As governments and organisations across the Middle East work towards achieving their net-zero agendas, sustainable finance plays a crucial role by raising capital for projects essential to achieving these targets. Robust capital markets, supportive regulatory frameworks, and transparent sustainability reporting are some of the key ingredients for a well-functioning sustainable finance practice, requiring cooperation from all relevant stakeholders, including governments, private companies, and regulators.
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PHOTOS: Crown Prince Mohammad Bin Naif, Deputy Crown Prince Mohammed bin Salman Meet with President Obama Today in Oval Office
President Barack Obama will meet with Saudi Arabia’s Crown Prince Mohammed bin Nayef and Deputy Crown Prince Mohammed bin Salman in the Oval Office on Wednesday, ahead of a summit with other Gulf Arab leaders, the White House said on Tuesday.
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Saudi Arabia’s Foreign Minister Adel Al-Jubeir Joins Twitter
Saudi Foreign Minister Adel Al-Jubeir has joined Twitter, announcing through his first Tweet: “This is the official and only account for Saudi Foreign Minister H.E. Adel bin Ahmed Al-Jubeir,” which followed an earlier Arabic version of the tweet. This is the official and only account for Saudi Foreign Minister H.E. Adel bin Ahmed Al-Jubeir — […]
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Saudi Arabia’s King Salman to Miss US-GCC Summit, Crown Prince Mohammad Bin Naif to Attend
Saudi Foreign Minister Adel bin Ahmed Al-Jubeir announced today that Crown Prince Mohammad bin Naif, Deputy Prime Minister and Minister of the Interior, will lead the Saudi delegation to the United States-GCC Summit, according to a Press Release issued by the Royal Embassy of Saudi Arabia in Washington. “The Custodian of the Two Holy Mosques King Salman bin Abdulaziz deputized […]
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Saudi Foreign Minister Adel Al-Jubeir, Secretary of State John Kerry Jointly Announce Proposed 5-Day Cease Fire in Yemen; Meet Again Today in Paris
Saudi Arabia’s Foreign Minister Adel Al-Jubeir and Secretary of State John Kerry announced on Thursday a proposal for a 5-day ceasefire in Yemen to conduct humanitarian missions in a joint press conference in Riyadh. After the truce was proposed, Saudi Arabia intensified its airstrikes against the main Shiite rebel stronghold in Yemen, with warplanes carrying […]
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Investigating Consumer Awareness of Energy Efficiency in Saudi Arabia
One of Saudi Arabia’s leading national challenges is soaring energy consumption. As one of the world’s largest oil producers, Saudi Arabia keeps domestic energy prices low through subsidies, and as a result the Kingdom is threatened by unrestrained domestic fuel consumption which has increased by more than 30% since 2000. A new research paper by Samar Khan, Hafez […]
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Saudi Arabia Arrests 93 Suspected Members of Daesh, ‘Including at Least 65 Saudi Nationals’
Saudi Arabia has arrested 93 people suspected of belonging to the Sunni Muslim militant group Islamic State, including at least 65 Saudi nationals, according to a Reuters report this morning citing the SPA. The round-up comes as Saudi Arabia intensifies its efforts to crack down against extremism both inside the Kingdom and externally in neighboring […]
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King Salman Relieves Health Minister, Appoints Mohammed bin Abdulmalik bin Abdullah Al Al-Sheikh to the Post
Saudi Arabia’s King Salman has relieved Health Minister Ahmed al-Khatib of his post, according to the SPA, in the second removal of a minister this month in the social services sector. Saudi Arabia’s new Minister of Health, Mohammed bin Abdulmalik bin Abdullah Al Al-Sheikh, will serve on an acting basis, the SPA said. Minister Al-Sheikh replaces Ahmed bin Aqeel […]
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U.S. Treasury, Saudi Arabia Take Joint Action Against Terror Finance
U.S. and Saudi authorities have taken joint action against a group that financed terrorist activities, the U.S. Treasury said in a press release today in a move that a Treasury official said “reflects the strength of U.S. and Saudi cooperation on countering the financing of terrorism.” The U.S. Treasury and Saudi Arabia took steps to “disrupt the […]
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#FocusKSA: 3 Experts Discuss Saudi Intervention in Yemen
Saudi Arabia’s airstrikes against Houthi rebel positions in Yemen as part of Operation “Determination Storm” or “Decisive Storm” is the subject of the latest SUSTG and SUSRIS FocusKSA series of online video discussions. SUSRIS’ Patrick Ryan interviewed three experts for their analysis on the conflict: Dr. Theodore Karasik, Gulf-based regional specialist Prof. David Des Roches, […]
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Video: Saudi Ambassador to the United States Adel Al Jubeir Gives Interview to CNN’s Wolf Blitzer
Saudi Arabia’s Ambassador to the United States Adel al-Jubeir gave an interview to CNN’s Wolf Blitzer yesterday to talk Iran, Yemen, and even the plot by an Iranian agent to kill him at an upscale Washington, D.C. restaurant in 2011. The eloquent and soft-spoken al-Jubeir, who has served as Saudi ambassador to the United States since […]
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U.S. and Iraqi Commandos Targeted ISIS in Sprawling Operation
The joint operation in Anbar province came even as Iraq’s prime minister, Mohammed Shia al-Sudani, and Iraqi military commanders say they can keep the ISIS threat under control without U.S.-led assistance. Iraq and the United States are negotiating an agreement that would wind down the mission of the U.S.-led military coalition in Iraq. There are about 2,500 U.S. troops in Iraq and 900 in neighboring Syria.
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A More Prominent Role for Global Auction Houses in the Gulf Art Scene: “It’s All Coming”
In a global first, Christie’s auction house recently hosted a mid-career retrospective of Mater’s work: “Ahmed Mater: Chronicles,” nearly 20 years after the first presentation of the artist’s work at the British Museum in 2005. Curated by Ridha Moumni, chairman of Christie’s Middle East and Africa, the show reveals work in a variety of mediums –painting, photography, sculpture, video, and installation – that span Mater’s extensive career to date, from his first artistic experiments during his early years in Abha, Saudi Arabia to his latest projects.
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Bridging the Gaps for an Orderly Energy Transition: The Role of Sustainable Finance in Saudi Arabia
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Measuring Green Jobs in Saudi Arabia: Saudis in Green Occupations
This paper offers the first estimate of employment in Saudi Arabia that can be linked to the energy transition. Using a task-based taxonomy devised by the United States Bureau of Labor Statistics applied to detailed administrative data on Saudi workers, it is estimated that in 2022 almost 30% of all Saudi workers in the private sector were employed in “green” occupations.
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Isabelle Werenfels: North Africa’s Relationship with Europe
When it comes to security, I think NATO has added value. If we just take one example, most North African armies really noticed how well the Ukrainians did initially in February 2022, thanks to NATO training. These countries are very keen on that. It is a way to build ties and bring them closer to the alliance, which is the ultimate goal.
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Saudi Red Sea Authority: More Than a Sea
The Saudi Red Sea Authority (SRSA) has launched a campaign titled “More Than a Sea”, which revolves around four main pillars of SRSA’s roles: regulations, sustainability, attracting investments, and promoting tourism experiences in the Red Sea, to highlight its contributions toward building a thriving coastal tourism sector.
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Virgin Atlantic Reviews ‘Gender Neutral’ Policy for New Saudi Route
In recent years, the airline has been proactive in its diversity messaging. The airline’s Gender Identity Policy, published in 2022, allows cabin crew, pilots, and ground personnel to choose which uniform best represents them. This is irrespective of their gender, gender identity, or gender expression. At the time, Virgin said the move “cements its position as the most inclusive airline in the skies.”
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Al-Ittihad sign Netherlands winger Bergwijn from Ajax
Saudi Arabia’s Al-Ittihad Football Club have signed winger Steven Bergwijn from Ajax Amsterdam FC, both clubs said on Monday. The Saudi Pro League side will pay more than €21 million ($23.25m) for the 26-year-old, whose contract with the Dutch club was valid until June 2027, said Ajax.
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Flow House brings surfing sights to Saudi Arabia
The Flow House concept will include indoor surfing experiences that are open throughout the year. The experiences will include flowboarding sessions and competitions, and it will welcome amateur as well as professionals. The experience draws inspiration from tropical islands, and will include live music and a restaurant overlooking the water. Plus, the menu will include plant-based and vegan options.
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U.S.-Saudi Business Council Announces New CEO
Mr. Hallab is a long-standing member of the Board of Directors of the Council and the founder of Barrington Global, an international legal and strategic advisory firm focused on the intersection of law, business and policy between the Middle East and the West. Mr. Hallab previously served as Chair of the Middle East Practice at the global law firm of Mayer Brown and in multiple leadership roles both at Mayer Brown and at the international law firm of Baker McKenzie.
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