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Recent stories from sustg

  • Saudi Is World’s Largest Market For Islamic Assets
     

    Saudi Arabia is emerging as the largest market for Islamic assets, according to a new report by Ernst & Young. According to the report, Saudi Arabia, with an estimated $207 billion of Islamic assets in 2011, was ranked first in the world. Malaysia was ranked second with total assets of $106 billion and UAE ranked […]

     
  • Riyadh at Night
     

    The population of Riyadh, the capital city of Saudi Arabia, has risen dramatically in the last half century—from 150,000 in 1960 to 5.4 million in 2012. The city appears as a brightly colored patchwork in this nighttime astronaut photograph. The brightest lights, apart from those on the old Riyadh Airbase, follow the commercial districts along […]

     
  • Saudi firms top TRENDS CEO 2012 List
     

    There have been several media reports in 2012 by regional and international media, including TRENDS, commenting on the immense growth seen by the Saudi retail and construction sectors. New entries and a rise through the top CEO ranks of Saudi cement companies is a testament to the vibrancy of the property and construction sectors in […]

     
  • Saudi Arabia, UAE set for clean energy revolutions
     

    Despite their vast oil reserves, Saudi Arabia and the UAE are poised for “green revolutions” set to transform the Gulf’s energy landscape. The two states have made major strides recently in using clean renewable energies. In the middle of oil-rich Abu Dhabi, a sandy stretch near the emirate’s airport is a field of solar panels […]

     
  • Jadwa Investment – December 2012 Saudi Chartbook
     

    Jadwa Investment’s Saudi Chartbook for the month of December 2012 assesses a number of key aspects of the Saudi economy including the real economy, bank lending, banking indicators, inflation, trade, oil, exchange rates, the TASI (Saudi Stock Market), sectoral performance, and more. A summary of the report is provided for your consideration below, and the […]

     
  • AME Info’s series on doing business in Saudi Arabia: a guide to the guide
     

    AMEinfo, based in Dubai’s Media City, is a well-known provider of business news and information covering the Gulf and larger Middle East.  Founded in 1993 it was acquired by London-based Emap Communications in July 2006.  Emap also owns MEED. The AME info site now claims over two million readers monthly.

     
  • The emergence of Google
     

    Saudi Arabia is one of the biggest Internet markets not only regionally but also globally. There are 190 million video views on YouTube in Saudi per day. That’s the highest number of YouTube views in the world per Internet user. The average user in Saudi watches three times as many videos a day compared to […]

     
  • Saudi Arabia All Atwitter
     

    Twitter and YouTube have become so relevant to the public discourse in Saudi Arabia that there is now a bi-weekly YouTube show solely dedicated to what Saudi users of Twitter are talking about. The new show is simply called “What Happened in Twitter” and the first episode was published today.

     
  • Saudi non-oil sector to expand 6% in 2013
     

    Saudi Arabia shows some tightness in the local financial system, reflecting a scarcity of corporate deposits, but this appears to be abating and might in any case reflect strong investment growth in the non-oil economy. Local firms continue to report strong growth in new orders, with exchange rate movements helping make non-oil exports more competitive. […]

     
  • Saudi reforms detour through Vienna faith centre
     

    Although launched by Riyadh and named the King Abdullah International Centre for Interfaith and Intercultural Dialogue (KAICIID), bin Muaammar stressed it is not a Saudi entity. “This is an international institution,” he said. “About 70 percent of the world’s religions are on its board. The centre will be a neutral place to exchange ideas.” In […]

     

MUST-READS

  • Saudi Arabia’s real estate deals hit 1.03M in Q1 2023

    The number of real estate transactions stood at 1.03 million in the first quarter of 2023, the Saudi Justice Ministry's data showed. According to the ministry's data, the real estate transactions included registrations, compensations, amendments to old deeds, and updating manual deeds, in addition to merging properties, deeds, grants, and mortgages. Riyadh topped the list with around 934,700 transactions, followed by Makkah with around 34,800 transactions

  • Saudi Aramco Suspends Two Oil Contractors

    Aramco earlier this year said it had scrapped plans to expand production capacity to 13 million barrels daily. The company said in January that the state had ordered it to stop work on the capacity expansion and keep the maximum sustainable capacity at 12 million bpd.

  • Grid Bottlenecks on the Way in Europe?

    A new analysis by the energy think tank Ember has found that several countries in Europe could soon face bottlenecks in their national transmission energy grids, as more solar and wind power will be generated than these networks have capacity for. As the following chart shows, Spain, France and Poland are just some of the countries that will have energy grids which undershoot their country’s respective 2030 policy targets for wind and solar capacity. Out of the 26 countries studied by Ember in this comparison, 11 will not have enough capacity for the expected wind and solar build out if the present grid plans are realized.

  • Saudi Industrial Production Index drops 7.7% in February

    Saudi Arabia’s Industrial Production Index (IPI) declined by 7.7% year-on-year (YoY) in February 2024. Data issued by the General Authority for Statistics (GASTAT) showed that Saudi IPI fell to 103.44 points in February 2024, according to the base year 2021, compared to 112.09 points in February 2023. The index was directly affected by the decline in the mining, quarrying, and manufacturing activities, the authority said. The IPI measures the relative change and reflects the production quantities of materials and goods, which have been converted from raw materials to consumables in their final form as goods, for the purpose of achieving a return.

  • Iranian top diplomat due in US amid fears of Iran-Israel war

    Amid expectations of retaliation for Israel’s suspected killing of senior Iranian military figures in Syria, Tehran’s top diplomat is set to travel to New York next week, Amwaj.media has learned. Informed sources say Foreign Minister Hossein Amir-Abdollahian plans to attend a UN Security Council meeting on Palestine, likely to be held on Apr. 18. While the US State Department has declined to comment on the visit, Iranian sources have alleged that entry visas have been issued for Amir-Abdollahian and his entourage.

  • Ramadhan TV dramas test cultural limits in Iraq, Kuwait

    The arrival of Ramadhan has been accompanied by controversy in Iraq and Kuwait. The Islamic lunar month is famous for bringing with it new TV shows. This time, contention in the two countries is revolving around dramas accused of misrepresenting society, stoking sectarian tensions, and insulting religious figures. The recurrence of such debates in recent years has prompted questions over just how open TV shows in the region can be given deeply entrenched cultural and religious norms.

  • Operation Aspides: The European Union’s Response to the Red Sea Crisis

    On February 19, the European Union launched a new maritime security operation, EU Naval Force Operation Aspides, in response to escalating Houthi attacks on Western warships and merchant vessels in the Red Sea basin and northwestern Indian Ocean. The name Aspides, which means “shields” in Greek, denotes the operation’s underlying defensive nature. The EU naval mission, carried out under its Common Security and Defense Policy, underscores how ensuring maritime security and maintaining the stability of global supply chains are front and center in the EU’s defense and trade strategic calculus.

  • EV Ownership Ticks Up, but Fewer Nonowners Want to Buy One

    Seven percent of Americans, up from 4% a year ago, report that they own an electric vehicle. That increase is matched by an equal decline in the percentage saying they are seriously considering buying one, from 12% to 9%. Meanwhile, fewer Americans -- 35%, down from 43% in 2023 -- say they might consider buying an EV in the future. Thus, even as some people have moved ahead with their intent to buy an EV in the past year, public demand for the cars has contracted.

  • Turkey restricts exports of 54 products to Israel until Gaza cease-fire

    As Israel pledged to retaliate, analysts believe the move is aiming to allay growing dismay among Turkey's Islamists for the government’s refusal to sever trade ties with the Middle Eastern country over the Gaza conflict. Read more: https://www.al-monitor.com/originals/2024/04/turkey-restricts-exports-54-products-israel-until-gaza-cease-fire#ixzz8WuE3JpMi

  • Doing the work: MBS’ true legacy

    Given our clickbait, short-attention-span media reality, we can’t really be surprised that Saudi Arabia’s splashy external investments and massive ‘giga’ projects are the glitter that catches the eye of the inattentive. In fact, while the Kingdom’s high-profile investments and massive construction projects actually do serve a purpose, the truly meaningful change that should matter to Americans and its elected officials is happening elsewhere.