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Recent stories from sustg

  • Saudi consumer electronics market surges
     

    Saudi Arabia’s consumer electronics devices market, defined as the addressable market for computing devices, mobile handsets and video, audio and gaming products is projected at $6.4 billion in 2012, Business Monitor International said in “Saudi Arabia Consumer Electronics Report Q2 2012″report. This is expected to increase to $8.2 billion by 2016, driven by the growing […]

     
  • The Saudi Cultural Mission’s New Headquarters
     

    The new SACM headquarters in Fairfax, Virginia provides a modern hub for Saudi Students in the United States, and stands as a symbol of the strong cultural relations between the United States and Saudi Arabia. Until recently, the future of the iconic Watergate hotel and office complex in Washington DC, which was the site of […]

     
  • With customs union, GCC edges toward closer economic ties
     

    Saudi Arabia, the biggest Arab economy, is leading moves toward political and economic cooperation, which it believes would give the mostly Sunni-led monarchies of the Gulf more power to withstand any confrontation with Shi’ite Iran. Closer business ties within the GCC, which consists of Saudi Arabia, the UAE, Kuwait, Qatar, Oman and Bahrain and has […]

     
  • Ramadan 1433
     

    Ramadan means more in the lives of Muslims than refraining from eating and drinking during the daylight hours. The ritual fasting during the holy month is among the five pillars of Islam: Shahadah, the declaration of faith; Salat, five daily prayers; Zakat, charitable giving; Hajj, the pilgrimage to Mecca; and Sawm of Ramadan, the ritual […]

     
  • Saudi car sales to hit $25 billion by 2013
     

    Saudi Arabia has ambitious plans to further expand its lucrative automobile industry. In 2011 alone, the Kingdom announced the sale of approximately 800,000 cars potentially increasing to 1 million vehicles per year by the end of the current decade. In this context, the country is planning to start manufacturing automobile parts by 2013 in addition […]

     
  • Muslims across the world prepare to observe Ramadan
     

    Muslims around the world begin fasting on Friday in observation of Ramadan, the holiest month in Islam when the faithful abstain from eating food or drinking water from sunrise to sunset…. Every year, identifying the start of Ramadan is like a waiting game; Islamic scholars must see the new crescent moon in the night skies […]

     
  • Gulf States Move to Diversify Income Sources
     

    Saudi Arabia, the world’s biggest oil exporter, has identified mining as a key investment area after oil and petrochemicals, and is spending an estimated $38 billion to develop two cities centered around mining…“The idea is to try and improve the range of benefits and advantages of doing business in the G.C.C. and in Saudi Arabia, […]

     
  • Moving forward with nationalisation in Saudi Arabia
     

    “Nitaqat represents an effort to introduce more incentives for companies to employ Saudis and in that sense it is an improvement on what went before,” says James Reeve, an economist at the local Samba Financial Group. “The reason you are hearing more complaints is probably because the system is being enforced with greater vigour.” Despite […]

     
  • More than half of GCC population under age 25
     

    The countries of the Gulf Cooperation Council (GCC) have a low population compared with other regions, totaling 45 million people in 2011, less than 1 percent of the global population, a recently published report read. The report, filed by Kuwait Financial Center (Markaz), highlighting the GCC demographic shift, said the region is young, with 54 […]

     
  • Saudi public sector’s bank credit rebounds
     

    Bank lending in Saudi Arabia is continuing at a generally brisk pace, the National Commercial Bank said in its “GCC Financial Market Quarterly” released Monday.The report said liquidity conditions supporting this credit expansion remain very benign. However, the growing economic confidence has begun to hit deposit growth somewhat and the annual pace of expansion decelerated […]

     

MUST-READS

  • JinkoSolar to build 10GW n-type cell and module factory in Saudi Arabia

    The facility will be built and financed through a joint venture (JV) between JinkoSolar Middle East, the Renewable Energy Localization Company (RELC) – a subsidiary of the state-run Saudi Public Investment Fund – and Vision Industries (VI), an investor in Saudi clean energy industrial projects and supply chains. Both JinkoSolar and RELC will hold 40% equity and VI the remaining 20%.

  • NASA Signs US, Saudi Arabia Agreement for Civil Aeronautics, Space Collaboration

    The United States and Saudi Arabia signed a framework agreement that opens new possibilities for cooperation with NASA in areas such as space science, exploration, aeronautics, space operations, education, and Earth science. NASA Administrator Bill Nelson signed on behalf of the U.S., and CEO of the Saudi Space Agency Mohammed bin Saud Al-Tamimi signed on behalf of the Kingdom of Saudi Arabia.

  • Mideast missile duels have cost US Navy nearly $1B, secretary says

    The U.S. Navy is nearly $1 billion in the hole after defending Israel from Iranian missiles last weekend and fighting off Houthi attacks on Red Sea shipping since October, the service’s secretary said Tuesday in a bid to convince House lawmakers to approve $95 billion in supplemental funding.

  • Aramco to acquire 50% stake in Air Products Qudra’s Blue Hydrogen Industrial Gases Company

    Aramco, one of the world’s leading integrated energy and chemicals companies, has signed definitive agreements to acquire an equity interest in the Jubail-based Blue Hydrogen Industrial Gases Company (BHIG), a wholly-owned subsidiary of Air Products Qudra (APQ). The transaction, which is subject to standard closing conditions, will also include options for Aramco to offtake hydrogen and nitrogen.

  • Saudi Arabia is set to gain another stadium, amid a flurry of new builds and upgrades.

    The New Murabba Development Company, which is owned by Saudi Arabia’s Public Investment Fund (PIF), today unveiled designs for the new venue. The 45,000-capacity stadium will be located in the Saudi capital of Riyadh and is anticipated to be complete by the end of 2032. The development company said the venue would feature “cutting-edge” sporting technology, while renderings show the stadium in football mode – suggesting that it could be used for the 2034 FIFA World Cup in Saudi.

  • KAUST joins Saudi AgriFood Tech Alliance

    The Ministry of Environment, Water and Agriculture announced the launch of the first Saudi AgriFood Tech Alliance with KAUST, a founding member alongside the Research, Development and Innovation Authority and Topian, the NEOM Food Company. The alliance aims to provide a platform to unite and mobilize a complementary network of food and agriculture stakeholders, catalyzing the national-scale deployment of AgriFood technological solutions.

  • Saudi Arabia Ranks Second Among G20 in ICT Development for Second Year

    The Kingdom of Saudi Arabia has secured the second position among the Group of Twenty (G20) countries for the second consecutive time in the 2024 ICT Development Index published by the United Nations International Telecommunication Union (ITU). The index tracks the digital development and progress of 170 countries in information and communication technology (ICT) services through sub-indicators divided into two axes: inclusive and effective communication.

  • Saudi Arabia Announces Carbon Capture And Utilization Challenge For Startups

    Saudi Arabia appears to be doubling down on carbon capture as part of its plans to create a circular economy. Last week the country’s Ministry of Economy and Planning (MEP) and Ministry of Energy (MoEnergy) unveiled the Carbon Capture and Utilization Challenge. The challenge invites startups from across the globe to present innovative approaches to reduce carbon emissions through sustainable system transformations. This includes advancements in carbon capture technologies, novel applications for carbon utilization, and industrial integration.

  • ‘Magic Rounds’: Saudi Pro League 2024-25 fixtures announced with revamped approach

    The 306-match campaign kicks off on the weekend of August 22, when reigning champions Al Hilal will visit Al Akhdoud, which only secured its Pro League survival on the final day of the 2023-24 campaign – an achievement that sparked memorable scenes as coach Noureddine Zekri danced across the pitch.

  • A who’s who guide to the Saudi Arabia 2024 Paris Olympic team

    After sending a record-breaking delegation to the Tokyo 2020 Olympics of 33 athletes, 22 of whom made up the men’s football squad, Saudi Arabia has confirmed that only nine competitors across four different sports will be heading to Paris for the 2024 Games.