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Recent stories from sustg
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The Reliable Supplier: Saudi Economy Expert Explains Why the Shale Boom in the United States is Actually a Good Thing for Riyadh
- January 24,2014
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- Lucien Zeigler
In a recent article for Foreign Affairs magazine, Saudi economy expert and investment banker Dr. John Sfakianakis writes that while it may be easy to think that the shale boom in the United States is threatening to the world’s largest oil producer in Saudi Arabia, there are several reasons that more production from the United […]
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This Cool Timelapse Video of Saudi Arabia’s Capital, Riyadh Shows an Amazing Sunset (and Terrible Traffic) [VIDEO]
- January 23,2014
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- Lucien Zeigler
Riyadh, Saudi Arabia’s capital city, is a rapidly growing metropolis – one that has benefitted greatly from soaring governmental spending on infrastructure and development. While in Riyadh last month, SUSTG created an HD time lapse video from the roof of the Council of Saudi Chambers building, looking down King Fahd road toward Riyadh’s iconic Kingdom […]
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Saudi Arabia in 2013: 25 Events That Changed the Kingdom
- December 31,2013
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- Lucien Zeigler
2013 was an eventful year for Saudi Arabia – an oasis of relative calm in an otherwise stormy Middle East region. The year saw a more assertive Saudi foreign policy, incremental advances in women’s rights, and the enforcement of controversial government policies aimed at putting Saudis back to work. It was also a year of […]
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Several Prominent Saudi Voices Continue to Express Discontent with Western Policies toward Iran, Syria
- December 18,2013
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- Lucien Zeigler
In a hard-hitting New York Times op-ed, Saudi Arabia’s Ambassador to the United Kingdom Prince Mohammed Bin Nawaf Bin Abdulaziz Al Saud wrote that while the Western-Saudi relationship friendship has lasted for decades, Saudi Arabia will pursue its own interests in the Middle East, even if they diverge from those of the Western powers.
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Walid Abukhaled to Head Northrop Grumman KSA
- December 16,2013
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- Lucien Zeigler
Deputy Minister for Industrial Affairs at the Saudi Ministry of Commerce & Industry, Walid Abukhaled, has been selected by Northrop Grumman to head its Saudi Arabia operations, the company said in a press release today. H.E. Mr. Abukhaled, who spoke in September at the 2013 U.S.-Saudi Business Opportunities Forum in Los Angeles, California, was former […]
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UPDATE: Saudi Arabia Declines Seat on the U.N. Security Council for Two Year Term
- October 17,2013
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- Lucien Zeigler
Saudi Arabia has been elected to the United Nations Security Council as a non permanent member, a seat the Kingdom will hold for two years. However, a Foreign Ministry statement said that it would decline to take the seat. Reuters reports that a “decision of such magnitude would have to have been taken by King Abdullah […]
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Mecca has five times more hotel rooms than any other Saudi city
- April 2,2014
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- Lucien Zeigler
Saudi Arabia’s holy city of Mecca has more than five times as many hotels as any other city in Saudi Arabia, according to a lengthy report on the Saudi tourism sector in Arab News. That report highlights the growth in the hotel industry – put at 172 percent in the last decade – especially to tourist destinations […]
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Are U.S. Companies Missing Out on a Saudi Nuclear Bonanza?
- April 25,2013
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- Lucien Zeigler
The recently-completed Saudi Sustainable Energy Symposium at the Ritz Carlton Riyadh brought high-level officials and companies together to discuss “a common understanding between all stakeholders” concerning the development of the Kingdom of Saudi Arabia’s sustainable energy program, of which nuclear energy is a big part. The event was hosted by the King Abdullah Center for […]
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These Amazing Instagrams Show How Much Saudi Arabia’s Capital Riyadh Has Grown in the Last Decade
- October 30,2013
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- Lucien Zeigler
Saudi Arabia’s capital, Riyadh, has undergone dramatic growth and modernization during the last decade – an extraordinary period of economic expansion and population growth. Riyadh’s population now exceeds 5 million with its metropolitan area claiming close to 7 million people.
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Saudi Flood Toll: 11 killed, 4 still missing
- November 21,2013
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- SUSTG Team
Floods that have ravaged Saudi Arabia from its capital, Riyadh, to regions in the Kingdom’s Eastern Province have claimed 11 lives, with four individuals unaccounted for, according to official figures released by Saudi Arabia’s state-run news agency. The SPA reports that out of those killed, seven were in Riyadh Region, two in the city of […]
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MUST-READS
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Saudi EconomySaudi bond success partly eases fears over cheap oil era
The cost of insuring Saudi Arabia's debt against default fell to its lowest this year and Saudi bank shares jumped on Thursday in a sign that a mammoth $17.5 billion bond issue has partly eased doubts about the kingdom's ability to cope with cheap oil.
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Saudi Electricity CompanySaudi Electricity Posts Best Quarterly Profit in Over a Decade
Third-quarter net income surged to 4.4 billion riyals ($1.2 billion) from 2.92 billion riyals in the year-earlier period, the company said in a statement to the Saudi stock market. The jump was due to an “increase in operating income’’ and “improved efficiency despite higher fuel prices,’’ it said.
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EconomySaudi Arabia Starts Contractor Repayments After Long Delays
Saudi Arabia is repaying debts to contractors after long delays that squeezed company finances and hurt investor sentiment. Stocks gained.
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Saudi Artists TourSaudi Arabian artists confront Islamophobia on US road trip – video
As anti-Muslim feeling in the US is stoked by Donald Trump, a group of young Saudi Arabian artists travel from Texas to California, exhibiting their work and confronting their audience’s fears, prejudices and stereotypes. They explain what it means to be an artist in Saudi Arabia
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War in YemenYemen conflict: Truce to start on Thursday, says UN envoy
A 72-hour truce in conflict-ravaged Yemen is set to begin on Thursday, the UN special envoy has announced.
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U.S.-Saudi CommerceU.S. Official: Saudi Arabia Biggest Commercial Partner in Middle East
Arun Kumar, U.S. Assistant Secretary of Commerce, told Asharq al-Awsat that “Saudi Arabia is the biggest commercial partner of the U.S. in the Middle East,” describing the relations between the two countries as solid.
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Art and Culture‘We have a voice’ — artist confronts Saudi Arabia’s male guardianship laws
In 2012, an artist and activist who goes by Ms. Saffaa was finishing an honors degree at the University of Sydney when she was told by the Saudi Arabian government, which sponsored her, that she needed to live with a male guardian to supervise her. She was in her early 30s and hearing that was, in her words, “humiliating.”
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Islamic Revolutionary Guard CorpsIranian commander breaks silence on wartime arms imports
Rafiqdoost spoke about the deep collaboration between Iran and the Eastern Bloc countries during the Iran-Iraq War
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Saudi International BondSaudi Arabia to Start Debut Bond Investor Meetings Oct. 12
The kingdom will conduct meetings in London, Los Angeles, Boston and New York from Oct. 12, two people said, asking not to be identified because the information isn’t yet public.
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Saudi Stock MarketSaudi Banking Stocks Cheaper Than Ever as Pressure Mounts: Chart
Saudi banking stocks have never been this cheap. The price-to-book ratio for a stock index comprised of 12 lenders sank to 1.016 on Sunday, the lowest level since Bloomberg started tracking the data in 2006, with nine of its members trading below their asset value.
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