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Recent stories from sustg
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Saudi Arabia’s Non-Oil GDP Expected to Grow by 6% in 2023, Finance Minister Al-Jadaan Says at FII
- October 26,2023
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- SUSTG Team
Saudi Arabia’s Finance Minister Mohammed Al-Jadaan addressed Saudi Arabia’s economy and fiscal situation in 2023 and beyond during his speech at the FII in Riyadh, noting that Saudi Arabia’s non-oil gross domestic product (GDP) is expected to grow by around 6% this year and said it would continue to see similarly healthy growth in the years ahead.
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Inaugural AlUla World Archaeology Summit Kicks Off in Saudi Arabia with Leading Heritage Experts in Attendance
- September 13,2023
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- SUSTG Team
From Sept. 13 to 15, Saudi Arabia will host the inaugural AlUla World Archaeology Summit in the Kingdom, organized by the Royal Commission for AlUla and taking place in AlUla’s Maraya Concert Hall.
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The 966 Episode #130, What You Need to Know to Establish a Business in Saudi Arabia, with Saeed Al-Ansari, CEO, Tawaref
- June 2,2024
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- SUSTG Team
Saeed Al-Ansari, Founder and CEO of Tawaref, a Saudi Arabia-based tech investment community that also provides startup advisory, legal consultancy and due diligence support joins Richard Wilson on The 966 [Episode #130] for an exceptionally informative episode on what you need to know to establish a presence in KSA.
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Saudi Arabia Moves Closer to $1 Billion stake in a Pakistani mine – Report
- April 18,2024
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- SUSTG Team
Saudi Arabia is moving closer to a potential deal to acquire a minority stake in a Pakistan mine controlled by Barrick Gold Corp., people with knowledge of the matter told Bloomberg.
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Saudi Real Estate Prices to Rise 25-40%, Premium Residency a Unique Opportunity – Al Rahji Executive
- January 23,2024
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- SUSTG Team
A Sales Director at Al Rajhi Investment Co. said real estate prices in Saudi Arabia are likely to rise by 25% to 40% in the coming period, Asharq News reported.
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The 966 talks with Mohammed Ghazi and Abdulhadi Azouz, the two guys behind Saudi Arabia’s hottest drone and aerial film production company
- October 27,2023
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- SUSTG Team
Chances are if you’ve seen any of the high-quality, professionally-produced promotional videos from Saudi government authorities or leading Saudi companies anywhere online, you’ve seen some incredible drone footage of Saudi Arabia. The 966 welcomes on to the program for Episode 109 Mohammed Ghazi and Abdulhadi Azouz from the aerial drone production company AZAerials, which films many of these amazing shots for high-profile […]
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Saudi Arabia’s Crown Prince Mohammed bin Salman Arrives in Oman after G20 Summit in India
- September 12,2023
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- SUSTG Team
Saudi Crown Prince Mohammed bin Salman arrived in Oman in a private visit after traveling to the G20 meeting in India, according to reports.
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Deals Flow at Third Annual Future Aviation Forum
- May 28,2024
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- SUSTG Team
Organized by Saudi Arabia’s General Authority of Civil Aviation (GACA), the third edition of the Future Aviation Forum, saw the signing of 102 MOUs, agreements and deals totaling over $21 billion along with numerous investment offers in the Saudi aviation sector valued at $100 billion.
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Saudi defense minister receives phone call from US counterpart; Kingdom denies role in shooting down Iranian attack
- April 16,2024
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- SUSTG Team
Saudi Minister of Defense Prince Khalid bin Salman received on Sunday a phone call from U.S. Secretary of Defense Lloyd Austin, according to reports.
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Saudi Arabia is Set to Open the Country’s First Liquor Store in Major Shift
- January 24,2024
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- SUSTG Team
Saudi Arabia is set to open the country’s first liquor store, catering exclusively to diplomats, breaking with decades of strict alcohol prohibition in the kingdom and creating a pathway for greater access to alcohol for non-Muslims in the near future, Reuters reports.
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MUST-READS
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Gulf AviationBahrain, UAE say Qatari jets interfering with their flights
Authorities in Bahrain and the United Arab Emirates are again accusing Qatari military jets of interfering with their flights, amid the Arab countries' boycott of the energy-rich Gulf nation.
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BahrainBahrain counts on fintech, Saudi ties to revive indebted economy
In smart new offices with Gulf views, a dozen firms work on digital currencies, blockchain-based payments and other financial technology.
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Qatar CrisisSaudi Arabia, UAE, Bahrain withdraw from Qatar-hosted Gulf Cup amid crisis
Gulf Cup organizers said Thursday that Saudi Arabia, United Arab Emirates and Bahrain had “withdrawn” from the Qatar-hosted tournament, amid a political crisis between the neighbors.
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BahrainBahrain calls pipeline blast ‘terrorism’ linked to Iran
Bahrain said an explosion which caused a fire at its main oil pipeline on Friday was caused by “terrorist” sabotage, linking the unprecedented attack to its arch-foe Iran, which denies any role in the Gulf island kingdom’s unrest.
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BahrainBahrain’s Path to Economic Reform: One Size Does Not Fit All
Bahrain has come under recent pressure because of its dwindling foreign reserve assets, or, more accurately, its pattern of debt-fueled deposits to the Central Bank of Bahrain that are then quickly depleted.
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BahrainBahrain Asks Gulf Allies for Aid to Stave Off Crisis
Bahrain has asked Gulf allies for financial assistance as it seeks to replenish its foreign-exchange reserves and avert a currency devaluation that could reverberate across the region, according to people with knowledge of the talks.
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BahrainBahrain Convicts Activist’s Family Members, Militant Suspects
A Bahrain court sentenced three family members of a prominent activist to jail terms on weapons charges Monday, rights group the Bahrain Institute for Rights and Democracy (BIRD) said and accused authorities of using torture to extract confessions.
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BahrainBahrain’s debt levels and associated costs need a check
With regards to public finance, the budgetary shortage for fiscal years 2017 and 2018 is a matter of concern. The 2017 budget project expenditures of $9.2 billion and revenues of $5.8 billion, for a deficit of $3.4 billion and around 11 per cent of GDP. Bahrain’s gross domestic product is at around $32 billion.
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BahrainBahrain goes public with shifting stance on Israel
It has been almost two full days since the declaration of the Bahraini king went public and, so far, no denial has been circulated.
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U.S.-BahrainUS approves $3.8B in arms sales to Bahrain
The State Department approved a more than $3.8 billion arms deal for Bahrain on Friday, according to Pentagon officials. The Pentagon said the proposed sales include fighter jets worth up to $2.7 billion and $1.8 billion in upgrades to Bahrain's F-16 fleet, Reuters reported.
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