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Saudi Arabia Will Host a Formula One Race Next Year for the First Time
- November 6,2020
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- SUSTG Team
Saudi Arabia will host a Formula One race next year, a move aimed at boosting tourism, sports and entertainment in the Kingdom, according to reports.
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Saudi Arabia Announces Planned Reforms to Expatriate Labor System, in Place for Seven Decades
- November 5,2020
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- SUSTG Team
Saudi Arabia on Wednesday announced plans to abolish the seven-decade-old labor sponsorship system known as “kafala” in the Kingdom, a step forward for the country’s modernization drive and economic reform plans, according to reports.
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Saudi Arabia’s Gas Production Hits All-Time High as Push Into Sector Pays Off
- November 4,2020
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- SUSTG Team
Saudi Arabia’s heavy investments to expand natural gas production in recent years is paying off in the form of record production of the fuel, according to Bloomberg, which cited latest figures from Saudi Aramco’s third-quarter results released on Tuesday.
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A Second Straight Month of Growth for the Saudi Non-Oil Private Sector
- November 3,2020
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- SUSTG Team
Saudi Arabia’s non-oil private sector saw a second straight month of expansion in October, as figures show output grew at a “solid pace,” Reuters reports. The seasonally adjusted IHS Markit Saudi Arabia Purchasing Managers’ Index (PMI) rose to 51.0 in October from 50.7 in September. The 50.0 mark separates growth from contraction.
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Road to the G20: B20, T20 Meetings Conclude Ahead of Main G20 Event
- November 2,2020
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- SUSTG Team
SUSTG is covering the events and meetings taking place in the run up to the G20 in November as part of our “Road to the G20” series of posts and featured items. Saudi Arabia just wrapped up the hosting of the B20 business-focused group, as well as the T20 meetings last week. The Business 20 […]
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As Saudi Non-Oil Revenue Soars, Uncertainty Looms Over Oil Market
- October 30,2020
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- SUSTG Team
Saudi Arabia saw a significant boost in non-oil revenue in the third quarter of this year, with an increase of 63% year-on-year to SR123 billion ($32.8 billion), new data shows, an encouraging trend for policymakers as the market for oil continues on an uncertain path in the face of a global pandemic and global economic slowdown.
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Saudi Arabia’s MoFA Issues Statement Condemning Terrorist Attack in Nice, France
- October 29,2020
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- SUSTG Team
Saudi Arabia’s Ministry of Foreign Affairs issued a statement strongly condemning the terrorist attack that occurred near the Notre Dame church in Nice, France, where three people were killed in a knife attack Thursday morning.
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Saudi Arabia Plans $2 billion Boost for Space Program by 2030
- October 28,2020
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- SUSTG Team
Saudi Arabia is planning an 8 billion riyals ($2.1 billion) boost for its space program, The Saudi Space Commission (SSC), by 2030 under an economic diversification plan that aims to attract foreign investment and create thousands of jobs for young Saudis, Reuters reports.
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Images: Architect Jean Nouvel Reveals Design for Sharaan Resort in Al-Ula, Saudi Arabia
- October 28,2020
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- SUSTG Team
French architect Jean Nouvel unveiled his design for Sharaan, a new resort hidden within the rock dwellings of Al-Ula, a cultural oasis in north-west Saudi Arabia.
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Top Names in Golf Commit to Saudi International Tournament in February
- October 27,2020
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- SUSTG Team
Saudi Arabia’s annual golf tournament secured two of the sports top names to compete in February, winning commitments from the world’s top-ranked golfer and the latest major championship winner on Monday to play in the Saudi International. Dustin Johnson, the world’s number one golfer, and Bryson DeChambeau, who won the U.S. Open by six strokes in […]
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MUST-READS
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Saudi-RussiaSaudi Arabia, Russia enhance commercial and investment partnership
Following the meetings, the two sides expressed satisfaction with the fraternal and constructive atmosphere that prevailed in the meetings and bilateral relations between the two countries.
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Ring Home SecurityRing partners with Al-Jammaz to provide smart home security in Saudi Arabia
Ring has evolved as a leading brand in the smart home security space represented by more than 16,000 stores across North America. Ring’s products have been hailed globally as a dependable second set of eyes and ears to deter thieves from breaking into homes and communities.
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Music in Saudi1979, the year that changed arts and culture in Saudi Arabia
This renaissance reached its peak in the 1960’s when the musical band of the Saudi army was established. This band was later transformed into an orchestra, which attracted a number of Arab musicians from Syria, Lebanon and Egypt. This fostered a musical revival across the kingdom and several musical bands and singers emerged.
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Saudi FootballManchester United agree strategic partnership in Saudi Arabia
Manchester United have signed a memorandum of understanding with the General Sports Authority of Saudi Arabia to help develop football industry in the country.
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ExtremismSaudi Arabia, Home of Islam, Will Start Policing Prophet Muhammad’s Teachings to Stop Terrorism
Saudi Arabia, which has long been linked to global terrorism, now says it will police the teachings of the Prophet Muhammad to make sure followers of Islam do not use twisted and radical interpretations of Islamic traditions to foment violence and terrorism.
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Transport MinistrySaudi Arabia appoints new transport minister as part of kingdom’s economic overhaul
The kingdom is overhauling its transport sector as part of Vision 2030 that seeks to incorporate greater private sector participation in the economy. Last month's decision to lift the driving ban on women drivers is also expected to transform the transport sector and fuel economic activity.
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SMEsFour in 10 Startups in Saudi Arabia Are Owned by Women
“This proves that the role of women in economic development has improved,” said the Governor of the General Authority for Small and Medium Enterprises (SMEs) in Saudi Arabia, Ghassan Al-Sulaiman.
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Nuclear PowerSaudi Arabia seeks international partners to develop nuclear and atomic energy sector
The officials are said to have discussed the feasibility study of the Saudi project’s initial technical aspects, as well as front end engineering designs (FEED) for the construction of the project’s first two reactors.
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Grand MosqueSaudi Arabia to restart work on $26.6 bln Grand Mosque expansion
Saudi Binladin Group will restart work next month on the $26.6 billion expansion of the Grand Mosque in Mecca, nearly two years after work stopped in the wake of a crane collapse at the site that killed 107 people, sources told Reuters on Thursday.
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Eastern Province UnrestWhy part of a Shia town in Saudi Arabia has been flattened
A Saudi government source says that Musawara's narrow streets and abandoned buildings serve as a "criminal's haven" and that Saudi police were unable to patrol the area because of the intensity of the attacks against them.
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