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Is the Saudi Health Ministry Failing to Meet Targets?
- October 27,2014
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- SUSTG Team
Saudi Arabia is in danger of failing to meet crucial targets set out in the Kingdom’s ninth development plan for 2010 to 2014, according to a post published in the Saudi Gazette, based on information from the Arabic-language Al-Eqtisadiah. “With only two months left until the end of 2014, the ministry is far from reaching […]
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#FocusKSA: What to Expect from the Opening of the Saudi Stock Market: Fahad al-Turki of Jadwa Investment
- October 24,2014
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- Richard Wilson
In part 2 of our FocusKSA conversation with Dr. Fahad al-Turki, Head of Research for Jadwa Investment, discusses what to expect from the opening of the Saudi stock market to foreigners in 2015. Jadwa is a well-regarded, Shariah-compliant, investment firm based in Riyadh and Dr. Fahad spearheads a superb analysis team that publishes very informative reports […]
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Cracking the Online Payments Puzzle in MENA
- October 20,2014
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- Khaldoon Tabaza
Online payments have been at the center of electronic commerce challenges in the Middle East and North Africa since the first regional e-commerce sites came online. In many cases, they’ve kept both investors and founders worried about venturing into e-commerce businesses, and prevented many consumers from enjoying the benefits. Research shows that 47% of people […]
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Body of Saudi Student in the USA Abdullah Abdullatif Alkadi Found in California Desert
- October 19,2014
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- Lucien Zeigler
Saudi students in the USA and others on social media are mourning Abdullah Abdullatif Alkadi, whose body was found in Palm Desert, California alongside a freeway more than a month after he disappeared. The 23 year old California State University, Northridge student was an electrical engineering student on the King Abdullah Scholarship Program. His brother […]
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Saudi FM Says Iran is ‘Part of the Problem and Not Part of the Solution’ in Regional Conflicts as KSA Diplomatic Activity Increases
- October 13,2014
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- Lucien Zeigler
The Kingdom of Saudi Arabia had an active start to the week for its regional policy as the Emir of Qatar and Germany’s Foreign Minister were in Jeddah to meet with Saudi officials. Qatar’s Emir Sheikh Tamim bin Hamad al-Thani met with King Abdullah at his palace on the Red Sea, while Prince Saud al-Faisal met […]
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Saudi Aramco: Not Your Ordinary NOC
- October 8,2014
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- Richard Wilson
Last month Saudi Aramco opened a 50,000 square foot, state-of-the-art research center in Houston that Saudi Aramco President and CEO, Khalid Al-Falih called, “an upstream research center like no other.” It will be an extension of Saudi Aramco’s Exploration and Petroleum Engineering Center’s Advanced Research Center (EXPEC ARC) and it’s Research and Development Center both […]
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At C3 US-Arab Business Summit in New York, Experts Discuss Opportunities
- October 8,2014
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- SUSTG Team
On Monday, business and government officials gathered in New York City for the C3 U.S.-Arab Business Summit to discuss opportunities and key issues to the region. In his Keynote address, UAE Businessman Khalaf Ahmad Al Habtoor, Chairman of the Al Habtoor Group, discussed his path to success and how he built his business empire over […]
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‘Sigh of Relief’ as Saudi Arabia Secures Hajj from Disease, Violence
- October 6,2014
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- Lucien Zeigler
Saudi Arabia’s management of the largest annual human migration on the planet is closely watched due to the importance of the rite in the Islamic religion, the participation of Muslims from around the globe and the immense logistical complexities of the event. This year’s Hajj was exceptionally challenging for authorities with a trifecta of serious threats […]
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Lockheed, Raytheon Sell ‘Worlds Most Advanced’ Patriot Missile System to Saudi Arabia for $1.7b
- October 2,2014
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- SUSTG Team
U.S. defense contractors Lockheed Martin and Raytheon are the lead contractors in the proposed $1.7b sale of the Patriot Advanced Capability-3 (PAC-3) Missile system to Saudi Arabia, following a request for approval by the Pentagon. The development is the latest in recent weeks indicating a strengthening of U.S.-Saudi ties as the two countries coordinate security efforts to counter […]
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Why MNCs Must Localize their Saudi Business
- October 2,2014
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- Matthew Spivack
Saudi Arabia is one of Europe, Middle East and Africa’s (EMEA) top emerging markets, but it is on an unsustainable growth path that threatens long-term prosperity. In addressing this problem through economic diversification, the government will increasingly push multi-national corporations (MNC) to localize their presence or risk being shut out of the market. Success for […]
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MUST-READS
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Refugee Crisis: EUTurkey says hopeful for migrant deal with EU leaders
Turkey's prime minister raised hopes of a deal with EU leaders on Friday to help stem the influx of migrants into Europe, but France and Germany warned of difficult talks as both sides grapple with how to send refugees back from Greece.
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TurkeyTurkey Presses for EU Concessions as Price for Refugee Halt
Turkey wants three things in return for stopping the transit of refugees from the Middle East to the European Union: money, a quicker path toward joining the EU, and the no-questions-asked right of Turks to travel to Europe.
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Soccer PoliticsSaudis, Iranians set for neutral soccer venues
Teams from Saudi Arabia and Iran will meet in neutral venues for AFC Champions League clashes, having failed to resolve their political differences ahead of a deadline set by Asian football's governing body.
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MENA EconomiesThe Coming Petroleum Revenues Crisis in the MENA
Only a few of the wealthiest petroleum monarchies have made serious efforts to deal with these underlying causes, and their efforts have at best had moderate success.
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Refugee Crisis: EUEU welcomes bold Turkey plan to stop migrants, defers decision
European Union leaders welcomed Turkey's offer on Monday to take back all migrants who cross into Europe from its soil and agreed in principle to Ankara's demands for more money, faster EU membership talks and quicker visa-free travel in return.
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Entrepreneurship in Saudi ArabiaUAE and Saudi Arabia have some of ‘world’s youngest successful entrepreneurs’
The survey found that 63 per cent of people who own a business with a turnover of more than US$6.5 million and have a personal wealth of more than $250,000 in the two countries are under 35 – what the bank calls “millennial entrepreneurs”.
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Iranian OilIran Oil Lands in Europe for First Time Since Sanctions End
The Monte Toledo oil tanker covered the uneventful voyage from Iran to Europe with a haul of 1 million barrels of crude in just 17 days, but its journey has been four years in the making.
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Settlement GoodsGrapes of Wrath: Israel’s Settlement Wineries Fight Back Against EU Labels
The labeling is mandatory on fruit, vegetables and wine—bottles made in Jewish outposts must now carry the term “Israeli settlement” in brackets. And that means significant implications for settlement wineries, of which there are at least 30 in the West Bank.
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Saudi-FranceFrance awards Legion d’Honneur to Saudi prince ‘for terror fight’
President Francois Hollande has awarded the Legion d’Honneur, France’s highest honour, to visiting Saudi crown prince Mohammed bin Nayef.
- Defense News - Saudi Says It Will Take French Arms Bound for Lebanon
- Arab News - Joint communiqué reaffirms strong Saudi-French relations
- DW - France honors Saudi crown prince Mohammed bin Nayef with highest award
- Asharq Al-Awsat - The Golden Age for Saudi-French Relationships
- Saudi Gazette - Saudi-French views identical on most issues, stresses Jubeir
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Saudi Women EntrepreneursHow Falling Oil Prices Helped Spark A Revolution Of “Accidental Entrepreneurs”
Private businesses in Saudi with no ties to the government had started to boom, and women were starting to participate in what are called HBB, or home-based businesses, ones that are run from entrepreneurs' homes.
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