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PHOTOS: The 2013 SACM Graduation Ceremony in Washington
As part of SUSTG.org’s coverage of the 2013 SACM Career Fair and Graduation Ceremony at the Gaylord National Harbor in the Washington, D.C. area, we are pleased to follow up on our album from the Career Fair portion of the SACM-organized event to the Graduation Ceremony, which took place in the hotel’s sprawling exhibition space […]
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PHOTOS: The SACM 2013 Career Fair Held at National Harbor
The 2013 SACM Career Fair kicked off today at the Gaylord National Harbor hotel. Organized by the Saudi Arabian Cultural Mission to the United States (SACM), the event matched thousands of students with potential employment opportunities in Saudi Arabia.
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WHO Director General: I appreciate Saudi cooperation against the new virus
The Saudi Press Agency reports that the Director General of World Health Organization (WHO) Dr. Margaret Chan “expressed thanks to the Kingdom of Saudi Arabia for its cooperation with WHO against Coronavirus.”
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Reuters Analysis: Oil saving win-win drives Saudi solar power boom
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SACM Career Fair: U.S. Ambassador to Saudi Arabia says ‘Future is Full of Opportunity’
The U.S. Ambassador to Saudi Arabia, James Smith, wrote in Al Arabiya today a congratulatory letter for the roughly 8,000 Saudi students who are graduating this week at the SACM Career Fair and Graduation Ceremony. “More than 70,000 young Saudis and their families have chosen to study in the United States. Their presence on our […]
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5 Things to Know About the 2013 SACM Career Fair and Graduation Ceremony This Week
The 2013 SACM Career Fair and Graduation Ceremony begins this week at the Gaylord National Harbor in the Washington, D.C. area. Thousands of Saudi students will descend on the nation’s capital to participate in this impressive event, which celebrates the achievements of Saudi students on the King Abdullah Scholarship Program and matches them with real […]
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Slideshow: Coming to Riyadh’s KAFD: A Female-Designed Metro Station
A leading female architect has been chosen to be the lead architect of the forthcoming metro station in the brand-new King Abdullah Financial District, Arabian Business reports.
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Saudi Arabia: Car Manufacturer?
A new report states that Saudi Arabia is in negotiations with Jaguar Land Rover for a production line in Yanbu, an industrial city, following an initial agreement signed last year. The National reports that the Indian-owned company “can count on Saudi government investment of close to US$1 billion and some of the world’s cheapest aluminium. […]
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Saudi Aramco to open 3 research centers in the United States
Saudi Aramco announced the opening of three research centers in the United States at the Offshore Technology Conference in Houston today, according to a report in Rigzone. The three new centers in the United States will “join a worldwide network of research centers established by Saudi Aramco to leverage scientific expertise and further complement the cutting-edge […]
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Save the Date for the 2013 U.S.-Saudi Business Opportunities Forum in Los Angeles, California
The 2013 US-Saudi Business Opportunities Forum, to be held in Los Angeles, California at the JW Marriott L.A. Live on September 16-18, is the third in a series of extraordinarily successful gatherings featuring top American and Saudi government and private sector leaders and providing an ideal platform for building new and lasting business ties. Please visit www.us-saudiforum.com to register your interest.
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MUST-READS
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Russia, Germany, UK urge restraint as Iranian threat puts Middle East on edge
Russia, Germany and Britain on Thursday urged countries in the Middle East to show restraint and Israel said it was preparing to "meet all its security needs" in a region on edge over an Iranian threat to strike Israel. The German airline Lufthansa, one of only two Western carriers flying to Tehran, extended a suspension of its flights to the Iranian capital and Russia warned against travel to the Middle East.
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Opinion: A Million Dollar Middle East Peace Plan
Short-sighted leaders on both sides are fueling a new generation of violence and hatred. Hamas’s bloody terrorism is bad enough, but I wouldn’t be surprised if tomorrow the current war expands to Lebanon or Iran—or if a radiation ‘dirty’ bomb explodes in Tel Aviv, making parts of the city uninhabitable. The only good news is that the political careers of both Bibi Netanyahu and Mahmoud Abbas are clearly coming to an end. Both of these deplorable leaders have led their peoples to a dead end.
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US restricts travel for diplomats in Israel amid fears of Iran attack
The United States has restricted travel for its embassy personnel in Israel amid fears of an attack by Iran. The US embassy said staff had been told not to travel outside the greater Jerusalem, Tel Aviv or Beersheba areas "out of an abundance of caution". Iran has vowed to retaliate, blaming Israel for a strike on its consulate in Syria 11 days ago, killing 13 people. Two US officials have told the BBC's US partner CBS News that an attack could come as soon as Friday.
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Oil prices head back up on Middle East jitters
Oil prices rose in early trade on Friday on heightened tensions in the Middle East, where Iran has promised to retaliate for a suspected Israeli air strike on its embassy in Syria, which could risk disruptions to supply from the oil producing region. Brent crude futures climbed 34 cents, or 0.38%, to $90.08 a barrel, while U.S. West Texas Intermediate crude futures rose 44 cents, or 0.51%, to $85.45, at 0033 GMT.
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Industrial Policy is Back But the Bar to Get it Right Is High
Governments have traditionally used targeted interventions known as industrial policy to make domestic producers more competitive or promote growth in selected industries. While some developing countries continued to use it, industrial policy fell out of favor across most of the world for years, because of its complexity and uncertain benefits. Now, industrial policy appears to be back everywhere. The pandemic, heightened geopolitical tensions, and the climate crisis raised concerns about the resilience of supply chains, economic and national security, and more generally about the ability of markets to allocate resources efficiently and address these concerns. As a result, governments came under pressure to have a more active industrial policy stance.
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Al Hilal thrash Al Ittihad to win Saudi Super Cup
Al Hilal beat Al Ittihad 4-1 in the final of the Saudi Super Cup on Thursday to stay on course to win four trophies this season, with the injured Neymar watching his teammates cruise to victory. The trophy, lifted in Abu Dhabi's Mohammed Bin Zayed Stadium, is the first of the season for the Riyadh giant, but is unlikely to be the last as the team is also 12 points clear of Cristiano Ronaldo's Al Nassr at the top of the Saudi Pro League with just seven games remaining.
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Race for AI Supremacy in Middle East Is Measured in Data Centers
One of the best places to view the Gulf states’ unfolding rivalry over artificial intelligence is inside an unmarked building in an industrial park near a golf course on the outskirts of Dubai. The windowless facility is cool and extraordinarily clean. Upon entering, guests step onto sticky blue floor mats designed to prevent stray sand particles from making their way inside. Like the scorching heat outside, any speck of desert dust could be hazardous to the multimillion-dollar equipment stored within.
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Saudi banks’ foreign assets surge by 22%, reflecting robust international investments
The foreign assets of Saudi Arabia’s commercial banks surged by 22 percent in February, reaching a total of SR347.63 billion ($92.7 billion), compared to the same month of the previous year. This notable increase, as reported by recent data from the Kingdom’s central bank, also known as SAMA, reflects a significant expansion in the institution’s international holdings and investments. Conversely, Saudi banks witnessed a 38 percent surge in foreign liabilities over the same period, increasing to SR288.22 billion. This rise, which encompasses various financial obligations to banks outside the Kingdom, resulted in the calculation of net foreign assets amounting to SR59.41 billion.
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Saudi Arabia and the UAE Spur a Gulf States Space Race
The Gulf Cooperation Council states are on a transformative journey, tapping into sectors like renewable energies, sports, entertainment and tourism to diversify their traditionally hydrocarbon-dependent economies. This path has already led them to broaden their diplomatic horizons beyond their own territorial limits. Now, with space as their next grand venture, it is taking them beyond the very bounds of Earth itself. The GCC states’ ambitious space programs are driven by domestic economic ambitions and commercial interests, with key ongoing projects like the futuristic smart cities of Masdar City in the United Arab Emirates and NEOM in Saudi Arabia relying on space applications and AI technologies. But the emerging space race is also a matter of national pride. Countries like the UAE and Saudi Arabia aim to advance their space programs to enhance their global prestige and soft power. Both have made big moves in the space sector to complement their respective long-term visions, but also as part of a competitive rivalry.
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Airbus Beats Boeing for Deliveries in 2024
Boeing’s deliveries of commercial aircraft have faltered in the first three months of the year, according to the company’s reports, published yesterday. The U.S. aircraft manufacturer delivered just 83 planes in Q3, down from 130 in the same three-month period of last year. In the meantime, its sole major competitor, Europe’s Airbus, saw an uptick in Q1, having delivered 142 of their planes, marking an increase from their Q1 2023 figure of 127.
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