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Gradual Private Sector Recovery Underway in Saudi Arabia, Latest Data Indicates – Jadwa Investment
Saudi Arabia’s private sector is beginning to see signs of a gradual recovery, with non-oil PMI rising for the second consecutive month in October, Jadwa Investment says in its latest monthly Chartbook for the Saudi economy.
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G20 Saudi Secretariat Announces Digital Summit to Discuss Inclusive Growth in Aftermath of Covid-19
The G20 Saudi Secretariat as part of the International Conference program announces a four-day digital event series to explore how businesses, governments, and citizens can drive opportunities for inclusive growth through regulation, new technologies, and long-term strategic approaches in the aftermath of the Covid-19 pandemic.
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Road to the G20: Saudi Arabia Hosts Space Economy Leader Meeting
Saudi Arabia’s Space Commission organized 2020′s first meeting of space agency leaders that belong to G20 countries, as part of its chairmanship of the G20 this year.
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Lower Oil Revenue Strains Saudi Fiscal Outlook in 2020; 2021-22 Revenue Forecasts ‘Virtually Unchanged’ — Jadwa Investment
Saudi Arabia announced last week its preliminary budget statement for the 2021 fiscal year, and adjusted downward its revenue forecasts for 2020 in the face of low oil prices and the global pandemic, Jadwa Investment writes in an update.
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Road to the G20: Delegates at U20 Mayors Summit in Riyadh Discuss Transformation of Urban Energy Systems Using Renewables
The 3-day virtual Urban 20 (U20) meeting concluded today as mayors around the world collaborate on ideas and policies that will shape the world’s cities in the years to come.
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Coronavirus, Lockdowns, Low Oil Prices Take Toll on Saudi Economy in 2Q 2020 — Report
Saudi Arabia’s economy contracted 7% year-on-year in the second quarter of 2020 as the toll wrought by the Coronavirus pandemic and lower oil prices becomes clear, according to Bloomberg.
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Road to the G20: This Week’s Events include Energy, Urban-Focused Meetings
SUSTG is covering the events and meetings taking place in the run up to the G20 in November as part of our “Road to the G20” series of posts and featured items.
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Road to the G20: This Week’s Events include Trade, Science-Focused Meetings
SUSTG is covering the events and meetings taking place in the run up to the G20 in November as part of our “Road to the G20” series of posts and featured items.
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OPEC Revises Downward Outlook for Global Oil Demand as Coronavirus Weighs on Crude Recovery
OPEC has downwardly revised its outlook for global oil demand to an average of 90.2 million barrels per day in 2020 (down 9.5% from last year) as the Coronavirus weighs on crude recovery, according to reports, citing a recent publication from OPEC on Monday.
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King Salman, President Trump Speak by Phone; Discuss ‘Fair and Permanent’ Solution to Israel-Palestinian Peace
Saudi Arabia’s King Salman and President Trump spoke by phone over the weekend, discussing several issues of importance to the U.S.-Saudi relationship, including a recent push by President Trump’s son-in-law Jared Kushner to make progress resolving the Israel-Palestine issue.
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MUST-READS
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Saudi Arabia to reveal roadmap to turn aviation sector into $2bn industry
Details of the roadmap will be set out at the 2024 Future Aviation Forum, convening 5,000 leaders, including private investors, operators, and service providers, set to be held in Riyadh from May 20 to 22. The plan comes after Saudi Arabia revised its 2030 tourism target upwards from 100 million to 150 million visitors in October 2023. The forum is set to be hosted by the General Authority of Civil Aviation, and the organization’s President Abdulaziz-Al Duailej said: “General aviation is vital to growing high-value sectors of the Saudi economy, including tourism, business and entertainment events.
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Half of Gaza water sites damaged or destroyed, BBC satellite data reveals
Hundreds of Gaza's water and sanitation facilities have been damaged or destroyed since Israel began military action against Hamas, satellite analysis by BBC Verify has found.
Damage to a major supplies depot has also severely disrupted repairs.
The lack of clean water and flows of untreated sewage pose a serious threat to health, say aid agencies.
The Israel Defense Forces told the BBC that Hamas cynically exploits civilian infrastructure for terror purposes.
The destruction comes despite Israel's duty to protect critical infrastructure under the rules of war, unless there is evidence sites are being used for military reasons, say human rights lawyers.
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UN General Assembly backs Palestinian bid for membership
The United Nations General Assembly on Friday overwhelmingly backed a Palestinian bid to become a full U.N. member by recognizing it as qualified to join and recommending the U.N. Security Council "reconsider the matter favorably."The vote by the 193-member General Assembly was a global survey of support for the Palestinian bid to become a full U.N. member - a move that would effectively recognize a Palestinian state - after the United States vetoed it in the U.N. Security Council last month.
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Saudi Arabia woos investors with lucrative business environment
Khairy added: “The Kingdom has already started to take serious steps to capitalize on its exceptional location through the establishment of logistics and free trade zones, coupled with efforts to diversify the economy under Vision 2030, attracts foreign investment and fosters trade partnerships.”
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Why Netflix’s Honeymoonish director thinks the Middle East needs more rom-coms
Honeymoonish is the first Arab film to reach number one on Netflix's weekly Top 10 chart of the most-watched non-English TV films, accumulating 14 million views in its second week of release.
It is a surprising and exciting result for the cast, crew and particularly for Lebanese director Elie El Semaan, considering it is his first film.
“I'm very happy,” El Semaan tells The National. “The feedback we were getting from day one was bigger than I expected, to be honest. And not only from the Gulf region but from all over the world.”
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Saudi crown prince MBS delays visit to Pakistan for unspecified reasons
Saudi Arabia’s crown prince has deferred his visit to Pakistan for unspecified reasons, dimming the much-anticipated event that Islamabad was hoping would secure further investments and agreements between the two allies.
Saudi crown prince Mohammed bin Salman had been expected to visit Pakistan on 19 May, but according to media reports, that has now been delayed until a later date while Islamabad and Riyadh continue to work out an agreed-upon schedule.
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Cases of Botulism in Saudi Arabia linked to mayonnaise, product recalled
Saudi authorities on Saturday announced that the source of recent cases of food poisoning in Riyadh at a popular burger chain in the Kingdom has been tracked to a bacterium found in a mayonnaise product used by the chain. Last month, scores of cases of Botulism were reported in the Kingdom which were linked to the Hamburgini restaurant chain, prompting the authorities to take necessary measures and open a probe into the matter.
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Saudi Arabian universities need to embrace the AI revolution
The launch in December 2023 of the National Framework for Artificial Intelligence in Digital Learning by the National eLearning Center – set up in 2018 before the outbreak of the COVID19 pandemic, which has been a significant game changer in the distance education scenario – confirms the serious commitment of the Saudi establishment to the use of AI at all educational levels.
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Al Hilal wraps up Saudi League title; Jesus touts season as model of excellence
Al Hilal manager Jorge Jesus lauded the 2023/24 season as "spectacular" after the team clinched the Roshn Saudi League title with a 4-1 victory over Al Hazem. This win secured Al Hilal’s 19th Saudi Arabian league crown and solidified their unbeaten record this season, highlighting a dominant performance throughout.
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US Marines conduct long-range convoy throughout Saudi Arabia
The convoy, part of Exercise Native Fury 24, saw collaboration between US Marines and Sailors alongside Army Soldiers and members of the Royal Saudi Armed Forces. This exercise, sponsored by US Central Command and executed by US Marine Corps Forces Central Command, underscores the commitment to joint training and cooperation between allied nations. With over 600 personnel participating from various units and partner nations, Exercise Native Fury 24 encompasses a range of activities, including on-load and off-load operations using commercial maritime shipping, urban combat training, and dynamic training events across Saudi Arabia and the United Arab Emirates.
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