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Recent stories from sustg

  • Saudi Arabia wins oil battle against Iran
     

    It seems that the first round in the series of the ferocious battles between Iran and Saudi Arabia, the two giant oil-exporting countries, was settled in favor of the latter. The Kingdom continued to produce oil regardless of the Iranian threats warning the Kingdom against filling the shortage in oil supplies that might result from […]

     
  • Showing Pragmatism, Egypt’s Morsi Looks to Saudi
     

    The first official foreign visit of any newly elected president represents a significant symbolic statement. Knowing this, new leaders choose their first visit very carefully, often selecting a country that is either a major strategic ally or an important trade partner. Nonetheless, the Egyptian government’s announcement that President Mohammed Morsi’s first foreign visit will take […]

     
  • Underground in Arabia
     

    Born and raised in Dhahran, I thought I had seen most of the natural wonders of the Eastern kingdom from the towering dunes of the Rub’ Al Khali to the pristine reefs of the Gulf, so it was a true surprise to read the manuscript for John Pint’s Underground in Arabia. I had visited the […]

     
  • Saudi Aramco to invest in new energy ventures
     

    Saudi Aramco has launched an investment arm to buy into companies that have developed technologies of strategic importance to Saudi Arabia and speed their deployment in the kingdom, the state-run energy group said. Saudi Aramco Energy Ventures LLC (SAEV) plans to invest in start-up and high-growth ventures offering new technologies to the upstream and downstream […]

     
  • Al Jubayl Saudi Arabia As Seen From Orbit at Night
     

    The city of Al Jubayl (or Jubail) is located on the coast of Saudi Arabia, along the Persian Gulf. The city has a history extending back more than 7,000 years, but since 1975 it has been associated with the petrochemical, fertilizer, and steel industries. At night, these industrial areas form a brightly lit region (image […]

     
  • Study finds ’80 more years of Saudi oil at current production levels’
     

    Saudi Arabia, the biggest oil producer in the world with a proven reserve of 264 billion barrels, could continue oil supplies for the next 80 years at the current production levels, the Kuwait-based Diplomatic Center for Strategic Studies (DCSS) said in a study. Saudi Arabia retains 38.7 percent of world oil reserves whereas the shares […]

     
  • Why Saudi Arabia’s Travel and Tourism Sector Is Ripe for Growth
     

    Saudi Arabia’s travel and tourism sector is poised for rapid growth in the next decade and beyond, and both Saudi and international corporations are looking to cash in on the opportunities ahead. A product of the changing economic and social landscape in Saudi Arabia, the coming tourism boom is likely to contribute to the Kingdom’s […]

     
  • Saudi, UAE, Qatar top Cleantech list
     

    Saudi Arabia, the UAE, Qatar and Jordan are the most attractive markets for clean technologies, thanks to their government plans, budgets and long-term strategies, said a report by Ernst & Young. These countries have also demonstrated investments in large initiatives such as KACARE, Masdar and the ‘Green’ Fifa World Cup 2022, said E&Y in the […]

     
  • Saudi Mortgage Law Approved – Jadwa Flash Note
     

    Jadwa Investments released a flash note discussing the recently approved mortgage law in Saudi Arabia, which the bank believes “is a very important step in broadening home ownership.” The new mortgage law “will help to tackle one of the most pressing social issues for many in the Kingdom and will generate significant benefits to the economy. However, […]

     
  • The Ritz-Carlton in Riyadh is Arguably the World’s Nicest Hotel
     

    If you look at pictures of the new Ritz Carlton, it might not look like it belongs in Riyadh, the capital of Saudi Arabia. Not because the arguably world’s nicest hotel isn’t worthy for the Kingdom, but because the style of the hotel makes it look like a king’s palace in old Europe, with a […]

     

MUST-READS

  • 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?

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Al-Jadaan: Saudi Arabia is approaching goals of Vision 2030 in job creation

    “Our non-oil revenues exceeded our expectations. We aim to increase the role of the private sector in the employment process,” he said while noting that the Kingdom’s gross domestic product (GDP) has increased by more than 15 percent since the launch of Vision 2030. Al-Jadaan said that the global economy faces serious challenges. He noted that spending at a time of global inflation results in increased costs of projects, saying that this further fuels inflation and overheats the economy. The minister said that Saudi Arabia is in a position to reshape the Gulf region’s overall economy.

  • Al-Khateeb: Saudi Arabia has become a global hub for innovations with SR800 billion investments

    Saudi Minister of Tourism Ahmed Al-Khateeb said that Saudi Arabia has become a hub for innovations around the world with investments reaching SR800 billion. In his speech at the inaugural session of the GREAT FUTURES initiative conference at King Abdullah Financial District in Riyadh on Tuesday, he said that the Kingdom has witnessed a robust growth with regard to the issuance of tourist licenses by about 90 percent. “This vital sector contributes 5 percent of the gross domestic product,” he said. GREAT FUTURES is one of the initiatives of the Saudi-UK Strategic Partnership Council, co-chaired by Crown Prince and Prime Minister Mohammed bin Salman and British Prime Minister Rishi Sunak.

  • Commentary: Divergent Saudi-Emirati Agendas Cripple Yemen’s Presidential Leadership Council

    The PLC was established in April 2022 with a dual mandate: to lead the internationally recognized government of Yemen and to unify anti-Houthi factions against their common adversary. The eight-member council is chaired by former interior minister and deputy prime minister Rashad al-Alimi. The UAE and  KSA are the PLC’s main backers, but their different agendas and approaches constrain the council’s operations.

  • Saudi FM: Israel’s war on Gaza has weakened credibility of international bodies

    Saudi Minister of Foreign Affairs Prince Faisal bin Farhan said that the Israeli occupation forces’ ongoing aggression and violation of all international laws and norms in the Gaza Strip has exacerbated the scale of the humanitarian catastrophe and weakened the credibility of the rules of the international law and its institutions.

    He made the remarks while chairing the meeting of the Arab foreign ministers, preparatory for the 33rd Summit of the Arab League, which will be held in Manama, Bahrain on Thursday.