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Recent stories from sustg

  • Key to the kingdom
     

    2012 is likely to be the tipping point for the Gulf’s most ambitious real estate project. If the good results continue, and companies carry on signing up to take advantage of the transport infrastructure coming online in 2013, then KAEC looks set to snowball. But when will the city be fully completed? “Our target is […]

     
  • Oil Prices Fall Below Break-Even for Several Nations
     

    Citibank expects that Russia will have a very turbulent next five years, given their estimate that Brent crude prices will likely settle close to $85 over that time period. Oil producers are beginning to feel the future threat of peak demand for oil caused by multiple factors — including unconventional liquid fuels — breathing down […]

     
  • Islamic funds seek socially responsible roadmap
     

    The Islamic investment sector can widen its customer base by adopting a socially responsible model, according to industry experts, but distribution channels, a sophisticated investor base and incentive schemes need to be enhanced first. The links between Islamic finance and socially responsible investments (SRI) are not new, but the former needs a similar transformation which […]

     
  • Changing patterns in U.S. crude imports
     

    U.S. crude oil import patterns have been undergoing significant shifts in recent months. While growing domestic tight oil production from the Bakken formation in North Dakota and elsewhere has helped displace imports from some countries, U.S. import volumes from the Canadian oil sands and Saudi Arabia have been on the rise. In total, U.S. crude […]

     
  • At the SACM Career Fair in Washington, Saudi Arabia’s Brightest Are Met With Opportunities (PHOTOS)
     

    Across the United States, around the end of the month of May every year, graduating students from high schools and universities join with families and friends to celebrate their achievements in

     
  • Saudi Satire Ignites YouTube’s Massive Growth in Middle East
     

    Fahad Albutairi never expected a career in broadcast or comedy, and he certainly didn’t expect to emerge as a YouTube star known to millions. Albutairi is the co-founder and star of the La Yekthar Show, a small cadre of YouTube shows shot in Saudi Arabia that have become wildly popular in the last year. His […]

     
  • Saudi female entrepreneurs exploit changing attitudes
     

    In Saudi Arabia, a small but determined number of women are overcoming obstacles to build their own thriving businesses. Social constraints in the conservative Kingdom have not stopped women from amassing substantial individual wealth. An estimated $11.9 billion is held by women primarily in bonds and bank accounts, according to asset managers Al Masah Capital. […]

     
  • Saudi Arabian Airlines Officially Becomes ‘Saudia’, Embraces Privatization
     

    Saudi Arabian Airlines has today been formally renamed Saudia and has become a full member of the SkyTeam alliance while at the same time confirming the first stage of the long-awaited privatisation will go ahead in the next month.

     
  • Saudi construction sector ‘most buoyant globally’
     

    Massive construction projects in the GCC, particularly around social and transport infrastructure, will offer tremendous opportunities valued at up to $500 billion for contractors, Deloitte Middle East’s annual report “GCC Powers of Construction: Five Lessons to Learn From” released Wednesday said. The Deloitte report showed that there is imminent growth in the Saudi Arabian construction […]

     
  • IMAX ARABIA 3D Now Available for Mass Consumption on Netflix Streaming
     

    IMAX ARABIA 3D, the film directed by Hamzah Jamjoom, is now available to watch at any time on Netflix’s instant streaming option for the first time.

     

MUST-READS

  • Saudi FM discusses Gaza, West Bank with Palestinian PM

    Saudi Foreign Minister Prince Faisal bin Farhan on Thursday spoke to Palestinian Prime Minister and Minister of Foreign Affairs Mohammed Mustafa by telephone, the Kingdom’s Foreign Ministry said.

    They discussed developments in the West Bank, Gaza Strip and its surrounding areas.

  • Saudi Arabia plans Aramco share sale as soon as June, sources say

    Saudi Arabia is planning a multi-billion-dollar share sale in energy giant Aramco (2222.SE), opens new tab as soon as June in what would be one of the region's biggest stock deals, two people familiar with the matter said.
    The offering could raise around $10 billion, one of the people said. The preparations are ongoing and the details could still change, the sources said, who were speaking on condition of anonymity because the matter is private.

  • Mega projects in Saudi Arabia attract strong interest from investors: Al Khateeb

    Major projects in Saudi Arabia receive strong interest from private-sector operators, financiers, and investors locally, regionally, and globally, Ahmed Al Khateeb, Minister of Tourism, told Al Arabiya TV.   The private sector participation is important to support development in all fields, particularly in the tourism sector. The sector is witnessing substantial growth, especially in major projects such as Al Soudah, Diriyah, Qiddiya, NEOM, among others.

  • China, the US, and the battle for Middle Eastern technology

    China's engagement with the Middle East is intimately intertwined with its broader global competition with the United States, which is increasingly evolving into a profound struggle for supremacy among great powers. Technological innovation has become a flashpoint in this struggle, and the rivalry has driven mutual incremental measures aimed at advancing what is commonly referred to as "technological decoupling" — a process of reducing asymmetrical dependencies and, in certain instances, disentangling the technological and cyber domains altogether.

  • China planemaker COMAC eyes Saudi Arabia for global expansion

    Chinese planemaker COMAC is eyeing Saudi Arabia as a launch pad for its international ambitions, as the state-owned company steps up efforts to sell overseas and break into a passenger jet market dominated by Western manufacturers.
    Chairman Dongfeng He visited Saudi Arabia for the first time this week, having welcomed a Saudi delegation to the company's Shanghai facilities in February, amid warming ties between the two major economies.

  • Saudi Arabia’s best international Islamic bank: HSBC Saudi Arabia

    The bank topped the league tables on sukuk issuances by value, with a 19.5% share of the market. It extended a total of $11.85 billion in financing in 2023.

  • Believe it or not: Even in Saudi Arabia, renewable power is cheaper than fossil fuels

    Saudi Arabia signed deals to buy electricity from two large-scale wind farms that are cheaper than natural gas plants, as it aims to rapidly transition to a bigger share of renewables in the power grid.

  • Mastercard Women’s Leadership Network Expands into Saudi Arabia, Empowering Women in Finance

    As part of its commitment to connecting and powering an inclusive, digital economy that benefits everyone, everywhere, Mastercard is pleased to announce the launch of a new Women’s Leadership Network (WLN) chapter in Saudi Arabia and extension of its Accelerator Program in EEMEA in partnership with Women Choice to Saudi Arabia.

  • Saudi Arabia restricts visit visa holders from entering Makkah during Hajj season

    The Saudi Ministry of Interior has announced entry restrictions to Makkah for holders of all types of visit visas from May 23 to June 21, 2024, coinciding with the upcoming Hajj season. The ministry clarified that visit visas do not include authorization to perform Hajj. Visitors currently in Saudi Arabia on visit visas are advised to refrain from traveling to Makkah during this period to avoid penalties under the Kingdom’s regulations. These measures are part of the security and organizational preparations aimed at ensuring the safety and security of authorized pilgrims and allowing them to perform their religious rituals without disruption.

  • U.S. concerned about Israel threat to collapse Palestinian economy

    Even as it urges greater Israeli restraint in Gaza and the reopening of the Rafah border crossing for humanitarian aid, the United States is expressing growing concern about the potential economic collapse of the Palestinian Authority and the instability that would cause in the West Bank and ultimately Israel, amid threats by an ultra-nationalist Israeli minister to cut off Palestinian banks from the Israeli financial system.