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  • Private-Sector Program ‘Direction’ in Saudi Arabia Boosts Cross-Cultural Understanding, Dialogue
     

    A private-sector program in Saudi Arabia is seeking to enhance relations between the Kingdom and nations around the world through delegations of Saudi youths in order to spread “a culture of moderation and respect for others” in line with the Kingdom’s Vision 2030. The program, called “Direction,” designs, executes and manages supportive programs for Saudi and Arab […]

     
  • Saudi Arabia Doubles Down on Industrial Development Program; Seeking over $400 Billion in Investment
     

    Saudi Arabia is seeking to attract 1.6 trillion riyals (nearly $429 billion) in private sector investment over the next 10 years for an infrastructure and industrial program, according to an announcement over the weekend and at an investment conference in Riyadh today. Investments will be made through the National Industrial Development and Logistics Program (NIDLP), […]

     
  • Fahad Nazer Named New Saudi Embassy Spokesperson in Washington
     

    The Royal Embassy of Saudi Arabia in Washington has appointed Fahad Nazer as official spokesperson, according to a press release and announcement made public yesterday. Nazer, who has been a contributor to SUSTG.com as well as Arab News and other publications in the region and United States, replaces Ms. Fatimah Baeshen, who served in the role since September 2017 […]

     
  • Secretary of State Pompeo Meets Top Saudi Leadership in Riyadh
     

    Secretary of State Mike Pompeo held talks with Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman in Riyadh on Monday, discussion topics ranging from the conflicts in Syria and Yemen, threats from Iran and the Saudi response to the killing of Washington Post columnist Jamal Khashoggi last year, according to reports. The Associated Press reports that Pompeo spent […]

     
  • Production Cuts Begin with Big Drop in Crude Oil Supply; Prices Rise
     

    Oil output from OPEC countries fell 530,000 barrels a day to 32.6 million a day last month, Bloomberg reports, in what amounts to the sharpest pullback since January 2017. The cut in supplies is a response by the group to a global glut of oil on the market and a falling price for oil on international indices […]

     
  • Saudia-Owned Flyadeal Selects Boeing for Expansion Fleet with $3.5b in New Planes
     

    Saudi Arabian discount carrier Flyadeal will switch from an all-Airbus SE fleet to Boeing jets after ordering 30 737 Max narrow-body planes worth $3.5 billion at list prices, according to a Bloomberg report. The Chicago, Illinois-based Boeing has been in competition with France-based Airbus for the order since mid-2016, according to the report. The airline committed to […]

     
  • In Dhahran, Energy Secretary Perry, Al-Falih Discuss Oil Markets, Nuclear Possibilities
     

    U.S. Energy Secretary Rick Perry held a round of talks with Saudi Minister of Energy Khalid Al-Falih and Aramco CEO Amin Nasser as well other energy industry figures in Dhahran, Saudi Arabia, according to reports. The top energy officials from the U.S. and Saudi Arabia discussed oil markets and nuclear power possibilities. Saudi Arabia’s energy minister Khalid al-Falih […]

     
  • High Stakes as Saudi Arabia, Russia Leaders Meet on Sidelines of G20
     

    Top officials from Russia and Saudi Arabia are set to test their energy policy coordination through a series of meetings this week, both in Argentina on the sidelines of the G20 meeting and in Vienna, Austria next week for a meeting between OPEC and non-OPEC producers. Crude futures have fallen more than 25 percent since climbing to a four-year peak […]

     
  • Significant Step Taken in U.S.-Saudi THAAD Missile Deal
     

    A personal call between President Donald Trump and King Salman Saudi Arabia helped to finalize an agreement in which the Kingdom will buy Lockheed Martin’s $15 billion THAAD missile defense system, according to reports. The U.S. State Department said the Saudis and U.S. officials signed letters of offer and acceptance documents on Monday, formalizing terms for Saudi’s […]

     
  • Yemen’s Government to Join Peace Talks with Houthis, CNN Reports
     

    Yemen’s Saudi-backed government confirmed it will participate in United Nations-sponsored peace talks in Sweden, according to CNN, which cited the Saudi Press Agency. The announcement came shortly before the United Kingdom introduced a draft resolution on Yemen at the UN Security Council on Monday in which it calls for a ceasefire in Yemen and a two-week […]

     

MUST-READS

  • Saudi FM calls for UN reform

    The UN system must be reformed to create a fairer and more equitable world order, Saudi Arabia’s foreign minister said on Monday. Addressing the UN at its headquarters in New York City, Prince Faisal bin Farhan warned that international institutions are “unfit for purpose,” as demonstrated by the UN’s inability to hold Israel accountable for “all the atrocities it has committed.” He was speaking a day after UN member states voted to adopt the “Pact for the Future,” a campaign to bring multilateralism “back from the brink” and galvanize support for achieving the organization’s Sustainable Development Goals.

  • Saudi Aramco to raise up to $3 bln in two-tranche dollar Islamic bonds, sources say

    Saudi Aramco (2223.SE), opens new tab is planning to raise up to $3 billion in five and 10-year U.S. dollar-denominated sukuk, or Islamic bonds, according to two sources with direct knowledge of the matter and a term sheet reviewed by Reuters on Tuesday. The sources could not be named as the information on the deal size had not yet been made public. Aramco, mostly owned by the Saudi Arabian government, did not immediately respond to a request for comment.

  • Saudi real estate: Dar Global, Mouawad announce MASSIVE $235mn luxury residential project in Riyadh

    The development, located near the World Expo 2030 site in the north of the city, marks Dar Global’s entry into the Saudi market and Mouawad’s expansion into luxury real estate. The project, set for completion in Q4 2026, will comprise 200 residential villas designed to blend contemporary aesthetics with timeless elegance. It aims to become one of Riyadh’s most prestigious addresses, catering to discerning buyers seeking sophisticated living spaces.

  • Saudi Arabia ranks 1st for government strategy in Global AI Index 2024

    Saudi Arabia has retained its top ranking for Government Strategy in 2024’s Global AI Index compiled by Tortoise Media, meanwhile the Kingdom shot up in the overall index from 31st place to 14th place.

  • Revealed: 100 best places for women to work in the GCC

    The 100 best places for women to work in the GCC have been revealed by a global research, training and consultancy firm. Great Place to Work revealed the top workplaces for women in 2024, breaking down the list to include 25 large, 25 medium and 50 small companies with outstanding female-friendly workplace culture across the region.

  • Saudi Arabia’s fiscal breakeven oil price is rising fast. What will the kingdom do about it?

    In May of 2023 the International Monetary Fund forecast the kingdom’s breakeven oil price at $80.90 per barrel, which moved it back into a fiscal deficit following its first surplus in nearly a decade. To be sure, the fiscal breakeven isn’t the price at which Saudi Arabia makes a profit on crude but the average oil price it needs to balance the books. The IMF’s latest forecast, in April, put that breakeven figure at $96.20 for 2024; a roughly 19% increase on the year before, and about 32% higher than the current price of a barrel of Brent crude, which is trading at around $73 as of Wednesday afternoon.

  • Iran gave Russia missiles but no launchers, sources say

    Iran did not include mobile launchers with the close-range ballistic missiles that Washington last week accused Tehran of delivering to Russia for use against Ukraine, according to three sources with knowledge of the matter. The sources - a European diplomat, a European intelligence official and a U.S. official - said it was not clear why Iran did not supply launchers with the Fath-360 missiles, raising questions about when and if the weapons will be operational.

  • Riyadh to host second edition of Saudi Film Confex in October

    Riyadh is preparing to host the second edition of the Saudi Film Confex from October 9 to 12, aimed at advancing the Kingdom’s film industry and fostering investment and partnership opportunities, following the success of the inaugural event. The event will feature 30 panel discussions and workshops, addressing critical topics such as film financing and production planning, according to a report by Saudi Broadcasting Authority.

  • Art, music, fireworks shows on for Saudi National Day celebrations

    The General Entertainment Authority has announced there will be fireworks displays across Saudi Arabia. On Sept. 22, Umm Ajlan Park in the capital is hosting, for free, the nation’s biggest fireworks display, a drone show, and a folklore event, starting at 9 p.m. There will also be fireworks displays at Jeddah Promenade from Friday to Monday starting at 6 p.m. On the same day, as a part of the festivities, there will be an air show at Jeddah’s North Corniche with planes flying in formation and leaving green smoke trails across the sky.

  • Soundstorm is Soaring as Saudi Focuses Spotlight on Local Artists

    As Saudi gears up for National Day on September 23, a cultural movement is building steam for local artists through Soundstorm. While this day honors the Kingdom’s rich past, SOUNDSTORM, the Riyadh music festival is powering the nation’s bold future. Happening on Dec 12-14, it’s more than a music festival. Soundstorm sets sights in transforming Saudi Arabia and it’s local artists into a global cultural powerhouse.