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Recent stories from sustg

  • Saudi Crown Prince Nayef dies
     

    Saudi Crown Prince Nayef bin Abdulaziz, a hard-line conservative who is credited with pushing back al Qaeda, has died, Saudi state TV said on Saturday. Nayef, who had been named crown prince in October by his brother the king, was heir to the Saudi throne. State TV is broadcasting Quran readings as an expression of […]

     
  • Five Facts About Saudi Arabian Horses
     

    The 2012 London Olympics have had many controversial headlines in the news about horse sports and Saudi Arabia. With that in mind, many people know about the Arabian horse’s influence in modern Thoroughbreds and equestrian athletics, what about a country these horses originate from? Interestingly, the country of Saudi Arabia is full of horse-related facts […]

     
  • Jadwa Investments May 2012 Inflation Report for Saudi Arabia
     

    Jadwa Investment’s recently released May inflation report for Saudi Arabia found a year-on-year decrease in inflation to 5.1 percent, the lowest since August 2011. Jadwa noted that the decline “was due to a fall in inflation for ‘other expenses and services,’ which stems from lower gold prices.”

     
  • Saudi Arabia remains largest takaful market
     

    The global takaful industry has witnessed tremendous growth in the last decade, rapidly becoming an integral part of the mainstream financial system, with Saudi Arabia at the forefront, Ernst & Young executive said Wednesday at the opening of “The World takaful Conference: Asia Leaders Summit (WTC: ALS 2012)” at Hotel Istana, Kuala Lumpur. South East […]

     
  • Jadwa Chartbook June 2012: Sectoral Performance
     

    Riyadh-based Jadwa Investments recently released its June, 2012 Saudi ‘Chartbook’ which includes updates on the Saudi economy, trade, oil metrics as well as assessments of various sectors including banking, trade, and sectoral performance. Below is a snapshot of Jadwa’s analysis of the performance of Saudi Arabia’s main economic sectors. For the full Jadwa report, click […]

     
  • In Major Shift, Saudi Aramco Dabbles in Oil Trading
     

    Saudi Arabia has long been a dominant force in global oil markets, “but has never been an oil trader.” That changed on January 1st, 2012, when Saudi Aramco began operations at Aramco Trading, a wholly owned company subsidiary. The new Aramco Trading marks an expansion in Aramco’s downstream investment portfolio in the Kingdom and overseas, […]

     
  • Riyadh among lowest risk cities in Mideast
     

    Riyadh is among the lowest risk cities in the region, with a rating that puts it ahead of international business hubs such as Milan, Lisbon, Istanbul and Moscow, according to the findings from the 2012 People Risk Index, created by Aon Hewitt, the global human resources business of Aon plc. The Aon Hewitt 2012 People […]

     
  • Jadwa Chartbook June 2012: Trade
     

    Riyadh-based Jadwa Investments recently released its June, 2012 Saudi ‘Chartbook’ which includes updates on the Saudi economy, trade, oil metrics as well as assessments of various sectors including banking. Below is a snapshot of Jadwa’s analysis of Saudi imports and exports and letters of credit. 

     
  • The Middle East fights the Flame, but virus spreads anyway
     

    Two years ago there was Stuxnet, a virus that targeted Iranian uranium-enrichment infrastructure. Now Flame, a mutating piece of malware, is continuing to spread, infecting more than 1,000 Windows-powered computers across the Middle East. It’s centered on Iran, but has also spread to Israel and Palestine, Saudi Arabia, Syria, and even Sudan. Flame is a huge virus — 20 megabytes […]

     
  • Wider world opened to Saudis studying abroad
     

    Wearing the black face-covering veil favoured by Saudi women, Maha Mazyad looked through leaflets for prospective jobs with some of the Islamic kingdom’s largest companies at a recent career fair in Riyadh. A few years ago she would have worried about the disapproving reaction of friends and parents to the notion of a young woman […]

     

MUST-READS

  • Saudi arrests 146 gov’t workers on corruption charges

    Saudi Arabia’s Oversight and Anti-Corruption Authority (Nazaha) yesterday announced the arrest of 146 suspects from seven ministries including the Interior, Defence, National Guard, Justice and Zakat and Tax who were charged with abuse of power and money laundering.

    In a statement released yesterday, the Authority said it has dealt with several criminal and administrative cases during the past month by conducting 1,657 inspections.

  • Saudi Arabia’s Upcoming National Space Strategy a Blueprint for Growth

    The Saudi space sector generated USD400 million in 2022. That figure is expected to reach USD2.2 billion by 2030. Saudi Arabia’s Vision 2030 strategy, a national blueprint for diversifying and growing the country’s economy, highlights the space sector’s role in growing the economy. The Saudi Space Agency says there is a strong emphasis in the country on space research and innovation for peaceful purposes. There is also an eye on the commercial opportunities, including space tourism.

  • Saudi Venture Capital appoints Nora Alsarhan as deputy CEO

    Riyadh’s state-owned Saudi Venture Capital (SVC), which manages assets worth $2.2 billion, has appointed Nora M Alsarhan, its chief investment officer, as deputy CEO.
    Alsarhan oversees SVC's investments, including funds and direct bets, in line with its objective of supporting growth and innovation in early-stage startups, especially in strategic sectors. Alsarhan, who joined SVC as investment director in June 2019 also sits on the limited partner advisory committees (LPACs) of many SVC portfolio funds.  She was elevated as SVC’s CIO in June 2020.

  • Sullivan to meet MBS to push Saudi side of Israel mega-deal

    With the war in Gaza ongoing and the U.S. presidential election just seven months away, White House officials admit there's a slim chance they can pull off the historic peace agreement. Sullivan's trip shows President Biden is still determined to pursue it.

  • Gaza war helps Iran repair image in region—but for how long?

    Israel’s assault on Gaza has in some ways proven to be a boon for Iran, furthering some of its strategic objectives and boosting its reputation in the region. In Nov. 2023, a report by the Washington Institute for Near Eastern Policy found that an average of 40% of respondents in Egypt, Iraq, Jordan, Lebanon, Palestine, and Syria said Iran’s actions have had a positive impact on the war. In Egypt and Syria, such sentiments were expressed by half of respondents.

  • ‘Israeli’ attack on Damascus consulate sparks calls for action in Iran

    At least seven members of the Islamic Revolutionary Guard Corps (IRGC)—including two commanders—have been killed in a suspected Israeli attack in Syria. Apart from the seniority of the targets, the incident is a major escalation as Iran’s diplomatic premises in Damascus were targeted. Notably, the bombing follows the killing of another IRGC officer in Syria in recent days, marking an uptick in suspected Israeli airstrikes in recent months.

  • Kuwaiti Rap Duo Highlights Rising Popularity in the Gulf

    At a time when Kuwaiti youth are navigating rapid shifts toward globalized economic and social influences, rap duo Kay R and Chunkky Monkky have gained fame as rappers using Kuwaiti lyrics. Kay R’s Arabic roots fused with hip-hop beats laid the groundwork for a pioneering sound that redefined Kuwait’s hip-hop music by expressing the daily experiences of Kuwaiti youth. Kay R has expanded his audience through his Instagram account, which boasts almost 20,000 followers and has helped him connect with fans across different cultures.

  • Saudi foundation launches initiatives to combat food waste

    A raft of initiatives aimed at minimizing food waste has been launched in Saudi Arabia. The Grace Preservation Foundation’s strategic programs were unveiled at a ceremony to coincide with recent International Day of Zero Waste celebrations in Riyadh. The launch event was attended by Saudi Minister of Municipal, Rural Affairs, and Housing Majed Al-Hogail, along with senior officials and board members.

  • Saudi Launches USD83.2 Million Financial Initiative To Bolster Research Laboratories

    The Research Development and Innovation Authority (RDIA) has introduced its inaugural financial initiative totaling $83.2 million, dedicated to bolstering research laboratories throughout Saudi Arabia. This initiative aims to enhance research facilities and laboratories across the Kingdom, aligning with the national research priorities outlined by Crown Prince and Prime Minister Mohammed bin Salman, who also serves as the chairman of the Supreme Committee for Research, Development, and Innovation.

  • Ethiopia to repatriate 70,000 nationals from Saudi Arabia

    Ethiopia will repatriate some 70,000 of its nationals living in Saudi Arabia starting early April. State Minister Birtukan Ayano said the repatriation, the third such programme since 2018, will target “Ethiopians who are in a difficult situation”. During the announcement last week the minister didn't specify whether the returnees have been living in Saudi Arabia legally.