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Recent stories from sustg

  • 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

  • Smart golf carts introduced for tawaf at Makkah Grand Mosque

    The General Authority for the Care of the Affairs of the Grand Mosque and the Prophet’s Mosque has introduced smart golf carts for tawaf (circumambulation around the Holy Kaaba). The golf cart service is made available on the roof of the Grand Mosque to serve the elderly and pilgrims with special needs during the holy month of Ramadan, which marks the peak annual Umrah season.

    The authority revealed that the designated pilgrims can reach the golf cart site through the entrances of Ajyad Escalators, King Abdulaziz Gate Elevators, and Umrah Gate Elevators. The golf cart operating time is 12 hours from 4:00 pm until 4:00 am every day.

  • Saudi Arabia welcomes UN resolution calling for immediate ceasefire in Gaza

    Saudi Arabia welcomed on Monday the United Nations Security Council resolution calling for an immediate ceasefire in the Gaza Strip during the holy month of Ramadan, the Saudi Press Agency reported.  Saudi Arabia hoped that the resolution would lead to a permanent and sustainable ceasefire, as well as to the release of all hostages, compliance by the parties with their obligations under international law, and an expansion of the scope for the flow of humanitarian aid to civilians in the entire Gaza Strip apart from enhancing their protection.

  • Saudi Arabia to document historic sites of famous pre-Islamic Arab poets

    The Saudi Ministry of Culture announced the launch of a landmark project to map and document the historic Saudi sites where renowned Arab poets of the pre-Islamic era lived or were associated with them throughout history. The project will work to document these sites in various regions of Saudi Arabia and facilitate access to them through installing sign boards linking these heritage sites associated with these poets and introducing salient features of their poems, especially the so called “Suspended Odes” in the history of Arab culture.

  • White House says Bibi picking a fight

    The White House suggested that Israeli Prime Minister Benjamin Netanyahu chose to hysterically overreact to a U.S. abstention today on a UN Security Council resolution that calls for a pause in fighting in Gaza during Ramadan as well as for the unconditional release of Israeli hostages held by Hamas. Netanyahu in response abruptly canceled the planned visit of two top advisors to Washington this week to discuss alternative options than a ground invasion for targeting Hamas battalions in the southern Gazan city of Rafah.

  • Houthis threaten Saudi Arabia’s oil installations for ‘supporting US aggression’

    Yemen's Houthi rebels have threatened to target Saudi Arabia's oil installations should the country allow a US-led coalition to use its airspace to counter the group's attacks, a Houthi spokesperson said in an interview with al-Masirah TV on March 25.

  • Lucid stock rises as luxury EV maker raises $1 billion from Saudi sovereign wealth fund affiliate

    Ayar Third Investment Company, a PIF affiliate, will buy $1 billion in convertible preferred stock and will be able to convert the preferred stock into about 280 million shares, according to a regulatory filing with the U.S. securities regulator. The California-based company, which has been facing weaker-than-expected demand, said it intends to use the proceeds for corporate purposes and capital expenditure among other things.

  • Saudi Arabia’s wheat production continues to grow

    Saudi Arabia continues to ramp up its wheat production and is expected to produce 25% more in 2024-25 for a total of 1.5 million tonnes. This is the maximum allowed production quota and may be reduced or increased by the Ministry of Environment, Water and Agriculture (MEWA) depending on the underground aquafer and the world wheat supply, the Foreign Agricultural Service (FAS) of the US Department of Agriculture said in a report.

  • 2nd phase of Saudization of consulting service professions by 40% comes into force

    The Ministry of Human Resources and Social Development announced that the second phase of the Saudization of consulting services professions has come into force on Monday, March 25. The second phase covers 40 percent of professions related to consulting services, notably financial consulting, engineering and architectural consulting, health consulting, and senior management consulting. This move is part of the ministry’s efforts aimed at providing more stimulating and productive job opportunities for male and female citizens in various regions of Saudi Arabia.

  • US and Israel both leave key questions unanswered in the Gaza war

    The biggest question of all that remains unanswered is one that Israel has sought to avoid answering with precision and the US has failed for years to define in clear and achievable terms. The Biden administration recently restated the long-term goal of a two-state solution, something Israel’s current government rejects. Military campaigns that fail to define a clear, pragmatic end goal often result in long, costly wars that weaken rather than increase security for those engaged in those wars.

  • The Cost of Green Hydrogen Production in Saudi Arabia and Germany: A Model-Based Approach

    With over seventy countries setting net-zero commitments by or around mid-century, low-carbon hydrogen (H2) is expected to play a pivotal role in the decarbonization of the global economy, especially sectors less dependent on electricity, which are often termed as hard-to-abate industries. Unlike most fossil fuels, H2doesn’t produce greenhouse gas emissions when burned, instead it yields water.