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Recent stories from sustg
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Saudi Cabinet Shakeup Places Khalid Al-Falih in Charge of New Investment Ministry
Saudi Arabia has shaken up its government investment bodies with a major change to SAGIA, the Saudi Arabian General Investment Authority, making the body a full ministry and replacing former Governor Ibrahim Al-Omar with former Saudi Aramco head Khalid Al-Falih, the King revealed in a series of royal decrees. In three separate royal orders, Eng. Ibrahim bin […]
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Secretary of State Pompeo Arrives in Riyadh for 3-Day Visit, his Second of 2020
Secretary of State Mike Pompeo arrived in Riyadh today for a three-day visit to meet with Saudi officials. During his visit to Riyadh, Pompeo is scheduled to meet senior Saudi leaders and visit Saudi Aramco’s Khurais oil field, which was targeted in a missile attack in September that both the kingdom and the U.S. blame on Iran. Tehran denied involvement […]
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Princess Reema bint Bandar Gives First Interview to Arab Newspaper as Ambassador: ‘Saudi Arabia is Washington’s Closest Partner in Region’
Princess Reema bint Bandar gave her first interview with an Arab newspaper since assuming her position in Washington, telling Asharq Alawsat that Saudi Arabia is Washington’s closest partner in the region and that the strategic Saudi-American partnership is not affected by which party the president of the White House belongs to.
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Will Saudi Arabia soon be an exporter of gas?
Saudi Arabia plans to start exporting gas and will soon make a major announcement on the topic, the country’s energy minister said.
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Saudi Arabia and Kuwait Agree to Resume Oil Production from Neutral Zone Fields
Saudi Arabia and Kuwait will resume joint production at two oilfields from a shared neutral zone between the countries, according to Bloomberg, ending a five-year dispute that sidelined production from the area.
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Pompeo, Saudi Counterpart Prince Faisal bin Farhan Meet in Washington Wednesday
US Secretary of State Mike Pompeo met with Saudi Arabia’s foreign minister Prince Faisal bin Farhan in Washington Wednesday to discuss Iran, Yemen, and other issues of mutual interest.
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In Detailed Report, CBRE Highlights ‘Game Changer’ Saudi Entertainment Industry
American commercial real estate services and investment firm CBRE Group, Inc., the largest commercial real estate services company in the world, recently released a graphic-filled and detailed report on Saudi Arabia’s bourgeoning entertainment industry, which it calls a “game changer.”
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Flights to Saudi Capital Double as 66-day Riyadh Season Proves a Major Boon to Kingdom’s New Tourism Drive
Flight bookings for travel to Riyadh from October 2019 to January 2020 more than doubled compared to the same period in the previous year, Arabian Business reports, citing data from the Seera Group, a Saudi-based travel and tourism company.
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Saudi Olympic Football Team Qualifies for Tokyo 2020, First Olympic Soccer Bid in 24 Years
Saudi Arabia and Korea Republic have become one of the first three Asian teams to secure a trip to the Summer Olympics in Tokyo, Fifa reports.
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With Tensions Soaring, Saudi Arabia Keeps Eyes on Cyber Threat from Iran
As tensions soar between the United States and Iran, Saudi officials are keeping close tabs on emerging cybersecurity threats that may be emanating from the Islamic Republic, according to a report.
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On the Second Anniversary of Mahsa Amini’s Death, Where Do Women Stand in Iran?
Large numbers of women are appearing in public without headscarves and a newly inaugurated government includes a woman cabinet minister, a female vice president in charge of the environment and a woman spokesperson. Despite these efforts, the number of women in the government of President Masoud Pezeshkian is fewer than during the two terms of President Mahmoud Ahmadinejad (2005-2013) and only slightly higher than during the tenure of Hassan Rouhani (2013-2021). There remains skepticism about the depth of these gestures, as Iranian women continue to face substantial structural barriers and cultural attitudes that hinder progress toward gender equality.
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Ronaldo’s Saudi Arabian club Al-Nassr fires another coach
“Al-Nassr can announce that head coach Luis Castro has left the club,” the club said on social media. “Everyone at Al-Nassr would like to thank Luis and his staff for their dedicated work during the past 14 months, wishing them the best of luck for the future.” The Riyadh club drew 1-1 against Al-Shorta of Iraq on Monday in the opening game of the AFC Champions League Elite.
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Saudi’s Red Sea International Co. Subsidiary Signs $405.8 million MEP Works Contract
Red Sea International Company, Saudi Arabia announces that its subsidiary, The Fundamental Installation for Electric Work Co. Ltd. has signed a contract with Modern Building Leaders Co. The value of the contract is SAR 1.52 billion. The contract is related to Supply, installation, testing, and commissioning of mechanical, electrical, plumbing (MEP), and infrastructure works in one of the projects. The duration of the contract is 19 months.
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Saudi Arabia’s SURJ Sports Investment ‘enters race’ for EuroLeague investment
The outlet reports that shareholders in EuroLeague Commercial Assets, the parent company of the EuroLeague and second-tier EuroCup competition, are aiming to sell about a third of the business. It is said to be aiming to sell a minority stake at a €1 billion (US$1.11 billion) valuation. According to the FT, the group is working with investment bank LionTree on the sale process.
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Saudi Arabia’s Boeing 777 road trip: Epic journey from Jeddah to Riyadh’s 2024 Runway
The journey by road of three retired Boeing 777 aircraft of Saudi Arabian airlines (Saudia) from Jeddah to Riyadh has captivated people’s attention throughout Saudi Arabia as onlookers share the aircraft voyage through the deserts and mountains by posting videos and pictures on social media platforms. The Boeing aircraft, which will be displayed at the Riyadh Season 2024 Boulevard Runway zone covered about 1,000 kilometers, from Jeddah airport to Riyadh, on big trucks. The bodies of the planes were transported after their wings, fuselages and other functional components were taken apart.
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IMG teams up with Alamiya Media for Saudi soccer production
IMG, the sports marketing agency giant, has enlisted Alamiya Media, the Saudi-based production facilities company, to provide additional facilities and resource services for its coverage of domestic soccer’s Saudi Pro League (SPL) competition and Saudi Arabian Football Federation (SAFF) games. The partnership follows IMG’s recent appointment by the SPL and SAFF to deliver production services for matches across the top-tier Saudi league, Saudi Super Cup, and King’s Cup.
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Christie’s to open new franchise in Saudi Arabia
The renowned auction house Christie’s is expanding its presence in the Middle East by opening a franchise in Riyadh, led by managing director Nour Kelani. This will be Christie’s second outpost in the region, following the 2005 opening of Christie’s Dubai, which has had a significant impact on the promotion of Arab art and creativity, both contemporary and modern.
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Industry Minister launches Rafed Program for university-based factories
Bandar Alkhorayef, Minister of Industry and Mineral Resources, launched today, Sept. 16, the Rafed Program, which aims to establish innovative factories at universities and technical colleges across the Kingdom, the Saudi Press Agency reported.
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Christie’s will become first global auction house to operate in Saudi Arabia
Heading up the firm’s latest location is Nour Kelani, who has been appointed to the newly created role of managing director, Christie’s Saudi Arabia. Based in the capital Riyadh, she will lead Christie’s client services for the fine art and luxury secondary business to “build on long-established clientele in the Kingdom and engage with the next generation of collectors”, according to a release.
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Saudi Aramco wants to be a major LNG gas player, gas chief says
The world's largest oil producer, Saudi Aramco (2222.SE), opens new tab, wants to become a major liquefied natural gas player, the head of its natural gas business said on Tuesday. Saudi Aramco has taken the first steps to reach a goal of becoming a major LNG player, said Abdulkarim Al-Ghamdi, an Aramco executive vice president, at the GasTech energy conference in Houston. The Saudi oil giant last year acquired from EIG Global Energy Partners LLC a minority stake in MidOcean Energy for $500 million, its first foray into LNG abroad. This month, it increased its stake to 49%.
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