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Recent stories from sustg

  • Saudi Aramco showcases advanced technology at OTC
     

    The Offshore Technology Conference in Houston is a major event that brings together energy companies from around the world. OTC is billed by organizers as “the world’s foremost event for the development of offshore resources in the fields of drilling, exploration, production, and environmental protection.” OTC was founded in 1969 and is held annually at the […]

     
  • A Kingdom’s Thirst: The Saudi Water Challenge
     

    It’s no secret that Saudi Arabia is a dry place in a particularly arid region of the world. The dearth of water resources in the Kingdom is among its foremost challenges, with some estimates predicting full depletion by 2050 if nothing is done.

     
  • The Saudis on the ‘Arabian Business’ Power 500 List
     

    The ArabianBusiness.com ‘World’s 500 Most Influential Arabs’ list for 2013 was released this week with the revelation that Saudi Arabia’s Prince Alwaleed bin Talal had topped the list for the 9th consecutive year. Although an impressive feat, there are 31 other Saudis on the list doing some amazing things in business, culture, the media and […]

     
  • 17-day long Janadriyah festival for Saudi Heritage and Culture to begin April 3
     

    The 28th National Festival for Heritage and Culture at Al-Janadriyah showcasing the cultures and traditions of Saudi Arabia will open Wednesday, April 3, the Saudi Gazette reports. The festival is a display of Saudi culture and tradition. China is a guest country at the celebration, and will have a pavilion that is 2.000 sq. meters “at the […]

     
  • Twitter Use Booms in Saudi Arabia: Infographic
     

    Bit.ly, a link-tracking service company, published a comprehensive look at global social media use, which found that Saudi Arabia is rapidly embracing Twitter. “In this country, most of the social sharing happens on facebook and twitter, but what about in the rest of the world?” bit.ly asks on its company blog. The findings detail the number of […]

     
  • Out There
     

    Pat Ryan and his team at our sister site SUSRIS (say that fast five times) not only produce timely analysis and feature unparalleled current and historical resources pertaining to the Arabia and the larger Middle East they also find cool stuff like this.

     
  • Unusual Video Footage Shows Saudi Arabia’s Grand Mosque Under Construction
     

    Amazing footage of the ongoing construction at Mecca’s Grand Mosque surfaced on Facebook, showing the large-scale reconstructive efforts at the holy site in Saudi Arabia. The video, shot from what looks like a crane, shows worshippers circling the Kaaba with construction efforts ongoing at the mataf expansion not far away. The amateur footage shows the […]

     
  • We’re here, can we come in? TASI and foreign investors
     

    The figurative lobby to the Tadawul All Shares Index (TASI), Saudi Arabia’s stock market, is filling up with eager investors.  Intrigued by the $387 billion Saudi stock market (three times the UAE bourses combined) and the $727 billion Saudi economy, many of them think… Brazil; whose fully accessible stock market’s capitalization exceeds $1 trillion. While […]

     
  • First of 84 new Boeing F-15SAs bound for Saudi Arabia Tested as U.S.-Saudi Military Relations Remain Active
     

    UPI.com reports that the first new Boeing F-15SA completed a successful test flight last month in the United States. The report quotes Lt. Gen. C. D. Moore II, the commander of the Air Force Life Cycle Management Center, who said, “The successful first flight of the F-15SA is a tremendous milestone for the program and […]

     
  • The Stunning Photos of Sultan Al-Ghamdi
     

    Elephant Rock, Devil’s Head Mountains, Desert Waves… These are some of the evocative names given to his Saudi landscape photos by Sultan Al-Ghamdi.  Qusay Fayoumi describes him as ‘talented and hardworking.’ Take a look for yourself at Sultan’s Flickr page by clicking here. Below are three of the featured photos, but be sure to check […]

     

MUST-READS

  • Saudi FM discusses Gaza, West Bank with Palestinian PM

    Saudi Foreign Minister Prince Faisal bin Farhan on Thursday spoke to Palestinian Prime Minister and Minister of Foreign Affairs Mohammed Mustafa by telephone, the Kingdom’s Foreign Ministry said.

    They discussed developments in the West Bank, Gaza Strip and its surrounding areas.

  • Saudi Arabia plans Aramco share sale as soon as June, sources say

    Saudi Arabia is planning a multi-billion-dollar share sale in energy giant Aramco (2222.SE), opens new tab as soon as June in what would be one of the region's biggest stock deals, two people familiar with the matter said.
    The offering could raise around $10 billion, one of the people said. The preparations are ongoing and the details could still change, the sources said, who were speaking on condition of anonymity because the matter is private.

  • Mega projects in Saudi Arabia attract strong interest from investors: Al Khateeb

    Major projects in Saudi Arabia receive strong interest from private-sector operators, financiers, and investors locally, regionally, and globally, Ahmed Al Khateeb, Minister of Tourism, told Al Arabiya TV.   The private sector participation is important to support development in all fields, particularly in the tourism sector. The sector is witnessing substantial growth, especially in major projects such as Al Soudah, Diriyah, Qiddiya, NEOM, among others.

  • China, the US, and the battle for Middle Eastern technology

    China's engagement with the Middle East is intimately intertwined with its broader global competition with the United States, which is increasingly evolving into a profound struggle for supremacy among great powers. Technological innovation has become a flashpoint in this struggle, and the rivalry has driven mutual incremental measures aimed at advancing what is commonly referred to as "technological decoupling" — a process of reducing asymmetrical dependencies and, in certain instances, disentangling the technological and cyber domains altogether.

  • China planemaker COMAC eyes Saudi Arabia for global expansion

    Chinese planemaker COMAC is eyeing Saudi Arabia as a launch pad for its international ambitions, as the state-owned company steps up efforts to sell overseas and break into a passenger jet market dominated by Western manufacturers.
    Chairman Dongfeng He visited Saudi Arabia for the first time this week, having welcomed a Saudi delegation to the company's Shanghai facilities in February, amid warming ties between the two major economies.

  • Saudi Arabia’s best international Islamic bank: HSBC Saudi Arabia

    The bank topped the league tables on sukuk issuances by value, with a 19.5% share of the market. It extended a total of $11.85 billion in financing in 2023.

  • Believe it or not: Even in Saudi Arabia, renewable power is cheaper than fossil fuels

    Saudi Arabia signed deals to buy electricity from two large-scale wind farms that are cheaper than natural gas plants, as it aims to rapidly transition to a bigger share of renewables in the power grid.

  • Mastercard Women’s Leadership Network Expands into Saudi Arabia, Empowering Women in Finance

    As part of its commitment to connecting and powering an inclusive, digital economy that benefits everyone, everywhere, Mastercard is pleased to announce the launch of a new Women’s Leadership Network (WLN) chapter in Saudi Arabia and extension of its Accelerator Program in EEMEA in partnership with Women Choice to Saudi Arabia.

  • Saudi Arabia restricts visit visa holders from entering Makkah during Hajj season

    The Saudi Ministry of Interior has announced entry restrictions to Makkah for holders of all types of visit visas from May 23 to June 21, 2024, coinciding with the upcoming Hajj season. The ministry clarified that visit visas do not include authorization to perform Hajj. Visitors currently in Saudi Arabia on visit visas are advised to refrain from traveling to Makkah during this period to avoid penalties under the Kingdom’s regulations. These measures are part of the security and organizational preparations aimed at ensuring the safety and security of authorized pilgrims and allowing them to perform their religious rituals without disruption.

  • U.S. concerned about Israel threat to collapse Palestinian economy

    Even as it urges greater Israeli restraint in Gaza and the reopening of the Rafah border crossing for humanitarian aid, the United States is expressing growing concern about the potential economic collapse of the Palestinian Authority and the instability that would cause in the West Bank and ultimately Israel, amid threats by an ultra-nationalist Israeli minister to cut off Palestinian banks from the Israeli financial system.