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Recent stories from sustg
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Saudi Arabia to Boost Spending Next Year as Foreign Reserves Reach New Lows
- October 30,2017
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- SUSTG Team
Saudi Arabia will boost state spending next year despite dwindling foreign reserves as the Kingdom looks to turbo charge economic growth, according to reports. Saudi Arabia’s Finance Minister Mohammed al-Jadaan told the Financial Times that Saudi Arabia “would set out an expansionary budget in 2018” to respond to the needs of the struggling private sector, which is […]
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Secretary of State Rex Tillerson to Travel to Saudi Arabia October 20th for Saudi-Iraq Meet
- October 20,2017
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- SUSTG Team
U.S. Secretary of State Rex Tillerson will travel to Riyadh, Saudi Arabia to take part in the inaugural Coordination Council meeting between the governments of Saudi Arabia and Iraq. The Secretary will also meet with various Saudi leaders to discuss the conflict in Yemen, the ongoing Gulf dispute, Iran, and a number of other important regional and […]
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With transfer season underway Saudi Professional League evolves strategy
- July 22,2024
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- SUSTG Team
The SPL has shifted from last year’s extensive talent acquisition—where 97 players were signed—to a more strategic approach this season. The Saudi transfer window opened on July 18 and will close on September 2, aligning with European leagues. This change indicates a focus on filling specific gaps and enhancing overall team quality rather than a […]
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Al-Hilal’s Streak and Saudi Professional League Spending
- March 13,2024
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- SUSTG Team
Saudi Pro League league standings leader, Al-Hilal, just notched it’s 28th straight win to break the world record for most consecutive wins by a top-flight team.
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Human Capability Initiative Conference in Riyadh Concludes with Goal of Increasing Employment Rate in New Industries
- February 29,2024
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- SUSTG Team
The Human Capability Initiative (HCI) Conference launched this week in Riyadh at the King Abdulaziz International Convention Center under the patronage of Crown Prince Mohammed bin Salman with the goal of boosting human capital in the Kingdom.
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New Royal Decrees in Saudi Arabia Change Up Regional Leadership Posts
- December 13,2023
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- SUSTG Team
A number of Saudi royals and officials were given new jobs on Tuesday as authorities issued a raft of royal decrees, according to reports by the SPA and Arab News.
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Saudi Transfer Spending on Par With European Top Leagues, Statista Report Says
- August 8,2023
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- SUSTG Team
A new chart from the website Statista places into context Saudi Arabia’s spending this transfer season vis-a-vis other top leagues, showing that the money spent on transfers by Saudi clubs this summer matches or exceeds the investments made by clubs from European top leagues, with the notable exception of the Premier League.
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Temperatures Soar Across Saudi Arabia; Certain Places Hit 50 Degrees Celsius
- July 31,2023
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- SUSTG Team
Temperatures are expected to soar up to 50 degrees celsius (122 degrees farenheit) in several areas Saudi Arabia, starting from Sunday until the end of the week, according to the National Center for Meteorology (NCM).
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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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NEOM’s Sindalah Island Eyes Status as Global Yachting Hub
- June 28,2023
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- SUSTG Team
NEOM has signed a deal with superyacht concierge and maritime agency BWA Yachting as it eyes an opening date for visitors within the year.
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MUST-READS
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Trump Foreign PolicyRussia, China Will Exploit West’s ‘Isolationist Tendencies,’ Says New Intel Strategy
The U.S.’s “traditional adversaries” — read: Russia and China — will seek to use “the weakening of the post-WWII international order and…increasingly isolationist tendencies in the West” to gain influence, the Office of the Director of National Intelligence warned in a new strategy document released Wednesday.
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Saudi EconomySlowdown in China won’t severely impact Saudi oil: Saudi Arabian finance minister: Video
Saudi Arabia’s Finance Minister Mohammed Al-Jadaan discusses the kingdom’s fiscal strategy, the oil market, and the Chinese economy.
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Global Oil MarketsOil Declines on Concerns Over China, Global Economic Growth
Brent futures declined as much as 2.2 percent in London. Chinese President Xi Jinping, meeting the country’s top leaders on Monday, stressed the need to maintain political stability -- a fresh sign he’s anxious about the implications of a decelerating economy, which last year expanded at the weakest pace since 1990. The International Monetary Fund also cut its global growth forecast.
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China in the RegionChina Offers Iran $3 Billion Oil-Field Deal as Europe Halts Iranian Crude Purchases
China’s state-run energy giant is making a new approach to clinch a $3 billion deal for more development of an Iranian oil field, seeking to take advantage of waivers allowed under U.S. sanctions as two European nations have ended crude purchases, according to people familiar with the matter.
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Oil PricesOil Surges 5% on Saudi Support, U.S.-China Talks
U.S. oil futures enter a bull market, climbing to a nearly four-week high.
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Oil PricesOil prices see increase as U.S.-China trade talks restart
Crude oil prices were up Monday alongside news of the restart of trade talks between the United States and China, and also after a report of fewer operating rigs after recent price drops.
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Iran SanctionsPolicy Change at China’s Bank of Kunlun Cuts Iran Sanctions Lifeline
Bank of Kunlun, the state-owned bank at the heart of China’s trade with Iran, has made a dramatic change in its policies, informing clients that it will no longer process payments that contravene US secondary sanctions on Iran.
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TwitterTwitter warns of ‘unusual activity’ from China and Saudi Arabia
The bug - discovered on 15 November and fixed the day after - could have revealed the country code of users' phone numbers or if their account was locked, the company said.
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EgyptChina’s $20 Billion New Egypt Capital Project Talks Fall Through
Talks between Egypt and Chinese builder CFLD for a $20 billion development in the new administrative capital have fallen through over disagreements on how to share revenue from the project, Egyptian officials said.
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Armed DronesReport: China is driving use of armed drones in Middle East
The report by the Royal United Services Institute, or RUSI, found that more and more Mideast countries have acquired armed drones, either by importing them, such as Jordan, Iraq, Saudi Arabia and the United Arab Emirates, or by building them domestically like Israel, Iran and Turkey.
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