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  • Energy Subsidies in the Gulf a Staggering $160 billion Annually, World Bank Says
     

    Gulf states are spending an average of 10% of GDP on energy subsidies each year, a total of $160 billion, an IMF official said according to Arab News. “The GCC and other MENA states must start cutting energy subsidies now otherwise problems associated with them will get worse,” said Shantayanan Devarajan, chief economist for the World Bank in Middle […]

     
  • First Global Entrepreneurship Forum Kicks off in Riyadh, Saudi Arabia as Kingdom Eyes SME Growth
     

    The first Global Business Entrepreneurship Forum (GEF) was held in Riyadh, Saudi Arabia today to bring together top business and startup leaders to the Ritz Carlton Hotel near the Diplomatic Quarter in the Saudi capital.  Organized by the Centennial Fund, the GEF’s first event in Riyadh was a chance for entrepreneurs and others in the […]

     
  • Al-Jubeir: ‘Every Time the U.S. and Saudi Arabia Have Come Together, We have Done Wonders for the Region’
     

    In his luncheon keynote remarks to the National Council on US-Arab Relation’s annual policymaker’s forum in Washington, D.C., Saudi Arabia’s Ambassador to the United States Adel al-Jubeir discussed the historical and current status of the Saudi-U.S. relationship and it’s track record of success when facing regional and global challenges. Full video of his remarks can […]

     
  • At Policymakers Event, Prince Turki al-Faisal Takes Aim at Allegations of Saudi Support of Terror
     

    Saudi Arabia’s Prince Turki al-Faisal, Chairman, King Faisal Center for Research and Islamic Studies, Riyadh, Saudi Arabia and former Saudi Arabian Ambassador to the United Kingdom and to the United States of America, delivered sharp criticism of those who put forth unsupported allegations of Saudi financing of extremism abroad, urging them to come forward with […]

     
  • #FocusKSA: Power Subsidies and Electricity Supply in Saudi Arabia
     

    A clip from SUSTG.com’s recent FocusKSA discussion with Dr. Fahad al-Turki of Jadwa Investment highlights some challenges and opportunities in powering the Kingdom of Saudi Arabia.     Jadwa is a well-regarded, Shariah-compliant, investment firm based in Riyadh and Dr. Fahad spearheads a superb analysis team that publishes very informative reports such as it’s Chart […]

     
  • 23rd NCUSAR Policymaker’s Conference Begins Tomorrow in Washington
     

    The National Council‘s 23rd Annual Arab-U.S. Policymakers Conference begins tomorrow, September 28th-29th at the Ronald Reagan Building and International Trade Center in Washington, D.C. Saudis scheduled to speak at the event include HRH Prince Turki Al Faisal, H.E. Dr. Abdullah I. El-Kuwaiz and others.  For a full list of speakers and the agenda, click here. You can […]

     
  • Opinion: Teaching Religious Tolerance in Schools
     

    In recent months, much attention has been given to the expanding influence of jihadist groups and religious extremists in the Middle East. The rise of the Islamic State (ISIS) in Iraq has been attributed, in part, to former Prime Minister Maliki’s sectarian policies. The Houthis, a Shiite rebel group in Yemen have occupied Sanaa and […]

     
  • Murder of Abdullah Alkadi in California Hits Home for Saudi Students, Families
     

    The suspected murder-carjacking death of Saudi Arabian national Abdullah Alkadi has caused tremors through the vast, tightly-knit community of Saudi students in the United States. In comments to SUSTG, Ghadah Alghunaim, co-founder of the popular Saudi student social networking group, Saudis in USA, said that the event shook many Saudi students in the US and […]

     
  • Body of Saudi Student in the USA Abdullah Abdullatif Alkadi Found in California Desert
     

    Saudi students in the USA and others on social media are mourning Abdullah Abdullatif Alkadi, whose body was found in Palm Desert, California alongside a freeway more than a month after he disappeared. The 23 year old California State University, Northridge student was an electrical engineering student on the King Abdullah Scholarship Program. His brother […]

     
  • Saudi Labor Reform and a Supermarket Checkout Line
     

    Last month SUSTG featured a Summer 2014 Report Card analysing the Nitaqat Program to significantly increase the number of Saudis in the workforce.  In that article Nathan Field assessed the structural reform required simply to implement the Nitaqat initiative as well as the array of regulatory changes and their impact on the Saudi labor environment. In […]

     

MUST-READS

  • Saudi Arabia’s crude oil production reaches seven-month high in February

    Saudi Arabia’s crude oil production reached in February 2024 a seven-month high of 9.01 million barrels per day (bpd), according to data from the Joint Organizations Data Initiative (JODI). This represented a rise of 55,000 bpd or 0.61 percent compared to the previous month.

    Additionally, the data showed that Saudi Arabia’s crude oil exports increased to 6.32 million bpd, reflecting a monthly increase of 0.32 percent.

  • Saudi Arabia’s minister highlights $3 billion in Spanish real estate investments, announces upcoming development agreement

    The Saudi Minister of Municipal, Rural Affairs, and Housing, Majid bin Abdullah Al-Hogail, discussed the significant growth in investments between Saudi Arabia and Spain. He stated that Spain’s investment in Saudi Arabia has exceeded $3 billion over the past 10 years, with 40 percent of these investments in the real estate sector.

  • Saudi Arabia nears $1bn deal for stake in Barrick’s Reko Diq

    Barrick chief executive Mark Bristow has said in recent interviews that he doesn’t want to “dilute” the company’s stake in the project, but “would not mind” if Saudi Arabia’s Public Investment Fund (PIF) wants to buy out the equity of the Pakistan government. Pakistan has not publicly stated whether it is considering selling its part in the project. Barrick, the world’s No.2 gold producer, believes that the proposed mine is one of the world’s largest underdeveloped copper-gold prospects.

  • IMF Boosts Saudi Economy Growth Forecast to 6% by 2025

    The International Monetary Fund (IMF) has revised its expectations for Saudi Arabia’s economic growth, projecting a robust expansion of 6% by the year 2025. This represents an upward revision from the earlier forecast of 5.5% made earlier in the year. However, the IMF also noted a slight adjustment in its outlook for 2024, with the Kingdom’s output now expected to grow by 2.6%, down 0.1% compared to the previous projection. In its latest report, the IMF highlighted the broader economic landscape of the Middle East and Central Asian region, projecting growth rates of 2.8% and 4.2% for the years 2024 and 2025, respectively.

  • Marriott Releases Lawrence of Arabia-Inspired Campaign in Saudi

    Marriott International has dressed one of its top general managers as Lawrence of Arabia to promote its new resort along the Red Sea. Nujuma, A Ritz-Carlton Reserve is expected to be the most expensive hotel ever operated in Saudi Arabia – commanding rates of more than $3,400 a night when it opens on May 26. In a new promotional video, multi-property general manager Tony Coveney is seen crossing the desert and collapsing on the beach with a “newfound identity as a sheikh” to the main theme of Lawrence of Arabia – a historic epic based on the life of Thomas Edward Lawrence, which was once banned across Arab countries.

  • Scenario-mapping: Iranian conservative media think out Israel’s next steps

    Amid anticipation of Israeli reprisals for Iran’s Apr. 14 attack on military sites in Israel, Iranian media is rife with speculations about possible scenarios ahead. Speaking to pro-reform Sharq daily, controversial pundit and retired professor Sadeq Zibakalam said it would be unwise not to get prepared for the worst-case scenario, referring to all-out war. Reviled by hardliners, Zibakalam has come under sharp criticism from conservatives in recent days over his warnings about major threats ahead.

  • Amid threat of war, Iran faces public backlash over hijab crackdown

    Iran has renewed a push to impose the mandatory Islamic dress code. The move follows a call by Supreme Leader Ayatollah Ali Khamenei for hijab regulations to be respected. In the aftermath of nationwide anti-establishment protests in 2022, a rising number of women have abandoned headscarves. The current crackdown has prompted strong criticism on Iranian social media, reviving the battle of wills between the state and much of society over obligatory hijab.

  • Saudi Arabia Seeks Data Law Balance: Streamlining Business While Upholding International Standards

    Saudi Arabia's Proposed amendments to its Data Protection Law (DPL) could significantly impact international companies operating in the region. These changes focus on streamlining the process of transferring personal data outside the country, potentially offering greater flexibility and cost savings for businesses.

  • Hiba Husseini: Peacemaking After Oslo

    Hiba Husseini is a Ramallah-based lawyer who lives in Jerusalem. She served as a legal advisor to Palestinian peace negotiators for 30 years. About a year ago, she and longtime Israeli peace negotiator Yossi Beilin released a plan called the Holy Land Confederation, which seeks to lay the groundwork for a two-state solution to the Palestinian-Israeli conflict.

  • Perspective: Israel Exposes the Contradictions in Biden’s Foreign Policy

    The main non sequitur at issue concerned Biden’s dual message to Israel following this weekend’s massive barrage of drones and missiles from Iran. Part I says that American support for Israel is, and will forever remain, “ironclad.” Part II qualifies that the US is determined to “prevent escalation,” meaning a wider regional or even global war. That second aspect requires leaning on Israel to show restraint in its retaliation. But which of the two parts has priority?