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Recent stories from sustg

  • Seasonality and the Saudi Stock Market
     

    A recently released note by Jadwa Investment discusses the effect that seasonal trends have on the Saudi economy, noting that while all economies have seasonal trends, “for Saudi Arabia these trends are more pronounced than for most other global economies…The slowdown in activity in the third quarter due to the long hot summer is a key driver […]

     
  • Saudi construction sector to gather steam in H2 2012
     

    The Saudi construction sector will further gather steam in the second half of 2012, the National Commercial Bank “Construction Contracts Index” for the second quarter of this year released Saturday indicated. NCB Construction Contracts Index reached 309.12 points by the end of the second quarter of 2012, with the total value of awarded contracts reaching […]

     
  • Saudi Athletes in London
     

    London 2012 was historic for both Saudi Arabia and the Olympic games. Saudi Arabia sent its first female athletes ever to the Olympics, completing a strong talking point for the games’ organizers: London 2012 was the first time every country competing in the Olympics sent at least one woman. Sarah Attar (800m) and Wojdan Shahrkhani (Judo) […]

     
  • Saudi success in show jumping underscores shift in equestrian order, helps its Olympic future
     

    Saudi Arabia appeared on the equestrian show jumping map in at the Sydney Games in 2000 when Khaled Al Eid won an individual bronze. He qualified for London but had to withdraw in July after his horse, Presley Boy, developed laminitis, a painful inflammation of the hoof. Some had considered the Sydney medal a blip, […]

     
  • Many in GCC Prefer to Get Medical Treatment Abroad
     

    While Gallup surveys show that most GCC residents are satisfied with the availability of quality healthcare in their area, outbound medical care remains an expensive problem for Gulf governments, with the UAE alone spending $2 billion per year to send its residents abroad for treatments. Patients may choose to travel abroad because of poor quality […]

     
  • The Secret History of America’s Thirty-Year Conflict with Iran
     

    A new book on the long confrontation between the US and Iran blames the George W. Bush administration for squandering opportunities to improve relations with Tehran and invading Iraq in 2003 without recognizing that Iran would wind up being the power broker in that country. These criticisms are remarkable given their source: David Crist, author […]

     
  • Graph of the Day – Saudi Oil Production Since 2008
     

    Jadwa Investment’s recently released Chartbook for the month of August 2012 found that  the Saudi Arabian economy overall remained “robust.” Included in that report is a look at the oil sector in Saudi Arabia. Oil prices “climbed in July because of renewed political tensions with Iran and rising global stock markets,” Jadwa noted.

     
  • Saudi students to establish Islamic center at Murray State University
     

    Saudi students at Murray State University in Kentucky have received a license to establish an Islamic center where they can organize cultural and social programs along with observing religious rites. Saudi students had been performing their prayers and Iftar in a rented building in which other Arab and Muslim students participated. The city’s mayor and […]

     
  • Jadwa Saudi Chartbook: Inflation at 10 Month Low
     

    Jadwa Investment’s recently released Saudi Charbook for the month of August 2012 found that the Saudi economy remained “robust.” On the subject of inflation in Saudi Arabia, Jadwa found “year-on-year inflation slowed to a 10-month low in June, owing to a fall in rental inflation. Most other components of the cost of living index were little changed […]

     
  • Obama authorizes secret U.S. support for Syrian rebels
     

    President Barack Obama has signed a secret order authorizing U.S. support for rebels seeking to depose Syrian President Bashar al-Assad and his government, U.S. sources familiar with the matter said. Obama’s order, approved earlier this year and known as an intelligence “finding,” broadly permits the CIA and other U.S. agencies to provide support that could […]

     

MUST-READS

  • Architecture in the First Saudi State

    Architecture in the First Saudi State is the architectural designs in the provinces of the First Saudi State, founded by Imam Mohammed Bin Saud in 1727, with ad-Dir'iyyah as its capital, preserved a unique character. This architectural style reflects the societal bonds of the Saudi State. The architecture of that period was characterized by its durability and distinctive external lines, utilizing materials such as mud, adobe, stones, wood, tamarisk, and palm trunks in houses, as well as beams of forts and castles.

  • Saudi Arabia updates regulations for temporary work visas for Hajj and Umrah services

    These changes, approved by the Saudi Cabinet in its session on Tuesday, will aim to provide more flexibility for the private sector, allowing businesses to better align visa needs with labor market demands and contribute to creating a more attractive work environment, SPA added. One of the updates is the renaming of the seasonal work visa to the “temporary work visa for Hajj and Umrah services,” and extending the grace period for these visas from Shaban 15 until the end of Muharram (around Feb. 14 to July 25).

  • Palestinian Life in the West Bank, East Jerusalem After Oct. 7

    For the past decade, Palestinians living in the West Bank and East Jerusalem have rated their lives between 5.0 and 5.5 out of 10. In 2023, in the weeks before Oct. 7, they rated their lives at a 5.5, which is as positive as they have been since Gallup began measuring life evaluations there in 2006. Today, almost a year later, Palestinians’ evaluations of their current lives have dropped by nearly 1 point to 4.6, the lowest average in almost two decades.

  • 517 int’l companies licensed to open regional HQs in Saudi Arabia

    As many as 517 international companies were so far granted licenses to open their regional headquarters (HQs) in Saudi Arabia, Ministry of Investment said in its 2025 pre-budget statement. This came thanks to the efforts made under the National Investment Strategy (NIS), the minister noted. This surpassed the target to have regional HQs of 500 international companies by 2030, it further stated.

  • First Look At Neom-Shot 1990s-Set Saudi Bedouin Drama ‘Hobal’

    Saudi director Abdulaziz Alshlahei’s upcoming feature Hobal, about a Bedouin family living in isolation in the desert because its patriarch believes the end of the world is near, has unveiled first look images. The drama is Alshlahei’s third feature and collaboration with writer Mufarrij Almajfel after Zero Distance and The Tambour of Retribution which was Saudi Arabia’s Best International Feature Film Entry for the 94th Academy Awards in 2021.

  • Saudi Arabia’s FM calls on world to publicly support Palestinian statehood

    The Global Alliance for the Implementation of the two-state solution was unveiled during Prince Faisal bin Farhan’s speech at a meeting on the sidelines of last week’s UN General Assembly in New York that included the Arab League, the Organization of Islamic Cooperation (OIC) and Norway. “Self-determination is an inalienable right that the Palestinian people not only deserve but are entitled to. Our diplomats have worked tirelessly alongside others to secure recognition of Palestine as a sovereign state globally,” Prince Faisal wrote in the op-ed.

  • Saudi poultry producer gets nod to sell 30% stake in IPO

    Arabian Company for Agricultural and Industrial Investment (Entaj), a Riyadh-based poultry producer, has received the green light from the Saudi market regulator to list shares on the main market (Tasi). The company will float 9 million shares through an initial public offering (IPO), representing 30 percent of the total issued share capital.

  • PGA Tour commissioner and Saudi fund governor paired at pro-am event in Scotland

    Three weeks after PGA Tour commissioner Jay Monahan met with Saudi Arabia’s financial backer of LIV Golf, they will be together again this week in Scotland, this time inside the ropes. Monahan and Yasir Al-Rumayyan, the governor of the Public Investment Fund that supports the PGA Tour’s rival league, are playing together in the Dunhill Links Championship on the European tour. The tournament starts Thursday.

  • Mapping Israel’s Invasion of Lebanon

    Israel and Hezbollah were fighting at close range in southern Lebanon on Wednesday in at least two areas near the border, according to reports from the Israeli military, Hezbollah and Lebanon’s army.

  • As Crisis Builds, Lebanon’s Government Is Nowhere to Be Found

    Hezbollah, the Iran-funded Shiite Muslim militia that doubles as a major political party and social services organization, does not run Lebanon in any official sense. But under Mr. Nasrallah, it sometimes seemed as if it was the only force that mattered: a state within a state with its own military, schools, hospitals and youth programs.

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