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Recent stories from sustg
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Ambassador Chas Freeman on US-Saudi Relations, Obama Visit
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Richard Wilson and the Saudi-US Trade Group (SUSTG) [Video]
SUSTG’s Richard Wilson interviewed by SUSRIS editor-in-chief Patrick Ryan, the first in a new series called FocusKSA.
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‘Observe Ramadan in the true spirit of Islam’
Imams in mosques throughout the Kingdom, including those in Makkah and Madinah, welcomed on Friday the holy month of Ramadan with an immense sense of piety and requested their respective congregation to strictly follow the teachings of the Holy Qur’an during the fasting period. The Supreme Court in Riyadh called on all Muslims in the […]
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Needed Changes at Saudi Arabia’s Majlis As Shura Council
A parliament is a legislature. More generally, “parliament” may simply refer to a democratic government’s legislature. The term is derived from the French parlement, the action of parler (“to speak”): a parlement is a discussion. The term came to mean a meeting at which such a discussion took place. It acquired its modern meaning as […]
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FocusKSA: An Interview with Abdulaziz Alhazmi, COO and Acting Director General of Saudi Arabian Airlines (Saudia)
On the eve of the 2014 Saudi Arabian Cultural Mission (SACM) Career Fair and Graduation Ceremony last week, I sat down with Abdulaziz Alhazmi, COO and Acting Director General of Saudi Arabian Airlines (Saudia). Saudia is a major sponsor of these events and Mr. Alhazmi was in Virginia to personally congratulate the 12,500 Saudi students […]
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2014 SACM Career Fair and Graduation: 9 Things to Know
If you’re attending the 2014 SACM career fair and graduation ceremony in the Washington, D.C.-area starting on May 24th, you’ll be joining thousands of other Saudi students in the U.S. for an excellent networking opportunity. Students on the King Abdullah Scholarship Program and their families come from around the country to celebrate their achievements and […]
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SMEs in Saudi Arabia: How the Supreme Economic Council Can Support SME Growth in the Kingdom
SMEs (small and medium-sized enterprises) are key to an economy’s growth and account for 60% to 70% of jobs in most Organisation for Economic Cooperation and Development (OECD) countries, with a particularly large share in Italy and Japan, and a relatively smaller share in the US. The percentage contribution of SMEs to GDP/total value added […]
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The Euromoney Conference: Investment in Saudi Arabia – Sfakianakis
Just recently Fitch upgraded the sovereign rating of Saudi Arabia to AA from AA-, denoting a stable outlook for the Kingdom. Fitch’s upgrade of Saudi Arabia’s sovereign rating makes it rank seventh within the G20 members, after the United States, Germany, Canada, Australia, Britain, France, and ahead of even Japan and China. Despite political upheaval […]
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Commentary | King Abdullah: Nine Golden Years of Prosperity and Stability – Mulhim
Saturday marked the 9th anniversary [on the Islamic calendar] of Custodian of the Two Holy Mosques King Abdullah’s accession to the throne and pledging of allegiance to him. When King Abdullah assumed the leadership of Saudi Arabia, the world in general and the region in particular was facing difficult times, as violence, instability and drastic […]
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Saudi Minister of Finance Ibrahim Al-Assaf to Represent Saudi Arabia at the G20 Meetings in Washington on Thursday
The Saudi Press Agency reports the Minister of Finance, Dr. Ibrahim Al-Assaf, will represent Saudi Arabia in Washington on Thursday at the G20 meethings. He will join other finance ministers and governors of central banks.
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Israel’s Iran attack carefully calibrated after internal splits, US pressure
Israel's apparent strike on Iran after days of vacillation was small and appeared calibrated to dial back risks of a major war, even if the sheer fact it happened at all shattered a taboo of direct attacks that Tehran broke days earlier.Prime Minister Benjamin Netanyahu's war cabinet had initially approved plans for a strike on Monday night inside Iranian territory to respond forcefully to last Saturday's missile and drones from Iran, but held back at the last-minute, three sources with knowledge of the situation said.
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The U.S. Prevented War, Yet Iran’s Strategic Decision-Making Process Remains Flawed
The Israeli military is believed to have carried out strikes against a target in Isfahan, central Iran, on April 19. This action was reportedly in retaliation for Iran’s April 13 missile and drone attack against Israel, which itself was in response to Israel’s April 1 targeting of the Iranian Consulate in Damascus, Syria. While these exchanges of attacks and counterattacks have the potential to escalate and engulf the entire Middle East region in conflict, they did not escalate further. Encouraged by the United States, both Israel and Iran exercised restraint and may even glean lessons in prudence from the crisis. However, the Iranian regime should reassess its strategic decision-making process to minimize the risk of dangerous miscalculations.
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Splashy Saudi mega-project NEOM chases Chinese funds
Bigwigs behind a Saudi megacity dogged by questions about its viability have wrapped up a tour courting Chinese investors, detailing plans for a futuristic ski resort and 170-kilometre-long skyscrapers. The roadshow for NEOM, brainchild of de facto ruler Crown Prince Mohammed bin Salman, travelled from Beijing to Shanghai to Hong Kong, where for two days would-be business partners flocked to a chic museum to peruse eye-popping renderings in various stages of development. No major deals were announced, and top project officials did not address recent reports that NEOM's ambitious construction and population targets are being rolled back.
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Cinema ticket prices to go down drastically in Saudi Arabia as Film Commission slashes licensing fees
Cinema ticket prices are expected to go down drastically in Saudi Arabia following the decision of the Film Commission to cut licensing fees for practicing and operating cinemas. The Board of Directors of the Film Commission, chaired by Minister of Culture Prince Badr bin Abdullah, approved the decision to reduce the financial fees for licenses. These include the fees for licenses to practice the activity of operating permanent and temporary cinemas, licenses for cinemas for specialized needs, and licenses for operating permanent and temporary cinemas, and cinemas for specialized needs.
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How Saudi Arabia’s new economic cities can make manufacturing more sustainable
As the world marks International Mother Earth Day on April 22, Saudi Arabia continues its effort to mitigate the effects of climate change, accelerate its transition to green energy, promote sustainability, and protect natural habitats through the Saudi Green Initiative. Launched in 2021, one key SGI target is to reduce carbon emissions by 278 million tonnes per annum by 2030 and to achieve net zero by 2060. The Kingdom hopes to reach this milestone through investments in renewable energy sources like wind and solar.
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Saudi’s PIF and STC agree deal to create region’s largest telecom tower company
Saudi Arabia's sovereign wealth fund PIF has agreed to buy a 51% stake in Telecommunication Towers Company Ltd (TAWAL) from STC Group (7010.SE), opens new tab, paving the way for the creation of the region's largest telecom tower company, PIF and STC said on Monday. Under the agreement, PIF and STC will combine TAWAL and Golden Lattice Investment Company (GLIC) to set up a newly-formed company with around 30,000 mobile tower sites and estimated annual revenues of around $1.3 billion, they said in a joint statement.
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Revenues touch SR3.7 billion in Saudi cinema sector since 2018
The revenues of the cinema sector in Saudi Arabia from April 2018 until March of current year amounted to about SR3.7 billion, while the total tickets sold reached more than 61 million tickets, according to the General Authority for Media Regulation.
These statistics come 6 years after the opening of the first cinemas in Saudi Arabia.Hanaa Al-Omair, president of the Saudi Cinema Society, said that Saudi box office is thriving, and Saudi Arabia is currently the most growing market in the Middle East. -
Egypt says no deal with Saudi Arabia on Ras Gamila resort yet
The Egyptian government denied on Sunday that any foreign investment deal in prime Red Sea coastal land in Ras Gamila has yet been officially approved amid local and regional reports saying otherwise.
The official spokesman for the Ministry of Public Enterprise, Mansour Abdelghany, told state-run Ahram online that “no offer for the development of Ras Gamila would be considered until an international advisory firm is tasked with designing "an optimal investment plan for the zone.”
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Saudi Record Rises to 54 Medals in First Gulf Youth Games
The Saudi badminton team dominated the medals on the second day of the badminton competition, held at the Sheikh Zayed Sports Complex in Fujairah. This took place as part of the first Gulf Youth Games hosted by the UAE. Saudi national team won 7 medals, which are 3 gold, 2 silver and 2 bronze, raising the Saudi record to winning 54 medals which are 25 gold, 17 silver and 12 bronze.
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Fish prices soar 30% in Saudi province amid severe weather
Inclement weather, which recently gripped the eastern part of Saudi Arabia, has sent prices of fish in the region going up by up to 30 per cent, according to fishers and market insiders.Last week, the Eastern Province was lashed by heavy rain prompting authorities there to suspend in-person classes.
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