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Recent stories from sustg
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Pompeo Meets with King Salman, FM Prince Faisal bin Farhan in Riyadh
Secretary of State Mike Pompeo met with King Salman and Foreign Minister Prince Faisal bin Farhan in Riyadh today, photos from the Saudi Press Agency show.
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Saudi Cabinet Gives Approval to Saudi Export and Import (Exim) Bank, Launch Expected Soon
Saudi Arabia’s Council of Ministers has approved regulations for the creation of a new Saudi Export and Import (Exim) Bank on Tuesday during a session presided over by Custodian of the Two Holy Mosques King Salman at Al-Yamamah Palace.
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Jadwa Investment: Saudi Inflation Set to Rise Slightly in 2020; Non-Oil Private Sector to Pick Up
A recently-released report by Jadwa Investment notes that the Kingdom will see a slight increase in inflation in 2020 on expectations of a continued pick-up in non-oil activities and an elevated level of consumer spending.
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Saudi Aramco Makes $5 million Investment in Blockchain-Based Oil Trading Company VAKT
Saudi Aramco Energy Ventures (SAEV) has invested $5 million into blockchain-based oil trading company VAKT, the company said in a press release.
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Israelis Can Now Go to Saudi Arabia For Religious Pilgrimages, Business Visits, Israel Says; Saudi Says ‘Our Policy is Fixed’
UPDATE: Saudi Arabia’a Foreign Minister said Israelis were not welcome to visit the kingdom, CNN reported on Monday. “Our policy is fixed. We do not have relations with the state of Israel and Israeli passport holders cannot visit the kingdom at the current time,” CNN quoted Prince Faisal bin Farhan as saying. [Reuters] —- A new […]
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Kingdom’s Domestic Tourism, Entertainment Push Leads to Declines in Saudis Visiting Dubai
The number of Saudi tourists visiting Dubai in 2019 dropped as Saudi Arabia begins to see major gains in its domestic tourism market and local entertainment offerings.
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Saudi Health Officials, Experienced with MERS-CoV, Take Preventative Measures against New ‘Wuhan’ Coronavirus
Officials in Saudi Arabia are taking precautions to stop the spread of a new coronavirus from China, screening arriving passengers and nurses to prevent a public health threat, according to reports.
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The Economic Impact of Saudi Arabia Hosting the G20 Summit
A recent report from Jadwa Investment looks at the economic impact of Saudi Arabia hosting the G20 Summit, noting that while the Riyadh has hosted major summits before, “the G20 summit differs due to the sheer number of different events related to it” with more than 120 workshops, ministerial meetings and specialized seminars scheduled throughout […]
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Prince Khalid bin Salman Meets with President Trump at White House
Saudi Arabia’s deputy defense minister Prince Khalid bin Salman held several meetings with top U.S. officials yesterday in Washington, D.C., including Secretary of Defense Mark Esper, Secretary of State Mike Pompeo, and President Donald Trump.
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A Look at Saudi Arabia’s 2020 Budget
This week, Saudi Arabia unveiled its 2020 budget, which signals an end to the expansionary trend of recent years, assumes lower oil prices than in 2019, and continues to invest in the economic diversification as outlined in the Kingdom’s Vision 2030 economic and social reform plans.
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MUST-READS
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MBC Group picks new Saudi location for Season 8 of “Top Chef”
Production of the new season of “Top Chef” will take place in the NEOM Media Village, home to four world-class sound stages and resort-style lodgings for cast & crew, with every episode featuring rigorous challenges designed to push the chefs’ skills to the limit.
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Saudi unemployment rate continues its downward trend, reaching 7.6% in 1Q 2024
The unemployment rate for all Saudis continued its downward trend after recording a drop to 7.6 percent in the first quarter of 2024 compared to 7.8 percent during the fourth quarter of 2023. This rate became close to more than the Vision 2030 target, which has been set at seven percent, according to the Labor Market Bulletin for the first quarter of 2024, released on Sunday, by the Saudi General Authority for Statistics (GASTAT).
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Saudi Foreign Ministry highlights women empowerment in diplomacy
The Kingdom’s Foreign Ministry held a seminar here on Sunday titled “The Role of Women in Diplomatic Work,” the Saudi Press Agency reported. The event at the Prince Saud Al-Faisal Institute for Diplomatic Studies was held to mark last week’s UN International Day of Women in Diplomacy. Among those who attended were Saudi Arabia’s Deputy Foreign Minister Waleed bin Abdulkarim Al-Khuraiji, female ambassadors to the Kingdom, and members of the foreign diplomatic corps.
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Who does Saudi Arabia play in 2026 FIFA World Cup qualifiers?
Saudi Arabia learned its 2026 FIFA World Cup qualifying fate on Thursday as the Green Falcons were handed a tough third round group that includes fellow Asian heavyweights Australia and Japan. Roberto Mancini’ side, which labored to a second place finish behind Jordan in second-round qualifying, will need to improve if it is to claim a spot at the World Cup finals in the USA, Canada and Mexico in two years’ time.
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Saudi Arabia expands footprint in Djibouti with major investment projects
The Saudi Ajyal Petroleum and Energy Company laid a cornerstone for the $12.7 billion refinery project in Djibouti Damerjog International Park (DDIP), south of the country’s capital, earlier this week with the presence of Abdoulkader Kamil Mohamed, the Prime Minister of Djibouti. An agreement to create Saudi Logistics City in the Djibouti port free zone was reached earlier this month by a group of Saudi businessmen.
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Kuwait’s sovereign wealth fund plans to open office in Saudi Arabia
Al Mudhaf highlighted Saudi Arabia's increasing investment significance and its growing role in global economic decisions. This move follows a visit by a Saudi business delegation to Doha in May to promote investment in industry and mining, and the recent announcements by major investment banks, such as Edmond de Rothschild, about opening offices in Riyadh, according to Kuwait’s official news agency
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Saudi Arabia announces discovery of seven oil, gas deposits
Saudi Arabia's energy minister announced on Monday the discovery of seven oil and gas deposits in the kingdom's Eastern Province and Empty Quarter, the official Saudi news agency SPA reported. Saudi Energy Minister Prince Abdulaziz bin Salman said state oil group Saudi Aramco had discovered "two unconventional oil fields, a reservoir of light Arabian oil, two natural gas fields, and two natural gas reservoirs", SPA said.
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Trump Tower is coming to Saudi Arabia
The Trump Organization revealed plans Monday to develop a luxury Trump Tower in Saudi Arabia. The new tower will be built in Jeddah and developed in tandem with Dar Global, the international arm of Saudi mega-developer Dar Al Arkan. If completed, it appears the Jeddah tower would be the Trump Organization’s first major project in Saudi Arabia.
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Iran’s Presidential Hopefuls: Strongman, Surgeon, and Pen Pusher
The presidency in Iran is to some extent what the president makes of it: While strongmen empower the institution, weak presidents reduce it into a largely ceremonial office. Therefore, who occupies the Office of the President in Tehran is significant.
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Saudi Arabia Records 231.7 Points in the UN Maritime Index
This year has witnessed the continuation of the authority's efforts to develop infrastructure in the Kingdom's ports to enhance the competitiveness of ports at the regional and international levels, and to support and facilitate global trade. The development work of the Red Sea Gateway Terminal in the northern part of Jeddah Islamic Port has been completed, with investments amounting to SAR 1 billion. Mawani has also completed the deepening of the northwestern approach channel in the port with a length of 3,000 meters, a width of 300 meters, and a depth of 18.5 meters, which was previously 17 meters.
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