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The evolution of Saudi Arabia’s public diplomacy with Rayan Alyusufi
- January 15,2024
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- SUSTG Team
The 966 speaks with Rayan Alyusufi, a young Saudi researcher in public diplomacy and international communication to discuss the Kingdom’s public diplomacy, “sharp power,” and evolution of Saudi as an emerging diplomatic player. Rayan is a PHD Candidate at Bournemouth University in the United Kingdom.
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New Mega Mountain Resort Aquellum, a ‘Subterranean Digitalized Community of the Future,’ Added to NEOM’s Growing Vacation Destination Offerings
- January 11,2024
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- SUSTG Team
NEOM has announced Aquellum, a new “luxury and experiential” vacation destination which is the latest addition to the ongoing regional development in northwest Saudi Arabia.
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Palestinian State a Must for Any Saudi-Israel Deal after Israel Invasion of Gaza – Ambassador
- January 10,2024
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- SUSTG Team
Saudi Ambassador to the United Kingdom Prince Khalid bin Bandar discussed the status of Saudi-Israel relations in light of the ongoing Israeli invasion of Gaza, telling the BBC a pact was “close” when the the kingdom paused US-brokered talks after Hamas’s deadly attacks on Israel on 7 October.
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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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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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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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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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Saudi Non-Oil Business Activity Expands in December 2023, New Orders Rising at Fastest Pace in Six Months
- January 3,2024
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- SUSTG Team
Non-oil business activity in Saudi Arabia grew solidly in December with new orders rising at the fastest pace in six months, and the seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index stood at 57.5 in December ending 2023 well above the 50 mark signaling economic growth, Reuters reports. The data show a Saudi economy that is […]
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2023 a Big-Spending Year for PIF as Kingdom’s Wealth Fund Accounts for Over One Quarter of All Sovereign Spending
- January 2,2024
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- SUSTG Team
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF) spent more than any other last year, topping an annual ranking of sovereign investment fund spending compiled by consultancy Global SWF for the first time, according to reports.
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Bechtel Expands Partnerships to Develop Local Talent in Saudi with Agreements with Prince Sultan University, Saudi Women Engineering Society
- December 22,2023
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- SUSTG Team
US-headquartered Bechtel, a leading engineering, procurement, construction, and project management company, has rolled out two new local partnerships in Saudi Arabia as it expands its operational relationships and seeks to develop local talent in the Kingdom as it marks its 80th year doing business in KSA.
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MUST-READS
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Why Trump’s proposal on Gaza is ringing alarm bells in the region
President Donald Trump's plan for the United States to take over the war-ravaged Gaza Strip and develop it economically touches on one the most sensitive issues in the Arab-Israeli conflict. Trump's plans are likely to heighten fears among Palestinians in Gaza, which had a pre-war population of around 2.3 million, of being driven out of the coastal strip, and stoke concern in Arab states that have long worried about the destabilising impact of any such exodus. Palestinians have long been haunted by what they call the "Nakba", or catastrophe, when 700,000 of them were dispossessed from their homes during the war that surrounded the creation of Israel in 1948.
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Jordan ready for war with Israel if Palestinians are expelled into its territory
Jordan is ready to declare war on Israel in the event that Prime Minister Benjamin Netanyahu attempts to forcibly expel Palestinians into its territory, Middle East Eye understands. The warning comes in the wake of repeated statements from US President Donald Trump that he would like to see Jordan and Egypt take in Palestinians as part of a move to "clean out" the Gaza Strip. Well-placed sources in Amman and Jerusalem told MEE that the last thing Jordan wants is war and it is eager for a peaceful solution. But they are adamant that the Jordanians will close the border if refugees begin to cross into the country. If the Israelis seek to re-open it, that would be "a casus belli," one source said. The Jordanians are under no illusion they could win a war with Israel, but believe they would have no choice but to fight.
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Syria: Manbij car bomb attack suspends SDF-Damascus talks
A deadly car bomb attack near northern Syria’s Manbij has suspended negotiations between the Damascus interim government and the Syrian Democratic Forces (SDF), two sources familiar with the issue told Middle East Eye. The attack on Monday killed at least 20 people, most of them women working in agricultural fields. The area was captured from the SDF by Turkey-backed armed groups in the Syrian National Army (SNA) coalition in December. Fighting has been ongoing between the factions around the Tishreen Dam to the east. There have been seven car bombings in and around Manbij since December. No one has claimed responsibility.
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Saudi Arabia contradicts Trump, vows no ties with Israel without creation of Palestinian state
Saudi Arabia's foreign ministry said in a statement on Wednesday that the country rejects any attempts to displace the Palestinians from their homeland, stressing that its position on the Palestinians is not up to negotiation. The statement noted that Saudi Crown Prince Mohammed bin Salman has affirmed the kingdom's position in "a clear and explicit manner" that does not make other interpretations possible under any circumstances.
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Saudi Arabia reaffirms unwavering stance on Palestinian state, rejects any political bargaining
In a statement on Wednesday, the Ministry of Foreign Affairs reiterated that the Kingdom's commitment to Palestinian statehood is deeply rooted and unshakable. "This firm stance was explicitly affirmed by Crown Prince and Prime Minister Mohammed bin Salman during his address at the opening of the first year of the ninth session of the Shoura Council on September 18, 2024. In his speech, the Crown Prince made it clear that Saudi Arabia will not establish diplomatic relations with Israel unless an independent Palestinian state is established, with East Jerusalem as its capital." Saudi Arabia also firmly rejected any actions that undermine Palestinian rights, including Israeli settlement expansion, land annexation, and any attempts to forcibly displace Palestinians from their homeland. The Kingdom called on the international community to take decisive action to alleviate the dire humanitarian conditions faced by the Palestinian people, who continue to stand resilient in defense of their land and rights.
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Saudi crown prince holds telephone call with UAE president
Saudi Crown Prince Mohammed bin Salman phoned the President of the United Arab Emirates Sheikh Mohamed bin Zayed Al-Nahyan on Tuesday. During the call, the two leaders reviewed relations between their countries and areas of existing cooperation and opportunities for developing them, Saudi Press Agency reported. Prince Mohammed and Sheikh Mohamed also discussed the latest regional and international developments and efforts made toward them to achieve security and stability.
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3 ways Gulf economies are tackling the global talent shortage
Ageing populations and demographic shifts are reducing the pool of skilled workers, even as rapid technological advancements outpace workforce skills. Fields such as artificial intelligence (AI), data science and cybersecurity face surging demands but are struggling to find qualified candidates for these roles. While not immune, Gulf Cooperation Council (GCC) economies are turning this challenge into an opportunity, adopting a three-pronged strategy to drive sustainable growth in the Middle East.
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Distinguishing Myth From Reality: Saudi Arabia’s Trade and Investment With the United States
Verifying the numbers quoted by Trump, Al-Jadaan, and Crown Prince Mohammed Bin Salman is not easy. Definitions are not always clear, data on Saudi investment in the United States is not comprehensive, and there are errors and omissions in the Saudi balance of payments data that could mean its imports are underrecorded. With these constraints in mind, the following is a best effort at pulling together the relevant information on U.S.-Saudi trade and investment relations to see which numbers stand up to scrutiny and which do not.
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Saudi Arabia champions youth as it drives talent development to fuel Vision 2030
Figures from the General Authority for Statistics released in 2023 show that 63 percent of the Kingdom’s population is under 30 years old, and the government and private sector are working hand-in-hand to shape the coming era. “Digital literacy is essential, as technological advancements require the younger generation to not only be proficient in the latest advancements but also drive innovation in areas like AI and data analytics,” Riyadh Al-Najjar, PwC Middle East chairman and Saudi Arabia country senior partner, told Arab News. He added: “An entrepreneurial mindset is equally important, as the success of Vision 2030 relies on growing the private sector. Young people need to be able to spot opportunities, think critically, and solve problems that add value to the economy.”
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Saudi-PIF backed Umm Al Qura moves ahead with IPO to support $26bn Masar project in Makkah
The IPO proceeds are to be deployed for funding the infrastructure, land settlements, and development of the MASAR Destination, a major Makkah redevelopment project valued at $26.66 billion (SAR 100 billion). The company said it plans to offer 130.8 million new shares, or 9.09 per cent of its post-increase capital, Reuters reported. Spanning 1.2 million square meters, MASAR aims to enhance Makkah’s infrastructure with hotels, residential units, retail spaces, and cultural centres, according to its website. The Saudi Exchange granted conditional approval on December 8, 2024, while the Capital Market Authority (CMA) approved the company’s IPO on December 24, 2024, allowing it to raise funds for land settlements, infrastructure, and project expansion.
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