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Recent stories from sustg

  • American Public Opposes Israel Striking Iran
     

    A new poll finds that only one in four Americans favors Israel conducting a military strike against Iran’s nuclear program. Seven in ten (69%) favor the US and other major powers continuing to pursue negotiations with Iran, a position that is supported by majorities of Republicans (58%), Democrats (79%) and Independents (67%).

     
  • SACM Career Fair and Graduation Ceremony Begins in Washington
     

    Saudi students from around the United States are descending on the U.S. capital for a graduation ceremony and career fair organized by the Saudi Arabian Cultural Mission (SACM) on May 26-27. SACM, in coordination with the Saudi Ministry of Higher Education, will host the SACM Career Fair and Graduation Ceremony this weekend at the Gaylord […]

     
  • Global Markets Drag on TASI
     

    The TASI has dipped over the past month, primarily due to global factors. First quarter results of listed companies point to ongoing strength in the domestic economy, with profits 14.9 percent higher than in the first quarter of 2011. Nonetheless, the TASI is down by 10 percent since the end of March, mirroring falls on […]

     
  • USTR: Saudi Continues to Protect Intellectual Property Rights
     

    The Office of the U.S. Trade Representative on Monday released the 2012 Special 301 Report reviewing the intellectual property protection policies of foreign nations.  Saudi Arabia is not named on the “Watch List” again this year and has not been since a successful Out-of-Cycle Review in 2009 to resolve IP issues in cooperation with the […]

     
  • How Gulf Countries Are Splurging at Home
     

    Asa Fitch, writing in the Wall Street Journal, details the extent to which oil dollars are fueling economic growth “at home” for GCC countries: Booming oil prices are flooding Arab countries with money, but where the lion’s share of that wealth would once have been pumped into the world’s financial markets, much of it is […]

     
  • Island in the Gulf – A Film of Juraid Island
     

    One of the great joys of living in Saudi Arabia has always been the natural environment itself – the dunes, the jebals and especially the Gulf with its beaches, reefs and islands. For those lucky enough to visit Juraid Island, fifteen miles offshore from Jubail, the experience has always been unforgettable. A pristine island shaped […]

     
  • Foreign Military Sales Keep Production Lines Hot
     

    “Partnership building is part of one of the largest benefits that we see,” Hunt said. “It’s building and maintaining friendships, it’s about building allies. United States Central Command, or CENTCOM, is obviously a very busy place for the United States now. The more that we can help those countries not only defend, but operate amongst […]

     
  • SEC unveils SR452b projects
     

    The Saudi Electricity Company (SEC) has allocated SR452 billion to implement energy projects until the year 2021 according to SEC Chairman of the Board of Directors Dr. Saleh Bin Hussein Al-Awaji. These projects will provide services consistent with international standards, including building up an adequate power at a peak time about 10 percent of combined capacity. The […]

     
  • US and Saudi team up for renewable energy projects
     

    The United States and Saudi Arabia are prepared to sign a number of deals related to the establishment of investment and service projects depending on renewable energy resources, Arab News reported. US Assistant Secretary of Commerce for Manufacturing and Services, Nicole Lamb, said the US would support the Kingdom on its drive to develop clean […]

     
  • 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.

     

MUST-READS

  • AlUla Tour to welcome world’s best cyclists to Saudi Arabia in 2024

    Some of the world's best cyclists and teams will head to Saudi Arabia at the start of next year after organisers announced the dates for the rebranded AlUla Tour.

    Formerly known as the Saudi Tour, the race returns for a fourth edition and takes place from January 30 to February 3. It will be organised by the Ministry of Sport and The Royal Commission for AlUla in cooperation with the Saudi Cycling Federation and the International Cycling Union (UCI).

  • Gulf Broadcaster Hires HSBC and JPMorgan for Saudi IPO

    The Middle East’s biggest broadcaster MBC Group hired HSBC Holdings Plc and JPMorgan Chase & Co. for what could be one of the year’s highest profile initial public offerings in Saudi Arabia. After receiving approval from the local market regulator, MBC will sell a 10% stake, or 33.25 million shares, in a capital raise in the IPO, according to terms of the deal obtained by Bloomberg News.

  • Saudi Arabia Brings In Airline Passenger Compensation: Up To $1,750 For Lost Bags

    Saudi Arabia has introduced new compensation rules for airline passengers, some of which entitle travelers to up to 200% of their ticket price. The new guidelines cover several circumstances affecting the journey of air passengers, such as flight cancelation or delay, lost baggage, flight overbooking, and even a change of cabin class.

  • OPEC+ Talks Hit Turbulence as Saudis Agitate Over Output Levels

    The OPEC+ meeting scheduled for this weekend has been delayed as talks ran into trouble amid Saudi dissatisfaction with other members’ oil production levels. Ministerial meetings will now take place on Nov. 30, OPEC said on its website, without giving a reason for the delay. Saudi Arabia, which has been making an additional 1 million barrel-a-day output cut since July, was in difficult talks with other members about their production levels, delegates said, asking not to be named because the discussions are private.

  • Saudi aid chief reinforces need for collective action to reduce global food insecurity

    Abdullah Al-Rabeeah, the adviser at the Royal Court and supervisor general of the Saudi aid agency KSrelief, has reinforced the need for collective action to reduce global food insecurity and malnutrition. Al-Rabeeah was speaking at the Global Food Security Summit which was held in London and attended by British Prime Minister Rishi Sunak; British Foreign Secretary David Cameron; Somalia’s President Hassan Sheikh Mohamud; and a number of ministers from several countries, and representatives from the UN leadership, regional and international bodies, civil society, and relevant stakeholders.

  • Seven announces new Transformers Axis coaster for Saudi Arabia

    Seven, a subsidiary of Saudi’s Public Investment Fund (PIF), is opening the new coaster at three of its 21 entertainment destinations as part of the world’s first Transformers-themed indoor entertainment centres. These are in Riyadh, Dammam and Jeddah. According to Seven, the attraction will offer a thrilling and unrivalled experience, reaching speeds of up to 55 km/h. Developed by amusement ride and coaster company S&S Worldwide, it will be the world’s first Axis coaster.

  • Savvy Games has $38 billion to build a Saudi gaming sector. Here’s how they plan to do it

    I have always thought that Savvy Games Group is an unusual company, and my interview with CEO Brian Ward confirmed that hunch. Most companies have a simple objective: Make enough money to keep shareholders happy. But Savvy isn’t like most companies. Owned by Saudi Arabia’s Public Investment Fund (PIF), it has been tasked with transforming the Kingdom into a global gaming hub, and it has $38 billion to make it happen. That’s a tall order for a two-year-old company.

  • Newcastle get green light to loan players from Saudi Pro League – media

     Newcastle United will be allowed to loan players from sides controlled by their Saudi owners in the January transfer window after a vote on a temporary ban on related-party loans did not get enough support from Premier League clubs, British media reported on Tuesday.

    Thirteen Premier League clubs voted in favour of the temporary ban on loan moves between teams under the same ownership at a shareholders' meeting on Tuesday, the BBC reported, falling one vote short of the number needed for it to be introduced.

  • Messi vs. Ronaldo rivalry could be rekindled in Saudi Arabia tournament

    Organizers of the Riyadh Season Cup said Tuesday that Messi’s Inter Miami is expected to play in the three-team event. Miami called the announcement “inaccurate” and said it had been determining its preseason schedule. But the prospect of Messi vs. Ronaldo was already being pushed in Saudi Arabia.

  • The Evolution of Entertainment in Saudi Arabia

    When I curiously asked some of my Saudi friends about their fondest memories growing up across the Kingdom, many of them mentioned ‘Kashtah’ – a family picnic in the desert. “We used to go a day earlier to scout the best location in the desert for our family to drive to the next day – a space away from the city lights and animals and close to a water source. It used to be the most awaited overnight gathering of the year when the weather was not too cold or too hot.” These days it’s common for Saudi families even during weekdays to pitch a mini tent right next to their cars off the roads, hang cute fairy lights and bring out their coffee and tea pots to have a little chill time.