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Recent stories from sustg
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U.S. Delegation Led by Senator John McCain Visits Saudi Arabia to Discuss Military Cooperation Efforts Against Daesh, Training of Moderate Rebels
- January 19,2015
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- SUSTG Team
U.S. Senate Republican John McCain and a delegation of Senate Armed Services Committee members visited Saudi Arabia on Saturday as part of a broad tour of the region to discuss American-Saudi joint efforts to back moderate Syrian rebels in that country’s 4-year old civil war. According to the Guardian, McCain and the Senate Armed Services […]
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Solar Power in MENA to See Six-Fold Growth in 2015
- January 16,2015
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- Lucien Zeigler
The MENA region will see solar projects worth $2.7 billion unveiled in 2015, 6 times as much as 2014, according to Arabian Business, which cited a new study by the Middle East Solar Industry Association (MESIA). 1,800MW worth of solar projects will be tendered or awarded during the next 12 months, compared with less than 300MW […]
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‘No Shortage of Funds’ for Saudi Arabia’s Troubled Housing Market as Minister Eyes Taxes on Undeveloped Lands
- January 14,2015
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- SUSTG Team
A longstanding issue for the Kingdom of Saudi Arabia has been the drag on the housing market caused by privately-owned property in urban locales that remains unused with no plans for development. Without taxation of this land, and low prices that owners might receive on the market, there is little incentive to sell it. However, […]
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Jadwa Investment: ‘The economy will continue performing strongly in 2015, albeit at a slower pace’
- January 11,2015
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- SUSTG Team
Jadwa Investment’s just-released report on the Saudi economy in 2015 expects growth at a “slower pace” than previous years and “a narrowing current account surplus and a larger than-budgeted fiscal deficit.” The report, which examines the potential of various sectors within the Saudi economy and the impact of oil prices on growth in 2015, projects economic growth […]
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The ‘Monumental’ Opening of the Saudi Stock Market in 2015 to Wider Foreign Investment
- January 7,2015
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- SUSTG Team
As Saudi Arabia prepares to open its stock market to wider foreign investment possible as soon as April 2015, there is tremendous enthusiasm on the part of foreign investors as wells as anticipation within the Kingdom. In a recent FocusKSA discussion with Dr. John Sfakianakis, SUSTG’s President Richard Wilson asked about the importance of the […]
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For Saudi Arabia’s Budget, Oil’s True Breakeven Price Disputed by Analysts
- December 31,2014
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- Lucien Zeigler
One of the most important figures that factors into Saudi Arabia’s budget each year isn’t actually published by the government. What the Kingdom annually assumes will be the average price of oil is crucial for government and fiscal planning. With the Kingdom’s economic diversification goals still yet to be realized, oil revenues are (almost) everything […]
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In Wide-Ranging Interview with Local Paper, Alwaleed bin Talal Discusses Path to Success
- December 30,2014
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- SUSTG Team
Saudi Arabia’s Prince Alwaleed bin Talal gave his first interview with a local Saudi paper in eight years, according to the Saudi Gazette, and the billionaire discussed his path to business successes, how he spends his time, and national/regional issues of concern. The in-depth interview was revealing of the Prince’s day-to-day business and personal activities. When […]
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IT Spending in Saudi Arabia to Grow $2.7 billion by 2017, Study Finds
- December 24,2014
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- SUSTG Team
A recently released study by Oxford Economics and SAP finds that employers in Saudi Arabia “will need to tailor their approach to talent management for catering to the fast-changing technology landscape,” the Saudi Gazette reports. The report also finds that “IT spending in the Kingdom is increasing at the fastest rate of any country in the Middle East […]
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Saudi Arabia Hails ‘Thaw’ Between Egypt and Qatar as Sisi Meets Top Qatari Envoy in Cairo
- December 22,2014
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- SUSTG Team
Egypt’s President Abdel Fattah Al-Sisi met with a top Qatari envoy, Sheikh Mohammad bin Abdel Rahman al-Thani, in Cairo Saturday in what has been reported to be a significant rapprochement between the two countries. Also in attendance was Khalid al-Tuwaijri, head of the Saudi Royal Court and the powerful private secretary to Saudi Arabia’s King Abdullah. […]
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2015 SACM Graduation Ceremony and Career Fair Dates Announced, Venue Confirmed
- December 19,2014
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- SUSTG Team
The 2015 Saudi Arabian Cultural Mission’s (SACM) Graduation Ceremony and Career Fair dates are set for Friday, May 22, 2015, to Monday, May 25, 2015 at the Gaylord Hotel National Harbor just outside of Washington, D.C. The 7th annual SACM event has two main components, a career fair connecting graduating students with job opportunities from […]
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MUST-READS
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Cars on RocksTahjir: Mounting cars on stones becomes art in Saudi
The art which is fast catching on and becoming more popular among young men in the country involves setting hundreds of stone bricks beneath the car to raise it up.
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Donald Trump PresidencyKushner Iraq trip part of wider Pentagon outreach to Trump
Defense Secretary Jim Mattis has been cultivating a close relationship with his boss, inviting senior aides to meetings and spending time at the White House meeting with the commander in chief.
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FamineDaily chart: Impending famines in Africa and Yemen have political causes
Millions of people are at risk of starvation in Nigeria, South Sudan, Somalia and Yemen
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U.S.-Saudi RelationsUS State Department issues travel warning for Saudi Arabia
The U.S. State Department issued a travel warning on Wednesday, cautioning all Americans visiting Saudi Arabia.
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Earth HourEarth Hour: Saudi Arabia goes dark to shine light on climate change
Cities across Saudi Arabia marked Earth Hour on Saturday by asking households and businesses to turn off their non-essential lights for an hour, as part of the world’s largest event dedicated to the environment.
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Saudi Stock MarketSaudi bourse to start new settlement period, short-selling on April 23
Saudi Arabia's stock exchange said it would extend the period for settling trades and introduce short-selling on April 23, reforms that may help the market join international equity indexes, attracting billions of dollars of fresh investment.
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Earth HourEarth Hour at Malls in the Middle East and North Africa
Last year, the always-twinkling Burj Khalifa switched off its mesmerizing LED facade and in 2017 the world will go dark for an hour again. This time Majid Al Futtaim, the company behind many of the malls across the region, have pledged to dim their lights to acknowledge Earth Hour and what we can all do to play our part in helping save the environment.
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Saudi-EgyptA New Start For Egypt And Saudi Arabia’s Weathered Relationship
The current situation, perceived by some as a thaw in the relation between Egypt’s president Sisi and foremost Saudi Deputy Crown Prince Mohammed bin Salman, is still unclear.
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Drone PolicyUncertainty at State Department holding up new agreement on armed drones
In the waning days of the Obama administration, the U.S. State Department teamed with over 40 nations to issue a joint declaration on the use and export of armed drones. But with the election of Donald Trump, movement on the agreement has slowed to a crawl, with signatories onto a joint declaration agreeing to postpone a key meeting until the summer in order to give the Americans time to sort out how – or if – the new administration wants to proceed.
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Syrian StartupsFour Syrian Startups Determined To Make It Big
Being an entrepreneur in Syria is certainly not an enviable position, with more than three million of the country’s youth and children being forced outside of school, and an enrolment rate of only 38%.
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