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Recent stories from sustg

  • Unusual Video Footage Shows Saudi Arabia’s Grand Mosque Under Construction
     

    Amazing footage of the ongoing construction at Mecca’s Grand Mosque surfaced on Facebook, showing the large-scale reconstructive efforts at the holy site in Saudi Arabia. The video, shot from what looks like a crane, shows worshippers circling the Kaaba with construction efforts ongoing at the mataf expansion not far away. The amateur footage shows the […]

     
  • We’re here, can we come in? TASI and foreign investors
     

    The figurative lobby to the Tadawul All Shares Index (TASI), Saudi Arabia’s stock market, is filling up with eager investors.  Intrigued by the $387 billion Saudi stock market (three times the UAE bourses combined) and the $727 billion Saudi economy, many of them think… Brazil; whose fully accessible stock market’s capitalization exceeds $1 trillion. While […]

     
  • First of 84 new Boeing F-15SAs bound for Saudi Arabia Tested as U.S.-Saudi Military Relations Remain Active
     

    UPI.com reports that the first new Boeing F-15SA completed a successful test flight last month in the United States. The report quotes Lt. Gen. C. D. Moore II, the commander of the Air Force Life Cycle Management Center, who said, “The successful first flight of the F-15SA is a tremendous milestone for the program and […]

     
  • The Stunning Photos of Sultan Al-Ghamdi
     

    Elephant Rock, Devil’s Head Mountains, Desert Waves… These are some of the evocative names given to his Saudi landscape photos by Sultan Al-Ghamdi.  Qusay Fayoumi describes him as ‘talented and hardworking.’ Take a look for yourself at Sultan’s Flickr page by clicking here. Below are three of the featured photos, but be sure to check […]

     
  • The Saudi Economy 2013 and Investment Opportunities – CIT
     

    The Committee for International Trade is active in many countries promoting Saudi trade. In the United States it is a primary organizer of the US-Saudi Business Opportunities Forums that have been held in Chicago (2010) and Atlanta (2011).  The third in this series will be announced soon.  The Secretary General of CIT, Mr. Omar Bahlaiwa, […]

     
  • 2013 SACM Career Fair to Begin May 24 at the Gaylord Hotel, will host at least 8,000 Graduates
     

    SACM’s Career Fair will take place on May 24th, 2013 at the Gaylord National Harbor just outside of Washington, D.C., according to the Saudi Cultural Attache’s Office at the embassy in Washington. The joint graduation and career fair is an impressive event, in which graduating Saudi students descend on the U.S. capital to celebrate their […]

     
  • Incredible Photos from North Dakota’s Oil Boom
     

    For fans of high quality photographs, Alan Taylor’s In Focus blog hosted at TheAtlantic.com is worth following. Taylor regularly compiles stunning images on a wide range of subjects, and most recently had excellent posts on the conflict in Mali, the do-it-yourself weapons of Syrian rebels, one man’s journey to Iran, and many others. The blog’s latest collection […]

     
  • Cyberattacks are nation’s top security threat
     

    Yesterday, Director of National Intelligence, James Clapper, testified before the Senate Intelligence Committee’s annual hearing on worldwide threats.  Mr. Clapper prioritized the threat of cyber attacks above all other threats.  “Our statement this year leads with cyber, and it’s hard to overemphasize its significance,” said Clapper, reading a statement on behalf of himself, FBI Director […]

     
  • Al-Rabiah to Promote Saudi Auto Industry in U.S.
     

    The U.S.-Saudi Arabian Business Council (USSABC) issued a press release today to announce a new conference in Michigan to promote the Saudi auto industry. H.E. Tawfiq al Rabiah, the Saudi Minister of Commerce and Industry, is listed as a confirmed speaker of the event, which will “bring together senior Saudi Government officials, major Saudi industrialists, […]

     
  • Top 10 Salaries In Saudi Arabia
     

    The 2013 Gulf Business Salary Survey suggests it is good to be a CEO or managing director in Saudi Arabia; especially if you are a banking professional.  The Survey also examines trends with regard to Arab, Western and Asian professionals and the impact of Nitaqat on small and medium sized companies.

     

MUST-READS

  • Iran FM in Saudi for talks on Gaza, Lebanon

    Iranian Foreign Minister Abbas Araghchi travelled to Saudi Arabia on Wednesday for talks that were expected to cover efforts to end fighting between the Israeli military and Iran-backed groups in Gaza and Lebanon. "I hope that these consultations can lead to better conditions for Palestine and Lebanon and establish peace in the region," Araghchi told Iranian state television upon his arrival in Riyadh.

  • Analysis: Why has America failed to broker a Middle East ceasefire?

    Former Israeli prime minister Ehud Olmert says Biden’s diplomacy has amounted to an unprecedented level of support, pointing to the huge US military deployment, including aircraft carrier strike groups and a nuclear power submarine, he ordered in the wake of October 7. But he believes Biden has been unable to overcome the resistance of Netanyahu. “Every time he came close to it, Netanyahu somehow found a reason not to comply, so the main reason for the failure of this diplomacy was the consistent opposition of Netanyahu,” says Olmert.

  • Bahrain’s first bitcoin fund targets GCC investors

    The National Bank of Bahrain has launched its first bitcoin investment fund aimed at institutional investors in the Gulf Cooperation Council (GCC), which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE. Developed in partnership with ARP Digital, the fund allows investors to gain exposure to bitcoin while ensuring full protection against potential losses, albeit with a cap on possible gains.

  • GCC-New Zealand trade volumes reach $3.3bln

    The volume of trade between member states of the Gulf Cooperation Council (GCC) and New Zealand amounted to $3.3 billion in 2021, according to data from the GCC Secretariat. Exports from the GCC made up over 60 per cent of this figure, amounting to $2.1 billion, which represents a 70-per cent jump in exports of $1.3 billion during the previous year.

  • Wego reveals most popular winter travel destinations for GCC travelers

    With the end-of-year travel season fast approaching, residents and expats in the GCC are making plans for vacations or trips back home. According to Wego’s search data so far, Cairo is the most popular city for GCC travelers. Jeddah, Istanbul, Cochin, Bangkok, Lahore, London, Dubai, and Kuwait round out the top ten most-searched cities.

  • Commentary: Israel and Hamas Are Kidding Themselves

    Hamas is far from being destroyed; its fighters are popping up in areas across the Gaza Strip that months ago the Israeli military had declared pacified and abandoned. Israel is now playing whack-a-mole with militants who emerge for quick attacks before disappearing. When Israel strikes back, it usually leaves a pile of dead civilians behind. Hamas can likely keep this dynamic going for a decade or two—and in doing so, stake its claim to Palestinian leadership by waving the bloodied shirt of martyrdom and preaching the virtues of armed struggle against occupation.

  • Saudi Arabia executes Filipino convicted of murder despite Philippine presidential appeal

    A Philippine official with knowledge of the case, however, said the Filipino was arrested by Saudi Arabian authorities in 2020 after being accused of the killing. The death penalty was handed down with finality last year and the execution was carried out on Saturday, the official said. The Department of Foreign Affairs in Manila said the Philippine government provided legal help “and exhausted all possible remedies, including a presidential letter of appeal” to try to stop the execution, but that the victim’s family had refused to accept “blood money,” a financial settlement to secure forgiveness.

  • Saudi Arabia’s PIF cuts stake in Nintendo after report said it was considering increase

    Saudi Arabia’s Public Investment Fund (PIF) trimmed its holding in Nintendo Co., a day after reports that a senior executive at the kingdom’s mammoth sovereign wealth fund said it was considering upping its stake. The PIF reduced its stakehold in the Japanese video game giant to 7.54% from 8.58% previously, according to a Japanese regulatory filing on Tuesday. Nintendo has been grappling with a slowing console gaming market and an aging product by way of its flagship Switch hybrid console — its best-selling gear ever, which sold 143.4 million units worldwide. At seven years old, it’s lost some of its sheen, as gamers look to more advanced machines from the likes of Microsoft and Sony.

  • One Year After October 7: Assessments and Implications

    October 7, 2024 marks the one-year since the Hamas attack on Israel that killed some 1,200 people and precipitated the ongoing Israeli genocidal war on Gaza that thus far has killed almost 42,000 Palestinians and injured some 96,000 others. It is also a year since Hezbollah began what it called a war of support for Hamas, with the goal of alleviating the pressure on the group and on the Gaza Strip as a whole by attacking Israeli positions on the Lebanon-Israel border. Over the past twelve months, the Israeli war on Gaza has displaced almost the Strip’s entire population, with Israeli military operations repeatedly forcing Gazans to relocate from one locale and city to another.

  • Saudi Crown Prince ‘reassured everyone’ about King Salman’s health

    Saudi Arabia’s Crown Prince Mohammed bin Salman “reassured everyone about the health of the King” during a cabinet meeting on Tuesday, state media reported, after the royal court said on Sunday King Salman bin Abdulaziz would undergo medical tests for a lung inflammation. Earlier this year, King Salman visited King Faisal Specialist Hospital in Jeddah after completing a routine checkup. Citing a statement from the Royal Court, state-media report said at the time that the Saudi leader was admitted “to conduct routine examinations which will take several hours.”