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Saudi Arabia Adjusts Fiscal Outlook for 2022, Jadwa Investment Sees ‘Conservative’ Approach by Saudi Ministry of Finance
- October 4,2021
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- SUSTG Team
Saudi authorities released a preliminary budget statement for the 2022 fiscal year on 30th September 2021, and some fiscal and economic indicators were revised for the medium term. According to a report and analysis by Jadwa Investment, the main adjustment to Saudi Arabia’s fiscal outlook “relates to government revenue, with the upward revision to revenue from 2022 […]
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Mashable Review: ‘The Lucid Air is the Future of Cars’
- October 1,2021
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- SUSTG Team
Lucid Group, Inc., the electric car maker backed by Saudi Arabia’s Public Investment Fund (PIF), recently gave a sneak peak of its forthcoming Lucid Air Dream Edition to a small group of media representatives at its main factory in Casa Grande, Arizona. One of those media people, Chris Taylor from Mashable, gave the car a […]
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Unemployment Among Saudi Citizens Hits Lowest in the Decade as Economy Continues Recovery
- September 30,2021
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- SUSTG Team
Unemployment of Saudi citizens dropped to 11.3% in the second quarter of this year, the lowest in a decade, according to the government’s General Authority for Statistics, as signs continue to mount that the Saudi economy is continuing to recover from the global pandemic.
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ACWA Sets IPO Price at Top End of Range; Mulls Green Bond Options in 2022
- September 29,2021
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- SUSTG Team
Saudi Arabia’s ACWA Power International, one of the Kingdom’s main vehicles for building renewable energy projects, has set the offer price for its IPO at the top of a range, Bloomberg reports. According to that report, ACWA Power International will sell shares at 56 riyals ($14.93) apiece after the institutional part of the offering ended, and will raise $1.2 billion for […]
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U.S. National Security Adviser Jake Sullivan Visits Saudi Arabia, Meets with Crown Prince Mohammed bin Salman
- September 28,2021
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- SUSTG Team
President Joe Biden’s national security adviser, Jake Sullivan, visited Saudi Arabia on Monday and met with Crown Prince Mohammed bin Salman, according to reports.
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Saudi Arabia’s Tadawul Likely to End 2021 With 30 New Listings This Year – CMA Head
- September 27,2021
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- SUSTG Team
Saudi Arabia’s stock exchange will likely end the year with more than 30 new listings as the Kingdom’s IPO bonanza in 2021 continues, according to comments from the Kingdom’s head of its Capital Markets Authority Mohammed El-Kuwaiz. El-Kuwaiz made the comments on Monday at a conference in Riyadh, according to Reuters.
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Diriyah Contemporary Art Biennale, First of its Kind in Saudi Arabia, Announces Artists
- September 24,2021
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- SUSTG Team
The upcoming Diriyah Contemporary Art Biennale – the first art event of its kind to be held in Saudi Arabia – announced participating artists for the exhibition called Feeling the Stones, according to a report in The Art Newspaper. The event is scheduled to take place starting December 11 and running for three months, concluding March 11, 2022.
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Saudi Arabia Celebrates 91st National Day in Kingdom with Patriotic Airshows, Events and Fireworks
- September 23,2021
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- SUSTG Team
Saudi Arabia is celebrating its 91st Saudi National Day today, marking the formation of the modern-day Kingdom with the unification of the Nejd and Hejaz by King Abdulaziz Al-Saud in 1932. The Kingdom’s version of the 4th of July will be celebrated this year under the slogan “A Home for Us.”
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Oil Drives Exports Rebound in July 2021 after Pandemic Year
- September 22,2021
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- SUSTG Team
Saudi Arabia’s exports continued to show signs of a rebound, with total exports rising 79.6% in July 2021 versus the same month last year when the global pandemic choked international trade and oil prices remained lower.
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Residential Mortgages Soar in Saudi Arabia; Commercial Rents in Riyadh See Post-Pandemic Recovery
- September 21,2021
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- SUSTG Team
Roughly five years after the launch of the Kingdom’s National Transformation Plan (NTP), a key part of the Saudi Arabia’s Vision 2030 social and economic masterplan, Saudi is seeing major initial progress in the real estate sector, with new residential mortgages soaring 1000% since 2016, according to a report from industry powerhouse KnightFrank.
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MUST-READS
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SyriaReport on Syria conflict finds 11.5% of population killed or injured
Fatalities caused by war, directly and indirectly, amount to 470,000, according to the Syrian Centre for Policy Research (SCPR) – a far higher total than the figure of 250,000 used by the United Nations until it stopped collecting statistics 18 months ago.
- Military.com - US Won't Intervene in Syrian-Russian Assault on Aleppo: Pentagon
- NYT (paywall) - Russian Intervention in Syrian War Has Sharply Reduced U.S. Options
- Defense One - Dispatch from the Turkish Border: Syrians Waiting in Vain for the World
- World Post - Russia Proposes March Truce In Syria, But No Agreement Has Been Reached
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Border SecurityRestricting Muslim travelers to the US does little to keep Americans safe
The VWP is a frequent scapegoat for politicians looking for gaps in security measures that might otherwise better protect us from terrorism.
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SyriaSyria conflict: Major rebel town ‘seized’ in boost for Assad
Syrian government forces say they have seized the last major town held by rebels in western Latakia province.
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Snowzilla‘Snowzilla’ wreaks havoc on US – in pictures
A near record blizzard smothered the eastern United States on Saturday, shutting down New York and Washington in a colossal storm that left 15 people dead and affected some 85 million residents.
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ICTSaudi Arabia to invest $133M to pump up Arab ICT startups
The fund will maintain its headquarters in the Saudi capital but will open an international arm at 3000 Sandhill Road in Menlo Park, California. Besides ICT, the fund will focus on energy, sustainability, and advanced materials.
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IraqIraq conflict: Civilians suffering ‘staggering’ violence – UN
The UN says violence suffered by civilians in Iraq "remains staggering", with at least 18,800 killed between 1 January 2014 and 31 October 2015.
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State of the Union AddressObama ridiculed for saying conflicts in the Middle East “date back millennia.” (Some don’t date back a decade.)
“Writing off a conflict as based in “ancient hatreds” makes it easy for international actors to excuse their lack of coherent policy, or worse, to offer simplistic solutions.”
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Regional TurmoilPerspective: What the Saudi Arabia-Iran Conflict Means for Stability
But the real issue is long-term. Much of the chaos in the region is a byproduct of the struggle between stability and instability.
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Israel-PalestineIsrael indicts two in deadly arson attack on Palestinian home
Israeli prosecutors brought formal charges on Sunday against two Jewish Israelis accused of killing three Palestinians, all members of one family, in an arson attack in July.
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Anti-ISIS CampaignIraq PM vows to defeat ISIS in 2016 after army’s first major victory
A triumphant Iraqi Prime Minister Haider al-Abadi declared on Monday that the coming year would see his forces defeat Islamic State, after his military achieved its first major victory since collapsing in the face of the fighters 18 months ago.
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