from the EU to visit Syria since rebels seized control of Damascus on Dec. 8 and forced President Bashar al-Assad to flee after more than 13 years of civil war, ending his family's decades-long rule. Their trip is meant to send a message of cautious optimism to the Islamist rebels led by Sharaa's Hayat Tahrir al-Sham (HTS), showing an openness to acknowledging the new rulers while also urging moderation and respect for minorities' rights.
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Texas man who backed Islamic State acted alone in New Orleans attack, FBI says
A U.S. Army veteran who killed 14 people by ramming a truck into a crowd of New Year's Day revelers in New Orleans had pledged allegiance to Islamic State and appeared to have made recordings in which he condemned music, drugs and alcohol. Shamsud-Din Jabbar, a 42-year-old Texas native who once served in Afghanistan, acted alone in the attack, the FBI said on Thursday, reversing an earlier assessment that he may have had accomplices. He was killed in a shootout with police after the rampage, which also injured dozens of people and has been labeled by the FBI as an act of terrorism. "It was premeditated and an evil act," FBI Deputy Assistant Director Christopher Raia told a press conference on Thursday, reaffirming the bureau's conclusion that Jabbar was inspired by Islamic State, the militant group with fighters in Iraq and Syria.
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Riyadh’s King Khalid Airport named world’s most on-time large and global airport
Riyadh’s King Khalid International Airport has been named winner in both the ‘Large’ and ‘Global’ Airport categories in Cirium’s 2024 On-Time Performance report. It was a double celebration for Saudi Arabia as Saudia was a close runner-up with 86.35 per cent among the airlines. Saudi was second only to Aeromexico, Mexico’s flag carrier, which was named the most On-Time ‘Global Airline’ in 2024 with a 86.7 per cent on-time rate. American giant Delta Air Lines secured third place with 83.46 per cent. Qatar Airways, with 82.83 per cent on-time arrivals and 82.56 per cent on-time departure, was placed fifth globally, one place behind LATAM Airlines at fourth.
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Senior Saudi officials meet new Syrian counterparts in Riyadh
Saudi Arabia’s Defense Minister Prince Khalid bin Salman and Foreign Minister Prince Faisal bin Farhan met their new Syrian counterparts during a trip to Riyadh. Syrian Foreign Minister Asaad Hassan al-Shibani met Prince Faisal at the Saudi Foreign Ministry before the pair joined a larger meeting with Prince Khalid. “We discussed developments in Syria and explored ways to support the transitional political process in achieving the Syrian people’s aspirations for security, stability, and unity,” Prince Khalid said after their meeting.
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More young footballers interested in Middle East move ahead of Saudi Arabia World Cup
Birmingham-born Brad Young now lives and plays football in Saudi. The 21-year-old left the Welsh first tier to join Saudi Pro League (SPL) side Al-Orobah in September and said the league is among the world's top five. "All the big players are starting to come here," Brad told Sky News. "The league is growing and obviously it's good for me to get that learning experience off the experienced players." "These players are all experienced and they know their stuff like when you make runs off the back of defenders, they block you, they've got that experience. "So, you have to regroup and learn how to play against them. You've got to think smart and think better."
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Saudi Al Qadsiah sign Brazilian teenager Gabriel Carvalho
Saudi Pro League's Al Qadsiah announced on Thursday the signing of 17-year-old Brazilian attacking midfielder Gabriel Carvalho from Internacional. Carvalho, the latest transfer into a lucrative league featuring the likes of Cristiano Ronaldo and Karim Benzema, is set to join his new team in the summer. “Gabriel Carvalho signed for Al Qadsiah. He will join in August during the summer transfer window,” the third-placed club said on the X social media platform.
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