Palestinians throughout the Gaza Strip face a “plausible” risk of famine in the coming months, according to the latest analysis by Integrated Food Security Phase Classification (IPC). “A high risk of Famine persists as long as conflict continues, and humanitarian access is restricted,” it said.
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The Reliable Supplier: Saudi Economy Expert Explains Why the Shale Boom in the United States is Actually a Good Thing for Riyadh
- January 24,2014
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- Lucien Zeigler
In a recent article for Foreign Affairs magazine, Saudi economy expert and investment banker Dr. John Sfakianakis writes that while it may be easy to think that the shale boom in the United States is threatening to the world’s largest oil producer in Saudi Arabia, there are several reasons that more production from the United […]
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This Cool Timelapse Video of Saudi Arabia’s Capital, Riyadh Shows an Amazing Sunset (and Terrible Traffic) [VIDEO]
- January 23,2014
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- Lucien Zeigler
Riyadh, Saudi Arabia’s capital city, is a rapidly growing metropolis – one that has benefitted greatly from soaring governmental spending on infrastructure and development. While in Riyadh last month, SUSTG created an HD time lapse video from the roof of the Council of Saudi Chambers building, looking down King Fahd road toward Riyadh’s iconic Kingdom […]
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Saudi Arabia in 2013: 25 Events That Changed the Kingdom
- December 31,2013
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- Lucien Zeigler
2013 was an eventful year for Saudi Arabia – an oasis of relative calm in an otherwise stormy Middle East region. The year saw a more assertive Saudi foreign policy, incremental advances in women’s rights, and the enforcement of controversial government policies aimed at putting Saudis back to work. It was also a year of […]
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Several Prominent Saudi Voices Continue to Express Discontent with Western Policies toward Iran, Syria
- December 18,2013
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- Lucien Zeigler
In a hard-hitting New York Times op-ed, Saudi Arabia’s Ambassador to the United Kingdom Prince Mohammed Bin Nawaf Bin Abdulaziz Al Saud wrote that while the Western-Saudi relationship friendship has lasted for decades, Saudi Arabia will pursue its own interests in the Middle East, even if they diverge from those of the Western powers.
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Walid Abukhaled to Head Northrop Grumman KSA
- December 16,2013
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- Lucien Zeigler
Deputy Minister for Industrial Affairs at the Saudi Ministry of Commerce & Industry, Walid Abukhaled, has been selected by Northrop Grumman to head its Saudi Arabia operations, the company said in a press release today. H.E. Mr. Abukhaled, who spoke in September at the 2013 U.S.-Saudi Business Opportunities Forum in Los Angeles, California, was former […]
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UPDATE: Saudi Arabia Declines Seat on the U.N. Security Council for Two Year Term
- October 17,2013
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- Lucien Zeigler
Saudi Arabia has been elected to the United Nations Security Council as a non permanent member, a seat the Kingdom will hold for two years. However, a Foreign Ministry statement said that it would decline to take the seat. Reuters reports that a “decision of such magnitude would have to have been taken by King Abdullah […]
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Mecca has five times more hotel rooms than any other Saudi city
- April 2,2014
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- Lucien Zeigler
Saudi Arabia’s holy city of Mecca has more than five times as many hotels as any other city in Saudi Arabia, according to a lengthy report on the Saudi tourism sector in Arab News. That report highlights the growth in the hotel industry – put at 172 percent in the last decade – especially to tourist destinations […]
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Are U.S. Companies Missing Out on a Saudi Nuclear Bonanza?
- April 25,2013
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- Lucien Zeigler
The recently-completed Saudi Sustainable Energy Symposium at the Ritz Carlton Riyadh brought high-level officials and companies together to discuss “a common understanding between all stakeholders” concerning the development of the Kingdom of Saudi Arabia’s sustainable energy program, of which nuclear energy is a big part. The event was hosted by the King Abdullah Center for […]
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These Amazing Instagrams Show How Much Saudi Arabia’s Capital Riyadh Has Grown in the Last Decade
- October 30,2013
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- Lucien Zeigler
Saudi Arabia’s capital, Riyadh, has undergone dramatic growth and modernization during the last decade – an extraordinary period of economic expansion and population growth. Riyadh’s population now exceeds 5 million with its metropolitan area claiming close to 7 million people.
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Saudi Flood Toll: 11 killed, 4 still missing
- November 21,2013
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- SUSTG Team
Floods that have ravaged Saudi Arabia from its capital, Riyadh, to regions in the Kingdom’s Eastern Province have claimed 11 lives, with four individuals unaccounted for, according to official figures released by Saudi Arabia’s state-run news agency. The SPA reports that out of those killed, seven were in Riyadh Region, two in the city of […]
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MUST-READS
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Difficulties Facing a US-Saudi Security Agreement
Aligning Israeli and Saudi interests is hard enough without having to balance them against the domestic political buy-in that the Biden (or Trump) administration would need for every element of a normalization agreement to move toward implementation. The lack of any significant support from the current Israeli government makes it harder still to imagine that the bilateral aspects of a US-Saudi deal could go forward, albeit that a civilian nuclear agreement might be reached without requiring congressional approval and could function as a sequential step in a longer and more-drawn-out process.
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Saudi Arabia Warns of Misleading Hajj Visa Practices by Foreign Companies
Saudi Arabia has raised concerns about tourism companies from other countries misleading visa holders into taking part in the Hajj pilgrimage. Talal Shalhoub, security spokesperson for the Saudi Interior Ministry, announced on Monday that these companies issued visas not intended for Hajj and encouraged travelers to break regulations by arriving in Mecca two months ahead of the pilgrimage season, the Saudi Press Agency reported.
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Saudi Arabia’s Qiddiya City unveils groundbreaking performing arts center
Qiddiya Investment Company (QIC) on Monday unveiled plans to launch a groundbreaking Performing Arts Center that is set to become a new cultural icon in Saudi Arabia, the Saudi Press Agency (SPA) reported. The addition aims to enrich Saudi Arabia’s cultural landscape and enhance the array of attractions within Qiddiya City, according to SPA.
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Saudi’s Chemanol signs 20-year methanol agreement with Aramco and TotalEnergies
Under the agreement, Chemanol will supply 100,000 metric tonnes of methanol annually for SATORP’s Amiral project, starting by the end of 2027. The financial impact of this deal remains uncertain due to potential changes in market conditions and product prices at the time of supply, as noted by Chemanol. The company will provide updates on any developments in this regard.
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GCC’s non-oil sector sees robust growth despite production cuts, ICAEW says
The non-oil sector will remain the key growth driver in the GCC in 2024 and beyond, according to the Institute of Chartered Accountants in England and Wales (ICAEW), as regional countries’ fiscal positions are expected to weaken following the extension of crude production cuts by OPEC+ in June.
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Mapping the World’s Readiness for Artificial Intelligence Shows Prospects Diverge
Our research has already shown how AI is poised to reshape the global economy. It could endanger 33 percent of jobs in advanced economies, 24 percent in emerging economies, and 18 percent in low-income countries. But, on the brighter side, it also brings enormous potential to enhance the productivity of existing jobs for which AI can be a complementary tool and to create new jobs and even new industries.
- Half-million Gazans face ‘catastrophic’ hunger levels, U.N.-backed report says
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Israel’s high court orders the army to draft ultra-Orthodox men, rattling Netanyahu’s government
Israel’s Supreme Court on Tuesday ruled unanimously that the military must begin drafting ultra-Orthodox men for compulsory service, a landmark decision that could lead to the collapse of Prime Minister Benjamin Netanyahu’s governing coalition as Israel continues to wage war in Gaza.
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Transforming Saudi Arabia: Embracing AI For The Future Of Work
Saudi Arabia has committed to massive investments in artificial intelligence which will make it both the largest player in the Middle East and a globally important one. A Saudi tech fund was announced earlier this year with the participation of American banks which will fund to the tune of $40 billion.
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Saudi Islamic Banks Supported by Solid Operating Environment; Liquidity Tighter
Saudi Islamic banks are well-placed in the banking sector, with larger retail franchises supporting higher margins, a lower cost of funding, and better asset quality. In general, financing growth has outpaced lending over the past few years, supported by the requirement for residential mortgages to all be sharia-compliant. Islamic banking is dominant in Saudi Arabia, with the largest proportion of Islamic financing (85%) of any country that allows conventional banks to operate alongside Islamic banks.
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