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At COP16 in Riyadh, Arab Coordination Group pledges $10 billion to combat land degradation
- December 5,2024
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- SUSTG Team
The Arab Coordination Group (ACG), a strategic alliance of ten leading development finance institutions, announced a landmark commitment of up to US$10 billion by 2030 to address the critical challenges of land degradation, desertification and drought.
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French President Macron in Saudi for three-day state visit
- December 4,2024
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- admin
Macron’s schedule includes high-level meetings, a visit to Riyadh Metro, the Saudi-French Economic Forum and a number of cultural visits, including Al-Ula.
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Riyadh hosts COP16 – the United Nations Convention to Combat Desertification
- December 2,2024
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- SUSTG Team
The largest-ever meeting of the United Nations Convention to Combat Desertification (UNCCD) kicked off today in Riyadh.
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Its a big day – Riyadh Metro
- November 29,2024
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- SUSTG Team
Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud inaugurated the Riyadh Metro, a major public transport project that he initiated while serving as the Chairman of the High Commission for the Development of Arriyadh, the predecessor of Royal Commission for Riyadh City.
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Moody’s upgrades Saudi Arabia’s rating on economic diversification efforts
- November 25,2024
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- SUSTG Team
Saudi Arabia’s sovereign debt rating was upgraded by Moody’s Investors Service for the first time since the company initially assessed it in 2016, driven by continued progress in the kingdom’s economic diversification and a better outlook for the non-oil sector.
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First three lines of Riyadh Metro to open this week
- November 24,2024
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- admin
The long awaited Riyadh Metro is expected to launch the first phase of operations on three of its six lines this week (November 27).
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Spike Lee to head Red Sea International Film Festival Jury
- November 21,2024
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- SUSTG Team
Spike Lee will preside over the jury of the fourth edition of Saudi Arabia‘s Red Sea International Film Festival to be held December 5-14 in Jeddah.
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Design revealed for 92,000-seat venue to be flagship of 2034 FIFA World Cup
- November 20,2024
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- admin
The King Salman Stadium and Masterplan is set to become the largest-capacity stadium in Saudi Arabia and one of the world’s largest sports venues.
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Saudi FM participates in G20 Summit in Brazil
- November 18,2024
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- SUSTG Team
The G20 2024 summit is being held in Rio de Janeiro, Brazil on November 18 and 19 with a focus on the fight against hunger, poverty and inequality; sustainable development and reform for global governance.
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Saudi unemployment a tick away from Vision 2030 goal of 7%
- November 15,2024
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- admin
Saudi Arabia’s General Authority for Statistics’ (GaStat) Q2 2024 Labor Market report shows that unemployment dropped to 7.1 % down from 8.5% a year earlier.
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Arab States Urge Iran to Show Restraint in Conflict With Israel
Several Arab countries are encouraging Iran to exercise restraint in responding to the assassination of Hamas’s political leader, Ismail Haniyeh, in Tehran last week, as fears of an unpredictable regional war expand. The diplomatic blitz, led by countries allied with the United States, came as the Biden administration was trying to lower tensions in the Middle East and renew efforts to achieve a cease-fire in Gaza.
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Lebanon housing costs surge amid property crunch as conflict fears spark exodus, echoing 2006 war
Panic set in among many residents following a recent strike near Beirut and the killing of a senior Hezbollah commander, reigniting fears of a wider conflict and prompting many to seek temporary accommodations in northern Lebanon and mountainous regions.
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Jon Rahm wins LIV Golf UK for his 1st victory on the Saudi-funded tour
Jon Rahm won LIV Golf UK on Sunday for his first victory on the Saudi-funded tour when Legion XIII teammate Tyrrell Hatton three-putted his final hole for a bogey. Rahm closed with a 4-under 68 to finish at 13 under at JCB Golf & Country Club, a stroke ahead of Hatton (69), season points leader Joaquin-Niemann (65) and defending champion Cameron-Smith (69).
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Saudi Arabia stresses importance of strengthening international order to prevent chaos and conflicts
Moreover, the Cabinet reaffirmed the Kingdom’s commitment to enhancing international cooperation to ban weapons of mass destruction and prevent their proliferation during the meetings of the Executive Council of the Organization for the Prohibition of Chemical Weapons. The Cabinet emphasized the organization’s role in maintaining international peace and security and the full and effective implementation of all provisions of the Chemical Weapons Convention.
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Saudi Crown Prince congratulates Iranian President on election victory during a phone call
Crown Prince and Prime Minister Mohammed bin Salman congratulated President Dr. Masoud Pezeshkian on winning the presidential elections in Iran during a phone call on Wednesday. The Crown Prince and President Pezeshkian praised the development of relations at all levels, stressing the importance of continuing to enhance cooperation in various fields between the two countries. The Iranian President expressed his gratitude and appreciation to Crown Prince Mohammed bin Salman for his kind wishes.
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Saudi Arabia Ranks Second Among G20 in ICT Development for Second Year
The Kingdom of Saudi Arabia has secured the second position among the Group of Twenty (G20) countries for the second consecutive time in the 2024 ICT Development Index published by the United Nations International Telecommunication Union (ITU). The index tracks the digital development and progress of 170 countries in information and communication technology (ICT) services through sub-indicators divided into two axes: inclusive and effective communication.
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Fresh scrutiny of free speech in Saudi Arabia after brothers’ convictions over tweets
Fresh questions have been raised about the suppression of free speech in Saudi Arabia after the brother of a man facing the death penalty for tweeting to 10 followers was handed a 20-year sentence for largely innocuous tweets. The Saudi crown prince, Mohammed bin Salman, had said Mohammed al-Ghamdi was a victim of “bad laws” after being sentenced to death, yet the crown prince permitted the same laws to be used to sentence Ghamdi’s younger brother, Asaad al-Ghamdi.
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Carlos Ortiz wins LIV Golf Houston for 1st victory on the Saudi-funded league
Ortiz closed with a 5-under 67 to beat Adrian Meronk by a stroke at the Golf Club of Houston. The Mexican player won the 2020 Houston Open at Memorial Park for his lone PGA Tour title. “I love playing here,” Ortiz said. “Obviously, Texas treats me well. It’s my adopted home state. I’m just happy to get it done again in Houston.”
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Scars of Conflict Are Deeper and Longer Lasting in Middle East and Central Asia
Economies across the Middle East and Central Asia are more affected by conflicts—even a decade after a severe conflict, their income per capita remains about 10 percent lower. The idea that violent conflict reduces economic output is uncontroversial. However, the repercussions are notably harsher and longer lasting in these regions than in most others, as we show in a chapter of our latest Regional Economic Outlook for the Middle East and Central Asia.
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Sidelined in Gaza war, Hezbollah fighters yearn for victory over Israel
About 330 fighters have been killed across southern Lebanon since Iran-backed Hezbollah escalated its conflict with Israel to support Palestinian Hamas militants, who attacked from Gaza last Oct. 7. Hezbollah has signaled it will stop its campaign if Israel ends its Gaza offensive.
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