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Recent stories from sustg

  • 5 More Years for Booming King Abdullah Scholarship
     

    Al Arabiya reports that the King Abdullah Scholarship Program, which has sent thousands of Saudi students to the United States and elsewhere, has been renewed for another five years in an important step that will strengthen US-Saudi cultural and economic ties. According to Al Arabiya, Minister of Higher Education Khalid Al Angari said the move was “clear […]

     
  • Drone Revelation Underscores Defense/Security Bonds
     

    The recent news reports that American remotely operated aircraft are operating against Al Qaeda targets in Yemen should come as no surprise to those who have followed the close collaboration between the United States and Saudi Arabia over the course of the historic relationship. The revelations may be uncomfortable to those who seek to keep […]

     
  • Samsung and Galaxy chocolate top brands in Kingdom in 2012
     

    Samsung ranked first in the 2012 BrandIndex Buzz Rankings for Saudi Arabia, scoring 54.9 points, YouGov market research agency said Tuesday. Galaxy Chocolate, produced by Mars Inc and Al-Qur’an Al-Kareem, a channel owned by the Saudi government, ranked second and third, scoring 53.7 and 47.4 points respectively. Sony, which ranked sixth, dropping from second place in […]

     
  • Saudi Arabia Strong Market for U.S. Companies, Ex-Im Head Says
     

    Saudi Arabia, the Arab world’s biggest economy, represents an “exceedingly” strong market for U.S. companies, Export-Import Bank Chairman Fred Hochberg said. “Part of that has been driven by in this part of the world a diversification of economies,” Hochberg said in an interview yesterday in Riyadh. “We see a lot of opportunity here. U.S. companies […]

     
  • Saudi Chartbook – February 2013
     

    Jadwa Investment’s recently released Saudi Chartbook for the month of February 2013 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. [The full report from Jadwa Investment can be read here.]

     
  • MENA solar to exceed 3GW annually by 2015: Saudi leads
     

    GTM Research’s report states that Saudi Arabia and Turkey will have the highest demand, with Saudi Arabia looking to be the region’s first gigawatt-scale market by 2015. Nearly 70% of the demand is expected to come from Saudi Arabia and its K.A. CARE program and secondly, Turkey.

     
  • Islam and science: The road to renewal
     

    The tide of money is bearing a fleet of results. In the 2000 to 2009 period Turkey’s output of scientific papers rose from barely 5,000 to 22,000; with less cash, Iran’s went up 1,300, to nearly 15,000. Quantity does not imply quality, but the papers are getting better, too. Scientific journals, and not just the […]

     
  • Saudi Arabia’s Six New Economic Cities
     

    Except for King Abdullah Economic City, each of the cities has its own area specialization being developed around at least one globally competitive cluster or industry. They are also being developed according to environmental guidelines using state-of-the-art greenfield solutions. The aim is to create opportunities for the private sector by way of jobs and attractive […]

     
  • Must-see interactive 360° view from top of Burj Dubai
     

    On the heels of last month’s viral photograph of the World’s Tallest Mountain, Mount Everest, which was captured in astounding interactive detail so much so that you can zoom in and out and see the entire mountain, it looks like a similar project was done on top of Dubai’s impressive Burj Khalifa tower, currently the […]

     
  • Saudi investment in education tripled in just a decade
     

    In Saudi Arabia, the government appropriated SR204 billion ($54.4 billion) for education in its budget for 2013, from SR168 billion ($44.80 billion) in 2012, and SR150 billion ($40 billion) in 2011. Investment in human capital has become a top priority for the Saudi government, as spending on education has more than tripled since 2000. The […]

     

MUST-READS

  • Aster DM Gulf unit explores $250m Saudi expansion

    The UAE-based hospital chain Aster DM Healthcare’s Gulf unit is exploring acquisitions worth $250 million to expand its presence in Saudi Arabia. The deals will focus on medical centres and hospitals, Bloomberg reported, quoting Alisha Moopen, managing director and group CEO of Aster’s Gulf Cooperation Council unit.  These deals will be finalised in the next three to five years, she said.

  • Commentary: Nasrallah’s death is a wake-up call for the Arab world

    This pattern of inaction extends beyond Hezbollah. In the broader Arab world, there is a growing awareness that Iran’s promises of “resistance” have only deepened regional instability, resulting in endless cycles of conflict and devastation, particularly in Lebanon, Syria and Yemen. Nasrallah’s incendiary speeches painted a picture of eventual triumph over Israel, but on the ground Hezbollah’s actions yielded little progress in the Palestinian cause, only further isolating Lebanon in its perpetual state of conflict.

  • Saudi executes 198 in 2024, most in over 30 years: AFP

    The latest tally surpassed its previous highs of 196 in 2022 and 192 in 1995, according to the London-based human rights group, which began recording the annual data in 1990. The 198 executions this year compare with 170 in 2023, according to tallies compiled by AFP from official media reports.

  • Commentary: A view from Israel – Pezeshkian’s Israel stance could undermine his domestic priorities and nuclear diplomacy

    Masoud Pezeshkian’s victory in Iran’s July presidential elections gained little attention or enthusiasm in Israel. The elections took place amid the Israel-Hamas war in Gaza following the Hamas-led attack on Israel on 7 October attack last year. It is Israel’s longest war. Israel has also been involved in a simultaneous war against Hezbollah, which started after the latter’s unilateral attack on 8 October and has escalated significantly in recent weeks. These conflicts, coupled with the ongoing hostage crisis, have taken up most of the news cycle in Israel.

  • GCC airports in expansion race as UAE, Saudi, Qatar, Kuwait, Oman spend billions of dollars on upgrades

    Even until the mid-1990s, most airlines viewed the Middle East airports as nothing more than technical stops. What started with Dubai’s ambitions to become the world’s largest travel hub with the launch of Emirates Airline in 1985, has now spread across the Middle East. Countries want to take advantage of their strategic location and capture a bigger share of the long-haul market.

  • Hezbollah says it is ready for any Israeli land invasion in Lebanon

    Hezbollah fighters are ready to confront any Israeli ground invasion of Lebanon, the group's, deputy leader Naim Qassem said on Monday in his first public address since Israel killed its chief Hassan Nasrallah last week. Israel will not achieve its goals, he said. "We will face any possibility and we are ready if the Israelis decide to enter by land and the resistance forces are ready for a ground engagement," he said in an address from an undisclosed location.

  • Saudi Arabia secures funds for 5.5GW solar projects

    The developers of solar power projects worth SAR12 billion ($3.2 billion) with a combined output of 5.5 gigawatts (GW) in Saudi Arabia have secured financing for their projects. Saudi-listed Acwa Power, Water and Electricity Holding Co (Badeel), a Public Investment Fund (PIF)-owned company, and Saudi Aramco Power Co (Sapco), a wholly-owned subsidiary of energy major Aramco, have reached financial close for the Haden, Muwayh and Al Khushaybi projects.

  • Iran condemns killing of Nasrallah, but avoids vow of revenge

    Israel’s assassination of Hezbollah chief Hassan Nasrallah has been widely condemned in Iran. Supreme Leader Ayatollah Ali Khamenei has charged that the ‘Axis of Resistance’ will intensify attacks on Israel, but stopped short of vowing any direct revenge by the Islamic Republic. This comes as some Iranians are calling for a review of nuclear policy, arguing that a nuclear deterrent is necessary to stave off an attack by Israel.

  • Social media influencers go dark on TikTok after promoting futuristic Saudi megacity

    At least five influencers who had been posting videos from Neom, the multiyear project launched by Crown Prince Mohammed bin Salman to build a high-tech megacity, have either closed their social media accounts or gone private after one video faced a wave of mockery on social media. A handful of smaller accounts within this small community of Neom-based content creators remain active, with their videos still viewable.

  • Saudi Arabia urges G20 nations to address Israel’s violations and support Palestinian statehood

    Saudi Arabia has called on G20 countries to intensify joint efforts to address the international community's failure in confronting Israel’s serious violations of international laws and norms. The Kingdom emphasized the need for a ceasefire and a path toward the establishment of an independent Palestinian state. Saudi Foreign Minister Prince Faisal bin Farhan made the remarks on Wednesday during the second meeting of the G20 Foreign Ministers, chaired by Brazil, on the sidelines of the 79th session of the United Nations General Assembly in New York.