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Recent stories from sustg

  • The arms spending map of the world
     

    How much do countries spend on their militaries? This data from the Stockholm International Peace research Institute shows the world in arms spending – both in dollars over time and as a percentage of GDP.

     
  • Major Banks Expanding in Saudi Arabia
     

    “We’d be crazy to limit ourselves to a handful of bankers when we can see oil prices are going to sustain the Saudi economy for the foreseeable future,” Rory Gilbert, the head of Middle East and North Africa at London-based Barclays’s wealth management unit, said in an interview this week in Dubai. “In four or […]

     
  • A Nuclear Iran: CNN
     

    What do we really know about the Iranian nuclear threat?  Iran says it wants the right to have its peaceful nuclear program formally recognized.  But from the outside, Iran has long given the impression it has something to hide.  And fear that Iran may soon have the capability to build a nuclear weapon, has spurred […]

     
  • Saudi ‘tops in mobile users’
     

    Saudi Arabia has the highest proportion of mobile phone users in the world with 188 per cent, followed by Vietnam and Oman in the second and third places respectively, according to a recent study. The study which was conducted by the United Nations Conference on Trade and Development (UNCTAD) indicated that this percentage is by far […]

     
  • The Menu of Options in the Iranian Nuclear Talks
     

    For the first time in more than a year and a half, negotiators from Iran and the so-called P5+1 countries – the five permanent members of the United Nations Security Council, the U.S., Russia, China, France and England, plus Germany – will sit down with their Iranian counterparts this Friday in Istanbul to talk about […]

     
  • Saudi Defense Minister Prince Salman Visits Pentagon, White House
     

    Saudi Defense Minister Prince Salman bin Abdul Aziz held talks at the Pentagon on Wednesday that focused on the crisis in Syria, hours before a ceasefire deadline was due to expire. The Saudi defense chief later held talks with President Barack Obama in the Oval Office.

     
  • Saudi Arabia & the GCC – post ‘Arab Spring’: Obaid
     

    This week Mr. Nawaf Obaid, former strategic adviser to Prince Turki Al-Faisal, presented a briefing titled, “Saudi Arabia & the GCC in a Post ‘Arab Spring’ Environment” at the Harvard Kennedy School of Government as part of a program examining responses among GCC states to the “Arab Spring” turmoil that started early last year. Obaid […]

     
  • Al-Rabiah moves to push foreign trade and investment
     

    Commerce and Industry Minister Tawfiq Al-Rabiah yesterday opened a major workshop for the development of Saudi commercial attaches as part of the ministry’s efforts to promote trade and investment relations with foreign countries. The workshop attended by top officials from related departments and agencies discussed ways to improve the performance of Saudi commercial attaches abroad […]

     
  • Graphic: The Rise of Saudi Oil Consumption
     

    Saudi Arabia uses as much oil per person as America, largely to run oil-fired power plants to run domestic air conditioners. And the more of its oil siphoned off for such uses, the less cushion there is in the worlds oil supply. Thats a big problem now but is becoming less of one. America and […]

     
  • Critical Commercial and Economic Ties: Interview with Jose Fernandez
     

    The 2nd US-Saudi Business Opportunities Forum in Atlanta in December brought together a high level delegation of over 200 Saudi officials and business people with over 1000 Americans to explore the $1 trillion-plus commercial openings available in the coming decade in the Kingdom. The response to the Forum – and what it means for American investment and […]

     

MUST-READS

  • Saudi Industrial Production Index down 11.2% in September

    Saudi Arabia’s Industrial Production Index (IPI) fell by 11.2% year-on-year (YoY) in September 2023, extending its downtrend to the fifth successive month.   Data issued by the General Authority for Statistics (GASTAT) showed that Saudi IPI fell to 122.99 points in September, according to the base year 2010, compared to 138.5 points in the year-ago period.   Despite the continued increase in the manufacturing activity, and the electricity and gas supply activity, September’s decline in the mining and quarrying activity directly impacted the general index due to its heavy weight in the index.

  • Seven endangered Arabian Leopard cubs born in Saudi Arabia

    In a significant stride toward conservation, the Royal Commission for AlUla (RCU) announced the birth of seven Arabian leopard cubs in Saudi Arabia.

    This notable achievement underscores the RCU's unwavering commitment to the preservation of biodiversity and the protection of Arabian leopards, a species on the brink of extinction. The leopard cubs, a testament to the success of the RCU's conservation efforts, made their debut at the Prince Saud bin Faisal Wildlife Research Center in the Taif Governorate over the past five months. This brings the total number of Arabian leopards under the care of the RCU to 27, marking a remarkable doubling of their population since the initiation of the Arab Leopards Project in 2020.

  • Saudi Arabia to sign $533m deals with Africa as PIF plans ‘game-changing’ announcements

    Saudi Arabia is set to sign SR2 billion ($533 million) worth of agreements with African countries, the Kingdom’s finance minister has announced. Speaking during the Saudi-Arab-African Economic Conference in Riyadh, Mohammed Al-Jadaan said the deals would be reached through the Kingdom’s Fund for Development. The minister said the agreements would be struck with a “multitude” of countries and entities on the continent.

  • Saudi Arabia exceeding regional headquarters target, says investment minister

    Saudi Arabia has outperformed its target for attracting regional headquarters, with over 180 companies now established in the Kingdom. This number surpasses the initial goal of securing 160 HQs by the end 2023, as disclosed by Minister of Investment Khalid Al-Falih. In an interview with Bloomberg, Al-Falih emphasized that the regional headquarters program is part of a “long-term journey,” adding that the Kingdom is working with international entities to create the “right ecosystem” to open their offices in Saudi Arabia.

  • Saudi Arabia Participates in UNESCO’s 42nd General Conference in Paris

    Minister of Culture and Chairman of the National Commission for Education, Culture and Science Prince Badr bin Abdullah bin Farhan leads Saudi Arabia's delegation to the 42nd session of the General Conference of UNESCO, held in Paris between November 7 and 22. The delegation includes representatives of the ministries of culture and education, the Saudi Data and Artificial Intelligence Authority, and other national authorities.

  • First phase of documenting buildings constructed between 1950-2000 in Riyadh 50% complete

    The Riyadh Region Municipality has announced the completion of the first phase of inventorying and documenting buildings of the second half of the 20th century (1950-2000) in the Saudi capital.

    The project aims to monitor and document the stages of the architectural and urban development in Riyadh, as well as to highlight the distinct development renaissance that Riyadh witnessed in that era. The municipality stated that it has completed about 50% from the project's stages that shed light on the impact role of Custodian of the Two Holy Mosque King Salman during his tenure as the Emir of the Riyadh region. It has also inventoried the most important urban landmark historical value, and the cultural and social dimensions, leading to finding a mechanism to preserve and invest in these landmarks, in line with the objectives of Saudi Arabia's Vision 2030 to preserve the heritage of the Kingdom.

  • Masdar, EDF and Nesma partner to build $1bn Saudi solar plant

    A consortium of Masdar, EDF Renewables and Nesma Holding has won a bid for the construction of a 1.1GW solar plant in Saudi Arabia.

    It placed the lowest bid of $16.84 per megawatt-hour to secure the Al Henakiyah solar project from the Saudi Power Procurement Company (SPPC). The consortium of Abu Dhabi-based Masdar, France’s EDF Renewables and Saudi conglomerate Nesma has entered a power purchase agreement with SPPC for a period of 25 years.

  • BNP Hires SocGen’s Jalal Al Marhoon for Saudi Arabia

    BNP Paribas SA has hired Jalal Al Marhoon as a managing director in Saudi Arabia, the latest sign that foreign investment banks continue to expand in one of the world’s most active markets for deals. The French banking giant’s Saudi entity recently appointed Al Marhoon as managing director and put him in charge of a portfolio of local clients, according to a spokeswoman for BNP. He’ll report to Ammar Pharaon, who heads BNP’s investment banking operations in the kingdom.

  • Red Sea Fest Adds Anna Kendrick, Jennifer Esposito Movies

    Saudi Arabia’s Red Sea Film Festival has announced a new batch of mostly international titles set to launch in its Festival Favorites and Treasures strands, including the international premiere of U.S. actor-turned-director Jennifer Esposito’s New York City mob drama “Fresh Kills.” Inspired by Esposito’s upbringing in Staten Island, “Fresh Kills” – in which Esposito co-stars with Annabella Sciorra – bowed stateside at the Tribeca Festival in June. Other international talents peppered throughout the Red Sea sections likely to be making the trek to Saudi include Anna Kendrick with her period crime drama “Woman of the Hour”; David Oyelowo, producer of high-profile soccer doc “Allihopa: The Dalkurd Story”; Ewan McGregor and Ellen Burstyn for Swedish director Niclas Larsson’s “Mother, Couch”; Serena and Venus Williams as executive producers of “Copa 71,” the story of the groundbreaking 1971 Women’s World Cup; and French writer-director Laetitia Colombani with her drama “The Braid.”

  • Saudi minister warns against climate action at expense of the less empowered

    Saudi Arabia's energy minister said on Thursday that climate change solutions should not come at the expense of "less empowered people". "Climate change is crucial, important, but it should not be attended to by crushing the bones and the future of the less empowered people," Prince Abdulaziz bin Salman said at the Saudi-Arab-African Economic Conference in Riyadh.