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Recent stories from sustg

  • Saudi Chartbook – February 2013
     

    Jadwa Investment’s recently released Saudi Chartbook for the month of February 2013 assesses a number of key aspects of the Saudi economy including the real economy, bank lending, banking indicators, inflation, trade, oil, exchange rates, the TASI (Saudi Stock Market), sectoral performance, and more. [The full report from Jadwa Investment can be read here.]

     
  • MENA solar to exceed 3GW annually by 2015: Saudi leads
     

    GTM Research’s report states that Saudi Arabia and Turkey will have the highest demand, with Saudi Arabia looking to be the region’s first gigawatt-scale market by 2015. Nearly 70% of the demand is expected to come from Saudi Arabia and its K.A. CARE program and secondly, Turkey.

     
  • Islam and science: The road to renewal
     

    The tide of money is bearing a fleet of results. In the 2000 to 2009 period Turkey’s output of scientific papers rose from barely 5,000 to 22,000; with less cash, Iran’s went up 1,300, to nearly 15,000. Quantity does not imply quality, but the papers are getting better, too. Scientific journals, and not just the […]

     
  • Saudi Arabia’s Six New Economic Cities
     

    Except for King Abdullah Economic City, each of the cities has its own area specialization being developed around at least one globally competitive cluster or industry. They are also being developed according to environmental guidelines using state-of-the-art greenfield solutions. The aim is to create opportunities for the private sector by way of jobs and attractive […]

     
  • Must-see interactive 360° view from top of Burj Dubai
     

    On the heels of last month’s viral photograph of the World’s Tallest Mountain, Mount Everest, which was captured in astounding interactive detail so much so that you can zoom in and out and see the entire mountain, it looks like a similar project was done on top of Dubai’s impressive Burj Khalifa tower, currently the […]

     
  • Saudi investment in education tripled in just a decade
     

    In Saudi Arabia, the government appropriated SR204 billion ($54.4 billion) for education in its budget for 2013, from SR168 billion ($44.80 billion) in 2012, and SR150 billion ($40 billion) in 2011. Investment in human capital has become a top priority for the Saudi government, as spending on education has more than tripled since 2000. The […]

     
  • Growing Domestic Demand threatens Energy Export Position
     

    “As of yet there is no movement on the 75 cents per MMBtu price, but I expect it to rise relatively soon. Energy policymakers in the kingdom have been converging on a price hike agreement. From my discussions with them in October, there appeared to be an emerging consensus that the gas price would more […]

     
  • Living and working in a Saudi Arabian compound
     

    Fiona attended an interview in Dublin which included a short exam paper. “Four months later, my friend and I were saying goodbye to Ireland,” she states. Fiona is based in the Eastern Province of Saudi, in one of Saudi Aramco’s five health care facilities, the Dhahran Health Centre. The oil company’s health care facilities care for […]

     
  • Interview with Thuraya Al-Arrayed, Women Join Shura Council
     

    This month King Abdullah of Saudi Arabia kept his promise and appointed women to the Shura Council for the first time. The council is a non-voting, advisory body. But the inclusion of women is significant. Anchor Marco Werman speaks with Thuraya al-Arrayed, one of the Shura’s new female members.

     
  • Oil Exports, Politics and Propaganda
     

    Last month, the US mainstream media barraged us with simplistic reports about how the US will soon be producing more oil than Saudi Arabia—making America the world’s top producer. Left out of this story was the fact that the math was a bit skewed: the US may end up producing more total hydrocarbons than Saudi […]

     

MUST-READS

  • Pakistan PM Shehbaz Sharif Visits Saudi Arabia

    Pakistan’s Prime Minister Shehbaz Sharif visited Saudi Arabia earlier this week on his first foreign visit since being elected in February. In Mecca, the premier and his delegation met with Saudi Crown Prince Mohammed bin Salman. In addition, Sharif held a private meeting with the Crown Prince. What was discussed at the one-on-one meeting has not been disclosed, but Pakistan said the two leaders agreed to strengthen ties.

  • What Does Neom’s Downsize Means for Saudi Arabia’s Vision 2030?

    When launching The Line in 2021, the Saudi government had announced that 1.5 million people would be living in the city by 2030. Officials now expect there to be fewer that 300,000 residents by that time, according to a source cited by Bloomberg.The source said that officials expected only 2.4km of the 170km city to be completed by 2030. As a result of the scaling back, one contractor dismissed some of the workers it employs on site, according to a document seen by Bloomberg.

  • Cristiano Ronaldo sees red as Al Hilal beat Al Nassr to reach Saudi Super Cup final

    Al Nassr's Cristiano Ronaldo was sent off late in the game as his side lost 2-1 to Al Hilal in the Saudi Super Cup semi-final at Mohamed bin Zayed Stadium in Abu Dhabi on Monday.

    Al Hilal's Salem Al Dawsari and Brazilian forward Malcom scored twice in 11 minutes, before Sadio Mane struck a late consolation for Nassr, as Jorge Jesus's side booked their spot in Thursday's final against Al Ittihad.

    Hilal took the lead just after the hour mark when Sergej Milinkovic-Savic set up Al Dawsari on the counterattack.

  • Saudi Arabia says no recognition of Israel without two-state solution

    In the interview on Monday, Princess Reema Bint Bandar Al-Saud added that, “Riyadh will not sign any agreement without tangible commitments that serve the Palestinian cause.” She stressed that the two-state solution must be final, clear, and within a specific time frame. “Establishing relations with Israel is still within reach, but it requires a commitment to the establishment of an independent Palestinian state.”

  • Where NATO Has An Enhanced Forward Presence

    On Monday, Germany sent an advance team of 20 soldiers to Lithuania, laying the groundwork for the recently discussed establishment of a permanent brigade in the NATO country. According to Deutsche Welle reporting, the 5,000-strong strikeforce called Panzerbrigade 45 is said to become fully operational by 2027. The brigade will support the already existing so-called NATO Enhanced Forward Presence in the Baltic country, which, in contrast to Panzerbrigade 45, rotates its personnel regularly and was made up of soldiers from Germany, Belgium, Czechia, Luxembourg, the Netherlands, Norway and the United States as of December 2023. As our chart shows, Lithuania is one of eight nations with such a force that's, according to NATO itself, "defensive, proportionate, transparent and in line with the Alliance’s international commitments and obligations".

  • Emerging Markets Are Exercising Greater Global Sway

    The global economy is increasingly influenced by the Group of Twenty’s large emerging markets. Over the past two decades, these economies have become much more integrated with global markets and are generating larger economic “spillovers” to the rest of the world.

  • Saudi industrial sector sees 63% surge in new investments

    Saudi Arabia’s industrial sector experienced a 63 percent increase in new investments in 2023, amounting to a SR15 billion ($3.99 billion) rise compared to the previous year. According to the annual report from the Saudi Authority for Industrial Cities and Technology Zones, the cumulative funding last year reached SR415 billion, distributed across 891 projects encompassing both local and foreign ventures.

  • Saudi Arabia echoes India’s stand on Kashmir in joint statement with Pak

    A joint statement issued by Saudi Arabia and Pakistan stressed the importance of dialogue between Pakistan and India to resolve the outstanding issues between the two countries, especially the Jammu and Kashmir dispute.

  • Saudi Arabia lowers predicted number of residents at The Line by 2030

    The scaling-back of the project is because Saudi Arabia's sovereign wealth fund hasn't yet approved Neom's 2024 budget, the source said. Bloomberg has previously reported that the wealth fund is trying to find new cash sources to help finance the project. The Line, which was originally announced in 2021, would link the Red Sea coast with the northwest of Saudi Arabia and is the most well-known of the Neom projects, which will cover 26,500 square kilometres in northwestern Saudi Arabia in total.

  • Saudi Arabia’s economic diversification: Driving growth beyond oil

    “The PMI for Saudi Arabia showcased a notable upswing as the non-oil economy exhibited expansion in the most recent period,” Naif Al-Ghaith, chief economist at Riyad Bank, said in a statement. “Business activity experienced a substantial uptick, marking the most significant growth in six months. The positive momentum also prompted accelerated purchasing activities and additional hiring, underscoring a buoyant market outlook.”