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Recent stories from sustg
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Saudi female entrepreneurs exploit changing attitudes
- May 30,2012
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- Lucien Zeigler
In Saudi Arabia, a small but determined number of women are overcoming obstacles to build their own thriving businesses. Social constraints in the conservative Kingdom have not stopped women from amassing substantial individual wealth. An estimated $11.9 billion is held by women primarily in bonds and bank accounts, according to asset managers Al Masah Capital. […]
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Saudi construction sector ‘most buoyant globally’
- May 24,2012
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- SUSTG Team
Massive construction projects in the GCC, particularly around social and transport infrastructure, will offer tremendous opportunities valued at up to $500 billion for contractors, Deloitte Middle East’s annual report “GCC Powers of Construction: Five Lessons to Learn From” released Wednesday said. The Deloitte report showed that there is imminent growth in the Saudi Arabian construction […]
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Saudi Women Tackle Everest to Advance Breast Cancer Awareness
- May 19,2012
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- SUSTG Team
To the ten Saudi women attempting a punishing ascent to a major milestone on the world’s highest peak, the dangers of reaching the Mount Everest base camp are no match for their cause. As a part of an ever-growing effort in Saudi Arabia, the campaign, “A Woman’s Journey: Destination Mount Everest,” intends to raise awareness […]
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The Surprising $100 Billion Solar Investment
- May 16,2012
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- SUSTG Team
If you thought Germany and California were aggressively trying to add solar power to the grid, the oil state of Saudi Arabia is giving both of them a run for their money with recent plans to enter the solar market. The country is looking for investors in a $109 billion plan to build 41 GW […]
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Effat University on the Forefront of Change in Saudi Arabia
- May 16,2012
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- SUSTG Team
I was also impressed to see Effat graduating a quarter of its students from its College of Engineering, which it established in partnership with Duke University’s Pratt School of Engineering. When I first visited Effat seven years ago, it was still in the early stages of establishing engineering as a degree, a first for women […]
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Global Markets Drag on TASI
- May 15,2012
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- SUSTG Team
The TASI has dipped over the past month, primarily due to global factors. First quarter results of listed companies point to ongoing strength in the domestic economy, with profits 14.9 percent higher than in the first quarter of 2011. Nonetheless, the TASI is down by 10 percent since the end of March, mirroring falls on […]
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Baseball and Saudi Economic Policy
- May 15,2012
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- Richard Wilson
Dr. Muhammad Al-Jasser, Minister of Economy and Planning, recently spoke to the Young Businessmen’s Committee of the Riyadh Chamber of Commerce and Industry. Though the setting would appear innocuous, Dr. Al-Jasser’s remarks were not. The theme was the Future Vision of the Saudi Economy and they are worth reading in full.
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Not a Drop to Drink: The Global Water Crisis
- May 9,2012
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- SUSTG Team
In the next twenty years, global demand for fresh water will vastly outstrip reliable supply in many parts of the world. Thanks to population growth and agricultural intensification, humanity is drawing more heavily than ever on shared river basins and underground aquifers. Meanwhile, global warming is projected to exacerbate shortages in already water-stressed regions, even […]
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USTR: Saudi Continues to Protect Intellectual Property Rights
- May 8,2012
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- SUSTG Team
The Office of the U.S. Trade Representative on Monday released the 2012 Special 301 Report reviewing the intellectual property protection policies of foreign nations. Saudi Arabia is not named on the “Watch List” again this year and has not been since a successful Out-of-Cycle Review in 2009 to resolve IP issues in cooperation with the […]
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Island in the Gulf – A Film of Juraid Island
- May 8,2012
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- SUSTG Team
One of the great joys of living in Saudi Arabia has always been the natural environment itself – the dunes, the jebals and especially the Gulf with its beaches, reefs and islands. For those lucky enough to visit Juraid Island, fifteen miles offshore from Jubail, the experience has always been unforgettable. A pristine island shaped […]
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MUST-READS
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GCCThe GCC is Becoming More – and Less – than the Sum of Its Parts
Beset by new splits, bilateral partnerships, and regional coalitions, the GCC is demonstrating flexibility in a bid to maintain support and relevance.
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U.S.-Saudi RelationsState Department says Pompeo did discuss Yemen strike with Saudi prince
Secretary of State Mike Pompeo did discuss the recent Saudi-led airstrike in Yemen in a Monday call with a Saudi prince, an agency official said, after a State Department readout failed to note that aspect of the conversation.
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Public Investment FundSaudi fund may only play minor part in Musk’s $72 billion Tesla plan: bankers
Elon Musk told investors this week that “obviously, the Saudi sovereign fund has more than enough capital needed” to finance taking Tesla private.
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ME Smart CitiesSmart cities to drive Middle East data centre spending to US$5 billion by 2020
As the Middle East accelerates its digital transformation and smart cities growth, regional data centre spending and investment is expected to reach a new record high of US$5 billion by 2020, industry experts say.
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Women RidersSaudi women, free to drive, kickstart Harley-Davidson bike chapter
“We have the basic gear for women - armored jackets, helmets, gloves, boots and accessories,” Al-Mutlaq added. “But we expect there will be a growing interest, and we will get a bigger range as more women learn to ride. The most important thing for now, is women learning to ride.”
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EconomySaudi Arabia’s budget deficit declines by 84% in second quarter
The Saudi finance ministry said the country’s budget deficit in the second quarter fell by 84 percent to 7.4 billion riyals.
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Saudi-CanadaState Department urges Ottawa, Riyadh to resolve dispute
Sources close to the matter said Tuesday that Canada plans to seek help from United Arab Emirates and Britain to defuse the escalating diplomatic rift, as traders revealed Saudi Arabia would no longer buy Canadian wheat and barley.
- Reuters - Saudi Arabia stops medical treatment programs in Canada as row escalates
- CNBC - All you need to know about the escalating diplomatic row between Saudi Arabia and Canada
- Globe and Mail - U.S. refuses to back Canada in Saudi dispute
- Reuters - Saudi Arabian agency stops buying Canadian wheat, barley
- The Independent - Saudi Arabia ends medical programmes and moves patients out of Canada in deepening diplomatic row
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Iran SanctionsIran sanctions: Trump warns trading partners
US President Donald Trump has issued a strong warning to anyone trading with Iran, following his re-imposition of sanctions on the country.
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Global Oil MarketsCommentary: Saudi Arabia Is Starting to Stockpile Oil Again
Crude oil exports from the five Persian Gulf Arab members of OPEC fell by about 1.1 million barrels a day last month, after surging in June, according to Bloomberg tanker tracking.
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Prince Khaled bin SalmanSaudi ambassador to US Prince Khaled bin Salman visits CENTCOM headquarters
Prince Khalid bin Salman, the Saudi ambassador to the US, visited the US Central Command (CENTCOM) headquarters in Tampa, Florida.
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