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Recent stories from sustg
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Death Toll Climbs from Beirut Explosion as Saudi, UAE Express Condolences, Solidarity with Lebanese People
- August 5,2020
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- SUSTG Team
The death toll from the massive explosion that rocked Beirut, Lebanon yesterday continues to climb as Saudi Arabia and the UAE pledge solidarity and support to the Lebanese people.
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New Mahd Sports Academy in Riyadh will Focus on Discovering and Developing the Kingdom’s Next Sports Talents
- July 29,2020
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- SUSTG Team
Saudi Arabian sports officials on Monday unveiled in Riyadh a new project to discover and nurture young sports talent in the Kingdom, according to reports.
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Saudi Arabia’s Stock Market to Launch ‘Saudi Futures 30’ on August 30th
- July 15,2020
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- SUSTG Team
Saudi Arbaia’s Stock Exchange (Tadawul) announced that it will launch an exchange-traded derivatives product, the Saudi Futures 30 (SF30), on August 30th in a bid to attract investment interest into the Kingdom, according to reports.
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Before the Pandemic, Saudi Arabia’s Tourism Sector Showed Encouraging Rates of Growth
- July 9,2020
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- SUSTG Team
Before the global pandemic and resulting economic slowdown, Saudi Arabia registered significant growth in one of its key industries of focus in 2019 as the Kingdom looks to diversify its economy away from oil, an encouraging sign of progress that could be resumed when Coronavirus fears wane. Inbound tourism in Saudi Arabia was up a […]
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Saudi Arabia’s Central Bank Governor Sees ‘Light at the End of the Tunnel’ for Saudi Economy
- July 6,2020
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- SUSTG Team
Saudi Arabia’s central bank governor said it’s “too early” to tell if the Kingdom’s economy will bounce back with a V-shaped recovery as the government loosens coronavirus-related restrictions, according to a Bloomberg report.
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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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MUST-READS
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Power ConsumptionSaudi power consumption three times world average
Branch manager for 'Reem' in the Middle East and North Africa called on air conditioner manufacturers in the Kingdom to abide by the required standards and specifications so that they can export their products abroad.
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Women's RightsSaudi Arabia to give divorced women more power over children, to cut dependence on men
While the move will empower divorced women and widows, it is also expected to unclog the judicial system, as these women would have to go to court if their male relatives did not heed to their requests for even basic family activities.
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U.A.E. MilitaryA Military Power Rises in the Mideast, Courtesy of One Man
“The U.A.E. couldn’t afford to just sit there and pretend to be Switzerland and have the whole region burn down,” said Mishaal Al Gergawi, managing director of the Delma Institute research center in Abu Dhabi. “You need to either put out the fire or leave the neighborhood. But countries don’t have wheels.”
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Saudi - IranPerspective: Iran’s Syrian Power Grab and Saudi Arabia
The divide between Iran and Saudi Arabia, the Middle East’s most prominent Shia and Sunni powers, respectively, has deep roots. If we are to understand what is really happening in the Middle East today – not just in Syria – one must consider the origins of the Sunni-Shia schism, the Arab-Persian divide, and past struggles over the governance of Islam.
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SyriaWorld powers to push for Jan. 1 start of Syria negotiations, then cease-fire
World powers meeting here on the Syria crisis agreed Saturday to push for political negotiations between opposition forces and representatives of the government of President Bashar al-Assad by Jan. 1, to be followed by an immediate, U.N.-monitored cease-fire.
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Nuclear Power and WaterNuclear Power in Saudi Arabia
It consumes over one-quarter of its oil production, and while energy demand is projected to increase substantially, oil production is not and by 2030 a large proportion will be consumed domestically, much of it for electricity generation.
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AfghanistanPowerful earthquake strikes northern Afghanistan
A powerful earthquake has struck northern Afghanistan, with tremors felt as widely as Pakistan and northern India.
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IraqPower failure in Iraq as militias outgun state
Prime Minister Haider al-Abadi came to office a year ago promising to rebuild his country. But the Iraqi state has grown weaker as power has leaked to Shi’ite militia leaders
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Government Agency SupervisionNew Saudi performance center adds to top prince’s powers
The new body was announced on Monday in a cabinet statement that also said a new committee had been set up to oversee real estate policy. It added that plans to tax unused land were being sent to the advisory Shura council for review, a sensitive subject in a country with a housing shortage.
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Power RentalMiddle East power rental market worth €440 million in 2014
The power generation rental markets in the GCC countries were primarily driven by demand from utilities and the construction industry, with Saudi Arabia emerging as the largest power rental market.
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