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Recent stories from sustg

  • Saudi Student Murdered in Wisconsin Shocks Community
     

    A University of Wisconsin-Stout student from Saudi Arabia died one day after being assaulted on a street in downtown Menomonie, Wis., about 70 miles east of Minneapolis, according to reports. Hussain Saeed Al-Nahdi was reportedly assaulted by a suspect whom police described as a white male about six feet tall. He died a day later […]

     
  • Saudi Arabia Replaces Finance Minister in Continued Shift Toward Younger Technocrats
     

    Saudi Arabia has replaced its Minister of Finance, Dr. Ibrahim Al-Assaf, with the head of the Kingdom’s capital markets regulator Mohammed Al-Jadaan in the latest move toward a younger generation of technocratic leaders in high positions. Al-Assaf was Saudi Arabia’s longest-serving active minister, having held the position of Minister of Finance since 1996. Another Royal […]

     
  • US Customs Facilities Coming to Riyadh, Jeddah Airports to Add Convenience, Efficiency to U.S.-Saudi Travelers
     

    The United States Customs and Border Protection (CBP) will soon set up facilities at Riyadh and Jeddah airports to process U.S.-bound passengers’ arrival documents before landing in the U.S., the Saudi Gazette reports, citing a person with knowledge of the situation who spoke with the Okaz Arabic daily. Long delays and extra screenings have become standard for […]

     
  • Candor from High-Ranking Saudi Ministers on Economy Latest Example of Increased Transparency
     

    Several high-ranking officials and Ministers in Saudi Arabia discussed the state of the Kingdom’s economy on a popular television show last week, according to Bloomberg, in what amounted to “an unusual attempt by a government not known for transparency to promote its plan to cope with the plunge in oil prices.” “Saudis who switched on a […]

     
  • Government Payments to Top Companies Resume, Al-Assaf Says on Saudi TV
     

    Saudi Arabia has resumed payments of its debts to contractors after long delays that imperiled company finances and hurt investor sentiment, according to Bloomberg, which cited comments made by Saudi Finance Minister Ibrahim Al-Assaf on Saudi television. In the televised interview late on Wednesday, Al-Assaf said payments have been “regularized and will rise in the coming period.” […]

     
  • 72-Hour Ceasefire in Yemen Set for Wednesday Night
     

    The United Nations Special Envoy to Yemen announced a 72-hour cease-fire to begin Wednesday night, after he received commitments from all of the country’s warring factions, according to reports. Ismail Ould Cheikh Ahmed said the cessation of hostilities will begin at 8:59 p.m. UTC Wednesday and could be renewed after the initial three-day period. Twice […]

     
  • Despite Downturn, Half in New Poll Expect Saudi Economy to Improve
     

    With tough economic decisions at hand and the price of oil at a tipping point, where is the Saudi economy heading? In a recent poll conducted by Bayt.com and YouGov, 50% of respondents in Saudi Arabia expect business conditions to improve in one year, and 40% believe things will improve in the next six months. […]

     
  • Deadly Coalition Missile Attack on Funeral in Yemen Draws International Condemnation, Prompts U.S. Review of Support
     

    The ongoing conflict in Yemen was further inflamed this weekend after a missile attack on a funeral hall killed over 160 civilians, sparking outrage across the war-torn country. Yemeni officials and witnesses are blaming the Saudi-led coalition fighting in Yemen for the attack, which threatens to significantly alter the war’s course. The coalition initially denied […]

     
  • Video: Paramotoring in Saudi Arabia’s Qassim Desert
     

    A recently released report and video by Reuters highlights the start and growth of a “paramotoring” club in the Qassim Desert in Saudi Arabia as “a hobby, curiosity, a change.” Paramotoring, also referred to as powered paragliding, involves the use of a motor driving propeller that is worn on one’s back. The motor can be stopped and started in […]

     
  • Jadwa Investment Revises Saudi GDP Down to 1.1%
     

    The latest quarterly GDP update on the Saudi economy from Jadwa Investment finds year-on-year growth continued to slow for the fourth consecutive quarter, “mainly owing to a deceleration in annual GDP growth for both the oil sector and the non-oil private sector.” However, in real terms, the Saudi economy was 1.4 percent larger in the second quarter […]

     

MUST-READS

  • FTSE Russell implements periodic changes to Saudi market today

    Global index provider FTSE Russell will implement today, June 24, the changes announced as part of its quarterly index review. The changes will be effective as of June 25 and will be implemented today, during the closing auction and trading periods at the closing price, as per the requirements of the global indices managers.

  • Huge Saudi construction projects ‘might get scaled down’

    As well as Neom, Saudi Arabia is also developing 13 other large construction schemes, or “giga projects” as they are referred, worth trillions of dollars. These include an entertainment city on the outskirts of the capital Riyadh, multiple luxury island resorts on the Red Sea, and a cluster of other tourist and cultural destinations.

  • How Saudi Arabia is surging tourism industry with Visa-Free Entry for 49 countries including USA, Japan, China, Australia ?

    Saudi Arabia offers visa-on-arrival or an eVisa for citizens from 49 countries, mainly focusing on Europe, North America, and parts of Asia. Key countries include the United States, Canada, the United Kingdom, Schengen Area countries (e.g., France, Germany, Italy), Japan, China, Australia, and New Zealand. These visas allow multiple entries and are valid for one year, with each stay lasting up to 90 days.

  • UFC Saudi Arabia bonuses: Robert Whittaker, Volkan Oezdemir’s stunning knockouts lead list

    The former middleweight champion stormed into the octagon Saturday at UFC Saudi Arabia and needed less than two minutes to dismiss short-notice opponent Ikram Aliskerov with a ferocious series of knockout punches. For his latest highlight, Whittaker was awarded with a $50,000 Performance of the Night bonus.

  • Saudi woman Sondos Jaan set to climb the highest peak in the Arab world

    Sondos Jaan embarked on the journey to the highest peak in the Arab world on June 20. It is the latest episode in Jaan’s love for mountain adventures, but to understand the fascination it is important to take a look back at her childhood. She told Arab News: “I am from Madinah. I was born in a city where I could see a mountain from my bedroom window, and as I walked the streets I would see mountains.”

  • Saudi Arabia continues three-term school year, allocates 8-week summer vacation

    The upcoming academic year will allocate 8 weeks for the summer vacation. The first term will begin on Sunday, August 18, 2024, the second term will begin on Sunday, November 17, 2024, and the third term will begin on Sunday, March 2, 2025, ending on Thursday, June 26, 2025. The vacations for the upcoming academic year include: National Day vacation, long weekends, autumn break, long weekends, mid-year break, Foundation Day break, winter break, Eid Al-Fitr break, and another long weekend, as well as Eid Al-Adha break.

  • How Solar-Powered Desalination Allows Saudi Arabia To Produce Potable Water Sustainably

    Each year, the Kingdom requires an average of 5.5 billion cubic meters of freshwater. The need for water is especially high during the Hajj and Umrah seasons, when well over a million pilgrims arrive from around the world. Home to more than 37 million people, the Kingdom is the world’s third-largest consumer of water per head of population. Agriculture alone accounts for around 84 percent of total water consumption.

  • Egypt blames Hajj deaths on ‘unregistered’ Mecca arrivals

    Cairo said it will prosecute some 16 travel agencies for illegally taking pilgrims to Mecca. Hundreds are believed to have died during the Muslim pilgrimage this year, the majority being from Egypt.

  • The “Made in Saudi. Think in Saudi” belief

    The most significant change I have observed within Saudi society is a remarkable surge in openness and acceptance of change. This is evident in their continuous quest for fresh perspectives and their willingness to adapt to novel concepts and ideas.

  • Saudi Arabia eyes new areas of cooperation with Switzerland: Al-Jadaan

    During his participation in the Fourth Saudi-Swiss Financial Dialogue in Zurich, Al-Jadaan stressed the importance of the dialogue, explaining that it contributes to strengthening bilateral ties between the two countries and achieving their common interests in various financial and economic sectors.