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Recent stories from sustg

  • Top-10 ranking in sight for Tadawul
     

    Saudi Arabia’s stock exchange is expected to quickly rank among the world’s 10 most active markets if it opens up to international investors.

     
  • 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 […]

     

MUST-READS

  • 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.  

  • Saudi Arabia unveils lineup for 5th Winter at Tantora

    As winter approaches, anticipation is building for the fifth Winter at Tantora, a month-long cultural extravaganza presented by AlUla Moments. Running from Dec. 21 to Jan. 27, the festival has become the region’s premier event, blending culture, art, and music against the backdrop of AlUla’s stunning desert landscapes.

  • Ancient 20-inch-long hand ax discovered in Saudi Arabia may be world’s largest

    Archaeologists in Saudi Arabia have discovered what may be the world's largest prehistoric hand ax. The stone tool measures 20.2 inches (51.3 centimeters) long and, despite its size, is easily held with two hands, according to a statement. An international team of researchers found the basalt hand ax on the Qurh Plain, just south of AlUla, a region in northwest Saudi Arabia. Both of the hand ax's sides have been sharpened, suggesting that it could have been employed for cutting or chopping. However, it's still unclear how the stone tool was used and which species, for instance Homo erectus or Homo sapiens, crafted it.