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Recent stories from sustg

  • King Abdullah’s Message to the World: Destroy the Islamic State Before It Spreads to the West
     

    At a meeting for new diplomats in Riyadh, Saudi Arabia’s King Abdullah warned that the Islamic State (also known as ISIS or ISIL) may spread to Europe and the United States if it is not first destroyed in Iraq and Syria. According to the AFP/Yahoo, King Abdullah made the blunt remarks at a welcoming ceremony on Friday for […]

     
  • 5 Things to Know about the TASI Opening
     

    Last month’s announcement that the Saudi Arabian stock market, known as the Tadawul or TASI, would open to foreign investment has created waves of optimism from news outlets to seasoned investors. Most think the opening of the market will be great for investors and provide extra liquidity and capital into the market, but the Saudi […]

     
  • Formidable
     

    Although many in the intelligence community assert that American (at least) foreign policy leaders had been alerted to the threat of re-emerging Sunni extremism in Iraq, the seemingly sudden appearance of ISIS (also Islamic State, IS, ISIL or Da’ish) in June 2014 has forced the United States along with its regional allies, Europe and even […]

     
  • Where are U.S. Airstrikes Bombing Islamic State Locations in Iraq From?
     

    Craig Whitlock in the Washington Post reports that recent U.S. airstrikes into Iraq on Islamic State targets are taking off from bases in Qatar and the UAE in addition to aircraft carriers in the Arabian Gulf, but neither government is directly admitting it at this time. That the U.S. is using Gulf allies as their […]

     
  • How Chairman and Owner of the Atlantic David Bradley Played a Key Role in Journalist’s Release
     

    Adam Goldman and Karen DeYoung detail in the Washington Post the role of David Bradley, Chairman and Owner of the Atlantic Media Group, and how the executive worked with an unnamed FBI Agent and Ghanim Khalifa al-Kubaisi, the chief of Qatar’s intelligence service, to free Peter Theo Curtis from captivity in Syria. The article draws […]

     
  • The Good Stuff
     

    So, Walid, this Saudi student at the University of Southern California was in Pennsylvania talking with some Amish farmers about their camels… A lot has been made of the King Abdullah Scholarship Program (KASP) established in 2005 to encourage Saudi students to study abroad. It is a truly ambitious enterprise that has propelled 150,000+ Saudi […]

     
  • Sfakianakis: ‘The great giant of the emerging markets has finally awakened’
     

    Saudi Arabia’s stability in contrast to many of its neighbors in the Middle East region is a cause for optimism for the Kingdom’s economy and future, writes John Sfakianakis in the Financial Times’ Beyond Brics blog. Noting that those who argue that the Kingdom is the next destination for turmoil have “been thinking that for […]

     
  • Stanford, KACST Team Up for Six Year Collaborative Partnership on Aerospace Research
     

    Stanford University and Saudi Arabia’s KACST have launched a new six-year collaborative research partnership to establish a center to develop new liquid rocket fuels for satellite applications, according to the Northern California-based university.

     
  • 35 percent of hotel rooms in Dubai occupied by Saudi Citizens on Summer Vacation
     

    Saudis are escaping the heat in the Kingdom by flocking to destinations abroad, but many aren’t making it far – a recent report in the Saudi Gazette finds that many are flocking to neighboring Dubai, a popular vacation spot for Saudis during the summer months. The Saudi Gazette reports that the high rates of Saudis […]

     
  • Europe’s Role in Bankrolling Terror Groups Around the World
     

    European governments that bargain with Al Qaeda and other terrorist organizations for kidnapped citizens are inadvertently filling the coffers of those organizations, according to this report by Rukmini Callimachi in the New York Times. Collectively, these countries are “underwriting jihad,” providing extremist groups with “at least $125 million in revenue from kidnappings since 2008, of […]

     

MUST-READS

  • Saudi Arabia’s environmental efforts helping to reduce dust storms

    The center’s Executive Director, Jamaan Saad Al-Qahtani, said dust storms are declining due to the country’s environmental initiatives, especially the Saudi Green Initiative, an ambitious national program of planting 10 billion trees within the kingdom. The natural reserves also prevent desertification, and recent favorable weather patterns have further aided vegetation growth.

  • Saudi Arabia condemns assassination attempt on former US president Trump

    Saudi Arabia on Sunday condemned the assassination attempt against former US president Donald Trump. In a statement by the foreign ministry, the Kingdom stressed its “rejection of all forms of violence” and expressed its “complete solidarity with the United States of America, the former president and his family.”

  • Thailand investment body opens first Middle East office in Saudi Arabia

    The Thai Board of Investment (BOI) officially inaugurated its office in Saudi Arabia to capitalize on investment potential and regional cooperation. This marks its first office in the Middle East, launched during the "Saudi-Thai Investment Forum" held in Riyadh on Sunday, with senior government officials and business leaders from both countries in attendance.

  • Turkish President Erdogan receives Saudi foreign minister

    Turkish President Recep Tayyip Erdogan on Sunday received Saudi Foreign Minister Prince Faisal bin Farhan Al Saud. “President Recep Tayyip Erdogan received Minister of Foreign Affairs of Saudi Arabia Prince Faisal bin Farhan bin Abdullah Al Saud at the Dolmabahce Presidential Office in Istanbul,” said the country’s Communications Directorate on X. Turkish Foreign Minister Hakan Fidan, who earlier Sunday had one-on-one talks with his Saudi counterpart, also attended the closed-door reception held at the Dolmabahce Palace Presidential Office.

  • Why Buy Now, Pay Later (BNPL) services are booming in UAE and Saudi Arabia

    In a recent study, Redseer Strategy Consultants shared that the use of Buy Now, Pay Later (BNPL) services is on the rise in the Middle East. Interestingly, the UAE and the Kingdom of Saudi Arabia (KSA) outscored their regional peers. Charting the growth of the BNPL industry in the region, Redseer notes that in 2022, one in 10 consumers was using BNPL services. But by 2023, this figure had doubled, with one in five consumers now using BNPL options for online transactions.

  • Saudi Arabia Ramps Up Purchases of Dirtiest Oil Amid Scorching Summer

    Saudi Arabia is the region’s biggest buyer of fuel oil, a type of dirty product that’s left over after refineries produce transport fuels like gasoline and diesel. It also burns crude oil directly to produce electricity, which likely contributed to the kingdom’s exports dropping to a 10-month low of about 5.6 million barrels a day in June, according to data compiled by Bloomberg. Fuel oil is mostly sold at a discount to crude since it’s heavier and more polluting.

  • Saudi Arabia emphasizes commitment to chemical weapons ban

    Saudi Ambassador to the Netherlands and Permanent Representative to the Organization for the Prohibition of Chemical Weapons, Ziad Al-Attiyah, reaffirmed Saudi Arabia’s commitment to enhancing international cooperation to prohibit all weapons of mass destruction and prevent their proliferation.

  • Saudi roads see 92% decline in accidents with new solar lighting

    This significant reduction resulted from installing solar-powered lighting at 149 road intersections across the country. This initiative has enhanced traffic safety by improving night visibility and clearly marking pathways for road users. The adoption of solar energy for lighting has also reduced operational costs and carbon emissions associated with traditional energy sources. The authority reported handling over 11,914 comments received through the call center and other digital channels. These included services for raising reports and requests, as well as answering all inquiries. The average response time was only seven seconds, with a service level of 93%.

  • Saudi Arabia tops MENA for venture capital investment in H1 2024

    Saudi Arabia has taken the top rank across MENA in terms of the amount of venture capital (VC) funding in H1 2024, with about $412 million, according to venture data platform MAGNiTT.  The Saudi venture investment market began the year in line with its performance in H1 2023, with non-mega deals accounting for 68% of the value of venture investment in H1 2024, up from 35% in H1 2023, according to MAGNiTT.

  • Kingdom of Gamers: Saudi Arabia to Host Inaugural Esports Olympiad

    In a groundbreaking move, Saudi Arabia has announced plans to host the first-ever Olympic-style Esports Games in 2025. This historic event will thrust competitive gaming into the global spotlight like never before, solidifying its status as a true mainstream phenomenon. The scope and scale of modern esports has transformed dramatically over the past two decades. What was once considered a niche hobby for socially awkward basement-dwellers is now a multi-billion dollar industry attracting worldwide audiences and elite athletic talent. The time is ripe for esports to take its rightful place alongside classic Olympic sports.