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Saudi Arabia Announces ‘Limited’ 2020 Hajj to Prevent Coronavirus Spread
- June 23,2020
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- SUSTG Team
Saudi Arabia’s leaders said Monday the Kingdom will still allow for a “limited” Hajj which is open only to a small number of pilgrims who are already based in Saudi Arabia as they seek to stop the spread of the novel Coronavirus, according to reports.
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Saudi Industrial Development Fund Launches Near $1 billion Stimulus Package for Saudi Private Sector for Coronavirus Aid
- June 17,2020
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- SUSTG Team
The Saudi Industrial Development Fund (SIDF) said on Tuesday it launched initiatives totaling 3.7 billion riyals ($986.40 million) to support private sector industrial enterprises impacted by the coronavirus pandemic, Reuters reports.
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Saudi Embassy Issues Statement on Investigation Findings of the December 6th Pensacola Naval Air Station Attack
- May 19,2020
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- SUSTG Team
The Saudi embassy in Washington, D.C. issued a statement following yesterday’s release of findings by the Justice Department and the FBI, in which Attorney General William P. Barr and FBI Director Christopher Wray announced “significant developments” in the FBI’s investigation of the December 6, 2019 shooting at Naval Air Station Pensacola that killed three U.S. sailors and […]
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Report: Saudi Binladin Seeks Advisor for Financial Overhaul of Mecca Complex
- May 14,2020
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- SUSTG Team
The construction giant behind the Mecca skyscraper complex is seeking an advisor to cut costs as well as restructure the debt of the iconic project, sources familiar with the matter said and a document obtained by Reuters exclusively showed.
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Saudi Arabia’s SABIC Closes Deal to Establish JV to Build One of the World’s Biggest Utility-Scale Battery Factories
- May 7,2020
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- SUSTG Team
Saudi Arabia’s SABIC has established a joint venture company to build one of the world’s biggest utility-scale battery factories as global investment in the sector heats up, according to a report in Arab News.
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Saudi Arabia Taps Foreign Reserves to Weather Coronavirus Crisis
- April 29,2020
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- SUSTG Team
Saudi Arabia’s central bank foreign reserves fell in March at their fastest rate in at least 20 years and to their lowest since 2011, Reuters reports, as the Kingdom draws down on reserves to weather the Coronavirus crisis and keep citizens and residents safe.
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Saudi Arabia’s PIF Eyes Bargain Stakes in Blue Chip Companies Likely to Rebound – Report
- April 16,2020
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- SUSTG Team
A “shopping list is being readied” for potential investments by Saudi Arabia’s Public Investment Fund in healthcare, technology, and logistics companies around the world as the coronavirus pandemic creates potential opportunities for bargain investments, according to a Financial Times report.
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Saudi Arabia to Spend $4 Billion in Fight Against Coronavirus
- April 8,2020
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- SUSTG Team
Saudi Arabia will increase its spending to fight the spread of the coronavirus in the Kingdom, earmarking an additional 7 billion riyals (USD 1.8 billion) yesterday on top of the 8 billion riyals (USD 2.1 billion) earmarked at the beginning of the virus outbreak, according to Asharq Alawsat.
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Saudi Arabia Approves Government Asset Privatization on Local Stock Market
- April 1,2020
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- SUSTG Team
Saudi Arabia’s government approved the listing of government assets planned for privatization on its stock market, according to reports.
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G20 Finance Chiefs, Central Bankers Hold Digital Meeting for Second Time in a Week to Discuss Coronavirus Response
- March 31,2020
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- SUSTG Team
Finance ministers and central bankers from the Group of 20 major economies met by videoconference on Tuesday, the second such meeting in a week, to discuss a global response to the spread of the coronavirus the its impact on economy, Reuters reports.
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MUST-READS
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Blinken’s audacious final message for the Middle East
“What we’ve done over the past four years,” Blinken said, “building on the Abraham Accords, was to try to get to their ultimate realization, which is normalization between Saudi Arabia and Israel. . . . And as we sit here, it’s ready to go. That could move forward tomorrow. But it requires two things. It requires an end of the conflict in Gaza, and it requires a credible pathway to a Palestinian state.” Yet in a discussion with me on stage following his speech, Blinken said: “One of the things I believe strongly, Fred, from my own experience over the last thirty years and looking at the sweep of history, is that there’s no such thing as a hereditary enemy; that we are not fated to conflict or animosity; and even what seemed to be the most virulent and violent hatreds can go away, can change.”
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UAE launches $6bn ‘world’s first’ around-the-clock renewable energy facility
The UAE on Tuesday launched what it called the “world’s first” facility that can provide renewable energy at scale around the clock. Abu Dhabi clean energy company Masdar will combine 5 gigawatts of solar capacity with 19 gigawatt hours of battery storage to produce 1 gigawatt of “uninterrupted clean power”, Dr Sultan Al Jaber, Minister of Industry and Advanced Technology and chairman of Masdar, said at Abu Dhabi Sustainability Week. The project is being carried out in partnership with the Emirates Water and Electricity Company (Ewec).
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The future of grain supply and food security in Saudi Arabia
Anis Alam, a key player in Saudi Arabia’s grain supply sector, gives an exclusive interview to Miller Magazine, outlining the country’s changing food security strategies. In this in-depth conversation, he discusses the challenges and opportunities facing the grain industry, how Saudi Arabia is adapting to global trends, and the critical steps being taken to ensure sustainable supply chains for the future. Saudi Arabia plays a pivotal role in the grain markets of the Middle East due to its strategic position as a key importer and distributor of essential agricultural commodities. With its growing population and limited arable land and water resources, the country is heavily reliant on grain imports to meet its food and feed needs. As a result, grain trade has become a central element of Saudi Arabia’s food security strategy.
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The United States and Saudi Arabia Strengthen Musical Ties with Milestone Visit of Music Icon Herbie Hancock
The Saudi Music Commission, one of 11 sector specific commissions under the Ministry of Culture, and the U.S. Embassy in Riyadh announce the very first visit to Saudi Arabia of jazz legend, Herbie Hancock, the Herbie Hancock Institute of Jazz Performance Ensemble at the University of California Los Angeles (UCLA), and acclaimed jazz vocalist Janis Siegel. Their tour celebrates U.S.-Saudi cultural ties, arts education, and the universal power of music. It is sponsored by the Arts Envoy Program of the U.S. Department of State’s Bureau of Educational and Cultural Affairs (ECA). The group’s agenda includes a performance at the King Fahad Cultural Center, with the participation of Saudi jazz vocalist Nourah Alammary; a masterclass for Saudi music students at the Saudi Music Hub, Riyadh; a roundtable on women in the arts with Saudi women artists and musicians; and an event with Saudi traditional musicians at the studio of Saudi visual artist Ahmed Mater. U.S. Ambassador to Saudi Arabia Michael Ratney welcomed the visit, saying “Saudi Arabia’s cultural scene is evolving at an incredible pace, and hosting a legend like Herbie Hancock is a huge milestone. His music has inspired generations and having him here is a testament to the Kingdom’s remarkable cultural scene.”
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eL Seed: Arabic Calligraffiti
Before I picked the name “eL Seed”—my real name is Faouzi, “F-A-O-U-Z-I," and the “I,” instead of putting a dot, I used to put a hamza. I found that if you tag like that people are always like, "Wow. That's fun." I wanted to learn calligraphy. I discovered calligraphy when I was taking a class of Arabic, classical Arabic, about how to read and write in early 2000. I started at 18, but the first time I saw somebody doing calligraphy, it was in 2004, and I was mesmerized, I thought, "This is amazing. I would love to know how to do this." And so, I asked the guy, "Do you give any classes?" He said, "I wanted to, but nobody's interested." I was like, "Oh." I'd love to find a way to find this guy again. It was about 20 years ago, and he was an Algerian guy. And then, I was looking at calligraphy, the traditional one, without knowing there were rules and stuff.
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Blinken says Israel and Saudi ties are ‘ready to go,’ urges Trump to accept Biden plan for Gaza
Secretary of State Antony Blinken on Tuesday said normalization between Israel and Saudi Arabia is ready to go, but requires following through on ending the war between Israel and Hamas in the Gaza Strip and a commitment to a pathway to a Palestinian state. Blinken, speaking at the Atlantic Council, said negotiations to achieve a ceasefire between Israel and Hamas could happen in the next few hours or next few days, a first, critical step in the plan the Biden administration has laid out to capitalize on major power balances shifting in the Middle East.
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Saudi flyadeal set to order Airbus A330neo jets, sources say
Saudi budget airline flyadeal is putting the finishing touches to a deal to order 10 Airbus (AIR.PA), opens new tab A330neo jets in its first full-blown expansion into wide-body planes, as the kingdom pursues a surge of spending on aviation, industry sources said on Tuesday.The low-cost subsidiary of state carrier Saudia is likely to unveil the order for the upgraded A330-900 variant in the coming weeks after comparing it with Boeing's smaller 787-9, and the first jets are expected to arrive in 2027, the sources said.
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KAUST’s lithium-extraction breakthrough could propel Saudi Arabia’s battery industry
Scientists at King Abdullah University of Science and Technology (KAUST) have developed a groundbreaking technology that could place Saudi Arabia at the forefront of global lithium production. The new method, detailed in the journal Science, enables the direct extraction of lithium from oilfield brine and seawater – a game-changer for an industry reliant on costly and resource-intensive mining. Lithium is essential for the batteries used in electric vehicles, laptops, and smartphones, but extracting it from low-concentration sources like brine has been economically unfeasible until now. The KAUST method was tested on a pilot scale 100,000 times larger than typical lab experiments and proved cost-competitive with traditional mining techniques. The implications for global supply are vast. Brine and seawater contain over 10,000 times more lithium than conventional reserves. By tapping into these sources, global lithium resources could surge from 22 million tons to more than 230 billion tons.
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Saudi Arabia and Italy Sign Energy Cooperation Deal
Italy and Saudi Arabia on Tuesday signed a cooperation agreement in the energy sector, with an emphasis on renewable energy, hydrogen, and carbon capture, Italian Energy and Environment Minister, Gilberto Pichetto Fratin, said while on a visit to Riyadh. Italy’s minister signed the agreement with Saudi Energy Minister Abdulaziz Bin Salman Al Saud on the sidelines of the Future Minerals Forum in Riyadh. The five-year cooperation agreement includes boosting bilateral cooperation in hydrogen production, renewables, and carbon capture and storage (CCS). The new cooperation deal will focus on clean energy and clean tech, including low-carbon hydrogen and green ammonia, according to the Italian government.
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Saudi Arabia grants exploratory rights to six mining sites
The Saudi Ministry of Industry and Mineral Resources has allocated mineral exploration rights for six mining sites with a combined size of 890 sq km, according to the Saudi Press Agency. The combined cost of the concessions was SAR126 million ($33.6 million), and companies are obliged to spend an additional SAR9 million to develop communities near the sites. The largest concession, Jabal Baydan (244 sq km), which is in the Hijaz Mountains and thought to contain copper, gold, zinc, silver and lead, was granted to the Canadian company Power Nickel.
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