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Recent stories from sustg

  • The emergence of Google
     

    Saudi Arabia is one of the biggest Internet markets not only regionally but also globally. There are 190 million video views on YouTube in Saudi per day. That’s the highest number of YouTube views in the world per Internet user. The average user in Saudi watches three times as many videos a day compared to […]

     
  • Saudi Arabia All Atwitter
     

    Twitter and YouTube have become so relevant to the public discourse in Saudi Arabia that there is now a bi-weekly YouTube show solely dedicated to what Saudi users of Twitter are talking about. The new show is simply called “What Happened in Twitter” and the first episode was published today.

     
  • Saudi non-oil sector to expand 6% in 2013
     

    Saudi Arabia shows some tightness in the local financial system, reflecting a scarcity of corporate deposits, but this appears to be abating and might in any case reflect strong investment growth in the non-oil economy. Local firms continue to report strong growth in new orders, with exchange rate movements helping make non-oil exports more competitive. […]

     
  • Saudi reforms detour through Vienna faith centre
     

    Although launched by Riyadh and named the King Abdullah International Centre for Interfaith and Intercultural Dialogue (KAICIID), bin Muaammar stressed it is not a Saudi entity. “This is an international institution,” he said. “About 70 percent of the world’s religions are on its board. The centre will be a neutral place to exchange ideas.” In […]

     
  • Saudi Arabia’s Power List – 2012
     

    Welcome to the first Arabian Business Saudi Power List – our guide to the kingdom’s most influential movers and shakers. As the rest of the planet, from emerging to traditional markets, teeters on the brink of recession, the mood has never been more positive in Saudi Arabia. A high oil price has swelled the kingdom’s […]

     
  • Regional e-commerce firms set sights on Saudi Arabia
     

    Digital expert Omar Christidis, founder of ArabNet, the hub for Arab digital professionals and entrepreneurs, said that Saudi Arabia is currently the largest digital market in the MENA region – with almost 40 percent of all Arabic tweets, half of Wikipedia’s Arabic content and 35 percent of all Arabic content on the web coming from […]

     
  • For Saudi Football, a Moment in the International Spotlight
     

    Saudi Arabia’s national football team has had its ups and downs in the last decade, thus far struggling to make a name for itself as a contender in a world full of elite national teams. Nevertheless, the ups and downs of the Saudi program are closely followed by Saudis all over the world and has, […]

     
  • Jadwa Investment – November 2012 Saudi Chartbook
     

    Jadwa Investment’s Saudi Chartbook for the month of November 2012 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 third quarter earnings. To read the entire report in full as a PDF, click […]

     
  • Saudi Arabia’s SABIC sets sights on U.S. shale gas boom
     

    Saudi Basic Industries Corp (SABIC) is considering investing in the United States to capitalise on the shale gas boom there, its chief executive told Reuters on Monday. SABIC and other petrochemical producers in Saudi Arabia have been looking for additional gas supplies to fuel their expansion plans, with SABIC now casting its gaze overseas. “We […]

     
  • Saudi Arabia Seeks $6.7 Billion of U.S. Transport Planes
     

    Saudi Arabia plans to buy 20 C-130J military transport planes, five KC-130J refueling aircraft and related equipment from Lockheed Martin Corp. (LMT) valued at about $6.7 billion, the Pentagon said today in a statement.The Pentagon’s Defense Security Cooperation Agency notified Congress of the potential sale to Saudi Arabia, the agency said in a statement posted […]

     

MUST-READS

  • Saudi-Houthi Agreement: Four Scenarios and Their Potential Impact

    Less than 10 years after seizing power in Yemen, the Iran-backed Houthi militia continues to evolve — and so do the threats emanating from it. After several years of negotiations, it now seems likely that the Houthis and Saudis will reach a peace agreement, and it is worth considering how such a deal could change the group’s trajectory. This report examines a number of possible futures that could develop in Yemen over the next 1-2 years based on shifting capabilities, interests, and alliances.

  • How should a US-Saudi defence pact look?

    My chief interest here is to explore what is required to make a US-Saudi defence pact most effective and credible for both parties in the eyes of friends and foes. In other words, I am starting off with the assumption that political leaders in Washington and Riyadh have agreed to move forward on this issue. The question I now wish to address is how they can build a mutually beneficial defence structure to support the pact.

  • Opinion: A stunning victory with the shield creates an opening for Israel

    The military confrontation between Israel and Iran will doubtless have more rounds. But a rapid move up the escalatory ladder seemed unlikely after Saturday’s night’s “extraordinary feat of military prowess” by Israel, as the senior administration official called it.

  • TASI targets 12,320 points after Eid al-Fitr: Analysts

    The Saudi benchmark reached its peak during the month of Ramadan at the level of 12,883 points on March 24, when it closed lower. The market then declined for five consecutive sessions, during which it lost more than 430 points, reaching the 12,401 point-level. TASI then rebounded in the last week of trading before the Eid al-Fitr holiday, recouping around 300 points to hit 12,705 points.

  • Saudi Arabia warns of military escalation in region as Iran attacks Israel

    Saudi Arabia expressed its deep concern regarding military escalations in the region and the seriousness of their repercussions, a statement from the Kingdom’s foreign ministry said early on Sunday.

    The Kingdom called on all parties to exercise the “utmost levels” of restraint and spare the region and its people the dangers of wars.

    It also highlighted the need for the UN Security Council to assume its responsibility toward maintaining international peace and security and warned that an escalation of the crisis will have “serious consequences” if it expands.

  • Saudi Arabia imposes anti-dumping duties on 7 imports from 10 countries: Report

    Saudi Arabia imposed anti-dumping duties on seven products imported from 10 European and Asian countries, six of which are subject to the unified GCC law to protect the industry from the damage caused by dumped and subsidized imports, Al-Eqtisadiah newspaper reported.   The products included all types of cement, including clinker, from all Iranian companies, with a dumping duty of 67.5%. The duties will be applied for a period of five years ending in June 2025.

  • Commentary: Ten Days in April

    “At one point, we knew there were over 100 ballistic missiles in the sky, a very short period of travel time to Israel,” a senior U.S. administration official, speaking not for attribution, told journalists on a call today. “A period of really minutes. And the results of the defenses of course, were unclear, until all was said and done.” “As the results of defenses came in, which is when we knew the preparations and planning had succeeded, there was a bit of a relief,” the official said. “You can imagine those tense moments.”

  • Iran declares ‘new equation’ as all eyes on Israel’s next move

    However, the prospect of a regional war is very real, and entirely dependent, informed Iranian sources told Amwaj.media, on Israel’s immediate next steps. More broadly, Iran’s declaration that “the era of strategic patience is over” and that any Israeli assaults will be met with a “direct” response suggests a shift that heightens risks. At the same time, Tehran has also been careful to signal that its newfound assertiveness does not equate to aggression.

  • Iraq’s prime minister embarks on first visit to DC

    Iraqi Prime Minister Muhammad Shia’ Al-Sudani is set to meet US President Joe Biden for the first time on Apr. 15. The purpose of Sudani’s upcoming trip to Washington is to discuss “common priorities and reinforce the strong bilateral partnership,” according to the White House. The visit signals a mutual readiness to forge a new era of cooperation. Indeed, even though costly and increasingly problematic, the Iraqi prime minister’s openness to negotiate new terms for the US presence gives him an upper hand in drawing conditions agreeable to all sides.

  • Iran says it gave warning before attacking Israel. US says that’s not true

    Turkish, Jordanian and Iraqi officials said on Sunday that Iran gave wide notice days before its drone and missile attack on Israel, but U.S. officials said Tehran did not warn Washington and that it was aiming to cause significant damage.
    Iran launched hundreds of drones and missiles on Saturday in a retaliatory strike after a suspected Israeli strike on its embassy compound in Syria.
    Most of the drones and missiles were downed before reaching Israeli territory, though a young girl was critically injured and there were widespread concerns of further escalation.

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