Recent stories from sustg

  • Saudi Arabia, UAE set for clean energy revolutions
     

    Despite their vast oil reserves, Saudi Arabia and the UAE are poised for “green revolutions” set to transform the Gulf’s energy landscape. The two states have made major strides recently in using clean renewable energies. In the middle of oil-rich Abu Dhabi, a sandy stretch near the emirate’s airport is a field of solar panels […]

     
  • Jadwa Investment – December 2012 Saudi Chartbook
     

    Jadwa Investment’s Saudi Chartbook for the month of December 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 more. A summary of the report is provided for your consideration below, and the […]

     
  • AME Info’s series on doing business in Saudi Arabia: a guide to the guide
     

    AMEinfo, based in Dubai’s Media City, is a well-known provider of business news and information covering the Gulf and larger Middle East.  Founded in 1993 it was acquired by London-based Emap Communications in July 2006.  Emap also owns MEED. The AME info site now claims over two million readers monthly.

     
  • 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, […]

     

MUST-READS

  • Saudi Arabia’s futuristic ‘mega cities’ could be quietly downgraded: report

    Continued low oil prices mean that some of the more ambitious elements of NEOM - such as The Line project - might be reduced in size and constructed over a longer period with the source telling the BBC that the planned 170km linear city will be just 2.4km in length when its first stage is completed in 2030. "The decision will be based on multiple factors," an anonymous advisor told the BBC.

  • Despite mediation efforts, the risk of an all-out Israel-Hezbollah war is rising rapidly

    • The war of words between Hezbollah and Israel continues to escalate, with Hezbollah Secretary-General Hassan Nasrallah stating in a speech on June 19 that if Israel were to mount a large military offensive against the group, there will be “no rules” and “no ceilings” to its response.

  • Saudi Arabia shortens Friday sermons until end of summer

    The sermon preceding the Friday noon prayers at Islam's two holiest mosques in Saudi Arabia will be shortened to a few minutes until the end of summer to ease the burden on worshippers amid the extreme heat in the kingdom. Under a royal directive, the duration of the Friday sermon and prayers in the two Holy Mosques will be reduced to 15 minutes, starting yesterday and continuing until the end of summer, a senior Saudi official has said.

  • IPOs, pre-Eid selling weigh on Saudi market: Analysts

    Analysts surveyed by Argaam said that the market experienced negative performance last week, with the Tadawul All Share Index (TASI) dropping by 4% year to date. This drop is attributed to pressures from IPOs, falling oil prices, the Federal Reserve meeting, and pre-Eid Al-Adha selling.

  • Saudi Arabia Loads Up on Debt Amid Growing Megaproject Bills

    The kingdom added around $17 billion in new sovereign debt in the first three months of the year, hitting its total target for all of 2024. The borrowing is part of Saudi Arabia's dash for cash to feed the hugely expensive megaprojects that anchor its planned economic revamp. Saudi Arabia's debt level remains conservative versus Western economies. Its sovereign debt equaled about 27% of gross domestic product last quarter, well shy of the 60%-plus seen in much of Europe.

  • Saudi Equities — Five-Year Milestone and the Road Ahead

    Since May 2019, the MSCI Saudi Arabia and MSCI Tadawul 30 Indexes and the MSCI Saudi Arabia Investable Market Index (IMI) have outperformed the MSCI Emerging Markets IMI. The MSCI Tadawul 30 Index, jointly launched by MSCI and the Saudi Stock Exchange Co. (Tadawul), includes the top 30 stocks listed in the Saudi equity market, based on free-float-adjusted market capitalization and screened for liquidity and international investability.

  • Al-Jadaan: Saudi Arabia seeks deepening collaboration with Switzerland in diverse fields

    He said this while inaugurating the 4th Saudi-Swiss Financial Dialogue held in Zurich, Switzerland, on Thursday. Al-Jadaan headed the Saudi delegation to the conference and the delegation also included a number of senior officials from the Saudi Ministry of Finance, Saudi Central Bank, Insurance Authority, Financial Sector Development Program, and Fintech Saudi.

  • Esports World Cup in Saudi Arabia with a $60 mln prize: All you need to know

    Saudi Arabia is gearing up to host its debut Esports World Cup (EWC) in Riyadh with prize pool of over $60 million in July. The prize pool is the largest ever in the industry, to be divided into four categories – game championships ($33 million), player bounties ($1 million), qualifiers ($7 million), and a cross-game competitive format club championship ($20 million).

  • How Saudi Arabia’s plans to increase base metals production, consumption will affect markets

    The country’s ambitious plan to diversify away from oil and into metals will increase local nickel consumption and fund international mining projects, given recent massive investments in nickel-intense industries, sources said. Meanwhile, Manara Minerals’ investment in Vale’s base metals unit could lead the firm’s nickel production to increase to 3000,000 tpy from around 175,000 tpy, according to Vale.

  • Israeli Official Describes Secret Government Bid to Cement Control of West Bank

    Israeli judges have long ruled that Israel’s control of the territory is a temporary military occupation and complies with international law. A powerful minister’s recent speech, caught on tape, suggested the government is trying to change that.