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Recent stories from sustg

  • Graphic: The Rise of Saudi Oil Consumption
     

    Saudi Arabia uses as much oil per person as America, largely to run oil-fired power plants to run domestic air conditioners. And the more of its oil siphoned off for such uses, the less cushion there is in the worlds oil supply. Thats a big problem now but is becoming less of one. America and […]

     
  • Critical Commercial and Economic Ties: Interview with Jose Fernandez
     

    The 2nd US-Saudi Business Opportunities Forum in Atlanta in December brought together a high level delegation of over 200 Saudi officials and business people with over 1000 Americans to explore the $1 trillion-plus commercial openings available in the coming decade in the Kingdom. The response to the Forum – and what it means for American investment and […]

     
  • Secretary of State Clinton to Visit Saudi on Friday and Saturday
     

    Clinton will be in Saudi Arabia’s capital of Riyadh Friday and Saturday. There, she’ll meet with Saudi King Abdullah and participate in an event dedicated to the “strategic cooperation” between the U.S. and Gulf Arab states. Washington and many of its allies say Syrian President Bashar Assad has lost all legitimacy in a year of […]

     
  • Geithner welcomes Saudi oil pledge
     

    U.S. Treasury Secretary Timothy Geithner said he welcomed Saudi Arabia’s pledge to continue to make sure oil supplies are sufficient to meet demand.

     
  • Car-nage
     

    In his weekly piece for Arab News, Abdulateef Al-Mulhim takes a look at the extraordinary toll exacted on Saudi roads. With well-engineered roads and streets and access to the latest and safest automobiles, he says, Saudi Arabia still leads the world in highway fatalities. He offers a few ideas about how to gain control over […]

     
  • Jadwa Saudi Chartbook – March 2012 – Banking
     

    Bank deposits rose for the fifth consecutive month in January, with demand deposits accounting for the entire rise to reach almost 60 percent of total bank deposits. Bank excess deposits at SAMA remained very high, giving scope for further lending growth.    

     
  • Jadwa Saudi Chartbook – March 2012 – Trade
     

    According to Jadwa Investment’s March 2012 Chart Book,  “Non-oil exports hit a new all-time high in December owing to greater production of petrochemicals and plastics. Imports also jumped that month and data on letters of credit issued for imports suggest further rises are likely in the months ahead.”  

     
  • What to Know About the TASI Opening
     

    Saudi Arabia, the world’s largest oil exporter and the Middle East’s biggest economy, is about to complete a gradual process to open its stock market, known as the Tadawul or TASI, directly to international investors for the first time. The initial step toward this action was to give other GCC countries the right to invest […]

     

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  • A pioneering Saudi insurer with a global dialogue focus

    Tawuniya has been at the forefront of integrating artificial intelligence (AI) into operations, revolutionizing customer experiences, streamlining processes, and optimizing risk management, is reaffirming its commitment to shaping and adapting to the future with a strategy that is in line with emerging trends.

  • Saudi Eurofighter Sale Could Reinforce Riyadh’s Air Defenses After Depleting Yemen Campaign

    Germany’s recent decision to lift its years-long ban on a British sale of Eurofighter Typhoon fighter jets and supply IRIS-T medium-range air-to-air missiles to Saudi Arabia is undoubtedly welcomed by Riyadh.

    Aside from bolstering the kingdom’s modern air force, the sale will reinforce Saudi capabilities against armed drones coming from Yemen. However, one shouldn’t expect Riyadh to engage in anything other than defensive actions against the Houthis there.

  • Saudi Eurofighter Sale Could Reinforce Riyadh’s Air Defenses After Depleting Yemen Campaign

    Germany’s recent decision to lift its years-long ban on a British sale of Eurofighter Typhoon fighter jets and supply IRIS-T medium-range air-to-air missiles to Saudi Arabia is undoubtedly welcomed by Riyadh.

    Aside from bolstering the kingdom’s modern air force, the sale will reinforce Saudi capabilities against armed drones coming from Yemen. However, one shouldn’t expect Riyadh to engage in anything other than defensive actions against the Houthis there.

  • Saudi Arabia’s Ministry of Media launches Horizon documentary on Netflix, about wildlife in the Kingdom

    The film, the latest production of the Konoz Initiative, aims to raise awareness of Saudi Arabia’s species richness and biodiversity and its distinctive geographical areas, and highlights the leading efforts exerted by the Kingdom to protect wildlife, preserve rare species, and acquaint the world with its various rich resources. The documentary showcases Saudi Arabia’s picturesque nature, its diverse plant and animal life, and the abundant riches of its lands.

  • Saudis Eye Big Investment to Kick Off Foray Into Semiconductors

    Saudi Arabia’s sovereign wealth fund is planning to make big investments in both the semiconductor and space industries this year as the kingdom accelerates efforts to diversify its economy away from oil.

    The Public Investment Fund is looking at making a “sizable investment” this year into the semiconductor industry, Saudi Minister of Communications and Information Technology Abdullah Alswaha said in an interview at the World Economic Forum in Davos. “They plan to make an announcement on a particular champion within the space to lead the Saudi efforts,” he said, declining to give further details.

  • US Red Sea coalition weak because regional powerhouses abstained-Yemen VP

    The U.S.-led coalition meant to safeguard commercial traffic in the Red Sea against attacks by Yemen's Iran-aligned Houthis is weak because regional powerhouses Saudi Arabia, the UAE and Egypt did not take part, Yemen's vice president said on Tuesday.

    The Houthis have been attacking shipping in the Red Sea to protest against Israel's bombardment of Gaza, a war that threatens to spread across the Middle East.

  • Saudi Arabia isn’t ruling out befriending Israel. But it may come at a higher price

    Just weeks before Hamas launched its October 7 attack on Israel, Saudi Arabia said it was inching closer to normalizing diplomatic ties with the Jewish state. Despite three months of war that have left more than 23,000 Palestinians dead and the Arab world seething, Riyadh is signaling that a recognition of Israel could still be on the table.

    On another tour of shuttle diplomacy across the Middle East, including to Saudi Arabia and Israel, US Secretary of State Antony Blinken last week said that normalization talks continue to take place and “there is a clear interest in the region in pursuing that.”

  • Saudi Arabia plans for ‘futuristic’ clifftop 2034 World Cup stadium revealed

    Saudi Arabia has unveiled designs for a hi-tech stadium atop a 200-metre high cliff near Riyadh where the kingdom plans to stage games at the 2034 World Cup.

    The 45,000-seat venue will be named Prince Mohammed bin Salman Stadium for the crown prince of the oil-rich kingdom that wants to become the major player in world sports over the next decade. The design has a retractable roof and field, plus an LED wall with hundreds of metres of screens to create an immersive experience for fans, the Qiddiya Investment Company said in a statement.

  • Saudi Arabia’s Ministry of Media launches Horizon documentary on Netflix, about wildlife in the Kingdom

    The film, the latest production of the Konoz Initiative, aims to raise awareness of Saudi Arabia’s species richness and biodiversity and its distinctive geographical areas, and highlights the leading efforts exerted by the Kingdom to protect wildlife, preserve rare species, and acquaint the world with its various rich resources. The documentary showcases Saudi Arabia’s picturesque nature, its diverse plant and animal life, and the abundant riches of its lands.

  • Rafael Nadal signs Saudi tennis ambassador deal as Kingdom continues assault on sport

    Rafael Nadal has become an ambassador for the Saudi Tennis Federation, it was announced on Monday, as Saudi Arabia continued to extend its power-base within the world of sport. This is another high-profile signing for the STF, which hosted its first ATP event last year – the Next Gen Finals in Jeddah – and is expected to add the WTA Finals at the end of this season. Although the spectre of a LIV Golf-style breakaway has hovered over tennis for the past couple of seasons, the Saudis have thus far worked within the system rather than trying to challenge it directly.