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Recent stories from sustg

  • Instagramming Riyadh
     

    Riyadh, Saudi Arabia is a beautiful city – one that is growing and changing at an impressive speed. Yet much of the Kingdom’s capital remains as it has for years. Traditional style housing and buildings, most of which are no higher than two stories, still dominate this sprawling city, but the gargantuan and glitzy new […]

     
  • Women Transforming the Middle East
     

    In this thoughtful interview with SUSRIS, Dr. Isobel Coleman, Council on Foreign Relations Senior Fellow, characterizes King Abdullah as a ‘committed incrementalist.’ An accurate description based on his steady push of reforms that are meaningful but are not, as some critics point out, decisive. Why doesn’t the King just declare that it is legal for […]

     
  • US most preferred destination for Saudi students
     

    According to an article in Arab News, the Ministry of Higher Education “recently issued a statement revealing that most of the students selected for the King Abdullah Foreign Scholarship Program preferred to go the United States of America to pursue their higher studies, while the least number of students chose Holland. The ministry’s statement provides figures […]

     
  • New President for KAUST in Saudi Arabia
     

    In a press release today, the King Abdullah University of Science and Technology (KAUST) in Thuwal, Saudi Arabia, announced a new president in Dr. Jean-Lou Chameau, who will be the second to serve in that post since the university’s inception. Dr. Chameau previously served as President of the California Institute of Technology in Pasadena.

     
  • 5 More Years for Booming King Abdullah Scholarship
     

    Al Arabiya reports that the King Abdullah Scholarship Program, which has sent thousands of Saudi students to the United States and elsewhere, has been renewed for another five years in an important step that will strengthen US-Saudi cultural and economic ties. According to Al Arabiya, Minister of Higher Education Khalid Al Angari said the move was “clear […]

     
  • Saudi Arabia Strong Market for U.S. Companies, Ex-Im Head Says
     

    Saudi Arabia, the Arab world’s biggest economy, represents an “exceedingly” strong market for U.S. companies, Export-Import Bank Chairman Fred Hochberg said. “Part of that has been driven by in this part of the world a diversification of economies,” Hochberg said in an interview yesterday in Riyadh. “We see a lot of opportunity here. U.S. companies […]

     
  • Saudi Chartbook – February 2013
     

    Jadwa Investment’s recently released Saudi Chartbook for the month of February 2013 assesses a number of key aspects of the Saudi economy including the real economy, bank lending, banking indicators, inflation, trade, oil, exchange rates, the TASI (Saudi Stock Market), sectoral performance, and more. [The full report from Jadwa Investment can be read here.]

     
  • Saudi Arabia’s Six New Economic Cities
     

    Except for King Abdullah Economic City, each of the cities has its own area specialization being developed around at least one globally competitive cluster or industry. They are also being developed according to environmental guidelines using state-of-the-art greenfield solutions. The aim is to create opportunities for the private sector by way of jobs and attractive […]

     
  • Must-see interactive 360° view from top of Burj Dubai
     

    On the heels of last month’s viral photograph of the World’s Tallest Mountain, Mount Everest, which was captured in astounding interactive detail so much so that you can zoom in and out and see the entire mountain, it looks like a similar project was done on top of Dubai’s impressive Burj Khalifa tower, currently the […]

     
  • Abu Dhabi Buzzes On Eve of World Future Energy Summit ‘13
     

    World Leaders, Luminaries, Companies and Businessmen Descend on Abu Dhabi For the 6th edition of the World’s Largest Renewable Energy Conference and Exhibition [Abu Dhabi] – This week, world leaders, government officials and delegations, business executives, academics, engineers, scientists and many more will converge for the World Future Energy Summit 2013, part of Abu Dhabi’s […]

     

MUST-READS

  • Following Israeli counterstrike on Iran, region appears to pull back from the brink

    After last weekend’s limited Israeli strike on Iran, and Tehran’s apparent willingness to absorb the blow without serious retaliation, the Middle East region looks to be pulling back from the brink of a major regional war. Credit must be given to the US administration, which worked hard to convince the Israeli government to not hit nuclear and energy targets as well as avoid a strike so large that it would necessitate an Iranian retaliation. The Israeli decision to choose a path that would avert further escalation with Iran has raised hopes that, after more than a year of war, perhaps Prime Minister Benjamin Netanyahu is winding down this round of warfare.

  • Trump’s Commercial Influence in the Gulf

    Eric Trump, the executive vice president of the Trump Organization, stated that his father “loves” the United Arab Emirates and hopes to visit on an official trip if reelected in the upcoming U.S. presidential election. The UAE president, Mohammed bin Zayed al-Nahyan, recently visited the Republican presidential candidate, former President Donald J. Trump, as part of his official visit to the United States in late September. Whether or not Trump wins the presidency for a second time in November, his brand – and varying degrees of commercial influence – will remain a visible feature of the Gulf region.

  • Syrian national airline resumes flights to Saudi city of Jeddah after eight-year pause

    The Syrian regime’s transport ministry announced on Sunday that national carrier Syrian Air’s flights from Damascus to the Saudi city of Jeddah would resume, 18 months after Saudi Arabia and the regime normalised ties. Flights will restart again on 7 November, according to the regime’s SANA news agency, and will operate twice weekly. These will be the first commercial flights from Damascus to Jeddah for over eight years. Flights are already operating between Damascus and the Saudi capital Riyadh.

  • Saudi and Iranian top diplomats discuss need to avoid destabilizing region

    Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan discussed in a phone call with Iranian counterpart Abbas Araghchi the importance of avoiding anything that might destabilize the region’s security, following Israel’s Saturday strikes on Iran, the Saudi foreign ministry said on Monday.

  • Heritage commission expands urban heritage register with 500 new sites

    The newly registered sites are distributed across several regions, with Riyadh leading with 413 sites, followed by Makkah with 39, Al-Baha with 25, and smaller numbers in Hail (6), Jazan (5), Aseer (4), and two sites each in the Eastern, Najran, and Al-Jouf regions. Additionally, Tabuk and Qassim regions each registered one site.

  • Goldman, BlackRock Bosses Contend With a Changing Saudi Arabia

    The most influential names from the world of finance and business are flying to Riyadh for the eighth iteration of the kingdom’s Future Investment Initiative. Dubbed ‘Davos in the Desert,’ the event’s pre-summits started Monday. Over the course of the next few days, we’ll hear from the likes of David Solomon, Jane Fraser, Marc Rowan and Larry Fink. They’re heading to the kingdom amid a profound shift in their relationships with Saudi Arabia’s nearly $1 trillion wealth fund.

  • Saudi tourism facilities face penalties for non-compliance, ministry warns

    According to the ministry, during recent inspections of licensed facilities, it discovered a lack of conformity of promotional material to regulations and failure to display contact information for duty managers in the reception area, among other issues. Additionally, the ministry said it found instances of invalid licenses for some government partners in the tourism sector and failure to maintain cleanliness or carry out maintenance at a number of facilities.

  • World Cup 2034: Saudi Arabia human rights report ‘flawed’

    Football's global governing body, FIFA, are expected to announce the middle eastern kingdom as the host for the 2034 tournament on December 11, with no other bids being considered at this point. But the decision to award the tournament to a country with a poor human rights record has angered advocacy groups. FIFA attempted to fulfil their stated commitment to human rights by commissioning an independent report on Saudi Arabia by the Saudi arm of London law firm, AS&H Clifford Chance. But its findings have been slammed.

  • Foreign investors flock to flagship Saudi economic conference — but face less free-flowing cash

    Described in past years by some attendees as a bonanza for Saudi cash, fund managers who spoke to CNBC this year draw a distinctly different picture as the kingdom simultaneously upholds more requirements for prospective fundraisers and investors, while also facing a revenue crunch amid lower oil prices and production. “Without question, it’s gotten way more competitive to attract money from the kingdom,” Omar Yacoub, a partner at U.S.-based investment firm ABS Global, which manages nearly $8 billion in assets, told CNBC. “Everyone and anyone has been going to ‘kiss the rings,’ so to speak, in Riyadh.”

  • U.S. feared Iran could hit Saudi oil fields

    Israel's strikes, by hitting military targets rather than industrial facilities, have — for now — prevented a wider war. That has been a key goal of President Biden and Secretary of State Tony Blinken since the Oct. 7 terrorist attack on Israel.