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Recent stories from sustg
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10 Saudi women take fight against breast cancer to Mount Everest
Princess Reema bint Bandar bin Sultan and the Zahra Breast Cancer Association launched a campaign on Tuesday where 10 Saudi women will climb to the Mount Everest base camp in May. The 10 climbers include Jude Al-Aitani, Asma Al-Sharif, Mashael Alhegelan, Mona Shahab, Noura Bouzo, Raha Al-Moharrak, Lina Almaeena, Samaher Mously, Hatun Madani, Alya Al-Sa’ad, […]
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Saudi Arabia Jeddah Weddings
I was approached, a couple of months ago by a media company, about the wedding video I made for my cousin’s wedding. The company makes documentaries and would like to make a documentary about modern day Saudi couples in Jeddah getting married. They were, in my opinion, too optimistic, but then again I am a […]
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Saudi Market Opens Up, but Gradually
Regulators of the Saudi stock exchange, Tadawul, the largest in the Arab world, are fine-tuning the draft of a law on Qualified Foreign Investors in the hope of attracting institutional fund managers to buy shares directly in the $400 billion market. The market, which is equal in size to the combined value of the stock […]
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Opportunities in Water Production
Saudi Arabia will increase by almost double its desalinated water production over the next three years according to the governor of the Saline Water Conversion Corporation (SWCC) who said the daily water production will rise from the current 3.3 million cubic meters to about 6 million. SWCC’s HR General Manager, Abdul Latif Al-Harkan, was a […]
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Saudi Aramco Rethinks Global Communications Strategy
Saudi Aramco, the world’s largest oil company, is rethinking its global communications strategy as it undertakes an ambitious corporate transformation. The company is understood to be actively seeking public relations agency support across a wide range of areas, including media relations, internal communications, and event management. The review covers Saudi Aramco’s operations in the Gulf, North […]
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Top-10 ranking in sight for Tadawul
Saudi Arabia’s stock exchange is expected to quickly rank among the world’s 10 most active markets if it opens up to international investors.
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American Public Opposes Israel Striking Iran
A new poll finds that only one in four Americans favors Israel conducting a military strike against Iran’s nuclear program. Seven in ten (69%) favor the US and other major powers continuing to pursue negotiations with Iran, a position that is supported by majorities of Republicans (58%), Democrats (79%) and Independents (67%).
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SACM Career Fair and Graduation Ceremony Begins in Washington
Saudi students from around the United States are descending on the U.S. capital for a graduation ceremony and career fair organized by the Saudi Arabian Cultural Mission (SACM) on May 26-27. SACM, in coordination with the Saudi Ministry of Higher Education, will host the SACM Career Fair and Graduation Ceremony this weekend at the Gaylord […]
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Global Markets Drag on TASI
The TASI has dipped over the past month, primarily due to global factors. First quarter results of listed companies point to ongoing strength in the domestic economy, with profits 14.9 percent higher than in the first quarter of 2011. Nonetheless, the TASI is down by 10 percent since the end of March, mirroring falls on […]
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USTR: Saudi Continues to Protect Intellectual Property Rights
The Office of the U.S. Trade Representative on Monday released the 2012 Special 301 Report reviewing the intellectual property protection policies of foreign nations. Saudi Arabia is not named on the “Watch List” again this year and has not been since a successful Out-of-Cycle Review in 2009 to resolve IP issues in cooperation with the […]
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MUST-READS
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A War on the Nile Pushes Sudan Toward the Abyss
Khartoum, the capital of Sudan and one of the largest cities in Africa, has been reduced to a charred battleground. A feud between two generals fighting for power has dragged the country into civil war and turned the city into ground zero for one of the world’s worst humanitarian catastrophes.
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Emirates boss Tim Clark slams Heathrow as a ‘Second World War’ airport with ‘a dismal experience’
He said “travelling from Terminal 3 is a dismal experience” and the building needs reconfiguring to improve the customer journey. “I was at Heathrow the other day and walking out of our lounge the ceiling height is awful. It looks like a utilitarian structure, post-Second World War. It is just not good enough,” Sir Tim said. He wants Terminal 3 to be redesigned, with the plaza size reduced to allow more room for security and check-in, the report said.
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Scars of Conflict Are Deeper and Longer Lasting in Middle East and Central Asia
Economies across the Middle East and Central Asia are more affected by conflicts—even a decade after a severe conflict, their income per capita remains about 10 percent lower. The idea that violent conflict reduces economic output is uncontroversial. However, the repercussions are notably harsher and longer lasting in these regions than in most others, as we show in a chapter of our latest Regional Economic Outlook for the Middle East and Central Asia.
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Sidelined in Gaza war, Hezbollah fighters yearn for victory over Israel
About 330 fighters have been killed across southern Lebanon since Iran-backed Hezbollah escalated its conflict with Israel to support Palestinian Hamas militants, who attacked from Gaza last Oct. 7. Hezbollah has signaled it will stop its campaign if Israel ends its Gaza offensive.
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Opinion: Netanyahu fighting Biden’s plan to end the war bodes ill for the ‘special relationship’
Mr Biden appealed to ordinary and elite Israelis for help. “I know there are those in Israel who will not agree with this plan and will call for the war to continue indefinitely,” Mr Biden stated, adding that “some are even in the government coalition”. This invited casual observers to assume he was referring to Jewish supremacists such as Finance Minister Bezalel Smotrich and National Security Minister Itamar Ben-Gvir.
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Saudi’s National Building awarded $93.3 million Contract for Residential Units in Riyadh
National Building and Marketing Co. (NBM), Saudi Arabia announces the signing of a contract worth SAR 350 million for constructing villas and residential apartments (Granada Riyadh Project) with Al-Fayzia Real Estate Development Co. As part of the contract, the company will carry out the infrastructure and superstructure works, construct, finish, implement and supply all project building materials, administrative follow-up and implementation of all related services until the project is ready for investment.
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Saudi new mortgage approvals rebound
Yet last year’s total number of new mortgage approvals – 102,583 – was less than half the 2020 peak of 225,073 and the lowest since 2018, data from the Saudi Arabian Monetary Agency (Sama) shows, as soaring interest rates deterred borrowers. Now, though, there are signs of increasing demand. In March and April combined, 17,405 new residential mortgages worth an aggregate SAR12.9 billion ($3.5 billion) were sold in the kingdom, up 18 and 14 percent respectively on the figures for the prior-year period.
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Jordan makes biggest drugs bust in years at Saudi border
Jordan has foiled two plots to smuggle millions of captagon pills through a border post to Saudi Arabia, the biggest seizure in years of drugs bound for lucrative Gulf markets from what Jordanian security officials say are Syria-based gangs with ties to Iran.The haul was discovered hidden in a shipment of construction vehicles at the Omari crossing in Jordan's eastern desert before it was due to enter Saudi Arabia, officials told Reuters on Wednesday.
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2023-24 Roshn Saudi League – in record-breaking numbers
The recently concluded 2023-24 Roshn Saudi League was one for the history books, with a slew of records tumbling and new benchmarks set. Al Hilal were rampant title winners, Cristiano Ronaldo showed once more why for many he is considered the greatest of all time, while the rapidly growing league encouraged more fans to attend in person and, at the same time, reached a bigger worldwide audience than ever before.
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What will it take to make the MENA region a renewable energy powerhouse?
At a time of rapid growth in renewable energies such as solar and wind, it would be easy to write off the region (as some are doing) as a waning power, both in terms of energy and geopolitics. After all, how good can the outlook be for petrostates in a world focused on moving to net-zero emissions? In our view, the opposite is true: the region is well placed to become not just a major source of renewable energy, but also a central and indispensable player in the global energy transition, uniquely able to balance supply and demand for all types of energy, both hydrocarbons, and renewables.
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