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Recent stories from sustg

  • Baseball and Saudi Economic Policy
     

    Dr. Muhammad Al-Jasser, Minister of Economy and Planning, recently spoke to the Young Businessmen’s Committee of the Riyadh Chamber of Commerce and Industry. Though the setting would appear innocuous, Dr. Al-Jasser’s remarks were not. The theme was the Future Vision of the Saudi Economy and they are worth reading in full.

     
  • Opening the TASI: What You Need to Know
     

    Saudi Arabia, the world’s largest oil exporter and the Middle East’s biggest economy, is about to complete a gradual process to open its stock market, known as the Tadawul or TASI, directly to international investors for the first time.  The initial step toward this action was to give other GCC countries the right to invest […]

     
  • Seven years of prosperity and development
     

    Saudi Arabia will mark the seventh anniversary of Custodian of the Two Holy Mosques King Abdullah’s accession to the Saudi throne on May 17 with a variety of programs highlighting the remarkable progress achieved by the Kingdom in education, health, industry, agriculture and other sectors under his wise leadership. King Abdullah’s announcement at the Shoura […]

     
  • Saudi Perspective on the Middle East: Obaid
     

    In this SUSRIS exclusive presentation, the “Saudi Perspective on the Middle East: The View from Riyadh” assessment provides: the background and context for Saudi diplomacy — assets and characteristics; economic and energy data; sources of regional instability; the “New Gulf Union”; profile of Gulf defense configurations; the Kingdom’s role in regional stabilization and its political and […]

     
  • Jadwa: Inflation Report, April 2012
     

    Year-on-year inflation dipped to 5.3 percent in April from 5.4 percent in March. Lower food price inflation was the main reason for the decline. Rental inflation picked up.

     
  • Not a Drop to Drink: The Global Water Crisis
     

    In the next twenty years, global demand for fresh water will vastly outstrip reliable supply in many parts of the world. Thanks to population growth and agricultural intensification, humanity is drawing more heavily than ever on shared river basins and underground aquifers. Meanwhile, global warming is projected to exacerbate shortages in already water-stressed regions, even […]

     
  • Petchem projects lead Saudi industrialization drive
     

    The Saudi project market continues to thrive. Latest data from Meed put the value of projects “planned or underway” at $745 billion in mid-April, around 13 percent higher than a year earlier. These figures need to be treated with some caution: The topline number is some 30 percent larger than the nominal size of the […]

     
  • Journey of a lifetime
     

    To say that I was excited to be in the presence of such history would be an understatement. I had been looking forward to this trip for months and was absolutely beside myself. My purpose was to travel with my mother to Saudi Arabia to perform the Umrah, a mini version of the annual Hajj […]

     
  • Al-Qaida’s wretched utopia and the battle for hearts and minds
     

    Driving east out of Aden, we were just a few hundred metres past the last army checkpoint when we saw the black al-Qaida flag. It flew from the top of a concrete building that had been part-demolished by shelling. From here into the interior, all signs of control by the government of Yemen disappeared. This […]

     
  • Positive Steps: Interview with Saudi Minister of Finance Al Assaf
     

    The industrial sector is the real excitement for us, which is growing at a rate of 15 per­cent, which is not a joke. The other one is service sector, like the financial services or the restaurant and hotels or other services in the economy. A particular sector that we are excited about is the mineral […]

     

MUST-READS

  • Private sector employee can do two jobs in Saudi Arabia

    Earlier this year, the Ministry of Human Resources unveiled an authentication plan via its Qiwa platform obligating private sector institutions to document 20 per cent of their employees’ contracts in the first quarter of 2023, 50 per cent in the second half, and 80 per cent in the third quarter.
    The plan is designed to preserve rights of parties to the contractual relationship, provide a stable labour environment conducive for the employee’s productivity increase and boosting the job market in the kingdom.

  • 7,360,000 students back to school on Sunday as second academic semester begins in Saudi Arabia

    More than 7,360,000 male and female students from all regions and governorates of Saudi Arabia returned to their schools and various educational, academic and training institutions, with the start of the second semester on Sunday.

    The students include more than 6,000,000 male and female students from public education, in addition to 1,360,000 students from university education and technical and vocational training. It is noteworthy that the second academic semester started on Nov. 26, 2023, and will end on Thursday Feb. 2, 2024. As for the third academic semester, it will start on Sunday March 3, 2024, and will last until the end of the working day on Monday June 10, 2024.

  • Saudi to offer 100 investment opportunities in Northern Borders for SAR 20B: Al Falih

    Minister of Investment Khalid Al Falih said the logistic connectivity with neighboring countries to the north, such as Iraq and Jordan, is an attractive investment opportunity.   He told the Northern Border Investment Forum, which launched today, Nov. 25, that there are nearly 100 new investment opportunities worth SAR 20 billion in the province, in addition to the existing opportunities that are valued at SAR 80 billion.   The Kingdom has a project that will help it rank as the world's third biggest phosphate producer, Al Falih said.

  • Saudi Arabia to develop $347m entertainment destination in Aseer

    Saudi Entertainment Ventures (Seven), a wholly owned subsidiary of the Public Investment Fund, has launched a 1.3 billion Saudi riyal ($346.6 million) entertainment destination in the Aseer region as part of the kingdom's diversification efforts.

    The development, Seven Abha, is spread across 64,000 square metres with a built-up area of more than 79,000 square metres, and is the company's fifth such project in the kingdom, Seven said on Sunday.

    Located between the cities of Abha and Khamis Mushait, it is designed by global architecture firm Gensler, while Modern Building Leaders has been appointed to carry out the construction work.

  • 20th Saudi Relief Plane for Palestinian in Gaza Arrives in Egypt

    The 20th Saudi relief plane dedicated to the Palestinian people in Gaza arrived in Egypt on Sunday, carrying 39 tons of aid, including food and shelter materials. The assistance aligns with Saudi Arabia's historic role in supporting the Palestinian people in times of crisis. Since the start of conflict in Gaza on October 7, Saudi Arabia has exerted all efforts to support Palestinians.

    On November 2, the Saudi leadership issued directives to launch a fundraising campaign on the Sahem Platform, which is affiliated with the King Salman Humanitarian Aid and Relief Center (KSrelief), to aid the residents of Gaza. The campaign has so far collected SAR5535,222,380.

  • KSrelief Sends Second Saudi Relief Ship to Gaza

    The King Salman Humanitarian Aid and Relief Center (KSrelief) dispatched on Saturday its second relief ship from Jeddah Islamic Port, as part of the Saudi initiative to provide aid to the people of the Gaza Strip. The ship is en route to Said Port, Egypt, and is carrying 58 containers with a total weight of 890 tons. Out of these, 21 containers contain medical supplies, solutions, and medicines, while the remaining 37 containers are loaded with various foodstuffs and milk. These items will be transported to the people of the Gaza Strip, providing essential aid to the enclave.

  • Asia’s first-ever Saudi Arabia ETF to be listed in Hong Kong

    Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, said on Sunday that Asia's first-ever Saudi Arabia exchange-traded fund (ETF) will be listed in Hong Kong on Nov. 29. Chan said in his blog that investors will be able to trade the constituent stocks of the Saudi stock market directly in the Hong Kong market through the ETF in Hong Kong dollar or renminbi (RMB), including oil company Saudi Aramco. This ETF has the largest assets of its kind in the world.

  • Morocco Becomes Leading Blueberry Supplier to Saudi Arabia

    Morocco has become the leading supplier of blueberries to Saudi Arabia, outperforming several other markets including Chile, Peru, and South Africa.

    Data from agriculture-focused news outlet East Fruit said that Morocco has exported 480 tonnes of fresh blueberries to Saudi Arabia in the 2022/2023 market year. Morocco has doubled the number of its blueberry exports to the Gulf country, compared to less than 200 tonnes exported last year.

  • Saudi authorities arrest over 10k residency violators

    Saudi authorities arrested 17,463 people in one week for breaching residency, work and border security regulations, according to an official report. A total of 10,856 people were arrested for violations of residency laws, while 3,934 were held over illegal border crossing attempts and a further 2,673 for labor-related issues, the Saudi Press Agency reported on Saturday. The report showed that among the 773 people arrested for trying to enter the Kingdom illegally, 44 percent were Yemeni, 45 percent Ethiopian, and 11 percent were of other nationalities.

  • Overhauling Business Frameworks: An Insight Into Saudi Arabia’s New Companies Law

    In the ever-evolving landscape of Saudi Arabian business regulations, the Saudi Arabia Companies Law to improve the legal framework for businesses stands out as a pivotal milestone. Enacted in 2015, this law is more than a set of amendments; it's a commitment to fostering a business environment that is not only flexible but also deeply rooted in modern corporate governance principles.