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Saudi Arabia’s Receipts from Oil Sales Abroad Down in May, Lowest in Over a Year – Report
- July 25,2023
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- SUSTG Team
Saudi Arabia’s leadership in OPEC+ with voluntary cuts to production has proven to be costly, sending its receipts from oil sales abroad down by a third, to its lowest in over a year, according to a report in Bloomberg, which cited the Kingdom’s General Authority for Statistics (GASTAT).
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PSG Confirms Saudi club Al Hilal Makes World Record $332m Bid for French Mega-Star Mbappé
- July 24,2023
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- SUSTG Team
Saudi team Al Hilal made a record €300 million ($332m) bid for Kylian Mbappé on Monday, which could see the France striker join Cristiano Ronaldo for the next year of the Saudi Pro League, according to reports.
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The MENA region gets hotter as a global heat wave hits 3 continents, the Islamic New Year, Saudi Arabia outranks the US in expat survey and much more…
- July 21,2023
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- SUSTG Team
Episode 95! The hosts discuss some of the biggest storylines and topics on Saudi Arabia this week. First, Richard’s One Big Thing this week, the Islamic new year. Muslims around the world observe and celebrate the Islamic New Year, also called the Hijri New Year, which marks the beginning of a new lunar Hijri year. […]
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PIF Announces Establishment of Sawani Company to Enable Growth of Camel Farming Industry
- July 20,2023
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- SUSTG Team
The Public Investment Fund (PIF) of Saudi Arabia announced the establishment of Sawani Company “to enable the growth of the Saudi camel farming industry and actively contribute to its sustainable development,” the fund said in a press release.
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Saudi Arabia Leads MENA in VC Funding So Far in 2023, MAGNiTT Report Says
- July 19,2023
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- SUSTG Team
Saudi Arabia was the MENA leader in VC funding in the first half of 2023, a report by the research and analysis firm MAGNiTT said in its recently-released report.
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Saudi Arabia Buys Turkish Drones During Erdogan’s Visit; Crown Prince, Turkish Leader Drive Turkish EV
- July 18,2023
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- SUSTG Team
Saudi Arabia agreed on Tuesday to buy Turkish drones in what is being called the biggest defense contract in Turkey’s history, though no exact figures were announced.
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Turkey’s Erdogan Departs for Saudi Arabia to Seek Investment
- July 17,2023
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- SUSTG Team
Turkey’s President Recep Tayyip Erdogan will visit Saudi Arabia and the United Arab Emirates this week as he looks to attract foreign investment into Turkey.
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Physician and media commentator Dr. Qanta Ahmed joins The 966 to talk about ‘colossal’ changes in Saudi Arabia and much more
- July 14,2023
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- SUSTG Team
Physician, non-fiction author, and broadcast media commentator and writer Dr. Qanta Ahmed joins The 966 from New York to discuss the “colossal” changes in Saudi Arabia since Vision 2030 was launched and her view that Saudi Arabia has emerged as an increasingly important and influential global power. Dr. Qanta is an Academic Pulmonologist and Sleep Disorder Specialist at NYU […]
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Fourth Riyadh Season to Begin with a Large Opening Ceremony and a Major Boxing Fight: Tyson Fury vs. Francis Ngannou
- July 13,2023
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- SUSTG Team
The fourth Riyadh Season will kick off on Oct. 28 with an opening ceremony and a momentous boxing match featuring Tyson Fury vs. Francis Ngannou, according to reports. Turki Al-Sheikh, Chairman of the General Entertainment Authority said the event this year is back with “world-class experiences and live events — keeping its claim as one […]
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Saudi PIF Reports $11 Billion Loss in 2022 after Earning $19 Billion in 2021 – Reports
- July 12,2023
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- SUSTG Team
Saudi Arabia’s sovereign wealth fund lost $11 billion on its investments last year, as the fall in global stock and bond prices impacted its holdings, according to a report in Bloomberg.
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MUST-READS
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China Harbour’s moduling building factory begins operations in Saudi Arabia
Spanning approximately 200,000 square meters, the factory will supply prefabricated components for the Sedra project's fully modular villas, while laying the industrial foundation for future prefabricated construction initiatives in Saudi Arabia, the CHEC announced in a statement on Sunday. At the inauguration ceremony on Sunday, Iain McBride, head of commercial at Saudi ROSHN Real Estate Company, praised the factory's remarkable speed of completion, commending its design, construction quality, and safety standards.
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Saudi Arabia declares February 22 as official holiday for private and non-profit sectors to mark Founding Day
The Ministry of Human Resources and Social Development has announced that Saturday, February 22, will be an official holiday for both the private and non-profit sectors in observance of Saudi Founding Day. Founding Day marks the anniversary of the establishment of the First Saudi State by Imam Mohammed bin Saud in 1727, celebrating the Kingdom’s deep historical roots, national unity, and strong leadership bond that has connected Saudi citizens to their rulers since the founding of Diriyah as the state’s first capital. The occasion highlights the early Saudi efforts in establishing security and stability, which profoundly shaped Saudi society after centuries of division and instability.
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Saudi Arabia emerges as the epicentre of Media & Entertainment in 2025
According to a January 2025 Statista report, Saudi Arabia leads the MENA media industry, holding a dominant 30% market share. This month Saudi Arabia appears to be the hub for everyone in Media & Entertainment, with Leap, followed by the Future of Media Exhibition (FOMEX) from February 19-21, and the BroadcastPro Summit KSA on February 25. We will have a stand at FOMEX too and look forward to meeting many of you there. It’s that final burst of activity before everything calms down for Ramadan – or will it?
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Commentary: Trump’s Alternate Reality in the Middle East
This bizarro world solution for the Middle East isn’t going to happen. There is no appetite around the globe for accepting millions of Palestinians from Gaza. There is no way for Jordan—even if it were willing to accept still more Palestinian refugees than those already living there—to receive hundreds of thousands of Palestinians from Gaza. There is no way to get them from Gaza to Jordan, short of outlandish round-the-clock air lifts or some sort of forced death march through the Negev desert. The only location that makes any practical sense is Egypt, but Cairo is not going to accept the transfer of significant numbers of Palestinians from Gaza into Sinai or anywhere else in their country. This is a policy that dates back to the era of King Farouk, when in 1951 or 1952 it was decided to absolutely not allow the transfer of Palestinians into Egypt from Gaza. There is virtually nothing the United States can offer Egypt (within the realm of reality) that would induce Cairo to change this policy; withholding the current military aid package would certainly not be sufficient to produce that result.
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‘Red line’: Egypt condemns Netanyahu’s call for Palestinian state in Saudi Arabia
Egypt has strongly criticised comments by Israel's prime minister, in which he suggested that a Palestinian state could be established on Saudi territory. On Thursday, Benjamin Netanyahu said during an interview with Israel's Channel 14: "The Saudis can create a Palestinian state in Saudi Arabia; they have a lot of land over there." The remarks came after Riyadh reiterated that it would only normalise relations with Israel if there was a clear pathway towards Palestinian statehood. Without naming Netanyahu, Cairo's foreign ministry said on Saturday that it condemned the remarks "in the strongest terms". "Egypt condemns the irresponsible Israeli statements that incite against the kingdom and call for the establishment of a Palestinian state on Saudi lands," the ministry said.
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‘Take the Israelis to Alaska’, Saudi official mocks Netanyahu and Trump
A member of the powerful Saudi Shura Council, Yousef bin Trad al-Saadoun, ridiculed Israeli Prime Minister Benjamin Netanyahu’s suggestion of establishing a Palestinian state in Saudi Arabia, instead proposing that US President Donald Trump should relocate Israelis to Alaska and later to Greenland “after annexing it”. Writing in the Saudi newspaper Okaz on Friday, al-Saadoun criticised Trump’s approach to Middle East policy, arguing that reckless decisions stem from ignoring expert advice and dismissing dialogue. He warned that "Zionists and their allies" would fail to manipulate Saudi leadership through media pressure and political manoeuvres. Taking a swipe at the Trump administration, al-Saadoun said: "The official foreign policy of the United States will seek the illegal occupation of sovereign land and the ethnic cleansing of its inhabitants, which is the Israeli approach and are considered crimes against humanity. "Anyone who follows the path of the emergence and continuation of Israel clearly realizes that this plan was certainly formulated and approved by the Zionist entity, and was handed over to their ally to read from the White House podium.
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Seven Saudi Hospitals Rank Among Brand Finance World’s Top 250
Seven Saudi hospitals have been recognized among Brand Finance's top 250 hospitals worldwide for 2025, underscoring the Kingdom's remarkable progress in the healthcare sector, driven by the ambitious goals of Vision 2030. Leading the way for Saudi and regional hospitals, King Faisal Specialist Hospital and Research Center secured the 15th position globally, solidifying its status as the leading medical facility in the Middle East and North Africa. The impressive Saudi representation on the list includes King Fahad Medical City, King Khalid University Hospital, King Saud Medical City, King Abdullah Medical City, National Guard Health Affairs, and King Fahad University Hospital. This significant achievement reflects the rapid advancements in healthcare infrastructure, cutting-edge medical technologies, and robust scientific research initiatives, all of which aim to establish a globally competitive healthcare system, as envisioned in Vision 2030.
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HP to open AI R&D centre in Saudi Arabia
HP Inc. has announced the launch of a new AI and R&D Centre of Excellence in Dhahran, Saudi Arabia. Speaking at LEAP25, global president and CEO of HP Enrique Lores said that new R&D centre will focus on developing AI-driven solutions to enhance business efficiency, automation, and decision-making. The new RD centre will attract top AI talent and provide training programmes to upskill the local workforce. The building of a state-of-the-art manufacturing facility in Riyadh was also announced by Lores, which will produce its first PCs this year.
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Saudi Arabia could rank as Europe’s 5th largest tech hub if in EU: Minister
Abdullah Al-Swaha, Minister of Communications and Information Technology, said Saudi Arabia could have ranked the fifth-largest tech hub in Europe if part of the European Union (EU). Speaking at LEAP 25 Conference, the minister emphasized that attracting top thinkers, major investors, and innovators from around the world would drive progress not only for Saudi Arabia but also for the region and the entire world. He highlighted the Kingdom's ongoing efforts to mitigate challenges related to skills, digitization, and governance.
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Saudi Arabia reiterates rejection of Israeli comments on displacement of Palestinians from their land
Saudi Arabia on Sunday reiterated its categorical rejection of statements regarding the displacement of the Palestinian people from their land, particularly those made by Israeli Prime Minister Benjamin Netanyahu. The Kingdom’s Foreign Ministry said in a statement that it rejected “such statements that aim to divert attention from the continuous crimes committed by the Israeli occupation against the Palestinian brothers in Gaza, including the ethnic cleansing they are subjected to.” The ministry likewise expressed its appreciation of the “condemnation, disapproval and total rejection announced by the brotherly countries” regarding the Israeli leader’s comments. “The Kingdom also points out that this extremist, occupying mentality does not understand what the Palestinian land means to the brotherly people of Palestine and their emotional, historical and legal connection to this land, and it does not think that the Palestinian people deserve to live in the first place, as it has completely destroyed the Gaza Strip, killed and injured more than 160,000, most of them children and women, without the slightest human feeling or moral responsibility,” the Saudi Foreign Ministry statement said.
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