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US Training Teams Arrive in Saudi Arabia As Brass Praise Arab ‘Professionalism’ in Coordinated Strikes
- September 29,2014
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- Lucien Zeigler
US Secretary of Defense Chuck Hagel and Chairman of the Joint Chiefs of Staff, Army Gen. Martin E. Dempsey announced at a joint press conference that U.S. trainers have arrived in Saudi Arabia to assist in the development of moderate Syrian rebels, the Voice of America reports. “Opposition fighters are being vetted by U.S. military, […]
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Jamal Khashoggi on the BBC News Hour: Saudi Arabia Will Continue to Fight IS ‘Short of Sending Ground Troops’ [Audio]
- September 25,2014
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- Lucien Zeigler
In an interview on the BBC News Hour, Saudi journalist Jamal Khashoggi addressed the latest developments in the joint U.S.-Arab military action against Islamic State positions in Iraq and Syria. “Saudi Arabia is already at war with ISIS since 2003, when IS was still Al Qaeda, so it is the same thing – the same […]
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IMF Report on Saudi Arabia Cites Growth, Finds Near-Term Outlook ‘Positive’ but Warns of Deficit in 2015
- September 24,2014
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- SUSTG Team
A recently released detailed report on the economy of Saudi Arabia by the IMF finds the Kingdom’s current economic situation is on solid footing with near-term growth expected to continue, but warns of a looming fiscal deficit in 2015. “Saudi Arabia’s economy has grown very strongly in recent years, benefitting from high oil prices and output, […]
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‘Security, Lack of Co-Operation’ to Blame in Delay of Newcomers to Saudi’s Mobile Market, Report Finds
- September 24,2014
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- SUSTG Team
Reuters reports that state security requirements and a lack of co-operation from Saudi Arabia’s existing telecom operators have delayed the launch of two new mobile companies until later this year, citing their chief executives. “VMMEA in March said it hoped to launch services in the first half of 2014, while Mobily initially said its Jawraa’s […]
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U.S. and Saudi Arabia Conduct Joint Strikes on IS Targets in Syria
- September 23,2014
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- SUSTG Team
The United States and Gulf Arab allies, including Saudi Arabia, conducted joint airstrikes within Syria’s borders for the first time primarily on Islamic State targets in and around Raqqa, several news agencies and CENTCOM are reporting. Islamic State militants bore the brunt of the large-scale attack, which included strikes from various aircraft and also missile […]
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Google’s Saudi National Day Doodle
- September 23,2014
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- SUSTG Team
On the occasion of the Saudi National Day Google featured a distinctive ‘doodle’ that recognized the celebration. The doodle was inspired by the annual Jenadriyah festival which celebrates Saudi Arabia’s culture and heritage. The Saudi National Day doodle appears when Internet users in Saudi Arabia land on the Google home page.
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Marking Saudi National Day Celebration, U.S. Ambassador to the Kingdom Congratulates Saudis on Modernization
- September 23,2014
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- SUSTG Team
The Kingdom of Saudi Arabia marks its 84th National Day today, a celebrating 84 years as a unified Kingdom and marking the anniversary of the formation of Saudi Arabia by the late King Abdulaziz. Establishments across Saudi Arabia’s cities were turning green in celebration and local municipalities were preparing events for Saudi citizens today, Arab News reports. […]
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NCB’s October 19th IPO May be 2014’s Second Largest Behind Alibaba
- September 22,2014
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- SUSTG Team
Saudi Arabia’s National Commercial Bank is set to issue an IPO in October that might raise as much as 16 billion riyals ($4.3 billion), which would be the second largest of 2014 behind China’s Alibaba Group Holding Ltd., Bloomberg’s Matthew Martin reports. The IPO will list 300 million shares totaling 15% of the lender’s share capital, with an additional 200 million shares, […]
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Long Taboo, Cinema to Return to the Kingdom of Saudi Arabia
- September 19,2014
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- Lucien Zeigler
Saudi Arabia will relax its ban on cinema and film-related activities in the Kingdom, according to reports. The change didn’t come with an announcement, but rather, with an adjustment to a feature on the Ministry of Labor’s web portal for entrepreneurs, according to Arab News. Information on how to register for cinema licenses is now […]
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SAGIA in Transition
- September 18,2014
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- Richard Wilson
The Saudi Arabian General Investment Authority (SAGIA) was established in 2000 to be a major driver in the Kingdom’s efforts to liberalize its economy. It has certainly fulfilled that role and over the last 14 years SAGIA has been a chief strategist, leading promoter and the administrative front office for the Kingdom’s business as Saudi […]
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MUST-READS
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Domestic Oil ConsumptionSaudi Arabia uses largest amount of crude oil for power generation since 2010
Saudi Arabia used an average of 0.7 million bbl/d of crude oil for power generation during the summers from 2009 to 2013. During that same period, Iraq and Kuwait, the next two largest users of crude oil for power generation in the Middle East, each averaged roughly 0.08 million bbl/d of crude burn.
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Islamic StateISIS points finger at Saudi Arabia in strikes
NBC’s Ayman Mohyeldin talks about the involvement of Arab states in aiding the U.S. with their airstrikes against ISIS in Syria. Mohyeldin explains why ISIS is blaming Saudi Arabia for their part in the attacks. The Morning Joe panel joins the discussion as well.
- The Daily Beast - Arab Kings vs. ISIS Barbarians
- Reuters - Islamic State blows away Gulf qualms about joining U.S. military action
- Washington Post - Airstrikes in Syria against Islamic State bring together Persian Gulf nations at odd
- Huffington Post - What Do America's Arab Partners Against ISIS Really Want?
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ConstructionRevealed: Saudi Arabia’s 10 biggest contractors
Saudi Binladin Group again tops the list. The family-owned firm was started in 1931 and has been the trusted builder for the Saudi Royal family for over 60 years. It has a hand in many of the Kingdom’s biggest civils projects and is currently handling the $21 billion expansion project at the Grand Mosque in Makkah.
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Women in the WorkplaceAramco, GE And Tata Open Saudi Arabia’s First All-Female BPO
Spread across 3,200 square metres, the facility will create up to 3,000 local jobs for Saudi women within the next three years, the statement said. Saudi Aramco president and CEO Khalid Al Falih said: “The first all-female business process service center in Saudi Arabia brings significant value to the Saudi economy and society.
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FinanceAluminum Bahrain Plans Listing on Saudi Arabia Exchange
Aluminium Bahrain, the second-largest aluminum smelter in the Middle East, is planning to cross-list its shares in Saudi Arabia, according to four people familiar with the matter.
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Saudi-EgyptSaudi Arabia opens largest embassy in Egypt
“These headquarters do not merely house the offices of the embassy with all its branches but all the Saudi working offices operating in Egypt and this will make it easier for citizens to contact the embassy of their country and simplify access for their Egyptian brothers and others,” Prince Faisal said.
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NCB IPOSaudi Arabia’s Largest Bank Said to Plan IPO Next Quarter
The IPO, which could raise about 16 billion riyals ($4.3 billion) according to Riyad Capital, would make it the world’s largest such sale this year, surpassing Japan Display Inc. (6740)’s $3.1 billion offering in March. Chinese e-commerce giant Alibaba Group Holding Ltd. is expected to raise as much as $20 billion from its IPO later this month, a deal that has the potential to be the largest offering in U.S. history.
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CoffeeSaudi Arabia biggest coffee consuming country in world | Economy | Saudi Gazette
The study showed also that the consumption of coffee per capita amounts to 3 kg per year. According to the same statistics, Saudi people spend annually more than SR1 billion for the preparation of coffee and its components. The Kingdom imports on an annual basis more than 26,000 tons of cardamom, ginger and saffron with a total value exceeding SR4.5 billion, while the number of coffee shops in Saudi Arabia increases more than 10 percent per year
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InSight: Some gender issues are pretty complicated | Arab News — Saudi Arabia News, Middle East News, Opinion, Economy and more.
A discussion on gender issues can become complicated in a conservative society, especially if talk shifts to the seemingly growing subculture of girls and women behaving like men and having intimate relations.
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soudiIraqis brave blasts to vote for ‘change’ | Arab News — Saudi Arabia News, Middle East News, Opinion, Economy and more.
An Iraqi woman casts her vote in Iraq's first parliamentary election since US troops withdrew at a polling station in the Iraqi city of Kirkuk on Wednesday. (AFP)
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