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Recent stories from sustg
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Saudi Arabia’a Allocating $267 Million to Intellectual Property Strategy, a Sign That Kingdom is ‘Prioritizing a Knowledge-Based Economy’
- October 12,2023
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- SUSTG Team
The allocation of $267 million to the Intellectual Property Strategy is a signal that Saudi Arabia is “prioritizing a knowledge-based economy,” according to an item in the International Intellectual Property Law Association website.
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Lucid Opens First-Ever Auto Plant in Saudi Arabia
- September 27,2023
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- SUSTG Team
Lucid has opened the first ever car manufacturing plant in Saudi Arabia at the King Abdullah Economic City as the kingdom looks to establish itself as a global player in the EV race.
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Hajj 2024 in numbers: Annual pilgrimage draws over 1.83 million worshipers
- June 17,2024
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- SUSTG Team
Saudi Arabia’s General Authority for Statistics (GASTAT) released the official figures for this year’s Hajj season.
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PIF and BlackRock Launch $5bn Investment Fund
- May 1,2024
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- SUSTG Team
BlackRock and Public Investment Fund signed a non-binding MOU that calls for the sovereign fund to invest up to $5bn in stages as the new firm hits agreed milestones. Investments will provide capital for a variety of funds invested in public equities and bonds as well as alternative assets.
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The 966 Episode 117: Saudis are optimistic, but what does 2024 have in store for Saudi Arabia and the Middle East?
- January 8,2024
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- SUSTG Team
The 966 hosts kick off the new year after a refreshing holiday break following a successful year for the podcast in which the growth of the audience more than doubled across all platforms, and in some cases, grew significantly more than that! The team thanks all of its listeners and viewers for tuning in each […]
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What the Israel-Hamas War Means for Saudi Arabia and the Middle East
- October 13,2023
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- SUSTG Team
Hamas’ horrific and stunning attack in Israel last week has upended the status quo in the region. With Israel now retaliating in Gaza, bombing an already desperate populace in the Gaza strip, leaving hundreds of thousands of people homeless there, and with thousands dead and injured on both sides, the war has thrown the Levant […]
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Saudi Arabia Sends Envoy to West Bank as Progress in Talks with Israel Gather Pace
- September 26,2023
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- SUSTG Team
Saudi Arabia, which has engaged in U.S.-brokered talks with Israel to potentially normalize relations, Tuesday sent a delegation to the occupied West Bank for the first time in three decades, VOA reports.
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Eid Mubarak from The SUSTG Review, SUSTG Weekend and The 966
- June 13,2024
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- SUSTG Team
The Saudi-US Trade Group which produces the SUSTG Review, SUSTG Weekend and The 966 podcast wishes peace, happiness and health to all on the occasion of Eid Al-Adha 2024 (1445 AH)
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Saudi Space Agency and WEF Establish Space C4IR Center
- April 30,2024
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- SUSTG Team
The World Economic Forum has signed an agreement with the Saudi Space Agency to establish a Centre for the Fourth Industrial Revolution (C4IR) focused on space. The Centre for Space Futures, set to open in autumn 2024, will be hosted by the Saudi Space Agency.
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Saudi Arabia Issues $12 Billion Bond
- January 9,2024
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- SUSTG Team
Saudi Arabia sold $12 billion of bonds — its largest deal since 2017 — amid a record start to a year for emerging-market countries, according to a report in Bloomberg.
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MUST-READS
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BahrainStart-up of Bahrain LNG import terminal delayed to Q3
The start-up of the Bahrain liquefied natural gas (LNG) import terminal has been delayed to the third quarter this year from May, Teekay LNG Partners , which owns a share in the terminal, said in its financial results on Thursday. Teekay said the terminal is still under construction, which has delayed the beginning of operations until Q3.
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BahrainBahrain Is Set to Receive $2.3 Billion From Allies in 2019
Bahrain said it will receive about $2.3 billion this year from a five-year support package provided by its Gulf Arab allies as the island-kingdom seeks to reduce its budget deficit and debt.
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BahrainBahrain ditches subsidy reform plan as political tensions simmer
Bahrain has scrapped a plan to reform its cumbersome subsidy system, officials said on Tuesday, as authorities worry it could trigger more unrest in the Gulf island and complicate government efforts to repair public finances.
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QatarBahrain premier calls Qatar ruler, rare contact amid dispute
Bahrain's long-serving prime minister has called Qatar's emir to mark the start of the holy month of Ramadan in a rare contact between Doha and the countries boycotting it.
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BahrainBahrain’s king reinstates citizenship of 551 tried in courts
At least 990 Bahrainis have reportedly lost their citizenship through court decisions or executive orders since 2012. Most have been left effectively stateless, and some have been deported.
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GIBBahrain’s GIB completes conversion of Saudi branches into local bank
Gulf International Bank (GIB) has completed the conversion of its Saudi Arabia branches into a locally incorporated bank, the first time that a foreign bank in the Kingdom has become locally incorporated.
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BahrainBahrain’s GIB Establishes Saudi Arm With $2 Billion Capital
Bahrain-based Gulf International Bank converted its Saudi operation into a locally incorporated bank with 7.5 billion riyals ($2 billion) capital, as the lender looks to boost its presence in the kingdom.
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Saudi-BahrainSaudi King Salman visits Bahrain
Saudi Arabia’s King Salman visited Bahrain, a key ally and recipient of a $10 billion (7.5 billion pounds) Gulf state bailout, on Wednesday to discuss bilateral relations and regional developments, Bahraini and Saudi state media said.
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BahrainKuwait inks financial aid agreement for Bahrain
Kuwait signed an agreement to support Bahrain’s economy as part of a series of fiscal reforms Bahrain has embarked on last year, Kuwait’s finance ministry said on Tuesday, formalizing a previously agreed package.
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BahrainBailed-out Bahrain has little room for maneuver in economy reboot
As the weekend kicks off in Bahrain, Saudi Arabian and Kuwaiti cars jam the capital’s roads and hotel lobbies fill with visitors looking for bars, restaurants and other night-time entertainment.
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