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The State of Internet in MENA 2015: Growth in Full Throttle (But Beware of Bumps)
- March 6,2015
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- Khaldoon Tabaza
It’s an exciting time for MENA’s online industry. While traditional industries’ investors are starting to worry – due to low oil prices, a potential slowdown in construction and real-estate, and eroding margins in telecom and banking- online businesses continue to thrive, thanks to high demand and adoption of transactional services, as well as the transformation […]
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PHOTO: Kerry Meets with King Salman in Saudi Arabia
- March 5,2015
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- SUSTG Team
U.S. Secretary of State John Kerry is in Riyadh today to meet with King Salman and other high-level Saudi officials. The Secretary’s “Full Schedule” of meetings is an opportunity for the Secretary to build rapport with new Saudi officials, a State Department spokesperson said. The Saudi Press Agency (SPA) published this photo from today’s meeting […]
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Secretary of State John Kerry Heads to Riyadh for a ‘Full Schedule’ Visit; Moment Seen as a ‘Get-to-Know You’ Opportunity for the Secretary
- March 4,2015
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- SUSTG Team
U.S. Secretary of State John Kerry is visiting Saudi Arabia for what the State department called a “full schedule” of meetings with King Salman, GCC ministers, Deputy Crown Prince Mohammed bin Nayef, and Minister of Foreign Affairs Prince Saud al Faisal. Secretary of State John Kerry will arrive Wednesday night and stay overnight in Riyadh. On Thursday, […]
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‘Subtle Change of Energy Policymaker Line-Up’ Gives King Salman Firm Hand on Energy Policy, Report Says
- March 3,2015
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- SUSTG Team
When Saudi Arabia’s King Salman announced a shake-up of leadership shortly after ascending to the throne in January, one of the Kingdom’s most powerful positions – Minister of Petroleum and Natural Resources – was left unchanged. Ali Al Naimi has been Minister for 20 years, and was CEO and President of Saudi Aramco for 12 years before […]
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Sisi in Saudi Arabia as Kingdom Strengthens Diplomatic, Security Ties with Egypt
- March 2,2015
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- SUSTG Team
Egypt’s President Abdel Fatteh el Sisi visited Saudi Arabia for talks with King Salman over the weekend as cooperation between the Kingdom of Saudi Arabia and Egypt on diplomatic and security challenges reaches a high point. Sisi, whose rise to power was a defeat for the Muslim Brotherhood that has long been at odds with Saudi […]
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Despite ‘Kafalah’ Lending Programs for SMEs, Saudi Banks Leave Startup Entrepreneurs Without Needed Funding
- February 27,2015
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- SUSTG Team
Saudi banks are making it difficult for startups get off the ground by decreasing loans to new entrepreneurs, according to a Bloomberg report, despite the fact that these loans are backed by a government SME Loan Guarantee Program. Deema Almashabi writes that entrepreneurs cannot count on receiving necessary startup capital because “banks are not lending to any startups […]
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Tadawul Up 11.2 Percent This Year, Funds Seen as Increasingly Bullish on Saudi Arabian Equities
- February 26,2015
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- SUSTG Team
After a rough second half of 2014, Saudi Arabia’s stock market, the Tadawul or TASI, has begun a bounce-back. The bourse is up 11.2 percent this year, and a recent Reuters survey of regional asset managers found bullishness in those polled about Saudi Arabia equities and the Tadawul. The current gains in Riyadh are the […]
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King Salman’s Cash Payments Give One-Off Jolt to Saudi Economy
- February 25,2015
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- Lucien Zeigler
After the death of King Abdullah and the smooth succession to Saudi Arabia’s new King Salman, the new Custodian of the Two Holy Mosques announced a one-off $32.3 billion spend of two months of wages and other cash handouts to Saudi citizens, government employees, soldiers, pensioners and students on government stipends at home and abroad. After the announcement, […]
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MERS Still ‘Baffling’ Scientists as WHO Criticizes Implementation of Prevention Methods in Saudi Arabia; Riyadh Hospital Temporarily Closed
- February 24,2015
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- SUSTG Team
As MERS cases spike in Saudi Arabia, a delegation of World Health Organization (WHO) and other international organizations visited Saudi Arabia and concluded that the Kingdom must do more to combat the spread of the disease, particularly in hospitals, according to a press release from the WHO today. “Although data collection and surveillance have improved globally […]
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King’s Speech at Global Islamic Conference in Mecca to Counter Terrorism Urges Strategy
- February 23,2015
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- SUSTG Team
At the Global Islamic Conference that brought together scholars in Mecca, Prince Khaled Al-Faisal read a speech on behalf of King Salman in which the monarch urged the defeat of extremism and noted, “terrorists do not at all represent Islam.” “Many people have the misconception that terrorism is the main feature of Islam and Muslims,” […]
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MUST-READS
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Saudi Oil ExportsSaudi Arabia Oil Tanker Tracking Shows Exports Slide in February
Saudi Arabia’s shipments of crude oil fell last month, indicating OPEC’s biggest producer is continuing to cut supplies by more than it pledged.
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King Salman in AsiaWhat the Saudi King Salman seeks in Asia
Saudi kings seldom undertake such ambitious regional tours, but King Salman's undertaking is an extension of the kingdom's more ambitious outreach to the Asia-Pacific since King Abdullah's death in 2015.
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King Salman in IndonesiaSaudi king arrives in Indonesia under tight security
Saudi Arabia's King Salman on Wednesday landed at a military airbase in the capital of Indonesia, the world's largest Muslim-majority country, to kick off the longest leg of a month-long trip across Asia.
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AgricultureMilking 22,500 cows in the Saudi Arabian desert
There are 22,500 cows being milked on the Al Badiah dairy farm, one of Almarai’s six super farms in Riyadh, Saudi Arabia.
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Asia Delegation 2017Saudi king reported to be taking 506 tons of luggage, including two limos, on trip to Indonesia
A similarly large entourage is expected this week in Indonesia. The Jakarta Post reported that the Saudi group will total about 1,500 people, including 10 ministers, 25 princes and at least 100 security personnel.
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Counter TerrorismSaudi king to work with Indonesia to combat Islamic State: ambassador
A pact to combat terrorism will be the centerpiece of up to 10 agreements that will be signed when Saudi Arabia's king this week visits Indonesia, the world's largest Muslim-majority country, the kingdom's envoy to Indonesia said on Tuesday.
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Saudi Stock MarketSaudi Arabia Is Seeking Ways to Boost 4% Foreign Stock Ownership
Saudi Arabia is seeking ways to boost foreign investment in its bourse, almost two years after easing access to the one of the world’s most restricted exchanges.
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King Salman in MalaysiaKing Salman receives grand red-carpet welcome on arrival in Malaysia
King Salman was accorded a red carpet welcome at the Parliament Square in the Malaysian capital on Sunday at the start of his four-day state visit to Malaysia.
- Washington Post - Saudi king visits Malaysia as he begins Asia tour
- Japan Times - Saudi Arabia’s King Salman begins six-nation Asian tour
- Arab News - Diplomatic ties between Saudi Arabia, Malaysia date back to 1961
- WSJ (Paywall) - Saudi King Leads Hundreds of Princes, Clerics, Military Officials on Asia Trip
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Saudi-MalaysiaMalaysia’s Petronas, Saudi Aramco to sign agreement during Saudi King’s visit
Reuters reported earlier this week that Petronas and Aramco are expected to sign an agreement to collaborate on a 300,000 barrel-per-day oil refinery and petrochemical complex in Malaysia's southern state of Johor that is valued at $27 billion (£22 billion).
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Saudi Comic ConSaudi Fans Flock to Kingdom’s First Comic Con
But according to Hisham AlSaeed, a representative from the company contracted to run the show, the official event is really the culmination of an existing trend: in the past several years, Saudis have been “holding their own cosplay competitions at small, underground private events.”
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