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Recent stories from sustg

  • Vela-Bahri merger creates one of the world’s largest shipping firms
     

    Vela International Marine Limited, a subsidiary of Saudi Arabian Oil Company, signed a landmark merger agreement with the National Shipping Company of Saudi (Bahri), resulting in the creation of one of the world’s largest shipping companies.The signing of the agreement was held Sunday and attended by executive officials of both parties including Khalid A. Al-Falih, […]

     
  • Commentary: Saudi Arbitration Court in the UK?
     

    In a recent Financial Times article Caroline Binham and Helen Warrell reported that, “Saudi Arabia will lobby the UK government as early as November to set up a confidential court in London that would settle multimillion pound commercial disputes arising from the Middle Eastern kingdom. The Saudis hope that a London-based arbitration centre would help counter investor […]

     
  • What’s the foreign policy agenda for the next four years?
     

    Is it too early to talk about the foreign policy and national security agenda that will face the next president? No matter who wins on November 6, the feature that is going to dominate U.S. national security planning over the next four years is constraint. Even if we avoid going off the sequestration cliff, there […]

     
  • US Election Note: Middle East Policy after 2012
     

    The Middle East will be a significant challenge to US foreign policy-makers during the next administration – whether with regard to further transitions of the Arab Spring, Iran’s appetite for nuclear weapons, Israel’s posture towards Palestine and other Arab powers in its neighbourhood, or the rise of political Islam. Despite the US tilt to Asia, […]

     
  • A Conversation with Prince Turki Al-Faisal
     

    Few can be said to have been more influential in forging cooperation and building bridges in the relationship than Prince Turki Al-Faisal. He is currently Chairman of the King Faisal Center for Research and Islamic Studies and is one of the founders of the King Faisal Foundation, the namesake of which was his father. His […]

     
  • Saudi Arabia: Rising steel demand
     

    Steel producers in Saudi Arabia are set for a busy few years, with growth in the industry driven by rising demand due to state-backed investments and increasing activity in the private sector. However, even with additional capacity, the sector is working to bridge the supply gap. The Kingdom is already the largest steel producer in […]

     
  • Roads of Arabia at the Smithsonian’s Sackler in Washington
     

    In archaeology, Saudi Arabia has been something of a slow starter, but a Washington exhibition of more than 200 statues, funerary objects and other relics shows that the study of the region’s past has come of age. Saudi archaeology “really goes back only 40 years,” says Massumeh Farhad, chief curator and curator of Islamic art […]

     
  • Major natural gas find by Saudis. A shift ahead?
     

    Saudi Arabia has announced that they made a major new find in natural gas in the Red Sea. The Saudis are already ranked 5th in the world for their reserves of natural gas, but they are only ranked 9th in terms of production of the commodity. They account for about 3 percent of world natural gas production. Compared […]

     
  • Muslims begin hajj pilgrimage – photo gallery
     

    Hours before sunrise Thursday, thousands of Muslims from around the world stood in the dark on a rocky desert hill, preparing for prayers on the first day of the annual hajj pilgrimage, a central pillar of their faith.

     
  • Anne Habiby: Entrepreneurship and Job Creation in the Arab World
     

    In addition to featured speakers such as President Bill Clinton and Mr. Abdullah Alireza  the recent C3 Summit in New York City presented a number of compelling panel discussions addressing commercial and trade issues related to doing business in the MENA region. SUSTG has featured the remarks at this event of Abdullah Alireza (Global Economic […]

     

MUST-READS

  • Women
    Saudi Women Record Themselves Behind the Wheel to Protest Ban on Female Motorists

    Women in Saudi Arabia got behind the wheel Sunday to support a day of protests against a law that has prohibited females from driving in the country for nearly a quarter century.

  • Lebanon and Syrian Refugees
    Lebanon Cabinet votes to stop accepting Syrian refugees

    The Cabinet’s decision will “stop the flow of all Syrian refugees except those with an exceptional humanitarian case,” Joreige said. Also, the UN refugee agency will need an approval from the Ministry of Social Affairs before registering any Syrian national as a refugee. The minister also said the government would encourage "refugees to return home or to go to any other country by all possible means.” The plan also calls for dropping the refugee status of anyone who set foot on Syrian territory.

  • Women Driving
    Saudi Arabia warns women not to join protest against ban on driving

    Saudi Arabia's Interior Ministry on Thursday issued a warning to women not to get behind the wheel in defiance of the kingdom's men-only road rules after a renewed social media campaign to challenge the law by driving in public. The announcement comes ahead of the anniversary on Oct. 26 of a demonstration last year in which dozens of Saudi women said they had taken to the road in protest at the ban on female drivers, leading to some arrests.

  • Olive Trees in Palestine
    In West Bank, Palestinians gird for settler attacks on olive trees

    More than 80,000 Palestinian farmers derive a substantial portion of their annual income from olives. Harvesting the fruit, pressing the oil, selling and sharing the produce is a ritual of life. Now, so is losing trees. Last year, the United Nations reported that Israeli settlers damaged or destroyed nearly 11,000 olive trees and saplings owned by Palestinians in the occupied West Bank. The trees were burned, toppled by bulldozers, felled with chain saws.

  • NCB
    Saudi Bank Posts Higher Profit Amid First Share Sale

    Net income rose to 1.87 billion riyals ($500 million) from 1.73 billion riyals a year earlier, the country’s largest bank said in a statement today. Total assets increased 19 percent to 438 billion riyals. The bank’s loan portfolio rose 15.8 percent to 214 billion riyals while deposits were 16.7 percent higher at 295 billion riyals.

  • Syria
    Photos: The battle for Kobane, revealed by U.N. satellite imagery

    Photos depicting the ongoing battle against the Islamic State are hard to come by, with many of the most prominent images often taken by the militants themselves. Since the world's focus shifted to the northern Syrian city of Kobane, a Kurdish haven located right next to the Turkish border, that has changed. There has been no shortage of dramatic footage, filmed from relative safety across the border in Turkey.

  • NCB
    Saudi’s NCB Pledges Conversion To Islamic Bank After Pressure From Scholars

    State-owned National Commercial Bank (NCB), which has about $116 billion of assets, currently has a mixed business – most of it conforms to Islamic principles such as bans on interest payments and pure monetary speculation, but some of it involves conventional banking. Some other banks in Saudi Arabia are also mixed.

  • Syrian and Turkish Kurds
    The Meaning of Kobani

    he Syrian Kurdish town of Kobani has been under a relentless siege by the Islamic State (IS) for the past few weeks. Surprisingly its defenders have endured, defying the long odds. Whether it falls or survives, Kobani is likely to become for Syrian and Turkish Kurds what Halabja became for Iraqi Kurds in 1988: a defining moment of nationhood and identity.

  • Lebanon
    The politics of Lebanon: The state that didn’t fail—yet

    Lebanon is, like other Arab states, a sectarian patchwork. Its Sunnis share the fury of their Syrian co-religionists against the regime of President Bashar Assad; and its Shia share the fears of the minorities that support Syria’s government. Yet Lebanon did not fall into the abyss when Hizbullah, the Shia party-cum-militia, entered the war to prop up Mr Assad. It survived when Syria’s mainly Sunni rebels used northern Lebanon as a transit route for their arms. It has kept going despite the influx of more than 1m Syrian refugees, now a fifth of the total population.

  • Finance
    The Saudi Banking sector and fiscal policy

    The continued build-up of deposits is a positive when the banks can and must play a bigger role in driving economic development. There have been structural developments to accelerate the momentum in certain areas, for example, the mortgage law. But, in general, the banks are essential for driving private sector-led development in an economy that has historically relied very heavily on government provision and investment.