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U.S. Secretary of State Blinken, Saudi FM Discuss Yemen Cooperation by Phone; State Department Condemns Houthi Attacks
- February 11,2021
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- SUSTG Team
U.S. Secretary of State Antony Blinken discussed diplomatic efforts to end the war in Yemen and bolstering Saudi Arabia’s defenses in a call with Saudi Foreign Minister Prince Faisal bin Farhan Al Saud on Wednesday, the U.S. State Department said.
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Saudi Research and Marketing Group Hires Two Goldman Bankers as Execs, Looks to Expand
- February 10,2021
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- SUSTG Team
Saudi media powerhouse Saudi Research & Marketing Group (SRMG) hired two bankers from Goldman Sachs Group Inc. in the Gulf in a bid to to bolster its regional and global presence, according to a report in Bloomberg.
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World #1 Dustin Johnson Handily Wins the Saudi Arabia’s Third Saudi International Golf Tournament at Royal Greens
- February 8,2021
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- SUSTG Team
The world’s number one golfer, Dustin Johnson, handily held off some of the sport’s biggest names making last minute pushes to claim the Saudi International golf title at the Royal Greens Golf and Country Club.
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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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Rare Rain Challenges Golfers on Second Day of Saudi International at KAEC
- February 5,2021
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- SUSTG Team
It only rains an average of 6 days a year at the King Abdullah Economic City near Jeddah, Saudi Arabia, but tour professionals visiting the Kingdom for the Saudi International powered by SoftBank Investment Advisers had to deal with on-and-off showers on day two in their battle to advance up the leaderboard.
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Saudi International Kicks Off with English golfer David Horsey with a Day One Lead
- February 4,2021
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- SUSTG Team
This week’s Saudi International kicked off today at the Royal Greens Golf and Country Club in King Abdullah Economic City, Saudi Arabia, playing host to an impressive field of star Tour pros.
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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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Johnson Favored as Saudi Arabia Gears Up for 3rd Saudi Invitational; Nicklaus Agrees to Design New Course at Qiddiyah
- February 2,2021
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- SUSTG Team
Saudi Arabia’s flagship annual golf tournament begins Thursday with world number one golfer Dustin Johnson as the favorite to win at the Royal Greens Golf Club in King Abdullah Economic City, Saudi Arabia. The Saudi Invitational, presented by the Public Investment Fund offers a purse of €3,019,002 ($3,630,712.19), with the strongest-yet field of 138 players set to compete. 12 Major […]
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Saudi Arabia’s Non-Oil PMI Ended 2020 with ‘Remarkable Rise’, TASI Flat in January – Jadwa Investment
- February 1,2021
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- SUSTG Team
Saudi Arabia’s non-oil Purchasing Managers Index (PMI) ended the year with a “remarkable rise” in December, with the index hitting its highest reading since November 2019, Jadwa Investment said in its latest Chartbook publication dated February 2021.
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In Op-Ed, Ambassador Princess Reema bint Bandar Says Gender Equality Must Be A Global Priority
- January 29,2021
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- SUSTG Team
In a passionate op-ed published by Harper’s Bazaar Arabia, Saudi Ambassador to the U.S., H.R.H. Princess Reema Bint Bandar Al Saud urges leaders and others around the world to do more to support gender equality and argues “there is no better time to advance women’s roles in society than now.”
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MUST-READS
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EntrepreneurialSeedstars World ends search for Saudi Arabia’s best startups
After the spin of four rounds in four different Saudi cities, the international seed-stage startups competition, Seedstars World brought its Saudi round to a successful close during Seedstars Riyadh on Sunday.
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InvestmentExotix partners up with Saudi Arabia’s NCB Capital
Exotix Capital, an investment bank specialising in developing markets, has teamed up with Saudi Arabia’s NCB Capital to provide frontier and emerging markets research and local execution services.
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U.S.-IranGulf Arab states should be party to proposed Iran treaty talks: UAE official
Washington’s Gulf Arab allies should be included in proposed treaty negotiations with Iran over its ballistic missile program and regional behavior, a senior Emiriati official said on Thursday.
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StartupsSeedstars World Is Searching for the Best Startups in Saudi Arabia
The companies selected to pitch at any of the events need to be less than 2 years old, have raised less than $500,000 in funding and built a minimum viable product, ideally with existing traction. The Seedstars team is searching for one additional criterion: the startup’s regional and global scalability.
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Global Energy MarketsAnalysis: The Start Of Saudi Arabia’s Power Play?
Shaky emerging market developments have been bearish for oil prices lately, with WTI falling to $68 per barrel by the end of the trading week after a $70 per barrel mid-week peak and Brent decreasing to $76.7 from a $79.5 per barrel peak on September 4.
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IPSaudi Arabia participates in Intellectual Property Conference in Beijing
The Saudi Authority for Intellectual Property (SAIP) participated in the Second Intellectual Property Conference of the Countries along the Belt and the Road 2018, which was launched in the Chinese capital Beijing under the patronage of the President of the People’s Republic of China, Xi Jinping.
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Hajj: 2018Riskiest Part of Haj Begins in Saudi Arabia
Pop-out player More than two million Muslims from 165 countries gathered to throw stones at a large wall near the holy city of Mecca, Saudi Arabia on Tuesday.
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EconomySaudi Arabia’s budget deficit declines by 84% in second quarter
The Saudi finance ministry said the country’s budget deficit in the second quarter fell by 84 percent to 7.4 billion riyals.
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Global Oil MarketsCommentary: Saudi Arabia Is Starting to Stockpile Oil Again
Crude oil exports from the five Persian Gulf Arab members of OPEC fell by about 1.1 million barrels a day last month, after surging in June, according to Bloomberg tanker tracking.
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Music StreamingDeezer Raises $185M, Enters Partnership With Saudi Arabia-Based Rotana
This round of investors includes Kingdom Holding Company, Rotana Group, Access Industries, Orange and LBO France. Deezer has also entered into an exclusive long-term partnership with Rotana, a media leader in the Middle East, to distribute the Saudi Arabia-based company’s audio and visual content in the Middle East and North Africa.
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