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Road to the G20: B20, T20 Meetings Conclude Ahead of Main G20 Event
SUSTG is covering the events and meetings taking place in the run up to the G20 in November as part of our “Road to the G20” series of posts and featured items. Saudi Arabia just wrapped up the hosting of the B20 business-focused group, as well as the T20 meetings last week. The Business 20 […]
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Road to the G20: Two-Day Virtual B20 Begins Today
SUSTG is covering the events and meetings taking place in the run up to the G20 in November as part of our “Road to the G20” series of posts and featured items. This week, Saudi Arabia will host the B20 business-focused group, as well as the T20 meetings later this week.
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Strict Countermeasures Continue to Pay Off as Saudi Arabia’s Covid Deaths Hit New Lows
Strict rules and regulations in place and an elevated social awareness of the danger of the coronavirus continues to pay dividends in stopping the spread of the virus in Saudi Arabia, data confirms. Saudi Arabia on Friday recorded just 383 new coronavirus cases and 14 deaths, representing some of the lowest figures seen in the Kingdom since […]
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IMF Sees Contraction in 2021 for Middle East Economies, With Oil Prices in $40-$50 Range
The International Monetary Fund (IMF) downgraded its outlook for Middle East and Central Asian economic recovery, predicting a 4.1% contraction for the region as a whole, according to latest data released by the international organization.
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Saudi Aramco in Talks with BlackRock, Others for $10 Billion Pipeline Deal
Saudi Aramco is in talks with U.S.-based global investment management corporation BlackRock and other investors on a planned deal worth over $10 billion to sell a stake in its pipeline business, sources told Reuters, although the deal is still in early stages.
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Saudi Arabia Celebrates 90th National Day
Saudis around the world are celebrating Saudi Arabia’s 90th National day today, the Kingdom’s top national holiday dedicated to the history of the Kingdom as a unified state.
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King Salman Issues Rare Royal Decree Firing Tourism Officials over Corruption Allegations – SPA
Saudi Arabia’s King Salman has issued a rare royal decree firing a number of officials for legal violations and alleged corruption at tourism projects, including the Red Sea Project and Al-Ula, state news agency SPA reported.
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Saudi Arabia’s King Salman Arrives in NEOM for Vacation, Recovery Period
Saudi Arabia’s King Salman bin Abdulaziz traveled to NEOM in the Kingdom’s northwest on Wednesday for a period of rest and relaxation, according to state news agency SPA and Reuters.
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Saudi Arabia’s Schools, Universities Eye August 30th for Restart of Educational Programs
Saudi Arabia is beginning to plan to reopen its schools and universities with a target date of August 30th, according to reports. The Kingdom closed schools and universities on March 9 after the Coronavirus pandemic was detected in Saudi Arabia and countries worldwide began to shutter to stop the spread of the deadly disease.
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Report: Saudi Arabia’s Government Revenue in 2Q 2020 Down by 49% Year-on-Year, but Diversification Push Continues Apace
The twin crises of the Coronavirus and Saudi-led efforts to stabilize the price of oil in the second quarter of this year lead to a sharp decline in the Kingdom’s government revenues, Bloomberg reports. Saudi Arabia’s government revenue dropped by 49% in the second quarter from the same period last year, according to Bloomberg, as the […]
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Surprise Battlefield Encounter Led to Hamas Leader’s Death
In the end, the Israeli officials said, he was killed above ground on Wednesday, alongside two other militants, with no sign of hostages nearby. The Israeli authorities said they had confirmed his death on Thursday, using dental records and fingerprints. His DNA was also tested for confirmation, according to one Israeli official and the White House. While some hoped Mr. Sinwar’s death might signal an end to the Israeli invasion, Prime Minister Benjamin Netanyahu indicated that the offensive would not stop just because the engineer of last year’s deadly surprise attack on southern Israel had been killed.
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Sinwar’s killing means much uncertainty for the war in Gaza but also possible opportunity
“This would really be the cherry on the icing of the cake for Israel,” said Nomi Bar-Yaacov, an associate fellow of the International Security Program at the Chatham House think tank in London. “It should be easier to reach a deal.” With the architect of the Oct. 7 attacks eliminated, Prime Minister Benjamin Netanyahu could now tell Israelis that one of the war’s aims has been reached. Politically, that might allow him to be more flexible on a cease-fire deal that ends the war in exchange for hostages — a condition he has so far refused to accept, at least in part, critics say, because it could threaten his rule.
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Netanyahu promises more war, dashing peace hopes after Hamas leader killed
Prime Minister Benjamin Netanyahu's promises to press on with Israel's wars in Gaza and Lebanon dashed hopes on Friday that the killing of Hamas leader Yahya Sinwar might help end more than a year of escalating conflict in the Middle East. Lebanese militant group Hezbollah meanwhile vowed to escalate fighting against Israel and its backer Iran said "the spirit of resistance" would be strengthened by the death of its Palestinian ally Sinwar in Gaza.
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China’s Q3 GDP hits weakest pace since early 2023, backs calls for more stimulus
China's economy grew at the slowest pace since early 2023 in the third quarter, and though consumption and factory output figures beat forecasts last month a tumbling property sector remains a major challenge for Beijing as it races to revitalise growth. Authorities have sharply ramped up policy stimulus since late September, but markets are waiting for more details on the size of the package and a clearer road map to put the economy back on a solid longer-term footing.
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At BRICS summit, Russia to push to end dollar dominance
Russia is seeking to convince BRICS countries to build an alternative platform for international payments that would be immune to Western sanctions when it hosts the group's leaders at a summit next week. President Vladimir Putin is keen to build up BRICS - which has expanded to include Egypt, Ethiopia, Iran and the United Arab Emirates as well as Brazil, Russia, India, China and South Africa - as a powerful counterweight to the West in global politics and trade.
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World Bank predicts strong economic growth for UAE and Saudi Arabia in 2025
Saudi Arabia’s economy is projected to remain resilient, with GDP expected to grow by 1.6% this year and accelerate to 4.9% in 2025. Inflation in Saudi Arabia is anticipated to remain stable at 2.1% in 2024 and rise slightly to 2.3% in 2025. Both figures are below the Gulf Cooperation Council (GCC) average, forecasted at 2.2% in 2024 and 2.7% in 2025.
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Swizz Beatz’s guide to AlUla, Saudi Arabia
"My relationship with AlUla is like seeing a seed planted in the ground and watching a beautiful flower grow," says Dean, who was among the first invited to watch the construction of the city's massive Maraya performance venue – a mirror-clad behemoth rising out of the desert sands – and eco-friendly luxury accommodation resorts like Our Habitas. "Seeing the vision coming to life in front of my eyes has been magical to watch."
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Nadal-Alcaraz and Djokovic-Sinner are the Six Kings Slam exhibition matches in Saudi Arabia
Rafael Nadal starts his pre-retirement farewell tour against Carlos Alcaraz on Thursday at the Six Kings Slam, and Novak Djokovic faces Jannik Sinner at an exhibition event that awards money but no ATP ranking points and is Saudi Arabia’s latest foray into tennis. Riyadh will host the WTA Finals next month to open a three-year deal as the kingdom continues to invest in various sports, despite concerns about LGBTQ+ and women’s rights there raised by Hall of Famers Chris Evert and Martina Navratilova and others.
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Khashoggi death: Saudi ambassador reveals new details
Speaking to host Anne McElvoy, the kingdom’s top diplomat in London described the death and dismemberment of Khashoggi as “an awful crime — a stain on our country, not just the government but every Saudi out there,” while firmly denying any complicity by the powerful Saudi monarch. “A group of people did something pretty horrible,” he told McElvoy. “But this is not what we do. We’ve never done that. There are others in the region who do a lot of that, including Israel.”
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Saudi Arabia to raise localization rates in 4 health professions effective from April 17, 2025
This will initially apply to all hospitals and other health facilities in major cities of Riyadh, Makkah, Madinah, Jeddah, Dammam, and Al-Khobar, as well as to large health facilities in other regions, and this will be effective six months after announcement of the decision, from April 17 next year. The second phase will begin one year after the announcement of the decision, effective from October 17, 2025 when Saudization rates will extend to cover all health facilities nationwide.
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