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Recent stories from sustg
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Unusual Video Footage Shows Saudi Arabia’s Grand Mosque Under Construction
- March 21,2013
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- Lucien Zeigler
Amazing footage of the ongoing construction at Mecca’s Grand Mosque surfaced on Facebook, showing the large-scale reconstructive efforts at the holy site in Saudi Arabia. The video, shot from what looks like a crane, shows worshippers circling the Kaaba with construction efforts ongoing at the mataf expansion not far away. The amateur footage shows the […]
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We’re here, can we come in? TASI and foreign investors
- March 20,2013
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- Richard Wilson
The figurative lobby to the Tadawul All Shares Index (TASI), Saudi Arabia’s stock market, is filling up with eager investors. Intrigued by the $387 billion Saudi stock market (three times the UAE bourses combined) and the $727 billion Saudi economy, many of them think… Brazil; whose fully accessible stock market’s capitalization exceeds $1 trillion. While […]
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First of 84 new Boeing F-15SAs bound for Saudi Arabia Tested as U.S.-Saudi Military Relations Remain Active
- March 18,2013
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- Lucien Zeigler
UPI.com reports that the first new Boeing F-15SA completed a successful test flight last month in the United States. The report quotes Lt. Gen. C. D. Moore II, the commander of the Air Force Life Cycle Management Center, who said, “The successful first flight of the F-15SA is a tremendous milestone for the program and […]
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The Stunning Photos of Sultan Al-Ghamdi
- March 18,2013
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- SUSTG Team
Elephant Rock, Devil’s Head Mountains, Desert Waves… These are some of the evocative names given to his Saudi landscape photos by Sultan Al-Ghamdi. Qusay Fayoumi describes him as ‘talented and hardworking.’ Take a look for yourself at Sultan’s Flickr page by clicking here. Below are three of the featured photos, but be sure to check […]
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Al-Rabiah to Promote Saudi Auto Industry in U.S.
- March 13,2013
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- Lucien Zeigler
The U.S.-Saudi Arabian Business Council (USSABC) issued a press release today to announce a new conference in Michigan to promote the Saudi auto industry. H.E. Tawfiq al Rabiah, the Saudi Minister of Commerce and Industry, is listed as a confirmed speaker of the event, which will “bring together senior Saudi Government officials, major Saudi industrialists, […]
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Top 10 Salaries In Saudi Arabia
- March 13,2013
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- SUSTG Team
The 2013 Gulf Business Salary Survey suggests it is good to be a CEO or managing director in Saudi Arabia; especially if you are a banking professional. The Survey also examines trends with regard to Arab, Western and Asian professionals and the impact of Nitaqat on small and medium sized companies.
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Saudi Youth Filmmaking on the Rise
- March 12,2013
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- SUSTG Team
Social media continues to catalyze Saudi Arabia in unpredictable ways. Fatima Al-Arjan takes a look at the rise of video blogging ‘vloggers.’ Short videos – some 36 seconds at maximum – have proliferated. While sometimes a platform for controversial posts, like many on-line communities, this one seems to be maturing. In a related item, female […]
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Saudi Prince Alwaleed Joins Twitter
- March 12,2013
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- Lucien Zeigler
HRH Prince Alwaleed Bin Talal has joined Twitter, the microblogging social network in which the Prince holds a 3% stake. In an announcement in both Arabic and English on his official handle, @Alwaleed_Talal, Alwaleed’s office noted that the businessman will soon be active on Twitter: The Private Office of HRH Prince Alwaleed Bin Talal […]
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Lockheed Nets $253 Million Training Contract
- March 12,2013
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- Lucien Zeigler
US-based Lockheed Martin will provide Virtual Training Technologies in support of Saudi Arabia’s F-15SA Modernization Program. The news comes on the heels of a recent announcement that the company had set up a branch in Riyadh on February 8th. — According to a Press Release, Lockheed Martin, the Bethesda, Maryland-based aerospace company, has received a contract […]
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Keystone: Saudi Arabia’s First Idea Translation Lab
- March 11,2013
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- SUSTG Team
Many people are familiar with the King Abdullah University for Science and Technology (KAUST) and it’s glittering $20 billion endowment. Founded in 2009 and sited north of Jeddah on the Red Sea, KAUST intends to be a global caliber research university as well as an educational and social bellwether that allows co-ed education. The KAUST […]
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MUST-READS
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ISIS Banking NetworkWhy ISIS’s secret banking network prospers despite air strikes
The money-exchange financiers know the liquidity of their trading partners and won’t enter into transactions that can’t be honoured. And cheating is rare, as are robberies. In such a tight-knit profession, exchange operators know their families would be responsible for unpaid debts, and their tribe would suffer for any dishonesty.
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Saudi-LebanonLebanon’s Hariri urges Saudi king not to abandon country
Hariri's direct appeal to King Salman reflects worries among Saudi Arabia's allies in Lebanon that a major shift is under way in its policy toward the country.
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IEA Market ReportFebruary: Global oil supply growth plunging, with US taking biggest hit for now
The report sees 4.1 million barrels a day (mb/d) being added to global oil supply between 2015 and 2021, down sharply from the total growth of 11 mb/d in the period 2009-2015.
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KSA and ISISAnalysis: The Kingdom and the Caliphate: Duel of the Islamic States
As they see it, Saudi Arabia started out, way back in the mid-eighteenth century, as something much like the Islamic State but gradually lost its way, abandoning its expansionist tendencies and sacrificing the aggressive spirit of early Wahhabism at the altar of modernity.
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U.S.-SaudiWhy networking matters for Saudi students in the US and beyond
So it should perhaps come as no surprise to learn that a PhD student from Saudi Arabia currently studying in the United States — Abdullah Al-Ghafis — arranged a high level networking meeting in New York recently with the Deputy Permanent Representative of the Kingdom of Saudi Arabia to the United Nations, Prof. Saad Abdullah Al-Saad. Al-Gahfis helped arrange the meeting along with students from the Iona College Saudi Club and the Brooklyn College Saudi Club.
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Saudi Business8 Saudi Companies That Existed Before The Formation Of The Kingdom
Considering its long business standing in the country, Haji Abdullah Alireza & Company was awarded commercial registration number 1 by the Saudi Arabian government.
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Banking and Finance62pc of Saudis demand better banking standards
Twenty-two per cent of banking consumers in Saudi Arabia are less than satisfied with their bank's existing product offering, a report said, adding that as high as 62 per cent of them demand better banking standards.
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Council of Saudi ChambersSaudi business leader seeks King Salman’s help on government payments to construction firms
Some construction firms have seen scheduled payments from the government delayed by over six months, Abdulrahman Al Zamil, president of the Council of Saudi Chambers business association, wrote in a letter to King Salman.
“If the delay in payments continues, these companies will be at risk of default, or go completely out of business,” said the letter.
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Saudi-RussiaNo date set for Saudi king’s visit to Russia
No date has been set for Saudi King Salman's visit to Russia, Saudi Arabia's state news agency SPA reported on Sunday citing a source at the foreign ministry.
Russia's RIA news agency reported on Wednesday that the king plans to visit Moscow in mid-March, quoting Kremlin aide Yuri Ushakov..
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TadawulSaudi Stock Market Changes Working Hours
Riyadh-Saudi banks are likely to change their working hours to openning 30 minutes earlier at 9:00 am and closing at 4:00 pm local time (GMT +3).
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