SUSTG.com / Research

Discover stories, topics, and more about Saudi Arebia faster.

Recent stories from sustg

MUST-READS

  • Iran says Israel bombs its embassy in Syria, kills commanders

    Suspected Israeli warplanes bombed Iran's embassy in Syria on Monday in a strike that Iran said killed seven of its military advisers, including three senior commanders, marking a major escalation in Israel's war with its regional adversaries.
    Reuters reporters at the site in the Mezzeh district of Damascus saw emergency workers clambering atop rubble of a destroyed building inside the diplomatic compound, adjacent to the main Iranian embassy building. Emergency vehicles were parked outside. An Iranian flag hung from a pole by the debris.

  • US has agreed to send more bombs and warplanes to Israel, sources say

    The U.S. in recent days authorized the transfer of billions of dollars worth of bombs and fighter jets to Israel, two sources familiar with the effort said on Friday, even as Washington publicly expresses concerns about an anticipated Israeli military offensive in Rafah.
    The new arms packages include more than 1,800 MK84 2,000-pound bombs and 500 MK82 500-pound bombs, said the sources, who confirmed a report in the Washington Post.

  • Saudi Arabia’s PIF To Ramp Up Bond Sales, IPOs to Pay for MBS’s Projects

    Saudi Arabia’s sovereign wealth fund is considering plans to accelerate debt sales or obtain bank loans as it hunts for new sources of cash to help pay for Crown Prince Mohammed bin Salman’s trillion-dollar economic transformation project. The Public Investment Fund could also line up equity offerings in its portfolio companies as part of the push, according to people familiar with the matter. The moves come as the fund’s cash reserves have dropped to $15 billion as of September — the lowest level since 2020, the earliest year for which data is available.

  • Saudi Arabia’s economic shifts under MBS raise stability concerns

    MBS, unlike many leaders in the region, is popular. In fact, he enjoys a level of popularity last experienced by leaders immediately following independence. Such cohesiveness could indeed create momentum for the Kingdom to enact further bold reforms. Yet the escalation of violence between Israel and Palestine risks engulfing the region, and this uncertainty could derail Saudi Arabia’s transformation agenda.

  • Crypto Market Value Climbs Back Above $2 Trillion Amid (BTC) Bitcoin Rally

    Bitcoin hovered around $52,000 after a broad cryptocurrency rally that saw Ether, the second-biggest token, advance back to where it was before the TerraUSD stablecoin collapsed almost two years ago. Bitcoin’s almost 25% year-to-date gain has helped to lift the market capitalization of digital assets above $2 trillion for the first time since April 2022, data from CoinGecko show. Bitcoin and Ether were up more than 2% at one point on Thursday in New York, with the latter changing hands at $2,852 as of 9:59 a.m.

  • Inside Johnny Depp’s Epic Bromance With Saudi Crown Prince MBS

    Over the past year, Depp has spent more than seven weeks in Saudi Arabia, staying in royal palaces and camps, traversing the country by yacht and helicopter, and even flying to London and back on MBS’s personal 747 for a quick trip to attend the Jeff Beck Memorial Concert at the Royal Albert Hall. In that time, Depp and MBS have become real friends. “They made a genuine connection,” says a friend of Depp’s. “It’s a shock to many of the people who know [Depp], but it’s what happened.” Insiders say Depp is now weighing a seven-figure annual contract to promote Saudi Arabia’s cultural renaissance.

  • From robots to gliding bombs, Saudi Arabia showcases growing domestic defence trade

    “Even for college now we have new different streams for women, developing their talents and making them ready to work in the military industry,” Khawlah Alshmmari, vice president of human resources at the National Company for Mechanical Systems, told The National. NCMS has a large stand at the expo, showcasing everything from the high-tech weaponry – the unmanned armoured vehicle turret the Moreb 30, which can carry 30mm or 40mm canons that rapidly fire explosive shells – to less advanced but essential items including artillery shells currently in a large global demand.

  • Blinken meets MBS in Saudi Arabia as U.S. pushes for post-war deal

    During his previous visit to Israel last month, Blinken told Israeli leaders that Saudi Arabia wants to normalize relations with Israel after the Gaza war ends, but it won't agree to any deal if the Israeli government doesn't commit to the principle of a two-state solution.

  • Saudi Arabia’s MBS meets with chair, members of US Senate Intelligence Committee

    Saudi Crown Prince Mohammed bin Salman discussed the Kingdom’s relations with the United States on Saturday during a meeting with members of the US Senate Select Committee on Intelligence, the Saudi Press Agency reported. MBS welcomed the delegation, which was headed by committee chairman Senator Mark Warner, at the Winter Camp in AlUla, SPA added.

  • Saudi Arabia’s MBS meets with chair, members of US Senate Intelligence Committee

    Saudi Crown Prince Mohammed bin Salman discussed the Kingdom’s relations with the United States on Saturday during a meeting with members of the US Senate Select Committee on Intelligence, the Saudi Press Agency reported. MBS welcomed the delegation, which was headed by committee chairman Senator Mark Warner, at the Winter Camp in AlUla, SPA added.