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Recent stories from sustg

  • In 2016, Saudi Restrictions Removed for U.S. Meat Exporters
     

    2016 has been a good year for U.S. farmers and food producers looking to expand into the Saudi market as the Kingdom has relaxed previously established restrictions on both poultry and beef imports from the United States.  In July, Saudi Arabia lifted a lengthy four-year ban on US beef imports that followed a scare over […]

     
  • Ministry of Labor Moves to Implement Saudisation of all Telecom Shops
     

    The Saudi Ministry of Labor and Social Development continues to move aggressively to implement its goal to Saudize the telecom sector – specifically workers in mobile telephone shops – by September 2, 2016. Minister Mofrej Al-Haqbani had previously stated that, “We have no intention of postponing the implementation of the decision or extending the grace […]

     
  • As Civilian Casualties Grow in Yemen, Capitol Hill Questions U.S.-Saudi Arms Deals
     

    As casualties mount in the Saudi-led war in Yemen to reinstate the legitimate U.N.-recognized Hadi government, some U.S. lawmakers are considering whether to block the sale of additional arms to Saudi Arabia. It is not known if the potential block has significant backing on Capitol Hill, and criticism of past arms sales to Saudi Arabia […]

     
  • Saudi Capital Market Authority Eases Guidelines for Qualified Foreign Investors
     

    Saudi Arabia’s Capital Market Authority (CMA) Board has approved changes to rules that regulate what type of foreign investor can enter into the Saudi stock market.  The changes include 24 Articles that address procedures, requirements, and conditions for the registration of qualified foreign investors (QFIs) with the CMA to invest in listed securities in the Saudi […]

     
  • Is Saudi Arabia’s Economy Turning the Corner?
     

    Saudi Arabia’s non-oil private sector may be showing signs of stabilization after roughly two years of uncertainty and significant economic policy changes, according to new data. A recently published Saudi Arabia PMI by Emirates NBD shows growth in Saudi Arabia’s non-oil private sector accelerated to an eight-month high in July. “July’s survey is encouraging as it suggests […]

     
  • $6.9 billion in Tourist Projects Approved under Saudi NTP
     

    Saudi Arabia approved more than SR26 billion ($6.9 billion) of tourism projects under the Kingdom’s National Transformation Program (NTP) on Sunday, according to reports. The funding will go to existing development projects in the pipeline as well as new efforts to preserve Saudi Arabia’s heritage sites, of which many are seen as underdeveloped and inadequately protected. Previously, […]

     
  • Fahad Nazer: ‘What I learned from attending a round table with the Foreign Minister of Saudi Arabia’
     

    Last month, Foreign Minister Adel Al-Jubeir hosted a private round table discussion at the Embassy of Saudi Arabia in Washington with a very small group of Washington-based political analysts and Middle East scholars. Fahad Nazer, Senior Political Analyst at JTG Inc., shared his reaction from the meeting on JTG’s blog. “In this small, less formal setting, […]

     
  • SABIC, Exxon Affiliate Studying JV Petrochemicals Complex on U.S. Gulf Coast
     

    Saudi Arabia’s SABIC said Monday it is studying launching a jointly-owned petrochemicals complex with an affiliate of U.S. Exxon Mobil. fIf developed, the project would be “located in Texas or Louisiana near natural gas feedstock and include a world-scale steam cracker and derivative units,” the company said. Before making final investment decisions, the companies will “conduct necessary […]

     
  • U.S. Warns Of ‘Potential, Imminent Threat’ Against Americans In Jeddah
     

    The U.S. Embassy in Saudi Arabia posted a notice to its website yesterday warning of “potential, imminent threat against U.S. citizens in areas of Jeddah frequented by Westerners, such as markets, restaurants, and shopping malls, among others.” State Department spokesman John Kirby told reporters in Washington that the notice is “a security message, not a […]

     
  • Pokemon GO Banned in Saudi Arabia; 3 Arrested at Jeddah Airport – Report
     

    Pokemon GO, the viral video game phenomenon that has taken the U.S. and other markets around the world by storm, has been banned in Saudi Arabia, according to a report in the Evening Standard which cited the Arabic-language newspaper Almowaten. Pokemon GO is a game available on smartphones that allows users to catch different characters […]

     

MUST-READS

  • Saudi Taekwondo Champion Dunya AbuTaleb Soars to Fourth in World Rankings

    AbuTaleb, already the first Saudi woman to qualify for the Paris 2024 Olympics, has her sights set even higher. With her recent Asian Championship gold medal (another first for Saudi women's taekwondo), she's considered a strong contender for the World Championship bronze medal.

  • Mapping The World’s Refugee Population

    According to a report by the UNHCR, the number of people fleeing war, persecution and conflict exceeded 117 million. This number is up eight percent from the year before and increased by 31 percent compared to 2021.

  • More than 550 hajj pilgrims die in Mecca as temperatures exceed 50C

    At least 550 pilgrims have died during the hajj, underscoring the gruelling nature of the pilgrimage which again unfolded in scorching temperatures this year.

    At least 323 of those who died were Egyptians, most of them succumbing to heat-related illnesses, the two Arab diplomats coordinating their countries’ responses told AFP.

  • Saudi Arabia Tops Global Cybersecurity Rankings

    The Kingdom of Saudi Arabia has secured the top position globally in the cybersecurity indicator, according to the 2024 World Competitiveness Yearbook published by the Swiss-based Institute for Management Development (IMD). National Cybersecurity Authority (NCA) Board of Directors Chairman Dr. Musaed Al-Aiban congratulated the Saudi leadership on this achievement. He highlighted it as a confirmation of the country's leading role in international cybersecurity and a testament to its commitment to Saudi Vision 2030.

  • Israeli army knew of Hamas’s plans on 7 October, report finds

    The Israeli army and intelligence services had detailed knowledge of Hamas’s plan to attack Israel and take captives weeks before the 7 October attack, a newly surfaced document reveals. A report by Israel’s Kan News says the report, titled “Detailed End-to-End Raid Training”, was compiled by the Israeli army’s Gaza Division, distributed on 19 September 2023, and was known to top intelligence officials. The document went through Hamas’s intentions and described in detail the series of exercises conducted by the Palestinian group’s elite units.

  • What the Middle East can tell us about surviving in a hotter, drier future

    Our research work in countries with extreme temperatures recognizes that despite the harsh conditions—including the lack of water and intense heat—arid ecosystems have produced resilient flora and fauna, which have been forced to adapt in unique and novel ways. Desert animals like the oryx have developed the innate ability to conserve energy and survive when land is dry and food is scarce, and most plants in the desert don’t require a lot of water to thrive.

  • Embraer sees India, Saudi Arabia, EU, US as strategic defense markets

    Brazilian planemaker Embraer (EMBR3.SA), opens new tab sees India, Saudi Arabia, the European Union and the United States as strategic markets for its defense unit as it looks to expand sales of the C-390 Millennium, the head of Embraer Defense said on Tuesday.
    India has an open tender to buy military planes while Saudi Arabia, looking to replace an aging fleet of Lockheed Martin's C-130 Hercules, is currently in "early engagement" with Embraer, Bosco da Costa Junior told reporters at an event.

  • Saudi Arabia’s markets ready for annual surge in demand

    Every year, markets in Saudi Arabia witness increased footfall as Hajj pilgrims look for souvenirs and gifts to commemorate the journey of a lifetime. The gold market, especially in Makkah, Madinah and Jeddah, thrives with its showcase of intricate designs, from traditional to contemporary styles, catering to diverse jewelry tastes. Speaking to Arab News, Mohammed Akbar, a trader in Jeddah said: “During the Hajj season, we make it a point to showcase designs that cater to all nationalities. Pilgrims from diverse countries have a penchant for various types of gold.

  • Saudi Arabia seeks lithium deals in Latin America to drive electric vehicle ambitions

    Saudi Arabia, the world’s largest energy exporter, is pursuing investments in lithium production in Latin America as the kingdom seeks to position itself as a key player in the manufacture of electric vehicles.

    Bandar Alkhorayef, Saudi Minister of Industry and Mineral Resources, is expected to travel to Chile, which has the world’s largest lithium reserves, in July to meet his counterpart in the capital, Santiago, Reuters reported.

    Mr Alkhorayef told Reuters earlier this year that the kingdom was interested in sourcing lithium from abroad as it aims to enter the EV sector.

  • Bracing for the Sandstorm: The Gulf Energy Transition Imperative

    In 2014, a perfect storm of global events, from the rise of US shale oil production to the refusal of the Organization of Petroleum Exporting Countries (OPEC) to cut production in order to maintain market share, sent oil prices tumbling to under $50 per barrel. Following the onset of the COVID-19 pandemic in 2020, oil exporters had to contend with historically low oil prices and revenues. The once-mighty Gulf economies found themselves scrambling to adapt to these cyclical changes, their vulnerability to the whims of the global energy market laid bare. This experience starkly reminded the region that failing to prepare, diversify, and build resilience in a world of shifting sands may leave them behind.