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Recent stories from sustg

  • Critical Commercial and Economic Ties: Interview with Jose Fernandez
     

    The 2nd US-Saudi Business Opportunities Forum in Atlanta in December brought together a high level delegation of over 200 Saudi officials and business people with over 1000 Americans to explore the $1 trillion-plus commercial openings available in the coming decade in the Kingdom. The response to the Forum – and what it means for American investment and […]

     
  • Secretary of State Clinton to Visit Saudi on Friday and Saturday
     

    Clinton will be in Saudi Arabia’s capital of Riyadh Friday and Saturday. There, she’ll meet with Saudi King Abdullah and participate in an event dedicated to the “strategic cooperation” between the U.S. and Gulf Arab states. Washington and many of its allies say Syrian President Bashar Assad has lost all legitimacy in a year of […]

     
  • Geithner welcomes Saudi oil pledge
     

    U.S. Treasury Secretary Timothy Geithner said he welcomed Saudi Arabia’s pledge to continue to make sure oil supplies are sufficient to meet demand.

     
  • Car-nage
     

    In his weekly piece for Arab News, Abdulateef Al-Mulhim takes a look at the extraordinary toll exacted on Saudi roads. With well-engineered roads and streets and access to the latest and safest automobiles, he says, Saudi Arabia still leads the world in highway fatalities. He offers a few ideas about how to gain control over […]

     
  • Jadwa Saudi Chartbook – March 2012 – Banking
     

    Bank deposits rose for the fifth consecutive month in January, with demand deposits accounting for the entire rise to reach almost 60 percent of total bank deposits. Bank excess deposits at SAMA remained very high, giving scope for further lending growth.    

     
  • Jadwa Saudi Chartbook – March 2012 – Trade
     

    According to Jadwa Investment’s March 2012 Chart Book,  “Non-oil exports hit a new all-time high in December owing to greater production of petrochemicals and plastics. Imports also jumped that month and data on letters of credit issued for imports suggest further rises are likely in the months ahead.”  

     
  • What to Know About the TASI Opening
     

    Saudi Arabia, the world’s largest oil exporter and the Middle East’s biggest economy, is about to complete a gradual process to open its stock market, known as the Tadawul or TASI, directly to international investors for the first time. The initial step toward this action was to give other GCC countries the right to invest […]

     

MUST-READS

  • ‘Precarious’ year ahead for world economy, Davos survey predicts

    The global economy faces a year of subdued growth prospects and uncertainty stemming from geopolitical strife, tight financing conditions and the disruptive impact of artificial intelligence, a survey of top economists released on Monday found.

    Conducted each year ahead of the World Economic Forum's (WEF) annual meeting in the Swiss resort of Davos, the survey of 60-plus chief economists drawn globally from the private and public sectors attempts to sketch priorities for policymakers and business leaders.

  • Scientists unveil blueprint for affordable solar cells to power Saudi Arabia and beyond

    The authors of the article, published in Science, include Prof. Stefaan De Wolf and his research team at King Abdullah University of Science (KAUST) and Technology Solar Center. The team is working on improving solar efficiency to meet Saudi Arabia' solar targets.

  • Can Saudi Arabia win the Asian Cup?

    It has been 27 long years since Saudi Arabia won the last of its three Asian Cup trophies. Guided by Portuguese coach Nelo Vingada, the Green Falcons beat host nation UAE on penalties in a hugely tense final that had finished goalless after extra time. Over the course of two decades, Saudi Arabia was the unquestionable continental force in Asia, winning three titles – 1984, 1988 and 1996 – and reaching three finals in the seven tournaments between 1984 and 2007.

  • AI Will Transform the Global Economy. Let’s Make Sure It Benefits Humanity

    The rapid advance of artificial intelligence has captivated the world, causing both excitement and alarm, and raising important questions about its potential impact on the global economy. The net effect is difficult to foresee, as AI will ripple through economies in complex ways. What we can say with some confidence is that we will need to come up with a set of policies to safely leverage the vast potential of AI for the benefit of humanity.

  • Saudi Arabia to use air taxis for future Hajj seasons

    According to officials, the logistics will handled by Saudia, the kingdom's national airline.

    Saleh bin Nasser Al Jasser, Saudi Arabia's Minister of Transport, last year said flying taxis would be tested during Hajj in the coming years.

    The air taxis will “run very soon” but not this year, officials told The National.

  • Dubai’s GII Invests $160 Million in Saudi Arabian Hospital Chain

    Gulf Islamic Investments LLC. has invested $160 million in Saudi Arabia’s Abeer Medical Company, the latest health-care deal in the kingdom as it looks to attract more private sector money into the industry. GII, as the Dubai-based firm is known, has acquired a minority stake in Abeer and will help it expand into new cities, according to a statement.

  • 4,000-year-old wall found around oasis in Saudi Arabia likely defended ‘against raids from nomads’

    A giant wall dating back around 4,000 years has been discovered surrounding an oasis in Saudi Arabia. The wall was originally 9 miles (14.5 kilometers) long and surrounded the Khaybar Oasis, located near the city of Al-'Ula. It was about 16 feet (5 m) high and 5.6 to 7.9 feet (1.7 to 2.4 m) thick, the team said in a statement.

  • Francis Ngannou moves Joshua fight camp from Las Vegas to Saudi Arabia

    Francis Ngannou is picking up his training camp and moving it to Saudi Arabia. The former UFC heavyweight champion is set to face Anthony Joshua on March 8th in Riyadh. That’s the same place he nearly defeated Tyson Fury in a boxing bout no one expected him to stand a chance in. “The Predator” silenced the doubters, knocking Fury down in the third round and losing a split decision by one controversial point.

  • Analysis: Russian Ally’s Saudi Pivot Threatens to Derail Putin’s Wartime Economy

    Russian President Vladimir Putin's full-scale invasion of Ukraine in February 2022 spurred the West to impose sanctions aimed at isolating Moscow from the global financial system and cut off its revenues to wage its military aggression.

  • Saudi bourse retreats on US CPI data; Egypt gains

    Saudi Arabia's stock market ended lower on Sunday as investors continued to parse U.S. economic data to determine when borrowing costs could fall, while the Qatari index gained. U.S. consumer prices increased more than expected in December, with Americans paying more for housing and healthcare, suggesting it was probably too early for the Federal Reserve to start cutting interest rates. Expectations for a rate cut in March were also tempered by data on Thursday showing the labor market remained fairly tight at the start of this year, with the number of new unemployment claims unexpectedly falling last week.