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Recent stories from sustg
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Gulf States Move to Diversify Income Sources
Saudi Arabia, the world’s biggest oil exporter, has identified mining as a key investment area after oil and petrochemicals, and is spending an estimated $38 billion to develop two cities centered around mining…“The idea is to try and improve the range of benefits and advantages of doing business in the G.C.C. and in Saudi Arabia, […]
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Moving forward with nationalisation in Saudi Arabia
“Nitaqat represents an effort to introduce more incentives for companies to employ Saudis and in that sense it is an improvement on what went before,” says James Reeve, an economist at the local Samba Financial Group. “The reason you are hearing more complaints is probably because the system is being enforced with greater vigour.” Despite […]
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More than half of GCC population under age 25
The countries of the Gulf Cooperation Council (GCC) have a low population compared with other regions, totaling 45 million people in 2011, less than 1 percent of the global population, a recently published report read. The report, filed by Kuwait Financial Center (Markaz), highlighting the GCC demographic shift, said the region is young, with 54 […]
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Saudi public sector’s bank credit rebounds
Bank lending in Saudi Arabia is continuing at a generally brisk pace, the National Commercial Bank said in its “GCC Financial Market Quarterly” released Monday.The report said liquidity conditions supporting this credit expansion remain very benign. However, the growing economic confidence has begun to hit deposit growth somewhat and the annual pace of expansion decelerated […]
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Jadwa Investment’s Saud June 2012 Inflation Report
Jadwa Investment’s recently released June inflation report found year-on-year inflation for Saudi Arabia eased again in June, slipping to 4.9 percent from 5.1 percent in May, the first time it has been below 5 percent since August 2011. The Riyadh-based investment firm also found lower rental inflation caused most of the fall. Jadwa’s report is […]
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Saudi Arabia Ghazal Defies Camels as SUV for Desert Market
Saudi Arabia is venturing into a territory normally reserved for automakers. The kingdom is developing the Ghazal, a sport-utility vehicle for the hazards of the desert, to diversify its economy beyond oil. The SUV, built by King Saud University in Riyadh, is an all-wheel drive vehicle with a rugged carbon-fiber frame aimed at taking on […]
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Sarah Attar Is a Saudi Trailblazer, By Way of the U.S.
One of the first women to compete for Saudi Arabia at the Olympics was born and raised in California. The athletes are Wodjan Ali Seraj Abdulrahim Shahrkhani, who competes in judo, and Sarah Attar, a 19-year-old junior at Pepperdine University and a graduate of Escondido High School in California. Attar, who trains in San Diego, […]
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Living Social
In their pursuit to be where the young consumers are, brands have long identified social media as a crucial place to establish a presence. Where else will you find huge numbers of youngsters highly active and engaged? Results from market research company TNS indicate that 68 percent of MENA youth spend 12 hours per week […]
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Saudi Arabia to Send Olympic Women Athletes for First Time
Saudi Arabia will send female athletes to the Olympic Games for the first time, the International Olympic Committee said, ending a ban by the kingdom where women aren’t allowed to drive. Wodjan Ali Seraj Abdulrahim Shahrkhani will compete in judo at the London Games and Sarah Attar will run the 800 meters. The athletes, who […]
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Saudi Arabia Weighs Annual Budget to Boost Clean Energy
An annual budget for renewables would differ from the feed- in tariffs that Germany, Spain, Italy, France and Britain offered to spur solar and wind power in their nations. Germany was first to introduce the feed-in tariff in 2004 and became the world’s biggest market for solar because of the subsidy, which is paid for […]
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MUST-READS
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Front Row Snaps Up World Rights For Saudi-Emirati Family Comedy ‘Al Eid Eiden’
MENA distributor Front Row Filmed Entertainment has acquired global distribution rights for Image Nation Abu Dhabi’s Saudi-Emirati family comedy Al Eid Eiden.
The film features Saudi star Fahad Al-Butairi (Telfaz11’ Al-Khallat+, The Office, From A to B) alongside actress Emirati Meerra Al Midfa (The Monster) and Egyptian actor Shadi Alfons (Malek Al Halba, Ramy).
It follows a Saudi-Emirati family as they make the final preparations for a Eid getaway in Abu Dhabi. An unexpected turn of events on their day of travel changes things drastically for the parents, but not wanting to disappoint their three young children, they decide to go ahead as planned.
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How are Ronaldo and other Saudi Pro League stars shaping up for Euros?
England kick off Euro 2024 against Serbia on 16 June and if Jordan Henderson is called up then the former Al-Ettifaq midfielder should be able to give Gareth Southgate an idea of the form Aleksandar Mitrovic and Sergej Milinkovic-Savic are in. They are two of a growing number of European internationals who will be acting as unofficial ambassadors for the Saudi Pro League (SPL) this summer – especially if they underperform.
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Saudi Arabia opens up to Iraq’s Shiite shrines
Indicating a changing approach to Iraq, Saudi Ambassador to Baghdad Abdulaziz Al-Shammari has paid a highly publicized visit to a major Shiite shrine in the city of Karbala. The ambassador was welcomed by Karbala Governor Nassif Al-Khattabi in addition to other civil and religious dignitaries, hailing a mutual desire for “economic and political integration in all fields.”
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Successful Completion of the First Saudi SolarThon at Alfaisal University
This past weekend, Alfaisal University, Dimensions Startup Studios in collaboration with the College of Engineering, proudly hosted the first-ever Saudi SolarThon, an extraordinary gathering of minds focused on advancing solar energy technology. This event, held at our Dimensions Startup Studios, attracted esteemed guest speakers from King Abdullah University of Science and Technology (KAUST) and the King Abdulaziz City for Science and Technology (KACST) and OptimalPV.
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Will Saudi Arabia’s sports investment trigger an athleisure boom?
By 2030, the government aims to increase the ratio of individuals exercising at least once a week to 40 percent. With an expanding base of sports practitioners, the country’s sportswear and athleisure apparel market is set to boom. In 2022, the category generated $1.3 billion (SAR 4.9 billion) in sales, and by 2027, it is expected to reach $1.5 billion. Could Saudi Arabia be the next frontier for sportswear?
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Continued Fighting in Gaza and Ongoing Peace Talks
The Israel Defense Forces (IDF) are continuing to push further into Rafah, where Israeli Prime Minister Benjamin Netanyahu has declared his intention to eliminate four Hamas battalions operating from the area. Israel reports that in parts of eastern Rafah, its troops have been dismantling tunnel shafts and rocket launchers belonging to Hamas.
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Secret Hamas Files Show How It Spied on Everyday Palestinians
The Hamas leader Yahya Sinwar has for years overseen a secret police force in Gaza that conducted surveillance on everyday Palestinians and built files on young people, journalists and those who questioned the government, according to intelligence officials and a trove of internal documents reviewed by The New York Times.
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The A.I. Kingdom Rises: Inside Saudi Arabia’s Ambitious Journey to Reshape the Global Tech Landscape
Mohammed Bin Salman Nonprofit City is a testament to Saudi Arabia's commitment to diversifying its economy and becoming a global leader in artificial intelligence and innovation. By investing in cutting-edge facilities, fostering partnerships, and empowering the youth, the city is poised to play a significant role in reshaping the global tech landscape in line with the kingdom's Vision 2030 blueprint.
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Why are So Many Iranians Seemingly Indifferent to the War in Gaza?
Forty-five years after the revolution that saw the Shah dethroned, there has been a significant shift in Iranian public opinion. While the Islamic Republic is considered the primary state enemy of Israel, the Palestinian-Israeli conflict does not appear to be a priority for the Iranian public, including various opposition groups, students, and intellectuals. This is reflected in the slogan “No to Lebanon, no to Palestine, my life only for Iran,” which appeared in 2009 during the Green Movement that followed fraud-tainted Iranian elections.
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Independent UN experts say radical Saudi Arabia scholar held for years should be tried or released
Al-Hawali, now in his mid-70s, was cited specifically by bin Laden in his 1996 declaration of war on the United States as one of the clerics detained by the kingdom purportedly on the order of the Americans.
The U.N. Committee on the Rights of Persons with Disabilities called for al-Hawali's release, saying ailments from strokes he suffered in 2005 and 2006 have made it difficult for him to speak or care for himself.
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