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Yemen’s President Hadi Says Saudis Gave $10 Billion to Rebuild War-Torn Nation
- February 23,2017
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- SUSTG Team
Yemen’s President Hadi said that Saudi Arabia has given his nation $10 billion to rebuild following nearly two years of civil war, according to reports. The funds will go to restoring electricity and water supply, healthcare, education and communications, according to RT. Hadi defined these as the “urgent priorities” for his government. Saudi officials have yet to […]
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Saudi Arabia Taps U.S.-Based Bechtel Corp to Run State Infrastructure Oversight Office
- February 21,2017
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- Lucien Zeigler
Saudi Arabia’s new National Project Management Office (NPMO) is something you will hear a lot about in the coming years. The Kingdom has tasked U.S.-based Bechtel Corp to oversee its state infrastructure projects, known in Arabic as “Mashroat,” and ensure that projects are run at low costs and as efficiently as possible. The deal was awarded […]
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Stability in Oil Price Attributable to Coordinated Action by OPEC, But Will U.S. Shale Spoil the Party?
- February 16,2017
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- SUSTG Team
With Brent oil hovering around $55 for the past two months, actions by OPEC and non-OPEC members to keep 900,000 barrels per day off the market have had a stabilizing effect on prices, Riyadh-based Jadwa Investment said in a note released to investors. But despite the stable start to the year, Jadwa sees a likely return of […]
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Saudi Arabia Approves $24.5b for Water, Agriculture, and Environment Spending to Meet Vision 2030 Goals
- February 13,2017
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- SUSTG Team
Saudi Arabia has approved $24.5b for water, agriculture, and environment spending to allow government leaders to meet 16 goals set as part of its Vision 2030 development plan, Reuters reports. The figure was stated by Abdulrahman Al-Fadhli, Saudi Arabia’s minister for environment, water and agriculture at a speech at an industry conference in Riyadh. Reuters reports that […]
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Saudi Energy Ministry Announces New Renewable Energy Plan for up to $50b in Investments
- February 3,2017
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- SUSTG Team
Saudi Arabia appears to be re-starting its efforts to expand renewable energy projects to meet growing domestic power needs with up to $50b invested through 2023, according to reports and comments by the Kingdom’s energy and industry minister Khalid al-Falih. The projects, part of the National Renewable Energy Plan (NREP) will be managed under a […]
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Saudi Arabia Gives Final Approval to VAT
- January 31,2017
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- SUSTG Team
The Saudi Cabinet approved on Monday a GCC-wide measure for implementing a value added tax (VAT) of 5% on certain goods, according to reports. The Unified Agreement for Value Added Tax, which will be implemented throughout the Gulf Cooperation Council (GCC) starting next year, is in line with Saudi Arabia’s goals of diversifying government revenues […]
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Saudi Aramco Selects U.S. Firms to Audit Reserves for 2018 IPO
- January 27,2017
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- SUSTG Team
Saudi Aramco has tasked two U.S. industry leaders in oil reserves auditing to review the content of its deposits as it pushes ahead with a share listing next year, industry sources told Reuters on Thursday. Saudi Aramco has asked a unit of oil services firm Baker Hughes – Gaffney, Cline and Associates – to carry […]
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Saudi-backed Softbank Technology Investment Fund Hits $100b Mark Ahead of Schedule
- January 6,2017
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- SUSTG Team
Oracle founder Larry Ellison will join Apple, Qualcomm and Foxconn in backing SoftBank’s record-setting technology fund, allowing the Japanese telecoms group to hit its $100 billion goal weeks ahead of schedule, the Financial Times reports. According to the report, the Saudi-backed fund may be oversubscribed by the time it closes. Abu Dhabi’s sovereign wealth fund is […]
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Four of Seven Saudi Bodies are Returned Home as Kingdom Reels from Lost Youth in Istanbul Terrorist Attack
- January 4,2017
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- SUSTG Team
The bodies of four Saudis who were slain in the attack on an Istanbul nightclub were returned home as the Kingdom reels from the loss of its citizens at the hands of Daesh terrorists abroad. The attack killed seven Saudis and 39 total from 14 countries. Included in the four dead returning to the Kingdom today […]
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Number of Executed in Saudi Arabia in 2016 Dips Slightly from 20-Year High
- January 2,2017
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- SUSTG Team
Saudi Arabia executed 153 people in 2016, a slight reduction over 2015 (158) that marked a 20-year high for the Kingdom. Though figures for Iran and China are less transparent and not yet available for 2016, both countries appear to have executed significantly more than Saudi Arabia last year. China has been dubbed the “world’s most prolific executioner” […]
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MUST-READS
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Prince Saud bin Talal Launches First Hydrogen-Powered Bus in Saudi Arabia
Al-Ahsa Governor Prince Saud bin Talal bin Badr on Thursday inaugurated the trial of the first hydrogen-powered bus in Saudi Arabia. The bus boasts the ability to travel up to 635 kilometers on a single charge and has a capacity of 45 passengers. It will connect the city of Dammam with Al-Ahsa Governorate, covering a total distance of 359 kilometers daily as part of intercity transportation services operated by SATCO, a licensed company in the southern concession area.
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British Boxer Ramla Ali Launches Production Company 786 Entertainment With Backing From Saudi Prince
British boxer, model and campaign activist Ramla Ali is launching film and TV production company 786 Entertainment, which has the backing of Saudi Prince Faisal Al Saud. Olympic boxer Ali, who moved to England in 1989 as a refugee from the Somali Civil War, was one of Time Magazine’s 2023 Women of the Year. She is now launching 786 Entertainment with her husband, manager and former coach, Richard A. Moore, and Saudi-owned Vainqueur Family Group. Moore has previously produced sports docs Fighting For A City and Being AP. The Vainqueur Family Group is headed up by Prince Faisal’s business partner, Bilal Nasser.
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Imax CEO Richard Gelfond on Launching the Company’s First Arabic Film and Expanding Its Footprint in Saudi Arabia and the MENA Region
In what amounts to a milestone for the Middle East, Imax has announced plans to release its first-ever Arabic-language feature film. It’s a comedy titled “Ambulance” led by Saudi star Ibrahim Hajjaj, whose 2023 wrestling movie “Sattar”is Saudi Arabia‘s highest grossing local title. The announcement was made by Imax CEO Richard Gelfond during the grand opening on Wednesday of a new Imax theater in the Saudi city of Jeddah, which featured screenings of “Gladiator II” and “Moana 2.” The event took place on the eve of the Red Sea Film Festival, which will open Thursday with Gelfond in attendance.
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2024 PIF Saudi International final results: Prize money payout, leaderboard and how much each Asian Tour golfer won
The 2024 PIF Saudi International final leaderboard is headed by winner Joaquin Niemann, who topped the Asian Tour leaderboard this week with a win at Riyadh Golf Club in Riyadh, Saudi Arabia. Niemann earned the win to take the final International Series title of 2024, winning with a birdie on the second hole of a sudden-death playoff against Cam Smith and Caleb Surratt after all three finished regulation on 21-under 263.
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List of Saudi Players Who Played Professionally Abroad
The professional experience of Saudi players abroad is a national project aimed at developing and nurturing Saudi talents in football by engaging with European football. This initiative enhances the ability to supply the Saudi national teams with these stars, while also opening opportunities for players to join European teams. The professional experience of Saudi players abroad has gone through important phases, some of which were individual, while others were collective, until it became a national program dedicated to football talents in the Kingdom. Through this program, players are prepared professionally and scientifically. Many players have played professionally abroad since the start of professional football in the Kingdom.
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UK’s Starmer to Push for Stronger Ties With UAE, Saudi Arabia in First Gulf Visit
British Prime Minister Keir Starmer will begin a multi-day visit to the Gulf on Sunday, his first trip to the region since taking office, seeking stronger economic and defence ties with the United Arab Emirates and Saudi Arabia. He will aim to boost investment and deepen defence and security partnerships, the government said in a statement on Saturday, describing the two Middle Eastern countries as "some of the UK's most vital modern-day partners." Starmer, elected to lead the world's sixth-largest economy in July, will arrive in the UAE on Sunday, where he is due to hold talks with President Sheikh Mohamed bin Zayed Al Nahyan on Monday. He will fly to Saudi Arabia later on Monday to meet Crown Prince Mohammed bin Salman.
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How Russia Could Maintain a Foothold in Syria
The stunning downfall of Syrian President Bashar al-Assad leaves not merely a vacuum of power in that country but a nearly endless list of unanswered questions. One of the most significant concerns the fate and future of the minority Alawite community, from which Assad and his inner circle hailed. The Assad dictatorship began when Bashar’s father, Hafez, seized control of the country in 1970. The government that Bashar inherited upon his father’s death in 2000 was nominally Baathist, a socialist and pan-Arab ideology, but the heart of the regime has always been—and, more important, perceived as—a communal Alawite project at the expense of the Syrian Sunni majority. What happens to that community now will say a great deal about whether post-Assad Syria coheres into a stable, pluralistic nation—or descends into further sectarian chaos.
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Apple announces Apple Retail expansion in the Kingdom of Saudi Arabia
Apple today announced plans to expand in the Kingdom of Saudi Arabia, starting with the launch of the Apple Store online in summer 2025. The online store will bring customers across Saudi Arabia new ways to shop Apple’s full range of products, with exceptional service and support directly from Apple in Arabic for the very first time. Starting in 2026, Apple will begin opening the first of several flagship Apple Store locations in Saudi Arabia. These retail stores will offer customers in the country even more ways to connect with Apple’s knowledgable team members and find the perfect products and services. As part of this expansion, Apple is in the initial stages of planning an iconic retail store coming to Diriyah, a UNESCO World Heritage site.
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Saudi designer finds inspiration in AlUla’s history
In AlUla, a region rich in history and natural splendor, young Saudi designer Wejdan Al-Faqiri finds her muse. Drawing from the unique essence of her surroundings, she crafts designs that echo heritage and embody the region’s identity. Al-Faqiri’s venture into clothing design stems from her deep appreciation for AlUla's details, evident in her creations and her love for handicrafts, according to a Saudi Press Agency report. Recognizing the potential in AlUla’s scenic beauty, such as rock formations and date palms, and historical sites, including ruins, Al-Faqiri translates these elements into products that narrate the essence and long-standing stories of the region.
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New KAUST president: In Saudi Arabia, the possibilities are even greater
Possibly the most exciting thing happening in Saudi Arabia at the moment is the energy generated by its youthful population, which is fully engaged in transforming the nation. Some two-thirds of Saudi Arabians are under 35 years of age, and there is a huge appetite for tertiary education, and the acquisition of the skill set the nation needs for its transformation. The work ethic of young people of all genders is high, and the energy manifested in the country's transformation is very impressive indeed. Why did I come to KAUST? For those unfamiliar with its journey, KAUST is an extraordinary university. Only 15 years old, it was endowed with significant resources by the late King Abdullah, with the mission to develop one of the world’s leading research-intensive universities in Saudi Arabia, using Caltech as a model. Its success has been remarkable. KAUST has attracted an international faculty, boasting a citation rate per faculty member that leads the world, along with outstanding students.
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