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Recent stories from sustg

  • Smartphone Generation: The Overnight Mobile Internet Revolution in the MENA Region
     

    What is the single indicator related to the online market opportunity in the United Arab Emirates and Saudi Arabia that beats all other developed and developing countries? Just take a look at people in coffee shops, malls, or even at family gatherings, you’ll notice immediately that everyone has a smartphone. To be specific, 74% of […]

     
  • Legalized Drifting: 4-Round Saudi Car Drift to Begin Al-Ahsa
     

    At long last, one Saudi will be able to claim to be the best drifter in the Kingdom. The Saudi Star Drift Championship kicks off this month for the first time, and will be supervised by the Saudi Arabian Motor Federation. The series will take an otherwise illegal but popular hobby in Saudi Arabia and make it […]

     
  • #FocusKSA: Saudi Student Turned Entrepreneur Walid Abdulwahab On His Experiences Running a Successful Business in the U.S.
     

    In the latest FocusKSA discussion, Saudi-US Trade Group President, Richard Wilson, spoke with Walid Abdulwahab, a recent graduate of the University of Southern California and Founder and CEO of Desert Farms, which produces, markets and sells camel milk and camel milk products to a growing list of U.S. retail outlets.  Walid discusses his background, academic experience […]

     
  • SUSRIS: Saudi Oil Production “Crucial” to EIA 2015 Forecast
     

    “Changes in the forecast of Saudi Arabian oil production are crucial to the revised outlook and a major source of uncertainty in the year ahead. Saudi Arabia has indicated interest in preserving market share rather than unilaterally carrying the burden of cutting production to balance the global oil market. In addition to numerous statements by […]

     
  • #SaudiTBT: King Faisal Bin Abdulaziz al-Saud on the Tarmac of Le Bourget Airport in Paris, 1939
     

    Returning in March 1939 from the London Conference (St. James Palace Conference) which attempted to negotiate an agreement between Jews and Arabs in Palestine, Faisal Bin Abdulaziz Al-Saud stands on the tarmac of Le Bourget Airport in Paris, France with members of his delegation.  Among other issues, the London Conference was unable to resolve the matter of […]

     
  • Jadwa Investment’s November 2014 Saudi Chartbook finds Bank Lending to Private Sector Year-on-Year Highs
     

    Jadwa’s November 2014 Chartbook shows bank lending to the private sector recorded its highest year-on-year growth at 13.2 percent and noted that economic data was positive for September. “Bank lending to the private sector recorded its highest year-on-year growth at 13.2 percent, the highest since November 2013,” Jadwa Investment said, noting that generally “economic data was […]

     
  • Khoja Out as Information Minister, Replacement Named
     

    Saudi Arabia’s King Abdullah relieved Culture and Information Minister Abdul Aziz Khoja of his post by royal decree and replaced him with Bandar bin Mohammed Asaad Hajjar, an economist and Saudi Arabia’s Hajj Minister.  Although an Arab News headline said that Culture and Information Minister Abdul Aziz Khoja “quit,” media outlets are speculating that the Khoja was actually […]

     
  • Hamad Bin Nasser’s Classic Cars on Display in Qassim
     

    Hamad Bin Nasser is a fan of classic cars. The Saudi recently paid over $100,000 for a rare car from a collector in the United States, built in 1899.  Even the Emir of Qassim has visited his museum where the cars are viewable to automotive fans. The Saudi Press Agency recently posted photos of the […]

     
  • The Best SPA Photos from October 2014
     

    In the September edition of the best photos from the Saudi Press Agency, a dazzling performance from Saudi security forces, infrastructure in the Kingdom, ancient woodworking and more.

     
  • Video: Full Keynote Address by HRH Prince Turki Al Faisal at the 2014 AUSPC
     

    Prince Turki al-Faisal’s remarks to the 23nd Annual Arab-U.S. Policymakers Conference, entitled, “Framing and Charting the Region’s Issues, Interests, Challenges, and Opportunities: Implications for Arab and U.S. Policies” Saudi Arabia’s Prince Turki al-Faisal is Chairman, King Faisal Center for Research and Islamic Studies, Riyadh, Saudi Arabia and former Saudi Arabian Ambassador to the United Kingdom and to […]

     

MUST-READS

  • Distressed companies on rise in Saudi Arabia and UAE, study says

    The number of distressed companies in the UAE and Saudi Arabia has increased by almost 9 percent in the past year, with the sectors most at risk including chemicals, commodities and specialised retail. Concerns also surround the consumer-facing food and beverage industry in both countries, according to a report from consultancy Alvarez & Marsal. A&M defines distressed companies as those that have “significant” deficits in terms of both their financial and earnings situation.

  • Surviving Scarcity: Water and the Future of the Middle East

    Decades of poor water management, exploding populations, and rising temperatures have degraded the region’s land and sapped its limited water supplies. The region’s famous waterways are disappearing before our very eyes. Once-roaring rivers have been reduced to trickles that can easily be crossed on foot.

  • Saudi Cabinet approves fundraising law

    Minister of State, Member of the Cabinet and Acting Minister of Media Dr. Essam bin Saad bin Saeed said in a statement to the Saudi Press Agency that the Cabinet discussed cooperation and joint work with various countries and organizations, carried out to enhance the Kingdom's position, and its regional and international role, as well as to serve common interests, and support stability and prosperity in the region and beyond.

  • Saudi Aramco ‘confident’ in its oil demand growth forecasts

    Saudi Aramco maintained its medium- and long-term demand forecasts on Aug. 6, with 52% of crude oil production output used in refining and other downstream operations in the second quarter of 2024.

  • Saudi Arabia announces key Labor Law amendments to improve work environment

    The Ministry of Human Resources and Social Development stated that the new amendments encompass 38 articles, deleting seven articles, and adding two new articles to the Labor Law. These amendments are in line with the Saudi employment market strategy as well as international agreements ratified by the Kingdom. The ministry said that the new amendments will be effective after 180 days from the date of their publication in the official Gazette.

  • British police brace for anti-Muslim riots and counter protests

    British police braced for further anti-Muslim riots on Wednesday as far-right groups planned to target asylum centres and immigration law firms across the country, prompting anti-fascist protesters to organise counter demonstrations. Britain has been gripped by an escalating wave of violence that erupted early last week when three young girls were killed in a knife attack in northwest England, triggering a wave of false messaging online that wrongly identified the suspected killer as an Islamist migrant.

  • Hamas names Oct 7 mastermind Sinwar as leader after Haniyeh assassination

     Hamas named its Gaza leader Yahya Sinwar as successor to former political chief Ismail Haniyeh, who was assassinated in Tehran last week, the group said on Tuesday, in a move that reinforces the radical path pursued since the Oct. 7 attack on Israel. Sinwar, the architect of the most devastating attack on Israel in decades, has been in hiding in Gaza, defying Israeli attempts to kill him since the start of the war.

  • Aramco to become majority shareholder in Petro Rabigh, an integrated refining and petrochemical complex in Saudi Arabia

    Aramco, one of the world’s leading integrated energy and chemicals companies, has signed a definitive agreement to acquire an additional stake of approximately 22.5% in Rabigh Refining and Petrochemical Co. (“Petro Rabigh”), the refining and petrochemical complex located on the Kingdom of Saudi Arabia’s west coast, from Sumitomo Chemical for $702 million.

  • Saudi delivery drivers bake in ‘deadly’ summer heat

    Gulping a bottle of cold water as the mercury neared 50 degrees Celsius (122 degrees Fahrenheit), the motorcycle driver said he was well aware the Gulf kingdom's harsh summer heat could be fatal. Yet only by pushing through and filling the daily blitz of food orders will he earn enough money to send something back home, his main reason for coming to Saudi Arabia in the first place.

  • Saudi Aramco’s Production Policy Is Weighing on Its Stock Price

    The report noted, however, that Aramco is a very different company from either Exxon or Shell because it is still majority-owned by the Saudi state, which can direct corporate strategy and is indeed doing just that. It’s worth noting that from a certain perspective, Aramco’s production cuts helped keep prices above a certain level, helping Exxon, Shell, and the rest of Big Oil keep posting higher results.