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Saudi Arabia Sees a Boom in the Kingdom’s Freelancer Workforce
- August 23,2021
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- SUSTG Team
The number of freelance workers in Saudi Arabia is growing quickly as the Kingdom’s economy continues to recover from the pandemic, according to fresh data from the Ministry of Human Resources and Social Development.
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Kingdom’s Sights Remain on Renewables as Energy Ministry Allocates Land Plots for Solar
- August 20,2021
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- SUSTG Team
Saudi Arabia’s Ministry of Energy is building two renewable energy plants on land plots with a total area of 12 million square meters (4.6 square miles) to generate 600mw of energy, according to Zawya via the Saudi Press Agency. The two announced plans fit into the Kingdom’s ongoing solar and renewable power ambitions. Saudi Arabia […]
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IATA Lauds Saudi Embrace of Travel Pass for Covid Vaccination Clearance
- August 19,2021
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- SUSTG Team
The International Air Transport Association (IATA) said in a press release that it welcomed the decision of the General Authority of Civil Aviation (GACA) of the Kingdom of Saudi Arabia to accept IATA Travel Pass to confirm pre-departure COVID-19 test results for departing and arriving passengers starting 30th of September 2021.
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Saudi Arabia’s Public Investment Fund Raises Stake in California-Based Activision Blizzard Inc.
- August 18,2021
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) significantly increased its stake in California-based entertainment and games company Activision Blizzard Inc. last quarter, buying 37.9 million shares with a market value of $3.6 billion, according to Bloomberg.
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Report: For Now, OPEC+ Resists Calls by U.S. for Increased Oil Production
- August 17,2021
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- SUSTG Team
The so-called OPEC+ group of oil producing nations, including Russia, “believe oil markets do not need more oil than they plan to release in the coming months, despite U.S. pressure to add supplies to check an oil price rise,” a report in Reuters said.
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Saudi Aramco Joins ACWA Power, Others in $1 billion Sudair Solar Power Plant Development
- August 16,2021
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- SUSTG Team
A consortium that is developing Saudi Arabia’s largest solar project has reached financial close for the nearly $1 billion plant, and has secured the backing of state oil producer Saudi Aramco, according to Bloomberg. According to the report, Aramco, through a unit called The Saudi Aramco Power Company (SAPCO, will hold a 30% stake in the […]
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C3 U.S.-Arab Healthcare and Business Summit Returns September 20-21 with In-Person Conference in New York
- August 13,2021
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- SUSTG Team
The C3 U.S.-Arab Healthcare and Business Summit will return to a live, in-person conference format this September 20-21 in New York City as the event focuses on the impact of innovation, investment and global cooperation on healthcare and business.
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Cementing End of Rift, Qatar Appoints Ambassador to Saudi Arabia
- August 12,2021
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- SUSTG Team
Qatar’s Emir Sheikh Tamim bin Hamad al-Thani on Wednesday named an ambassador to Saudi Arabia, just weeks after the Kingdom named Prince Mansour bin Khalid bin Farhan to serve as the Saudi ambassador to Qatar.
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Saudi Issues Record Number of Foreign Investor Licenses in a Single Quarter, MISA Says
- August 11,2021
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- SUSTG Team
Saudi Arabia’s Ministry of Investment (MISA) reported issuing 478 new licenses in the first quarter of 2021, “the most number in a single quarter since records began in 2005” and a 36% increase from the same quarter last year, according to reports.
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Fintech Saudi Releases National Fintech Adoption Survey Results in 5 Areas
- August 10,2021
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- SUSTG Team
Fintech Saudi, an initiative launched by the Saudi Central Bank (SAMA) in partnership with the Capital Market Authority (CMA), has announced the results of the National Fintech Adoption Survey, a first of its kind measurement in Saudi Arabia of the people’s interest in adopting fintech solutions.
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MUST-READS
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Jason RezaianIranian TV says Post correspondent Jason Rezaian convicted
Washington Post correspondent Jason Rezaian, imprisoned in Tehran for more than 14 months, has been convicted in an espionage trial that ended in August, Iranian state television reported.
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IranUS reporter Jason Rezaian ‘convicted’ in Iran over spying
A verdict has been issued in the trial in Iran of Washington Post reporter Jason Rezaian on charges including espionage, Iran's judiciary has said.
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War in YemenYemen conflict: Houthi rebels commit to UN peace plan
Yemen's Houthi rebels have confirmed in writing to the UN secretary general their commitment to UN resolutions aimed at ending the country's conflict.
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War in YemenYemen’s south hopes victory over Houthis will bring separation
To outsiders, Yemen's civil war looks like a battle pitting Gulf-backed President Abd-Rabbu Mansour Hadi against the Iran-allied Houthi militia with ex-president Ali Abdullah Saleh, but there is another important dynamic at play - south versus north.
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The Hajj tragedy sparks a firestorm for the Saudi crown prince and new frictions with Iran
The crown prince had already earned Iranian animosity when his security service engineered the capture of Ahmed Ibrahim Mughassil, the mastermind of the June 1996 Khobar terrorist attack in the Kingdom that killed 19 American servicemen.
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Global Oil MarketsBleak Energy Picture to Brighten in 2016, but Volatility to Remain
The despair in the energy sector as crude oil languishes around $45 per barrel has driven out investors who don’t see an upside anytime soon. However, two experts at the Morningstar ETF conference panel, Drilling for Opportunities in the Oil Patch, weren’t so dour, and in fact, see some upside in 2016.
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War in YemenCall for UN inquiry into Yemen conflict replaced with consensus resolution at UNHRC
However, reportedly following pressure from Saudi Arabia and its military coalition members, Netherlands withdrew the resolution and instead, Western governments are reported to have accepted a resolution sponsored by Saudi Arabia with no reference to an international inquiry into the conflict.
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9/11 Victims SuitU.S. judge dismisses Sept. 11 victims’ case against Saudi Arabia
A U.S. judge on Tuesday dismissed claims against Saudi Arabia by families of victims of the Sept. 11, 2001, attacks, who accused the country of providing material support to al Qaeda. U.S. District Judge George Daniels in Manhattan said Saudi Arabia had sovereign immunity from damage claims by families of nearly 3,000 people killed in the attacks, and from insurers that covered losses suffered by building owners and businesses.
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Ali Al-NimrSaudi Arabia Slammed For Plans To Execute Man Convicted As A Teen
Saudi Arabia's plans to execute a young man who was sentenced to death in 2012, when he was a child offender, have this week led human rights advocates to condemn the Kingdom's justice system.
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Hajj 2015Pictures: Millions of Muslims Start Hajj in Saudi Arabia
In Saudi Arabia, at least two million Muslims swarmed the Kaaba in the middle of Mecca’s Grand Mosque to begin their annual hajj pilgrimage.
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