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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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In ‘Routine’ Action, New Biden Administration to Review Some Arms Sales from Previous Administration to Saudi Arabia, UAE
- January 28,2021
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- SUSTG Team
President Joe Biden’s administration has temporarily paused some pending arms sales to U.S. allies in order to review them, a move that is typical for most new incoming administrations, especially if arms sales are announced just hours before the outgoing administration departs.
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First American Chamber of Commerce Established in Riyadh; ABGR Becomes AmCham KSA
- January 20,2021
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- SUSTG Team
The American Business Group of Riyadh (ABGR) has formally become part of the global network of the American Chambers of Commerce with the announcement that the group will now be known as the American Chamber of Commerce in Saudi Arabia (AmCham KSA), the first such establishment of its kind in the Kingdom.
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Saudi Arabia Postpones Riyadh Airport Expansion Financing after Pandemic
- January 12,2021
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- SUSTG Team
The global pandemic and its impact on travel is causing the Kingdom to delay its plans to raise financing “potentially worth billions of dollars” for the expansion of Riyadh’s airport, sources told Reuters.
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Positive Economic Data Seen in Latest Saudi Chartbook for January 2021 – Jadwa Investment
- January 4,2021
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- SUSTG Team
A more optimistic Saudi private sector reacting to the start of the vaccine rollout in the Kingdom is is being credited for positive data seen for Saudi Arabia’s economy, Jadwa Investment says in its latest Charbook for the month of January 2021. Saudi Arabia’s non-oil PMI saw a significant monthly rise in November, the latest data available and reported […]
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Crown Prince Mohammed bin Salman, Other Top Saudi Officials Get Vaccinated Against Coronavirus
- December 28,2020
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- SUSTG Team
Crown Prince Mohammed bin Salman and top Saudi officials have begun receiving their first dose of the Coronavirus vaccine, imported to the Kingdom earlier this month and rolled out on December 17th, according to the Saudi Press Agency. Wearing a black thobe with his left arm bare to receive the shot, the Crown Prince made a point to ensure […]
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Saudi Arabia Unveils 2021 Fiscal Budget with Spending Reductions, Eying Economic Rebound
- December 16,2020
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- SUSTG Team
Saudi Arabia unveiled a new budget for the 2021 year, cutting spending to rein in a fiscal deficit brought on by a lower oil prices in 2020 and adjusting the Kingdom’s fiscal strategy to a post-Coronavirus pandemic era.
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Saudi-Owned Lucid Motors Completes Phase 1 of Arizona Factory Build, Eyes 2021 Production
- December 8,2020
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- SUSTG Team
Saudi-owned Lucid Motors, a forthcoming EV rival to Tesla, announced that it completed the first phase of construction at its factory in Arizona, eying production of up to 400,000 electric cars per year at the facility after future expansions. Lucid completed the first phase of construction of its factory in Casa Grande, Arizona, and is aiming to start […]
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Saudi Arabia, Yemen’s Houthis on Cusp of ‘Breakthrough’ Deal if Buffer Zone Established – Report
- November 18,2020
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- SUSTG Team
Saudi Arabia and Yemen’s Iran-backed Houthis are on the cusp of a “breakthrough” nationwide ceasefire agreement, Reuters reports, on the condition that the Houthis agree to an establish a buffer zone between the two countries.
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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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MUST-READS
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Raif BadawiOpinion: Europe Stands Up to Saudi Arabia
Merkel and Gabriel have stood by their January decision not to sell Leopard tanks to the Saudis, not least because it's politically unpopular.
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Qatar World CupWorld Cup 2022: European clubs seek “fair solution” from FIFA
The European Club Association includes Chelsea, Bayern Munich and Barcelona. Europe's biggest football clubs are set for talks with Fifa following proposals to switch the Qatar 2022 World Cup from summer to winter. Negotiations are expected to start with football's governing body in the coming weeks but any conclusion may take time.
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ISIS and Mosul MuseumGlobal Art Community Condemns ISIS Destruction of Artifacts at Mosul Museum
The video showing the destruction of ancient works, including statues from the UNESCO world heritage site Hatra, is among the latest attacks on significant artifacts by the Islamist extremists. ISIS has reportedly destroyed thousands of books and manuscripts from Mosul’s central library.
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WaterSaudi poised for sevenfold hike in water reuse
It said "research reports" showed that Saudi Arabia aims to increase water reuse to more than 65% by 2020 and over 90% by 2040 by transforming its existing and planned wastewater treatment assets into water supplies. It said the Saudi government aimed to achieve 100% reuse of wastewater from cities with 5,000 inhabitants or more by 2025. "The kingdom has tremendous potential to enhance water reuse by over seven times to 241 million m3/year," added Jon Freedman.
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YemenYemen feuding parties agree on transitional council
Yemen's feuding parties have agreed on a "people's transitional council" to help govern the country and guide it out of a political crisis, UN mediator Jamal Benomar has announced.
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WaterKingdom aims at 100 percent wastewater reuse by 2025
Saudi Arabia aims to reuse over 65 percent of its water by 2020 and over 90 percent by 2040 by transforming its existing and planned wastewater treatment assets into source water suppliers across all sectors. Valued at over $4.3 billion by Global Water Intelligence, the Kingdom’s water reuse market is the third largest in the world.
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AfghanistanKabul is losing control of Afghan countryside, EU report states
Afghanistan's government is losing control of its territory outside major population centres to the country's insurgent groups, says the EU's asylum agency. "The overall trend is one of decreasing government control outside the larger towns and cities, escalating violence and more insurgent attacks," observed the European Asylum Support Office (EASO).
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Intelligence‘Dramatic Improvement’ in US and European Intel Sharing Because of ISIS
Compared to the summer of 2013, U.S. intelligence professionals have seen a “pendulum swing” in the willingness of European law enforcement to share information with the United States on European citizens, said Nicholas J. Rasmussen, director of the National Counterterrorism Center, or NCTC, on Wednesday.
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EntrepreneurshipFrom KSA to the Arab World: Hadafi funds and mentors female entrepreneurs
In a society where women are still economically marginalized and absent from the labor market, technology entrepreneurship is emerging as a solution that saves them from overlapping responsibilities that hinder their productivity as effective actors in society. Moms busy taking care of their homes and kids are now able to run a whole business online from the comfort of their home. However, despite all these facilities, entrepreneurship still lacks an effective feminine presence. According to a study carried out by Global Entrepreneurship Monitor (GEM), most markets are still masculine.
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EntrepreneurshipSaudi entrepreneurs achieve high success rate, only 16% fail
A top official at the National Entrepreneurship Institute (Riyadah) said on Monday that 84 percent of Saudi entrepreneurs have succeeded in their business ventures, while only 16 percent failed, a percentage considered very high compared to the international standard.
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