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Recent stories from sustg

  • Tillerson Engages in Shuttle Diplomacy to Mend GCC Fences
     

    After failing to reach a breakthrough with the Saudi-led group of four countries that have cut ties with Qatar, Secretary of State Rex Tillerson has returned to Doha to continue his shuttle diplomacy in hopes of putting an end to the weeks-long rift. The Saudi-led group accuses Qatar of supporting terrorism and has given Doha […]

     
  • Saudi Arabia and Qatar Continue Standoff as Crisis Deepens
     

    The diplomatic standoff between Saudi Arabia and Qatar continued to deepen yesterday as the respective foreign ministers of each nation sparred over the Kingdom’s 13 demands of Qatar. Saudi Arabia’s Foreign Minister Adel al-Jubeir said on Tuesday that there would be no negotiations over demands by the kingdom and other Arab states for Qatar. Asked by […]

     
  • VICE Video: ‘Building Saudi Arabia’s First Movie Theatre’
     

    VICE News has posted a video on the burgeoning entertainment industry in Saudi Arabia and the challenges of creating original content in the Kingdom. “There is strong content being created by Saudis in the underground filmmaking scene. The challenges Saudi artists face, instead of lessening the quality of their work, actually add layers, nuance and […]

     
  • Transfer of Tiran and Sanafir Islands Approved by Egypt’s Parliament
     

    Egypt’s parliament has approved the transfer of two key islands in the Red Sea to Saudi Arabia, all but finalizing a deal to restore ownership of the islands to Saudi Arabia after more than half a century. The parliament, after “three days of rowdy and emotional debate” according to the New York Times, approved a […]

     
  • Jadwa Investment Data Shows ‘Mildly Improving Picture’ for Saudi Economy
     

    Riyadh-based Jadwa Investment’s recently released Economic Chartbook for the month of April finds data continues to “show a mildly improving picture,” according to Fahad Alturki, Jadwa’s Chief Economist. “Economic data continues to show a mildly improving picture in April. POS transactions jumped 11.4 percent, year-on-year, and although ATM withdrawals remain negative year-on-year, they showed an […]

     
  • Custodian of the Two Holy Mosques, Ruler of Saudi Arabia, and King of Twitter
     

    Saudi Arabia’s King Salman is ruler of more than just the Kingdom of Saudi Arabia. King Salman is the world leader whose original Tweets generate the most Retweets, according to the latest “Twiplomacy” study by the communications firm Burson-Marsteller. But unlike President Trump, King Salman publishes sparingly, with only 10 Tweets posted during the study. And […]

     
  • Gulf Spat Following President Trump’s Visit to Saudi Arabia Tests GCC Unity
     

    Tensions continue to run high for a sixth straight day in the GCC between Saudi Arabia and Qatar regarding relations with regional rival Iran, according to reports. Despite a strong show of unity for the recent visit of President Trump to the Kingdom, “[t]ensions in the Gulf were laid open for a sixth day, with […]

     
  • Deputy Crown Prince Mohammed bin Salman in Moscow to Meet with Russian President Vladimir Putin
     

    Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman and Russian President Vladimir Putin met today in Moscow as the Kingdom and Russia work together on oil production cuts, Reuters reports. Russia and Saudi Arabia played key roles in a successful global deal which saw oil production curtailed by 1.8 million barrels per day as part of […]

     
  • Overview of Saudi Arabia’s Drive Toward Privatization
     

    Saudi Arabia’s push toward privatization is a key component of the government’s ambitious Vision 2030 economic and social reform program, and necessary for the Kingdom’s goals of diversifying its economy away from petroleum revenue dependency. The news service Reuters provides a “factbox” list of Saudi Arabia’s sectors that are making progress toward privatization, and encouraging […]

     
  • Ahead of Trump’s Visit, White House Official Tells Reuters $100b in Arms Deals Planned
     

    The United States is close to completing a series of arms deals with Saudi Arabia totaling more than $100 billion, a senior White House official told Reuters on Friday, a week ahead of President Donald Trump’s planned visit to Riyadh. The arms deals could reach up to $300 billion over 10 years to help Saudi […]

     

MUST-READS

  • Saudi Arabia ranks lowest globally in financial fraud crimes, says report

    Saudi Arabia ranks the lowest in terms of financial fraud crimes worldwide, according to the latest global report. The country secured the top global position in the Global Cybersecurity Index (GCI) for 2024, billed as the highest category of role-modelling. Al-Wakid said financial fraud prosecutions operate continuously, seven days a week, around the clock in all regions of the Kingdom, to receive reports of financial fraud from law enforcement agencies.

  • Preserving cultural legacy: Family office dynamics in the Middle East

    In the Middle East, commercial success has long been intertwined with heritage: family-owned businesses are the historic cornerstone of the region and to this day still comprise an estimated 60% of the region’s GDP. What differentiates these enterprises from traditional business is the centrality of legacy: a long-term vision focused on sustaining future generations and reinvesting into the community.

  • Saudi Film Confex considers role of film as a tool of cultural diplomacy

    Saudi Arabia’s Prince Turki Al Faisal bin Abdulaziz, chairman of the King Faisal Foundation’s Centre for Research and Islamic Studies, emphasized what he believed to be the power of cinema in fostering cultural exchange and showcasing Saudi heritage to the world, in an on-stage conversation of the second edition of the Saudi Film Confex in Riyadh (October 9-12).

  • Saudi Arabia, Egypt agree deeper investment ties, urge Gaza truce

    Saudi Arabia's Crown Prince Mohammed bin Salman and Egypt's President Abdel Fattah al-Sisi agreed to deepen trade and investment cooperation and called for a ceasefire in Gaza and Lebanon in talks in Cairo on Tuesday. Egypt's presidency said the leaders signed an agreement to encourage and protect mutual investments between the countries, and witnessed the signing of an accord to form a supreme coordination council between Riyadh and Cairo to deepen cooperation.

  • Aramco Cancels Saudi Chemical Project as It Focuses on Asia

    Saudi Aramco has canceled plans to build a refinery and chemicals project in the kingdom and is reviewing three others as it evaluates spending plans with a focus on expanding in Asia. The cancellation is a sign Aramco is recalibrating its spending on chemicals to Asia, where it’s pursuing a series of deals in China that would also guarantee long-term demand for Saudi crude. Aramco sees the use of goods such as plastics outlasting the growth in consumption for gasoline and diesel amid the energy transition, with much of the expansion in chemicals likely coming from Asia.

  • A Saudi cartoonist has been sentenced to 23 years in prison, activists say

    Al-Ghamdi drew under the pen name Al-Hazza, with some of his cartoons poking fun at challenges during the holy Muslim fasting month of Ramadan, as well as touching occasionally on the politics of the Middle East. But political cartoons, like the content of Arabic-language newspapers in the Gulf states, must carefully thread the needle when discussing the region’s autocratic rulers even in the best of times.

  • New Saudi-U.S. Outfit WeirdBunch Launches With Aim to Make Marvel-Like Content With a Middle-East Flavor

    A new studio called WeirdBunch Entertainment, which aims to make Marvel-like content with a Middle-Eastern flavor, is being launched by a group of industry execs with offices in Saudi Arabia and Los Angeles. WeirdBunch brings together prominent Saudi puppeteer, producer and podcaster Ammar Al-Sabban, who worked on the Arabic adaptation of “Sesame Street”; Marvel comics writer B. Earl; Keith Fay, who is a former director of original series at Cartoon Network; and Saudi entrepreneur and financier Abdullah Al-Sabban.

  • Saudi Arabia and Beyond: Meet the Women Leaders in the World of Sailing

    With five America’s Cups under her belt and over 25 years of experience, Ryan has traveled far and wide to various race locations, including Saudi Arabia in November 2023. The venue for the America’s Cup Preliminary Regatta was the Jeddah Yacht Club – notably the only event ever to be hosted outside of Barcelona in this series of the America’s Cup. “I really wanted to spread the reality of what I saw in Saudi Arabia. A lot of people said to me, ‘How did you feel as a female event director running an event in Jeddah; was that challenging?’ I said, ‘Not in the slightest.’ There were many women involved in the Saudi Federation and organizations, and I never once felt any difficulty or challenge being a woman running professional events on this scale. And I wanted more people to realize that.”

  • SBC Concludes Participation in the Saudi-South African Business Forum

    The Saudi Business Center (SBC) has concluded its participation in the Saudi-South African Business Forum, which was held yesterday here by the National Competitiveness Center, the Federation of Saudi Chambers of Commerce, and the Department of Trade, Industry and Competition of the Republic of South Africa. SBC participated in the event to raise awareness about the services provided by government partners to the business sector, and to facilitate the initiation and conduct of business in Saudi Arabia.

  • EU sanctions Iran over alleged missile transfers to Russia

    The European Union has announced sanctions against more than a dozen Iranian individuals and firms, including the country’s deputy defence minister and national airline, over the alleged transfer of missiles and drones to Russia. The European Council said on Monday that seven individuals and as many entities in total would be subject to an asset freeze and travel ban over their involvement in transferring weapons and equipment to Moscow for use in its war against Ukraine.