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The emergence of Google
- November 27,2012
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- SUSTG Team
Saudi Arabia is one of the biggest Internet markets not only regionally but also globally. There are 190 million video views on YouTube in Saudi per day. That’s the highest number of YouTube views in the world per Internet user. The average user in Saudi watches three times as many videos a day compared to […]
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Saudi Arabia All Atwitter
- November 26,2012
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- SUSTG Team
Twitter and YouTube have become so relevant to the public discourse in Saudi Arabia that there is now a bi-weekly YouTube show solely dedicated to what Saudi users of Twitter are talking about. The new show is simply called “What Happened in Twitter” and the first episode was published today.
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Saudi non-oil sector to expand 6% in 2013
- November 25,2012
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- SUSTG Team
Saudi Arabia shows some tightness in the local financial system, reflecting a scarcity of corporate deposits, but this appears to be abating and might in any case reflect strong investment growth in the non-oil economy. Local firms continue to report strong growth in new orders, with exchange rate movements helping make non-oil exports more competitive. […]
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Saudi reforms detour through Vienna faith centre
- November 21,2012
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- SUSTG Team
Although launched by Riyadh and named the King Abdullah International Centre for Interfaith and Intercultural Dialogue (KAICIID), bin Muaammar stressed it is not a Saudi entity. “This is an international institution,” he said. “About 70 percent of the world’s religions are on its board. The centre will be a neutral place to exchange ideas.” In […]
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Saudi Arabia’s Power List – 2012
- November 19,2012
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- SUSTG Team
Welcome to the first Arabian Business Saudi Power List – our guide to the kingdom’s most influential movers and shakers. As the rest of the planet, from emerging to traditional markets, teeters on the brink of recession, the mood has never been more positive in Saudi Arabia. A high oil price has swelled the kingdom’s […]
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Regional e-commerce firms set sights on Saudi Arabia
- November 19,2012
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- SUSTG Team
Digital expert Omar Christidis, founder of ArabNet, the hub for Arab digital professionals and entrepreneurs, said that Saudi Arabia is currently the largest digital market in the MENA region – with almost 40 percent of all Arabic tweets, half of Wikipedia’s Arabic content and 35 percent of all Arabic content on the web coming from […]
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For Saudi Football, a Moment in the International Spotlight
- November 15,2012
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- Lucien Zeigler
Saudi Arabia’s national football team has had its ups and downs in the last decade, thus far struggling to make a name for itself as a contender in a world full of elite national teams. Nevertheless, the ups and downs of the Saudi program are closely followed by Saudis all over the world and has, […]
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Jadwa Investment – November 2012 Saudi Chartbook
- November 13,2012
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- SUSTG Team
Jadwa Investment’s Saudi Chartbook for the month of November 2012 assesses a number of key aspects of the Saudi economy including the real economy, bank lending, banking indicators, inflation, trade, oil, exchange rates, the TASI (Saudi Stock Market), sectoral performance, and third quarter earnings. To read the entire report in full as a PDF, click […]
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Saudi Arabia’s SABIC sets sights on U.S. shale gas boom
- November 13,2012
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- SUSTG Team
Saudi Basic Industries Corp (SABIC) is considering investing in the United States to capitalise on the shale gas boom there, its chief executive told Reuters on Monday. SABIC and other petrochemical producers in Saudi Arabia have been looking for additional gas supplies to fuel their expansion plans, with SABIC now casting its gaze overseas. “We […]
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Saudi Arabia Seeks $6.7 Billion of U.S. Transport Planes
- November 9,2012
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- SUSTG Team
Saudi Arabia plans to buy 20 C-130J military transport planes, five KC-130J refueling aircraft and related equipment from Lockheed Martin Corp. (LMT) valued at about $6.7 billion, the Pentagon said today in a statement.The Pentagon’s Defense Security Cooperation Agency notified Congress of the potential sale to Saudi Arabia, the agency said in a statement posted […]
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MUST-READS
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Lebanon and the RegionOpinion: Tackling Islamic State: a message from Lebanon
Barack Obama never understood properly the dangers inherent in the Syrian situation. Obama wants to defeat the Islamic State but he doesn’t want to do anything about the conflict in Syria: he has separated artificially the anti-Islamic State campaign and the conflict in Syria, as if these things were not intimately tied into one another. Three years ago a number of people were writing – I was only one of them – that you cannot do nothing in Syria, because the problem you’re trying to avoid today may be become a problem later that you simply cannot avoid.”
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Saudi ExpatriatesSaudi businesses call for 2 year ban on returning expats
A group of leading businessmen has recommended to Saudi authorities that expats who leave the kingdom on an exit visa are not allowed to return for two years. The Council of Saudi Chambers (CSC) labour market committee approved the proposal in a bid to encourage local businesses to hire Saudis. “If implemented, the measure is bound to boost nationalisation in the business sector,” committee chairman Mansoor Al Shethri was quoted as saying by Arab News.
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France-LebanonFrance, Lebanon sign Saudi-funded arms deal
This deal will help to ensure the army’s mission to defend its territory and to fight terrorism at a time when Lebanon is threatened,” Fabius said.
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LebanonRivals Tehran, Riyadh pledge billions to Lebanon’s army
Late last year, Riyadh agreed to give $3 billion worth of French-made weapons to Lebanon’s military at a still-unspecified date. It also granted $1 billion in emergency aid to the country’s military and intelligence agencies in August after militants linked to extremists in Syria briefly captured the Lebanese border town of Arsal. Combined, the pledges amount to more than double the military’s estimated annual budget. During a visit to Beirut in September, the secretary of Iran’s Supreme National Security Council, Ali Shamkhani, responded with an arms offer from Tehran. According to Lebanese media reports, that consists primarily of antitank weapons, artillery and heavy machine guns.
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Saudi-LebanonFrench-Saudi Arms deal for Lebanon to be inked today
Saudi Arabia and France will on Tuesday seal a deal to provide Lebanon's army with USD 3 billion worth of French weapons, with Riyadh footing the bill, a Saudi daily and a French source had said yesterday.
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NCBFatwa No Barrier to Saudi Arabia’s $6 Billion Bank IPO
Saudi Arabia’s largest bank said in a statement yesterday it attracted 215.8 billion riyals ($58 billion) of bids from about 1.2 million investors as of 8 p.m. in Riyadh. While that pales by comparison with the almost 9 million who subscribed for Alinma Bank’s IPO in 2008, NCB’s offering to sell 300 million shares was almost 16-times oversubscribed, signaling investors pitched for larger blocs of shares.
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FinanceMoody’s outlook for Saudi banking system remains stable
The outlook for the Saudi Arabian banking system remains stable, unchanged since September 2009, said Moody’s Investors Service.
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BahrainBahrain court bans opposition group for three months
A court in Bahrain has suspended leading Shia opposition group al-Wefaq a month before parliamentary elections are due, their defence lawyer says. Abdullah al-Shamlawi told the Associated Press al-Wefaq's activities will be frozen for three months. The group had planned to boycott the elections, claiming the government did not try to reconcile with them following their anti-monarchy protests.
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Kobani DefenseRebel troops boost Kobani defense
Up to 200 Syrian rebels have arrived in Kobane to help defend the northern border town against Islamic State (IS) militants, a Free Syrian Army (FSA) commander there has told the BBC. All were fighting under the flag of the Western-backed FSA, he said. The news came as about 150 Iraqi Kurdish Peshmerga fighters arrived in Turkey on their way to the town. Syrian Kurds have been under siege in Kobane for six weeks, aided by US-led coalition air strikes.
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KobaniOnly Syrian opposition and peshmerga can save Kobani: Turkish PM
Turkey cannot be expected to send troops to defend the besieged Syrian border town of Kobani and only Iraqi Kurdish peshmerga fighters and Syria's own moderate opposition can save it, Prime Minister Ahmet Davutoglu said. U.S. warplanes have been bombing Islamic State positions near Kobani for weeks, but air strikes alone will not be enough to repel the insurgents, Davutoglu said.
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