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Jeddah Cell Connected to ISIS Busted after Two Saudis Blow Themselves Up During Raid
- January 25,2017
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- SUSTG Team
Saudi Arabia has busted a large terror cell after two Saudis blew themselves up during a gun battle in Jeddah, the Kingdom’s second-largest city. In addition to the two dead, 16 suspected terrorists have been arrested, including three Saudis and 13 Pakistani nationals, according to the Saudi Gazette. The Kingdom has also named the two […]
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Russia Takes Title of Top Oil Supplier to China for the First Time Ever in 2016; Unseats Saudi Arabia
- January 23,2017
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- SUSTG Team
Russia overtook Saudi Arabia as China’s top oil supplier last year for the first time ever amid the ongoing battle for market share in the world’s biggest energy market, Bloomberg reports. The recent takeover as top supplier to China comes as analysts parse comments made by Saudi Arabia’s Minister of Energy and Natural Resources Khalid al-Falih […]
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U.S. Chamber of Commerce Brings Global Initiative on Health and Economy to Saudi Arabia
- December 21,2016
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- SUSTG Team
A delegation from the U.S. Chamber of Commerce recently traveled to Saudi Arabia as part of an initiative aimed at promoting healthy living as a way to achieve a thriving economy. The U.S. Chamber’s Global Initiative on Health and Economy works to promote health as an economic asset around the world. This month, representatives from the […]
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Saudi Housing Authorities to Set Up Online Portal to Increase Transparency and Resolve Renter, Landlord Disputes
- December 20,2016
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- SUSTG Team
Saudi Arabia plans to set up a center to resolve disputes between tenants and landlords as authorities look to reform and modernize the way property is bought, sold, and leased in Saudi Arabia. According to the English language daily Saudi Gazette, the Saudi housing ministry plans to establish the “Center for Real Estate Dispute Redressal,” which will […]
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Saudi Arabia Replaces Labor Minister, Appoints 30 Women to Shoura Council
- December 5,2016
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- SUSTG Team
Saudi King Salman appointed a new Minister of Labor on Sunday and appointed 30 women to the Shoura council as the Kingdom seeks to turn short term economic pain into long term stability and diversification with its Vision 2030 policy. Dr. Ali bin Nasser al-Afis (also spelled Ali bin Nasser al-Ghafis) is the new Minister, replacing Dr. Mufrej […]
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Saudi Prince Alwaleed bin Talal: ‘Stop the Debate…It’s Time for Women to Drive’ in Saudi Arabia
- November 30,2016
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- Lucien Zeigler
In a 4-page essay entitled, “It’s High Time Women Started Driving Their Cars,” billionaire Saudi businessman Prince Alwaleed bin Talal urged an end to the debate about women’s driving in Saudi Arabia. The essay is as much a short treatise on modern Saudi feminism and the progress of women’s rights in the Kingdom as it […]
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Trump’s Complex Global Business Interests Could Present Problems for President-Elect
- November 22,2016
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- SUSTG Team
President-elect Donald Trump’s complex business dealings before and during his candidacy for the office, and now after his victory on November 8th, continue to draw scrutiny from the media and elected officials in the United States. The president-elect has drawn additional attention for his initial meetings with world leaders that apparently mix his business and family […]
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Government Makes Payments to Construction Companies as MMG Sends Letter to Deputy Crown Prince Warning of Operations Halt
- November 21,2016
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- SUSTG Team
Saudi Arabia has reportedly made good on $10.7 billion that it owed to private sector companies, according to Arab News, but one construction firm said on Monday that it wrote directly to the Deputy Crown Prince warning it may need to cease operations. Mohammad Al Mojil Group (MMG) said in a short statement through Saudi […]
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Three New Ventures by MiSK to Boost Innovation, Training and Investment
- November 18,2016
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- SUSTG Team
Deputy Crown Prince Mohammed bin Salman’s MiSK Foundation launched three new strategic ventures in Riyadh aimed “at comprehensively building the skills, knowledge and capability for economic growth within the Saudi Arabian tech sector,” Reuters and the Saudi Gazette reports. MiSK Academy, MiSK Technovation and MiSK Booster mark a significant new development in the foundation’s work to empower, […]
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Two-Day MiSK Global Forum in Riyadh Showcases Ideas of Innovation And Global Culture to Empower Youth
- November 15,2016
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- SUSTG Team
The MiSK Foundation under the sponsorship of Deputy Crown Prince Mohammed bin Salman launched today a major two-day forum in Riyadh that focuses on entrepreneurship and innovation issues. Over 75 prominent speakers include Cisco Chairman John Chambers, Emirati Minister Of Youth Shamma Almazrui, CEO of KAEC Fahd Al-Rasheed, Vice President of the Women’s Affairs at the […]
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MUST-READS
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National Businesswomen's Conference 2015Saudi businesswomen to devise success strategy
Asked about highlights of the business conference, Omairah bint Abdul Raheem, a businesswoman, said that the event would focus on new investment regulations, regulatory provisions of government agencies and developing skills of women in the workforce.
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SocietySaudi businesswoman arrested for mixed-sex event
Saudi authorities allege she “lied to government agencies” by turning what was supposed to be a simple dinner into a concert, for which she sold tickets, Okaz reported.
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Doing Business: EBRD ReportObstacles to business in Jordan, Egypt, Morocco and Tunisia
The EBRD’s analysis focuses on the four countries where the Bank works in the EBRD’s southern and eastern Mediterranean (SEMED) region: Jordan, Egypt, Morocco and Tunisia. Political instability was among the top five concerns in all four countries, and was the biggest concern in Egypt and Tunisia.
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Saudi-UKBritish royal castle renames woodland after Saudi businessman
Castle Mey was previously owned by the late Queen Elizabeth, The Queen Mother. Mahfouz made the donation to The Queen Elizabeth Castle of Mey Trust and his generosity will also see the erection of six benches around the castle’s grounds, with plaques bearing the names of his family.
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EntrepreneurshipSaudi youths overcome their fears, launch own businesses
Many new young graduates are no longer relying on government jobs as the only path to career success, as many have overcome their fears and societal expectations to launch their own profitable businesses in various technical and creative fields.
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Saudi EconomySaudi Arabia sees moderate business cycle in 2015, 2016
The Kingdom of Saudi Arabia will face a moderate business cycle during 2015 and 2016, growing around 3% in real terms, the National Commercial Bank said in its “Saudi Economic Review” this month.
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SME DevelopmentAre MENA’s SME business reforms doing enough?
According to the World Bank’s annual Doing Business Report, since 2008 MENA governments passed 200 business reforms, the majority of which - 173, or 87 percent - had a positive effect (at least on paper) on the business environment.
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Iran Negotiations: IRGCWhy Iran’s Revolutionary Guard backs a nuclear deal: It’s just business
So why, as negotiators from Iran and the P5+1 powers near a June 30 deadline to agree on easing the sanctions in return for limits on the nuclear program, is the Guard supporting an emerging deal?
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Business in the Middle EastThe Middle East business trap: From buying brands to creating them
It’s time for the region to move from this triple-A to the two big B’s: Building sustainable companies and then Branding them for global growth.
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Business in DubaiDubai ruler issues decree to pardon defaulted businesses
Dubai's ruler has issued a decree pardoning and reducing fines imposed on companies which have failed to renew their business licenses, according to a press release issued by the Government of Dubai Media Office.
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