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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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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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War in YemenIn Yemen’s grinding war, if the bombs don’t get you, the water shortages will
For months, citizens of this war-torn country have been terrorized by bomb explosions and mortar attacks. Now another threat is growing, which could be just as deadly. Yemenis are running out of water.
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AfghanistanTaliban bombs rock Afghan parliament in brazen assault
A suicide car bomber followed by insurgents armed with rocket-propelled grenades launched an audacious attack on the Afghan parliament Monday as it was meeting to endorse a new defense minister, forcing frightened lawmakers to flee the building. The Taliban quickly claimed responsibility.
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Extremist Attacks: ISISSuicide Bombs Hit Saudi Fault Line as Islamic State Widens War
By targeting Saudi Shiites, a minority that already harbors doubts about the kingdom’s commitment to protecting them, Islamic State is striking at a fault line that runs through the world’s biggest oil exporter. In several of Saudi Arabia’s neighbors, the same sectarian divisions have already erupted into civil wars.
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YemenU.S. journalist Casey Coombs freed by Yemen’s Houthi rebels
American freelance journalist who had been held by insurgents in Yemen since last month has been freed, U.S. officials said Monday.
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