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Recent stories from sustg
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Saudi Arabia Raises Minimum Wage for Citizens by 33% after Labor Reform Announcement
Saudi Arabia will raise the minimum wage for its citizens from 3,000 riyals ($800) to 4,000 riyals ($1,066), a 33 percent increase, the Kingdom’s Ministry of Human Resources and Social Development announced last week. Set to take effect five months from the announcement date of Wednesday, November 18th, the increase is substantial for Saudi workers.
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Saudi Arabia Will Host a Formula One Race Next Year for the First Time
Saudi Arabia will host a Formula One race next year, a move aimed at boosting tourism, sports and entertainment in the Kingdom, according to reports.
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Saudi Aramco, SABIC ‘Reassess’ $20b Crude-Oil-To-Chemicals Project — Reports
Saudi Aramco and Saudi Basic Industries Corporation (SABIC) have decided to re-evaluate their $20 billion crude-oil-to-chemicals project and are now looking at integrating existing facilities instead, in a move to save costs in the face of lower oil prices, according to Reuters.
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Saudi Arabia Bids to Host 2030 Asian Games in Riyadh
Saudi Arabia’s sports minister Prince Abdulaziz bin Turki Al-Faisal on Sunday launched the Kingdom’s official campaign to help secure enough votes from members of the Olympic Council of Asia (OCA) to host the 21st Asian Games in 2030, according to reports.
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Saudi Tourism Development Fund Inks Deal with Riyadh Bank, Banque Saudi Fransi for $43 Billion of Projects
Saudi Arabia’s Tourism Development Fund signed an agreement with Riyadh Bank and Banque Saudi Fransi to finance up to 160 billion riyals ($43 billion) of tourism projects in the kingdom, state news agency SPA reported.
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Saudi Arabia Confirms G20 will be Held Virtually on November 21-22
The G20 leaders summit will be held virtually on Nov. 21-22, Saudi Arabia said on Monday, in a blow to the Kingdom’s hopes of hosting the gathering in-person in Saudi Arabia, according to a statement.
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Road to the G20: 2-Day Science-focused S20 Summit Begins Today
Saudi Arabia today convenes the S20 engagement group of the G20 nations, a science-focused group lead this year by the King Abdullah University of Science and Technology (KAUST) in Thuwal, Jeddah.
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Road to the G20: L20 Summit, Focused on Workers and Labor, Emphasizes Inclusion of Women and Youth
On the 7th and 8th of September, the Labor 20 engagement group launched its Saudi L20 Summit, titled “A New Social Contract for Recovery and Resilience,” which was held in the Saudi capital Riyadh in accordance with COVID-19 safety measures, and was streamed online to allow the participation of international speakers and audience.
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Netflix, Saudi Animation Studio Myrkott Sign 5-Year Deal for New Saudi-Focused Shows and Films
Global content powerhouse Netflix has signed a 5-year deal with a Saudi animation studio to produce Saudi-focused content for the platform, according to reports.
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Report: Saudi Binladen Group Seeks to Accelerate Corporate-Debt Revamp
Troubled construction giant Saudi Binladin Group (SBG) plans to hire additional advisers “to accelerate one of the Middle East’s biggest corporate-debt revamps and tackle its estimated $15 billion debt pile,” Bloomberg reports.
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MUST-READS
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Why are efforts to counter al-Shabab falling so flat?
Despite internal and external threats to its effective functioning, al-Shabab is on the upswing again
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Perspective: “Why did the Westerners fail to understand the “new Saudi Arabia?”
We can therefore say that the segments trying to study the new Saudi action have started to realize that a state enjoying the Kingdom’s size, depth and Islamic, Arab and international weight, cannot link its fate to any alliance, no matter how essential or influential it may be
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How Should the World Respond to Terrorism?
We invert the classic Q&A to explore the complexities influencing global responses to terrorism today
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Is It Game Over for Coal?
But Obama’s impact on the coal industry has been assisted by the fact that natural gas is cheap and plentiful. EIA predicts U.S. coal production will decrease by another 12 percent this year, the greatest annual percentage decline since 1958. As Hitt puts it, “It’s the way the world is moving.”
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What’s Left of Syria’s Ancient City of Palmyra?
Syrian government forces (with a little help from Russia) battled for and recaptured the ancient city of Palmyra from the grip of ISIS this weekend.
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Qatar Wants to Buy Dozens of U.S. Warplanes. Why Won’t Washington Sell Them?
The potential deal for up to 73 F-15E Strike Eagle fighter jets, worth billions of dollars, has been on the table for more than two years.
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Is Iran becoming a major regional arms producer?
The Joint Comprehensive Plan of Action (JCPOA) stipulates that Iran will until October 2020 be barred from conventional weapons trade, without first obtaining authorization from the United Nations Security Council.
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Saudi Snub at the Nuclear Summit?
Ironically, Dr. Yamani, who holds a PhD in physics from Harvard, may be one of the only representatives who is technically familiar with the summit's subject matter
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Water bills too expensive? Dig a well, says Saudi minister
Saudi Arabia’s Water and Electricity Minister has told consumers that they should apply for permits to dig wells if they are unhappy over the rising cost of their water bills. Arab News reported that Abdullah Al Hussayen had made the suggestion after an increased number of complaints from members of the public.
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Trump says he would halt oil imports from Saudi Arabia, but could the US survive without them?
However, assuming that a president Trump could somehow marshall the political capital to impose an embargo on Saudi crude, the possible costs would go far beyond that of oil. For example, how comfortable would the US be if Saudi Arabia were to retaliate by dumping its unknown but certainly sizable Treasury debt holdings or cutting off a lucrative market for US weapons manufacturers?
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