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Saudi Arabia to celebrate Founding Day on February 22
- February 21,2023
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- SUSTG Team
On February 22 Saudi Arabia celebrates Founding Day which commemorates Mohammed Bin Saud’s ascension to leadership of the central Arabian town of Diriyah in 1727.
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First Saudi Team Reaches Club World Cup Final as Al Hilal Bests South American champions Flamengo
- February 8,2023
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- SUSTG Team
Saudi Arabia’s Al Hilal secured a 3-2 win over South American champions Flamengo on Tuesday that sent them to the Club World Cup final – the first time a Saudi team has reached the championship match in this tournament.
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Saudi Arabia’s Non-Oil Economy Grew 6.2% During the Fourth Quarter of 2022 – Latest Data
- January 31,2023
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- SUSTG Team
In the 4th quarter of 2022, Saudi Arabia’s non-oil sector grew at the fastest pace in more than a year and “helped the kingdom record the fastest overall growth among major global economies,” Bloomberg reports. The non-oil economy grew an annual 6.2% during the fourth quarter of last year, the highest level since the third […]
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Report: Saudi Arabia Explored Bid to Buy F1 for Over $20 Billion
- January 23,2023
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- SUSTG Team
Saudi Arabia explored a bid to acquire Formula 1 racing in early 2022, according to a Bloomberg report.
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Saudi Arabia Makes Major Amendment to Citizenship Law
- January 12,2023
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- SUSTG Team
Saudi Arabia’s King Salman issued a royal decree that defines who can claim Saudi citizenship, allowing the children of Saudi women who are married to expat men to now apply for citizenship after the age of 18.
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Todd Albert Nims, traction on green hydrogen, a $1 trillion economy and much more in The 966 Episode 69
- December 23,2022
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- SUSTG Team
Episode 69! Merry Christmas and happy holidays to our subscribers and listeners who celebrate. The 966 hosts kick off the second annual “Christmas spectacular” with a discussion of green hydrogen and news that Germany may be on of Saudi Arabia’s first big customers, and a discussion of Saudi Arabia as a $1 trillion (!) economy. […]
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Saudi Arabia’s PIF Buys 30 Percent Stake in Cooling Company Saudi Tabreed
- December 21,2022
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) has reportedly acquired a 30% stake in Saudi Tabreed, a leading cooling services provider in Saudi Arabia, according to a report in Bloomberg and Reuters.
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NEOM’s Green Hydrogen Facility, Set to Be World’s Largest, Gets Financing Agreements with Banks, SIDF
- December 19,2022
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- SUSTG Team
NEOM’s Green Hydrogen Company (NGHC), an equal joint venture created by ACWA Power, Air Products, and NEOM which will create the world’s largest green hydrogen plant, has inked facility agreements with local, regional, and international banks and Saudi Arabia’s SIDF to finance the construction of the plant, according to reports.
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Jadwa Chartbook: Saudi Arabia’s Growth Streak Continues with Non-Oil PMI Increasing on ‘Higher New Orders and Business Optimism’
- November 30,2022
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- SUSTG Team
Saudi Arabia’s economy continues its streak of growth with positive data points in key areas like non-oil PMI, consumer spending, and point of sale transactions, according to the latest monthly chartbook released by Jadwa Investment.
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Saudis Celebrate Historic Win Against Argentina at Qatar World Cup with National Holiday
- November 23,2022
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- SUSTG Team
Saudi Arabia’s King Salman bin Abdulaziz declared Wednesday as a public holiday after the Saudi soccer team beat Argentina in the World Cup on Tuesday in a thrilling and historic upset that will long be remembered and celebrated by Saudis.
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Saudi Civil Defense warns of heavy rains, flash floods
The General Directorate of Civil Defense urged the public to stay cautious and in safe areas during thunderstorms affecting parts of the Kingdom from Wednesday to Sunday. It advised avoiding valleys, flood-prone areas and swimming in valley streams, the Saudi Press Agency reported.
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Israel-Iran: Netanyahu and Biden talk for the first time since August; Israel warns Lebanon of destruction like Gaza’s
Israeli Prime Minister Benjamin Netanyahu spoke with President Joe Biden today ahead of an Israeli Cabinet vote on the response to Iran's missile attack and after Israeli Defense Minister Yoav Gallant's trip to the U.S. was called off, Israeli and U.S. officials told NBC News.
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Experts React: Energy Implications of Escalating Middle East Conflict
Even in an age of generative artificial intelligence, oil price estimates remain far from an exact science, and the impacts of supply disruptions can depend significantly on scope and duration. Back-of-the-envelope estimates by ClearView Energy Partners, LLC, gauged broad new sanctions (or strict enforcement of existing ones) at up to a roughly $7/bbl impact; attacks on Iran’s principal export facility at Kharg Island at up to around $13/bbl; and a three-to-seven-day retaliatory Iranian blockade of the Strait of Hormuz between $13/bbl and $28/bbl.
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More airlines fly over Afghanistan in last week as Middle East tensions rise
Airlines have diverted more flights over Afghanistan over the past week to avoid Iranian airspace, data shows, adding to journey times and fuel costs in the latest disruption for routes between Asia and Europe as tensions in the Middle East escalate. Flights over Afghanistan were already growing in recent months, but expectations of an Israeli response to an Iranian ballistic missile attack on Israel last week have furthered that trend, data from flight tracker FlightRadar24 shows.
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Oil falls as swelling US supply counters Middle East and hurricane risks
Oil prices fell on Wednesday after U.S. data showed rising crude inventories, but losses were limited by the risk of Iranian supply disruptions caused by the Middle East conflict and Hurricane Milton in the U.S. Brent crude futures settled at $76.58 a barrel, falling 60 cents, or 0.8%. U.S. West Texas Intermediate (WTI) futures settled down 33 cents or 0.5%, at $73.24 a barrel. Crude inventories jumped by 5.8 million barrels to 422.7 million barrels last week, the Energy Information Administration said, compared with analysts' expectations in a Reuters poll for a 2 million-barrel rise.
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USAF F-15s Arriving in Middle East as Israel Weighs Response to Iran Attack
More of the U.S. Air Force fighters directed to deploy to the Middle East late last month arrived as Israel contemplates its response to Tehran’s ballistic missile attack on Israel on Oct. 1. A squadron of F-15E Strike Eagles began arriving in the region Oct. 9, U.S. Central Command announced. The fresh Strike Eagles deploying to the Middle East are from Mountain Home Air Force Base, Idaho, Air & Space Forces Magazine first reported. CENTCOM later announced the move. The first batch of aircraft made their way across the Atlantic and stopped at RAF Lakenheath, U.K., where they were spotted on Oct. 7 by local observers.
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Perspective: How Netanyahu shattered Biden’s Middle East hopes
Recent reporting indicates growing “distrust” between U.S. officials and their Israeli counterparts; the Biden administration was reportedly furious when Israel gave them little notice of its strikes that killed Hezbollah leader Hasan Nasrallah. Defense Secretary Lloyd Austin, as my colleagues reported, privately characterized Netanyahu’s government as “playing with house money” — operating on the presumption that, whatever it does, it could count on the United States to support its war aims and defend Israel against any Iranian retaliation.
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Saudi Arabia executes 213 people in less than 10 months, setting new record
Saudi Arabia has executed 213 people so far in 2024, more than it has in any other calendar year on record, as the kingdom competes for a seat at the UN Human Rights Council (HRC). According to the London-based rights group Reprieve, which documents the death penalty worldwide, the largest recorded figure prior to this year was 196 in 2022, followed by 184 in 2019.
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Saudi king Salman recovers after undergoing medical tests, royal court says
Saudi Arabia's King Salman has recovered after successfully completing medical tests for lung inflammation on Wednesday, the state news agency (SPA) said, citing the royal court. The royal court said on Sunday the 88-year-old monarch would undergo medical tests for a lung inflammation. The king of the world's biggest oil exporter and a major U.S. ally in the Middle East had received medical care for lung inflammation in May as well.
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Abu Dhabi’s ports are driving the UAE’s post-oil transformation: Video
The expansion of ports in the UAE’s capital aims to boost logistics and tourism across the country.
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