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Recent stories from sustg
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Regional HQ Executives to get Premium Residency Under New Government Scheme to Boost Investment
- October 10,2023
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- SUSTG Team
Saudi Arabia’s Ministry of Investment has developed a mechanism to grant premium residency to executives who base their company’s regional headquarters in the Kingdom, according to reports, in a bid to boost the business environment in the Kingdom and attract more foreign investment.
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Saudi Aramco expands into LNG by buying stake worth $500m in MidOcean Energy
- September 29,2023
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- SUSTG Team
Saudi Aramco, the world’s largest oil-exporting company, has signed a $500 million agreement to buy a minority stake in liquefied natural gas (LNG) company MidOcean Energy. This is Aramco’s first investment in LNG and is part of the company’s efforts to diversify its activity beyond its core oil business. The strategic partnership enables Aramco to tap into […]
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KSA Climbs to 16th in World Competitiveness Ranking
- June 19,2024
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- SUSTG Team
Saudi Arabia advanced to 16th place in the World Competitiveness Ranking 2024, issued by the World Competitiveness Center of the International Institute for Management Development. Saudi Arabia ranked fourth among the G20 countries, supported by improved business legislation and infrastructure.
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Nusuk pilgrim card launched
- May 3,2024
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- SUSTG Team
With the 2024 Hajj expected to begin June 14, Minister of Hajj and Umrah Dr. Tawfiq Al-Rabiah released the Nusuk card by presenting its copy to Indonesian Minister of Religious Affairs Yaqut Cholil Qoumas in Jakarta on Tuesday, April 30, during his official visit to Indonesia.
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Saudi Arabia Condemns Two Deadly “Terrorist” Explosions in Iran; Islamic State Claims Responsibility
- January 4,2024
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- SUSTG Team
Saudi Arabia has condemned two deadly explosions in Iran at a ceremonial procession that killed and injured hundreds and put the region on edge. The explosions struck minutes apart on Wednesday, shaking the city of Kerman, about 820 kilometers southeast of the capital, Tehran.
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Shares of oil and gas driller ADES Holding Climbed Almost 30% above its listing price on its market debut in Riyadh
- October 11,2023
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- SUSTG Team
Shares of oil and gas driller ADES Holding climbed almost 30% above its listing price on its market debut in Riyadh on Wednesday after raising $1.22 billion in an initial public offering last month, according to Reuters.
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As Tourism Sector in Saudi Arabia Soars, Officials Revise Upward Visitor Goals
- September 28,2023
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- SUSTG Team
As the tourism sector continues to outperform in Saudi Arabia, Saudi Arabia’s top officials are revising upward its visitor goals from previously targeted levels which were once considered by some to be unachievable when originally set forth.
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The 966 Episode #131, How growing Saudi sports participation is impacting Saudi fashion, with Reiting Lee, Founder, The Oriental Hybrid
- June 17,2024
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- SUSTG Team
Reiting Lee, fashion strategy consultant and experienced brand specialist joins The 966 and host Richard Wilson for a fascinating Episode #131 to discuss how booming Saudi sports participation is impacting the fashion sector, particularly sportswear and athleisure.
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10th Saudi Film Festival Underway
- May 2,2024
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- SUSTG Team
The 10th Saudi Film Festival runs May 2-9 at the King Abdulaziz Center for World Culture (Ithra) in Dhahran. Debuting in 2008 this year’s edition has two main themes: Indian cinema and sci-fi films.
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Secretary Blinken to Visit Saudi Arabia on Regional Diplomatic Tour to Contain Regional Spread of Violence
- January 5,2024
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- SUSTG Team
U.S. Secretary of State Antony J. Blinken will travel to the Middle East region this week to “discuss urgent mechanisms to stem violence, calm rhetoric, and reduce regional tensions,” according to a press release from the State Department. The State Department said that Blinken will visit Istanbul, Türkiye; Crete, Greece; Amman, Jordan; Doha, Qatar; Abu Dhabi, the […]
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MUST-READS
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BahrainBahrain recalls Iraq ambassador over embassy attack
More than 200 demonstrators broke into the courtyard of Bahrain’s Embassy in Baghdad and took down the kingdom’s flag on Thursday night to protest a US-led meeting in Bahrain on Israeli-Palestinian peace.
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Israel-PalestineIn Bahrain, Gaza Is Pitched as a ‘Hot I.P.O.’ Many Palestinians Aren’t Buying It.
Judged on its own terms, the White House-led conference on improving the lives of Palestinians, staged this week in Bahrain as the first step toward a long-promised American peace plan, was a smashing success. It proved that the Israel-Palestinian conflict “actually is a solvable problem, economically,” Jared Kushner, the president’s son-in-law and senior adviser, declared proudly — though that proposition was never actually in doubt.
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Trump Peace PlanPalestinians double down on Bahrain conference boycott after first unveiling of Kushner’s plan
“If they really care about the Palestinian economy they should start by lifting the siege of Gaza, stopping Israel stealing our money and our resources and our land and opening up our territorial waters, our air space and our borders so we can freely export and import,” Ahsrawi said.
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Peace to ProsperityThe Bahrain meeting: A chance for Israel-Gulf rapprochement? ael
Analysts say improved ties between Israel and Arab countries cannot take place in the absence of a tangible progress to defuse the decades-long Palestinian-Israeli conflict.
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Bahrain ConferenceWhy Jared Kushner’s Bahrain Conference Won’t Do Much for the Palestinian Economy
Workshop discussions, according to a buoyant White House statement, will facilitate “an ambitious, achievable vision and framework for a prosperous future for the Palestinian people and the region,” including “rapid private-sector growth.”
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Peace to ProsperityFor Jordan, Bahrain is perilous balancing act
Torn between its allies abroad and stability at home, Jordan is crafting a finely-tuned position: participate to advocate.
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Middle East PeaceOpinion: Bahrain workshop on Palestinian economy is the opportunity of a generation
This is exciting -- an opportunity of a generation. We are grateful to the Kingdom of Bahrain for extending the invitation to us to host the June 25 and 26 workshop with them for the benefit of Palestinians and others in the region, offering us a unique opportunity to communicate our economic vision.
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U.S. Arms SalesUS Senate upholds arms sales to Bahrain, Qatar
The vote on Bahrain was 43-56 and Qatar 42-57, after Senate Majority Leader Mitch McConnell, R-Ky., and Senate Armed Services Committee Chairman Jim Inhofe, R-Okla., announced their opposition Thursday. The White House earlier this week threatened to veto the measures.
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BahrainBahrain is sinking a Boeing 747 for an underwater theme park
What's the most extreme theme park in the world? There are quite a few that can be added to the list. Bahrain however, wants to top all of them. They're actually sinking a Boeing 747 airplane for a new underwater theme park. But to visit, you're definitely going to need a diving license.
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Israel-PalestineWhy Palestinians are rejecting Trump’s Bahrain workshop
President Donald Trump's plan for an international workshop to focus on investment in the Palestinian economy comes at a time when that economy is struggling.
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