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Recent stories from sustg

  • The Saudi Economy 2013 and Investment Opportunities – CIT
     

    The Committee for International Trade is active in many countries promoting Saudi trade. In the United States it is a primary organizer of the US-Saudi Business Opportunities Forums that have been held in Chicago (2010) and Atlanta (2011).  The third in this series will be announced soon.  The Secretary General of CIT, Mr. Omar Bahlaiwa, […]

     
  • 2013 SACM Career Fair to Begin May 24 at the Gaylord Hotel, will host at least 8,000 Graduates
     

    SACM’s Career Fair will take place on May 24th, 2013 at the Gaylord National Harbor just outside of Washington, D.C., according to the Saudi Cultural Attache’s Office at the embassy in Washington. The joint graduation and career fair is an impressive event, in which graduating Saudi students descend on the U.S. capital to celebrate their […]

     
  • Incredible Photos from North Dakota’s Oil Boom
     

    For fans of high quality photographs, Alan Taylor’s In Focus blog hosted at TheAtlantic.com is worth following. Taylor regularly compiles stunning images on a wide range of subjects, and most recently had excellent posts on the conflict in Mali, the do-it-yourself weapons of Syrian rebels, one man’s journey to Iran, and many others. The blog’s latest collection […]

     
  • Cyberattacks are nation’s top security threat
     

    Yesterday, Director of National Intelligence, James Clapper, testified before the Senate Intelligence Committee’s annual hearing on worldwide threats.  Mr. Clapper prioritized the threat of cyber attacks above all other threats.  “Our statement this year leads with cyber, and it’s hard to overemphasize its significance,” said Clapper, reading a statement on behalf of himself, FBI Director […]

     
  • Al-Rabiah to Promote Saudi Auto Industry in U.S.
     

    The U.S.-Saudi Arabian Business Council (USSABC) issued a press release today to announce a new conference in Michigan to promote the Saudi auto industry. H.E. Tawfiq al Rabiah, the Saudi Minister of Commerce and Industry, is listed as a confirmed speaker of the event, which will “bring together senior Saudi Government officials, major Saudi industrialists, […]

     
  • Top 10 Salaries In Saudi Arabia
     

    The 2013 Gulf Business Salary Survey suggests it is good to be a CEO or managing director in Saudi Arabia; especially if you are a banking professional.  The Survey also examines trends with regard to Arab, Western and Asian professionals and the impact of Nitaqat on small and medium sized companies.

     
  • Saudi Youth Filmmaking on the Rise
     

    Social media continues to catalyze Saudi Arabia in unpredictable ways.  Fatima Al-Arjan takes a look at the rise of video blogging ‘vloggers.’  Short videos – some 36 seconds at maximum – have proliferated.  While sometimes a platform for controversial posts, like many on-line communities, this one seems to be maturing. In a related item, female […]

     
  • Saudi Prince Alwaleed Joins Twitter
     

    HRH Prince Alwaleed Bin Talal has joined Twitter, the microblogging social network in which the Prince holds a 3% stake. In an announcement in both Arabic and English on his official handle, @Alwaleed_Talal, Alwaleed’s office noted that the businessman will soon be active on Twitter:   The Private Office of HRH Prince Alwaleed Bin Talal […]

     
  • Lockheed Nets $253 Million Training Contract
     

    US-based Lockheed Martin will provide Virtual Training Technologies in support of Saudi Arabia’s F-15SA Modernization Program. The news comes on the heels of a recent announcement that the company had set up a branch in Riyadh on February 8th.  — According to a Press Release, Lockheed Martin, the Bethesda, Maryland-based aerospace company, has received a contract […]

     
  • Keystone: Saudi Arabia’s First Idea Translation Lab
     

    Many people are familiar with the King Abdullah University for Science and Technology (KAUST) and it’s glittering $20 billion endowment.  Founded in 2009 and sited north of Jeddah on the Red Sea, KAUST intends to be a global caliber research university as well as an educational and social bellwether that allows co-ed education.  The KAUST […]

     

MUST-READS

  • Saudi anti-corruption agency finds hidden, destroyed evidence in food poisoning cases

    Initial investigations into the recent cases of food poisoning reported in Riyadh found that several attempts had been made to conceal or destroy evidence, Saudi Arabia’s Oversight and Anti-Corruption Authority (Nazaha) said in a statement on Thursday.

    The investigation suggested potential collusion by a small number of food inspectors who prioritized personal gain over public health and safety, the statement added.

  • Fincantieri continues Middle East push with Saudi Arabia subsidiary

    The Saudi unit will support the kingdom’s development agenda, focusing on the cruise, defence and offshore sectors and developing more energy-efficient ships, in line with Saudi Arabia’s own stated goal of culling its emissions by 2060. The announcement was made at the margins of an industry conference in Riyadh themed Where Vision Meets Maritime Excellence, attended by Saudi and Italian government officials including Italy’s Deputy Prime Minister and Minister of Foreign Affairs.

  • Saudi Arabia spending big for a place on the gaming map

    "We don't pause. We don't do neutral," Savvy Games CEO Brian Ward said in a joint interview in Japan with Prince Faisal bin Bandar bin Sultan Al Saud, chair of the Saudi eSports Federation. "It's a good time to be in the market, looking for good teams in studios," said Ward, a former executive at "Call of Duty" maker Activision Blizzard, Electronic Arts and Microsoft.  

  • Saudi Aramco interested in buying minority stake in Repsol’s renewable unit, Expansion reports

    State-controlled oil company Saudi Aramco (2223.SE), opens new tab is interested in buying a minority stake in the renewable unit of Spanish oil company Repsol (REP.MC), opens new tab, newspaper Expansion reported on Friday, citing unidentified market sources.
    Saudi Aramco has approached Repsol as it is mostly interested in the Spanish company's renewable assets in the U.S. The Saudi giant had not filed a formal offer yet, Expansion said.

  • ‘Norah,’ Saudi Arabia’s first Cannes Film Festival entry, makes international debut

    The Saudi film ‘Norah,’ Saudi Arabia’s maiden entry into the Cannes Film Festival, was screened on Thursday for international audiences for the very first time at the 77th edition of the festival.

    The film was screened at Cannes’ prestigious Un Certain Regard, “a certain look,” section – a significant symbol of the Kingdom’s rapidly growing film industry following the lifting of a 35-year-old ban on cinema in 2017.

  • Are new agencies meeting Saudi brand needs?

    The Saudi Arabian marketing landscape is abuzz with new agencies emerging almost daily, each promising unparalleled creativity to eager brands. Amidst this whirlwind of pitches and presentations, the question arises: are these agencies genuinely addressing the evolving needs of Saudi brands? Campaign Middle East heard from Abdulelah Al Nahari, Business Director at Fuse Integrated. He shed light on what new agencies entering the Saudi market should keep in mind in the early stages of their operations.

  • Saudi Arabia’s envoy opens ‘Al-Mangour: Loved and Beloved’ exhibition in US

    Princess Reema bint Bandar, Saudi Arabia’s US ambassador, opened the exhibition “Al-Mangour: Loved and Beloved” in Washington on Wednesday. The work by Saudi Arabia artist Ahmad Angawi was presented by the Saudi Embassy and the International Finance Corporation. The exhibition, held at the IFC’s headquarters, showcases the beauty of Al-Mangour, the traditional Hijazi craft that consists of wooden latticework forming a mesh-like screen.

  • Saudi Arabia’s non-oil exports rise 3.3 percent to $18.6 billion in Q1 2024

    Saudi Arabia’s non-oil exports, including re-exports increased by 3.3 percent in the first quarter (Q1) of 2024, reaching SAR69.8 billion ($18.6 billion) on an annual basis. 

    According to data from the Saudi Statistics Authority, national non-oil exports excluding re-exports declined by 5.2 percent, while the value of re-exported goods rose by 31.5 percent during the same period.

    Commodity exports in Q1 2024 decreased by 5.7 percent compared to Q1 2023, as oil exports fell by 8.3 percent to SAR221.87 billion. The total value of commodity exports stood at SAR291.7 billion ($77.77 billion).

  • Goldman Sachs first Wall Street bank to get green light for Saudi Arabia HQ

    Goldman Sachs has reportedly become the first Wall Street bank to obtain a license to open a regional headquarters in Saudi Arabia, as the kingdom deepens its financial markets amid sweeping economic reforms. The US-headquartered investment bank received a license from the Saudi Ministry of Investment to set up its regional headquarters in Riyadh, the capital, Bloomberg reported Thursday.  

  • Saudi Arabia provides Jordan with equipment for airdrop of relief supplies in Gaza

    Saudi Arabia, represented by the King Salman Center for Relief and Humanitarian Aid (KSrelief), has supplied equipment and tools to Jordan, represented by the Jordanian Hashemite Charitable Organization, to be delivered to the Jordanian Hashemite Armed Forces (Arab Army) and relevant authorities. This is aimed to support the humanitarian efforts made by Jordan to deliver aid to the Gaza Strip to alleviate the severity of the humanitarian conditions prevailing there, by providing parachutes and nets designated for airdrops of humanitarian aid weighing 30 tons.