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Recent stories from sustg
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#FocusKSA: Power Subsidies and Electricity Supply in Saudi Arabia
A clip from SUSTG.com’s recent FocusKSA discussion with Dr. Fahad al-Turki of Jadwa Investment highlights some challenges and opportunities in powering the Kingdom of Saudi Arabia. Jadwa is a well-regarded, Shariah-compliant, investment firm based in Riyadh and Dr. Fahad spearheads a superb analysis team that publishes very informative reports such as it’s Chart […]
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23rd NCUSAR Policymaker’s Conference Begins Tomorrow in Washington
The National Council‘s 23rd Annual Arab-U.S. Policymakers Conference begins tomorrow, September 28th-29th at the Ronald Reagan Building and International Trade Center in Washington, D.C. Saudis scheduled to speak at the event include HRH Prince Turki Al Faisal, H.E. Dr. Abdullah I. El-Kuwaiz and others. For a full list of speakers and the agenda, click here. You can […]
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Opinion: Teaching Religious Tolerance in Schools
In recent months, much attention has been given to the expanding influence of jihadist groups and religious extremists in the Middle East. The rise of the Islamic State (ISIS) in Iraq has been attributed, in part, to former Prime Minister Maliki’s sectarian policies. The Houthis, a Shiite rebel group in Yemen have occupied Sanaa and […]
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Murder of Abdullah Alkadi in California Hits Home for Saudi Students, Families
The suspected murder-carjacking death of Saudi Arabian national Abdullah Alkadi has caused tremors through the vast, tightly-knit community of Saudi students in the United States. In comments to SUSTG, Ghadah Alghunaim, co-founder of the popular Saudi student social networking group, Saudis in USA, said that the event shook many Saudi students in the US and […]
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Body of Saudi Student in the USA Abdullah Abdullatif Alkadi Found in California Desert
Saudi students in the USA and others on social media are mourning Abdullah Abdullatif Alkadi, whose body was found in Palm Desert, California alongside a freeway more than a month after he disappeared. The 23 year old California State University, Northridge student was an electrical engineering student on the King Abdullah Scholarship Program. His brother […]
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Saudi Labor Reform and a Supermarket Checkout Line
Last month SUSTG featured a Summer 2014 Report Card analysing the Nitaqat Program to significantly increase the number of Saudis in the workforce. In that article Nathan Field assessed the structural reform required simply to implement the Nitaqat initiative as well as the array of regulatory changes and their impact on the Saudi labor environment. In […]
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Taxi Apps Prosper As Women Seek to Cope with Ban Driving – Report
Taxi apps in Saudi Arabia are flourishing in large part due to demand from women unable to drive themselves, according to a Wall Street Journal report. Rory Jones and Ahmed al-Omran note that taxi and ride-sharing businesses are rushing to meet demand in Saudi Arabia, and the services are well-liked by many women who are finding […]
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Saudi FM Says Iran is ‘Part of the Problem and Not Part of the Solution’ in Regional Conflicts as KSA Diplomatic Activity Increases
The Kingdom of Saudi Arabia had an active start to the week for its regional policy as the Emir of Qatar and Germany’s Foreign Minister were in Jeddah to meet with Saudi officials. Qatar’s Emir Sheikh Tamim bin Hamad al-Thani met with King Abdullah at his palace on the Red Sea, while Prince Saud al-Faisal met […]
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Complex Security ‘Fence’ System on Saudi Arabia’s Northern Border with Iraq to Deter Encroachers
With an eye on the threat posed by the extremist group IS in Iraq and Syria and a deteriorating security situation in Yemen, Saudi Arabia has prioritized border security to safeguard the Kingdom from outside threats. A promotional video in Arabic shows how Saudi security forces monitor and deploy to deter encroachers onto Saudi soil. […]
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Red Sea Coastal Cities May Soon be Connected by Rail as SRO Chief Criticized for ‘Endless Promises’
Saudi Arabia’s coastal cities Jeddah and Jazan may soon be connected by rail as the Saudi Railways Organization completed the first phase of a feasibility study, according to a report in Arab News. P.K. Abdul Ghafour reports that businessmen and officials are welcoming the plan for a railway that would run alongside roads connecting the two coastal cities […]
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MUST-READS
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Lucid gets up to $1.5 bln in funding ahead of electric SUV rollout
Lucid Group (LCID.O), opens new tab said on Monday its largest shareholder, Saudi Arabia's Public Investment Fund, will inject up to $1.5 billion in cash, as the electric vehicle maker looks to ramp up production of a new SUV. The EV maker's shares jumped about 6% in extended trading after closing down 3.9% in the regular session.The deal comes just ahead of Lucid's planned production of its much-awaited Gravity SUV later this year and keeps the EV maker sufficiently funded till the fourth quarter of 2025.
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Lebanon housing costs surge amid property crunch as conflict fears spark exodus, echoing 2006 war
Panic set in among many residents following a recent strike near Beirut and the killing of a senior Hezbollah commander, reigniting fears of a wider conflict and prompting many to seek temporary accommodations in northern Lebanon and mountainous regions.
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US personnel wounded in attack against base in Iraq, officials say
At least five U.S. personnel were injured in an attack against a military base in Iraq on Monday, U.S. officials told Reuters, as the Middle East braced for a possible new wave of attacks by Iran and its allies following last week's killing of senior members of militant groups Hamas and Hezbollah. Two Katyusha rockets were fired at al Asad airbase in western Iraq, two Iraqi security sources said. One Iraqi security source said the rockets fell inside the base. It was unclear whether the attack was linked to threats by Iran to retaliate over the killing of the Hamas leader.
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US passes message to Iran not to escalate at ‘critical moment’ for Middle East
The United States has been urging other countries through diplomatic channels to tell Iran that escalation in the Middle East is not in their interest, a State Department spokesperson said on Monday, at what Secretary of State Antony Blinken called a "critical moment" for the region. Blinken said Washington was "engaged in intense diplomacy, pretty much around the clock" to help calm tensions amid fears Iran is preparing a retaliatory strike against Israel.
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Saudi Arabia’s Aramco reports lower half-year profits as economic worries dampen energy prices
Saudi oil giant Aramco reported half-year profits Tuesday of $56.3 billion, down from the year before amid worries about a slowing global economy. Aramco, formally known as the Saudi Arabian Oil Co., said its overall revenue for the half-year was $220.7 billion, up from $218.6 billion the year before. Profits in 2023 were $61.9 billion, nearly $5 billion higher.
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Saudi’s small crude price hike for Asia shows bigger concerns
Asia's beleaguered oil refiners have received welcome relief on two fronts as crude prices slide and top supplier Saudi Arabia offered some relief. Saudi Aramco , the kingdom's state-controlled producer and the world's largest oil exporter, raised its official selling prices (OSPs) for September-loading cargoes for Asian customers by less than expected. The benchmark Arab Light grade saw an increase of 20 cents a barrel to a premium of $2 barrel above the Oman/Dubai average, Aramco said in a statement on Monday.
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Mandarin teachers get ready for Saudi Arabia
A total of 175 Chinese language teachers for primary and middle schools will begin their careers in Saudi Arabia in mid August. They will become the first batch of Mandarin teachers to serve in Saudi Arabia, honoring an agreement on enhancing cooperation in Chinese language education that the two countries made last year. They completed pre-service training at Tianjin Normal University from July 29 to Friday.
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Saudi Arabia’s World Cup Playbook
In many ways, the tournament will be the culmination of Saudi Arabia’s ambitions in the sport. Three years ago, the country’s powerful wealth fund bought Premier League club Newcastle United. Cristiano Ronaldo, one of the biggest names in the sport, joined local club Al Nassr for an estimated $200 million annual salary. Efforts to recruit Lionel Messi for $400 million a year didn’t pan out, but Brazilian Neymar and French striker Karim Benzema now play in the Saudi league.
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Saudi Arabia’s tourism transformation is all about diversification: Video
Religious tourism has long been a major driver for Saudi Arabia's economy. The government is now targeting growth in its wider travel and tourism industry, with potential gains for the private sector.
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U.S. to send more warships, fighter jets to Middle East to bolster defenses
The U.S. military will deploy additional fighter jets and Navy warships to the Middle East, the Pentagon said on Friday, as Washington seeks to bolster defenses following threats from Iran and its allies Hamas and Hezbollah. The U.S. is bracing for Iran to make good on its vow to respond to the killing of Hamas leader Ismail Haniyeh two days ago in Tehran - one in a series of killings of senior figures in the Palestinian militant group as the war between Israel and Hamas in Gaza rages.
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