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Recent stories from sustg

  • 15 Year-Old Saudi Girl Proposes First ‘Hijab Emoji’
     

    Rayouf Alhumedhi, a Saudi-born teenager currently living in Germany is the lead author on a new proposal for a hijab emoji to the Unicode Consortium, the nonprofit that governs the creation and approval of emoji. Emojis are popular small images that are available on mobile and desktop keyboards that are increasingly adding to, and even replacing, […]

     
  • Security Tight as Millions Perform Hajj in Saudi Arabia; Eid al-Adha Begins Today
     

    Saudi Arabia has invested heavily in added safety and security measures as the Kingdom hosts this year’s estimated 1.85 million Hajj pilgrims.  Photos from the official Saudi Press Agency (SPA) show Saudi civil defense forces and medical personnel on standby ready to ensure a safe and peaceful Hajj. Temperatures throughout the week topped 100°F (28°C), making […]

     
  • Saudi, Russia Sign Oil Cooperation Agreement
     

    Saudi Arabia and Russia signed an agreement on Monday to cooperate in world oil markets – but the cooperation does not include an immediate cut in production that some other oil producing nations want. The agreement was struck between top Saudi and Russian officials currently at the G20 summit in the Chinese city of Hangzhou. Saudi Energy Minister […]

     
  • Deputy Crown Prince Mohammed bin Salman Arrives in China, Meets with Top Chinese Officials to Discuss ‘Vision 2030’
     

    Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman and a delegation including top ministers and other officials are in China this week for talks aimed at pushing the Kingdom’s Vision 2030 broad economic reforms. The visit to global economic powerhouse China, like the Deputy Crown Prince’s visit to the United States in June, hopes to “showcase […]

     
  • Coca-Cola Becomes Official Sponsor of Saudi Arabian Football Federation
     

    Coca-Cola has become the official sponsor of the Saudi Arabian Football Federation (SAFF).  SAFF is Saudi Arabia’s football governing body and it administers all Saudi club competitions as well as the development of the Saudi national team. The agreement with Coca-Cola includes full support of the Saudi national team as well as the three main […]

     
  • $20 Billion Dow-Saudi Aramco Venture Takes Another Step
     

    Sadara, a joint-venture between Dow Chemical Company and Saudi Aramco has started its mixed feed cracker, the only one of its kind in the Middle East and one of 26 manufacturing units that will be part of the Sadara chemical complex. Located in Jubail Industrial City along the Gulf coast of Saudi Arabia, Sadara was […]

     
  • In 2016, Saudi Restrictions Removed for U.S. Meat Exporters
     

    2016 has been a good year for U.S. farmers and food producers looking to expand into the Saudi market as the Kingdom has relaxed previously established restrictions on both poultry and beef imports from the United States.  In July, Saudi Arabia lifted a lengthy four-year ban on US beef imports that followed a scare over […]

     
  • Ministry of Labor Moves to Implement Saudisation of all Telecom Shops
     

    The Saudi Ministry of Labor and Social Development continues to move aggressively to implement its goal to Saudize the telecom sector – specifically workers in mobile telephone shops – by September 2, 2016. Minister Mofrej Al-Haqbani had previously stated that, “We have no intention of postponing the implementation of the decision or extending the grace […]

     
  • As Civilian Casualties Grow in Yemen, Capitol Hill Questions U.S.-Saudi Arms Deals
     

    As casualties mount in the Saudi-led war in Yemen to reinstate the legitimate U.N.-recognized Hadi government, some U.S. lawmakers are considering whether to block the sale of additional arms to Saudi Arabia. It is not known if the potential block has significant backing on Capitol Hill, and criticism of past arms sales to Saudi Arabia […]

     
  • Saudi Capital Market Authority Eases Guidelines for Qualified Foreign Investors
     

    Saudi Arabia’s Capital Market Authority (CMA) Board has approved changes to rules that regulate what type of foreign investor can enter into the Saudi stock market.  The changes include 24 Articles that address procedures, requirements, and conditions for the registration of qualified foreign investors (QFIs) with the CMA to invest in listed securities in the Saudi […]

     

MUST-READS

  • Literature Commission concludes training program for publishing houses in Oxford

    The training program was held in cooperation with Oxford International Publishing Center, and lasted for 10 days, during which it witnessed many intensive training and consulting sessions presented by a group of publishing experts. The program sessions covered several prominent topics, including international publishing strategies and marketing plans, the role of literary agencies, copyrights and contracts, planning skills for participation in book fairs, and others.

  • Saudi Telecom reportedly eyes up Vodafone Portugal

    Vodafone and Saudi Telecom (STC) have both recently failed in Portuguese M&A attempts, so it makes sense that they might now look to hammer out a deal between them. But it seems we're not close to a deal just yet.

  • Saudi Arabia and Qatar explore judicial cooperation

    Al-Samaani highlighted the legal and judicial progress that Saudi Arabia has witnessed under the leadership of King Salman bin Abdulaziz and Crown Prince Mohammed bin Salman. He emphasized that the progress made in the legislative and digital domains improved the efficiency and quality of judicial services.

  • Aquaculture in Saudi Arabia: From vision to infrastructure

    Saudi Arabia’s aquaculture sector has witnessed remarkable growth in recent years, with production increasing by 400% between 2015 and 2022. This rapid expansion can be attributed, in part, to a concerted effort from public and private stakeholders to bolster food security in the region, improve economic diversification, and reduce overreliance on food imports.

  • Saudi Arabia will host the inaugural Olympic Esports Games

    The decision to host the Olympics Esports Games in Saudi Arabia also comes at the perfect time as the country is currently holding the Esports World Cup in Riyadh. This event serves as proof of the Kingdom’s dedication to esports, drawing participants and enthusiasts from around the globe, and its ability to host large-scale events.

  • Saudi Arabia’s Economic Strategy is a Double-Edged Sword for OPEC Stability

    Since the announcement of Vision 2030, Saudi Arabia has faced substantial fiscal challenges. With oil prices no longer at their 2022 highs, the kingdom's reliance on petrodollars is more precarious. The IMF estimates that Saudi Arabia's fiscal breakeven oil price is near $100 per barrel, but current market prices fall short, complicating the funding of its large-scale diversification projects.

  • Saudi Arabia pulling back on construction spending

    Even though these changes will impact local and international business, Saudi Arabia will continue to be big spenders on construction.  The kingdom still has $50 billion in capital expenditures to support the projects for 2024, Bloomberg reported. The Sovereign Wealth Fund reportedly has $70 billion in capital a year from 2025.

  • Breakthrough pension reform in Saudi Arabia – A model for the MENA region

    Saudi Arabia took a big leap forward in transforming its pension system with the recent announcement of comprehensive reforms, designed with support from the World Bank, aimed at enhancing income protection during old-age, but also promoting gender equality

  • Early medieval inscription discovered in Saudi Arabia

    Saudi Arabia’s Heritage Commission announced the discovery, which was made at the village of Alqan in the northwestern part of the kingdom. Its historical significance lies in confirming the continued use of the Thamudic script in the 5th century AD, and offers new insights into the evolution of Arabic letter forms in the pre-Islamic era.

  • U.S. Oil Production Develops Massive Lead Over Russia And Saudi Arabia

    For the first time, global oil consumption surpassed 100 million barrels per day in 2023. The demand for gasoline, diesel, and kerosene has returned to or exceeded pre-2019 levels, although there are variations across different regions. Global gasoline consumption slightly exceeded its pre-COVID level at 25 million barrels per day, while kerosene, despite showing strong growth of 17.5% in 2023, has not yet returned to its peak levels from 2019.