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Recent stories from sustg

  • Saudi Arabia’s Bond With U.S. ‘Goes Beyond Energy’
     

    The U.S. and Saudi Arabia have a close relationship with a bond “that goes far beyond energy,” Saudi Oil Minister Ali al-Naimi said. The minister told graduates during his commencement speech at Lehigh University in Bethlehem, Pennsylvania, that “We seek together a world of greater understanding, mutual tolerance, and respect for human dignity and personal […]

     
  • Saudi Women Tackle Everest to Advance Breast Cancer Awareness
     

    To the ten Saudi women attempting a punishing ascent to a major milestone on the world’s highest peak, the dangers of reaching the Mount Everest base camp are no match for their cause. As a part of an ever-growing effort in Saudi Arabia, the campaign, “A Woman’s Journey: Destination Mount Everest,” intends to raise awareness […]

     
  • Statement on the Temporary Ban on Beef Imports from the U.S. to Saudi
     

    The Saudi Food & Drug Authority has issued a temporary ban on beef imported to Saudi Arabia from the United States. On May 2, 2012, the Saudi FDA issued decision 33/90 preventing the import of all beef products from the U.S. due to a confirmed case of BSE, bovine spongiform encephalopathy.

     
  • The Surprising $100 Billion Solar Investment
     

    If you thought Germany and California were aggressively trying to add solar power to the grid, the oil state of Saudi Arabia is giving both of them a run for their money with recent plans to enter the solar market. The country is looking for investors in a $109 billion plan to build 41 GW […]

     
  • Effat University on the Forefront of Change in Saudi Arabia
     

    I was also impressed to see Effat graduating a quarter of its students from its College of Engineering, which it established in partnership with Duke University’s Pratt School of Engineering. When I first visited Effat seven years ago, it was still in the early stages of establishing engineering as a degree, a first for women […]

     
  • 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 […]

     

MUST-READS

  • The marketing strategies behind GymNation’s Saudi expansion

    “Our digital strategy in Saudi Arabia will be very similar to what we have done successfully in the UAE for the last six years,” Martland said. “Localisation is of course key, but there is a common human factor across all markets, and since we already have a very good idea of what works, we don’t need to start from scratch.” Martland went on to say that he feels too many brands overthink their strategy when launching into new markets and that’s what slows them down.

  • Balancing global trends and local values in Saudi Arabia

    User-generated content and interactive campaigns have proven to be effective tools that help brands in this fast-paced environment foster a sense of community. Leveraging data analytics and market insights is equally crucial, allowing brands to refine their strategies based on real-time feedback and evolving consumer preferences.

  • Carlos Ortiz wins LIV Golf Houston for 1st victory on the Saudi-funded league

    Ortiz closed with a 5-under 67 to beat Adrian Meronk by a stroke at the Golf Club of Houston. The Mexican player won the 2020 Houston Open at Memorial Park for his lone PGA Tour title. “I love playing here,” Ortiz said. “Obviously, Texas treats me well. It’s my adopted home state. I’m just happy to get it done again in Houston.”

  • Saudi Arabia leads global construction activity with $1.5 trillion pipeline

    JLL, a real estate services company, reveals Saudi Arabia as the world leader in construction activity for the first quarter of 2024. The kingdom has a $1.5 trillion pipeline of unawarded projects, representing 39% of the entire Middle East and North Africa (MENA) construction market valued at $3.9 trillion.

  • U.S. to Offer Landmark Defense Treaty to Saudi Arabia in Effort to Spur Israel Normalization Deal

    The treaty—known as the Strategic Alliance Agreement—must obtain a two-thirds majority vote in the Senate as required by the Constitution. It is unlikely to gain support from enough lawmakers without being linked to a Saudi commitment to normalize ties with Israel.

  • IEA: Global Investment in Clean Energy Set to Reach Record $2 Trillion in 2024

    Global investment in all types of energy is expected to top $3 trillion in 2024, with $2 trillion expected to go into clean energy and $1 trillion to oil, gas, and coal projects, the International Energy Agency stated in its “World Energy Investment 2024” report. However, this record investment in solar, electric vehicles, nuclear power, grids, and low-emission fuels is still not at the level needed to limit global warming to 1.5 degrees Celsius, it said.

  • Saudi foreign minister attends GCC ministerial meeting in Qatar

    Saudi Minister of Foreign Affairs Prince Faisal bin Farhan took part in the 160th ministerial meeting of the Gulf Cooperation Council in Doha on Sunday, the Saudi Press Agency reported. Prince Faisal was received at Doha International Airport by the Minister of State for Foreign Affairs of Qatar Sultan bin Saad Al-Muraikhi. Prince Mansour bin Khalid bin Farhan, the ambassador of Saudi Arabia to Qatar, and the GCC’s Secretary-General Jassim Mohammed Al-Budaiwi were also present.

  • Saudi Arabia set to raise more than $11.2 bln from Aramco stock offering

    Saudi Arabia is set to raise more than $11.2 billion after pricing its offering of Aramco (2222.SE), opens new tab stock toward the lower end of the targeted range, the Wall Street Journal reported on Thursday.
    Saudi Aramco's bankers have told investors it plans to price the shares at 27.25 Saudi riyals, or $7.27 each, according to the report.
    The stake sale, a first since Aramco's record-setting IPO in 2019, was announced last week in a landmark deal to help fund Crown Prince Mohammed bin Salman's plan to diversify the economy.

  • Saudi and Qatari universities lead the region in global education rankings

    Universities from Saudi Arabia and Qatar have been ranked the best in the Arab world in a new global higher education league table.

    Seven institutions across the region made the top 250 of the QS World University Rankings 2025, with three from Saudi Arabia and two from Qatar making up the top five in the Middle East.

    King Fahd University of Petroleum and Minerals led the way in 101st position – up from 180th last year – out of 1,500 universities worldwide.

  • As investment drive falters, Saudi milks Aramco ‘cash cow’

    "The cash raised will certainly help support government spending priorities. But it will ultimately be a fiscal booster more than a long-term cure for funding needs," said Robert Mogielnicki of the Arab Gulf States Institute in Washington. Saudi officials have since last year said the timeframe for some Vision 2030 projects would be extended, though they have not given details and said other projects would be accelerated. Finance Minister Mohammed al-Jadaan said last month that global "shocks" since Vision 2030's launch in 2016 -– wars in Ukraine and Gaza, the pandemic, inflation and supply chain disruptions –- had spurred a revision of reform plans. Read more: https://www.al-monitor.com/originals/2024/06/investment-drive-falters-saudi-milks-aramco-cash-cow#ixzz8cPnesbyH