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Recent stories from sustg
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PHOTOS: President Obama’s Second State Visit to Saudi Arabia
President Barack Obama arrived in Riyadh on Friday to meet with Saudi Arabia’s King Abdullah and other officials.
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Why Technical and Vocational Training is an Urgent Need for Saudi Arabia’s Future
Higher education and technical and vocational training are still so far from the requirements of the labor market and specifically in the private sector. Official data show that the proportion of those who enrolled in Saudi universities from high school is the highest in the world – 78% (more than 383,000 students), compared to 56% […]
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A Plea to the Saudi Ministry of Transportation: Save the Lives of Thousands of Saudis
Recently, I received an invitation from Saudi Aramco to deliver a speech in the Eastern Province peninsula town of Ras Tanura, Saudi Arabia. I was welcomed as a member of the Saudi Aramco family, and not just a visitor. This was not my first time delivering a speech for this great company. I decided to […]
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High Performance Government and MILE: Delivering on the Promise of eGovernment
In a country with 185% mobile device penetration and some of the highest levels of Web usage in the world, how do Saudi officials deliver on the promise of eGovernment? Dr. Mohammed Mustafa Mahmoud, CEO of the Madinah Institute for Leadership and Entrepreneurship (MILE), says it’s not an easy task, given the high expectations of […]
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On Saudi Employment, The Numbers Do Not Lie
During the past few weeks the public’s attention has been focused on the labor market, and much has been said about providing jobs for Saudis. There is no doubt that jobs have been created in the past few years, but some figures announced in the media are exaggerated.
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For Saudi Arabia, Change in Fiscal Policy Should Come Sooner than Later
Each year brings the announcement of a new historic budget for Saudi Arabia with an increase in spending higher than its predecessor. In fact, there is nothing permanent in the economy, and there is nothing permanent in government spending. For Saudi Arabia, government spending depends on oil prices, and the continued expansion of the budget is […]
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Restructuring Higher Education in Saudi Arabia
Education in Saudi Arabia is still not sufficient to match the requirements of the labor market, especially for the Saudi private sector. Graduates need the right skills as required by the labor market, and those without these skills who focus on more general social sciences will be at a disadvantage. The answer is not more […]
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Fahad Nazer: You should go see ‘Wadjda’; but for greater insight into Saudi Arabia don’t miss these BBC documentaries
2013 will be remembered as a seminal year in the history of Saudi filmmaking. Haifaa Al Mansour’s “Wadjda” – the first feature length film shot entirely in Saudi Arabia and directed by a Saudi woman – has received critical acclaim and has even generated Oscar buzz as a possible nominee for best foreign language film. […]
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U.S. Exports to the Arab World Jump By 12% to $65.3 Billion
The National U.S.–Arab Chamber of Commerce (NUSACC) reported that, according to data released last month by the U.S. Census Bureau, U.S. goods exports to the Arab world jumped 12 percent to $65.3 billion in 2023.
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Saudi Arabia Transfers 8% of Aramco to Kingdom’s Public Investment Fund
Saudi Arabia has moved a roughly $160 billion stake in its state oil giant Aramco into its main sovereign wealth fund, the Public Investment Fund, according to a report in the Wall Street Journal.
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MUST-READS
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Fresh scrutiny of free speech in Saudi Arabia after brothers’ convictions over tweets
Fresh questions have been raised about the suppression of free speech in Saudi Arabia after the brother of a man facing the death penalty for tweeting to 10 followers was handed a 20-year sentence for largely innocuous tweets. The Saudi crown prince, Mohammed bin Salman, had said Mohammed al-Ghamdi was a victim of “bad laws” after being sentenced to death, yet the crown prince permitted the same laws to be used to sentence Ghamdi’s younger brother, Asaad al-Ghamdi.
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China willing to strengthen trade with Saudi, commerce minister says
China said it is willing to strengthen implementing development strategies with Saudi Arabia, and intensify trade and investment exchanges, its commerce minister said in a statement on Friday. Commerce Minister Wang Wentao held talks on Thursday with the head of affairs on Saudi Arabia's economic cooperation with China, who is also the president of the Saudi sovereign wealth fund Public Investment Fund and chairman of Saudi Aramco.
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Lucid Group gains after its CEO says the Saudi Arabia PIF is the perfect partner
Rawlinson said Lucid's (LCID) advanced technology gives it a selling edge. In terms of capital raises, Rawlinson highlighted that the company will need to raise more money at opportunistic times in the market. He noted the Saudi Arabia Public Investment Fund is the perfect long-term partner for Lucid (LCID) as it looks to ramp up. Rawlinson also noted that the deal with Aston Martin is still strong.
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Biden says Israel-Gaza war should end now and Israel must not occupy Gaza
U.S. President Joe Biden said on Thursday the Israel-Gaza war must end now and Israel must not occupy the enclave after the war, telling reporters his ceasefire framework had been agreed on by both Israel and Hamas but there were still gaps to close. "That framework is now agreed on by both Israel and Hamas. So I sent my team to the region to hammer out the details," Biden said in a news conference.
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Hamas believes it has won. Why it now wants to unburden itself of Gaza.
After nine months of war with Israel, Hamas’ postwar strategy – based on what it sees as its impending victory – is starting to take shape. As talks with Israel, mediated by the United States, Egypt, and Qatar, continue toward a deal on a cease-fire and release of hostages, the militant Islamist movement is eyeing its postwar plans. They include riding an electoral wave to power in the West Bank while evading responsibility for the massive reconstruction of Gaza – and for the vast devastation and loss of life there from the war it incited.
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Gulf States Advance Clean Energy Agenda but Need to Decarbonize Much Faster
The United Arab Emirates, Saudi Arabia, and Oman are making impressive strides in developing their renewable and clean energy potential, but they will need to decarbonize their oil and gas operations faster to adapt to the energy transition. This was one of the takeaways at AGSIW’s Petro Diplomacy 2024 conference from a conversation with Roger Diwan, vice president of research and analysis, upstream, at S&P Global Commodity Insights.
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A Biden Confidant Emerges as a Crucial Mideast Diplomat
Mr. Hochstein has made at least five trips to Israel and Lebanon since the war in Gaza prompted Hezbollah to launch rocket attacks on northern Israel in solidarity with Hamas. He speaks constantly with Lebanese officials as well as top Israeli officials, sometimes including Prime Minister Benjamin Netanyahu.
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Qatar’s population soars to 2.85 million, an 85% jump from 2008
Qatar’s population soared up to 2,857,822 by June 30, 2024, marking a staggering 85.4 percent jump from October 2008’s 1,541,130, as per National Planning Council figures. Recent statistics indicate fluctuating numbers, with peaks recorded earlier this year at 3,128,983 in February and 3,119,589 in March, gradually decreasing to 3,080,804 by May. As of June 2024, the male population stood at 72.4 percent of the total.
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Beijing eyes more investments from Saudi sovereign wealth fund
The mayor of Beijing has told the governor of Saudi Arabia's sovereign wealth fund he hoped the fund would further expand its business in the Chinese capital, state media said on Wednesday. Beijing's diplomatic push to court U.S. ally Saudi Arabia comes amid its frustration over what it sees as Washington's weaponisation of economic policies, nudging it to expand ties with countries in Europe, the Middle East and Africa.
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Power restored gradually in Riyadh neighborhoods after contractor damage
The Saudi Electricity Regulatory Authority clarified that the power outage affecting parts of the Hittin, An Nakheel, Al Aqiq, and Al Ghadeer neighborhoods in Riyadh on Tuesday's night at 8:33 PM was caused by damage to a main power transmission line by a contractor working on a public project unrelated to the Saudi Electricity Company.
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