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Recent stories from sustg

  • 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.

     
  • Saudi Budget Needs Less Than $80/Bbl To Be Balanced
     

    Top oil exporter Saudi Arabia would still be able to balance its budget even if oil prices fall to less than $80 per barrel, Al Arabiya television reported Tuesday, citing the kingdom’s finance minister, Ibrahim Al-Assaf. “As you know the oil revenues are affected by two factors; price and production…the price that leads to a […]

     
  • The Gulf Military Balance in 2012
     

    The Burke Chair at CSIS is issuing a new report called the Gulf Military Balance in 2012. The report shows that the Gulf military balance is dominated by five major groups of military forces: the Southern Gulf states, Iran, Iraq, outside powers like the US, and non-state actors like the various elements of Al Qa’ida, the […]

     

MUST-READS

  • Saudi minister says no place for ‘political slogans’ during Hajj in apparent Gaza reference

    The Saudi government has reiterated its stance that the annual Islamic pilgrimage of Hajj is strictly a religious event for worship only, rather than a venue for political expression.

    According to multiple reports, Minister Tawfiq Al-Rabia said, "Hajj is for worship, not for any political slogans", adding that the leadership was committed to ensuring the pilgrimage “embodies the highest levels of devotion, tranquillity and spirituality."

    The statement was in response to a journalist who had asked the minister about the rules and punitive measures regarding the display of "political and sectarian slogans".

  • Al-Jubeir leads Saudi delegation at high-level ocean action event in Costa Rica

    The Minister of State for Foreign Affairs, Member of the Cabinet, and Climate Envoy Adel Al-Jubeir, headed Saudi Arabia’s delegation participating in the high-level event on ocean action: Immersed in Change in the Costa Rican capital, San Jose. The event discusses best practices and experiences related to ocean management and highlights the most important topics related to international action for the oceans.

  • How Saudi Arabia is building a sustainable agricultural sector through innovation

    Climate change poses a significant threat to agriculture, with serious implications for food security, livelihoods and access to water. That is why Saudi Arabia is adopting a range of innovative and sustainable farming practices. As summer temperatures become more intense around the world, crop yields are dwindling and water scarcity mounting, raising the specter of food insecurity in some regions and higher prices on domestic and global markets. Agriculture is also a major contributor to greenhouse gas emissions. About 24 percent of human-induced emissions are the result of agriculture, forestry and land use activities, according to the Intergovernmental Panel on Climate Change.

  • How Saudi Arabia Outbound Travel Surging Tourism In 59 Country With Visa Free Access Including Turkey, Egypt, Kazakhstan And Georgia?

    The Saudi Arabian passport continues to enhance its global presence by granting its holders visa-free access to an impressive list of 59 countries and territories. Currently ranked as the 46th most powerful passport globally, it allows Saudi citizens to travel widely and effortlessly. Additionally, Saudis can visit GCC countries such as Bahrain, Kuwait, Oman, Qatar, and the UAE using just their national ID, streamlining travel within the region.

  • Saudi Arabia point of sale spending reaches $14bn in April

    Saudi Arabia’s point of sales spending reached around SR53 billion ($14 billion) in April, registering a 3 percent rise compared to the same month last year, latest data revealed. Figures from the Saudi Central Bank, also known as SAMA, revealed that 30 percent of the POS spending during this period, totaling SR15.83 billion, was allocated to beverages, food, restaurants, and cafes. Another 12 percent, or SR6.51 billion, was spent on miscellaneous goods and services, including personal care, supplies, maintenance, and cleaning, with this category showing the second-highest growth rate of 22.5 percent.

  • Israel’s centrist minister Benny Gantz quits Netanyahu government

    Israeli minister Benny Gantz announced his resignation from Prime Minister Benjamin Netanyahu's emergency government on Sunday, withdrawing the only centrist power in the embattled leader's far-right coalition amid a months-long war in Gaza.
    The departure of Gantz's centrist party will not pose an immediate threat to the government. But it could have a serious impact nonetheless, leaving Netanyahu reliant on hardliners, with no end in sight to the Gaza war and a possible escalation in fighting with Lebanese Hezbollah.

  • Hamas official urges US to pressure Israel to end Gaza war

    A senior Hamas official urged the United States on Monday to pressure Israel to end the war in Gaza, ahead of the planned visit on Monday by U.S. Secretary of State Antony Blinken to the region to push forward ceasefire efforts.
    Blinken is set to visit Egypt and Israel on Monday. He also aims to ensure the war does not expand into Lebanon.
    "We call upon the U.S. administration to put pressure on the occupation to stop the war on Gaza and the Hamas movement is ready to deal positively with any initiative that secures an end to the war," senior Hamas official Sami Abu Zuhri said.

  • Fighting between central Somalia clans kills at least 55, residents say

    A violent clash over the weekend between two clans in central Somalia has killed at least 55 people and injured another 155, residents and medical officials said on Monday.
    Somalia's federal government is not only struggling to contain violence unleashed by the Al Qaeda-linked al Shabaab group, but is also facing clan-based clashes over control of land and water in the Horn of Africa nation.

  • Saudi transport authority launches first automated monitoring vehicle for Hajj

    Saudi Arabia’s Transport General Authority inaugurated the first automated monitoring vehicle to track compliance of various transportation modes in Makkah, Madinah, and holy sites during this year’s Hajj season. With an accuracy of up to 99%, the automated wagon uses mobile surveillance cameras that determine the type and provide the data of vehicles, including buses, trucks, and taxis, to ensure safe transportation for pilgrims.

    The move contributes to increasing compliance with regulations and requirement and ensuring the efficiency of monitoring operations.

  • Saudi Industrial Production Index falls 6.1% in April

    Saudi Arabia’s Industrial Production Index (IPI) declined 6.1% year-on-year (YoY) in April. Data issued by the General Authority for Statistics (GASTAT) showed that the Saudi IPI dropped to 105.60 points in April 2024, according to the 2021 base year, compared to 112.43 points in April 2023. It was directly affected by the slump in the mining & quarrying activity, which accounts for 61.4% of the index, the authority said.