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Recent stories from sustg

  • 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) […]

     
  • Saudi success in show jumping underscores shift in equestrian order, helps its Olympic future
     

    Saudi Arabia appeared on the equestrian show jumping map in at the Sydney Games in 2000 when Khaled Al Eid won an individual bronze. He qualified for London but had to withdraw in July after his horse, Presley Boy, developed laminitis, a painful inflammation of the hoof. Some had considered the Sydney medal a blip, […]

     
  • Many in GCC Prefer to Get Medical Treatment Abroad
     

    While Gallup surveys show that most GCC residents are satisfied with the availability of quality healthcare in their area, outbound medical care remains an expensive problem for Gulf governments, with the UAE alone spending $2 billion per year to send its residents abroad for treatments. Patients may choose to travel abroad because of poor quality […]

     

MUST-READS

  • Saudi Arabia’s fiscal breakeven oil price is rising fast. What will the kingdom do about it?

    In May of 2023 the International Monetary Fund forecast the kingdom’s breakeven oil price at $80.90 per barrel, which moved it back into a fiscal deficit following its first surplus in nearly a decade. To be sure, the fiscal breakeven isn’t the price at which Saudi Arabia makes a profit on crude but the average oil price it needs to balance the books. The IMF’s latest forecast, in April, put that breakeven figure at $96.20 for 2024; a roughly 19% increase on the year before, and about 32% higher than the current price of a barrel of Brent crude, which is trading at around $73 as of Wednesday afternoon.

  • Iran gave Russia missiles but no launchers, sources say

    Iran did not include mobile launchers with the close-range ballistic missiles that Washington last week accused Tehran of delivering to Russia for use against Ukraine, according to three sources with knowledge of the matter. The sources - a European diplomat, a European intelligence official and a U.S. official - said it was not clear why Iran did not supply launchers with the Fath-360 missiles, raising questions about when and if the weapons will be operational.

  • Riyadh to host second edition of Saudi Film Confex in October

    Riyadh is preparing to host the second edition of the Saudi Film Confex from October 9 to 12, aimed at advancing the Kingdom’s film industry and fostering investment and partnership opportunities, following the success of the inaugural event. The event will feature 30 panel discussions and workshops, addressing critical topics such as film financing and production planning, according to a report by Saudi Broadcasting Authority.

  • Art, music, fireworks shows on for Saudi National Day celebrations

    The General Entertainment Authority has announced there will be fireworks displays across Saudi Arabia. On Sept. 22, Umm Ajlan Park in the capital is hosting, for free, the nation’s biggest fireworks display, a drone show, and a folklore event, starting at 9 p.m. There will also be fireworks displays at Jeddah Promenade from Friday to Monday starting at 6 p.m. On the same day, as a part of the festivities, there will be an air show at Jeddah’s North Corniche with planes flying in formation and leaving green smoke trails across the sky.

  • Soundstorm is Soaring as Saudi Focuses Spotlight on Local Artists

    As Saudi gears up for National Day on September 23, a cultural movement is building steam for local artists through Soundstorm. While this day honors the Kingdom’s rich past, SOUNDSTORM, the Riyadh music festival is powering the nation’s bold future. Happening on Dec 12-14, it’s more than a music festival. Soundstorm sets sights in transforming Saudi Arabia and it’s local artists into a global cultural powerhouse.

  • Russia signals upcoming signing of strategic partnership accord with Iran

    Russia’s president has authorized the signing of a Comprehensive Strategic Partnership Agreement with Iran. This follows a Tehran visit by the secretary of the Russian Security Council, preceded by a trip to St. Petersburg by the Iranian national security advisor. The intensified engagement suggests that the two sides wish to move past a row over Moscow’s support for a contentious transit corridor in the South Caucasus, especially amid western pressure over alleged Iranian missile deliveries to Russia.

  • UAE to focus on business and tech in US state visit

    While acknowledging security concerns are a constant in the region, the UAE is fully focused on an “economy-first, prosperity-first” agenda, Dr. Anwar Gargash, diplomatic adviser to UAE President Sheikh Mohamed bin Zayed, told reporters during a briefing in Dubai on Thursday.

  • Red Sea insurance costs soar as Houthi shipping threats loom, sources say

    The cost of insuring a ship through the Red Sea has more than doubled since the start of September and some underwriters are pausing cover as the risk of attack from Yemen's Houthis on commercial vessels increases, industry sources said. The Iran-backed Houthis first launched aerial drone and missile strikes on the waterway in November. They say they are acting in solidarity with Palestinians under assault in Israel's war on Gaza. In more than 70 attacks, the Houthis have sunk two vessels, seized another and killed at least three seafarers.

  • Saudi Arabia Ranks 2nd among G20 Countries in UN Telecommunication Infrastructure Index

    Saudi Arabia secured the second position among Group of Twenty (G20) countries in the United Nations Telecommunication Infrastructure Index (TII), showcasing notable advancements in the Kingdom's digital infrastructure and the efficacy of governmental efforts to bolster e-government. The TII assesses the progress of digital telecommunications infrastructure development globally and serves as a key component of the E-Government Development Index (EGDI).

  • Saudi FIFA World Cup 2034 bid chief spotlights Kingdom’s hosting credentials

    The head of the Saudi Arabian Football Federation’s FIFA World Cup 2034 bid unit, Hammad Albalawi, insists the Kingdom is primed to deliver the biggest single-host nation event in the tournament’s history a decade from now. The Saudi bid was officially unveiled last month, with 15 stadiums across five host cities - Riyadh, Jeddah, Abha, Al Khobar and NEOM - set to welcome fans when the quadrennial festival of football is, as expected, awarded to the Kingdom.