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Recent stories from sustg

  • Jadwa: Economic Data for July Shows ‘Mixed Picture’ for Saudi Economy
     

    Recently-released Jadwa Investment monthly chartbook data on the Saudi economy for July showed “a mixed picture in economic activity,” the Riyadh-based investment firm said, noting that data on point-of-sale transactions and ATM withdrawals showed a notable slowdown in July, while the non-oil PMI rose to a 2016 high. The Saudi unemployment rate rose slightly to 11.6 […]

     
  • Deputy Crown Prince to Promote Saudi Vision 2030 in Japan, China and at G20
     

    Saudi Deputy Crown Prince, Minister of Defense and head of the influential Council of Economic and Development Affairs, HRH Mohammed bin Salman, plans to visit China August 29-31 and Japan August 31-September 3. Prince Mohammed will then attend the Group of 20 Summit September 4-5 to be held in Hangzhou, China where he will be […]

     
  • John Kerry to Visit Saudi Arabia
     

    U.S. Secretary of State, John Kerry, will travel to Kenya, Nigeria and Saudi Arabia next week as part of a tour that is expected to focus on counter terrorism.  Secretary Kerry is expected to be in Jeddah on Wednesday, August 24th. AFP reports that Secretary Kerry will meet with his counterparts from the six-nation Gulf […]

     
  • Ematah (Removal) Campaign Addresses Saudi Litter
     

    The ‘Crying Indian’ was one of the most iconic images on American television in the 1970s. Produced by the Keep America Beautiful organization it featured Iron Eyes Cody as a Native American distraught over the amount of pollution and litter there was in the United States. Litter was a significant issue in America at the […]

     
  • As Entertainment Industry Develops, A ‘Great Opportunity’ for Cinema Business Awaits in Saudi Arabia
     

    With Deputy Crown Prince Mohammed bin Salman’s recent visit to the United States that included meetings with several top entertainment industry executives in Silicon Valley, it is quite possible that entertainment options in Saudi Arabia could be dramatically greater in a decade. But what will that look like? The Vision 2030 document states that the Kingdom’s leaders “consider culture […]

     
  • U.S. State Department Approves Potential $1.15b Sale of 130 Abrams Battle Tanks, 20 Armored Recovery Vehicles to Saudi Arabia
     

    The U.S. State Department has approved the potential sale of more than 130 Abrams battle tanks, 20 armored recovery vehicles and other equipment, worth about $1.15 billion, to Saudi Arabia, the Pentagon said on Tuesday. “The State Department has made a determination approving a possible Foreign Military Sale to the Kingdom of Saudi Arabia for […]

     
  • Gallup Poll on Saudi Attitudes About Economy, Prosperity Sees Hope after Oil, Divide Between Saudis and Expats
     

    A recently released Gallup poll, conducted shortly after the announcement of Vision 2030, found that nearly half of adults (48%) rate their lives well enough to be considered “thriving,” up significantly from 35% a year earlier. Such a large shift in thriving rates in a single year “is rare in any country,” Gallup said. However, there is a sharp […]

     
  • Saudi Presents Investigation into Coalition Bombings in Yemen
     

    An investigative committee examining charges that the Saudi-led coalition fighting against Houthi rebels in Yemen has caused civilian casualties largely defended their actions, Reuters reports. According to the Saudi Press Agency (SPA), the coalition’s investigative committee is independent and composed of representatives from six countries, all members of the Gulf Cooperation Council, in addition to […]

     
  • Reuters Poll: Non-Oil Business Activity Slows in Gulf as Governments Tighten Spending
     

    A recently released Reuters poll of economists finds that non-oil business activity is slowing in the Gulf because of government austerity measures, causing some to revise their economic forecasts down for the region. In 2015, growth in the GCC “began to lose steam as governments reduced spending to limit big budget deficits caused by cheap oil,” […]

     
  • Aramco Names Ibrahim Al Buainain as Chief Executive of Its Trading Arm
     

    Saudi Aramco has named Ibrahim Al-Buainain as chief executive of its trading arm, the company said on Tuesday, as Al-Buainain’s star continues to rise within the ranks of the energy giant. Ibrahim Al-Buainain’s promotion to CEO of Saudi Aramco Trading takes effect this month. In November 2014, Aramco named Al Buainain as head of Saudi […]

     

MUST-READS

  • 2 US-flagged ships with cargo for US Defense Department come under attack by Yemen’s Houthi rebels

    Two American-flagged ships carrying cargo for the U.S. Defense and State departments came under attack by Yemen's Houthi rebels on Wednesday, officials said, with the U.S. Navy intercepting some of the incoming fire.

    The attacks on the container ships Maersk Detroit and Maersk Chesapeake further raise the stakes of the group's ongoing attacks on shipping through the vital Bab el-Mandeb Strait. The U.S. and the United Kingdom have launched multiple rounds of airstrikes seeking to stop the attacks.

  • It turns out oil gets more expensive to ship when boats go boom in the Red Sea

    As the US continues—and escalates—its not-quite-a-war with the Houthi rebels in Yemen, shipping markets are ramping up the price to transport crude oil. Bloomberg reports that the cost of moving oil from the Middle East to Asia is up 182% since the US began leading “Operation Prosperity Guardian” to secure the important global shipping channel.

  • Qatar, a key mediator in sensitive Israel-Hamas talks, lashes out at Netanyahu over critical remarks

    Qatar said it was appalled Wednesday by leaked remarks made by Israeli Prime Minister Benjamin Netanyahu in which he criticized the country’s mediation efforts with Hamas, complicating already arduous negotiations meant to halt the hostilities in exchange for a hostage release. In a meeting with families of hostages held by Hamas, Netanyahu said Qatar’s role in the mediation was “problematic.” Qatar, a key mediator that also has deep ties to the militant group and hosts some of its exiled leaders, said Netanyahu’s remarks were “irresponsible and destructive.”

  • Saudi Arabia to allow first alcohol sales in 72 years, dividing opinion

    Located in the capital’s Diplomatic Quarter, the store will be accessible only to non-Muslim diplomats, meaning that for the vast majority of Saudi Arabia’s 32 million people, nothing will change for now.

    Additionally, purchasing quotas will be enforced. Access to the store will be restricted to those who register via an application. And customers will be asked to keep their phones in a “special mobile pouch” while they browse for beer, wine and spirits.

  • Why and when did Saudi Arabia ban alcohol? Why is its first liquor store a big deal?

    Saudi Arabia is seeing revolutionary reforms under Crown Prince Mohammed bin Salman. He has ambitious plans to make the kingdom the go-to destination for business and tourism. It involves shedding the image of a conservative regime and being more open. And the latest move involves allowing alcohol. Yes, the country is all set to get its first liquor store in the capital Riyadh but it will serve only non-Muslim diplomats.

  • Saudi Arabia, Hong Kong financial bodies ink MoU at AFF

    Saudi Arabia’s Financial Sector Development Program signed a memorandum of understanding with Hong Kong’s Financial Services Development Council on Wednesday at the 17th Asian Financial Forum. The MoU aims to enhance cooperation and exchange experiences in accordance with best practices, the Kingdom’s Ministry of Finance said.

  • Opinion: We did not help build women’s tennis for it to be exploited by Saudi Arabia

    That work is now imperiled. WTA Tour officials, without adequate consultation with the players who are the very foundation of the sport, are on the verge of agreeing to stage the WTA Finals in Saudi Arabia. This is entirely incompatible with the spirit and purpose of women’s tennis and the WTA itself.

  • Women At Wheel, Cinemas Reopened: 5 Key Reforms Under Saudi Arabia’s Crown Prince

    The decision by Saudi Arabia to allow alcohol sales to non-Muslim diplomats, according to two sources, is the latest in a series of reforms aimed at projecting a more open, moderate image. Here are five other headline-grabbing changes implemented in recent years under Crown Prince Mohammed bin Salman, whose reputation was dealt a major blow by the 2018 murder of dissident journalist Jamal Khashoggi in the Saudi consulate in Istanbul.

  • Saudi influencer highlights Kingdom’s cultural heritage by showcasing beverages

    The diversity of Saudi beverages came from the geographical and cultural variations of each region, and the social aspect of preparing and sharing drinks helped visitors and tourists to understand the nation’s history, Al-Issa said.

    “Saudis, despite their simple life in the desert, countryside, or distant villages, are always keen to provide hospitality services with all authentic aspects and methods. Coffee is our culture and a great pride to hold onto,” he added. Al-Issa noted that Saudi coffee had become a focal point of local hospitality and traditions, highlighting the culture and identity of regions.

  • Saudi Vice Foreign Minister Meets with Spanish State Secretary for Foreign and Global Affairs

    Saudi Vice Minister of Foreign Affairs Eng. Waleed El-Khereiji met here today with Spanish State Secretary for Foreign and Global Affairs Diego Martínez Belío, on the sidelines of the UN Security Council open debate on the "Situation in the Middle East". The two officials discussed bilateral relations and ways to further develop them, and other issues of common concern.

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