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Recent stories from sustg

  • Saudi banks most profitable in Middle East
     

    Out of the top 50 banks in the Middle East ranked by assets for the period H1 2011, Saudi banks lead the pack “having a good track record of maintaining strong asset quality and adapting adequate lending practices and underwriting standards,” Sheetal Kothari, research analyst, business and financial services practice, Frost & Sullivan, said. The […]

     
  • Beware the Siren Call of Jihad
     

    There’s a full-court press, likely at the instigation of Saudi Arabia’s government, to discourage would-be jihadis from traveling up to Syria. Saudi Gazette/Okaz report that a wide array of authority figures are warning enthusiastic youths of the potential dangers and about how their brothers and cousins fell into traps in Afghanistan, Chechnya, and Iraq. Usefully, […]

     
  • Saudi Arabia breaks onto contemporary art scene
     

    Saudi Arabia is making its mark on the global contemporary art scene: works by Middle Eastern artists such as Talal Al Zeid and Mohammed Farea are available at Lam Art Gallery in Riyadh, the Empty Quarter photography gallery in Dubai was founded by the Saudi photographer Princess Reem Al-Faisal, while Message/Messenger, a 2010 installation incorporating […]

     
  • 42 Amazing Photos of Ramadan 2012
     

    Ramadan, the Islamic month of fasting, will come to a close this weekend with the observation of a festival called Eid al-Fitr. Throughout this ninth month on the Islamic calendar, devout Muslims must abstain from food, drink, and sex from dawn until sunset. The fast, one of the five pillars of Islam, is seen as […]

     
  • For GCC, a Challenge Within Reach: The Gulf Rail Network
     

    Railways have never been the preferred mode of transportation in the Gulf, neither for passengers nor for goods, for geographic reasons and, mostly, due to the affordable prices of fuel for road transportation. But in the next few years, and in order to boost trade, Gulf countries are expected to spend more than $100 billion on rail […]

     
  • As Fasting Ends, the Lessons of Ramadan Linger
     

    Before we began our three-day Eid al-Fitr holiday, marking the end of Ramadan, I came across an article in a Saudi newspaper with a checklist of what makes a successful Ramadan. First on the list: Recognizing that one can change for the better and acquiring patience and strong will. This month my deficiencies have shone […]

     
  • What Islamic Advertising in Saudi Arabia Looks Like
     

    This image of McDonald’s famous Golden Arches — the ne plus ultra of a Western brand — looks jarring in Arabic script. But in the Middle East and parts of Asia, that’s McDonald’s all-American brand.

     
  • Saudis Back Syria Rebels, Mindful of Past
     

    Overcome by the suffering of civilians in warring Syria, a professor in Saudi Arabia’s capital strips off his watch on live television to give as aid. A Saudi bride on her wedding night offers up her entire dowry of $13,000. Parents bring their children to donation centers set up around the Saudi kingdom, watching proudly […]

     
  • Saudi: strongest passenger growth in a decade as market expands
     

    After several years of sagging performance, Saudi Arabia’s aviation market reported its strongest growth in passenger traffic in more than a decade in 2011, even against the background of the Middle East’s regional social unrest. Despite the Arab Spring uprisings in North Africa and some of the Gulf states, Saudi Arabian passenger traffic boomed in […]

     
  • Top 10 salaries in Saudi Arabia
     

    Banking is one of the only sectors in Saudi Arabia to see a dip in compensation in 2012 Salary Survey. Construction project managers now earn the highest monthly salary.

     

MUST-READS

  • Unveiling “The Clean Hydrogen Economy and Saudi Arabia”: A Roadmap to Energy Leadership

    Faculty and researchers from King Abdullah University of Science and Technology (KAUST) and King Abdullah Petroleum Studies & Research Center (KAPSARC) have unveiled a new publication: "The Clean Hydrogen Economy and Saudi Arabia." With a foreword by KAPSARC President Fahad Alajlan and KAUST President Tony Chan and co-edited by KAUST research scientist Dr Saumitra Saxena, this book charts new energy discourse, offering a comprehensive analysis of the emerging global hydrogen economy through the lens of one of the world's foremost energy providers, Saudi Arabia.

  • Surf’s up in the Saudi desert: Huge water park joins Qiddiya giga-project

    Aquarabia is part of the larger Qiddiya giga-project near the country's capital Riyadh, which is being headed by the Bjarke Ingels Group. We've no word on the water park's exact size, but from the renders at least, this thing looks huge, and is described as the largest of its kind in the region.

  • Awakening the sleeping giant: How Saudi Arabia plans to attract more foreign tourists

    Saudi Arabia plans to become a travel hot spot, ploughing $800 billion in tourism investments to develop the sector and setting a revised target of attracting 150 million visitors by the end of the decade. But a key part of that effort is luring international travellers to explore the lesser-discovered country.

  • Hezbollah introduces new weapons and tactics against Israel as war in Gaza drags on

    Hezbollah has regularly fired missiles across the border with Israel over the past seven months, but the one on Thursday appears to have been the first successful missile airstrike it has launched from within Israeli airspace. The group has stepped up its attacks on Israel in recent weeks, particularly since the Israeli incursion into the southern city of Rafah in the Gaza Strip. It has struck deeper inside Israel and introduced new and more advanced weaponry.

  • Ranked: The World’s 50 Largest Private Equity Firms

    In 2023, private equity firms controlled $8.2 trillion in assets globally according to McKinsey & Company, a figure that has rapidly expanded since the industry first emerged 40 years ago. As large investors such as pension funds and insurance companies increasingly look to private markets, these alternative asset managers have seen their assets grow by more than twofold in the last five years.

  • This 256 km highway in Saudi Arabia is world’s longest road without a bend

    Saudi Arabia's Highway 10 has emerged as the world's longest straight road, surpassing Australia's Eyre Highway, according to the Guinness World Records. This achievement marks a significant milestone in transportation infrastructure, offering travellers an unparalleled journey across vast distances with unobstructed views. This 256-kilometre (159-mile) asphalt stretch cuts through the vast Rub Al-Khali desert, also known as the Empty Quarter, the largest sand desert in the world, without any bends left or right, or any appreciable gradient up or down.

  • Saudi experts on urban heritage give lectures in Paris

    Experts on urban heritage from Saudi Arabia are giving a series of lectures on the topic at the UN Educational, Scientific and Cultural Organization offices in Paris. Organized by the Saudi Heritage Commission, the program of four lectures explores some of the initiatives developed by the organization and the wider strategies on urban heritage in the Kingdom, the Saudi Press Agency reported. The first lecture delved into material and intangible methods for preserving urban heritage, while the second looked at the development of traditional architecture in Al-Ahsa.

  • Commentary: Religious tolerance is at the core of the Gulf’s strategic thinking

    It has become fashionable for many modern secularists to demonise religion as being a major barrier to peace. When they learn someone is devout, it often wrongly conjures up images of extreme confessional intolerance, such as the Spanish Inquisition torturing suspected heretics based on flimsy evidence. It is perhaps not a surprise, then, that the significant role religion plays in daily life in Gulf countries – including the political and legal systems – occasionally draws antipathy and hysterically negative media coverage in the West.

  • U.S. military completes temporary pier off Gaza; deliveries to start within days

    The U.S. Army has completed a temporary pier on a Gazan beach; trucks should begin hauling away the first 500 tons of aid for civilians within days, with thousands more tons in the pipeline, Pentagon officials said Thursday.

  • San Remo: The Middle East’s Most Important Treaty You Never Heard Of

    A year and half after the end of World War I, the victorious Allied Powers convened at a villa in northern Italy to decide the fate of the defeated Ottoman Empire and redraw the map of the Middle East, which had been part of that empire. The result of this conference was The Treaty of San Remo which was signed on April 24, 1920.