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Internet Penetration in Saudi Arabia at 93%, Daily TV Viewership Down 16%
- May 27,2016
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- SUSTG Team
Internet penetration among Saudi nationals is “around 93 percent” but traditional TV viewership is down 16 percent, an indication of the continued rise of online media viewership and the rise of apps in Saudi Arabia, according to a report in the Saudi Gazette. “The increase in data use is also driven by the use of […]
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Comprehensive Document Outlining Saudi Arabia’s Counterterrorism Strategy, Successes Released
- May 26,2016
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- Lucien Zeigler
The Embassy of Saudi Arabia in Washington has distributed a comprehensive document outlining the Kingdom’s efforts to fight terrorism. The detailed publication was distributed to Congress as debate regarding the September 11, 2001 terrorist attacks heat up following the recent unanimous Senate vote to pass the Justice Against Sponsors of Terrorism Act (JASTA) bill. The Kingdom […]
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Report: $7.9 Billion Bid for KAFD by Saudi Arabia’s Public Investment Fund
- May 25,2016
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- SUSTG Team
Saudi Arabia’s Public Investment Fund (PIF) is reported to be prepared to make an offer for the King Abdullah Financial District (KAFD), situated between downtown Riyadh and the city’s King Khalid International Airport. The offer, reported by Bloomberg citing unnamed sources, is 30 billion riyals ($7.9 billion) — the amount already spent on KAFD by the Saudi Public […]
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Mine Kills Saudi Border Guard, Wounds Three Others on Yemen Border as Peace Talks Flail
- May 24,2016
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- SUSTG Team
A Saudi border guard was killed and three others were wounded by a land mine that exploded while on patrol alongside the border with Yemen on Monday, according to reports. According to the Saudi Press Agency, the blast injured the soldiers in Saudi Arabia’s southern Jazan Province on the border with Yemen. Reuters reports that it was not immediately […]
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G.E. Jumps Into Saudi Economic Reforms with $1.4b in Deals, Doubled Workforce
- May 23,2016
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- SUSTG Team
General Electric (G.E.) has won a series of deals in Saudi Arabia worth $1.4 billion and said it would double its workforce in the Kingdom from 2,000 to 4,000 by 2020, according to reports. The deals amount to “support” for Saudi Arabia’s “Vision 2030” reform plan, according to Reuters, and were announced by the company’s […]
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Senate Passes JASTA Despite Stiff Opposition from White House, Saudi Leaders
- May 18,2016
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- SUSTG Team
The Senate on Tuesday passed H.R.3815, also known as the Justice Against Sponsors of Terrorism Act (JASTA), a bill that would allow the families of victims of the Sept. 11, 2001, attacks to sue Saudi Arabia over its alleged support for terrorism, despite stiff opposition from the White House and Saudi leaders. This is the second time […]
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Secretary Kerry Meets with Saudi Leaders in Jeddah Ahead of Crucial Syria Talks
- May 16,2016
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- SUSTG Team
Secretary of State John Kerry travelled to Jeddah, Saudi Arabia to meet with Saudi Arabia’s King Salman and other Saudi officials ahead of critical talks on Syria, according to reports. The Secretary, who also met with Crown Prince Mohammed bin Naif and Foreign Minister Adel Al-Jubeir, “discussed a range of regional issues – Yemen, Libya, […]
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Saudi General’s New Warning on Yemen’s Capital Underscores Importance of Latest U.N.-Backed Peace Talks
- May 12,2016
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- SUSTG Team
The Saudi-led coalition will fight to regain Yemen’s capital city from Houthi rebels if current peace talks backed by the United Nations collapse, according to Saudi Arabia’s Brigadier General Ahmed Asseri, who has been the official spokesman for the Saudi military during the conflict. The threat underscores the importance to Saudi Arabia of bringing a lasting solution to […]
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Graphic: Saudi Arabia Reshuffles Government Leaders, Modifies Ministries
- May 9,2016
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- SUSTG Team
Saudi Arabia’s King Salman issued a Royal Order on Saturday, May 7th, 2016 making changes to the government structure and key leaders. The Royal Order follows the recently released ‘Vision 2030’ economic and development plan to transform the Saudi economy and society into the 21st Century. The full text of the changes as issued by […]
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Mining in Focus for ‘Vision 2030’ as Ma’aden Appoints Health Minister Khalid al-Falih Chairman, Reshuffles Board
- May 2,2016
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- SUSTG Team
Saudi Arabia’s ‘Vision 2030’ plan to diversify its economy identifies the mining and minerals sector as one of the top non-oil growth sectors for the Kingdom. Days after the Vision 2030 plan was announced the Saudi Public Investment Fund (PIF) reshuffled the board of the Saudi Arabian Mining Company – known as Ma’aden – and […]
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MUST-READS
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EntrepreneurshipSaudi Arabia launches new service to attract global entrepreneurs
SAGIA says committed to reducing obstacles that may face entrepreneurs in setting up their projects
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King Abdulaziz CenterSaudi mega museum—King Abdulaziz Center in Dhahran—is finally moving ahead
the King Abdulaziz Center for World Culture (known as Ithra) in the Saudi Arabian eastern city of Dhahran is finally getting off the ground. The long-awaited culture hub, which is funded by the Aramco oil conglomerate, should be fully open and operational by the summer.
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Saudi Wheat ImportsRussia Eyes Up Saudi Wheat Market Dominated by EU Supplies
Saudi Arabia, the world’s largest importer of barley, ranks in the top 20 for wheat. It initially didn’t impose bug damage limits when starting wheat imports a decade ago, but quickly became wary of Russian cargoes after a now-defunct trading house supplied grain spoiled by weevils, according to traders who participate in Saudi deals. That prompted strict rules that have largely sidelined Russian wheat.
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JerusalemNetanyahu urges EU leaders to wait for US Middle East peace plan
It comes after US president Donald Trump recognised Jerusalem as the capital of Israel on Wednesday last week — a move that prompted Jordanian MPs on Sunday night to task a parliamentary committee with reviewing the country's peace treaty with Israel
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JerusalemEU’s Federica Mogherini rebuffs Netanyahu on Jerusalem
The EU's foreign policy chief says there is "full EU unity" in support of Jerusalem becoming the capital of both Israel and a future Palestinian state.
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U.S.-Saudi RelationsMoveable feast of US-Saudi art to open in Brooklyn Museum
Back in 2014, a group of Arab artists set forth on a Saudi-funded mission to drive a motorhome along the highways of America and bring a taste of Middle Eastern culture and creativity to its big cities and rural backwaters.
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Investment AttitudesMideast funds positive on Saudi Arabia after corruption crackdown: Reuters poll
Middle East fund managers have become more positive toward Saudi Arabian equities after authorities launched a sweeping crackdown on corruption, a monthly Reuters poll showed on Thursday. Forty-six percent of funds now expect to raise their allocations to the Saudi stock market in the next three months and none to reduce them, according to the poll of 13 leading managers, conducted over the past week.)
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Video AnalyticsThis Egyptian Entrepreneur Is Spreading Video Analytics In The Middle East
Brands around the world are increasingly using online video ads and branded content to reach audiences—and they want to understand how their content is performing. Global expenditures on online video advertising is forecast to grow by 23% in 2017 to $27.2 billion, up from $22.2 billion last year, according to U.K.-based marketing and advertising firm Zenith’s Online Video Forecasts report.
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EntrepreneursSaudi Arabia offers trading licenses for foreign entrepreneurs
The initiative, announced Wednesday by several Saudi regulators, will enable select businesses to establish themselves in the King Abdullah Economic City (KAEC). The KAEC is the world's first publicly listed city and was established by the late King Abdullah bin Abdulaziz Al Saud in 2005.
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Shake up in SaudiPerspective: ‘Good News’ Lurks Beneath Saudi Shakeup
There are problems the Kingdom needs to address, but imagine someone asking a few years ago how we would react if we had a Saudi leadership that publicly called for a “moderate form” of Islam, granted women the right to drive, announced a corruption campaign that targeted royals and senior officials, championed an unprecedented modernization effort that tried to provide employment outside the oil sector, and simultaneously pushed back on Iran and its surrogates?
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