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Recent stories from sustg

  • ‘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 […]

     
  • Vision 2030 Opportunities ‘Unprecedented in the Region’, HSBC Exec Says as Bank Plans Saudi Expansion
     

    HSBC is planning to add staff to its Saudi Arabian operations as the kingdom embarks “on one of the biggest economic transformations attempted by any country,” the bank’s regional chief Georges Elhedery told Reuters, via the New York Times. HSBC, which started as the Hong Kong and Shanghai Bank and is now based in London, is a […]

     
  • Plans to Tap Massive Tourism Potential for Saudi Arabia’s Red Sea Unveiled
     

    Saudi Arabia wants to turn hundreds of miles of its Red Sea coastline into a global tourism destination, according to an announcement by the government’s Public Investment Fund (PIF) and reports. The development will include “50 islands and 34,000 square kilometers — an area bigger than Belgium — between the cities of Umluj and Al Wajh […]

     
  • WHO Says Saudis are ‘Well-Prepared’ To Handle Cholera Risk at September’s Hajj
     

    The World Health Organization (WHO) said on Friday that Saudi Arabia’s authorities are “well prepared” to handle annual and new challenges surrounding the Hajj pilgrimage this year, taking place in September. Notably, a cholera epidemic in Yemen, which has infected more than 332,000 people, could spread during the world’s largest annual gathering, the World Health Organization […]

     

MUST-READS

  • Saudi Schools Launch Mandarin Classes For Young Students!

    Saudi Arabia has started offering Chinese-language classes in schools to provide young Saudis with new language skills and promote cultural understanding. The initiative, which began this year, is part of an education agreement between Saudi Arabia and China signed in the previous year.

  • Will a Turkey-Iraq Security Agreement Diminish Iran’s Hold Over Iraq?

    The MoU, which followed a historic visit to Iraq in April by Turkish President Recep Tayyip Erdogan, is a significant maneuver intended to solidify Turkey’s influence in Iraq. By labeling the Kurdish Kurdistan Workers Party or PKK a “banned organization,” Turkey seeks to legitimize its cross-border operations and strengthen its foothold in Iraqi politics and security.

  • Oil hasn’t been this cheap for years. You can thank China

    Oil futures were trading below $70 a barrel on Wednesday, the lowest levels they’ve seen since 2022. One of the factors hitting prices is the wrong kind of OPEC cut: The cartel said in its monthly oil report Tuesday that it is now forecasting global oil demand to increase by just 2 million barrels per day this year, down from the 2.1 million barrels it mentioned last month.

  • Afghan women endure draconian Taliban, 23 years after 9/11

    But 23 years after 9/11, the Taliban hold sway. Their fundamentalist interpretation of Islamic doctrines is the law of the land. Their draconian edicts once more asphyxiate Afghanistan society. And Afghan women, as they were a generation ago, are yet again thwarted from school, restricted in all they can do and banned from revealing their faces and even their voices in public.

  • BlackRock-managed fund buys stake in Saudi-Bahrain pipeline

    A BlackRock-managed fund (BLK.N), opens new tab has bought a minority stake in a pipeline linking Saudi Arabia and Bahrain from Bahrain state oil firm Bapco Energies, the two firms said on Wednesday, as the small Gulf state tries to extract value from its energy assets. A fund managed by BlackRock's Diversified Infrastructure business bought the stake in Saudi Bahrain Pipeline Company (SBPC), they said in a joint statement.

  • Saudi Arabia to stage first-ever Billboard Arabia Music Awards

    Saudi Arabia’s Billboard Arabia is set to stage the first-ever Billboard Arabia Music Awards (BBAMAs) in Riyadh to celebrate the Arab musical talent from across the region. The awards is set to take place on December 11, 2024, at King Fahad Cultural Center in Riyadh, and will form part of the first-ever Riyadh Music Week, an initiative bringing together the global music community for a series of music festivals and events.

  • Saudi Aramco Boosts Cooperation With Chinese Petrochemical Giants

    The agreement is a follow-up of an April cooperation agreement about forming the joint venture in SASREF, as well as significant investments in the Saudi and Chinese petrochemical sectors. Rongsheng could potentially buy 50% stake in SASREF, the development of a liquids-to-chemicals expansion project at SASREF, while Aramco could acquire 50% in Rongsheng’s affiliate Ningbo Zhongjin Petrochemical Co. Ltd. (ZJPC), and participate in ZJPC’s expansion project.

  • Saudi: Nationwide Initiative To Replace Old ACs

    Previously, a similar effort targeted seven major Saudi cities and ended in late 2023. Created in 2010, the Saudi Energy Efficiency Centre also launched an initiative for installing high-efficiency air conditioners that ended in late 2021. The air conditioner market in Saudi Arabia is projected to rise in value from the current SR2.3 billion to SR3.1 billion by 2029, according to a recent media report.

  • Qualcomm, Aramco and RDIA Plan Design in Saudi Arabia Startup Program

    Qualcomm, through its subsidiary Qualcomm Technologies, Inc., Aramco, and Saudi Arabia’s Research, Development and Innovation Authority (RDIA) are planning to launch Design in Saudi Arabia (DISA). DISA is envisaged to be an incubator program for Saudi Arabia that aims to support startups that are adopting AI, Internet of Things (IoT), and wireless technologies for industrial use cases.

  • KAPSARC Leverages GIS for Off-Grid EV Charging in Saudi Arabia

    So, while EVs certainly lower greenhouse gas emissions, EVs will continue to emit CO2 until the grid is completely green. Thus, charging EVs off-grid with a charging mechanism based on 100% renewable energy creates EVs that produce no tailpipe emissions and none from the charging power.

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