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Recent stories from sustg

  • Saudi Arabia’s First Female Director Brings ‘Wadjda’ to Cannes
     

    Wadjda, the first-ever film shot in Saudi Arabia, hits the Cannes market as The Match Factory begins pre-sales at Cannes’ Marche du Film on the coming-of-age drama from Haiffa al Mansour, the first female Saudi filmmaker. Haifaa wrote and directed Wadjda, which tells the ordinary but uplifting story of Wadjda, an 11-year-old girl growing up in […]

     
  • Baseball and Saudi Economic Policy
     

    Dr. Muhammad Al-Jasser, Minister of Economy and Planning, recently spoke to the Young Businessmen’s Committee of the Riyadh Chamber of Commerce and Industry. Though the setting would appear innocuous, Dr. Al-Jasser’s remarks were not. The theme was the Future Vision of the Saudi Economy and they are worth reading in full.

     
  • Opening the TASI: What You Need to Know
     

    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 […]

     
  • Seven years of prosperity and development
     

    Saudi Arabia will mark the seventh anniversary of Custodian of the Two Holy Mosques King Abdullah’s accession to the Saudi throne on May 17 with a variety of programs highlighting the remarkable progress achieved by the Kingdom in education, health, industry, agriculture and other sectors under his wise leadership. King Abdullah’s announcement at the Shoura […]

     
  • Saudi Perspective on the Middle East: Obaid
     

    In this SUSRIS exclusive presentation, the “Saudi Perspective on the Middle East: The View from Riyadh” assessment provides: the background and context for Saudi diplomacy — assets and characteristics; economic and energy data; sources of regional instability; the “New Gulf Union”; profile of Gulf defense configurations; the Kingdom’s role in regional stabilization and its political and […]

     
  • Jadwa: Inflation Report, April 2012
     

    Year-on-year inflation dipped to 5.3 percent in April from 5.4 percent in March. Lower food price inflation was the main reason for the decline. Rental inflation picked up.

     
  • Not a Drop to Drink: The Global Water Crisis
     

    In the next twenty years, global demand for fresh water will vastly outstrip reliable supply in many parts of the world. Thanks to population growth and agricultural intensification, humanity is drawing more heavily than ever on shared river basins and underground aquifers. Meanwhile, global warming is projected to exacerbate shortages in already water-stressed regions, even […]

     
  • Petchem projects lead Saudi industrialization drive
     

    The Saudi project market continues to thrive. Latest data from Meed put the value of projects “planned or underway” at $745 billion in mid-April, around 13 percent higher than a year earlier. These figures need to be treated with some caution: The topline number is some 30 percent larger than the nominal size of the […]

     
  • Journey of a lifetime
     

    To say that I was excited to be in the presence of such history would be an understatement. I had been looking forward to this trip for months and was absolutely beside myself. My purpose was to travel with my mother to Saudi Arabia to perform the Umrah, a mini version of the annual Hajj […]

     
  • Al-Qaida’s wretched utopia and the battle for hearts and minds
     

    Driving east out of Aden, we were just a few hundred metres past the last army checkpoint when we saw the black al-Qaida flag. It flew from the top of a concrete building that had been part-demolished by shelling. From here into the interior, all signs of control by the government of Yemen disappeared. This […]

     

MUST-READS

  • Gulf Cooperation Council unveils vision for regional security in Saudi capital

    The vision highlights the coordination of positions among the GCC countries towards regional and international issues and the member states' unified and common positions based on the GCC charter and the principles of international law that govern relations between states. It also emphasizes that, in line with the GCC charter and within the framework of the joint defense agreement, the security of each GCC state is interconnected, especially in light of the instability witnessed by the region and the world.

  • Saudi Arabia releases its green finance framework

    Saudi Arabia released its green financing framework (pdf)on Thursday, identifying eight types of green projects to be funded through the sale of the bonds. The framework targets projects focused on renewable energy, energy efficiency, carbon capture and storage, green hydrogen, cutting emissions, sustainable water and wastewater management and climate adaptation measures.

  • How Saudi Arabia champions cutting-edge research into unique Red Sea marine environments — blue holes

    In just the first year of a decade-long expedition led by Saudi Arabia’s National Center for Wildlife, 20 extremely deep underwater sinkholes, known as “blue holes,” were discovered along the Kingdom’s southern Red Sea coast. Blue holes, named for their vibrant color, have long been recognized as havens for a diverse array of marine life, attracting researchers eager to study their remarkable biodiversity and leisure divers drawn to their profound natural beauty.

  • Ronaldo notches his second hat trick of the season in Saudi Pro League

    Cristiano Ronaldo’s second-half hat trick helped Al-Nassr beat visiting Al-Tai 5-1 in the Saudi Pro League on Saturday. The five-time Ballon d’Or winner has a league-leading 26 goals for the Riyadh club he signed for in December 2022.

  • Saudi Arabia seizes a million Captagon pills hidden in melon shipment

    The Authority stated on its official website on Sunday, March 31, that it found the quantity of pills wrapped and hidden inside cavities in melons during an inspection and examination operation of one of the trucks coming through the seaport. After the seizure was completed, the authority coordinated with the General Directorate for Narcotics Control and managed to apprehend the recipients of the shipment within the kingdom.

  • Desert X AlUla: A cultural renaissance in Saudi Arabia’s ancient sands

    Produced by The Desert Biennial, a not-for-profit charitable organisation founded in California, the format primarily focuses on recurring international contemporary art exhibitions in desert locations. These locations are often considered challenging and less productive territories due to their timeless inhabitants and diverse yet limited ecosystems. Similar to the land-art movement of the 1960s in the USA, each edition of Desert X delicately intervenes in the desert landscape, paying great respect to its inherent beauty.

  • Devotees gather in vast numbers for Ramadan prayers at Prophet’s Mosque in Medina

    Multinational congregations of worshippers throng the mosque every night, filling the designated prayer areas and vast courtyards, creating a powerful scene of devotion.

  • Saudi Arabia achieves historic milestone in 2023 with record tourism balance of payments surplus

    Saudi Arabia's tourism sector has marked a historic achievement in 2023, recording the largest balance of payments surplus in its history, as the country continues to develop this key sector and diversify its income sources.
    The Financial Analysis Unit of "Al Eqtisadiyah" newspaper reports that the travel item of the Saudi balance of payments saw an unprecedented surplus of 48 billion riyals last year, fueled by a significant influx of international tourists.

  • Saudi Exchange Marks A Milestone With Its 400th Listed Security

    Since its establishment 16 years ago, the Saudi Exchange has quickly grown to become one of the top ten largest in the world, the third largest amongst emerging market peers, and the largest exchange in the MENA region. The Saudi Exchange also consistently ranks in the top ten exchanges globally for IPO proceeds and accounted for over 70% of GCC IPOs in 2023. With a substantial SAR 11.9 billion ($3.2 billion) raised through IPOs on the Main Market in 2023, the Saudi Exchange has firmly established itself as a significant contributor to the global IPO landscape, a key driver of its continued growth in scope and scale. In 2023, furthermore, the Tadawul All Share Index grew by 14.2%, outpacing the 9.8% growth of the benchmark MSCI Emerging Market Index.

  • Saudi Arabia’s $1.4bn financing to boost Bangladesh’s energy security

    A recently signed agreement on a Saudi financing loan for the Bangladesh Petroleum Corp. was expected to boost the South Asian economy’s energy security and reduce pressure on its dollar reserves. The International Islamic Trade Finance Corp., a division of the Islamic Development Bank, finalized on March 25 a financing deal with the Bangladeshi government to provide $1.4 billion to the Bangladesh Petroleum Corp.