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Recent stories from sustg
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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’
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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OPEC+ Believes Glut Created with Pandemic ‘Nearly Gone’, Sees Stockpiles Diminishing Rapidly in 2021 – Report
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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Entertainment Activities to Resume in Saudi Arabia after Coronavirus Shutdowns, Authorities Announce
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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Saudi Arabia Issues International Travel Guidelines for Vaccinated Residents, Ramps Up Vaccination Drive
Saudi Arabia released new guidelines for resident travelers who are vaccinated, allowing them to travel abroad and return if they do not enter or pass through certain countries.
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Saudi Arabia Opens Up International Travel; Saudis Rejoice
Vaccinated Saudis will be allowed to leave the kingdom for the first time in more than a year on Monday as the country eases a ban on international travel, according to reports. The Ministry of Interior announced it will open land, sea, and air borders, allowing Saudi citizens to travel outside of the Kingdom beginning May […]
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Saudi Arabia’s Public Investment Fund Reportedly Eyes IPO for Security Company Elm
Elm, the digital security firm owned by Saudi Arabia’s Public Investment Fund (PIF), is exploring a roughly $2 billion initial public offering (IPO), Bloomberg reports.
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Saudi Arabia to Serve as Launch Point for Major Cruise Line for First Time in 2021
Saudi Arabia will become the launch point for a major cruise line for the first time later this year, CNN reports, with MSC Cruises operating a new series of voyages exploring the Red Sea coast of the Kingdom.
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Saudi Arabia Crown Prince: U.S., Saudi Arabia Still ‘Brothers’, Says Differences Minimal
Crown Prince Mohammed bin Salman of Saudi Arabia said in televised remarks aired on Tuesday in the Kingdom that the United States was still a strong strategic partner under the Biden administration and that Riyadh and Washington had only a few differences which it was working to resolve.
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Vice Media Group to Partner with SRMG, Open Office in New Trendy Arts and Culture District in Riyadh
Edgy global media brand VICE Media Group today unveiled the expansion of its commercial operations into Riyadh with the launch of a new local office and partnership with top Saudi media brand, the Saudi Research and Marketing Group (SRMG).
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Report: Lucid Motors Committed to Building Factory in Saudi Arabia after PIF Investment Round
A Wall Street Journal report on Tuesday revealed that the electric-car startup Lucid Motors Inc. has an “undisclosed commitment to build an assembly plant in Saudi Arabia, a potentially costly promise the company made after accepting more than $1 billion in financing from the Saudi Public Investment Fund in 2018.” The promise could be both […]
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MUST-READS
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How will MENA handle mass urbanisation?
MENA will be a global urbanisation hotspot over the next decade, with the region’s urban population expected to increase by one-quarter between 2020 and 2030. In fact, only sub-Saharan Africa will experience a faster pace of urban growth. Iraq and Egypt will see the largest increases, with almost 10m additional urban residents in both countries over the period.[1]
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Will Mandatory Face Masks End the Burqa Bans?
While face coverings are fast becoming the norm to slow the spread of the novel coronavirus, visible on city streets and public transportation everywhere, the global politics that surround them are more complicated than ever — a reflection not just of this current crisis, but also of broader values and stereotypes.
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Will Coronavirus End Another Hallmark of Saudi Arabia?
The monotone of the muezzin beckoning Muslims to worship five times a day is usually accompanied by a rush to close stores. But in the time of coronavirus and government curfews, another hallmark of Saudi life appears to have been dispensed with. Some locals now hope the change will become part of the massive social overhaul they’ve experienced since Crown Prince Mohammed bin Salman became their de facto leader in 2017.
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Commentary: Has Moscow really turned against Assad?
Russian President Vladimir Putin has good reason to be annoyed with Assad. Moscow would like to see an internal settlement to the war in which the Assad regime makes peace with enough of its internal opponents so that the fighting dies down drastically and reconstruction can proceed.
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Will it be a downsized Dubai that emerges from pandemic?
Even before the crisis struck, Dubai was in a downturn. Property prices had slumped more than 30 per cent from 2014 highs, and bankers and analysts were speculating whether the “build it and they will come” model had run its course.
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‘What’s the point of staying?’: Gulf faces expatriate exodus
A popular Saudi talk show host told private businesses this week it was their national duty to lay off foreign rather than local employees, warning that the dominance of Saudi Arabia’s workforce by expatriates was a “real danger”.
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Why Import Oil? Saudi Cargoes Help U.S. Refiners
It’s very different from U.S. West Texas Intermediate, which is light and “sweet.” The two crudes aren’t interchangeable in refiners’ systems. In addition, Saudi crude often is considered a “base load,” typically doesn’t spend time in storage and won’t take up U.S. storage space. Again, Saudi crude is needed by some U.S. refiners to optimize manufacturing of certain products.
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Restructuring in Saudi Arabia: Imperative or an opportunity?
The current and recently enacted bankruptcy law in Saudi Arabia levelled the playing field by offering businesses some protective options and room to work out agreeable restructuring solutions with banks.
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Will Saudi Arabia’s private sector be able to hold up during a pandemic?
As part of the royal decree, the Deputy Minister of Work Resources Abdullah N. Abuthnain disclosed three choices for Saudi employees in the private sector: exhaust the annual thirty leave days for employees, which also applies to employees with unused leave days; accept the alignment of remuneration with working hours under the current circumstances, which is less than regular work hours they used to perform; or take unpaid leave and receive governmental support which offers sixty percent of their salary. The final option is part of SANED, the Saudi insurance scheme against unemployment, which aims to motivate employers to keep their employees at zero cost.
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Will Global Governance Prove Itself?
Although institutions of international and regional integration have chalked up major successes in recent decades, they are hardly immune from internal and external challenges. In fact, both the health emergency and the looming debt crisis brought on by the COVID-19 pandemic will test these structures like never before.
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