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Recent stories from sustg
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Op-Ed: Block of WhatsApp, Skype Flunks Smart Phones
- April 2,2013
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- SUSTG Team
The proposal by telecommunications regulatory commissions in Saudi Arabia to ban VoIP services like WhatsApp and Skype, which are an inexpensive and preferred way by many to communicate, particularly between students and families abroad, has caused several in the Saudi media to take issue with the ban.
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A Kingdom’s Thirst: The Saudi Water Challenge
- March 29,2013
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- Lucien Zeigler
It’s no secret that Saudi Arabia is a dry place in a particularly arid region of the world. The dearth of water resources in the Kingdom is among its foremost challenges, with some estimates predicting full depletion by 2050 if nothing is done.
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The Saudis on the ‘Arabian Business’ Power 500 List
- March 29,2013
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- Lucien Zeigler
The ArabianBusiness.com ‘World’s 500 Most Influential Arabs’ list for 2013 was released this week with the revelation that Saudi Arabia’s Prince Alwaleed bin Talal had topped the list for the 9th consecutive year. Although an impressive feat, there are 31 other Saudis on the list doing some amazing things in business, culture, the media and […]
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17-day long Janadriyah festival for Saudi Heritage and Culture to begin April 3
- March 27,2013
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- Lucien Zeigler
The 28th National Festival for Heritage and Culture at Al-Janadriyah showcasing the cultures and traditions of Saudi Arabia will open Wednesday, April 3, the Saudi Gazette reports. The festival is a display of Saudi culture and tradition. China is a guest country at the celebration, and will have a pavilion that is 2.000 sq. meters “at the […]
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Twitter Use Booms in Saudi Arabia: Infographic
- March 23,2013
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- Lucien Zeigler
Bit.ly, a link-tracking service company, published a comprehensive look at global social media use, which found that Saudi Arabia is rapidly embracing Twitter. “In this country, most of the social sharing happens on facebook and twitter, but what about in the rest of the world?” bit.ly asks on its company blog. The findings detail the number of […]
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Out There
- March 22,2013
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- SUSTG Team
Pat Ryan and his team at our sister site SUSRIS (say that fast five times) not only produce timely analysis and feature unparalleled current and historical resources pertaining to the Arabia and the larger Middle East they also find cool stuff like this.
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Unusual Video Footage Shows Saudi Arabia’s Grand Mosque Under Construction
- March 21,2013
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- Lucien Zeigler
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 […]
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We’re here, can we come in? TASI and foreign investors
- March 20,2013
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- Richard Wilson
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 […]
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First of 84 new Boeing F-15SAs bound for Saudi Arabia Tested as U.S.-Saudi Military Relations Remain Active
- March 18,2013
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- Lucien Zeigler
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 […]
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The Stunning Photos of Sultan Al-Ghamdi
- March 18,2013
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- SUSTG Team
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 […]
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MUST-READS
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Saudi Arabia’s strategy with the OPEC+
The adoption of reductions in production has profound consequences for Saudi Arabia's domestic economy. In the short term, lower oil output means lower government revenue from oil exports. This may provide a challenge to the Kingdom's budget, particularly given Vision 2030's ambitious expenditure programmes. The Saudi government projected a US$21 billion shortfall in 2024 owing to lower oil income. Despite these problems, the cutbacks are part of a larger strategy to maintain long-term economic stability and prosperity. The extension of cutbacks until mid-2024 aims to ensure market stability while progressively restoring further cut volumes based on market conditions.
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Parsons Awarded over $160 million Contracts in Saudi Arabia
The Projects including a confidential $41 million contract for technical consulting, $60 million of additional scope on existing contracts, approximately $30 million of new work for a resort and marina and new work supporting a Saudi developer.
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Groundbreaking Saudi-Turkish Road Comedy ‘My Treat’ to Be Produced by Front Row Productions, Alamiya Filmed Entertainment
Dubai-based Front Row Productions and new Saudi production company Alamiya Filmed Entertainment have teamed on “My Treat” (“Mahmool Makfool”), a Saudi-Turkish road-trip comedy about the misadventures of three young Saudi women who are big fans of Turkish soaps.
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Saudi Arabia reveals all 15 stadiums for the 2034 World Cup
Revealed as part of its official bid submission to FIFA, the 15 stadiums will be based in and around four cities – Riyadh, Jeddah, Al Khobar and Abha, as well as the under-construction The Line. In total 11 new stadiums are planned for the World Cup, with three currently under construction. The country's two current largest stadiums will be renovated, while two further existing stadiums will be temporarily expanded during the tournament.
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Top Saudi Chemical Firm Beats Profit Estimate in Sign of Rebound
The results will provide some relief for an industry that’s struggled with demand concerns in recent quarters. Global behemoth BASF SE reported lower second-quarter earnings while specialty-chemicals maker Lanxess AG flagged improvements but cautioned that it doesn’t see a broader market recovery yet. Sabic had itself earlier this year warned about “considerable uncertainty.”
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Saudi Arabia’s flynas flies over 7 million passengers in H1 2024
Saudi Arabia-based low-cost carrier flynas welcomed more than seven million passengers on board its flights in the first half of 2024, a 47 percent growth. The airline also reported a 37 percent increase in seat capacity for domestic and international flights during the period, compared with the same period of 2023, days after announcing the landmark purchase of 160 Airbus aircraft.
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Back-to-Back Assassinations in Middle East Scramble Biden’s Hopes for Peace
But Mr. Biden’s team vowed on Wednesday not to give up. U.S. officials spent the day reaching out to officials in Israel, Lebanon, Iraq, Qatar, Egypt, Jordan and Saudi Arabia in hopes of keeping the spiral of violence from escalating beyond limited strikes and salvaging a possible cease-fire deal after the dust settles. A team of American negotiators pursuing a cease-fire just left Rome, and another team was heading to Cairo from Saudi Arabia to continue the effort.
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Khalid Sheikh Mohammed, accused as the main plotter of 9/11, agrees to plead guilty
After spending almost two decades in the U.S. military prison at Guantánamo Bay, Cuba, the alleged mastermind of the 9/11 terror attacks, Khalid Shaikh Mohammed, and two of his accomplices have agreed to plead guilty in exchange for sentences of up to life in prison rather than face a death-penalty trial.
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As international dollars flow towards AI-powered startups, how has MENA been riding the wave?
Saudi Arabia-based Intelmatix, a deep tech B2B startup focused on empowering MENA businesses with AI for decision-making, has recently secured a $20M Series A funding round—one of the largest for a regional company of this type. This past week also saw Saudi-based SaaS provider Velents AI join the AI funding frenzy, raising an undisclosed sum from Women Collective to fuel its growth. And just last week, Aramco’s venture arm, Wa’ed Ventures, splashed $15M on South Korean chipmaker Rebellions Inc., marking its debut investment in South Korea following a $6.5M investment in California-based aiXplain. That was Wa’ed Ventures’ second AI deal in one week!
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JBS to open new chicken nugget plant in Saudi Arabia
JBS, the world’s largest poultry producer, will open a new plant in Jeddah, Saudi Arabia, where the company will produce chicken nuggets. The Brazil-based company invested $50 million in the facility, which is expected to begin operations in November. When fully operational, the plant will employ about 500 people.
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