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Recent stories from sustg
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A Kingdom’s Thirst: The Saudi Water Challenge
- March 29,2013
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- Lucien Zeigler
It’s no secret that Saudi Arabia is a dry place in a particularly arid region of the world. The dearth of water resources in the Kingdom is among its foremost challenges, with some estimates predicting full depletion by 2050 if nothing is done.
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The Saudis on the ‘Arabian Business’ Power 500 List
- March 29,2013
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- Lucien Zeigler
The ArabianBusiness.com ‘World’s 500 Most Influential Arabs’ list for 2013 was released this week with the revelation that Saudi Arabia’s Prince Alwaleed bin Talal had topped the list for the 9th consecutive year. Although an impressive feat, there are 31 other Saudis on the list doing some amazing things in business, culture, the media and […]
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Twitter Use Booms in Saudi Arabia: Infographic
- March 23,2013
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- Lucien Zeigler
Bit.ly, a link-tracking service company, published a comprehensive look at global social media use, which found that Saudi Arabia is rapidly embracing Twitter. “In this country, most of the social sharing happens on facebook and twitter, but what about in the rest of the world?” bit.ly asks on its company blog. The findings detail the number of […]
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Unusual Video Footage Shows Saudi Arabia’s Grand Mosque Under Construction
- March 21,2013
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- Lucien Zeigler
Amazing footage of the ongoing construction at Mecca’s Grand Mosque surfaced on Facebook, showing the large-scale reconstructive efforts at the holy site in Saudi Arabia. The video, shot from what looks like a crane, shows worshippers circling the Kaaba with construction efforts ongoing at the mataf expansion not far away. The amateur footage shows the […]
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We’re here, can we come in? TASI and foreign investors
- March 20,2013
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- Richard Wilson
The figurative lobby to the Tadawul All Shares Index (TASI), Saudi Arabia’s stock market, is filling up with eager investors. Intrigued by the $387 billion Saudi stock market (three times the UAE bourses combined) and the $727 billion Saudi economy, many of them think… Brazil; whose fully accessible stock market’s capitalization exceeds $1 trillion. While […]
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Saudi Youth Filmmaking on the Rise
- March 12,2013
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- SUSTG Team
Social media continues to catalyze Saudi Arabia in unpredictable ways. Fatima Al-Arjan takes a look at the rise of video blogging ‘vloggers.’ Short videos – some 36 seconds at maximum – have proliferated. While sometimes a platform for controversial posts, like many on-line communities, this one seems to be maturing. In a related item, female […]
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Saudi youth, the issue of unemployment and work ethic
- March 10,2013
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- SUSTG Team
Abdulateef Al-Mulhim is a well-known Saudi commentator who is appreciated – at least here at SUSTG – for his willingness to take on sensitive topics and provide his particular perspective. In this item he addresses the work ethic of young Saudis, a subject of much debate. Not surprisingly, there are numerous facets to the discussion […]
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Oil Exports, Politics and Propaganda
- January 18,2013
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- SUSTG Team
Last month, the US mainstream media barraged us with simplistic reports about how the US will soon be producing more oil than Saudi Arabia—making America the world’s top producer. Left out of this story was the fact that the math was a bit skewed: the US may end up producing more total hydrocarbons than Saudi […]
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Abu Dhabi Buzzes On Eve of World Future Energy Summit ‘13
- January 14,2013
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- Lucien Zeigler
World Leaders, Luminaries, Companies and Businessmen Descend on Abu Dhabi For the 6th edition of the World’s Largest Renewable Energy Conference and Exhibition [Abu Dhabi] – This week, world leaders, government officials and delegations, business executives, academics, engineers, scientists and many more will converge for the World Future Energy Summit 2013, part of Abu Dhabi’s […]
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Al-Assaf, Al-Rabiah Headline Important Private Sector Initiative in Riyadh
- January 14,2013
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- Lucien Zeigler
The high-level meeting, an ambitious private sector initiative, addressed joint Arab action agendas, with 21 proposals of developmental projects discussed. Saudi Finance Minister Ibrahim Al-Assaf and Commerce Minister Tawfig Al Rabiah headlined this important event in Riyadh, which was widely discussed on Social Media sites and in the general media.
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MUST-READS
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PIF backing proposed $5 billion basketball league
Saudi Arabia's sovereign wealth fund has been named as a strategic partner to a group of investors looking to create a new basketball league that will span Asia and Europe to one day rival the NBA, with Swiss bank UBS serving as an advisor. The Financial Times reported Friday that the $5 billion competition plans to create six men's teams and six women's teams that will compete in eight host cities. Macau and Singapore are set to be hosts, while organisers are also looking for European venues. The league hopes to lure top players from around the world, especially Europe, and give them an alternative to the NBA. Byron Deeter and venture capital firm Quiet Capital are among the investors, with Maverick Carter, NBA great LeBron James's business manager, and Skype co-founder Geoff Prentice also on board.
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Saudi media shifts tone on Israel and Hamas after Trump’s Gaza plan
Saudi media have launched an unprecedented wave of criticism against Israeli Prime Minister Benjamin Netanyahu and US President Donald Trump following their recent remarks on plans for the forced displacement of the Palestinians from Gaza. The reaction has marked a noticeable significant shift in the kingdom's media coverage of Israel and Hamas, which has been picked up on by several pan-Arab outlets. This is significant given that Saudi media is generally seen as towing the government line on key issues and has a record of echoing state foreign policy. What stood out in the official response was the deliberate omission of Netanyahu's official title, with the state-run Al-Ikhbariya channel later confirming that it was intentional. "The name of the state no longer applies to Israel," a commentator on the channel said, reinforcing a stronger Saudi stance following years of talk on normalisation.
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PIF becomes title sponsor of Saudi Ladies International
Saudi Arabia’s Public Investment Fund (PIF) is the new title partner of the renamed PIF Saudi Ladies International, a partnership which also sees the prize money for the tournament being increased to match that offered for the equivalent men’s tournament. The PIF Saudi Ladies International returns February 13-15 at Riyadh Golf Club and will also see a new format with tour professionals taking part in both an individual and team competition. -
Trump says he might meet Putin in Saudi Arabia after call on Ukraine
Trump made the comment a few hours after speaking with Putin in their first publicly disclosed call since Trump took office. Trump said they had agreed on "starting negotiations immediately" to end the war in Ukraine, which is approaching its third anniversary. Speaking to reporters in the Oval Office, Trump floated the idea of meeting Putin in Saudi Arabia, along with the Saudi crown prince. He did not lay out a timeline and said he would deal with Putin on the phone in the meantime. In an interview with the Economist published on Wednesday, Zelensky had said he'd had little contact with Trump's team and raised concerns about "any decision-making" on Ukraine taking place without Kyiv's involvement.
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Trump says he and Putin expect to meet, probably in Saudi Arabia
US President Donald Trump said on Wednesday he did not think it was practical for Ukraine to join NATO and that it was unlikely Ukraine will get back all of its land. Trump discussed the war in Ukraine on Wednesday in phone calls with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy, in the US president’s first big step toward diplomacy in a conflict he has promised to end. Trump said he and Putin expect to meet in the future, probably in Saudi Arabia.
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Secretary Rubio’s Travel to Germany, Israel, Saudi Arabia, and the United Arab Emirates
Secretary of State Marco Rubio will travel to Munich on February 13 to participate in the Munich Security Conference, where he will discuss a range of U.S. priorities with international partners. While in Munich, Secretary Rubio will also participate in the G7 Foreign Ministers’ Meeting. He will then travel to Israel, Saudi Arabia, and the United Arab Emirates from February 15-18. Secretary Rubio’s engagements with senior officials will promote U.S. interests in advancing regional cooperation, stability, and peace. The trip will center on freeing American and all other hostages from Hamas captivity, advancing to Phase II of the ceasefire agreement in Gaza, and countering the destabilizing activities of the Iranian regime and its proxies.
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Syria’s new leaders zero in on Assad’s business barons
Syria's new rulers are combing through the billion-dollar corporate empires of ousted president Bashar al-Assad's allies, and have held talks with some of these tycoons, in what they say is a campaign to root out corruption and illegal activity. After seizing power in December, the Hayat Tahrir al-Sham (HTS) rebel group that now runs Syria pledged to reconstruct the country after 13 years of brutal civil war and abandon a highly-centralized and corrupt economic system where Assad's cronies held sway.
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Why Saudi’s Formula E race has moved – and what its future holds
Saudi Arabia will host Formula E for a seventh time this week, but it'll be the first E-Prix weekend to be held anywhere other than Riyadh as it hits a shortened version of the Jeddah Corniche Formula 1 track. The change has come about through the previous Diriyah street track, rightly lauded for its challenge and complexity, being consumed by rapid development in the area. In fact, the original plan had been for Diriyah to be replaced in 2023 but space and legislative granting was found to ensure two further editions of the races could take place that year and again last season. The building work on various infrastructure projects around the historic Diriyah site was unmissable, and even the residual dust was a talking point as it took several sessions to clean the newly laid track.
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60 Saudi relief trucks cross Hail en route to Syria
Sixty relief trucks crossed Hail region, heading to Syria, as part of the Saudi relief land bridge for the Syrian people, which is operated by the King Salman Center for Relief and Humanitarian Aid (KSrelief). The relief convoy carries food and shelter supplies to alleviate the effects of the difficult conditions that Syrian people are going through. Under the direction of the Emir of Hail Region, Abdulaziz bin Saad, the relief convoy was received jubilantly on the way.
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How LEAP 2025 is Driving AI Investment Across Saudi Arabia
Michael Champion, CEO of Tahaluf, states: “The massive volume of new investments announced on day one builds on the progress made at LEAP and across the Kingdom in previous years, reaffirming Saudi Arabia’s undisputed status as the primary digital accelerator in the Middle East and North Africa.” Arvind Krishna, Chairman & CEO of IBM, took to the stage to predict quantum computing breakthroughs are “three to five years away”, for significant impacts for pharmaceuticals, energy and AI. Quantum computing emerges as a prominent topic of discussion, exploring how this will solve problems rapidly to drive efficiency and innovation.
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