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Saudi Arabia’s Bond With U.S. ‘Goes Beyond Energy’
- May 21,2012
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- Lucien Zeigler
The U.S. and Saudi Arabia have a close relationship with a bond “that goes far beyond energy,” Saudi Oil Minister Ali al-Naimi said. The minister told graduates during his commencement speech at Lehigh University in Bethlehem, Pennsylvania, that “We seek together a world of greater understanding, mutual tolerance, and respect for human dignity and personal […]
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Saudi Women Tackle Everest to Advance Breast Cancer Awareness
- May 19,2012
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- SUSTG Team
To the ten Saudi women attempting a punishing ascent to a major milestone on the world’s highest peak, the dangers of reaching the Mount Everest base camp are no match for their cause. As a part of an ever-growing effort in Saudi Arabia, the campaign, “A Woman’s Journey: Destination Mount Everest,” intends to raise awareness […]
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Statement on the Temporary Ban on Beef Imports from the U.S. to Saudi
- May 18,2012
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- Lucien Zeigler
The Saudi Food & Drug Authority has issued a temporary ban on beef imported to Saudi Arabia from the United States. On May 2, 2012, the Saudi FDA issued decision 33/90 preventing the import of all beef products from the U.S. due to a confirmed case of BSE, bovine spongiform encephalopathy.
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The Surprising $100 Billion Solar Investment
- May 16,2012
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- SUSTG Team
If you thought Germany and California were aggressively trying to add solar power to the grid, the oil state of Saudi Arabia is giving both of them a run for their money with recent plans to enter the solar market. The country is looking for investors in a $109 billion plan to build 41 GW […]
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Effat University on the Forefront of Change in Saudi Arabia
- May 16,2012
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- SUSTG Team
I was also impressed to see Effat graduating a quarter of its students from its College of Engineering, which it established in partnership with Duke University’s Pratt School of Engineering. When I first visited Effat seven years ago, it was still in the early stages of establishing engineering as a degree, a first for women […]
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Saudi Arabia’s First Female Director Brings ‘Wadjda’ to Cannes
- May 15,2012
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- SUSTG Team
Wadjda, the first-ever film shot in Saudi Arabia, hits the Cannes market as The Match Factory begins pre-sales at Cannes’ Marche du Film on the coming-of-age drama from Haiffa al Mansour, the first female Saudi filmmaker. Haifaa wrote and directed Wadjda, which tells the ordinary but uplifting story of Wadjda, an 11-year-old girl growing up in […]
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Baseball and Saudi Economic Policy
- May 15,2012
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- Richard Wilson
Dr. Muhammad Al-Jasser, Minister of Economy and Planning, recently spoke to the Young Businessmen’s Committee of the Riyadh Chamber of Commerce and Industry. Though the setting would appear innocuous, Dr. Al-Jasser’s remarks were not. The theme was the Future Vision of the Saudi Economy and they are worth reading in full.
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Opening the TASI: What You Need to Know
- May 15,2012
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- Hussein Abusaaq
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 […]
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Seven years of prosperity and development
- May 14,2012
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- SUSTG Team
Saudi Arabia will mark the seventh anniversary of Custodian of the Two Holy Mosques King Abdullah’s accession to the Saudi throne on May 17 with a variety of programs highlighting the remarkable progress achieved by the Kingdom in education, health, industry, agriculture and other sectors under his wise leadership. King Abdullah’s announcement at the Shoura […]
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Saudi Perspective on the Middle East: Obaid
- May 14,2012
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- SUSTG Team
In this SUSRIS exclusive presentation, the “Saudi Perspective on the Middle East: The View from Riyadh” assessment provides: the background and context for Saudi diplomacy — assets and characteristics; economic and energy data; sources of regional instability; the “New Gulf Union”; profile of Gulf defense configurations; the Kingdom’s role in regional stabilization and its political and […]
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MUST-READS
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One commercial registration is enough for a firm throughout Saudi Arabia
The law facilitated the conduct of commercial business by canceling the issuance of sub-registrations for companies and establishments, and then sufficing with one commercial register at the Kingdom level, including all the activities of the establishment, which contributes to reducing the financial burdens on these firms.
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HALO Space to Build Final Assembly Facilities in Saudi Arabia, Prepares for Test Flight
“The decision to establish industrial capabilities like final assembly, testing facilities, a spaceport, and an immersive dome experience in Saudi Arabia reflects the Kingdom’s favourable business environment,” Mira said. “We believe Saudi Arabia is well-positioned to lead the near-space sector, and we’re excited to deepen our partnership as we push forward with our mission.”
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UAE, Saudi consumer spending trends revealed
The eighth edition of the VML Shopper Report was released this week, revealing data-based predictions of how shopping habits will evolve in the years to come. The report surveyed over 30,000 consumers from 20 countries, two of which include the UAE and Saudi Arabia (KSA). The report finds that consumers’ affinity for online shopping has waned globally, with many now craving a more balanced retail landscape. Another key finding is that brick and mortar retail must evolve to offer a better integrated omni-channel shopping experience.
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Saudi Foreign Minister Arrives in Jordan
Prince Faisal bin Farhan, Minister of Foreign Affairs, arrived today in Amman, Jordan, to attend the meeting of the ministerial committee from the Arab-Islamic summit on Gaza Strip developments. The meeting of the ministerial committee in Amman comes to coordinate joint Arab and Islamic efforts during the high-level week of the 79th session of the United Nations General Assembly, which will be held in New York later this month.
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Saudi Arabia will not recognize Israel without Palestinian state, says Crown Prince
Saudi Crown Prince Mohammed bin Salman on Wednesday said that Saudi Arabia would not recognize Israel without a Palestinian state and strongly condemned the “crimes of the Israeli occupation” against the Palestinian people. “The Kingdom will not stop its tireless work towards the establishment of an independent Palestinian state with East Jerusalem as its capital, and we affirm that the Kingdom will not establish diplomatic relations with Israel without that,” the Crown Prince, known as MBS, said.
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UAE President to begin official visit to US on Monday
President His Highness Sheikh Mohamed bin Zayed Al Nahyan will start an official visit to the United States of America on Monday, the first since assuming the Presidency of the UAE.
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Saudi property market grows despite flurry of new units
A combined 27,500 units came onto the market from January to June in Saudi Arabia’s two largest cities, bringing the total residential stock to about 1.5 million units in the capital and to 891,000 in Jeddah, a new report from the real estate consultancy JLL said. Despite this, residential sales prices jumped 10 percent over a year in Riyadh, with rents growing by 9 percent. In Jeddah, prices were up 5 percent and rents up 4 percent over the first half of 2023, the report said.
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Nestlé establishes its first food manufacturing plant in Saudi Arabia
Nestlé agrees plans for its first food manufacturing plant in Saudi Arabia with investment from the Saudi Authority for Industrial Cities and Technology Zones (Modon). The project aims in its initial stages to produce children’s food and launch an automated production line with modern technologies for packaging and filling materials operated by highly skilled and qualified national personnel. The 270 million SAR (US$72 million) investment is intended to boost local food production. The agreement, signed on September 15, 2024, in Riyadh, allocates a 117,000 SQM plot in Jeddah city’s Third Industrial City for the facility.
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Iran Executed at Least 853 People in 2023
At least 853 people were executed in Iran in 2023, according to a report by human rights advocacy group Amnesty International. This is up 170 percent from 2021, when at least 314 people were killed, and marks the highest number of deaths recorded in eight years. These figures are likely low estimates due to the Iranian authorities not publishing such data publicly.
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Iran’s president insists Tehran wants to negotiate over its nuclear program
The comments by President Masoud Pezeshkian, in response to a question by The Associated Press at his first news conference, underlines a campaign promise he made to try to see international sanctions on the Islamic Republic lifted. However, it remains unclear just how much room for negotiation Pezeshkian will have — and just who will be in the White House come next year.
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