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Recent stories from sustg

  • The arms spending map of the world
     

    How much do countries spend on their militaries? This data from the Stockholm International Peace research Institute shows the world in arms spending – both in dollars over time and as a percentage of GDP.

     
  • Major Banks Expanding in Saudi Arabia
     

    “We’d be crazy to limit ourselves to a handful of bankers when we can see oil prices are going to sustain the Saudi economy for the foreseeable future,” Rory Gilbert, the head of Middle East and North Africa at London-based Barclays’s wealth management unit, said in an interview this week in Dubai. “In four or […]

     
  • A Nuclear Iran: CNN
     

    What do we really know about the Iranian nuclear threat?  Iran says it wants the right to have its peaceful nuclear program formally recognized.  But from the outside, Iran has long given the impression it has something to hide.  And fear that Iran may soon have the capability to build a nuclear weapon, has spurred […]

     
  • Saudi ‘tops in mobile users’
     

    Saudi Arabia has the highest proportion of mobile phone users in the world with 188 per cent, followed by Vietnam and Oman in the second and third places respectively, according to a recent study. The study which was conducted by the United Nations Conference on Trade and Development (UNCTAD) indicated that this percentage is by far […]

     
  • The Menu of Options in the Iranian Nuclear Talks
     

    For the first time in more than a year and a half, negotiators from Iran and the so-called P5+1 countries – the five permanent members of the United Nations Security Council, the U.S., Russia, China, France and England, plus Germany – will sit down with their Iranian counterparts this Friday in Istanbul to talk about […]

     
  • Saudi Defense Minister Prince Salman Visits Pentagon, White House
     

    Saudi Defense Minister Prince Salman bin Abdul Aziz held talks at the Pentagon on Wednesday that focused on the crisis in Syria, hours before a ceasefire deadline was due to expire. The Saudi defense chief later held talks with President Barack Obama in the Oval Office.

     
  • Saudi Arabia & the GCC – post ‘Arab Spring’: Obaid
     

    This week Mr. Nawaf Obaid, former strategic adviser to Prince Turki Al-Faisal, presented a briefing titled, “Saudi Arabia & the GCC in a Post ‘Arab Spring’ Environment” at the Harvard Kennedy School of Government as part of a program examining responses among GCC states to the “Arab Spring” turmoil that started early last year. Obaid […]

     
  • Al-Rabiah moves to push foreign trade and investment
     

    Commerce and Industry Minister Tawfiq Al-Rabiah yesterday opened a major workshop for the development of Saudi commercial attaches as part of the ministry’s efforts to promote trade and investment relations with foreign countries. The workshop attended by top officials from related departments and agencies discussed ways to improve the performance of Saudi commercial attaches abroad […]

     
  • Graphic: The Rise of Saudi Oil Consumption
     

    Saudi Arabia uses as much oil per person as America, largely to run oil-fired power plants to run domestic air conditioners. And the more of its oil siphoned off for such uses, the less cushion there is in the worlds oil supply. Thats a big problem now but is becoming less of one. America and […]

     
  • 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 […]

     

MUST-READS

  • Saudi Arabia to chair UN forum on women’s rights and gender equality

    A decision by the United Nations to appoint Saudi Arabia as the chair of a gender equality forum has been criticized by women’s rights advocates.

    The UN’s Commission on the Status of Women (CSW) unanimously appointed Saudi Arabia to chair its 69th session in 2025, according to the Saudi Arabia Mission to the UN. Saudi ambassador to the UN, Abdulaziz Alwasil, was elected as chair Wednesday.

  • Saudi Arabia to host conference on role of universities in promoting peaceful coexistence

    Imam Mohammad Ibn Saud Islamic University in Riyadh will host an international conference next month titled “The Role of Universities in Promoting the Values of National Belonging and Peaceful Coexistence.” It will take place on April 28 and 29 under the patronage of King Salman. Ahmed bin Salem Al-Ameri, the president of the university, thanked the king for his support and said the aim of the event is to “highlight the experiences of universities in promoting these lofty values, and to demonstrate the importance of correct doctrine and the approach of moderation,” the Saudi Press agency reported on Wednesday.

  • Saudi Arabia sends 17th relief plane to Ukraine

    The plane was sent by the King Salman Humanitarian Aid and Relief Center to Rzeszow Airport in Poland, near the Ukrainian border, in preparation for a land route to Ukraine. The plane carried 60 tons of relief items, including generators and electrical appliances. A Saudi delegation, headed by Foreign Minister Prince Faisal bin Farhan, visited the Ukrainian capital of Kyiv in February on the first visit of its kind by a Saudi and Arab official to Ukraine since Russia started its “special military operation” against its neighbor.

  • Saudi Arabia’s net FDI at $3.49 billion in Q4 of 2023

    Net inflows of foreign direct investment (FDI) to Saudi Arabia reached 13.1 billion riyals ($3.49 billion) in the fourth quarter of 2023, up 16% from 11.4 billion riyals ($3.04 billion) in the third quarter, government data showed on Thursday.
    The kingdom hopes to attract $100 billion in FDI by 2030 to boost non-oil gross domestic product as part of a wider strategy by de facto ruler Crown Prince Mohammed bin Salman to diversify the economy away from its reliance on crude oil exports.

  • Mixed Signals in the Latest Saudi Labor Market Report

    At face value, the Saudi labor market report released March 28 contained good news. The report showed that the overall unemployment rate (covering nationals and non-nationals) fell to 4.4% in the fourth quarter of 2023 from 5.1% in the third quarter. The unemployment rate for Saudi nationals dropped to 7.7% from 8.6% in the third quarter (and 8% in the fourth quarter of 2022), with the unemployment rate for Saudi women declining particularly sharply to 13.7% (down from 16.3% in the third quarter of 2023 and 15.4% in the fourth quarter of 2022). The unemployment rate for Saudi men remained unchanged at 4.6% between the third and fourth quarters of 2023, still above the 4.2% rate in the fourth quarter of 2022. The overall unemployment rates for Saudi women and all Saudis are at their lowest levels since the kingdom began collecting statistics.

  • Saudi creative leaders go independent with agency launch

    “Proudly from Saudi Arabia, we’re a local advertising agency, which is creatively led, driven by ideas and innovation, and globally audacious. We are fast, young, and excited to deliver to the world what the advertising industry has been missing for some time,” said Sehly. The agency’s main focus is, but not limited to,  developing all creative communications for the General Entertainment Authority of Saudi (GEA) and Riyadh Season.

  • Opinion: How Alat can turn Saudi Arabia into a global manufacturing hub

    There are a lot of positives for the new company: significant funding; large domestic demand from greenfield mega-projects like NEOM, and city transformations in Riyadh and Jeddah; and a developing low-carbon energy system that sustainable manufacturers need. But still, the size of the challenge is daunting. Alat is targeting the creation of 39,000 direct jobs in Saudi Arabia and a $9.3 billion contribution to GDP by 2030, with manufacturing activities across more than 30 product categories.

  • Weather warnings issued across Saudi Arabia until Monday

    Moderate to heavy rain, leading to torrential rain, hail and high wind, has been forecast for Makkah region, including the Holy Capital, Al-Jumum, Al-Kamil, Bahra, Khulais, Taif, Maysan, Adham, Al-Ardiyat, Tarbah, Raniyah, Al-Muwayh, and Al-Khurmah. The Riyadh region will be affected by similar weather conditions, including the capital, Diriyah, Afif, Al-Dawadmi. Al-Quwayiyah, Al-Majma’ah, Thadiq, Marrat, Al-Ghat, Al-Zulfi, Shaqraa, Rumah, Huraymila, Darma, Al-Muzahmiyah, Al-Kharj, Wadi Al-Dawasir, Al-Salil, Al-Aflaj, Hotat Bani Tamim and Al-Hareeq.

  • World Court orders Israel to halt Gaza famine; Hamas says ceasefire needed

    The World Court on Thursday unanimously ordered Israel, accused by South Africa of genocide in Gaza, to take all necessary and effective action to ensure basic food supplies to the enclave's Palestinian population and halt spreading famine.
    But Gaza's Hamas rulers said a ceasefire was needed to halt the humanitarian crisis.
    The order from the International Court of Justice came as Israeli forces and Palestinian fighters battled in close combat around Gaza's Al Shifa Hospital, where the armed wings of Hamas and Islamic Jihad said they attacked Israeli soldiers and tanks with rockets and mortar fire.

  • Israel strikes Syria hard as its pilots resume regular drills for northern war

     Israel carried out its deadliest strikes in months on northern Syria's Aleppo province early on Friday, stepping up its campaign against Iran's proxies in parallel with its war in Gaza.
    Israel has ramped up airstrikes Syria against both the Lebanese Hezbollah militia and the Iranian Revolutionary Guard Corps (IRGC) since the Iranian-backed Palestinian faction Hamas's attack on Israel on Oct. 7, and in recent days its pilots have resumed regular practice for "deep" raids into Lebanon.