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Recent stories from sustg

  • 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.

     
  • 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 […]

     

MUST-READS

  • Blinken says gap remains between Israel’s intent to protect civilians and results

     U.S. Secretary of State Antony Blinken on Thursday criticized Israel's conduct in its southern Gaza offensive, saying there was a "gap" between its intent to protect civilians and what has been happening on the ground.

    Speaking at a news conference in Washington following a meeting with British Foreign Secretary David Cameron, Blinken laid out concrete steps to ensure civilians are out of harm's way and the areas they go to are supplied with food, medicine and water.

  • UAE asks UN Security Council to vote Friday on demand for Gaza ceasefire

    The United Arab Emirates has asked for the U.N. Security Council to vote Friday morning on a draft resolution that demands an immediate humanitarian ceasefire in the war between Israel and Palestinian militants Hamas in the Gaza Strip, diplomats said.

    To be adopted, a resolution needs at least nine votes in favor and no vetoes by the five permanent members - the United States, Russia, China, France or Britain. The U.S. has said it does not support any further action by the council at this time.

  • Israel sharply ramps up Gaza strikes, U.S. alarmed

     Israel sharply ramped up strikes on the Gaza Strip, pounding the length of the Palestinian enclave and killing hundreds in a new, expanded phase of the war that Washington said veered from Israeli promises to do more to protect civilians.

    The Israeli military said on Friday it had struck more than 450 targets in Gaza from land, sea and air over the past 24 hours - the most since a truce collapsed last week and about double the daily figures typically reported since then.

  • Saudi Arabia lures businesses with 30-year tax cut offer

    Saudi Arabia is offering multinational companies major tax incentives if they set up regional headquarters in the Kingdom. The Ministry of Investment of Saudi Arabia (MISA), in coordination with the Ministry of Finance and the Zakat, Tax and Customs Authority (ZATCA) announced a 30-year tax incentive package for The Regional Headquarters (RHQ) Program.
    The scheme aims to streamline the process for multinational companies (MNCs) to establish regional headquarters in Saudi Arabia.

  • Turning a page, Greece and Turkey agree to mend ties

    Greece and Turkey on Thursday agreed to reboot their relations, establishing a roadmap designed to usher in a new era of closer ties between the two NATO allies but historical foes. In a landmark visit of Turkish President Tayyip Erdogan to Greece, the longtime sparring partners agreed to focus on pursuing good neighbourly relations, keep open channels of communication, seek military confidence-building measures to eliminate sources of tension, boost trade volumes and work on issues which have kept them apart, notably in the Aegean Sea.

  • As Aid Runs Out, Syria’s Displaced Fear Dying Of Hunger

    Displaced people in camps in northeast Syria have expressed fears about their future after the World Food Programme announced the end of food assistance across the war-torn country. "Stopping aid to the camps will exponentially increase suffering," said Ali Farahat, the director of the Maram camp for the displaced in the town of Atme near the border with Turkey.

  • In Libya, fears of rain, clouds, and climate change

    Three months after thousands of people in Libya lost their lives in devastating floods caused by Storm Daniel, residents of the badly-hit city of Derna are facing the psychological aftermath. Doctors and psychologists with Doctors Without Borders/Médecins Sans Frontières (MSF) have been providing medical care and mental health support for people impacted.

  • Yemen’s Houthis say they launched ballistic missiles at Israel

    Yemen's Houthi group launched several ballistic missiles at military posts in the southern Israeli city of Eilat, the group's military spokesperson said in a statement on Wednesday. Earlier Wednesday, the Mason, a U.S. Arleigh Burke-class destroyer, shot down a drone that originated from a part of Yemen controlled by the Houthi group, a U.S. official said. There were no injuries or damage and it was not clear what the drone was targeting.

  • Oil drops to 6-month low on weak economic outlook

    Oil prices fell on Thursday to six-month lows, as investors worried about sluggish energy demand in the U.S. and China. Brent crude futures dropped 48 cents to $73.82 a barrel by 12:48 p.m. EST (1748 GMT). U.S. West Texas Intermediate crude futures fell 33 cents to $69.05. Both benchmarks posted their lowest prices since late June. "With the largest global importer of oil (China) shuttering its thirst for crude, pressure remains on prices as the largest producer, the United States, continues with headline output," said PVM Oil analyst John Evans.

  • Al Jazeera says 22 relatives of Gaza correspondent killed by Israeli shelling

    Qatar-based Al Jazeera Media Network said an Israeli bombardment on Wednesday killed 22 relatives of its Gaza correspondent Moamen Al-Sharafi and condemned the operation. "The horrific event unfolded today at Jabalia Camp, where Moamen's family sought refuge, leading to the killing of his father, mother, three siblings and his children," the network said in a statement.