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Recent stories from sustg

  • 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 […]

     
  • Saudi Arabia’s Power List – 2012
     

    Welcome to the first Arabian Business Saudi Power List – our guide to the kingdom’s most influential movers and shakers. As the rest of the planet, from emerging to traditional markets, teeters on the brink of recession, the mood has never been more positive in Saudi Arabia. A high oil price has swelled the kingdom’s […]

     
  • Regional e-commerce firms set sights on Saudi Arabia
     

    Digital expert Omar Christidis, founder of ArabNet, the hub for Arab digital professionals and entrepreneurs, said that Saudi Arabia is currently the largest digital market in the MENA region – with almost 40 percent of all Arabic tweets, half of Wikipedia’s Arabic content and 35 percent of all Arabic content on the web coming from […]

     
  • For Saudi Football, a Moment in the International Spotlight
     

    Saudi Arabia’s national football team has had its ups and downs in the last decade, thus far struggling to make a name for itself as a contender in a world full of elite national teams. Nevertheless, the ups and downs of the Saudi program are closely followed by Saudis all over the world and has, […]

     

MUST-READS

  • Saudi Coffee: A New Chapter in the History of Arab Coffee

    The country consumes over 80,000 tons of coffee annually, ranking among the top 10 countries worldwide in terms of consumption per capita. The market imports 70,000-90,000 tons of coffee annually, and Saudis spend over 1 billion Rials on coffee annually. By the end of 2021, the kingdom had 400,000 coffee trees in 600 farms, with plans to plant 1.2 million by 2025.

  • Thousands protest as Netanyahu addresses US Congress

    Thousands of people gathered in Washington DC to protest against Israel's Prime Minister Benjamin Netanyahu, who delivered a speech to the US Congress on Wednesday. He said America and Israel "must stand together" and prompted several standing ovations in the chamber as he gave his address. Mr Netanyahu also criticised the demonstrators gathered outside, who he called "Iran's useful idiots". Dozens of lawmakers refused to attend his speech in protest.

  • U.S. Exports to the Arab World Jump By 12 Percent to $65.3 Billion

    According to data released last month by the U.S. Census Bureau, U.S. goods exports to the Arab world jumped 12 percent to $65.3 billion in 2023, marking the first year-on-year increase in U.S. exports to the Middle East and North Africa (MENA) since the COVID era in 2021.

  • Saudi provides food aid to Sudan, Yemen

    The Kingdom’s aid agency KSrelief has continued to provide food to vulnerable families in Sudan and Yemen, the Saudi Press Agency reported on Wednesday. In the River Nile state of Sudan, 1,200 boxes of food were given to 6,900 individuals affected by the ongoing conflict in the country. In the Al-Mansoura district of Yemen’s Aden governorate, KSrelief handed out 413 boxes of food for 2,891 individuals, as a part of its continuing aid project in the war-torn country.

  • Undiscovered Saudi: The ultimate guide to Yanbu

    Yanbu, also known as Yambu or Yenbo, derives its name from the springs that originate in the city. Located in the Madinah Province, it is in close proximity to the Red Sea and is often overlooked for the nearby Jeddah. Yanbu is one of the two main Red Sea hubs for underwater adventures and boasts a history dating back more than 2,000 years – Lawrence of Arabia’s former home, anyone?

  • Under the Abaya: Uncovering Saudi Women’s Individualities

    Under the Abaya focuses on enabling Saudi women to access high-quality education through an innovative business model. The initiative publishes books that provide a rich insight into the life of women in Saudi Arabia, put together by the women of Saudi Arabia. The profits of these books then go on to fund scholarships, as well as female-led charitable causes, for eager Saudi female learners.

  • Saudi Arabia welcomes deal between Yemeni government, Houthis

    Saudi Arabia on Wednesday welcomed a deal between Yemen’s government and the Iran-backed Houthi militia to halt tit-for-tat banking sanctions. The deal was announced on Tuesday by Hans Grundberg, the United Nations’ envoy to Yemen, in a bid to end the warring parties’ battle for control over the country’s financial institutions.

  • Cristiano Ronaldo tops list of highest paid players in Saudi Arabia [See top 10]

    Portugal forward and captain of Al Nassr Cristiano Ronaldo currently tops the list of the highest paid players in the Saudi Pro League. Following his move to Al Nassr in January 2023 after parting ways with Manchester United, Ronaldo has continued to make headlines not just for his on-field performances but also for his staggering earnings.

  • Leonardo expands proximity support services for helicopters in the Kingdom of Saudi Arabia

    One of the largest operators of Leonardo helicopters in the Middle East; Mukamalah Aviation Company has been operating AW139s since 2008 and AW109 light twins since 2006, mainly to perform offshore transport missions in Saudi Arabia to support the oil and gas industry. Today’s Mukamalah Leonardo helicopter fleet consists of 27 units.

  • Turkey returns $5bn Saudi deposit in show of economic confidence

    Turkey’s central bank has handed back to Saudi Arabia a $5bn deposit, underscoring Ankara’s progress in replenishing its foreign currency stores as part of its economic turnaround effort. The deposit agreement Turkey forged with the Saudi Fund for Development in March 2023 was terminated by mutual agreement, the Turkish central bank said on Wednesday. Turkey’s move to unwind the agreement is the latest sign of how President Recep Tayyip Erdoğan’s pivot to more conventional policies following his re-election in May 2023 is steadying the country’s $1tn economy.