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Recent stories from sustg
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Huawei in Talks With Saudi Authorities for Middle East HQ Move to Saudi Arabia
- April 10,2023
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- SUSTG Team
Huawei Technologies Co., the Chinese multinational technology corporation, is looking to make Riyadh its headquarters for its growing Middle East operations, according to a report.
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Challenges Remain for Investment into Saudi Arabia as FDI Falls 60% in 2022
- April 4,2023
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- SUSTG Team
Foreign direct investment (FDI) into Saudi Arabia fell by almost 60% in 2022, the first annual drop in five years and the second largest drop in more than 15 years, according to new data.
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U.S.-Based Marriott Inks Deal with Rua Al Madinah Holding Company for Eight Hotels
- March 21,2023
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- SUSTG Team
U.S.-based Marriott International announced it has signed an agreement with Rua Al Madinah Holding Company to open as many as eight hotels in the Holy City of Madinah in Saudi Arabia.
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An evolving U.S.-Saudi relationship, jaw-dropping developments and progress on the Red Sea, and much more….
- March 10,2023
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- SUSTG Team
Episode 78! The 966 hosts fly solo this week ahead of a busy week of travel to Saudi Arabia and the region and an impressive slate of forthcoming guests in the coming weeks. This week the hosts discuss a recent collection of articles and items in the media that paint a picture of a U.S.-Saudi […]
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Saudi Economy in 2023 Report: Saudi Non-Oil Economy Forecasted to Grow Over 5% — Jadwa Investment
- February 28,2023
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- SUSTG Team
Riyadh-based Jadwa Investment says it sees Saudi Arabia’s non-oil economy continuing its growth streak through 2023, “growing well in excess of 5 percent,” according to a report issued by Jadwa.
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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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MUST-READS
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Saudi Arabia tanker power play could backfire as oil demand shrinks
Shipping industry sources say Saudi Arabia has booked as many as 25 supertankers and provisionally chartered another 15 vessels, to send oil to new and old customers to undercut Russia. Together the ships can carry 80 million barrels of oil - almost equivalent to a day of global demand.
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Saudi Electricity Co. to launch power generation subsidiary soon
As part of its ongoing restructuring, Saudi Electricity Co. (SEC) will “soon” launch its new subsidiary focusing on power generation, according to SEC CEO Fahad Al-Sudairi. He also provided updates on the progress of a number of other previously announced projects, including the company’s rollout of smart meters, its plans to increase the use of renewable energy, and a joint initiative with Egypt that he described as “one of the region’s most vital power interconnectivity projects.”
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In powerful testimony, Syrian defector warns US that Assad will kill more
In gripping testimony before the U.S. Senate's Foreign Relations Committee Wednesday, three Syrian activists laid out the unfathomable human toll of Syria's civil war, just days before it enters its tenth year, and begged the U.S. to take action. For a military defector known by the alias "Caesar," who exposed Assad's horrors by smuggling out thousands of photographs, the testimony brought him full circle as he appeared just months after Congress passed a law in his name.
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Iran: House approves limits on Trump’s war powers, but veto is likely
The House approved a resolution Wednesday that would bar President Donald Trump from launching a military attack against Iran without explicit congressional authorization.
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Perspective: 34-Year-Old Saudi Crown Prince Consolidates His Power
“There are fewer princes in the cabinet now than was the norm under previous kings, and even the foreign ministry is in the hands of a member of a cadet branch of the Al Saud family, not a direct descendant of the founding king,” said Gregory Gause, a professor of international affairs at Texas A&M University. “That’s a major change for a country where previous kings consulted a range of powerful princes before setting government policy.”
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Power vacuum in Iraq leads to threats from pro-Iran faction
As the PMU’s plan for preserving its influence through Allawi’s Cabinet has failed, it is taking another look at Abdul Mahdi, hoping to keep him in power. Abdul Mahdi, who has strong ties to Iran, originally was chosen as prime minister in October 2018.
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For UAE, the advantages of nuclear power eclipse economics
The loading of nuclear fuel into the first of four reactors at the site, which together will eventually provide up to 25 per cent of the UAE’s energy, is seen as the official start of operations and was completed over the past fortnight.
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Perspective: U.S. sees Taliban deal as exit from Afghanistan. Militants see it as victory over the superpower.
“Even if we don’t say that the U.S. is defeated in Afghanistan, it is an open secret now that they are defeated,” said Anas Haqqani, a senior member of the Haqqani network, considered to be the most formidable of the Taliban’s fighting forces, who was recently released from an Afghan jail in exchange for two Western professors taken hostage by the Taliban in 2016.
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Iranian Hardliners Consolidate Power in Parliamentary Takeover
Unlike Tehran and other large cities where voter turnout is an indication of the country’s national politics and overall direction, smaller cities and rural areas tell a completely different story.
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To preserve Shi’ite power in Iraq, Iran-backed groups turn to renegade cleric
According to senior Iraqi officials and militia insiders, they promised Sadr a greater say forming a new Iraqi government and an augmented spiritual leadership role among Shi’ite paramilitary groups. In return, he would draw on his mass following to weaken the anti-government and anti-Iran dissent that has erupted on Iraqi streets, and redirect the unrest toward demands for the withdrawal of U.S. forces from Iraq, the sources said.
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