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Recent stories from sustg
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Jadwa Investment May 2015 Chartbook: SAMA Reserves Fall on Government Spending, Consumer Data Healthy
- May 4,2015
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- SUSTG Team
Jadwa Investment’s recently released May 2015 Chartbook found a decline in Saudi Arabian government reserves for a 6th straight month and overall healthy consumer consumption data. In March, net government accounts with SAMA fell by a total of $9.5 billion (SR 35.7 billion), continuing a negative monthly change for the sixth consecutive month, the Riyadh-based investment […]
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Lockheed, Arabsat/KACST in Satellite Deal to Boost Media in Saudi Arabia and Middle East
- April 28,2015
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- SUSTG Team
Arabsat and King Abdulaziz City for Science and Technology (KACST) announced in a press release today contracts for Lockheed Martin to manufacture two A2100 communications satellites, in a bid to provide TV, internet, telephone and secure communications to customers in the Middle East. “The two satellites ordered by Arabsat will strengthen the Arabsat fleet to […]
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Why California Can Learn from Saudi Arabia’s Water Challenges
- April 23,2015
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- SUSTG Team
California has serious water challenges as Governor Jerry Brown issued a mandatory restriction on usage for the first time. Writing on revealnews.com in an excellent in-depth examination between the two countries, Nathan Halverson notes that Saudi Arabia’s challenges with water present lessons for the largest state in the U.S. Halverson dives into the history of […]
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Strategic Pivot in Yemen Campaign as Saudi Announces Halt in Airstrikes
- April 22,2015
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- SUSTG Team
Saudi Arabia has announced a phase shift in its 27-day long airstrike campaign on Houthi positions in Yemen “at the request of Yemen’s President Hadi, the official SPA, SUSRIS and other outlets are reporting. But not long after the announcement, reports indicate that the battle continues on in Yemen. Saudi airstrikes continued following a rebel […]
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Saudi Arabia’s Stock Market: Opening Up the Tadawul to Qualified Foreign Investment
- April 20,2015
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- SUSTG Team
Last week the Capital Markets Authority (CMA) confirmed that the Saudi Arabia will open up the region’s largest, diverse and most mature capital market, the Tadawul, to qualified foreign institutional investors (QFIs) by June 15th, 2015. With a market capitalization at $528bn, investors are queueing up and appear “ready to accept the political and financial risks as they […]
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Saudi Arabia’s Stock Market to Open to Foreign Investment June 15th
- April 16,2015
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- SUSTG Team
Saudi Arabia will open its stock market to wider foreign investment on June 15th, 2015, according to a breaking news story in Reuters. A report yesterday in Bloomberg found that Saudi Arabia’s Capital Market Authority had not provided clarity about how new rules permitting foreign investment in the Tadawul will square with existing rules preventing foreign access. “Final […]
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Saudi Arabia Overhauls Labor Laws, May Allow ‘Proven Businessmen’ to Visit Kingdom Without Sponsorship
- April 7,2015
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- SUSTG Team
Saudi Arabia’s Labor Minister Adel Al-Fakeih has introduced 38 amendments to the country’s labor legislation that includes more training for Saudi workers, longer fixed-term contracts, and greater inspection powers for ministry officials, according to reports. The announcement by Fakeih coincides with news that Saudi Arabia’s Shoura Council has urged a relaxation of visa restrictions on […]
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Saudi Arabia’s Brig. Gen. Ahmad Asseri Puts Daily Face on Saudi Strikes into Yemen
- April 6,2015
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- SUSTG Team
As Saudi Arabia’s airstrikes into Yemen extend into a third week, the government’s daily face of the campaign is Brig. Gen. Ahmad Asseri, who gives a daily press briefing featuring photos, videos and other images highlighting the Saudi strikes into Yemen. These photos and videos have been released and disseminated to Saudi media and are circulated […]
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Photos: Saudi Arabia’s Military Displays ‘Swagger’ as Yemen Conflict Heats Up
- April 1,2015
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- SUSTG Team
Saudi Arabia’s Press Agency (SPA) has featured a number of photos in recent weeks highlighting the advanced capability of the Kingdom’s armed forces, including stills and videos from airstrikes conducted in neighboring Yemen. The SPA and other Saudi media outlets have been touting Saudi Arabia’s military prowess as the conflict against Houthi rebels in Yemen […]
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Fears of an ‘All Out War’ Grow in Neighboring Yemen as Rival Factions Look to Iran and Saudi Arabia for Help
- March 24,2015
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- SUSTG Team
Tensions are escalating in Yemen as Iranian-backed Houthi militias and forces loyal to ousted President Abd-Rabbu Mansour Hadi, backed by Saudi Arabia, are “squaring off for battle after months of skirmishes,” Reuters reports. “With President Abd-Rabbu Mansour Hadi seeking a comeback from the port city of Aden while the Shi’ite Houthi movement controls the capital Sanaa, […]
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MUST-READS
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Art and CultureShara Fair 2017: A unique Saudi artistic approach
Spiritual paintings, artwork showcasing the Kingdom’s history and art pieces that were featured in old Hejazi homes were part of the annual Shara Art Fair being held at Gold Moore Mall in Jeddah.
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KACST and InnovationStrategic partnerships key to Saudi innovation drive
Saudi Arabia’s bid to make innovation a pillar of its development is gathering momentum, with several major collaborative ventures helping to drive growth across a broad range of knowledge-led industries, said Prince Turki bin Saud bin Mohammed Al-Saud, president of King Abdulaziz City for Science and Technology (KACST).
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GEGE-Saudi JV to start gas turbine production this year, exec says
General Electric's (GE +0.2%) joint venture to manufacture gas turbines in Saudi Arabia will start production by the end of this year, with the first turbine to be completed in 2018, according to the top executive of its state-backed Saudi partner.
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BoeingBusiness Agreements Strengthen Boeing, Saudi Arabia Partnership
Several defense and commercial agreements announced over the weekend will further strengthen Boeing’s partnership with Saudi Arabia, create or sustain thousands of jobs in both the United States and Saudi Arabia, and enhance national security in the region.
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Microsoft Middle EastMicrosoft’s Middle East chief: ‘Cloud, big data, IoT are only part of the story’
In the second of two interviews, Microsoft's new president for the Middle East and Africa sets out the company's strategy in the region.
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U.S. State DepartmentWorries mount about vacancies in Trump’s State Department
Concerns are growing about a short-staffed State Department dealing with a host of international crises.
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Entertainment in Saudi ArabiaTrump rolls by Toby Keith concert in a golf cart with Saudi King Salman
President Trump briefly paused to take in country pop star Toby Keith perform Saturday night in the Saudi capital with Saudi King Salman.
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Particle AcceleratorMiddle East particle accelerator opens in Jordan
The Middle East's first particle accelerator has officially been inaugurated in Allan, Jordan, in a ceremony attended by King Abdullah II and Irina Bokova, director-general of UNESCO.
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IntelligenceWill U.S. Intelligence Partners Trust Trump Anymore?
The real danger behind President Donald Trump’s decision to shared classified information with Russian officials isn’t that he did something illegal but that foreign partners will now be reluctant to share sensitive information, endangering the U.S. government’s ability to track security threats, former administration and intelligence officials told Foreign Policy.
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U.S.Saudi king touts Trump’s Islamic summit as “new partnership”
Saudi Arabia's King Salman on Monday touted an upcoming meeting between President Donald Trump and heads of state from across Muslim-majority nations as the start of a new relationship that will strengthen global security.
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