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Recent stories from sustg

  • Geithner welcomes Saudi oil pledge
     

    U.S. Treasury Secretary Timothy Geithner said he welcomed Saudi Arabia’s pledge to continue to make sure oil supplies are sufficient to meet demand.

     
  • Car-nage
     

    In his weekly piece for Arab News, Abdulateef Al-Mulhim takes a look at the extraordinary toll exacted on Saudi roads. With well-engineered roads and streets and access to the latest and safest automobiles, he says, Saudi Arabia still leads the world in highway fatalities. He offers a few ideas about how to gain control over […]

     
  • Jadwa Saudi Chartbook – March 2012 – Banking
     

    Bank deposits rose for the fifth consecutive month in January, with demand deposits accounting for the entire rise to reach almost 60 percent of total bank deposits. Bank excess deposits at SAMA remained very high, giving scope for further lending growth.    

     
  • Jadwa Saudi Chartbook – March 2012 – Trade
     

    According to Jadwa Investment’s March 2012 Chart Book,  “Non-oil exports hit a new all-time high in December owing to greater production of petrochemicals and plastics. Imports also jumped that month and data on letters of credit issued for imports suggest further rises are likely in the months ahead.”  

     
  • What to Know About the TASI Opening
     

    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 […]

     

MUST-READS

  • Gaza hostage talks deadlock and spark U.S.-Israel blame game

    U.S. officials, together with Qatari and Egyptian mediators, pushed hard in recent days for a deal, stressing it is the only way to reach a six-week ceasefire in Gaza, where more than 30,000 Palestinians have been killed.

  • Israel truce team leaves Doha, official blames Hamas for ‘dead end’

    Israel has recalled its negotiators from Doha after deeming mediated talks on a Gaza truce "at a dead end" due to demands by Hamas, a senior Israeli official said on Tuesday.
    The official, who is close to the Mossad spymaster heading up the talks, accused Hamas' Gaza leader Yahya Sinwar of sabotaging the diplomacy "as part of a wider effort to inflame this war over Ramadan".
    The warring sides had stepped up negotiations, mediated by Qatar and Egypt, on a six-week suspension of Israel's offensive in return for the proposed release of 40 of the 130 hostages still held by the Palestinian militant group in Gaza.

  • Eid Season 2024 returns to Saudi Arabia

    Scheduled to take place from 10 to 14 April — depending on the moon sighting — Eid Season 2024 will kick off with Eid prayers. Throughout Eid Season 2024, a variety of events and outings are planned across the Kingdom, offering opportunities for families to create lasting memories together. From concerts featuring renowned artists to cultural performances showcasing traditional music and dance, there’s no shortage of entertainment options during Eid Season. Some of the events include concerts by Majid Al Muhandis in Jeddah, Modi Alshamrani and Dhom Altlasy in Dammam, Abadi AlJohar, Zena and AlMestrih in Riyadh, and many others.

  • Saudi crown prince, US House Armed Services Committee chairman discuss ties

    Saudi Arabia’s Crown Prince Mohammed bin Salman has received in Jeddah Chairman of the US House Armed Services Committee Mike Rogers, the Saudi Press Agency said early Tuesday. The US delegation also included committee members Adam Smith, Salud Carbajal, and Veronica Escobar. The meeting discussed bilateral relations and cooperation, in addition to issues of mutual interest.

    Saudi defense minister Prince Khalid bin Salman, Saudi ambassador to the US Princess Reema bint Bandar, Saudi foreign minister Prince Faisal bin Farhan, and other senior Saudi and US officials attended the meeting.

  • Saudi Arabia’s non-oil exports increase by 0.8 percent in January

    Saudi Arabia’s non-oil exports, including re-exports, recorded a 0.8 percent increase in January 2024 compared to the same period in 2023, reported the General Authority for Statistics. Excluding re-exports, non-oil exports saw an 11.5 percent decline as re-exports rose by 42.6 percent in the same period. The authority also reported a decline in overall merchandise exports mainly due to the decline in oil exports following Saudi Arabia’s pledge of an additional oil output cut of 1 million barrels per day in July 2023.

  • Saudi Arabia lands latest major IP with announcement of world-first Dragon Ball theme park

    Saudi Arabia continues to utilise major IPs in its ongoing tourism push, with the latest announcement seeing the world’s only Dragon Ball-themed park making its way to Qiddiya. Saudi Arabia has been making major investments into its tourism sector in recent years, with a host of IPs such as TransformersWWE and Warner Bros Discovery all making their way to the kingdom for major attractions projects. Now the iconic Dragon Ball series will join the fray, with fans of the anime franchise able to take in an entire theme park experience for the first time.

  • Number of bank branches in Saudi Arabia falls to 1,901 in 2023

    The number of bank branches in Saudi Arabia reached 1,901 by the end of 2023, down 26 branches, from 1,927 a year earlier.   This is the lowest number of Saudi bank branches in almost nine years, since November 2014, when it reached 1,891.   A total of 39 new branches opened last year, while 65 were closed, according to the latest bulletin issued by the Saudi Central Bank (SAMA).

  • Saudi Arabia limits human resources jobs to citizens

    Saudi Arabia has said that human resources jobs in the kingdom are restricted to Saudi nationals as the kingdom is seeking to provide more work for its citizens.
    The confirmation was made by the Saudi Ministry of Human Resources and Social Development in response to a query from a citizen who said he had been interviewed by a foreigner working as a human resources specialist at a medical centre.

  • Does US deterrence work against Iran’s allies? Yes and no.

    “What really shook them up [the militias and the Iranians] was the targeted killing of the logistics commander in Baghdad,” says Kenneth Katzman, a veteran Middle East analyst and senior fellow at The Soufan Center, a global intelligence and security consultancy in New York.  The strike, he says, was proof of exceptionally precise locational intelligence. He adds that it “showed that the U.S. is willing to employ the same strategy it used on Al Qaeda and the Islamic State – a targeted killing strategy that … convinced” the militias and Iran “that Washington is going to use all elements of its intelligence and capabilities to go after them if they continue.”

  • Manga Productions Chief Essam Bukhary on Saudi Arabia’s Manga Craze

    Saudi Arabia, where popular anime characters such as “Captain Tsubasa” and “Dragon Ball” protagonist Son Goku have been engrained in the culture for decades, is taking its love affair with Japanese manga content to the next level. In late March, just a few weeks after the death of “Dragon Ball” creator Akira Toriyama, it was announced that the world’s first theme park dedicated to the megahit Japanese manga and animation franchise will be built in Qiddiya, the massive entertainment and tourism project outside the Saudi capital of Riyadh through a joint venture between Qiddiya and Japan’s Toei Animation.