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John Kerry in Jeddah, Saudi Arabia to Coordinate with Allies in Upcoming Battle Against the Islamic State
- September 11,2014
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- SUSTG Team
Secretary of State John Kerry is in Jeddah today for talks with the Saudi Arabian government and other allies as the U.S. seeks a broad, cooperative effort in defeating the Islamic State. Saudi Arabia has agreed to provide bases for the training of moderate Syrian rebels who are battling the Sunni militants and the Assad […]
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Nitaqat Three Years On: A Summer 2014 Report Card
- September 11,2014
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- Nathan Field
Four years into the Arab Spring, Saudi Arabia has been an oasis of relative calm and stability in an otherwise tumultuous Middle East region. This is partially because the perceived social, economic and political dysfunction resulting from Arab Spring reform movements has had a sobering effect on Saudi perceptions. In fact, many Saudis consider the […]
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At Dinner with Foreign Policy Experts, Obama Previews Plans to Escalate Attacks on IS Without Congressional Approval
- September 9,2014
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- Lucien Zeigler
When President Obama announced that he would not strike Syria without Congressional approval in 2013 following a chemical attack by Syria’s President Assad, Gulf allies of the U.S. determined to see Assad overthrown were put off at the unwillingness of a U.S. President to follow through on a previously set “red line.” “While I believe […]
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Higher Education in Saudi Arabia: ‘The Easiest Part is the Buildings, the Hardest Part is What is Behind the Walls’
- September 9,2014
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- SUSTG Team
The 150,000 Saudi students studying overseas and 83,000 in the United States are just one part of Saudi Arabia’s higher education plans, former U.S. Ambassador to Saudi Arabia James B. Smith said in a recent FocusKSA video with SUSRIS Editor-in-Chief Patrick Ryan. Saudi Arabia has invested big in infrastructure for higher education, Smith said, and […]
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Social Media’s Arab Future
- September 9,2014
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- Richard Wilson
One could argue that of all the repercussions from the Arab Spring in 2011 none will be more consequential than the kickstart of a period of phenomenal growth of social media in the Arab World. The pace is astonishing. Apart from the numbers, what does it actually mean if Saudi Arabia has the highest per-capita […]
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Saudi Arabia Fast-Tracks Nuclear Power to Meet Soaring Domestic Demand
- September 9,2014
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- SUSTG Team
In an excellent round-up of the shifting energy sector in Saudi Arabia, James Conca in Forbes discusses Saudi Arabia’s embrace of nuclear and renewable energy sources to meet demand – an important initiative for the increasingly energy-hungry Saudi society. “Saudi Arabia burns almost a billion barrels of oil a year to produce electricity, this change […]
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Shifting Gender Norms in Saudi Arabia
- September 7,2014
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- Nouf Al Sadiq and Stefanie Hausheer
Though often caricatured as backwards and traditional, Saudi gender roles are undergoing a reconfiguration. Previously, the majority of Saudi women did not work outside of the home and relied on male relatives to manage many aspects of family life. Globalization and economic necessity, not necessarily liberal values, are propelling more Saudi women into work outside […]
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Saudi Arabian Northern Border Security Project Breaks Ground
- September 7,2014
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- Lucien Zeigler
Saudi Arabia has begun the first phase of a new border security project along its northern borders, according to the Saudi Press Agency. Phase 1 of the “Custodian of the Two Holy Mosques project for border security” was kicked off at a ceremony in Jeddah with a visiting delegation from neighboring Bahrain. Crown Prince Salman, […]
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‘Changing Tack’: Saudi Arabia Cushions Labor Reform with New Hours, Subsidies
- September 5,2014
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- SUSTG Team
A new draft labor law in Saudi Arabia “would limit working hours at companies to entice new employees” and includes adjustments to recent rules, according to a Reuters report. That report, a thorough look at Nitaqat reform in the Kingdom, found that reforms have had mixed results: [Read the full report from Reuters]
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Builder of “Largest Swimming Pool on the Planet” to Construct Lagoon, Golf Course in Saudi Arabia
- September 5,2014
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- SUSTG Team
Builders have already broken ground on a new $4 billion, 8-hectare project megaproject in Saudi Arabia, consisting of a large lagoon, the first Jack Nicklaus golf course in the Kingdom, and more as part of a larger development. The project, the Prince Sultan Cultural Centre (PSCC), is one of 8 mega projects the company has under development […]
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MUST-READS
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Saudi Arabia takes on debt to finance its megaprojects
Nevertheless, the risks, which the kingdom has carefully considered, remain manageable: Saudi Arabia's public debt is low (26.5% of GDP in 2023, compared with 65% in Germany and 112% in France), and its fiscal room for maneuver is substantial.
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Saudi Arabia pledges $40M to support UN agency for Palestinian refugees
Saudi Arabia announced Wednesday that it will donate $40 million to the UN agency for Palestinian refugees (UNRWA), which has been under pressure following funding cuts due to Israeli allegations, the Saudi Press Agency reported. The King Salman Humanitarian Aid and Relief Centre (KSrelief) signed a $40 million financial support memorandum with UNRWA to support its emergency appeal in Gaza, said the report.
- Saudi Arabia could become the largest player in the AI industry
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The four Grand Slams, the two tours and Saudi Arabia are all hoping to revamp tennis
Tennis could be on the verge of massive structural change if one of two separate proposals formulated by the four Grand Slam tournaments and the WTA and ATP professional tours ends up moving forward
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FIFA Series 2024 Saudi Arabia™ Set to Commence This Thursday in Jeddah
FIFA has announced its support for its member federation in facilitating a set of international friendly matches. These games will include the participation of four national teams from diverse continental federations and will all take place in a single host country, with Saudi Arabia accommodating two such groups. Jeddah is poised to welcome the teams, staging the matches at the reserve stadium of King Abdullah Sports City and Prince Abdullah Al-Faisal Sport City Stadium, scheduled from March 21 to March 26 this year.
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With $40B fund, Saudi Arabia looks to become world leader in AI
Andreessen Horowitz regularly invests in AI, and the company’s co-founder, Ben Horowitz, is friends with PIF governor Yasir Al-Rumayyan, the sources told The New York Times. The pair have mooted the possibility of the Silicon Valley firm setting up an office in Riyadh, one source told the newspaper. Read more: https://www.al-monitor.com/originals/2024/03/40b-fund-saudi-arabia-looks-become-world-leader-ai#ixzz8V6wWnoWm
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NDMC closes the March 2024 Issuance under the Saudi Arabian Government SAR-denominated Sukuk Program
The National Debt Management Center announces the closure of March 2024 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The Total Amount Allocated was set at SAR 4.441 Bn (four billion and four hundred and forty one million Saudi Riyals)
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Saudi Arabia distributes 1 million iftar meals in Riyadh, Jeddah and Dammam to curb road crashes
A Saudi initiative has been launched to give away 1 million fast-ending iftar meals on main roads in the kingdom during Ramadan to reduce traffic accidents. Undertaken by the Saudi National Centre for Responsibilities and Studies and the Saudi Coffee Company Barn’s, the effort is aimed at distributing the meals at traffic signals and road intersections in the cities of Riyadh, Jeddah and Dammam during Ramadan to curb the pre-iftar accidents.
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Saudi Arabia’s crude production rose to 8.96 mbpd in January: JODI
According to the latest report by the Joint Organizations Data Initiative, the Kingdom’s crude exports in January declined by 11,000 bpd to 6.29 mbpd, signifying a 0.17 percent dip compared to December. Saudi Arabia’s decline in crude exports is attributed to the Kingdom’s decision to reduce oil output, aligned with an agreement by the Organization of the Petroleum Exporting Countries, and its allies, known as OPEC+.
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Saudi Arabia greenlights IMF regional office in Riyadh
Saudi Arabia has greenlit the International Monetary Fund’s (IMF) establishment of a regional office in the capital Riyadh, in a decision which is expected to enable further collaboration between the two and to boost the kingdom’s standing in the global financial community. According to the state-run Saudi Press Agency (SPA), the Saudi Cabinet – presided over by King Salman – approved the permission for the IMF to open its regional office in the Gulf state this week, around two years after they signed the initial agreement for the office back in 2022.
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