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Saudi Arabia’s King Salman Orders $2b ‘Deposit’ to Yemen to Shore Up Currency
- January 18,2018
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- SUSTG Team
Saudi Arabia’s King Salman ordered a $2 billion transfer to the Yemeni central bank, according to reports, as the Kingdom looks to shore up the economy of its war-torn southern neighbor. The Saudi Ministry of Culture and Information (MoCI) said in a statement that the money is meant “to address the deteriorating economic situation” in Yemen. “All […]
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Bloomberg News, MiSK Launch Course in Dubai to Train Aspiring Saudi Journalists
- January 16,2018
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- SUSTG Team
Bloomberg news and Saudi Arabia’s MiSK Foundation have teamed up to launch a course on financial reporting to train aspiring Saudi journalists, according to a report in Arab News. The intensive week-long course is taught at the Bloomberg Middle East headquarters in Dubai. 30 Saudi undergraduates, including 22 women and eight men, were chosen by MiSK […]
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‘145,000 Documents Processed’ for Saudi Citizens Account Providing State Financial Support – Report
- January 9,2018
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- SUSTG Team
The Saudi government says that its Saudi Citizen Account Program (SCAP) has handled “nearly 145,000 documents proving applicants eligibility for payments since its launch in February 2017,” according to the Saudi Press Agency and Arab News. SCAP is a welfare program that helps low- and middle-income families cope with the changes happening as a result of Vision […]
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Saudi Announces New Benefits for Soldiers and Government Workers to Offset Fiscal Reform Measures
- January 8,2018
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- SUSTG Team
Saudi Arabia announced new royal decrees to alleviate economic pain from new austerity measures taken as part of reforms meant to wean the Kingdom’s economy off of oil. After a week that saw Saudis frustrated on social media over price hikes on gasoline and power, as well as the introduction of a Value Added Tax (VAT), […]
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First Utility-Scale Solar Plant Planned for Northern Saudi Arabia Receives Bids
- January 5,2018
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- SUSTG Team
Saudi Arabia has announced a shortlist of bidders for the first utility-scale solar plant planned for northern Saudi Arabia, according to reports. The planned 300-megawatt solar photovoltaic (PV) project is in Sakaka, Al-Jouf province. “All of the bids opened today (Tuesday) will now undergo stringent technical, financial and legal evaluation,” Turki al-Shehri, the head of the […]
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Two Top Officials in Crackdown Sweep Return to Public Eye
- January 2,2018
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- SUSTG Team
Two top officials detained in last year’s crackdown on corruption in Saudi Arabia have returned to the public eye following settlement payments, according to reports. Prince Miteb bin Abdullah, former head of the Saudi national guard and son of the late King Abdullah, was photographed alongside Crown Prince Mohammed bin Salman at a horse race […]
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Bloomberg Report: Meeting Held Today at White House to Discuss Potential for U.S.-Saudi 123 Agreement
- December 13,2017
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- SUSTG Team
Trump Administration officials are reportedly meeting at the White House today to discuss details of a potential nuclear cooperation agreement with Saudi Arabia, known as a 123 Agreement, according to two administration officials quoted in Bloomberg. Section 123 of the U.S. Atomic Energy Act requires the conclusion of a peaceful nuclear cooperation agreement for significant transfers of nuclear material, equipment, […]
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Trump Administration, Saudi Government at Odds over Yemen Blockade, Jerusalem Decision
- December 7,2017
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- SUSTG Team
In an unusual public demand of Saudi Arabia, President Trump has called on Saudi leaders to ease the blockade of Yemen to allow for humanitarian aid to assist the war-torn and decimated country. “I have directed officials in my administration to call the leadership of the Kingdom of Saudi Arabia to request that they completely […]
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Former President of Yemen Ali Abdullah Saleh Killed by Houthi Allies in Major Turning Point
- December 4,2017
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- SUSTG Team
In a major turn in the ongoing civil war in Yemen, former President Ali Abdullah Saleh has reportedly been killed in fighting against his former allies in the three-year old war, the Iran-aligned Houthi militia. Clashes broke out between fighters allied with the armed Houthi militia and those in Saleh’s General Peoples Congress over the […]
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The U.S. Reported to be Assessing Support of Saudi Arabia’s Nuclear Energy Plans
- November 30,2017
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- SUSTG Team
The Trump administration is reportedly holding talks on providing nuclear technology to Saudi Arabia in a move that would be a significant shift in U.S. policy, ProPublica reports. The report notes that, “The Trump administration hasn’t stated a position on whether it will let the Saudis have enrichment and reprocessing technology. An NSC spokesman declined […]
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MUST-READS
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China’s ‘Particle Beam Cannon’ Is a Nuclear-Power Breakthrough
In a typical fission reactor, atoms of heavy isotopes such as uranium-235 are broken apart, releasing energy. The process also releases extra neutrons, which collide with other atoms and break them apart in a chain reaction. The broken atoms are spent fuel that is cooled for a few years and then carefully stored for a few centuries. But a proposed new type of reactor built with this “cannon”—formally, a proton accelerator—could recycle this spent fuel, making it cheaper and safer to generate electricity.
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Commentary: Golfers weigh the PGA’s monopoly power against Saudi Arabia’s human rights record
There is good reason to believe an antitrust battle may be looming—Norman has threatened one. “I can only speak on information given to me by our legal team, and I have an extremely talented legal team in antitrust and anticompetitive laws, and we believe we’re in the right position,” Norman told ESPN. “We believe the players are independent contractors and have a right to go play wherever they want to go play.”
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How a battery shortage is hampering the U.S. switch to wind, solar power
U.S. renewable energy developers have delayed or scrapped several big battery projects meant to store electrical power on the grid in recent months, scuttling plans to replace fossil fuels with wind and solar energy. At least a dozen storage projects meant to support growing renewable energy supplies have been postponed, canceled or renegotiated as labor and transport bottlenecks, soaring minerals prices, and competition from the electric vehicle industry crimp supply.
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Entrepreneurial bootcamp empowers Saudi women
King Abdullah University of Science and Technology (KAUST) announced the completion of a bootcamp that welcomed 45 Saudi-based female founders as part of the “Empowering Saudi Women Through Entrepreneurship" program. The Saudi-first program has been developed in partnership with the University of Texas at Austin’s Global Innovation Lab (GIL), a unit of Texas Global, and the U.S. Consulate General Jeddah. It aims to build the capabilities of female entrepreneurs in Saudi Arabia and the entrepreneurial ecosystem while expanding access to domestic and global markets.
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Saudi Arabia’s Abaya Signals a New Era of Fashion, Empowerment, and Cultural Pride
In malls, cafes, and urban spaces in Saudi Arabia today, women are wearing an array of fashionable abayas. Depending on the season, they are linen or velvet. There are abayas in deep, monochromatic colors or pastel ones, left open to reveal a casual outfit underneath. For women who grew up in Saudi Arabia during the last three decades, there were only two styles – those that clasped in the front, worn over the shoulders, and those that slipped over the head – and always in the color black.
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KPMG Report: Saudi women driving empowerment, transformation in family businesses
According to the publication, mentorship and networking are essential components of professional success, regardless of gender. In Saudi Arabia, with the increasing participation rates of women in the workforce, finding a mentor, especially a female mentor, can be a daunting task. Women who were the first to enter the workforce and work in family businesses have gone through many challenges and are strategically placed to manage this dilemma.
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UAE’s educational reforms will ’empower future generations of independent thinkers’: Expert
The restructuring included a slew of appointments as well as the establishment of the Federal Authority for Quality and Standards of Education, which will measure educational outcomes, student performance, and the efficiency of the educational process.
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Deliverect promises to empower the F&B industry in Saudi Arabia
Founded in 2018, Deliverect’s platform automates restaurants’ online order flow through a single point, taking delivery, table app or takeout requests from services like Zomato, Talabat, Deliveroo, Careem, Hungerstation and more and transferring them to the kitchen. Small independent restaurants and large global chains such as KFC, Time Out Market, Hamburgini, Pinza, Poke & Co, Sauce Capital, Kuwait London Company, Outback Steakhouse and more use Deliverect to bring their meals to customers.
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Saudi ACWA Power Q1 net profit up 9% to $41mln
Saudi Arabian utility developer ACWA Power has posted a net profit of 151.9 million riyals ($40.5 million) after zakat and tax for Q1 2022, a 9 percent increase from the year-ago period. The effort missed most expectations. Financial data provider Refinitiv had calculated a mean analysts’ estimate of 413 million riyals.
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UAE Prince Who Reshaped Region Named Ruler of Oil-Rich Power
Crown prince of Abu Dhabi since 2004, MBZ controls the world’s fourth-richest wealth fund and about 6% of proven reserves of crude oil. He’s also helped hone the UAE’s image as a socially liberal, pro-business oasis in a turbulent region while keeping a tight grip on dissent and blanketing the country with high-tech surveillance. He was born in the oasis town of Al Ain in 1961, several years after the first discovery of oil in Abu Dhabi and a decade before his father helped to form a nation out of seven sheikhdoms. A graduate of the UK’s Royal Military Academy at Sandhurst, he served in the UAE’s special forces and as a helicopter pilot.
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