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Jadwa Investment Report Finds Inflation at 5-Year High
- February 24,2016
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- admin
In a recently released report by Jadwa Investment on inflation in the Saudi economy, the Riyadh-based firm found that inflation in Saudi Arabia had reached a new 5-year high as a result of recent energy price reforms that have increased domestic energy costs. “The inflationary impact of the recent hike to energy prices is […]
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Video: Manifa – The Planning Behind Saudi Arabia’s Complex Offshore Oil Field
- February 23,2016
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- SUSTG Team
Saudi Arabia’s Manifa offshore oil field is a huge development just off of Saudi Arabia’s northeast coast. The field exists in harmony with large underwater areas where wildlife and coral reefs are thriving, and is the size of Manhattan. A video by Saudi Aramco on the company’s YouTube channel highlights the project’s extensive scope and engineering. It is the […]
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Annual SIPRI Report: Saudi Arms Purchases Up 275% in Last 5-year Period as Kingdom Remains Largest U.S. Buyer
- February 22,2016
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- SUSTG Team
Saudi Arabia was the second largest arms importer in the world between 2011 and 2015, and the United States was the world’s largest exporter by far during the same period, according to a comprehensive annual report on arms transfers between states by the Stockholm International Peace Research Institute (SIPRI.) The United States exported 33% of […]
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In Letter to King Salman, Council of Saudi Chambers Chairman Al-Zamil Urges Payments to Construction Firms
- February 16,2016
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- SUSTG Team
Saudi businessman and Chairman of the powerful Council of Saudi Chambers of Commerce (CSC), Dr. Abdulrahman al-Zamil, has written a letter to Saudi Arabia’s King Salman requesting that he intervene to ensure that the government makes delayed payments to construction companies. Some construction firms have seen scheduled payments from the government delayed by over six […]
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How Long Does Saudi Arabia Have Until it Runs Out of Groundwater?
- February 12,2016
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- SUSTG Team
Water supply for the Saudi Arabia is among its foremost challenges. In 2013, SUSTG wrote about the obstacles facing water sustainability for Saudi Arabia. Some experts predicted full water depletion by 2050 if nothing is done. However, a new local study done by the King Faisal University finds that Saudi Arabia’s timetable for water is […]
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Will Saudi Arabia Remove the Requirement for a Local Partner in a Bid to Boost Foreign Investment?
- February 9,2016
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- SUSTG Team
Saudi Arabia, with low oil prices putting the pinch on virtually every corner of the Saudi economy, is pushing hard for foreign entities to invest in Saudi Arabia. This was a theme at the recently-held U.S.-Saudi CEO Summit in Riyadh, Saudi Arabia in January, as well as the Global Competitiveness Forum held in the Saudi […]
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FM Al-Jubeir Blasts Critics of Saudi Arabia’s Counter-Terrorism Efforts: ‘It is in our National Interest to Defeat Terrorism’
- February 4,2016
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- SUSTG Team
Saudi Arabia’s Foreign Minister Adel Al-Jubeir wrote his second op-ed in three weeks in a U.S. publication, this time blasting critics of Saudi Arabia’s counter-terrorism efforts. “Those who accuse Saudi Arabia of supporting violent extremism not only fail to acknowledge the kingdom’s leadership in combating terrorism around the world but also do not see that it is […]
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Saudi Competitiveness, Energy, Women in Focus at 9th Global Competitiveness Forum in Riyadh
- January 26,2016
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- SUSTG Team
The 9th Global Competitiveness Forum (GCF) in Riyadh entered its third and final day with a focus on energy, women in the workforce, and increasing Saudi Arabia’s competitiveness in the global economy. Annually, it is one of the largest business forums in the Kingdom and is well-attended by government, business, and academic leaders from Saudi […]
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Delivery Schedule, Costs Become Sticking Points in U.S.-Saudi Littoral Combat Ship Deal
- January 13,2016
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- SUSTG Team
Saudi Arabia is balking at the potential sale from the U.S. Navy of 4 Lockheed Martin Littoral Combat Ships (LCS) because of concerns about delivery schedules and costs, according to a report in Defense News. One source thought the time to deliver the first ship would be around seven years, which the Saudis reportedly think […]
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Fitch: 2016 Saudi Budget ‘Contains Significant Reforms and Follows Notable Expenditure Restraint’
- January 6,2016
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- SUSTG Team
In a recently released statement by Fitch Ratings, the agency said Saudi Arabia’s 2016 budget “contains significant reforms and follows notable expenditure restraint during the second half of 2015, but the fall in oil prices means that the deficit/GDP ratio will again be in double-digits.” The 2016 budget outlines measures to “rationalize expenditure, increase non-oil […]
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Driving Ban LiftedTo This Saudi Startup, Allowing Women To Drive Is A Game Changer
Unsurprisingly, Saudi Arabia has the largest gender imbalance in labor force participation among G20 countries. Only 1.9 million of its 13.1 million women participate in the workforce — a labor participation rate of 20.2% — compared with 77.8% for men, according to G20 Labor Market Report 2016.
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SMEsFour in 10 Startups in Saudi Arabia Are Owned by Women
“This proves that the role of women in economic development has improved,” said the Governor of the General Authority for Small and Medium Enterprises (SMEs) in Saudi Arabia, Ghassan Al-Sulaiman.
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Nuclear PowerSaudi Arabia seeks international partners to develop nuclear and atomic energy sector
The officials are said to have discussed the feasibility study of the Saudi project’s initial technical aspects, as well as front end engineering designs (FEED) for the construction of the project’s first two reactors.
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KACareSaudi KACARE eyes energy project with international partners
The President of King Abdullah City for Atomic and Renewable Energy (KACARE) Dr. Hashim Bin Abdullah Yamani has held here separate high-level meetings with representatives of Russian, US, Japanese and South Korean delegations to discuss carrying out the National Atomic Energy Project in the Kingdom, Saudi Press Agency (SPA) reported Thursday.
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U.S. State DepartmentState Department reform: Much ado about nothing?
Secretary Rex Tillerson provided a preview of the plan on September 13, and if the final product is consistent with what’s been released thus far, it will be neither the assault on the department that many feared nor the transformative vision mandated by the President.
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Chinese PeacekeepersChina in Africa: China’s vision of itself as the world’s peacekeeper starts in Africa
Over the last 15 years, China has ramped up its role in peacekeeping missions. Of the five permanent members of the UN Security Council, it is the biggest contributor of peacekeepers and is among the world’s top 12 largest contributors of the troops. Chinese president Xi Jinping has pledged to expand China’s contribution to 8,000, from less than 3,000 deployed now.
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EntrepreneurshipSaudi restaurant management start-up raises $4m
Saudi-based restaurant management system start-up, Foodics, raised $4 million during its Series A funding round.
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EntertainmentThe Fun Starts Now: Saudi Government Launches $3 Billion Investment Drive In Entertainment Sector
Last year it set up the General Authority for Entertainment, which is responsible for developing the entertainment sector. In February this year the country's first ever Comic-Con event was held in Jeddah. More recently, the government has said women would be welcome at the King Fahd stadium in Riyadh to attend national day celebrations – the first time this has happened.
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Culture and SocietyThe Saudi artists imagining Western pop icons in Bedouin style
Clad in Bedouin attire from head to toe, "Sheikh" William of Arabia is smiling, seemingly content with having swapped Kensington Palace for a humble tent and camels.
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Saudi-EgyptEgyptian, Saudi warplanes take part in joint war games
Warplanes from allies Egypt and Saudi Arabia have begun joint war games that are coinciding with separate drills between Egypt and both the United States and Russia.
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