“What we have learned this year is that everything is in our hands,” Ben Gvir said, before identifying what he considered the major legacy of militant group Hamas’s terrorist strike on southern Israel more than a year ago. “We are the owners of this land. Yes, we experienced a terrible catastrophe on October 7. But what we need to understand, one year later, is that so many Israelis have changed their thinking. They have changed their mindset. They understand that when Israel acts like the rightful owners of this land, this is what brings results.”
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Jadwa Chartbook June 2012: Trade
- June 7,2012
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- Lucien Zeigler
Riyadh-based Jadwa Investments recently released its June, 2012 Saudi ‘Chartbook’ which includes updates on the Saudi economy, trade, oil metrics as well as assessments of various sectors including banking. Below is a snapshot of Jadwa’s analysis of Saudi imports and exports and letters of credit.
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Jadwa Chartbook June 2012: Banking
- June 6,2012
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- Lucien Zeigler
Riyadh-based Jadwa Investments recently released its June, 2012 Saudi chartbook which includes updates on the Saudi economy, trade, oil metrics as well as assessments of various sectors including banking. Below is a snapshot of Jadwa’s banking sector analysis.
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Changing patterns in U.S. crude imports
- May 31,2012
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- SUSTG Team
U.S. crude oil import patterns have been undergoing significant shifts in recent months. While growing domestic tight oil production from the Bakken formation in North Dakota and elsewhere has helped displace imports from some countries, U.S. import volumes from the Canadian oil sands and Saudi Arabia have been on the rise. In total, U.S. crude […]
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At the SACM Career Fair in Washington, Saudi Arabia’s Brightest Are Met With Opportunities (PHOTOS)
- May 30,2012
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- Lucien Zeigler
Across the United States, around the end of the month of May every year, graduating students from high schools and universities join with families and friends to celebrate their achievements in
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Saudi female entrepreneurs exploit changing attitudes
- May 30,2012
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- Lucien Zeigler
In Saudi Arabia, a small but determined number of women are overcoming obstacles to build their own thriving businesses. Social constraints in the conservative Kingdom have not stopped women from amassing substantial individual wealth. An estimated $11.9 billion is held by women primarily in bonds and bank accounts, according to asset managers Al Masah Capital. […]
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Saudi construction sector ‘most buoyant globally’
- May 24,2012
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- SUSTG Team
Massive construction projects in the GCC, particularly around social and transport infrastructure, will offer tremendous opportunities valued at up to $500 billion for contractors, Deloitte Middle East’s annual report “GCC Powers of Construction: Five Lessons to Learn From” released Wednesday said. The Deloitte report showed that there is imminent growth in the Saudi Arabian construction […]
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Saudi Women Tackle Everest to Advance Breast Cancer Awareness
- May 19,2012
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- SUSTG Team
To the ten Saudi women attempting a punishing ascent to a major milestone on the world’s highest peak, the dangers of reaching the Mount Everest base camp are no match for their cause. As a part of an ever-growing effort in Saudi Arabia, the campaign, “A Woman’s Journey: Destination Mount Everest,” intends to raise awareness […]
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The Surprising $100 Billion Solar Investment
- May 16,2012
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- SUSTG Team
If you thought Germany and California were aggressively trying to add solar power to the grid, the oil state of Saudi Arabia is giving both of them a run for their money with recent plans to enter the solar market. The country is looking for investors in a $109 billion plan to build 41 GW […]
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Effat University on the Forefront of Change in Saudi Arabia
- May 16,2012
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- SUSTG Team
I was also impressed to see Effat graduating a quarter of its students from its College of Engineering, which it established in partnership with Duke University’s Pratt School of Engineering. When I first visited Effat seven years ago, it was still in the early stages of establishing engineering as a degree, a first for women […]
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Global Markets Drag on TASI
- May 15,2012
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- SUSTG Team
The TASI has dipped over the past month, primarily due to global factors. First quarter results of listed companies point to ongoing strength in the domestic economy, with profits 14.9 percent higher than in the first quarter of 2011. Nonetheless, the TASI is down by 10 percent since the end of March, mirroring falls on […]
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MUST-READS
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Women camel jockeys race in Saudi Arabia, breaking a social barrier
Welcome to the Crown Prince Camel Festival, an event that has been dubbed the Grand Prix of camel racing, where camels race some 250 laps for prizes worth US$13 million. This camel festival, held in honour of Saudi Arabia’s Crown Prince Mohammed bin Salman, is now in its sixth year and is on par with the richest horse races worldwide. It has come to be recognised as a serious international sport and a great tourist attraction in several Middle Eastern countries. This year, some 21,000 camels are taking part.
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Is Israel carrying out de facto ethnic cleansing?
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Saudi Prince’s Beach Party Looks to Show Neom Dream Is Real
An exclusive group of financiers, entertainers and influencers from around the world will this week descend upon Sindalah Island, the first project to open its doors at the planned city of Neom. The resort is now home to ultra-luxury hotels and unspoilt beaches, plus an 86-berth marina where the uber rich can dock their yachts and dive into the crystal clear waters of the Red Sea.
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Israeli strike kills Lebanese troops as France rallies support for army
An Israeli strike killed three Lebanese troops in south Lebanon on Thursday as France hosted a conference to rally support for Lebanese state forces which are seen as vital to any diplomatic resolution of the war between Israel and Hezbollah. The Lebanese soldiers were killed as they were evacuating wounded people on the outskirts of southern village of Yater, the Lebanese army said. They were killed at around 4:15 a.m. (0115 GMT), a security source said. There was no immediate comment on the strike from the Israeli military, which has previously said it is not operating against the Lebanese army.
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IMF Forecasts Steady Global Growth in 2025
India, China, Russia and the United States are forecast to see contractions in their economic output between 2024 and 2025. In Russia, this change is expected to be most pronounced, dropping 2.3 percentage points. Meanwhile, 2025 is forecast to be an improved year for growth in the United Kingdom, Japan and Germany. U.S. has had an upwards revision to a forecasted growth of 2.8 percent in 2024, from the previously estimated 2.6 percent. In 2025, growth is expected to slow to 2.2 percent in the U.S. as fiscal policy is gradually tightened and a cooling labor market slows consumption. This is still an improvement from the July forecast, which had estimated growth at 1.9 percent.
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Saudi Arabia to enforce USB Type-C charging ports for electronic devices from January 1
This decision introduced by the Communications, Space and Technology Commission (CST) and the Saudi Standards, Metrology and Quality Organization (SASO) aims to enhance the user experience in Saudi Arabia, reduce additional costs for consumers, and provide high-quality charging and data transfer technology while improving the quality of tech products.
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Saudi Arabia Megaproject Neom Says It Needs 20% of the World’s Steel
Manar Al Moneef, Neom's chief investment officer, spoke at the Global Logistics Forum in Riyadh on the weekend of October 13. According to the business news outlet Arabian Gulf Business Insight, she said, "Neom is going to be the largest customer [in logistics] over the next decade. If you look at our demand in logistics it's 5 percent of the global logistics market."
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Perspective: The New Battle for the Middle East
These two countries are historic rivals with irreconcilable goals. Vision 2030 appeals to national aspirations, whereas Vision 1979 taps into national grievances. Vision 2030 seeks a security alliance with the United States and normalization with Israel; Vision 1979 is premised on resisting the former and eradicating the latter. Vision 2030 is propelled by social liberalization; Vision 1979 is anchored in social repression.
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How EVs are changing the future of oil demand
Despite near-term challenges in some markets, the uptake of electric vehicles (EVs) globally remains strong. Last year, about 20% of new cars sold worldwide were electric – and that share is expected to continue to rise. Based on today’s policy settings by governments around the world, EVs’ market share is set to grow nearer to 50% by 2030 and beyond it soon after.
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Iran announces first joint military drills with Saudi Arabia in Red Sea
Iran has announced joint military drills with Saudi Arabia in the Red Sea, though the kingdom has yet to confirm. In a statement on Tuesday, the commander of Iran’s navy, Admiral Shahram Irani, said that they had been asked by Saudi Arabia to take part in the operations. “Saudi Arabia has asked that we organise joint exercises in the Red Sea,” he was quoted as saying by the Iranian news agency ISNA. “Coordination is underway and delegations from both countries will hold the necessary consultations on how to conduct the exercise." He did not give any details on a potential timescale.
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