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Saudi Arabia, France Announce ‘Major Partnership’ for Al-Ula Development
- October 8,2019
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- SUSTG Team
France and Saudi Arabia have announced a “major partnership” to develop the area of Al-Ula, a historic site in the Kingdom that is part of its push to bring in tourists and open the Kingdom up to investment. According to The National, the new partnership will take place in three phases, with the first being completed in […]
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Travelers Arrive in Saudi Arabia on Newly-Issued Tourist Visas
- October 2,2019
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- SUSTG Team
First visitors have arrived in Saudi Arabia on new tourist visas as Saudi Arabia looks to attract visitors and investment into the Kingdom. Saudi Arabia announced a new tourist visa scheme on Friday that will see the Kingdom open up to international leisure travelers for the first time, a historic milestone in a broader push to diversify and modernize its economy and society. […]
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King Salman Opens Jeddah Airport’s New Terminal
- September 25,2019
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- SUSTG Team
Saudi Arabia’s King Salman opened and toured a new terminal at King Abdulaziz International Airport in Jeddah on Tuesday as the Kingdom continues to invest in ambitious plans to transform its tourism sector. The new King Abdul Aziz International Airport Terminal 1 (KAIA Terminal 1) in Jeddah is one of the biggest infrastructure projects undertaken […]
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Trump says he does not want war with Iran, but says Tehran ‘likely’ behind attacks
- September 17,2019
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- SUSTG Team
President Donald Trump said on Monday it looked like Iran was behind attacks on oil plants in Saudi Arabia but stressed he did not want to go to war, according to reports, as the world watches how the Kingdom and its allies may respond to Saturday’s strikes. “It’s certainly looking that way at this moment,” Trump […]
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World’s Largest Fund Manager BlackRock Opens Office in Saudi Arabia
- September 5,2019
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- SUSTG Team
BlackRock, the world’s largest fund manager, has opened an office in Saudi Arabia, according to reports, as the company continues forward with plans to capitalize on the government’s economic reforms. A company spokeswoman told Reuters the BlackRock Riyadh office had “opened recently and is headed by Yazeed Almubarak,” the news service reports. Almubarak previously worked at Morgan Stanley […]
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Video: Saudi Ambassador to the United States Princess Reema on how lack of financial self-sufficiency for women is #Solvable
- August 28,2019
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- SUSTG Team
A new video interview released by the Rockefeller Foundation as part of a series on solvable problems around the world features Saudi Arabia’s new Ambassador to the United States, Princess Reema bint Bandar, discussing the issue of a lack financial literacy for women across the world. “Today more and more women are entering the workplace, […]
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Houthis attack Saudi oilfield with drone, but output ‘unaffected’
- August 19,2019
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- SUSTG Team
Oil prices rose for the second straight day as a drone attack launched by Yemen’s Houthi group on an oilfield in eastern Saudi Arabia on Saturday caused a fire at a gas plant, Reuters reports, but the attack “had no impact on oil production.” Energy Minister and Chairman of Saudi Aramco Khalid Al-Falih said the targeted […]
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Aramco Expats’ The Seven Wonders of Arabia, a Tribute to the Kingdom’s Remarkable Heritage Sites – Part 7: Ar Rajajil—The Stonehenge of Saudi Arabia
- August 9,2019
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- SUSTG Team
Aramco Expats, an online blog that is a resource for current and former Saudi Aramco expatriates and their families, recently published a series of excellent blog posts on the seven wonders of the Arabia – the best heritage sites and historical places in the Kingdom. In the final post of the series of seven, Aramco Expats chose the “Stonehenge of […]
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Houthis Reportedly Attack Dammam in Saudi Arabia, Military Parade in Yemen
- August 1,2019
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- SUSTG Team
Yemen’s Houthi group said on Thursday it had targeted a military site in Dammam, Saudi Arabia with a long-range missile and had launched a drone attack on a military parade in Yemen, which killed 30 people, according to reports. The attack in Dammam, which Houthis claim hit a military base, was not immediately confirmed by Saudi […]
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The Seven Wonders of Arabia, a Tribute to the Kingdom’s Remarkable Heritage Sites – Part 5: Al-Hasa—’The Grandest Oasis of All’
- July 26,2019
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- SUSTG Team
Aramco Expats, an online blog that is a resource for current and former Saudi Aramco expatriates and their families, recently published a series of excellent blog posts on the seven wonders of the Arabia – the best heritage sites and historical places in the Kingdom. In the fifth installment of the series of seven, Aramco Expats chose Al-Hasa Oasis in […]
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MUST-READS
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Exxon Debates Abandoning Some of Its Biggest Oil and Gas Projects
Members of the board—which includes three directors successfully nominated by an activist investor in May and two other new members—have expressed concerns about certain projects, including a $30 billion liquefied natural gas development in Mozambique and another multibillion-dollar gas project in Vietnam, the people said.
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Russia hosts Taliban for international talks in Moscow
Officials from 10 different countries, including China and Pakistan, are attending the meeting with representatives from the Taliban. The talks come after Putin warned that IS fighters were converging in Afghanistan.
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Lebanon leaders need to make ‘real, serious change’: Saudi FM
"Just the events of the last two days show us that Lebanon needs real, serious change," Saudi Foreign Minister Prince Faisal bin Farhan told reporters on a visit to Washington, a day after Lebanon's worst sectarian violence in years.
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Two years after October 17 protests, Lebanon’s economic crisis worse than ever
Two years after Lebanon's so-called October 17 movement began with major nationwide protests, disillusionment and fear prevail in the country. Several prime ministers have come and gone since 2019, but the protesters’ demands have not been met. FRANCE 24's Claire Paccalin speaks with Lynn Harfoush, an executive committee member of the National Bloc political party, who remains undeterred.
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Beirut port blast: Day of mourning in Lebanon after bloodshed at protest
What began as a protest outside the Palace of Justice - the main court building - by hundreds of people arguing the investigation had become politicised and demanding the removal of Judge Tarek Bitar quickly escalated.
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Saudi Arabia says it hopes situation stabilizes in Lebanon
Saudi Arabia has followed events in Lebanon with interest and hopes the situation stabilises as soon as possible, its foreign ministry said in a statement on Friday. Tension over an investigation into a massive blast last year in Beirut developed into the worst street violence in more than a decade on Thursday, with six Shi'ites shot dead and gun battles reviving memories of the country's 1975-90 civil war.
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Saudi Arabia’s measures contained pandemic impact on banking system, Fitch says
Measures taken by Saudi Arabia to curb the impact of Covid-19 on its economy and rising oil prices have helped the kingdom contain adverse effects of the pandemic on its banking system, Fitch Ratings has said. "Operating environment pressures from the pandemic have reduced, helped by recovering oil prices, high credit growth and resuming economic activity," Amin Sakhri, a director at Fitch Ratings said in the latest peer review note on Saudi Arabian banks.
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Morgan Stanley banker who advised on Aramco IPO to join Saudi Fransi Capital-source
Motaz Alangari, who is based in Riyadh, is leaving the Wall Street Bank after more than five years leading its Saudi investment banking business, according to a Morgan Stanley memo seen by Reuters. He will join Saudi Fransi Capital as head of the investment banking team, said a source familiar with the matter, who declined to be named as the matter is not public. A spokesperson for Morgan Stanley declined to comment.
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Tension over Beirut blast probe nudges Lebanon into new crisis
More than a year since the explosion ripped through Beirut, killing more than 200 people, Judge Tarek Bitar's efforts to hold senior officials to account for suspected negligence are facing mounting political pushback. Ministers aligned with the politicians Bitar has sought to question were expected to press the demand for his removal at a cabinet meeting on Wednesday, after the subject disrupted a stormy session on Tuesday.
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In northern Afghanistan, girls’ schools working despite ban elsewhere
While girls across most of Afghanistan remain at home while brothers go to high school, classes in some northern areas have been open for all students, highlighting regional differences starting to emerge two months after the Taliban seized power. Secondary schools remain closed for girls in much of the country, but in Mazar-i-Sharif, close to the border with Uzbekistan, local authorities have taken a different approach.
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