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Peace Agreements, Reports of Talks a Positive Sign for Yemen’s Ongoing War
- November 13,2019
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- SUSTG Team
Recent agreements and reports of indirect talks between warring sides in Yemen’s ongoing civil war indicate a trend toward bringing an end to the four year old conflict fought to restore the U.N.-recognized Hadi government to power after it was overthrown by Iran-backed Houthi rebels. Last week, Yemen’s Saudi-backed government signed an agreement with southern separatists on […]
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Saudi Aramco Releases Details of November 17th IPO in Prospectus
- November 11,2019
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- SUSTG Team
Saudi Aramco on Saturday released details of its IPO that will be the first opportunity for investors to own a piece of the world’s most profitable company and achieve one of the key goals of the Kingdom’s Vision 2030 economic reform plan. The details were released in a prospectus on Saudi Aramco’s website. The company said the […]
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Politico Features Princess Reema Bint Bandar: ‘The Woman Trying to Mend U.S. Relations With Saudi Arabia’
- October 31,2019
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- SUSTG Team
Politico magazine published a feature-length, in-depth profile and interview with Saudi Arabia’s recently appointed ambassador to Washington, Princess Reema Bint Bandar Al Saud. In her first interview since arriving in Washington, the ambassador says she “was well aware that neither her résumé nor her history of advocacy on behalf of women will easily change the […]
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Saudi Arabia Opens Up to Foreign Universities, Will Allow Branch Campuses in the Kingdom
- October 30,2019
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- SUSTG Team
Universities around the world can now open branch campuses in the Kingdom, the Saudi Cabinet said on Tuesday, in a move that will “achieve a qualitative leap in … empowerment, excellence and quality,” Education Minister Dr. Hamad Al-Sheikh said. “The new system will allow foreign universities to open branches in accordance to specific regulations to boost […]
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Uproar, Confusion, Debate over Tobacco Tax in Saudi Arabia
- October 21,2019
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- SUSTG Team
Saudi Arabia’s decision to impose a 100 percent tax on restaurants that serve tobacco products like shisha has ignited criticism on social media and caused confusion among restaurant owners on how to charge the tax, according to a report in France 24/AFP and accounts on Twitter. The situation has also revealed how Saudis express feedback about new […]
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Saudi Arabia introduces measures to ‘facilitate the entry of foreign issuers to the Saudi stock market’
- October 7,2019
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- SUSTG Team
Saudi Arabia has introduced measures to facilitate the entry of foreign issuers to the Saudi stock market, Reuters reports, in the latest reforms to attract overseas share buyers and issuers as part of its Vision 2030 economic and social reform plans. Saudi Arabia’s Capital Markets Authority (CMA) said on Sunday it had “adopted rules that will […]
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First in-depth archaeological survey at Al-Ula hopes to uncover mysteries of the Nabateans
- October 3,2019
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- SUSTG Team
Archaeologists are planning to carry out the first international, in-depth survey of Al-Ula in Saudi Arabia and the surrounding areas “the size of Belgium” in order to better understand the Nabatean people, the BBC reports.
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Crown Prince Mohammed bin Salman Interviewed for ’60 Minutes’, ‘Frontline’ Fall Premieres
- September 26,2019
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- SUSTG Team
Saudi Arabia’s Crown Prince Mohammad bin Salman gave an interview that will air on the CBS program, 60 Minutes, on September 29, one of two features on the Saudi leader set to appear in the United States this fall. The interview, with Norah O’Donnell, the anchor of the CBS Evening News, will be the Crown […]
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As Officials Gather Evidence in Saudi Oil Attacks, Trump Ratchets Up Sanctions
- September 18,2019
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- SUSTG Team
President Donald Trump on Wednesday said he ordered a major increase in sanctions on Iran, the first response by the U.S. to the attacks on two key oil installations in Saudi Arabia, according to reports. The pronouncement by Trump comes as both U.S. and Saudi officials ready evidence that points the finger at Iran for the […]
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New Saudi Visa Program, Tourism Event Set for Launch on September 27th, Report Says
- September 4,2019
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- SUSTG Team
A new visa scheme is coming to Saudi Arabia on September 27th that will benefit over 50 nations and will be a “game changer” initiative for attracting international tourists, a report in the English-language Saudi daily Arab News. “Although not officially confirmed by the government, industry sources told Arab News an event to showcase Saudi tourist attractions […]
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MUST-READS
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Oil and GasSaudi Aramco ‘on way to becoming gas powerhouse’
Saudi Aramco has outlined to Arab News how it plans to massively ramp up its multibillion-dollar natural gas business, both in the Kingdom and overseas, as gas gradually replaces coal and oil in global power generation.
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Saudi-EgyptEgypt signs deal with Saudi ACWA Power for $2.3 billion power plant
Egypt signed a deal on Thursday with Saudi Arabia’s ACWA Power to build a power plant in southern Egypt involving investment of $2.3 billion, the Egyptian electricity minister said.
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PowerSaudi power sector reforms ‘a step in the right direction’
Demand for electricity in Saudi Arabia has risen by 6.6% per year since 2006, and the government has previously invested in installed capacity to increase it from 60GW in 2010 to 82GW currently, which is not sustainable, the Arab Petroleum Investments Corporation (Apicorp), the multilateral development bank focused on the energy sector, said Tuesday in its latest research report.
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TadawulVideo: Tadawul Chairwoman on Social Changes in Saudi Society, Women’s Empowerment
Saudi Arabia's Stock Exchange Chairwoman Sarah Al-Suhaimi says Saudi women now hold more jobs in business and finance compared to the past. She discusses the recent economic and social changes in the country with Bloomberg's Erik Schatkzer at the Bloomberg Invest summit in London. (Source: Bloomberg)
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WomenIndia’s #MeToo wave is already forcing powerful men out of their jobs
Today (Oct. 08), the country’s leading comic content-production house, All India Bakchod (AIB), said two of its four co-founders will be stepping down until further notice for their roles in alleged cases of sexual misconduct.
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Saudi-SoftbankSoftbank says it is working with Saudi PIF on solar power project
Japan’s SoftBank said on Tuesday it is working closely with Saudi Arabia’s sovereign wealth fund on a solar power-generation project, dismissing a Wall Street Journal report that it had shelved the $200 billion project with the Public Investment Fund (PIF).
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Solar PowerSaudi Arabia puts world’s biggest solar power project on hold
The project and the 200-gigawatt goal were considered a loose agreement and potential ambition, not an explicit commitment to generate that amount of capacity by 2030, and it isn’t clear whether the power created could be exported to other countries, the same official added.
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ACWA PowerSaudi’s ACWA Power delays plans for IPO
Saudi Arabian utility developer ACWA Power IPO-ACPO.SE has delayed plans for an initial public offering (IPO), originally envisaged for this year, sources familiar with the matter said on Thursday.
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SyriaPowers cite need for peace in Idlib
A top U.N. humanitarian aid official for Syria says the United States, Russia and other powers have expressed a “common agreement” on the need for a peaceful way forward for the rebel-held province of Idlib.
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Global Energy MarketsAnalysis: The Start Of Saudi Arabia’s Power Play?
Shaky emerging market developments have been bearish for oil prices lately, with WTI falling to $68 per barrel by the end of the trading week after a $70 per barrel mid-week peak and Brent decreasing to $76.7 from a $79.5 per barrel peak on September 4.
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