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Recent stories from sustg

  • Gulf States Move to Diversify Income Sources
     

    Saudi Arabia, the world’s biggest oil exporter, has identified mining as a key investment area after oil and petrochemicals, and is spending an estimated $38 billion to develop two cities centered around mining…“The idea is to try and improve the range of benefits and advantages of doing business in the G.C.C. and in Saudi Arabia, […]

     
  • Moving forward with nationalisation in Saudi Arabia
     

    “Nitaqat represents an effort to introduce more incentives for companies to employ Saudis and in that sense it is an improvement on what went before,” says James Reeve, an economist at the local Samba Financial Group. “The reason you are hearing more complaints is probably because the system is being enforced with greater vigour.” Despite […]

     
  • More than half of GCC population under age 25
     

    The countries of the Gulf Cooperation Council (GCC) have a low population compared with other regions, totaling 45 million people in 2011, less than 1 percent of the global population, a recently published report read. The report, filed by Kuwait Financial Center (Markaz), highlighting the GCC demographic shift, said the region is young, with 54 […]

     
  • Saudi public sector’s bank credit rebounds
     

    Bank lending in Saudi Arabia is continuing at a generally brisk pace, the National Commercial Bank said in its “GCC Financial Market Quarterly” released Monday.The report said liquidity conditions supporting this credit expansion remain very benign. However, the growing economic confidence has begun to hit deposit growth somewhat and the annual pace of expansion decelerated […]

     
  • Jadwa Investment’s Saud June 2012 Inflation Report
     

    Jadwa Investment’s recently released June inflation report found year-on-year inflation for Saudi Arabia eased again in June, slipping to 4.9 percent from 5.1 percent in May, the first time it has been below 5 percent since August 2011. The Riyadh-based investment firm also found lower rental inflation caused most of the fall. Jadwa’s report is […]

     
  • Saudi Arabia Ghazal Defies Camels as SUV for Desert Market
     

    Saudi Arabia is venturing into a territory normally reserved for automakers. The kingdom is developing the Ghazal, a sport-utility vehicle for the hazards of the desert, to diversify its economy beyond oil. The SUV, built by King Saud University in Riyadh, is an all-wheel drive vehicle with a rugged carbon-fiber frame aimed at taking on […]

     
  • Sarah Attar Is a Saudi Trailblazer, By Way of the U.S.
     

    One of the first women to compete for Saudi Arabia at the Olympics was born and raised in California. The athletes are Wodjan Ali Seraj Abdulrahim Shahrkhani, who competes in judo, and Sarah Attar, a 19-year-old junior at Pepperdine University and a graduate of Escondido High School in California. Attar, who trains in San Diego, […]

     
  • Living Social
     

    In their pursuit to be where the young consum­ers are, brands have long identified social media as a crucial place to establish a presence. Where else will you find huge numbers of youngsters highly active and engaged? Results from market research company TNS indicate that 68 percent of MENA youth spend 12 hours per  week […]

     
  • Saudi Arabia to Send Olympic Women Athletes for First Time
     

    Saudi Arabia will send female athletes to the Olympic Games for the first time, the International Olympic Committee said, ending a ban by the kingdom where women aren’t allowed to drive. Wodjan Ali Seraj Abdulrahim Shahrkhani will compete in judo at the London Games and Sarah Attar will run the 800 meters. The athletes, who […]

     
  • Saudi Arabia Weighs Annual Budget to Boost Clean Energy
     

    An annual budget for renewables would differ from the feed- in tariffs that Germany, Spain, Italy, France and Britain offered to spur solar and wind power in their nations. Germany was first to introduce the feed-in tariff in 2004 and became the world’s biggest market for solar because of the subsidy, which is paid for […]

     

MUST-READS

  • This 256 km highway in Saudi Arabia is world’s longest road without a bend

    Saudi Arabia's Highway 10 has emerged as the world's longest straight road, surpassing Australia's Eyre Highway, according to the Guinness World Records. This achievement marks a significant milestone in transportation infrastructure, offering travellers an unparalleled journey across vast distances with unobstructed views. This 256-kilometre (159-mile) asphalt stretch cuts through the vast Rub Al-Khali desert, also known as the Empty Quarter, the largest sand desert in the world, without any bends left or right, or any appreciable gradient up or down.

  • Saudi experts on urban heritage give lectures in Paris

    Experts on urban heritage from Saudi Arabia are giving a series of lectures on the topic at the UN Educational, Scientific and Cultural Organization offices in Paris. Organized by the Saudi Heritage Commission, the program of four lectures explores some of the initiatives developed by the organization and the wider strategies on urban heritage in the Kingdom, the Saudi Press Agency reported. The first lecture delved into material and intangible methods for preserving urban heritage, while the second looked at the development of traditional architecture in Al-Ahsa.

  • Commentary: Religious tolerance is at the core of the Gulf’s strategic thinking

    It has become fashionable for many modern secularists to demonise religion as being a major barrier to peace. When they learn someone is devout, it often wrongly conjures up images of extreme confessional intolerance, such as the Spanish Inquisition torturing suspected heretics based on flimsy evidence. It is perhaps not a surprise, then, that the significant role religion plays in daily life in Gulf countries – including the political and legal systems – occasionally draws antipathy and hysterically negative media coverage in the West.

  • U.S. military completes temporary pier off Gaza; deliveries to start within days

    The U.S. Army has completed a temporary pier on a Gazan beach; trucks should begin hauling away the first 500 tons of aid for civilians within days, with thousands more tons in the pipeline, Pentagon officials said Thursday.

  • San Remo: The Middle East’s Most Important Treaty You Never Heard Of

    A year and half after the end of World War I, the victorious Allied Powers convened at a villa in northern Italy to decide the fate of the defeated Ottoman Empire and redraw the map of the Middle East, which had been part of that empire. The result of this conference was The Treaty of San Remo which was signed on April 24, 1920.

  • Opinion: The Gaza Crisis Pushes Washington and Riyadh Closer

    Riyadh wants to conclude defense agreements and to advance regional peacemaking, but when it comes to Netanyahu’s government, it has no peace partner. On the contrary, Saudi Arabia must contend with an Israeli leader who has promised to launch an offensive into Rafah, creating the potential for a regional explosion that Iran will exploit. Can Saudi leaders secure and justify some kind of defense agreement with the United States without signaling that they have not turned their back on the Palestinians?

  • Zain invests $427mn to expand 5G, digital services in Saudi Arabia

    Saudi telco Zain KSA announced plans to invest a total of SAR1.6 billion ($427 million) to expand its 5G network and digital services ecosystem in Saudi Arabia, local press reported. The operator said it will expand its current 5G network coverage to 122 cities across the country.

  • The Future of EV Charging: Spotlight on the UAE and Saudi Arabia

    KSA has also made several high-profile investments through its sovereign wealth fund, the Public Investment Fund (“PIF”). In 2023, PIF and Saudi Electricity Company established a 75%/25% owned joint venture, the Electric Vehicle Infrastructure Company (“EVIQ”). EVIQ intends to install 5,000+ fast chargers by 2030 in over 1,000 locations across KSA. It also aims to promote private sector participation in the development of this network and support the localisation of research, development, and manufacturing of technologically advanced materials.

  • Calls for change mount as Saudi lady doctor dies in car crash post her 24-hour shift

    The Saudi medical community has mourned the loss of Dr. Aziza Fatani, a dedicated neonatal intensive care doctor who died in a car accident after completing a 24-hour shift at a hospital in Jeddah.
    The incident, which occurred last Sunday, has sparked widespread calls for reform in hospital work schedules.

  • Satellite images show Gazans forced to cram into Al-Mawasi tent city

    Once a tiny fishing village, Al-Mawasi — a Heathrow airport-sized patch of coastal land on Gaza’s Mediterranean coast — is now the fetid, thirsty and disease-filled refuge of tens of thousands of Palestinians. As Israel pounds Rafah in the south of the enclave and re-engages with Hamas in the north, more people from around Gaza are streaming towards Al-Mawasi, hoping the bombing will not follow them. A densely packed tent city has spilled on to the sewage-tainted beach close to the border with Egypt.