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Recent stories from sustg
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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, […]
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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 […]
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MUST-READS
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Saudi women are learning financial literacy and it’s helping the country grow
While economic growth might be the overarching national motivation, international organizations are building programs that seek to empower individuals as well. The International Monetary Fund and World Bank have worked with individual countries to enhance financial literacy at the population level through targeted national programs, and the Organisation for Economic Co-operation and Development (OECD) has developed guidelines to support participating countries in improving financial literacy.
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Dubai Advisory Setting Up Shop in Saudi Arabia Upbeat on FDI
In a sign of the need for more capital, executives from so-called giga projects like Neom and Qiddiya were out in force this week at events in the capital city of Riyadh to pitch themselves to potential partners and investors. Neom also recently held a show-and-tell for bankers.
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Saudi Interior Ministry launches digital ID service for Hajj pilgrims
The Ministry of Interior launched the digital identity service for the Hajj pilgrims, who are arriving in the Kingdom from all over the world to perform the pilgrimage this year. The launch of the service is part of the efforts of the Saudi government to tap the potential of digital transformation and harness technology to serve the guests of God in a way achieving the goals of the Kingdom’s Vision 2030.
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How Hamas Saved Egypt
Last fall, Egypt was on the brink of economic collapse. A decade of debt-fueled spending on a pharaonic-scale had emptied its Central Bank coffers. By February, Cairo’s public debt was 89% of its gross domestic product. External debt had soared to 46% of GDP. The pound, its currency, was one of the world’s worst performing. Unable to import supplies and repatriate profits, foreign companies were leaving, or threatening to leave Egypt in droves. Annual inflation was over 35%, and double that for some food staples. Egypt seemed on the verge of a sovereign default—its first ever.
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What to expect from Saudi Arabia’s first Red Sea Fashion Week
Riyadh Fashion Week launched in 2023. And most recently, Lebanese designer Rami Kadi took a leaf out of the Dolce & Gabbana book by staging his latest couture show at AlUla.
The first Red Sea Fashion Week will begin on Thursday, showing that the kingdom has big plans to put the nation firmly on the fashion map.
Running until May 18, the event is being held at the newly opened The St Regis Red Sea, located on a private island and accessible only via boats.
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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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