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Recent stories from sustg

  • 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.

     
  • Property rents soar in Saudi Arabia, analyst report shows
     

    Residential property rents in Saudi Arabia’s main cities have increased by up to 15% in some locations in the first six months of the year. The latest analysis report from real estate consultants CBRE explains that an increasing population and a rapid rise in per capita GDP has led to soaring rents. There has been […]

     

MUST-READS

  • Saudi Arabia’s crude exports hit nine-month high in March

    Crude exports from the world's largest oil exporter increased 1.5% to 6.413 million barrels per day (bpd) in March, up from 6.317 million bpd in February.
    The country's crude production fell to 8.973 million bpd in March from 9.011 million bpd in the prior month.
    Data also showed that Saudi refineries' crude throughput fell by 0.115 million bpd to 2.560 million bpd and direct crude burning declined by 53,000 bpd to 307,000 bpd in March.

  • An amazing discovery in the Kingdom of Saudi Arabia: ‘A burial represents a symbol of pharmacy’

    The astonishing discovery of hundreds of thousands of tombs, varying in shapes and sizes—some reaching dimensions of hundreds of meters—would not have been possible without the profound passion and immense interest of Saudi field researcher and anthropologist, Dr. Eid Al-Yahya. These intriguing tombs are expected to reshape our understanding of the history of the Arabian Peninsula, as well as the history and civilization of the Kingdom of Saudi Arabia in particular.

  • In Saudi Arabia, an all-women band rocks out as society loosens up: Video

    In Saudi Arabia's capital, Seera - an all-women psychedelic rock band that blends traditional Arabic melodies with the resurgent psychedelia of bands like Tame Impala - expresses itself through the arts

  • Aviation sector contributes $53 billion to Saudi GDP: Report

    The report reveals that the Saudi aviation sector contributes $20.8 billion through aviation-related activities, enabling a further estimated $32.2 billion in tourism economic activity. Additionally, aviation supports 241,000 jobs, with a further estimated 717,000 jobs in the tourism sector.

  • Powering Today’s Energy Transition: U.S.-Saudi ‘Trade Talks’ Focus on Hydrogen Horizons

    The Trade Talks series is designed in support of the 2022 U.S.-Saudi Arabia Commercial Partnership Shared Work Plan that aims to guide cooperation between the U.S. Department of Commerce and Saudi Arabia’s Ministry of Commerce in four key areas: the green economy, strengthening the role of women and small medium enterprises (SMEs), promoting innovation, and increasing two-way investment. These areas were selected based on joint U.S. and Saudi goals in support of open, prosperous markets and inclusive growth.

  • The streetwear brand building a movement in the Middle East

    Streetwear and sneaker growth may be slowing in the West — but in the Middle East, it’s just getting started. Last month, over 51,000 young people from around the UAE and the Gulf flocked to Abu Dhabi’s typically tranquil Yas Bay for the second-ever edition of Bred Festival, a five-day culture, fashion and music festival that has become a streetwear haven.

  • In divided Iran, president’s death met by muted mourning and furtive celebration

    Iran proclaimed five days of mourning for President Ebrahim Raisi on Monday, though the muted atmosphere revealed little of the spectacular public grief that has accompanied the deaths of other senior figures in the Islamic Republic's 45-year history.
    While government loyalists packed into mosques and squares to pray for Raisi and Foreign Minister Hossein Amir Abdollahian, both killed in a helicopter crash, most shops remained open and the authorities made little effort to interrupt ordinary life.

  • Is Kuwait’s National Assembly history?

    Sheikh Meshaal Al-Ahmad Al-Sabah’s decision to dissolve Kuwait’s National Assembly this month is a significant development. In an announcement on state television, the Emir declared that for “a period of no more than four years,” the parliament and parts of the constitution would be suspended and under review. “I will not allow democracy to be exploited to destroy the country,” said Sheikh Meshaal, who claimed he was required to make “difficult decisions to save the country.”

  • Cloud Seeding Program plans to cover Makkah and Holy Sites using ground-based generators

    The Saudi Regional Cloud Seeding Program confirmed that it is working to improve the weather condition in the Kingdom by making optimal use of all available opportunities and technologies. Its focusses include using ground-based generators to stimulate clouds from high altitudes rather than using aircraft. The program also noted that Makkah and the Holy Sites will be given priority while implementing this new technology of cloud seeding program.

  • Saudi Crown Prince Postpones Japan Trip Over King’s Health

    The trip set to start Monday was to have been the crown prince’s first visit to Japan since 2019. Hayashi said at a regular news briefing in Tokyo the two nations would reschedule the visit, without indicating when.