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Recent stories from sustg
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Saudi Arabia Enacts Curfew as Kingdom Seeks to Best COVID-19
Saudi Arabia has enacted a curfew to stop the spread of COVID-19 within the Kingdom’s borders, prohibiting citizens and residents from being outside the home at night for three weeks starting Monday.
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Saudi Arabia Widens Travel Ban; Coronavirus Cases Increase
Saudi Arabia has extended flight bans to the European Union and other countries as the Kingdom announced 24 new cases overnight, bringing its total to 45.
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Saudi Arabia launches Y20 summit as a Platform Connecting Youths with G20 leaders
Saudi Arabia launched the Y20 (Youth 20) summit on Sunday evening, a platform which seeks to bring youth voices to international decision-makers.
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Report: Saudi Arabia Pushing for a ‘Major, Short-Term Oil Production Cut’
OPEC and its allies are “considering cutting their oil output by a further 500,000 barrels per day (bpd)” with eyes on mitigating the impact on oil demand from the coronavirus, Reuters and the WSJ report.
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Oil Demand Growth Forecasted to Trend Higher in 2020
Oil demand growth is set to trend higher this year compared with 2019, a recent report from Jadwa Investment finds, citing OPEC forecasts and other global economic factors.
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Saudi Aramco Energy Ventures Prepares New $500m Fund, Opens Office in China
Saudi Aramco Energy Ventures (SAEV), a unit of the kingdom’s energy company, is preparing to start a new $500 million fund this year after completing $500m in investments, Bloomberg reports.
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Riyadh’s Night Skies Light Up with New Years Fireworks for the First Time
The night sky over Riyadh was illuminated with fireworks and light shows to celebrate the beginning of the new decade last night.
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Unemployment declines in Saudi Arabia, further gains seen in 2020 – Jadwa Investment
Unemployment in Saudi Arabia declined in the 3q 2019 and is likely to continue to improve as a pick-up in the non-oil private sector growth should translate to more jobs, according to a recent report from Jadwa Investment.
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Pensacola Shooting Puts U.S.-Saudi Relations in Spotlight; Trump Speaks with King Salman and Crown Prince
A Saudi soldier in training in the United States opened fire on a naval base in Pensacola, Florida on Friday, killing three and wounding 12. Second Lt. Mohammed Saeed Alshamrani was then killed by a sheriff’s deputy who responded to the attack. The attack shocked Saudis and Americans alike.
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Saudi Economy: Consistent Growth in Non-Oil Activity, Modest Overall Growth Forecasted for 2020 — Jadwa Investment
Jadwa Investment has revised downward its forecast for economic growth in Saudi Arabia this year from 1.6% to 0.2% based on recent data, the Riyadh-based firm said in a recently-released report.
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MUST-READS
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Perspective: What is sportswashing? Will it work in Newcastle?
He says PIF is pursuing sports and leisure investments to grow its investment portfolio and diversify the economic interests of the country, which is a major aim of the Saudi government’s Vision 2030 initiative. PIF-backed company LIV Golf Investments invested $200m (SR750.14m) in the Golf Asian Tour shortly after the Newcastle United deal was concluded and PIF itself is close to completing a $370m investment in German e-commerce platform Signa Sports United.
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COP26: Did the Glasgow summit matter for climate change?
"If the success of an international agreement can be measured in its ability to disappoint everyone equally, the Glasgow accord could be seen as a triumph," Hannah Cloke, professor of hydrology at the University of Reading, said in a statement. "From a scientific point of view, we are back in the position where the science is ever clearer but the politics is still worryingly murky."
- NYT - 6 takeaways from the U.N. climate conference.
- CNBC - China and India will have to explain themselves on coal, COP26 president says
- Nature - ‘COP26 hasn’t solved the problem’: scientists react to UN climate deal
- Aljazeera - Infographic: What has your country pledged at COP26?
- Quartz - Five vital lines in the COP26 climate agreement
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Could ‘Eternals’ move the needle in the Mideast by putting a gay character on screen?
Disney, which has declined to comment, is understood to have been unwilling to accommodate requests for different cuts made by various censorship boards in several Middle East nations — something they've been willing to do on past films. It doesn't mean they didn't chop anything out of "Eternals" for the Middle East; it's just that, this time, Disney was willing to make only one version of "Eternals" that would be acceptable across the Arab world, according to sources.
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Hydrogel: A Promising Solution for Water Scarcity in the Middle East?
Over half of Jordan’s water is “non-revenue,” meaning it is lost to leaks or theft. Yet, the state struggles to crack down on water-related corruption. Every year, millions of cubic meters are pumped out of the ground illegally through unlicensed wells. And to satisfy powerful local elites, water-intensive farms continue to operate in unsuitable desert regions, where they draw heavily on underground water.
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‘The Gloves Are Off’: Could Law Firms Abandon UAE for Saudi Arabia?
“The reality is that Saudi leadership clearly wants to deliver on the Vision 2030 programme and to do the other things that the Kingdom wants and needs to do. They need a vibrant professional, service-provider class on the ground, and they’re trying to achieve that. I don’t see that as a threat aimed at Dubai. It’s just the reality of the growth that’s needed in the Kingdom”.
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COP26: Saudi Arabia′s climate strategy — Greenwashing or genuine transformation?
And with Crown Prince Mohammed Bin Salman stepping into the ring of carbon-neutral competitors in the Middle East, illustrated by his attendance at the COP26 climate summit, push has also come to shove for the whole region, with Saudi Arabia competing with the United Arab Emirates to burnish their climate credentials.
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Saudi Arabia’s Red Sea Film Festival: What Can People Expect?
"I think people should come and see the films and let us know…We are sensitive to the environment but we don’t have any restrictions. We’ll be showing films in their entirety. We will be sensitive to the culture around us but we have curated the films we wanted to. We’re presenting what we wanted to and pushing boundaries in our lineups, including in the Arab selection."
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‘A lot to do’ – Will F1’s Saudi GP venue be ready in time?
The Saudi GP is a deal that will last for a decade, if not longer, using the newly-unveiled temporary circuit before a new purpose-built venue is readied in the coming years. Jeddah’s track is based in the Corniche area on the Red Sea and is 3.837 miles in length, making it the longest street circuit in F1 and the second-longest on the calendar, behind only Spa in Belgium.
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What will the US-Egypt Strategic Dialogue look like? Here’s a preview.
The US-Egypt Strategic Dialogue is one of the longest-standing in the region, established under the Bill Clinton administration in 1998 and held periodically since then, apart from a pause from 2009-2015 that occurred with the start of the Barack Obama administration and the subsequent onset of the 2011 Arab uprisings. Though primarily symbolic, the dialogue serves as an opportunity for senior-level engagement across a broad swath of bilateral priorities.
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Will the ailing Turkish economy bring Erdogan down?
Erdogan is facing growing warning signals that his idiosyncratic approach to running Turkey’s $765bn economy is not working. While economic growth looks good on paper, it has not translated into jobs. Inflation reached almost 20 per cent in September, and the currency is losing value. A decade ago it cost around 1.8 lira to buy a single dollar; today that figure is almost 10.
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