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Jadwa Investment May 2015 Chartbook: SAMA Reserves Fall on Government Spending, Consumer Data Healthy
- May 4,2015
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- SUSTG Team
Jadwa Investment’s recently released May 2015 Chartbook found a decline in Saudi Arabian government reserves for a 6th straight month and overall healthy consumer consumption data. In March, net government accounts with SAMA fell by a total of $9.5 billion (SR 35.7 billion), continuing a negative monthly change for the sixth consecutive month, the Riyadh-based investment […]
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Lockheed, Arabsat/KACST in Satellite Deal to Boost Media in Saudi Arabia and Middle East
- April 28,2015
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- SUSTG Team
Arabsat and King Abdulaziz City for Science and Technology (KACST) announced in a press release today contracts for Lockheed Martin to manufacture two A2100 communications satellites, in a bid to provide TV, internet, telephone and secure communications to customers in the Middle East. “The two satellites ordered by Arabsat will strengthen the Arabsat fleet to […]
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Why California Can Learn from Saudi Arabia’s Water Challenges
- April 23,2015
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- SUSTG Team
California has serious water challenges as Governor Jerry Brown issued a mandatory restriction on usage for the first time. Writing on revealnews.com in an excellent in-depth examination between the two countries, Nathan Halverson notes that Saudi Arabia’s challenges with water present lessons for the largest state in the U.S. Halverson dives into the history of […]
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Strategic Pivot in Yemen Campaign as Saudi Announces Halt in Airstrikes
- April 22,2015
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- SUSTG Team
Saudi Arabia has announced a phase shift in its 27-day long airstrike campaign on Houthi positions in Yemen “at the request of Yemen’s President Hadi, the official SPA, SUSRIS and other outlets are reporting. But not long after the announcement, reports indicate that the battle continues on in Yemen. Saudi airstrikes continued following a rebel […]
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Saudi Arabia’s Stock Market: Opening Up the Tadawul to Qualified Foreign Investment
- April 20,2015
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- SUSTG Team
Last week the Capital Markets Authority (CMA) confirmed that the Saudi Arabia will open up the region’s largest, diverse and most mature capital market, the Tadawul, to qualified foreign institutional investors (QFIs) by June 15th, 2015. With a market capitalization at $528bn, investors are queueing up and appear “ready to accept the political and financial risks as they […]
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Saudi Arabia’s Stock Market to Open to Foreign Investment June 15th
- April 16,2015
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- SUSTG Team
Saudi Arabia will open its stock market to wider foreign investment on June 15th, 2015, according to a breaking news story in Reuters. A report yesterday in Bloomberg found that Saudi Arabia’s Capital Market Authority had not provided clarity about how new rules permitting foreign investment in the Tadawul will square with existing rules preventing foreign access. “Final […]
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Saudi Arabia Overhauls Labor Laws, May Allow ‘Proven Businessmen’ to Visit Kingdom Without Sponsorship
- April 7,2015
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- SUSTG Team
Saudi Arabia’s Labor Minister Adel Al-Fakeih has introduced 38 amendments to the country’s labor legislation that includes more training for Saudi workers, longer fixed-term contracts, and greater inspection powers for ministry officials, according to reports. The announcement by Fakeih coincides with news that Saudi Arabia’s Shoura Council has urged a relaxation of visa restrictions on […]
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Saudi Arabia’s Brig. Gen. Ahmad Asseri Puts Daily Face on Saudi Strikes into Yemen
- April 6,2015
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- SUSTG Team
As Saudi Arabia’s airstrikes into Yemen extend into a third week, the government’s daily face of the campaign is Brig. Gen. Ahmad Asseri, who gives a daily press briefing featuring photos, videos and other images highlighting the Saudi strikes into Yemen. These photos and videos have been released and disseminated to Saudi media and are circulated […]
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Photos: Saudi Arabia’s Military Displays ‘Swagger’ as Yemen Conflict Heats Up
- April 1,2015
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- SUSTG Team
Saudi Arabia’s Press Agency (SPA) has featured a number of photos in recent weeks highlighting the advanced capability of the Kingdom’s armed forces, including stills and videos from airstrikes conducted in neighboring Yemen. The SPA and other Saudi media outlets have been touting Saudi Arabia’s military prowess as the conflict against Houthi rebels in Yemen […]
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Fears of an ‘All Out War’ Grow in Neighboring Yemen as Rival Factions Look to Iran and Saudi Arabia for Help
- March 24,2015
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- SUSTG Team
Tensions are escalating in Yemen as Iranian-backed Houthi militias and forces loyal to ousted President Abd-Rabbu Mansour Hadi, backed by Saudi Arabia, are “squaring off for battle after months of skirmishes,” Reuters reports. “With President Abd-Rabbu Mansour Hadi seeking a comeback from the port city of Aden while the Shi’ite Houthi movement controls the capital Sanaa, […]
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MUST-READS
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Saudi Arabia executes 213 people in less than 10 months, setting new record
Saudi Arabia has executed 213 people so far in 2024, more than it has in any other calendar year on record, as the kingdom competes for a seat at the UN Human Rights Council (HRC). According to the London-based rights group Reprieve, which documents the death penalty worldwide, the largest recorded figure prior to this year was 196 in 2022, followed by 184 in 2019.
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Saudi king Salman recovers after undergoing medical tests, royal court says
Saudi Arabia's King Salman has recovered after successfully completing medical tests for lung inflammation on Wednesday, the state news agency (SPA) said, citing the royal court. The royal court said on Sunday the 88-year-old monarch would undergo medical tests for a lung inflammation. The king of the world's biggest oil exporter and a major U.S. ally in the Middle East had received medical care for lung inflammation in May as well.
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Abu Dhabi’s ports are driving the UAE’s post-oil transformation: Video
The expansion of ports in the UAE’s capital aims to boost logistics and tourism across the country.
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The UAE’s technology ambitions
In 2017, the United Arab Emirates (UAE) released a national strategy for artificial intelligence (AI) that declared its goal of becoming ‘the world leader in AI by 2031’. Since then, the government has invested billions of dollars and transformed the country into a centre for technological innovation and foreign investment, the latter notably coming from China and the United States.
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Archaeologists discuss latest findings from Al-Faw, Saudi Arabia’s newest World Heritage Site
The event, organized by the Saudi Heritage Commission, follows the addition in July of Al-Faw to UNESCO’s list of World Heritage Sites. It is the eighth location in the Kingdom to achieve this recognition. Ajab Al-Otaibi, director of the commission’s Archaeological Documentation and Research department talked about the ways in which recent discoveries have changed our understanding of ancient civilizations in the region. “The most recent excavations have revealed a complex network of trade routes and cultural exchanges that connected Al-Faw with other kingdoms in the Arabian Peninsula and beyond,” he said.
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Saudi embassy in US issues advisory to citizens on Hurricane Milton
The Kingdom’s embassy in the US issued an emergency advisory to Saudis in Florida and neighboring states as Hurricane Milton restrengthened to a Category 5 as it barreled toward the state on Tuesday. The embassy asked Saudis to follow guidelines by state authorities in Florida, Georgia and the Carolinas.
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Saudi Arabia’s Heritage Commission vows to protect archeological sites against violators
Saudi Arabia’s Heritage Commission stressed that it will stand firmly against people who tamper with archeological sites, taking legal measures against them and preventing any transgressions that pose a threat to the safety of the Kingdom’s heritage. In the past week, the commission observed several violations of the antiquities and urban heritage regulations in Al-Wajh governorate in the Tabuk region and referred 23 expatriates to the relevant authorities.
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Saudi Red Sea Authority set to attract 19 million tourists to Red Sea coast by 2030
The Saudi Red Sea Authority (SRSA) aims to develop a thriving coastal tourism sector in the Red Sea, contributing approximately SR85 billion to the GDP by 2030. This would capture 30 percent of the Kingdom’s leisure tourism and 40 percent of total entertainment spending, attracting 19 million tourists, and generating more than 210,000 jobs.
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Iran’s FM to visit Saudi Arabia amid hardliner backlash over Arab response to Gaza
Last Friday, for the first time in five years, reinforcing a message he has focused on recently: the unity of Muslim countries against the presence of the US and other Western powers in the region. Khamenei called for solidarity, stating, “We have to tighten the belt of defense... from Afghanistan to Yemen, Iran to Gaza and Lebanon, in all Islamic countries. That’s the first issue I wanted to discuss.”
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Saudi Arabia tops Arab cement producers, ranks 10th globally: Alkhorayef
Saudi Arabia ranks first in the Arab world and tenth globally in cement production, with an annual output capacity exceeding 80 million tons from 20 domestic factories, according to Minister of Industry and Mineral Resources Bandar Alkhorayef, as reported by the Saudi Press Agency (SPA).
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