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Recent stories from sustg
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U.S. Warns Of ‘Potential, Imminent Threat’ Against Americans In Jeddah
The U.S. Embassy in Saudi Arabia posted a notice to its website yesterday warning of “potential, imminent threat against U.S. citizens in areas of Jeddah frequented by Westerners, such as markets, restaurants, and shopping malls, among others.” State Department spokesman John Kirby told reporters in Washington that the notice is “a security message, not a […]
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Pokemon GO Banned in Saudi Arabia; 3 Arrested at Jeddah Airport – Report
Pokemon GO, the viral video game phenomenon that has taken the U.S. and other markets around the world by storm, has been banned in Saudi Arabia, according to a report in the Evening Standard which cited the Arabic-language newspaper Almowaten. Pokemon GO is a game available on smartphones that allows users to catch different characters […]
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Construction Begins on ‘World’s Largest’ Gas Complex in Jazan, Saudi Arabia
Construction has begun on a $2.1 billion industrial gas complex in Jazan, Saudi Arabia, which is slated to become the largest such facility in the world. The industrial gas complex will serve Saudi Aramco’s Jazan refinery and terminal when complete, and will require 600MW to operate, according to a report in Gulf Business. The contract for the […]
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WTO launches new World Trade Outlook Indicator
The World Trade Organization (WTO) has launched a new World Trade Outlook Indicator (WTOI) designed to provide “real time” information on trends in global trade, the organization said on its website. The WTOI was unveiled in Shanghai, China on July 8th ahead of a meeting of G20 trade ministers. “Combining a variety of trade-related indices, the […]
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Ramadan Must-Watch TV: ‘Selfie 2’
Ramadan in Saudi Arabia is more than a month of fasting and personal reflection. It is a communal up-ending of one’s normal schedule with work, school and every facet of daily life rearranged in order to fulfill one of the five main pillars of Islam while also coming through this trial healthy and whole. Saudi […]
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Deputy Crown Prince Mohammed bin Salman Meets U.S. and Saudi Business Leaders in New York
Deputy Crown Prince Mohammed bin Salman met with business leaders and others in New York yesterday as his 13-day, packed-schedule visit across the United States comes to a close. Prince Mohammed was photographed meeting with top U.S. business leaders and “pioneers of innovation” in New York for a panel discussion, according to the twitter account […]
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King Salman, Deputy Crown Prince Mohammed Announce Inclusion of More Than 2,600 U.S. Students Into Scholarship Program on Arrival in Washington
Deputy Crown Prince Mohammed bin Salman used the occasion of his arrival to the United States this week to include an additional 2,600 Saudi students into the Custodian of the Two Holy Mosques Scholarship program, the visionary educational initiative created by the late King Abdullah that enables young Saudis to receive education and experiences abroad. […]
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Deputy Crown Prince Mohammed bin Salman Arrives in Washington, Photographed for the First Time Wearing Western Business Suit
Deputy Crown Prince Mohammed bin Salman arrived in Washington, D.C. on Monday and met with Secretary of State John Kerry in Georgetown for an informal dinner. Prince Mohammed’s arrival marks the first time he has been photographed or filmed wearing western clothing. The prince typically wears traditional Saudi clothing both at home in the Kingdom and […]
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As Vision 2030 Details are Rolled Out, International Banks and Others Look for Opportunities
International banks are jockeying for a role in Saudi Arabia’s plans to list part of state-owned Saudi Aramco for an Initial Public Offering (IPO), according to a report in Reuters. Financiers around the world are keen to cash in on a cornerstone of the recently-announced “Vision 2030” economic and social plan, with banks preparing for […]
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Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman to Visit Washington Mid-June
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman will visit Washington, D.C. and other cities in the U.S. in June, as the influential Saudi official plans to discuss both foreign policy and economics, according to sources cited by several news outlets. Because Prince Mohammed is both Minister of Defense and President of the key Council […]
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MUST-READS
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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.
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Egypt blames Hajj deaths on ‘unregistered’ Mecca arrivals
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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.
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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.
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Saudi Arabia’s economy seven years after Crown Prince Mohammed’s appointment
Crown Prince Mohammed bin Salman has pushed forward with an expansive fiscal policy since his appointment on June 21, 2017, helping to turn the Saudi Arabian economy into one of the fastest growing in the G20. The Crown Prince, who served as the chairman of the Council for Economic and Development Affairs, has helped spearhead groundbreaking moves such as the listing of Aramco, the world’s biggest oil producing company, and the launch of the futuristic city of Neom. The kingdom’s Council of Ministers tasked Ceda with identifying and monitoring the mechanisms and measures that are crucial for the delivery of the country's Vision 2030.
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Saudi Arabia’s and the UAE’s Quest for African Critical Minerals
Minerals such as copper, cobalt, lithium, and graphite are critical for manufacturing electric vehicle batteries and in renewable energy infrastructure. Investing in these resources paves the way for Saudi Arabia and the UAE to not only generate substantial returns but also become key actors in the clean energy sector. Such investments, however, have geopolitical implications for China, a major established player in this sector.
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Oil prices are up 10% in the last 2 weeks
Oil markets are heating up again. Crude futures have risen about 10% since June 4 for both the U.S.-benchmark West Texas Intermediate and global benchmark Brent varieties. The latest rally comes after a volatile year that’s seen prices rise as much as 20% before giving back almost all those gains. WTI crude is up 13% for the year, Brent is up 10.4%.
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US signals to Hezbollah it will back Israeli offensive, as frustration with Gaza ceasefire grows
The US has indicated it is open to backing an Israeli offensive against Hezbollah in Lebanon, amid mounting frustration that the group continues to link a truce with Israel to an elusive broader ceasefire in Gaza. In his meetings in Beirut on Tuesday, US envoy Amos Hochstein delivered "blunt" warnings to Lebanese officials that Israel is preparing to launch a limited offensive on Hezbollah and will have the US's support if a diplomatic solution isn't found, a senior Arab official told Middle East Eye. Hochstein met with Lebanese Prime Minister Najib Mikati and Speaker of Parliament Nabih Berri on Tuesday, both of whom the US has used as intermediaries with Hezbollah, the Iran-backed group the US designates a terrorist organisation.
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Phased development for world’s largest airport in Saudi Arabia
The airport is expected to cover 57 square kilometres and handle 120 million passengers per year, which would make it the largest in the world in terms of passenger numbers. It will be built on a brownfield site over the existing King Khalid International Airport. UK-based Mace has won the role of delivery partner on the project, while it is being designed by architecture company Foster + Partners.
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Made in Saudi Arabia; What’s in a Slogan?
The kingdom has shown greater compatibility with long-term environmental and sustainability goals for the generations to come, one the one hand,and with the intricate dynamics of market investments and global financial ecosystem, on the other. While, at the same time, not losing sight of the current and truly important financial resource of oil. On average, revenues from oil production represented 3% of global gross domestic product (GDP) in recent data by the World Economic Forum (WEF).
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