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Al-Jubeir: ‘There Is No Doubt’ Iranian-Built Missile Shot from Yemen ‘Act of Aggression’
Saudi Arabia’s Foreign Minister Adel Al-Jubeir said that Saudi Arabia had the right to defend itself against Iran and would take “appropriate” actions to counter Iranian aggression against the Kingdom, according to an interview the foreign minister gave to CNN. On Saturday, Saudi Arabia said it intercepted a missile shot from Yemen that nearly reached Riyadh’s […]
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Saudi Arabia Takes Significant Step Toward Formal Tender for Peaceful Nuclear Power Plants
Saudi Arabia has sent a request for information (RFI) to international suppliers to build two nuclear power plants, a first step towards a formal tender, three sources told Reuters. Saudi Arabia has announced plans to extract uranium domestically as part of its nuclear power program and will start building its first nuclear reactors next year. Extracting […]
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Crown Prince Mohammed bin Salman Makes Rare Public Speaking Appearance at Conference in Riyadh, Announces New Megacity
Saudi Arabia’s Crown Prince Mohammed bin Salman made a rare public speaking appearance today at the Future Investment Initiative conference, organized by Saudi Arabia’s Public Investment Fund (PIF). The Forum in Riyadh, with attendance by chief executives of BlackRock Inc. and Blackstone Group LP and leaders from Goldman Sachs Group Inc. and J.P. Morgan Chase […]
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Keeping Track of Saudi Arabia’s Public Investment Fund’s Expanding Footprint
Saudi Arabia’s Public Investment Fund (PIF) has created a handful of new companies in several sectors in the Kingdom while investing in many others, injecting capital and a new competitor in the housing, energy, waste and recycling, tourism, transportation sectors and more. As the PIF’s role in the Saudi economy increases, critics say the mega-fund will crowd out private […]
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Goldman Sachs Head Lloyd Blankfein Visits Saudi Arabia, Calls Changes in Kingdom ‘Striking’
Goldman Sachs Group’s CEO visited Saudi Arabia this week and praised the Kingdom’s reform efforts on Twitter, calling the progress in Saudi Arabia “striking.” Lloyd Blankfein visited Saudi Arabia after speaking on a panel with the managing director of Saudi Arabia’s sovereign wealth fund, Yassir Al-Rummayan, on September 20th. In comments on that panel, Blankfein said Saudi […]
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With Historic Decree on Saudi Women Driving, An Economic and Social Game-Changer
Saudi women and champions of equal rights around the world embraced a decision by Saudi Arabia’s King Salman to allow women to drive for the first time, a landmark royal decree that will change the Kingdom’s economy and society in countless ways. Saudi Women will now be able to legally apply for their own driving licenses without having to secure […]
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‘NTP 2.0’ Keeps Key Policies and Privatization Plans in Place, Report Says
Revision to Saudi Arabia’s National Transformation Plan (NTP), dubbed ‘NTP 2.0’ that was released a year ago will keep key policies of fiscal reforms and a massive privatization program in place, sources familiar with the matter told Reuters. “It is looking increasingly unlikely that some of the targets can be hit by their 2020 deadline, however, partly […]
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Eid Mubarak from the SUSTG Team
This week marks the start of Eid al-Adha, the greater of the two Eid celebrations and one of the holiest occasions in the Islamic calendar. The SUSTG team wishes our readers and Muslims around the world a happy and blessed Eid season!
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With Hajj Beginning on Wednesday, Saudi Arabia Welcomes Millions from 178 Countries
Saudi Arabia is making final preparations and welcoming millions of pilgrims into its borders for the annual Hajj pilgrimage, which begins Wednesday and lasts until September 4. The hajj is one of the five pillars of Islam, which capable Muslims must perform at least once, marking the spiritual peak of their lives. Worshippers from over […]
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Looking East, Saudi Arabia Plans $20b Investment Fund with China, Al-Falih Says
Saudi Energy Minister Khalid al-Falih said that the Kingdom and China plan to establish and operate jointly a $20 billion investment fund, sharing costs and profits on a 50:50 basis, according to a Reuters report based on comments from the minister. H.E. Al-Falih, who is Saudi Arabia’s Minister of Energy, Industry, and Mineral Resources, was […]
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MUST-READS
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Unearthing the transformative potential of Saudi Arabia’s mining sector
Saudi Arabia’s mining sector is on the cusp of a transformative era, with the Kingdom determined to become a global leader in the industry. But have you wondered what treasures lie beneath its lands? Saudi Arabia is rich in minerals essential for various global industries. The Kingdom is transforming into a leading exporter of diverse energy types, shifting away from its traditional role as an oil producer.
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Saudi hails kingdom’s first female Olympic swimmer Mashael Alayed
Saudi dignitaries on Sunday hailed the performance of Mashael Alayed, the first female swimmer from the kingdom to compete in an Olympics. The 17-year-old is the only female swimmer in the delegation and smashed her personal best to come sixth of seven in her 200 metres freestyle heat. Female athletes were for many years an untapped reservoir of talent in the conservative Islamic state, with girls banned from participating in sport at public schools until 2017 and women not allowed into sports stadiums until the following year.
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Saudi Arabia plans 92,000-capacity stadium in Riyadh
Saudi Arabia said on Sunday it plans to build a 92,000-capacity stadium in Riyadh that can host major international events, with the kingdom looking set to win the right to host the 2034 World Cup. The Saudi sports ministry unveiled the approved design for the stadium, which is scheduled to be completed in the fourth quarter of 2029, according to the state news agency SPA. The stadium is set to serve as the main base of the Saudi national team and will be part of a sports complex featuring an indoor sports hall, an Olympic-sized pool and other facilities. It will be named after Saudi King Salman.
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External Scholarships In Saudi Arabia – Study in Saudi Platform
The Kingdom of Saudi Arabia offers a range of External Scholarships for international students through the Study in Saudi Arabia platform. These scholarships are hosted by various Saudi universities. The duration of these scholarships typically aligns with the length of the chosen academic program.
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Average life expectancy in Saudi Arabia rises to 77.6 years
The report reveals a notable increase in average life expectancy in the Kingdom, which has risen to 77.6 years. This improvement is attributed to a series of health enhancements and initiatives, including the adoption of health promotion policies across all aspects of life, the promotion of walking culture, reduction of salt in foods, calorie disclosure, and the elimination of trans fats, along with efforts to enhance healthcare services and strengthen health risk prevention.
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Saudi Arabia Registers ‘Cultural Landscape of Al-Faw Archaeological Area’ on UNESCO World Heritage List
The Saudi Minister of Culture, Chairman of the Heritage Commission, and Chairman of the National Committee for Education, Culture, and Science, Prince Badr bin Abdullah bin Farhan, has announced that the Kingdom successfully inscribed the Cultural Landscape of Al-Faw Archaeological Area in the Riyadh Region on the UNESCO World Heritage List as a cultural site of outstanding universal value to humanity.
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Saudi Arabia’s Bahri reports 15% jump in Q2 revenue on year on oil, chemicals
The National Shipping Co. of Saudi Arabia, or Bahri, attributed a 15% year-on-year increase in revenue in the second quarter to better oil and chemicals shipping rates and larger chemicals, dry bulk and logistics volumes, it said in second quarter results released July 28.
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Saudi Arabia launches seasonal markets system for date trading
The National Center for Palms and Dates, in collaboration with the Ministry of Environment, Water, and Agriculture, has announced the launch of the Seasonal Markets System, a mandatory electronic platform designed to regulate and organize the trading of dates in seasonal markets. The system aims to enhance the efficiency and quality of market data across all regions of the Kingdom, requiring registration for anyone looking to sell, buy, or market dates.
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Saudi Arabia joins 80 countries in historic deal on e-commerce
About 80 countries including Saudi Arabia reached a historic agreement on Friday on rules governing global digital commerce, including recognition of e-signatures and protection against online fraud. “We negotiated the first global rules on digital trade,” EU trade chief Valdis Dombrovskis said after the deal in Geneva following five years of negotiations.“This will facilitate e-transactions, boost innovation, and integrate developing countries into the digital economy,” he said.
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Jon Rahm wins LIV Golf UK for his 1st victory on the Saudi-funded tour
Jon Rahm won LIV Golf UK on Sunday for his first victory on the Saudi-funded tour when Legion XIII teammate Tyrrell Hatton three-putted his final hole for a bogey. Rahm closed with a 4-under 68 to finish at 13 under at JCB Golf & Country Club, a stroke ahead of Hatton (69), season points leader Joaquin-Niemann (65) and defending champion Cameron-Smith (69).
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