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Saudi Arabia was The Second-Largest Arms Importer in the World from 2019 to 2023 — SIPRI DATA
- March 12,2024
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- SUSTG Team
Saudi Arabia was the second-largest arms importer in the world from 2019 to 2023, accounting for 8.4% of all imports, according to recent data from the Stockholm International Peace Research Institute’s (SIPRI).
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Gidori, a New Private Golf-Focused Community and Destination at NEOM, Announced with A Focus on Lush Landscaping
- March 11,2024
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- SUSTG Team
The Board of Directors of NEOM has announced Gidori – an exclusive private golf community set amidst the breathtaking coastal hills of the Gulf of Aqaba – as the latest addition to NEOM, the evolving regional development in northwest Saudi Arabia, according to a press release.
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Ramadan Fasting Projected to Begin March 11, Muslims Worldwide Prepare
- March 8,2024
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- SUSTG Team
Based on the Islamic lunar calendar, the dates for Ramadan move through the year which can result in significantly different daily fasting periods depending on where you live. Since there are 12 lunar months superimposed over 12 solar months, Ramadan “moves back” about 11 days per solar year.
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Saudi Arabia Transfers 8% of Aramco to Kingdom’s Public Investment Fund
- March 7,2024
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- SUSTG Team
Saudi Arabia has moved a roughly $160 billion stake in its state oil giant Aramco into its main sovereign wealth fund, the Public Investment Fund, according to a report in the Wall Street Journal.
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New Imagery Released of F1 Circuit at Forthcoming Entertainment City Qiddiya
- March 6,2024
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- SUSTG Team
Saudi Arabia has released computer-generated images of its planned new racing circuit in the forthcoming mega entertainment project Qiddiya, which will feature a 20-story-high elevated first corner and a swimming pool overlooking a section of track, according to reports.
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Saudi PIF, Bahraini Counterpart Mumtalakat Sign Agreement to Boost Cooperation and Investment
- March 5,2024
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) and its Bahrani counterpart, Mumtalakat, have signed a memorandum of understanding (MoU) to expand cooperation and enable new and promising investment opportunities in Bahrain.
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Israel, Gaza, and a region with shifting power dynamics with columnist Hussein Ibish
- March 4,2024
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- SUSTG Team
In Episode 125, the hosts welcome veteran columnist and analyst Hussein Ibish onto The 966 for his third appearance on the program to unpack the implications of Israel’s brutal war in Gaza and the shifting regional and global power dynamics since October 7th.
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Report Says Saudi Arabia Seeing a Surge in Demand for Cybersecurity Specialists
- March 1,2024
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- SUSTG Team
Saudi Arabia has seen a surge in demand for cybersecurity specialists amid growing concerns about cyber threats within the Kingdom, according to a recent report by security software company Qrator Labs.
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Human Capability Initiative Conference in Riyadh Concludes with Goal of Increasing Employment Rate in New Industries
- February 29,2024
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- SUSTG Team
The Human Capability Initiative (HCI) Conference launched this week in Riyadh at the King Abdulaziz International Convention Center under the patronage of Crown Prince Mohammed bin Salman with the goal of boosting human capital in the Kingdom.
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Riyadh Air Makes Waves at Aviation Festival of Asia 2024
- February 28,2024
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- SUSTG Team
New Saudi airline Riyadh Air is touting its new offering at an industry event in Asia, with the CEO and COO giving public appearances and with it a glimpse into the plans and aspirations of the startup airline.
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Hamas says it is investigating possible error over hostage body
Hamas said on Friday it was investigating a possible error in identifying human remains handed to Israel under a ceasefire deal as Prime Minister Benjamin Netanyahu threatened retaliation for failing to release the body of hostage Shiri Bibas. Hamas was due to hand over the bodies of Shiri Bibas and her two sons Kfir and Ariel on Thursday, along with the remains of a fourth hostage under the ceasefire deal that has halted fighting in Gaza since last month. Four bodies were delivered and the identities of the Bibas boys and the fourth hostage, Oded Lifshitz, were confirmed. But Israeli specialists said the fourth body was that of an unidentified woman and not Bibas, who was kidnapped along with her sons and her husband, Yarden, during the Hamas attack on Israel on October 7, 2023.
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Arab states scramble to counter Trump’s Gaza ‘Riviera’ plan
Arab states who were swift to reject President Donald Trump's plan for the U.S. to take control of Gaza and resettle its Palestinians are scrambling to agree on a diplomatic offensive to counter the idea, five sources told Reuters. Trump's plan, announced on February 4 during a fragile ceasefire between Israel and Hamas in Gaza, has infuriated the Palestinians and Arab countries and upended decades of U.S. diplomacy focused on a two-state solution. But Arab states trying to devise an alternative plan have yet to tackle critical issues like who will foot the bill for Gaza's reconstruction -- estimated by the U.N. at more than $50 billion -- or how the Strip will be governed, according to sources familiar with diplomatic discussions ahead of the meeting. The people spoke on condition of anonymity because they were not authorised to speak to the media. Leaders of Gulf Arab countries plus Egypt and Jordan are due to meet later on Friday in Riyadh for what Saudi Arabia said would be an unofficial meeting within the framework of "close brotherly relations".
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Tiger Woods joins another White House meeting as PGA Tour moves closer to Saudi deal
Tiger Woods joined PGA Tour Commissioner Jay Monahan and player director Adam Scott in a second White House meeting Thursday with President Donald Trump, another sign the sport is moving rapidly toward ending the division brought on by Saudi-funded LIV Golf. Yasir Al-Rumayyan, governor of the Public Investment Fund of Saudi Arabia and the financial muscle behind the rival league, also was part of the meeting. The tour said it would share more details when appropriate, adding: “We are committed to moving as quickly as possible.” “We share a passion for the game and the importance of reunification,” the statement said. “Most importantly, we all want the best players in the world playing together more often and are committed to doing all we can to deliver that outcome for our fans.”
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Chess: Carlsen wins again as he qualifies for the $1.5m Saudi Esports World Cup
Magnus Carlsen’s dominance of online chess has continued this week as the world No 1 is in pole position for the concluding stages of the Chessable Masters, the first leg of the annual Champions Tour which the Norwegian has won every year since it was launched in 2020. For 2025, the tour is also a qualifier for the Esports World Cup at Riyadh, Saudi Arabia, in July-August, where the chess prize fund will be $1.5m.
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Trump hails Saudi Arabia at investment event in Miami
This was the first time a US president has spoken at the Miami event. Elon Musk, who co-heads Trump’s newly created Department of Government Efficiency, was also there. As part of an increasingly high-profile relationship with the United States under President Trump, earlier this week Saudi Arabia hosted talks between the US and Russian foreign ministers aimed at paving the way for a resolution to the Ukraine war. In late January, during the first phone call Trump held with a foreign leader after returning to the White House, the Saudi crown prince, Mohammed Bin Salman, pledged $600 billion of trade and investment in the US over Trump’s four-year term.
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Trump calls Saudi Arabia a ‘special place with special leaders’
US President Donald Trump thanked Saudi Arabia on Wednesday for hosting talks between Washington and Moscow last week, calling the Kingdom a “special place with special leaders.” Speaking at the opening of the Future Investment Initiative (FII) Institute, Trump said it was “a tremendous honor” to be the first American president to address the FII Institute. The US president singled out Crown Prince Mohammed bin Salman for his efforts in this regard. “But in particular, we have to thank [Crown] Prince Mohammed bin Salman for hosting these historic talks that went very, very well,” Trump said. Launched in 2017, FII brings together investors, policymakers, government officials and international private sector executives from across the globe.
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Council pressed to act over Saudi ‘sportswashing’
Human rights campaigners have met Newcastle's council leader to demand stronger action against alleged "sportswashing" by Saudi Arabia. The delegation, including citizens whose family members have been jailed in the Gulf state, sat down with the authority's leader Karen Kilgour. Political leaders have come under pressure over the North East's links to Saudi Arabia since the 2021 takeover of Newcastle United by a consortium led by the nation's Public Investment Fund (PIF). Kilgour said human rights abuses were "completely at odds with the values we hold dearly" in Newcastle but it was for the government to raise concerns. Newcastle United and the Saudi government did not comment.
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Forever Young Outside, Romantic Warrior Inside for Saudi Cup
Forever Young (Jpn) (Real Steel {Jpn}), a Group 1 winner at the back end of 2024 in the Tokyo Daishoten and third in the GI Kentucky Derby and GI Breeders' Cup Classic, will jump from the widest alley in barrier 14 for Saturday's G1 Saudi Cup at King Abdulaziz Racecourse in Riyadh. Post positions were drawn Wednesday evening at the racecourse. Katie McDonald (ex Mallyon) was assigned the somewhat unenviable task of pulling the post position for Hong Kong Horse of the Year Romantic Warrior (Ire) (Acclamation {GB}) and by all accounts, she performed well after electing the three hole. Her husband James McDonald rides the last-out G1 Jebel Hatta hero for trainer Danny Shum.
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NDMC closes the February 2025 Issuance under the Saudi Arabian Government SAR-denominated Sukuk Program
The National Debt Management Center announces the closure of February 2025 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The Total Amount Allocated was set at SAR 3.071Bn (three billion and seventy-one million Saudi Riyals)
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Saudi Arabia’s rise as a global diplomacy broker
Saudi Arabia is solidifying its position as a global and regional diplomatic hub. On Friday, Riyadh will host the leaders of the six Gulf Cooperation Council countries, in addition to Jordan and Egypt, to discuss an Arab plan for the reconstruction of Gaza without displacing its 2.2 million inhabitants. Once approved, the plan will be presented at the meeting of Arab leaders in Cairo at the end of the month. It will become a counterproposal to President Donald Trump’s plan to displace the people of Gaza while taking over the beleaguered enclave and turning it into a regional riviera. So, when Jordan’s King Abdullah met with Trump at the White House last week, his response to Trump’s idea was that Arab leaders had been invited by Saudi Crown Prince Mohammed bin Salman, whose country has rejected any attempt to displace the Palestinians from their land, to work on an Arab plan for the reconstruction of Gaza without the displacement of its people.
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