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Saudi Arabia Sees Traction with Green Initiatives as Kingdom Climbs Ranks of MIT’S Green Future Index
- November 2,2022
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- SUSTG Team
Saudi Arabia advanced 10 places in the second edition of the Green Future Index, issued by MIT Technology Review, evidence that the Kingdom is seeing progress in its goals outlined in the new Saudi Green Initiative announced by Crown Prince Mohammed bin Salman last year.
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Saudi Ambassador to United States Reema bint Bandar Al Saud Joins CNN for Extensive Interview
- October 26,2022
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- SUSTG Team
Princess Reema bint Bandar Al Saud, Saudi Ambassador to the United States, sat down with CNN’s Becky Anderson in her first televised interview with international media since becoming the ambassador in early 2019.
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Riyadh Season Prepares for Oct. 21 Launch with Slogan ‘Beyond Imagination’, Cirque du Soleil Show
- October 13,2022
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- SUSTG Team
The expanded third edition of Riyadh Season will kick off on October 21st 2022 under the slogan “Beyond Imagination” with an international show by Cirque du Soleil, the General Authority for Entertainment has announced.
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Is Saudi Arabia Just at the Beginning of its Heritage and Antiquities Discoveries?
- September 30,2022
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- SUSTG Team
Saudi authorities indicated that the Kingdom has only begun to discover important cultural and heritage sites and artifacts across Saudi Arabia, with Heritage Commission CEO Dr. Jasser Bin Suleiman Al-Harbash stating that archaeological sites, which have been discovered in the Kingdom, constitute only 15% of Saudi Arabia’s treasures.
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Report – Saudi NEOM’s Tech Unit Rebrands as Tonomous and Will Invest $1 billion in 2022
- September 27,2022
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- SUSTG Team
NEOM Tech & Digital, a subsidiary of the $500 billion signature NEOM project of the Saudi crown prince, has invested $1 billion in 2022 in AI, including a metaverse platform, its chief executive said on Tuesday, according to a Reuters report.
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Saudi Arabia’s PIF Eyes a Stake in Regional Starbucks Franchise — Report
- September 9,2022
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- admin
Saudi Arabia’s Public Investment Fund is leading a consortium of investors which has emerged as the frontrunner to buy a minority stake in Kuwaiti conglomerate Alshaya Group’s Starbucks Corp. franchise, people familiar with the matter told Bloomberg.
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Iraq’s Clashes Sends Oil Higher Before Retreat
- August 30,2022
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- SUSTG Team
Oil surged to the biggest gain in six weeks before paring some of those gains after Iraq’s state marketing company said exports haven’t been affected by violent clashes in Baghdad, according to Bloomberg.
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PIF Returns to Buy-Low Playbook with 2Q Stock Market Buying Spree
- August 18,2022
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) bought shares in Alphabet, Zoom Video, and Microsoft this week as part of a wider pick of U.S. stocks, bringing the market value of the sovereign wealth fund’s investment portfolio to about $40.8 billion at the end of the second quarter, Reuters reports.
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Report: Saudi, UAE Save Remaining Spare Capacity for Potential Winter Supply Crisis
- August 4,2022
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- SUSTG Team
According to a report in Reuters, OPEC+ production leaders Saudi Arabia and the United Arab Emirates stand ready to deliver a “significant increase” in oil output “should the world face a severe supply crisis this winter,” sources familiar with the thinking of the top Gulf exporters told Reuters in an exclusive report.
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OPEC, Allies Agree to Increase in Oil Production
- August 3,2022
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- SUSTG Team
Saudi Arabia and the OPEC+ group of oil-producing countries agreed to a small increase of 100,000 bpd in oil production on Wednesday after the U.S. and other consuming nations called for more crude in the market, according to reports.
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MUST-READS
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U.N. Yemen envoy to stay in job until successor announced
U.N. Secretary-General Antonio Guterres appointed veteran British diplomat Martin Griffiths as the world body's new aid chief on Wednesday, and said Griffiths would continue as the U.N. Yemen mediator "until a transition has been announced."
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For Yemenis fleeing war, U.S. peace efforts offer only faint hope
In the al-Jafeenah camp for internally displaced people outside the Yemeni city of Marib, Jamal al-Jaberi, forced to flee fighting near his home, is counting on the United States to help broker a peace deal and end the seven-year war.
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US Navy seizes arms shipment in Arabian Sea likely bound for Yemen
An American defense official told The Associated Press that the Navy’s initial investigation found the vessel came from Iran, again tying the Islamic Republic to arming the Houthis despite a United Nations arms embargo. Iran’s mission to the U.N. did not immediately respond to a request for comment, though Tehran has denied in the past giving the rebels weapons.
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Yemen peace talks failing weeks after revived US-Saudi push
Saudi Arabia announced a peace plan in March that would lead to blockades on the country being lifted and a UN-supervised truce between the Saudi-backed government and the Houthis, who control the capital Sanaa and much of the north. This week’s negotiations involving Mr Griffiths and Mr Lenderking were aimed at advancing that ceasefire, but are understood to have been complicated by the Houthi assault on Marib, the government’s last northern stronghold. The assault has condemned by the UN and much of the international community.
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Saudi walks diplomatic high wire on Iran, Yemen
After years of proxy warfare, Saudi Arabia's secret talks with arch-rival Iran signal a high-wire diplomatic act as it scrambles to rein in Tehran-backed Yemeni rebels, although prospects of a breakthrough look remote.
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Saudi Crown Prince Mohammed bin Salman promises economic assistance to Yemen’s Houthis for ceasefire
Saudi Arabia remains ready to provide economic assistance to Yemen's Houthi rebels should they agree to a ceasefire and negotiations, Crown Prince Mohammed bin Salman said in a Tuesday TV interview.
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U.S. senators press Biden administration for new Yemen donor conference
A bipartisan group of U.S. senators pressed the State Department on Tuesday to push international donors to address a $2.5 billion shortfall in assistance to alleviate the humanitarian crisis in Yemen. Their move underscored continuing concern in Congress about the effects of Arabian Peninsula country's civil war.
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US envoy meets Saudi crown prince in fresh Yemen peace push
The meeting was attended by the Saudi Deputy Defense Minister Prince Khalid bin Salman, the Saudi Ambassador to the US Princess Reema bint Bandar bin Sultan, the Saudi Foreign Minister Prince Faisal bin Farhan, and the Saudi Ambassador to Yemen Mohammed Al-Jaber. They were also joined by the chargé d’affaires of the US Embassy in Riyadh, Martina Strong, and the US Ambassador to Yemen, Christopher Henzel.
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U.S. Special Envoy for Yemen Lenderking’s Travel to Saudi Arabia and Oman
U.S. Special Envoy for Yemen Tim Lenderking will travel to Saudi Arabia and Oman on April 29, where he will hold meetings with senior government officials and work jointly with UN Special Envoy for Yemen Martin Griffiths. U.S. Special Envoy Lenderking’s discussions will focus on ensuring the regular and unimpeded delivery of commodities and humanitarian assistance throughout Yemen, promoting a lasting ceasefire, and transitioning the parties to a political process. The U.S. Special Envoy will build on the international consensus to halt the Houthi offensive on Marib, which only worsens the humanitarian crisis threatening the Yemeni people.
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Yemen’s Houthis say fired drone at southern Saudi air base
A Saudi-led coalition battling the Iran-aligned movement said Saudi Arabian air defences had intercepted and destroyed a drone fired towards the kingdom, state news agency SPA said earlier on Wednesday.
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