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Saudi Arabia will see 1.2 million barrels per day of new refining capacity by 2020
- November 19,2014
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- SUSTG Team
According to a recently released research note by Jadwa Investment, Saudi Arabia will see an increase of 1.2 MBPD of new refining capacity by 2020 representing a “major investment in downstream sector.” Jadwa’s Head of Research, Dr. Fahad Alturki notes: “Saudi Arabia will see 1.2 million barrels per day (mbpd) of new refining capacity come […]
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#FocusKSA: Saudi Student Turned Entrepreneur Walid Abdulwahab On His Experiences Running a Successful Business in the U.S.
- November 18,2014
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- SUSTG Team
In the latest FocusKSA discussion, Saudi-US Trade Group President, Richard Wilson, spoke with Walid Abdulwahab, a recent graduate of the University of Southern California and Founder and CEO of Desert Farms, which produces, markets and sells camel milk and camel milk products to a growing list of U.S. retail outlets. Walid discusses his background, academic experience […]
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PHOTOS: Wild Weather Strikes Across Saudi Arabia as Rain, Floods Cause Damage and School Closings
- November 17,2014
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- SUSTG Team
The rain season began in several provinces of Saudi Arabia this past weekend with rain and floods reported in Mecca, Jeddah, and Hail provinces. Photos provided by the SPA show hail and rain storms caused flooding and damage in Taif and Mecca while Jeddah experienced thunderstorms. Director of Civil Defense in Taif Saleh Mansi Al-Harthi has […]
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SUSRIS: Saudi Oil Production “Crucial” to EIA 2015 Forecast
- November 14,2014
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- SUSTG Team
“Changes in the forecast of Saudi Arabian oil production are crucial to the revised outlook and a major source of uncertainty in the year ahead. Saudi Arabia has indicated interest in preserving market share rather than unilaterally carrying the burden of cutting production to balance the global oil market. In addition to numerous statements by […]
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#SaudiTBT: King Faisal Bin Abdulaziz al-Saud on the Tarmac of Le Bourget Airport in Paris, 1939
- November 13,2014
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- Richard Wilson
Returning in March 1939 from the London Conference (St. James Palace Conference) which attempted to negotiate an agreement between Jews and Arabs in Palestine, Faisal Bin Abdulaziz Al-Saud stands on the tarmac of Le Bourget Airport in Paris, France with members of his delegation. Among other issues, the London Conference was unable to resolve the matter of […]
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Iraq’s President in Saudi Arabia Latest Evidence of Improved Relations
- November 12,2014
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- SUSTG Team
Iraq’s President Fuad Masum visited Saudi Arabia’s King Abdullah in Riyadh last night, the latest evidence of a thaw in diplomatic relations between the two countries. “The Iraqi president expressed his happiness to visit the kingdom and meet with his brother the king,” according to the SPA. The meeting was the highest level meeting of officials between […]
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Trading Begins Tomorrow on NCB’s ‘Steeply’ Discounted IPO as the Government Eyes Financial Sector Reforms
- November 11,2014
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- Lucien Zeigler
Trading is set to begin tomorrow on steeply discounted shares of Saudi Arabia’s National Commercial Bank as Saudi Arabia’s capital market regulator will introduce rules for credit rating agencies next September, according to reports. Matthew Martin and Sarmad Khan of Bloomberg quote Asim Bukhtiar, a vice president and head of research at Riyad Capital, as saying […]
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Jadwa Investment’s November 2014 Saudi Chartbook finds Bank Lending to Private Sector Year-on-Year Highs
- November 11,2014
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- SUSTG Team
Jadwa’s November 2014 Chartbook shows bank lending to the private sector recorded its highest year-on-year growth at 13.2 percent and noted that economic data was positive for September. “Bank lending to the private sector recorded its highest year-on-year growth at 13.2 percent, the highest since November 2013,” Jadwa Investment said, noting that generally “economic data was […]
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AP Reports Women May Be Moving Closer to Driving Rights, But Report Immediately Denied
- November 9,2014
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- SUSTG Team
The Associated Press reported this weekend that an unnamed Saudi Shoura member confirmed its body had “recommended that the government lift its ban on female drivers,” a report that a government official quickly denied after it surfaced. As the AP reports, “The council member said the Shura Council made the recommendations in a secret, closed session […]
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Saudi Officials Visit Wounded from Al-Ahsa Terror Strike as Security Agencies Expand Activities
- November 7,2014
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- SUSTG Team
The clampdown on extremism broadened on Friday as Saudi Arabia’s security forces have arrested another 8 people in Monday’s terrorist attack in a Shiite village in Saudi Arabia’s Eastern Province, according to media reports, including two police officers. The raids were conducted simultaneously across the country, including in Riyadh, Qassim and the Eastern Province, Arab News reported […]
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MUST-READS
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Houthis threaten Saudi Arabia’s oil installations for ‘supporting US aggression’
Yemen's Houthi rebels have threatened to target Saudi Arabia's oil installations should the country allow a US-led coalition to use its airspace to counter the group's attacks, a Houthi spokesperson said in an interview with al-Masirah TV on March 25.
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Lucid stock rises as luxury EV maker raises $1 billion from Saudi sovereign wealth fund affiliate
Ayar Third Investment Company, a PIF affiliate, will buy $1 billion in convertible preferred stock and will be able to convert the preferred stock into about 280 million shares, according to a regulatory filing with the U.S. securities regulator. The California-based company, which has been facing weaker-than-expected demand, said it intends to use the proceeds for corporate purposes and capital expenditure among other things.
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Saudi Arabia’s Revealed Comparative Advantage in Non-Oil Exports
The revealed comparative advantage (RCA) is based on Ricardian trade theory, which postulates that trade flows between countries are determined by their relative productivity differences. The RCA index provides a general indication and a first approximation of a country’s competitive strength in exports. This study examines Saudi Arabia’s global and regional export competitiveness for selected nonoil export products from 2010 to 2020 via/ RCA indices.
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Saudi Arabia’s Rising Scientific Talents Honored with KAUST’s 2024 Ibn Rushd Fellowship
King Abdullah University of Science and Technology (KAUST) takes great pride in announcing its distinguished 2024 cohort of Ibn Rushd Fellows: Abrar Aljahani, Abdulrahman Aljurbua, Ahmed Alahmed, and Yara Alshwairikh. These early-career researchers have been chosen for their remarkable scientific achievements and research proposals that resonate with the Kingdom's research and innovation goals. KAUST will provide each recipient with a generous stipend to pursue their cutting-edge postdoctoral research overseas, with the opportunity for annual renewal for up to three years.
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Students in Saudi Arabia to begin long Eid al-Fitr holiday this week
Ramadan, the holiest month in Islam, started on March 11. This means that that students will begin their time off for Eid during the last few days of the holy month. The long vacation will end as classes resume on Monday, April 15, the calendar shows. During Ramadan, Muslims around the world observe the month by fasting from dawn till sunset, during which they refrain from eating and drinking. Work and school hours are usually reduced during Ramadan.
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Everything you need to know about becoming an international teacher in Saudi Arabia
Living and working in Saudi Arabia offers international teachers to experience a vibrant culture while meaningfully contributing to the nation’s educational landscape. Competitive salaries and often generous benefits, including accommodation and health insurance, provide a strong financial foundation, while a thriving expatriate community, and numerous cultural events and festivals make Saudi Arabia a welcoming destination. In this blog, we’ll cover everything you need to know about becoming an international teacher in Saudi Arabia, including visa requirements, cost of living, healthcare, cultural expectations and norms, and expat communities.
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Students in Saudi Arabia to begin long Eid al-Fitr holiday this week
By the end of this week students in Saudi Arabia will begin a long holiday to mark Eid al-Fitr. According to the education ministry’s academic calendar, the Eid al-Fitr vacation will start by the end of classes on Thursday, March 28.
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Almosafer’s CEO on Navigating the Future of Saudi Tourism
Behind every successful travel destination is a story of adaptation and foresight. For Saudi Arabia, it’s about embracing change and rewriting the narrative. With the country hitting its tourism target of 100 million visitors seven years early, the sector is poised for unprecedented innovation and growth. Travel companies in the region now face the challenge of recalibrating to keep pace with emerging trends and new market realities. SkiftX spoke with Muzzammil Ahussain, CEO of Almosafer, to gain insights into the evolving dynamics shaping the future of Saudi Arabia’s tourism landscape and the key forces and opportunities propelling the sector forward.
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King Fahad International stadium in Riyadh is being rebuilt
King Fahad International stadium in Riyadh is being rebuilt.
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Ten years from home World Cup, Saudi sizes up ‘huge challenge’
To host the 48-team World Cup, the country needs 14 all-seater stadiums capable of holding at least 40,000 people, according to the bid document. It currently has two: Jeddah's King Abdullah Sports City Stadium and Riyadh's venerable King Fahd International Stadium, which is undergoing a major refit. Saudi Arabia has a well-established and popular football league but among its 30-plus stadiums, many are old, small and have pitches surrounded by athletics tracks, a design that has long gone out of vogue.
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