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Recent stories from sustg
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U.S. Continues Campaign to Secure Critical Red Sea Trading Route with Terrorist Designation for Houthi Groups
- January 18,2024
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- SUSTG Team
The U.S. government on Wednesday returned the Yemen-based Houthi rebels to a list of terrorist groups as Washington seeks to halt attacks on international shipping in the Red Sea, according to a report in Reuters.
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Saudi Arabia Establishes ‘Esports World Cup’ with Competition in Globally Popular Games, Major Prize Pool
- October 24,2023
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- SUSTG Team
Saudi Arabia has announced the launch of the Esports World Cup, an annual event that will include the most popular games in the world and have a prize pool of $10 million, according to reports.
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King Salman’s pivotal role in Saudi Arabia’s past and present with author and columnist David Rundell; plus, archaeology in Al Ula, Wa’ed’s new investment, and more…
- September 15,2023
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- SUSTG Team
Author David Rundell joins to discuss King Salman’s incredible impact on Saudi Arabia. King Salman has played an enormously pivotal role for the Kingdom of Saudi Arabia and the development of the modern Saudi state. Before the conversation, the hosts discuss an archaeology summit taking place in Al Ula this week, an interesting and exciting […]
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Aramco Share Sale Nets $12 Billion
- June 5,2024
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- SUSTG Team
This is Aramco’s second share sale after it first entered public markets in 2019 offering 1.5% of the company and raising a record $29.4 billion, history’s largest IPO to date. Aramco is the world’s largest oil company in terms of both daily crude production and market cap.
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IMF Sees OPEC+ Turn on Oil Production as Boon for Saudi Economy in 2025 – Report
- April 19,2024
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- SUSTG Team
The International Monetary Fund said it expects OPEC and its partners to start increasing oil output gradually from July, “a transition that’s set to catapult Saudi Arabia back into the ranks of the world’s fastest-growing economies next year,” according to a report in Bloomberg. “We are assuming the full reversal of cuts is happening at the beginning of 2025,” […]
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Innovative Prince Mohammed Bin Salman Stadium in Qiddiya, Saudi Arabia Departs from Stadium Design Norms
- January 19,2024
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- SUSTG Team
A new and innovative stadium design at Qiddiya, the entertainment mega-city outside of Saudi Arabia’s capital Riyadh, is set to provide a fresh take on design for sports and entertainment venues.
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President Biden, Saudi Crown Prince Mohammed bin Salman Hold Call to Discuss Israel-Hamas War Diplomacy
- October 25,2023
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- SUSTG Team
U.S. President Joe Biden and Saudi Arabian Crown Prince Mohamed bin Salman on Tuesday discussed efforts to prevent the Israel-Hamas conflict from widening, the White House said.
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US, Bahrain Sign Strategic Security and Economic Agreement in Potential Model for Other Regional States
- September 14,2023
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- SUSTG Team
The US and Bahrain have upgraded their defense relationship under a new security and economic relationship which U.S. Secretary of State Antony Blinken said would expand defense and intelligence collaboration between the two countries, Reuters reports.
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KSA Hosts 2024 World Environment Day
- June 4,2024
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- SUSTG Team
Saudi Arabia is hosting the 2024 World Environment Day on June 5 and the upcoming 16th Conference of the Parties of the UN Convention to Combat Desertification and Drought (COP16) in December 2024.
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Prospects for Saudi Arabia hitting 2030 Renewable Energy Targets
- April 19,2024
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- SUSTG Team
In 2016 Saudi Arabia’s Vision 2030 had an initial target of deploying 9.5GW of green energy by 2030. The latest revision made in 2023 targets 130GW of renewable power capacity by 2030. GlobalData, a leading data and analytics company, says the Kingdom can come close to that target.
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MUST-READS
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Anti-ISIS CampaignPentagon Running Low on Smart Bombs for ISIS Campaign
President Barack Obama will ask Congress next week to approve $1.8 billion to buy 45,000 new bombs. The spending request is part of $7.5 billion the Pentagon says it will need to bomb ISIS and train Iraqi security forces in 2017.
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Anti-ISIS CampaignUS bombs ‘millions’ in ISIS currency stock
In an extremely unusual airstrike, the U.S. dropped bombs Sunday in central Mosul, Iraq, destroying a building containing huge amounts of cash ISIS was using to pay its troops and for ongoing operations, two U.S. defense officials told CNN.
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Saudi DebtSaudi Debt Risk Climbs as Oil Slides
Investors wanting to take out insurance on Saudi Arabia’s debt have to pay as much as they would for Portugal, a nation still saddled with a junk credit-rating five years after an international bailout.
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Syria: RussiaAs US Bombs ISIS, Be Wary of Moscow’s Spies
But ISIS operates no offensive aircraft, and in any case, the Syrian government already has plenty of air defense systems of its own. So what are the SA-22s doing there?
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Anti-ISIS Campaign: SyriaU.S. bombs ISIS oil trucks, looking to strangle revenue
On Monday, U.S. A-10 attack planes and AC-130 gunships attacked a fleet of trucks Islamic State has been using to smuggle oil out of Syria, a major source of income for the militant group.
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U.S.-SaudiU.S. Said to Approve Selling Saudis $1.29 Billion in Smart Bombs
Anthony Capaccio ACapaccio
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Interbank LendingSaudi Arabian Interbank Lending Rate Climbs to Six-Year High
A key interest rate in Saudi Arabia, the biggest Arab economy, rose to its highest in six years as liquidity at banks tightens amid the plunge in oil prices.
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SyriaIran troops to join Syria war, Russia bombs group trained by CIA
Hundreds of Iranian troops have arrived in Syria to join a major ground offensive in support of President Bashar al-Assad's government, Lebanese sources said on Thursday, a sign the civil war is turning still more regional and global in scope.
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YemenBombs at mosque in Yemen’s capital kill at least 20 people
An Islamic State-claimed suicide bomber and a subsequent car bombing killed at least 20 people Wednesday at a mosque in Yemen's rebel-held capital, Sanaa, amid the country's raging civil war, officials said.
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War in Yemen: Drug SmugglingHash Highway to Saudi Arabia Dries Up as Coalition Bombs Yemen
The 1,100-mile border between Yemen and Saudi Arabia -- similar to that between Mexico and the U.S. -- is described by Western security officials as the hash highway. The region’s poorest country, Yemen has a weak central government and poorly trained police, so traffickers move with near impunity. Saudi Arabia has long struggled with its drug trade and the thousands of East Africans and Yemenis who work as smugglers.
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