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Saudi Arabia will see 1.2 million barrels per day of new refining capacity by 2020
- November 19,2014
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- SUSTG Team
According to a recently released research note by Jadwa Investment, Saudi Arabia will see an increase of 1.2 MBPD of new refining capacity by 2020 representing a “major investment in downstream sector.” Jadwa’s Head of Research, Dr. Fahad Alturki notes: “Saudi Arabia will see 1.2 million barrels per day (mbpd) of new refining capacity come […]
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#FocusKSA: Saudi Student Turned Entrepreneur Walid Abdulwahab On His Experiences Running a Successful Business in the U.S.
- November 18,2014
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- SUSTG Team
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 […]
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PHOTOS: Wild Weather Strikes Across Saudi Arabia as Rain, Floods Cause Damage and School Closings
- November 17,2014
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- SUSTG Team
The rain season began in several provinces of Saudi Arabia this past weekend with rain and floods reported in Mecca, Jeddah, and Hail provinces. Photos provided by the SPA show hail and rain storms caused flooding and damage in Taif and Mecca while Jeddah experienced thunderstorms. Director of Civil Defense in Taif Saleh Mansi Al-Harthi has […]
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SUSRIS: Saudi Oil Production “Crucial” to EIA 2015 Forecast
- November 14,2014
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- SUSTG Team
“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 […]
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#SaudiTBT: King Faisal Bin Abdulaziz al-Saud on the Tarmac of Le Bourget Airport in Paris, 1939
- November 13,2014
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- Richard Wilson
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 […]
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Iraq’s President in Saudi Arabia Latest Evidence of Improved Relations
- November 12,2014
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- SUSTG Team
Iraq’s President Fuad Masum visited Saudi Arabia’s King Abdullah in Riyadh last night, the latest evidence of a thaw in diplomatic relations between the two countries. “The Iraqi president expressed his happiness to visit the kingdom and meet with his brother the king,” according to the SPA. The meeting was the highest level meeting of officials between […]
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Trading Begins Tomorrow on NCB’s ‘Steeply’ Discounted IPO as the Government Eyes Financial Sector Reforms
- November 11,2014
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- Lucien Zeigler
Trading is set to begin tomorrow on steeply discounted shares of Saudi Arabia’s National Commercial Bank as Saudi Arabia’s capital market regulator will introduce rules for credit rating agencies next September, according to reports. Matthew Martin and Sarmad Khan of Bloomberg quote Asim Bukhtiar, a vice president and head of research at Riyad Capital, as saying […]
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Jadwa Investment’s November 2014 Saudi Chartbook finds Bank Lending to Private Sector Year-on-Year Highs
- November 11,2014
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- SUSTG Team
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 […]
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AP Reports Women May Be Moving Closer to Driving Rights, But Report Immediately Denied
- November 9,2014
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- SUSTG Team
The Associated Press reported this weekend that an unnamed Saudi Shoura member confirmed its body had “recommended that the government lift its ban on female drivers,” a report that a government official quickly denied after it surfaced. As the AP reports, “The council member said the Shura Council made the recommendations in a secret, closed session […]
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Saudi Officials Visit Wounded from Al-Ahsa Terror Strike as Security Agencies Expand Activities
- November 7,2014
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- SUSTG Team
The clampdown on extremism broadened on Friday as Saudi Arabia’s security forces have arrested another 8 people in Monday’s terrorist attack in a Shiite village in Saudi Arabia’s Eastern Province, according to media reports, including two police officers. The raids were conducted simultaneously across the country, including in Riyadh, Qassim and the Eastern Province, Arab News reported […]
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MUST-READS
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Saudi Arabia aims to be among top 10 global destinations in 2024
Saudi Arabia aims to be among the top 10 global touristic destinations this year, with national tourism strategy aiming to attract more than 150 million visitors by 2030.Ahmed Al-Khateeb, Saudi Arabia’s minister of tourism, spoke at the Manafea Forum in Medina stating how the Kingdom is on the right path to make the tourism sector an important contributor to the country’s overall gross domestic product (GDP).In 2023, Al-Khateeb said that the tourism sector accounted for 5 per cent of GDP, with the target of increasing this figure to 10 per cent.
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Saudi Arabia declares annual Saudi Green Initiative day to promote climate action
In a move to underscore its commitment to environmental sustainability, Saudi Arabia has established March 27 as the annual Saudi Green Initiative Day, coinciding with the date of the initiative's launch in 2021. This day is set to foster awareness and inspire action across the Kingdom towards achieving a more sustainable future, in line with the ambitious Saudi Green Initiative (SGI). Marked under the theme "For Our Today and Their Tomorrow: KSA Together for a Greener Future," the inaugural Saudi Green Initiative Day aims to mobilize collective efforts from all segments of society.
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Vision 2030: How Water Scarcity in Saudi Arabia Persists
Around eight government agencies, including the Ministry of Environment, Water, Agriculture (MEWA), Water & Electricity Regulatory Authority (WERA), and Saline Water Conversion Corporation (SWCC) are actively dedicated to pursuing a solution. Given the geographical and climatic limitations posed upon Saudi Arabia, desalination facilities built by the Kingdom of Saudi Arabia will be an addition to Vision 2030 to meet water demands as the population increases.
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Perspective: Saudi Arabia Goes for Transformative Hat Trick
The idea is to open up the economy and end its dependence on oil and gas; modify the existing fundamentalist tradition, which dates back to the alliance between Saudi authorities and Wahhabism in the 18th century; and globalize Saudi Arabia, placing it among the world’s powers. The challenge the crown prince faces is to accomplish this hat trick without weakening the overwhelming power of the monarchy.
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Saudi Arabia denounces Israeli decision to confiscate West Bank land
Israel’s actions “undermine the chances of a just and sustainable peace based on the two-state solution,” the statement on SPA added.
Saudi Arabia also called on the international community to halt the systematic violations by Israeli settlers and to ensure the return of confiscated Palestinian lands.
Last week, Israel announced the seizure of 800 hectares (8,000 dunams) of land in the occupied West Bank, which activists called the largest action of its kind in decades.
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Houthis threaten Saudi Arabia’s oil installations for ‘supporting US aggression’
Yemen’s Houthi rebels have threatened to target Saudi Arabia’s oil installations should the country allow a US-led coalition to use its airspace to counter the group’s attacks, a Houthi spokesperson said in an interview with al-Masirah TV on March 25. “We have sent a message to Saudi Arabia that it will be a target if it allows American fighter jets to use its territory or airspace in their aggression on Yemen,” Mohammed Ali al-Houthi, a member of the group’s Supreme Political Council, said in the interview.
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Perspective: What Western Media Won’t Tell You About A Women’s Saudi Arabia
The Saudi people are tired. Tired of having to justify themselves. Tired of having to defend their attitudes. Tired of a relentless and unforgiving West that seemingly can’t escape sensationalism nor overcome partiality. As a result of this fatigue, we, as outsiders, did not face confrontation or clash upon arriving in the Kingdom. For Saudis, their value system isn’t up for debate, which meant we were given a simple choice: listen or hide behind a veil of ignorance.
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Saudi Arabia’s Diriyah Biennale Looks to the Future amid an Imperiled Present
The second edition of Saudi Arabia’s Diriyah Contemporary Art Biennale—titled “After Rain” and on view through May—proposes petrichor as a metaphor for renewal, a cleansing by water of our battered earth and spoiled morality. The inaugural edition of the event, curated by Philip Tinari in 2021, was also water-themed, taking its title from a saying about a river crossed by Chinese revolutionaries in the 1980s. The fixation on water could seem ironic, given the arid setting, but it’s a logical idea for the Diriyah Biennale, the first international showcase of its kind in Saudi Arabia, to circle; it’s inextricable from the existence of the event.
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KlasJet Obtains a Permit to Operate in Saudi Arabia
KlasJet, a well-known exclusive private and corporate jet charter company and a part of the world's largest ACMI providers, the Avia Solutions Group family, is continuing its expansion into the Middle East region. KlasJet Boeing 737 has recently obtained the approval from the General Authority of Civil Aviation (GACA) in Saudi Arabia to operate domestic and international flights.
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Eid Season 2024 returns to Saudi Arabia
Scheduled to take place from 10 to 14 April — depending on the moon sighting — Eid Season 2024 will kick off with Eid prayers. Throughout Eid Season 2024, a variety of events and outings are planned across the Kingdom, offering opportunities for families to create lasting memories together. From concerts featuring renowned artists to cultural performances showcasing traditional music and dance, there’s no shortage of entertainment options during Eid Season. Some of the events include concerts by Majid Al Muhandis in Jeddah, Modi Alshamrani and Dhom Altlasy in Dammam, Abadi AlJohar, Zena and AlMestrih in Riyadh, and many others.
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