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Recent stories from sustg
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Tiger Woods Cites Busy Schedule in Declining to Play in Saudi Invitational, Defends Mickelson’s Decision to Play
Tiger Woods has declined to play in the upcoming Saudi Invitational golf tournament early next year, citing one of the busiest tour schedules for the Master’s champ in recent years, and defended the decision by Phil Mickelson and others to play. Woods said that he understood that the decision could be difficult for some athletes, […]
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Qatar, Saudi National Teams Set to Face Off in Semifinals of Gulf Cup in Doha
Qatar defeated the United Arab Emirates, 4-2, in the quarterfinals of the Gulf Cup being played in Doha, Qatar on Monday. The win advances the host country’s team to a semifinal match against Saudi Arabia on Wednesday. The match between the two teams has extra intrigue as the two nations play each other for the […]
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Crown Prince Mohammed bin Salman Begins State Visit to UAE Wednesday
Saudi Arabia’s Crown Prince Mohammed Bin Salman will start a state visit to the UAE on Wednesday, according to Al Arabiya news. During the official visit, the Saudi Crown Prince will meet Sheikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. The two leaders […]
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Saudi Arabia’s Non-Oil Private Sector Economy Reaches 4-Year High
Saudi Arabia’s non-oil private sector economy continued to expand in October, with business conditions improving at the fastest pace in four years, as output and new order growth in the kingdom gathered pace, according to reports and new data. The IHS Markit Saudi Arabia Purchasing Managers’ Index (PMI) increased to 57.8 in October 2019, the […]
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Jadwa Investment: Saudi Arabia’s 2020 Preliminary Budget Statement
A recent report by Jadwa Investment highlights the recent revisions in fiscal indicators presented by Saudi Arabia’s Ministry of Finance during its recent 2020 preliminary budget statement, noting adjustments in budgeted revenue, expenditures and more. The report notes that Saudi Arabia’s 2019’s revenue “is expected to total SR917 billion ($245 billion), in line with our forecast […]
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Future Investment Initiative 2019 Begins Tomorrow in Riyadh; Finance, Global Leaders Set to Attend
The third installment of Saudi Arabia’s mega-conference, the Future Investment Initiative (FII) will kick off tomorrow October 29th at the Ritz Carlton in Riyadh. The Kingdom is expecting to see over 6000 attendees with over 275 speakers from over 30 countries. FII is billed as an international platform for expert-led debate between global leaders, investors and […]
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Saudi Arabia Celebrates Major Progress, Accomplishments in latest ‘Ease of Doing Business’ Ranking
Saudi Arabia jumped a whopping 30 places in the annual World Bank ‘Ease of Doing Business’ report for 2020, a survey of business efficiency in 190 countries, and was the top reforming country in the study this year. The Kingdom’s ranking at 62nd in the world is the highest ranking since the bank launched its “Doing […]
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Saudi Arabia, Palestine to Set Up Joint Business Council
Saudi Arabia and the Palestinians agreed on Thursday to establish a joint economic committee and a business council, the SPA reports. Palestinian President Mahmoud Abbas visited Riyadh on Wednesday and met with King Salman and Crown Prince Mohammed bin Salman. The official Saudi Press Agency said that the leaders reached “an agreement on the establishment of a […]
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Historic Change Opens Up Saudi Arabia to Foreign Tourists, Relaxes Dress Restrictions
Saudi Arabia announced a new tourist visa scheme on Friday that will see the Kingdom open up to international leisure travelers for the first time, a historic milestone in a broader push to diversify and modernize its economy and society. Until today, visas were largely restricted to pilgrims, business travelers and expatriate workers, leaving much of Saudi Arabia – including 5 UNESCO World Heritage sites, […]
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Saudi Arabia’s Financial Sector Development Program Sees ‘Fair Level of Progress’, Report Says
A recently-released report from Jadwa Investment finds “a fair level of progress on most areas” in the Kingdom’s important Financial Sector Development program (FSDP), encouraging news for the diversification of Saudi Arabia’s economy and modernization of its financial sector. The FSDP, one of the Kingdom’s Vision 2030 ‘Vision Realization Programs’ (VRPs), aims to develop a diversified […]
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MUST-READS
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Commentary: Will Pakistan Draw Closer to Saudi Arabia to balance Iran?
There are a number of reasons — strategic concerns, economic interests, and domestic audience opinions — why Pakistan is likely to resist Saudi pressure for alignment against Iran, and instead walk a tightrope balancing between the two Gulf powers.
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Will U.S. colleges and universities see decline in Saudi-funded students?
Here's what is clear. The number of Saudis coming to intensive English programs, a first indicator of changes in enrollment patterns, is declining.
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Commentary: Will Saudi Arabia be sucked into the Syrian civil war?
To Riyadh, Syria is not "someone else's civil war", as Barack Obama once dismissively called it. If in Washington or London, or even Moscow, the Syrian civil war seems far away, then in the Middle East, and particularly for the Gulf states, Syria is the most pressing issue of the moment.
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Palestinian developer builds city of dreams, but will they come?
Rawabi, a $1.2 billion mega housing project five miles north of Ramallah, is the first-ever Palestinian planned city and was originally feted as a building block for a future state.
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How Much of Libya Does the Islamic State Control?
The group dominates a 120-mile stretch of territory extending east along the coast from the town of Sirte, seized almost entirely during 2015.
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Is Saudi Arabia winning the war against shale? Kemp
The market is not expected to rebalance until the second half of 2017, after 14 quarters of inventory builds, according to the EIA
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Are latest war games just a face-saver for Riyadh?
Saudi Arabia is hosting large-scale military training maneuvers on its northeast border to signal strength to Iran and provide substance to its proposed Islamic military alliance against Iran and terror groups. The highly publicized maneuvers also deflect attention from the stalemate in Yemen, where the Saudi-led coalition backing the ousted government is still struggling to defeat the Houthi rebels and their allies.
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Comment: Are Saudi Wahhabis Related to IS?
And scholars in Saudi Arabia say it is unfair to compare Saudi practices, carried out by a state under Islamic law, to extremists that revel in murdering, raping and enslaving anyone who disagrees with them, including Saudi Arabia.
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Electronic medical services: health risks or new hope?
Saudi Arabia has allocated $29 billion to fund 11 new hospitals and 11 additional medical centers as research shows a significant change in common health problems in the region. Other countries in MENA are also increasing their healthcare appropriations.
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A Saudi-Russian Oil Détente? Not Likely
Most oil analysts and traders were intrigued when Russia’s energy minister signaled on Jan. 28 that the Kremlin wanted to discuss oil production cuts with OPEC. After all, limiting supply may help bolster the collapsing price of crude, which is hurting all major petroleum powers. Yet no one was surprised when the Saudis didn’t jump at the chance to meet with the Russians.
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