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Recent stories from sustg

  • Keeping Track of Saudi Arabia’s Public Investment Fund’s Expanding Footprint
     

    Saudi Arabia’s Public Investment Fund (PIF) has created a handful of new companies in several sectors in the Kingdom while investing in many others, injecting capital and a new competitor in the housing, energy, waste and recycling, tourism, transportation sectors and more. As the PIF’s role in the Saudi economy increases, critics say the mega-fund will crowd out private […]

     
  • Goldman Sachs Head Lloyd Blankfein Visits Saudi Arabia, Calls Changes in Kingdom ‘Striking’
     

    Goldman Sachs Group’s CEO visited Saudi Arabia this week and praised the Kingdom’s reform efforts on Twitter, calling the progress in Saudi Arabia “striking.” Lloyd Blankfein visited Saudi Arabia after speaking on a panel with the managing director of Saudi Arabia’s sovereign wealth fund, Yassir Al-Rummayan, on September 20th. In comments on that panel, Blankfein said Saudi […]

     
  • With Historic Decree on Saudi Women Driving, An Economic and Social Game-Changer
     

    Saudi women and champions of equal rights around the world embraced a decision by Saudi Arabia’s King Salman to allow women to drive for the first time, a landmark royal decree that will change the Kingdom’s economy and society in countless ways. Saudi Women will now be able to legally apply for their own driving licenses without having to secure […]

     
  • ‘NTP 2.0’ Keeps Key Policies and Privatization Plans in Place, Report Says
     

    Revision to Saudi Arabia’s National Transformation Plan (NTP), dubbed ‘NTP 2.0’ that was released a year ago will keep key policies of fiscal reforms and a massive privatization program in place, sources familiar with the matter told Reuters. “It is looking increasingly unlikely that some of the targets can be hit by their 2020 deadline, however, partly […]

     
  • Eid Mubarak from the SUSTG Team
     

    This week marks the start of Eid al-Adha, the greater of the two Eid celebrations and one of the holiest occasions in the Islamic calendar. The SUSTG team wishes our readers and Muslims around the world a happy and blessed Eid season!

     
  • With Hajj Beginning on Wednesday, Saudi Arabia Welcomes Millions from 178 Countries
     

    Saudi Arabia is making final preparations and welcoming millions of pilgrims into its borders for the annual Hajj pilgrimage, which begins Wednesday and lasts until September 4. The hajj is one of the five pillars of Islam, which capable Muslims must perform at least once, marking the spiritual peak of their lives. Worshippers from over […]

     
  • Looking East, Saudi Arabia Plans $20b Investment Fund with China, Al-Falih Says
     

    Saudi Energy Minister Khalid al-Falih said that the Kingdom and China plan to establish and operate jointly a $20 billion investment fund, sharing costs and profits on a 50:50 basis, according to a Reuters report based on comments from the minister. H.E. Al-Falih, who is Saudi Arabia’s Minister of Energy, Industry, and Mineral Resources, was […]

     
  • Kushner Flies to Jeddah, Saudi Arabia to Meet with Crown Prince Mohammed bin Salman
     

    Senior advisor to President Trump Jared Kushner was in Jeddah on Tuesday as part of a US delegation that met with Saudi Arabia’s Crown Prince Mohammed bin Salman. According to reports, the US delegation also included Jason Greenblatt, special presidential representative for international negotiations, and Dina Powell, deputy national security advisor for strategy. The delegation […]

     
  • Saudi Government Says It Will Charge Offenders Accused of Spreading Hate Speech Online
     

    Saudi Arabia’s Department of Public Prosecution will now have the “powers to charge offenders who are accused of spreading hate speech, creating social conflict and threatening peace and security through social media channels,” according to a Bloomberg story, which cited a government statement. The statement accompanied the “summoning” of social media users who were “called in” […]

     
  • U.S., Saudi Forces Conduct Joint Military Exercise in Tabuk, Saudi Arabia
     

    U.S. and Saudi Arabia’s ground forces on Thursday concluded a joint military exercise, translated as “Earnest Leader 2017” in Tabuk, Saudi Arabia. The exercise “aimed to develop and strengthen military relations, plans and programs between the two countries.” The joint exercise was held in the presence of Maj. Gen. Dhafer bin Ali Al-Shehri, commander of the Northwest […]

     

MUST-READS

  • Saudi influence over gaming extends far beyond esports

    There’s the PIF’s numerous stakes in game publishers themselves, which include sizeable investments in behemoths such as Nintendo (8.26 percent), Electronic Arts (9.2 percent) and Koei Tecmo (6.6 percent), as well as complete ownership of smaller publishers such as mobile gaming publisher Scopely. Then there’s ESL/FACEIT Group, the prominent esports league operator that Savvy purchased for $1.5 billion in 2022. And that’s not to mention the multitude of smaller bets that the PIF has made in gaming, which range from a sponsorship of the annual Esports Awards to the backing of Rolling Stone’s new gaming vertical, which launched last month.

  • Cristiano Ronaldo, N’Golo Kante, turn Euro 2024 into referendum on Saudi Pro League

    There are 14 players participating in the Euros who ply their club trade in the Saudi Pro League, having been lured by the whopping sums offered as the Middle East nation tries to rapidly build its domestic competition into one of the world's best. Ronaldo is the headliner, just like he always is, and how effectively he and the other members of the Saudi export collective perform over the coming weeks is a de facto referendum that could have a seismic impact on what happens next in global soccer.

  • Saudi Arabia begins early preparations for Hajj 2025

    Saudi Arabia has begun preparations for Hajj 1446 H/2025 season at the Closing Ceremony of the current Hajj season. Dr. Tawfig Al-Rabiah, Minister of Hajj and Umrah, highlighted the achievements of the current year and detailed the groundwork for the upcoming pilgrimage season. Dr. Al-Rabiah underscored the importance of early and meticulous planning, noting the guidance of the Custodian of the Two Holy Mosques King Salman, and the vigilant oversight of Crown Prince Mohammed bin Salman.

  • PGA Tour commissioner says sides are making progress on deal with Saudi backers of LIV Golf

    “With complexity comes opportunity,” he said before the start of the Travelers Championship at the TPC River Highlands. “There are a lot of different factors at play, but nobody who is having the conversation is unaware of the complexity. And everyone, I think, is embracing the fact that there are obstacles and things you’ve got to overcome in a complex situation.

  • Saudi Taekwondo Champion Dunya AbuTaleb Soars to Fourth in World Rankings

    AbuTaleb, already the first Saudi woman to qualify for the Paris 2024 Olympics, has her sights set even higher. With her recent Asian Championship gold medal (another first for Saudi women's taekwondo), she's considered a strong contender for the World Championship bronze medal.

  • Mapping The World’s Refugee Population

    According to a report by the UNHCR, the number of people fleeing war, persecution and conflict exceeded 117 million. This number is up eight percent from the year before and increased by 31 percent compared to 2021.

  • More than 550 hajj pilgrims die in Mecca as temperatures exceed 50C

    At least 550 pilgrims have died during the hajj, underscoring the gruelling nature of the pilgrimage which again unfolded in scorching temperatures this year.

    At least 323 of those who died were Egyptians, most of them succumbing to heat-related illnesses, the two Arab diplomats coordinating their countries’ responses told AFP.

  • Saudi Arabia Tops Global Cybersecurity Rankings

    The Kingdom of Saudi Arabia has secured the top position globally in the cybersecurity indicator, according to the 2024 World Competitiveness Yearbook published by the Swiss-based Institute for Management Development (IMD). National Cybersecurity Authority (NCA) Board of Directors Chairman Dr. Musaed Al-Aiban congratulated the Saudi leadership on this achievement. He highlighted it as a confirmation of the country's leading role in international cybersecurity and a testament to its commitment to Saudi Vision 2030.

  • Israeli army knew of Hamas’s plans on 7 October, report finds

    The Israeli army and intelligence services had detailed knowledge of Hamas’s plan to attack Israel and take captives weeks before the 7 October attack, a newly surfaced document reveals. A report by Israel’s Kan News says the report, titled “Detailed End-to-End Raid Training”, was compiled by the Israeli army’s Gaza Division, distributed on 19 September 2023, and was known to top intelligence officials. The document went through Hamas’s intentions and described in detail the series of exercises conducted by the Palestinian group’s elite units.

  • What the Middle East can tell us about surviving in a hotter, drier future

    Our research work in countries with extreme temperatures recognizes that despite the harsh conditions—including the lack of water and intense heat—arid ecosystems have produced resilient flora and fauna, which have been forced to adapt in unique and novel ways. Desert animals like the oryx have developed the innate ability to conserve energy and survive when land is dry and food is scarce, and most plants in the desert don’t require a lot of water to thrive.