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Recent stories from sustg

  • The Good Stuff
     

    So, Walid, this Saudi student at the University of Southern California was in Pennsylvania talking with some Amish farmers about their camels… A lot has been made of the King Abdullah Scholarship Program (KASP) established in 2005 to encourage Saudi students to study abroad. It is a truly ambitious enterprise that has propelled 150,000+ Saudi […]

     
  • Sfakianakis: ‘The great giant of the emerging markets has finally awakened’
     

    Saudi Arabia’s stability in contrast to many of its neighbors in the Middle East region is a cause for optimism for the Kingdom’s economy and future, writes John Sfakianakis in the Financial Times’ Beyond Brics blog. Noting that those who argue that the Kingdom is the next destination for turmoil have “been thinking that for […]

     
  • Stanford, KACST Team Up for Six Year Collaborative Partnership on Aerospace Research
    • August 5,2014
    • •
     

    Stanford University and Saudi Arabia’s KACST have launched a new six-year collaborative research partnership to establish a center to develop new liquid rocket fuels for satellite applications, according to the Northern California-based university.

     
  • 35 percent of hotel rooms in Dubai occupied by Saudi Citizens on Summer Vacation
     

    Saudis are escaping the heat in the Kingdom by flocking to destinations abroad, but many aren’t making it far – a recent report in the Saudi Gazette finds that many are flocking to neighboring Dubai, a popular vacation spot for Saudis during the summer months. The Saudi Gazette reports that the high rates of Saudis […]

     
  • Europe’s Role in Bankrolling Terror Groups Around the World
     

    European governments that bargain with Al Qaeda and other terrorist organizations for kidnapped citizens are inadvertently filling the coffers of those organizations, according to this report by Rukmini Callimachi in the New York Times. Collectively, these countries are “underwriting jihad,” providing extremist groups with “at least $125 million in revenue from kidnappings since 2008, of […]

     
  • Strike hits shelter in Gaza
     

    He tweeted that coordinates of the shelter in Beit Hanoun had been provided to the Israeli army before the strike as a precaution, an effort to prevent a strike on it. The shelter is in an area in northern Gaza that has been the scene of tremendous violence recently.

     
  • The Saudi Stock Exchange is Opening Up to Foreign Investment
     

    The Saudi Stock Market, also known as the Tadawul All-Share Index or TASI, will open up to foreign investment to money managers outside the GCC for the first time, Bloomberg reports citing the official Saudi Press Agency. “The oil-rich kingdom’s cabinet authorized the Capital Market Authority to allow overseas financial institutions to buy and sell […]

     
  • IP in Saudi Arabia: Why does Saudi society ‘prefer to buy pirated material’?
     

    A guest contributor to the Saudi Gazette lamented the Kingdom’s inability to stop pirating, saying “because of our negligence and violation of intellectual property rights, we have been prevented from buying electronic books from the world’s major providers of such material.” Abdullah Azzam noted that he was unable to purchase ebooks through Google Play because […]

     
  • 10 Things to Know: 2014 SACM Career Fair and Graduation Ceremony at the Gaylord Hotel in Washington
     

    If you’re attending the 2014 SACM career fair and graduation ceremony in the Washington, D.C.-area starting on May 24th, you’ll be joining thousands of other Saudi students in the U.S. for an excellent networking opportunity. Students on the King Abdullah Scholarship Program and their families come from around the country to celebrate their achievements and […]

     
  • $16.5 Billion Mecca Metro Deal to be Signed in October by Mayor
     

    Mecca will sign a $16.5 billion contract with the winning bidder for a new metro project for the holy city, ArabianSupplyChain.com via the Arabic newspaper Al Youm said. The contract will include 88 new train stations and 22 underground depots, the report said:

     

MUST-READS

  • Lower Oil Prices Challenge Saudi Fiscal Policy

    Oil prices have slumped in recent weeks. Brent fell from close to $88 per barrel in early July to $71/bbl in early September. Growing worries about the impact of slower economic growth in China and the United States on the demand for oil have offset the production outage in Libya and periodic concerns about potential supply disruptions from a broadening conflict in the Middle East.

  • Saudi Arabia’s PIF to boost annual spending to $70 billion by 2025

    In its latest report on Saudi Arabia, the International Monetary Fund (IMF) highlighted that the PIF’s investments are set to reach $70 billion by 2025, according to Amin Mati, the IMF’s Mission Chief for Saudi Arabia.

  • Dozens killed, wounded in Israeli strikes on Gaza tent camp

    Israeli strikes tore a huge crater, set tents ablaze and buried Palestinian families alive under sand in a supposedly safe zone of southern Gaza before dawn on Tuesday, killing or wounding scores of people, according to Palestinian officials.  Israel said it had struck a command centre for Hamas fighters whom it said had infiltrated the designated "humanitarian" area in al-Mawasi, a vast camp on sandy soil where the military has told hundreds of thousands of Palestinians to shelter since ordering them out of their homes.

  • Dubai singles splurge on premium dating apps but starve for real romance

    Dubai singles are more willing to pay premium prices for dating app subscriptions than ever before in the hopes of boosting their prospects of finding meaningful relationships, residents told Arabian Business. However, this financial investment comes with a paradox. Despite their willingness to pay for premium dating app subscriptions, these same singles have overwhelmingly expressed a preference for meeting potential partners organically in person to build more authentic connectio

  • Time to retire ‘Arab-Israeli conflict’?

    The experience of the past 11 months has led many experts on the region like myself to reassess that term. Is “Arab-Israeli conflict” an accurate reflection, given that the active participants are no longer just Arabs and Israelis? Should we retire that term for good now that the conflict has widened, drawing in the United States and Iran–and potentially Turkey and others in the coming years?

  • Russia invites Saudi Crown Prince to October BRICS summit

    Russia has invited Saudi Crown Prince, Mohammed Bin Salman, to attend a BRICS summit in the city of Kazan from 22-24, Foreign Minister, Sergei Lavrov, said on Monday. The bloc of developing nations, last year, invited Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the United Arab Emirates to become members, in a move aimed at accelerating its push to reshuffle a world order it sees as outdated, Reuters reports.

  • Full steam ahead for Saudi Arabia’s aquaculture dream

    The Kingdom decided to introduce aquaculture more than 40 years ago, leading to the establishment of the National Fisheries Center. Since then, the sector has undergone significant development through international partnerships and collaborations, particularly with the Food and Agriculture Organization.

  • Saudi Arabia’s Vision 2030 Projects Reach $1.3 Trillion in Value

    Saudi Arabia has launched $1.3 trillion in real estate and infrastructure projects over the past eight years as part of its plan to diversify the economy away from oil and become a more attractive place to live, work and travel. About $164 billion worth of real estate contracts have been awarded since 2016, when Saudi Crown Prince Mohammed bin Salman unveiled his strategy to wean the country off its dependence on petrodollars and improve the quality of life for locals.

  • Saudi Arabia’s Economic Growth Defies Regional Instability

    The report says that Saudi oil exports are not dependent on the Red Sea, where Iran-backed Houthis have targeted commercial ships, in what they say is in solidarity with Palestinians in Gaza. Likewise, Saudi Arabia’s tourism numbers "remain strong". In general, the IMF painted a rosy picture of Saudi Arabia’s economy, with a strong banking system, growing home ownership and "robust" non-oil economic growth. The report underscores the divergence between Gulf economies and those of poorer states like Egypt, Lebanon and Jordan, whose already weak economies have been battered by Israel’s war.

  • Riyadh’s inaugural FinTech 24 conference attracts over 37,000 visitors

    The event was hosted by the Financial Sector Development Program, Saudi Central Bank (SAMA), Capital Market Authority, and Insurance Authority, and jointly organized by Fintech Saudi and Alliance, a venture between the Federation for Cybersecurity, Programming and Drones, Informa Global, and the Investment Events Fund.