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Recent stories from sustg

  • US Eximbank OKs record-breaking $5 bln loan for Saudi petchem complex
     

    In its largest job-supporting authorization to date, the board of the Export-Import Bank of the United States (Ex-Im Bank) has approved a $4.975 billion direct loan to Sadara Chemical Company for the export of American goods and services required in the construction of a petrochemical complex in Jubail Industrial City II in the Kingdom of […]

     
  • Saudi restoration commemorates pact of princes, clerics
     

    Climb the rickety ladder through the Emir Omar bin Saud Palace courtyard in crumbling Diriyah and the image of old Saudi Arabia suddenly appears in an adobe roofscape set against dark green palms. The caramel tones of the mud walls, the smell of dust mingling with water and the muffled clanging of hammer on stone […]

     
  • U.S. Approval Eroding in MENA Before Film Controversy
     

    Approval of U.S. leadership in the Middle East and North Africa (MENA) region was already slipping before the recent wave of anti-U.S. protests across the region. An average of 20% of adults across 12 MENA countries Gallup surveyed between January and May 2012 approved of the job performance of the leadership of the U.S. This […]

     
  • Jadwa: Private sector leads real GDP growth in Q2
     

    Jadwa Investment recently released a report about GDP growth in Saudi Arabia, noting that the private sector was leading real GDP growth in the second quarter of 2012. Latest economic growth data released last week confirm that the healthy performance of the Saudi economy continued into the second quarter of 2012 albeit at slower pace than previous […]

     
  • Abdullah Alireza speaks at C3 Summit
     

    SUSTG attended the C3 Summit in New York City September 13-14, 2012. This was the inaugural event in what the organizers anticipate will be an annual gathering to ‘build new relationships, foster existing partnerships and exchange best practices’ between the U.S. and the Arab world. C3 (Community, Collaboration and Commerce) is looking to host the […]

     
  • Saudi Arabia says job-creation policy bears fruit
     

    Saudi Arabia, grappling with chronic youth unemployment, has created 380,000 new jobs in 10 months by requiring private firms to employ Saudis, Labor Minister Adel al-Fakeih said, the Saudi Gazette reported on Monday. “This figure is 20 times what had been previously achieved over the past five years before Nitaqat (the main jobs program) was […]

     
  • Total US-Saudi Bilateral Trade Reaches Record-High $39 Billion in H1 2012
     

    Total bi-lateral trade between Saudi Arabia and the United States reached $39 billion in the first six months of 2012, a record high for any half to date.  Below are some key US-Saudi trade figures for the first half (H1) of 2012 provided to SUSTG by the Saudi Commercial Office at the Royal Embassy of […]

     
  • ‘A Disciplined Approach To Forward-Looking Policymaking’
     

    A recently released report by the Center for Strategic and International Studies on Saudi Arabia’s energy policy finds that the Kingdom is pursuing a “disciplined approach to forward-looking policymaking.” The report was published by Hisham Akhonbay, who is a visiting fellow with the Energy and National Security Program at CSIS from the King Abdullah Petroleum […]

     
  • Will Saudi Arabia become an oil importer by 2030?
     

    THIS was the question asked all of this past week all over the world. Thousands of stories were filed on the topic, following speculation by a Citigroup analyst that Saudi Arabia may start importing oil by 2030. According to that theory, by 2030, Saudi consumption of oil would outstrip production and we could be importing […]

     
  • Saudi Mortgage Law: Key Details Still to be Determined
     

    Saudi Arabia faces housing challenges caused by rapid population growth and an inflow of expatriate workers to the kingdom.

     

MUST-READS

  • Riyadh Air’s first intake of female Saudi engineers commence diploma course

    The female engineers will study under the supervision and guidance of Aviation Australia and the International Aviation Technical College at Riyadh Airport, this follows an MOU signed between Riyadh Air and the Colleges of Excellence in August 2023 and is the first collaboration of many between the organisations.

  • WWE King & Queen of The Ring Set to Return in Saudi Arabia

    WWE’s decade-long deal with Saudi Arabia is still going strong as there are still quite a few events left as part of their ongoing deal. Their next event will be taking place in May and now it appears it will feature the King & Queen of The Ring this time around.

  • Staff at France’s EDF question involvement in futuristic Saudi city

    Some employees of French energy giant EDF want the company to reconsider its involvement in a hydro-electric plant in the Saudi desert that would power Crown Prince Mohammed bin Salman's futuristic megacity Neom, following concerns over the project's sustainability and alleged human rights abuses. Neom is being built in the Tabuk region in northeast Saudi Arabia on some 26,000km2 of land, an area the size of Belgium.

  • Eid Al Fitr 2024: Shawwal moon not sighted in Saudi Arabia

    The moon sighting committee in Saudi Arabia declared that the Shawwal crescent could not be sighted in the Kingdom today. As a result, the holy month of Ramadan will continue until April 9, lasting 30 days. Eid Al Fitr will, therefore, be observed on April 10. The Supreme Court of Saudi Arabia had called on all Muslims across the Kingdom to sight the Shawwal crescent on the evening of Monday, Ramadan 29. The sighting of the Shawwal moon marks the end of the holy month of Ramadan and the beginning of Eid Al Fitr.

  • Etihad Expands To 76 Destinations With Airbus A320s To Saudi Arabia’s Al Qassim

    In most parts of the world, Etihad Airways is known for its ultra-luxurious long-haul flights across continents, but it also has a thriving short-haul network served mainly by Airbus A320 Family aircraft. Last Friday, the full-service carrier announced adding a new route from Abu Dhabi to Al Qassim in Saudi Arabia, which will commence in June.

  • ‘Reef Saudi’ Invests USD16.2 Million to Elevate Saudi Arabia’s Coffee Production

    The ‘Reef Saudi’ initiative, focused on Sustainable Agricultural Rural Development, is revolutionizing the Kingdom’s coffee industry. Since 2020, an initial investment of SR61 million has empowered 3,718 individuals engaged in coffee cultivation and production. This commitment signals a transformative surge in Saudi Arabia’s coffee output, soaring from 800 tons in 2020 to 1,485 tons in 2023, marking a remarkable 37% increase.

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

    Saudi Arabia’s non-oil sector is experiencing a surge in activity, signaling a pivotal turning point in the Kingdom’s economic diversification efforts. With recent data indicating a growth trajectory, the country stands poised to redefine its economic landscape beyond its traditional reliance on oil revenues.

  • Princess Reema, Saudi Ambassador, Navigates Rough Waters in Washington

    In the five tumultuous years since her arrival, Saudi Arabia’s fortunes in Washington, and Princess Reema’s, have turned. Russia’s invasion of Ukraine and the need for Saudi support in the oil markets led Mr. Biden to a diplomatic fist-bump with the crown prince in Jeddah in the summer of 2022. Princess Reema, with the assistance of her kingdom’s multimillion-dollar lobbying and publicity machine, has been a high-profile part of the grudging détente.

  • Opinion: Premier Tour proposals signify Saudi influence and a tipping point for tennis

    For decades, the length of the season has put a strain on players and it is one of numerous complaints that have gone unresolved. Players outside the top 100 also still struggle to break even, with inflation devouring the modest prize money on the ITF World Tennis Tour. The calendar is fractured and illogical, failing to minimise travel distances between tournaments along with the sport’s carbon footprint.

  • Saudi Aramco Suspends Two Oil Contractors

    Aramco has served notices of temporary suspension to two oilfield service contractors, Zawya has reported, citing the companies. According to one of them, Borr Drilling Limited, the suspension will begin this month and last for a year, the report said. Borr Drilling operates the Arabia I rig in Saudi Arabia and said it would look to move the rig elsewhere for the duration of the suspension. The other company, Valaris, has also received a suspension for one rig, out of a fleet of 19 that its Saudi subsidiary operates in the kingdom. The contract for the rig was ending at the end of this year, the report noted.