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Saudi Arabia’s ACWA Power Begins Construction on South Africa’s Largest Renewable Project
- May 13,2021
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- SUSTG Team
Saudi-based ACWA Power has announced the start of construction on the 100MW Redstone solar thermal project in South Africa following financial close of the deal, according to reports.
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Saudi Arabia, Arab League Blast Israel’s ‘Excessive Force’ in Gaza
- May 12,2021
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- SUSTG Team
Saudi Arabia’s foreign minister on Tuesday condemned Israel’s attempts to evict Palestinians from their homes, as the Kingdom and the Arab League “angrily denounce” what they call the use of excessive force in Gaza.
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Saudi Arabia’s Public Investment Fund Reportedly Eyes IPO for Security Company Elm
- May 11,2021
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- SUSTG Team
Elm, the digital security firm owned by Saudi Arabia’s Public Investment Fund (PIF), is exploring a roughly $2 billion initial public offering (IPO), Bloomberg reports.
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Eid Al-Fitr to Start Thursday, Saudi Scholar Says; Saudis to Look for Crescent Moon
- May 10,2021
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- SUSTG Team
A Saudi scholar and advisor to the Royal Court predicts that Ramadan will end on Wednesday May 12th and the Eid Al-Fitr will begin on Thursday May 13th, according to a report in Gulf News. The precise ending of the 30 days-long Ramadan for the world’s 1.8 billion Muslims will depend on the sighting of the youngest […]
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Saudi to Make COVID-19 Vaccinations Mandatory for All Public and Private Sector Workers
- May 7,2021
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- SUSTG Team
All public and private sector workers wishing to attend a workplace in Saudi Arabia will be required to have taken a COVID-19 vaccination, the human resources ministry said on Friday. The ministry did not say when the new rule would take effect.
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Startup Ecosystem in Saudi Arabia Begins to Thrive
- May 6,2021
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- SUSTG Team
Saudi Arabia’s startup ecosystem is beginning to thrive as new and increasingly larger investments into young Saudi companies continue to mount.
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Saudi Arabia to Serve as Launch Point for Major Cruise Line for First Time in 2021
- May 5,2021
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- SUSTG Team
Saudi Arabia will become the launch point for a major cruise line for the first time later this year, CNN reports, with MSC Cruises operating a new series of voyages exploring the Red Sea coast of the Kingdom.
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IMF Sees Continued Recovery for Saudi Economy with Real GDP Growth at 2.1% in 2021
- May 4,2021
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- SUSTG Team
The IMF projected real GDP growth for the Saudi economy at 2.1% in 2021 and 4.8 % in 2022 (compared to a contraction of -4.1 % in 2020), according to a statement issued at the conclusion of the IMF staff mission for the Kingdom 2021 Article IV.
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Flurry of U.S.-Saudi Diplomatic Activity as Allies Huddle on Yemen, Mutual Interests
- May 3,2021
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- SUSTG Team
Top diplomatic officials from the U.S. and Saudi Arabia met in Riyadh over the weekend to discuss bilateral relations and areas of mutual interest, according to official government accounts and information shared on Twitter. Several meetings were held between the two allies. Saudi Arabia’s top diplomat, Prince Faisal bin Farhan Al-Saud, and the Kingdom’s Ambassador to the […]
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Saudi Economy: TASI Rises in April, and Consumer Spending Bounces Back
- April 30,2021
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- SUSTG Team
Recent data on Saudi Arabia’s economy showed a mixed picture for the Kingdom, with non-oil PMI trending lower in March, month-on-month, while remaining in expansionary mode, according to Jadwa Investment and official government figures.
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MUST-READS
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Perceptions of Saudi ArabiaA Study in Contradictions: A Tenement Museum Employee Visits Saudi Arabia
How is it possible for a woman to look fabulous in the shapeless cloak of the abaya? Similarly, abaya style and the choice of veil, embroidered colors versus austere black, and pairings with designer handbags and heels or Uggs all made me wonder what the abaya actually communicated about religion, ideas of gender, and personal style. In addition to my fascination with women’s clothing, I experienced shock at the discovery that I rather liked the look of men in dresses and couldn’t stop thinking about when and how pants became the official menswear of most of the world.
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Israel-PalestineDo Americans Care About the Israeli-Palestinian Conflict?
It’s well recognized that the level of public passion on issues varies, and those who care most about the issue matter the most for policy makers. Overall, Americans who rank the Israeli-Palestinian issue among the top three tend to want the United States to lean toward Israel more. But this is not necessarily a clear indication of what policy should be, in part because of another issue that Americans rank highly in their priorities: human rights.
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U.S. - IsraelAmerican Public Attitudes Toward the Israeli-Palestinian Conflict
After the collapse of Israeli-Palestinian peace negotiations earlier this year and the devastating violence of this summer’s Gaza war, tensions between Israelis and Palestinians are on the rise. Voices on both sides of the conflict question the United States’ traditional role as shepherd of Israeli-Palestinian peace negotiations, and Americans seem increasingly skeptical about their government’s engagements in the Middle East. Nonresident Senior Fellow Shibley Telhami conducted a survey on American public attitudes toward the Israeli-Palestinian conflict; below are several key findings and a download to the survey's full results.
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Saudi FootballAngry Saudi soccer clubs pinpoint Gulf labour market contradictions
The clubs' complaint mirrors problems across the Gulf with government efforts to encourage preferential employment of nationals. The complaint is particularly stark given that the kingdom unlike smaller Gulf states like Qatar and the United Arab Emirates still boasts a population in which nationals constitute a majority, if only a slim one.
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Lebanon and the RegionThe Syrian Conflict and the Ascendancy of the Lebanese Armed Forces East Institute
Quietly over the past few years, the LAF has been developing a credible force, with U.S. assistance. The training and materials geared toward counterterrorism, internal security, and border control were not seen by Hezbollah as a threat to its military arsenal of rockets and long range missiles. As it turns out, the LAF was better prepared for the Syrian crisis and its spillover into Lebanon.
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Al-Qaeda in AfghanistanUS military continues to claim al Qaeda is ‘restricted’ to ‘isolated areas of northeastern Afghanistan’
A recently issued report on the status of Afghanistan by the US Department of Defense has described al Qaeda as being primarily confined to "isolated areas of northeastern Afghanistan." But information on Afghan military and intelligence operations against the global jihadist group contradicts the US military's assessment.
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Saudi Banking SectorStrong outlook predicted for Saudi banking sector
Saudi banks’ high net income is expected to continue to drive robust internal capital generation and substantial loss-absorption capacity. Although capitalisation levels to decline slightly as the banks increase lending.
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LebanonLebanon’s politics paralyzed by regional conflict
With Lebanon's most powerful political parties funded and often directed by regional powers, the country has for decades been affected by events in the Middle East.
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LibyaBenghazi district residents urged to leave
Libya's army has asked residents in a central district of the port city of Benghazi to leave before a major military operation against Islamists.
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Economic PolicyNo restrictions on foreign investment licenses in Saudi Arabia: SAGIA
Director of Information and Communication at the Saudi Arabian General Investment Authority (SAGIA) denied that Riyadh intends to limit the number of licenses issued under the system of foreign investment. In comments to the state-owned Saudi Press Agency (SPA), SAGIA Communications Director Nasser Al-Tawayan said that reports that Saudi Arabia aims to limit the number of foreign investment licenses to just 100 per year were “baseless and untrue.” “It is not logical for SAGIA to adopt such a trend since it is incompatible with the basic principles underlying the economic policy of the Kingdom of Saudi Arabia which is based on openness, flexibility and the application of the concept of the free market in general,” he said.
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