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Recent stories from sustg
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Crown Prince Mohammed bin Salman Opens Sakaka Solar Plant; Announces 7 More Projects
- April 9,2021
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman announced the opening of the Sakaka solar power plant on Thursday, and said that agreements have been signed for seven more solar power projects throughout the Kingdom, according to reports.
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Photos Show Riyadh’s New Metro System, Set to Begin Operation This Year
- April 5,2021
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- SUSTG Team
New photos from the AFP published in Gulf News show Riyadh’s forthcoming new metro rail, set to connect the city long plagued by significant traffic woes and enable citizens to get around between the city’s districts.
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Princess Reema bint Bandar Headlines 2nd Day of Virtual U.S.-Saudi Business Forum; Calls for a ‘Restart’ in U.S.-Saudi Relations
- March 24,2021
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- SUSTG Team
Saudi Arabia’s Ambassador to the United States, Princess Reema bint Bandar Al-Saud, gave the keynote address this morning at the virtual U.S.-Saudi Business forum and discussed the path forward for U.S.-Saudi business and diplomatic relations, women empowerment, and rebounding from the effects of the pandemic on the global and local economy. The comments, delivered virtually […]
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Japanese Firm Eyes Saudi Arabia as Next Mega-Solar Project Destination – Report
- March 23,2021
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- SUSTG Team
Japanese trading house Marubeni is looking to open a megasolar plant in Saudi Arabia by June 2023, the company’s first solar project in the country and fourth in the Middle East, the Japanese news website Nikkei reports. Marubeni has formed a joint venture with Saudi utility Al Jomaih Energy and Water for the plant, which is […]
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‘Arab News’ Releases Impressive Graphical Feature on Saudi Arabia’s Heritage Sites
- March 17,2021
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- SUSTG Team
English-language daily news site Arab News has released a graphical feature item on its website detailing the five Saudi historic sites inscribed on UNESCO’s World Heritage List.
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OPEC+ Poised to Agree to Production Increase This Week as Oil Continues Climb
- March 3,2021
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- SUSTG Team
The OPEC+ group of oil producing nations is poised to agree to a production increase this week as it looks to add more supply as prices continue to recover from 2020 lows, according to reports. “There’s a widespread view within the group that the market can absorb additional barrels,” Bloomberg reports, citing people familiar with the […]
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Saudi Arabia to End Contracts with Foreign Companies Without a Regional HQ in the Kingdom After 2023
- February 16,2021
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- SUSTG Team
Saudi Arabia announced on Monday that it will stop signing contracts with foreign companies from 2024 unless their regional headquarters are based in the Kingdom, part of a push to give more of the Kingdom’s economic opportunities to countries that will hire local talent and compete with neighboring cities in other Gulf nations.
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Crown Prince Mohammed bin Salman Announces Significant New Reforms to Judicial System, Push Toward Codified Law
- February 9,2021
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammed bin Salman announced on Monday plans to approve a set of new draft laws designed to enhance the efficiency and integrity of the kingdom’s judicial system, a step that would eventually lead to an entirely codified law.
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Saudi Arabia on Thursday Welcomed President Biden’s Commitment to help the Kingdom Defend Its people and Territory
- February 5,2021
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- SUSTG Team
U.S. President Joe Biden promised to bring an end to the war in Yemen, pulling back further U.S. support for operations within that country while simultaneously promising to boost the U.S.-Saudi relationship and offer U.S. security for the Kingdom and its people.
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Latest Data: Improvements in Saudi Arabia’s Labor Market in Line with Pick-up in Overall Economic Activity
- February 3,2021
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- SUSTG Team
Unemployment in Saudi Arabia declined to 14.9 percent in Q3 2020, the latest date for which such data are available, down from 15.4 percent in Q2 2020, a recent report from the Riyadh-based Jadwa Investment finds, citing figures from the official General Authority for Statistics.
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MUST-READS
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Investor interest in Saudi hotel sector is growing, so why are there so few rooms outside cities?
Thamer Alrajeeb, a former member of the Riyadh Chamber of Commerce and Industry’s Tourism Accommodation Committee, said investment in the tourism sector in major cities is encouraging, particularly in Riyadh in support of the Saudi Entertainment Authority initiatives. It is not profitable in other cities, however, where operations are seasonal during a period of a few months each year, usually coinciding with school holidays or good weather.
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Yemen: Who are the UAE-backed Giants Brigades?
Pro-government force, composed mainly of southern fighters, proves crucial in advances against Houthi movement in Shabwah
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Which countries are ditching cash at the fastest rate?
The Covid pandemic has forced consumers to embrace electronic payments in greater numbers, but some countries still prefer physical methods.
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Will oil prices spike to $100/b in 2022?: Podcast
We asked several oil market experts to weigh in on the same question: Will OPEC allow oil prices to reach $100/b in 2022?
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Opinion: Is another Gaza war inevitable?
Since Hamas seized control of the Gaza Strip in June 2007 there have been four significant military escalations: Operations Cast Lead (2008-09), Pillar of Defense (2012), Protective Edge (2014), and Guardian of the Walls (2021). Bitter experience would seem to indicate that another round is only a matter of time.
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The Takeaway: Iraq’s elections: What comes next?
The Iraq Supreme Court finally certified Iraq’s Oct. 21, 2021, election results on Dec. 27, and Iraqi President Barham Salih signed a decree on Dec. 30 to convene the 329 seat Council of Representatives, or parliament, on Jan. 9, 2022.
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What are the fastest growing cities in the world?
The fastest-growing cities in the world, according to the UN, are Delhi, Shanghai, Dhaka, Kinshasa, Chongqing, Lahore, Bangalore, Lagos, Cairo and Beijing. Investment Monitor profiles them all.
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Perspective: New realities in the Gulf – What’s in store for 2022?
Rather than deepening ideological divisions and polarisation in the Middle East, Gulf states spent 2021 prioritising trade, investment, and economic cooperation. Riyadh and Abu Dhabi’s improved ties with Ankara have also highlighted this trend. So has the warming of Saudi-Omani relations.
- Where Does Gold Come From in Africa? Suspected Smuggling to Dubai Rings Alarms – Bloomberg
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A lucrative investment? Saudis pour millions into camels during Riyadh festival
Camels are the quickest way to wealth and profit, says Nasser AlAjmi, a Kuwaiti camel owner attending the event, adding that it is better than investing in real estate or the stock market.
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