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Saudi Arabia’s June Non-Oil Exports Rise by 41%; Oil Exports Rise 123% to Over $16 billion
- August 24,2021
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- SUSTG Team
The value of Saudi Arabia’s non-oil exports, a key indicator for the Kingdom’s ongoing effort to diversify its economy, soared 41% in the month of June, according to reports citing official data released by the government on Tuesday.
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IATA Lauds Saudi Embrace of Travel Pass for Covid Vaccination Clearance
- August 19,2021
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- SUSTG Team
The International Air Transport Association (IATA) said in a press release that it welcomed the decision of the General Authority of Civil Aviation (GACA) of the Kingdom of Saudi Arabia to accept IATA Travel Pass to confirm pre-departure COVID-19 test results for departing and arriving passengers starting 30th of September 2021.
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Saudi Issues Record Number of Foreign Investor Licenses in a Single Quarter, MISA Says
- August 11,2021
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- SUSTG Team
Saudi Arabia’s Ministry of Investment (MISA) reported issuing 478 new licenses in the first quarter of 2021, “the most number in a single quarter since records began in 2005” and a 36% increase from the same quarter last year, according to reports.
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Daily New COVID-19 Cases in Saudi Arabia Fall Below 1,000 for First Time in Two Months
- August 6,2021
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- SUSTG Team
Daily new COVID-19 cases in Saudi Arabia fell below the 1,000-mark on Thursday for the first time since June 6, according to official figures, with 986 individuals infected over the past 24 hours.
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Saudi Mortgage Lending Surges 27% in First Half of 2021 — SAMA Data
- August 3,2021
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- SUSTG Team
Residential mortgage financing in Saudi Arabia has soared in 2021, increasing 27% so far this year despite a slowdown in the 2nd quarter, according to recent data released by the Saudi Arabian Monetary Authority (SAMA) and reported by Zawya.
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Saudi Arabia Steps Up Pressure on Residents to Vaccinate with New Restrictions on Public Spaces
- July 21,2021
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- SUSTG Team
Saudi Arabia is stepping up pressure on its citizens and residents to receive both doses of a COVID-19 vaccine with a new announcement confirming that most public spaces, malls, and other areas will be open to only those who are vaccinated, according to Arab News.
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Saudi Arabia Vaccination Drive Accelerates as Toll Passes 8,000 in Kingdom, Deadline Looms
- July 15,2021
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- SUSTG Team
Saudi Arabia’s daily Coronavirus vaccination rates passed 400,000 as the government continued to emphasize the importance of the jab ahead of a key deadline in which citizens and residents will need to prove they have received the vaccine to take part in many normal daily activities.
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Saudi Prince Khaled bin Salman Visits Washington, Meets with Top Biden Officials; U.S., Saudi Speak on Oil
- July 7,2021
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- SUSTG Team
Saudi Arabia’s deputy defense minister and former ambassador to the United States Prince Khaled bin Salman on Tuesday became the highest-ranking Saudi envoy to visit Washington since Joe Biden became president in January, Reuters reports. The prince represented the Kingdom in talks with senior Biden officials on the Yemen war and threats from Iran. Prince Khaled met […]
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Saudi Arabia to Invest Over $133 Billion in Transportation Sector as Details of New Plan Emerge
- July 6,2021
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- SUSTG Team
New details are emerging regarding Saudi Arabia’s new plans to turbocharge growth in the Kingdom’s transportation sector and place it in more direct competition with the UAE as a hub connecting east and west, according to comments from the Kingdom’s transportation minister this week. Saudi Arabia will invest over 500 billion riyals ($133.34 billion) in airports, […]
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Will Oil Reach $100 Soon? Traders, Industry Execs See Oil Rising Higher
- June 23,2021
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- SUSTG Team
In April last year, at the height of the pandemic crisis that touched every corner of the globe, oil prices collapsed in a spectacular fashion as demand plummeted and supply continued apace, leaving suppliers in some cases without a place to store their excess crude oil. US oil prices plunged, falling below $0 to $-37.63 a barrel – […]
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MUST-READS
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Women's RightsFemale empowerment vital for Kingdom’s Vision 2030 reforms, says Saudi Human Rights Commission GM
“These laws have helped a lot in empowering women within the context of a family. They mark the beginning of real change. When you empower a woman within her family and help her be a real mother to her children and not treat her as a child but as a fully legal and competent citizen, that is called empowerment.
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Nuclear EnergySaudi Arabia wants to enrich uranium for nuclear power: energy minister
Saudi Arabia wants to have uranium production and enrichment in future for its planned nuclear power program that will begin with two atomic reactors, the kingdom’s new energy minister said on Monday.
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Saudi WomenSaudi women directors bring empowerment message to Venice
Female Saudi Arabian directors Haifaa Al-Mansour and Shahad Ameen brought a message to the Venice Film Festival along with their movies: Women must be seen and heard.
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Pompeo InterviewMike Pompeo: ISIS in some areas is “more powerful today than they were 3 or 4 years ago”: Interview
Secretary of State Mike Pompeo joins "CBS This Morning" to discuss whether ISIS is regaining strength, tensions with Iran, the continuing protests in Hong Kong and criticism of his alliance with President Trump.
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SyriaKurds and Arabs in Northeast Syria: Power Struggle or Power Sharing?
Assad continues to refuse to make any concessions to the region, although his forces lost control of the north more than seven years ago. Erdogan continues to threaten to invade. ISIS sleeper cells carry out attacks on a regular basis. And numerous countries around the world refuse to take back their own citizens who voluntarily joined ISIS, forcing the Self Administration to feed and house thousands of detained foreign ISIS fighters for an indefinite amount of time.
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SoftBankCommentary: SoftBank’s Bid to Build a Solar-Power Empire Founders
Mr. Son said SoftBank’s solar business has been focusing on India and “is still expanding vigorously” at a pace that could eventually make it one of the world’s biggest developers.
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Global Oil MarketsRussia to Leapfrog Saudi in Wealth League as Oil Power Shifts
Russia’s reserves have swelled 45% in the past four years to total $518 billion in June. Saudi Arabia’s are following the opposite trajectory, with reserves falling to $527 billion by June, as the Kingdom spends money stockpiled when oil prices were much higher.
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China Foreign PolicyChina says US ‘power politics’ undermines global stability
China on Wednesday accused the United States of undermining global stability with unilateral policies and “power politics” as the Defense Ministry issued the first comprehensive outline of its policies since President Xi Jinping came to power more than six years ago.
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SomaliaWith Guns, Cash and Terrorism, Gulf States Vie for Power in Somalia
Over the last two years, war-torn Somalia has emerged as a central battleground, with the United Arab Emirates and Qatar each providing weapons or military training to favored factions, exchanging allegations about bribing local officials, and competing for contracts to manage ports or exploit natural resources.
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Renewable EnergyOil Giant Saudi Arabia Is Set to Start First Wind-Power Plant
The energy ministry has pre-qualified 60 companies to bid for 12 renewables projects it plans to tender this year, starting this month, with a goal of adding 3,000 megawatts of capacity.
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