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Recent stories from sustg

  • 42 Amazing Photos of Ramadan 2012
     

    Ramadan, the Islamic month of fasting, will come to a close this weekend with the observation of a festival called Eid al-Fitr. Throughout this ninth month on the Islamic calendar, devout Muslims must abstain from food, drink, and sex from dawn until sunset. The fast, one of the five pillars of Islam, is seen as […]

     
  • For GCC, a Challenge Within Reach: The Gulf Rail Network
     

    Railways have never been the preferred mode of transportation in the Gulf, neither for passengers nor for goods, for geographic reasons and, mostly, due to the affordable prices of fuel for road transportation. But in the next few years, and in order to boost trade, Gulf countries are expected to spend more than $100 billion on rail […]

     
  • As Fasting Ends, the Lessons of Ramadan Linger
     

    Before we began our three-day Eid al-Fitr holiday, marking the end of Ramadan, I came across an article in a Saudi newspaper with a checklist of what makes a successful Ramadan. First on the list: Recognizing that one can change for the better and acquiring patience and strong will. This month my deficiencies have shone […]

     
  • What Islamic Advertising in Saudi Arabia Looks Like
     

    This image of McDonald’s famous Golden Arches — the ne plus ultra of a Western brand — looks jarring in Arabic script. But in the Middle East and parts of Asia, that’s McDonald’s all-American brand.

     
  • Saudis Back Syria Rebels, Mindful of Past
     

    Overcome by the suffering of civilians in warring Syria, a professor in Saudi Arabia’s capital strips off his watch on live television to give as aid. A Saudi bride on her wedding night offers up her entire dowry of $13,000. Parents bring their children to donation centers set up around the Saudi kingdom, watching proudly […]

     
  • Saudi: strongest passenger growth in a decade as market expands
     

    After several years of sagging performance, Saudi Arabia’s aviation market reported its strongest growth in passenger traffic in more than a decade in 2011, even against the background of the Middle East’s regional social unrest. Despite the Arab Spring uprisings in North Africa and some of the Gulf states, Saudi Arabian passenger traffic boomed in […]

     
  • Top 10 salaries in Saudi Arabia
     

    Banking is one of the only sectors in Saudi Arabia to see a dip in compensation in 2012 Salary Survey. Construction project managers now earn the highest monthly salary.

     
  • Seasonality and the Saudi Stock Market
     

    A recently released note by Jadwa Investment discusses the effect that seasonal trends have on the Saudi economy, noting that while all economies have seasonal trends, “for Saudi Arabia these trends are more pronounced than for most other global economies…The slowdown in activity in the third quarter due to the long hot summer is a key driver […]

     
  • Saudi construction sector to gather steam in H2 2012
     

    The Saudi construction sector will further gather steam in the second half of 2012, the National Commercial Bank “Construction Contracts Index” for the second quarter of this year released Saturday indicated. NCB Construction Contracts Index reached 309.12 points by the end of the second quarter of 2012, with the total value of awarded contracts reaching […]

     
  • Saudi Athletes in London
     

    London 2012 was historic for both Saudi Arabia and the Olympic games. Saudi Arabia sent its first female athletes ever to the Olympics, completing a strong talking point for the games’ organizers: London 2012 was the first time every country competing in the Olympics sent at least one woman. Sarah Attar (800m) and Wojdan Shahrkhani (Judo) […]

     

MUST-READS

  • King Salman issues royal order to change name of Saudi housing ministry

    Saudi Arabia’s King Salman issued an order on Sunday to change the name of the Ministry of Municipal and Rural Affairs and Housing to the Ministry of Municipalities and Housing, the Saudi Press Agency reported. Saudi Housing Minister Majid Al-Hogail expressed his gratitude to King Salman, and stressed that the name change was a progressive step reflecting the nation’s commitment to fostering an advanced urban environment in alignment with Vision 2030 objectives.

  • Climate-tech startups could help the Middle East adapt to climate change—if they can get funding

    Though states such as Qatar and Kuwait have invested billions to bring in tourists, investment in climate-focused startups has begun lagging in the region. Climate tech investment in the Middle East declined by more than 80% in 2023 to $152 million, compared to about $1 billion in 2022. Sulaiman Amin, managing director of Abu Dhabi-based clean startup accelerator Catalyst, says this is due in part to risk-averse investors who want a more rapid return than many climate ventures can deliver.

  • Netanyahu heads to Washington, says Israel will remain key US ally whoever replaces Biden

    Israel will be the United States' strongest ally in the Middle East regardless of who is elected president in November, Prime Minister Benjamin Netanyahu said on Monday before flying to Washington, where he was due to address the U.S. Congress. The visit, Netanyahu's first to his most important international ally since returning for a record sixth term as prime minister at the end of 2022, has been overshadowed by President Joe Biden's decision not to seek reelection.

  • Eminem to headline fifth edition of Saudi Arabia’s MDLBEAST Soundstorm

    Joining Eminem in the lineup will be US rock band Thirty Seconds to Mars, British rock legends Muse, Swiss DJ duo Adriatique (Adrian Shala and Adrian Schweizer), German DJ Boris Brejcha, Italian DJ Marco Carola, British-Canadian DJ Richie Hawtin and many more.

  • Saudi and World Bank officials discuss economic cooperation

    Saudi Minister of Economy and Planning Faisal Alibrahim met on Thursday with World Bank Group President Ajay Banga. During the meeting, both sides discussed regional and global economic challenges and explored opportunities to enhance cooperation between Saudi Arabia and the World Bank.

  • Three things to know about Saudi Arabia’s first UNESCO site: Alula

    If you’ve visited Petra in Jordan, you’ll be a bit familiar with the history here, which dates back to the 6th century BCE. Set on the Incense Route, the wealth and goods that flowed from India and the Persian Gulf to Europe came right through this oasis. They built a sophisticated civilization. The various historic sites are spread out through the desert, linked by a series of newly paved roads. Arguably the two biggest historic attractions are the Old Town and Hegra.

  • Imagine Monet makes Middle East debut at Jeddah Season

    Imagine Monet, the largest interactive exhibition featuring 200 of the most recognized works by Claude Monet, is featured during the Jeddah Season from 28 June-28 July at the Jeddah Yacht Club.

  • Saudi Arabia Breaks Air Traffic Growth Record

    In the first half of 2024, the Kingdom experienced a 17% increase in passenger numbers, reaching a record-breaking 62 million travelers between January and June 2024. This surpasses pre-pandemic levels, demonstrating a strong recovery in air travel demand.

  • ‘‘Saudi youth are exploring new avenues of self-expression”

    In the heart of Saudi Arabia’s cultural transformation, audio serves as the soundtrack to change, weaving itself seamlessly into the fabric of everyday life. Whether through podcasts, audiobooks, or music streaming platforms, people consume audio seamlessly, integrating it into various aspects of their daily routines, from morning commutes to evening wind-downs. This is amplified now more than ever due to the abundant presence of smartphones, which provide instant access to unlimited audio content anytime, anywhere.

  • Riding the A.I. Wave, Saudi Arabia’s Sovereign Fund Continues Its Ambition in Silicon Valley

    If the Saudi government’s $40 billion A.I. fund with Andreessen Horowitz, which The New York Times reported in March might fall through, does come to fruition, it will be far more significant than typical amounts raised by U.S. venture capital firms and establish PIF as a major player in the fast-growing A.I. sector.