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Recent stories from sustg

  • As Fasting Ends, the Lessons of Ramadan Linger
     

    Before we began our three-day Eid al-Fitr holiday, marking the end of Ramadan, I came across an article in a Saudi newspaper with a checklist of what makes a successful Ramadan. First on the list: Recognizing that one can change for the better and acquiring patience and strong will. This month my deficiencies have shone […]

     
  • What Islamic Advertising in Saudi Arabia Looks Like
     

    This image of McDonald’s famous Golden Arches — the ne plus ultra of a Western brand — looks jarring in Arabic script. But in the Middle East and parts of Asia, that’s McDonald’s all-American brand.

     
  • Saudis Back Syria Rebels, Mindful of Past
     

    Overcome by the suffering of civilians in warring Syria, a professor in Saudi Arabia’s capital strips off his watch on live television to give as aid. A Saudi bride on her wedding night offers up her entire dowry of $13,000. Parents bring their children to donation centers set up around the Saudi kingdom, watching proudly […]

     
  • Saudi: strongest passenger growth in a decade as market expands
     

    After several years of sagging performance, Saudi Arabia’s aviation market reported its strongest growth in passenger traffic in more than a decade in 2011, even against the background of the Middle East’s regional social unrest. Despite the Arab Spring uprisings in North Africa and some of the Gulf states, Saudi Arabian passenger traffic boomed in […]

     
  • Top 10 salaries in Saudi Arabia
     

    Banking is one of the only sectors in Saudi Arabia to see a dip in compensation in 2012 Salary Survey. Construction project managers now earn the highest monthly salary.

     
  • Seasonality and the Saudi Stock Market
     

    A recently released note by Jadwa Investment discusses the effect that seasonal trends have on the Saudi economy, noting that while all economies have seasonal trends, “for Saudi Arabia these trends are more pronounced than for most other global economies…The slowdown in activity in the third quarter due to the long hot summer is a key driver […]

     
  • Saudi construction sector to gather steam in H2 2012
     

    The Saudi construction sector will further gather steam in the second half of 2012, the National Commercial Bank “Construction Contracts Index” for the second quarter of this year released Saturday indicated. NCB Construction Contracts Index reached 309.12 points by the end of the second quarter of 2012, with the total value of awarded contracts reaching […]

     
  • Saudi Athletes in London
     

    London 2012 was historic for both Saudi Arabia and the Olympic games. Saudi Arabia sent its first female athletes ever to the Olympics, completing a strong talking point for the games’ organizers: London 2012 was the first time every country competing in the Olympics sent at least one woman. Sarah Attar (800m) and Wojdan Shahrkhani (Judo) […]

     
  • Saudi success in show jumping underscores shift in equestrian order, helps its Olympic future
     

    Saudi Arabia appeared on the equestrian show jumping map in at the Sydney Games in 2000 when Khaled Al Eid won an individual bronze. He qualified for London but had to withdraw in July after his horse, Presley Boy, developed laminitis, a painful inflammation of the hoof. Some had considered the Sydney medal a blip, […]

     
  • Many in GCC Prefer to Get Medical Treatment Abroad
     

    While Gallup surveys show that most GCC residents are satisfied with the availability of quality healthcare in their area, outbound medical care remains an expensive problem for Gulf governments, with the UAE alone spending $2 billion per year to send its residents abroad for treatments. Patients may choose to travel abroad because of poor quality […]

     

MUST-READS

  • Saudi authorities thwart attempt to smuggle 240kg of qat

    Saudi Arabia’s Border Guard has foiled an attempt to smuggle 240 kg of qat into the country. Officers in Asir’s Al-Raboah district arrested several suspects, the Saudi Press Agency reported on Wednesday. The government has urged the public to report suspected smuggling operations or customs violations on the confidential numbers 1910 and 00 966 114208417, or via email at 1910@zatca.gov.sa.

  • Opinion: The paradox ahead for Gaza: A postwar where war goes on

    That’s the stark reality facing U.S. mediators as they seek a truce with new support from the U.N. Security Council. Even if Hamas agrees and major fighting ends, Israel will remain committed to demilitarizing the terrorist group. No future Israeli government is likely to accept less. And Hamas will surely resist.

  • Saudi equities weight on MSCI likely to climb to 4.5%: SNB Capital

    SNB Capital said the weight of Saudi equities on the MSCI Emerging Markets Index will likely rise from 4.4% to 4.5%, following the secondary offering of Saudi Arabian Oil Co. (Saudi Aramco), given the uptick of the latter’s weight on MSCI Saudi Index from 7% to 9%. This change is expected to lead to negative flows ranging between SAR 3-3.8 billion from Aramco's shares, reflecting coverage of 9-10 days based on the average daily value for three months, said the brokerage.

  • Saudi Arabia seeks firms for Rub Al-Khali power plant

    Saudi Arabia's Zakat, Tax & Customs Authority (Zatca), in collaboration with the National Centre for Privatistion & PPP (NCP), has invited companies to prequalify for a contract to develop a hybrid power plant at the Empty Quarter (Rub Al-Khali) land port. The project aims to reduce the use of diesel fuel by using renewable energy, and to ensure long-term power supply at the Empty Quarter land port.

  • Zelensky discusses peace summit on Saudi visit

    Ukrainian President Volodymyr Zelensky, on an unannounced visit to Saudi Arabia on Wednesday, said he discussed preparations for a peace summit this weekend with Crown Prince Mohammed bin Salman. Zelensky landed in the Red Sea city of Jeddah for his latest trip to the Gulf kingdom, which has sought to stay neutral in Ukraine's war with Russia. In a post on social media, he said he held an "energetic meeting" with the Saudi de facto ruler.  

  • U.S. Open could open pathways for LIV Golf players: ‘We are serious about that’

    We're two years into the ongoing split in men's professional golf. Passions have cooled, sabers have been laid down, and everyone involved seems a lot more agreeable now than they were in the volatile days of 2022. As a result, golf's powers-that-be are taking a more open approach to LIV Golf players, and that could mean opening more doors for the best players on the breakaway tour.

  • Time for haggling to stop, Blinken says of Hamas’ response

    After studying it overnight and consulting with the Qataris and Egyptians, American officials expressed some exasperation with Hamas’ response to a three-phase ceasefire proposal sent to it late last month, and that was endorsed earlier this week by a United Nations Security Council resolution.

  • SMASCO makes debut on TASI today as sixth listing in 2024

    This is the sixth listing on Saudi Arabia’s main market in 2024, after MBC Holding Group Ltd. listed on (Jan. 8), Middle East Pharmaceutical Industries Co. (Avalon Pharma) on (Feb. 27), Modern Mills Co. on (March 27) , Dr. Soliman Abdulkader Fakeeh Hospital Co. (Fakeeh Care Group) on (June 5) and Miahona Co. on (June 6).

  • Saudi Arabia launches self-driving aerial taxi service for Hajj pilgrims

    Saudi Minister of Transport and Logistic Services, Saleh Al-Jasser, launched a self-driving aerial taxi service for pilgrims during this year’s Hajj season, Saudi Press Agency (SPA) reported. The flying taxi is the world’s first to be licensed by a civil aviation authority. The flying taxi will transport pilgrims across holy sites, facilitate the swift transfer of medical emergencies and supplies, as well as deliver goods.

  • Transforming the future of Saudi aquaculture through KAUST’s partnership with MEWA

    In a world facing climate change and a rapidly growing population, food security is emerging as one of the most pressing global challenges. The Kingdom of Saudi Arabia has recognized food security as one of the key objectives of its Vision 2030 program and has launched ambitious projects to address this issue. Among the flagship initiatives is the Aquaculture Development Program (ADP), a joint effort coordinated by King Abdullah University of Science and Technology (KAUST) and the Saudi Arabian Ministry of Environment, Water and Agriculture (MEWA), aimed at transforming the nation’s food economy.

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