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Saudi Arabia’s PIF Leads Investment in Gulf Infrastructure Fund from Aberdeen Standard Investments and Investcorp
- June 10,2021
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) has emerged as the lead investor in a planned $800 million Middle East infrastructure fund being established by Aberdeen Standard Investments and Investcorp, Bloomberg reports, citing a statement.
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Saudi Arabia Updates Travel Ban List, Removes 11 Countries
- June 9,2021
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- SUSTG Team
Saudi Arabia has reduced the number of countries where its nationals and citizens are banned from traveling from 20 to just 9 as it continues to open up its airways following the global pandemic.
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Saudi Arabia’s Massive Public Investment Fund Appoints Two Deputy Governors to Fuel Expansion
- June 8,2021
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- SUSTG Team
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF) said on Tuesday it has established two deputy governor roles to support the $430 billion fund’s continued growth and expansion, several outlets report. Turki Bin Abdulrahman Alnowaiser, who heads PIF’s International Investments Division, and Yazeed Bin Abdulrahman Alhumied, who leads PIF’s MENA Investments Division, will take […]
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Flurry of New Deals Builds on Early 2021 Momentum for Saudi Venture Capital
- June 7,2021
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- SUSTG Team
Saudi Arabia’s venture capital scene continues to grow at an impressive clip as new deals and investments into Saudi companies – or by Saudi venture firms – builds on early growth so far in 2021.
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U.S. State Department Blasts Yemen’s Houthis, Says Iran-Backed Group Bears ‘Major Responsibility’ in Conflict
- June 4,2021
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- SUSTG Team
The Biden administration’s State Department on Friday blamed Iran-aligned Houthis for the failure of a ceasefire to take hold in Yemen and accused them of failing to take additional meaningful steps to end the conflict, Reuters and other news agencies report. “While there are numerous problematic actors inside of Yemen, the Houthis bear major responsibility for refusing to engage […]
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U.S. Defense Secretary Austin, Crown Prince Mohammed bin Salman Speak by Phone; U.S. ’emphasized U.S. Commitment to Helping Saudi Arabia Defend its Territory’
- June 3,2021
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- SUSTG Team
U.S. Defense Secretary Lloyd J. Austin III spoke with Saudi Crown Prince Mohammed bin Salman on Wednesday and emphasized that the U.S. was committed to helping Saudi Arabia defend its territory and people, the Pentagon said in a statement.
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Saudi Arabia’s Economy Jolts to Life as New Economic Data Shows ‘Significant’ Increase in PMI, Non-Oil Exports
- June 2,2021
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- SUSTG Team
Saudi Arabia saw a significant increase in non-oil PMI in April 2021 as both business activity and new orders grew at a faster rate, Jadwa Investment’s recently-released Chartbook for the month said.
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OPEC+ Believes Glut Created with Pandemic ‘Nearly Gone’, Sees Stockpiles Diminishing Rapidly in 2021 – Report
- June 1,2021
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- SUSTG Team
The so-called OPEC+ coalition of oil-producing nations lead by Saudi Arabia and Russia is “expecting world oil markets to get acutely tight” in 2021, a year after taking the unprecedented steps of slashing production in the face of weak demand created by the Coronavirus pandemic, Bloomberg reports.
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Kingdom Registers Surge in SME Contribution to GDP, a Top Goal of Vision 2030
- May 31,2021
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- SUSTG Team
The contribution of Small to Medium Enterprise businesses (SMEs) in Saudi Arabia to the Kingdom’s overall GDP has surged 45% since the launch of Vision 2030, according to a report in Zawya, citing official government data.
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Entertainment Activities to Resume in Saudi Arabia after Coronavirus Shutdowns, Authorities Announce
- May 28,2021
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- SUSTG Team
Saudi Arabia has announced that entertainment activities and events across the Kingdom may resume after months of shutdowns and cancellations in order to curb the spread of the Coronavirus pandemic, according to Gulf News.
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MUST-READS
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EducationCalifornia district to keep $105M deal with Saudi colleges
A Southern California college district says it will continue a consulting deal with two Saudi Arabia technical colleges despite opposition from faculty who object to the Arab government's record on human rights.
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Women and EducationSixty years of Saudi women’s education in pictures
A series of photographs made available by the Saudi Press Agency detail the history of female education in Saudi Arabia.
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Mohammed bin Naif‘Exceptional’ Royal amnesty for Qat-smuggling convicts in Jazan Province
All prisoners arrested in Jazan for smuggling qat, a kind of narcotic leaf, into the Kingdom will be released under an amnesty declared by Deputy Crown Prince Mohammed bin Naif, second deputy premier and minister of interior.
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CybersecurityCyberspace Conflict Growing More Destructive, NSA’s Chief Says
“I liken our historical moment to the situation that confronted the U.S. early in the Cold War, when it became obvious that the Soviet Union and others could build hydrogen bombs and the superpower competition showed worrying signs of instability,” Rogers said in his testimony.
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ExtremismSaudi man convicted in connection with 1998 bombings of US embassies
A Saudi man described by prosecutors as one of Osama bin Laden’s most trusted lieutenants was convicted in a federal court in New York on Thursday in connection with the 1998 bombings of US embassies in Kenya and Tanzania.
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PLOU.S. jury orders Palestinian groups to pay attack victims $218.5 million
A U.S. jury on Monday found the Palestine Liberation Organization and the Palestinian Authority liable for supporting terrorist attacks in Israel more than a decade ago that killed dozens of people. Jurors in Manhattan federal court awarded $218.5 million in damages to 10 American families who brought the case, a sum that is automatically tripled to $655.5 million under a 1992 U.S. anti-terrorism law, lawyers for the families said.
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GuantanamoHicks Gitmo Military Court Conviction Reversed
The first terrorism conviction before a U.S. military court at Guantanamo Bay, Cuba has been reversed.
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U.S. - TurkeySyria conflict: US and Turkey near Syrian rebels deal
Turkey and the US have reached a tentative agreement to train and arm moderate Syrian opposition forces taking on Islamic State (IS) militants.
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Saudi MegaprojectsIn Pictures: 10 Saudi Arabian Megaprojects
More than 80 megaprojects, each worth at least $1 billion, are under way or planned for completion by 2030 in Saudi Arabia making it the Middle East’s largest construction and build market by a huge margin. Here are The Big 5 Hub’s selection of 10 of the most exciting.
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Muslims in America‘We’re all one’: Chapel Hill shooting victim’s heartbreaking StoryCorps interview
Tuesday’s shooting in Chapel Hill, which killed Mohammad, 21, her husband Deah Shaddy Barakat, 23, and her sister Razan, 19, changed all that. As soon as the victims’ names were reported, speculation swirled that the three had been slain because of their religion. Chapel Hill police said the shooting was motivated by a clash about parking, an explanation many disputed. The murders sparked a national debate about hate crimes and the treatment of Muslims in the United States.
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