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Recent stories from sustg

  • 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 […]

     
  • Secretary of State Clinton to Visit Saudi on Friday and Saturday
     

    Clinton will be in Saudi Arabia’s capital of Riyadh Friday and Saturday. There, she’ll meet with Saudi King Abdullah and participate in an event dedicated to the “strategic cooperation” between the U.S. and Gulf Arab states. Washington and many of its allies say Syrian President Bashar Assad has lost all legitimacy in a year of […]

     
  • Geithner welcomes Saudi oil pledge
     

    U.S. Treasury Secretary Timothy Geithner said he welcomed Saudi Arabia’s pledge to continue to make sure oil supplies are sufficient to meet demand.

     
  • Car-nage
     

    In his weekly piece for Arab News, Abdulateef Al-Mulhim takes a look at the extraordinary toll exacted on Saudi roads. With well-engineered roads and streets and access to the latest and safest automobiles, he says, Saudi Arabia still leads the world in highway fatalities. He offers a few ideas about how to gain control over […]

     
  • Jadwa Saudi Chartbook – March 2012 – Banking
     

    Bank deposits rose for the fifth consecutive month in January, with demand deposits accounting for the entire rise to reach almost 60 percent of total bank deposits. Bank excess deposits at SAMA remained very high, giving scope for further lending growth.    

     
  • Jadwa Saudi Chartbook – March 2012 – Trade
     

    According to Jadwa Investment’s March 2012 Chart Book,  “Non-oil exports hit a new all-time high in December owing to greater production of petrochemicals and plastics. Imports also jumped that month and data on letters of credit issued for imports suggest further rises are likely in the months ahead.”  

     
  • What to Know About the TASI Opening
     

    Saudi Arabia, the world’s largest oil exporter and the Middle East’s biggest economy, is about to complete a gradual process to open its stock market, known as the Tadawul or TASI, directly to international investors for the first time. The initial step toward this action was to give other GCC countries the right to invest […]

     

MUST-READS

  • Jay Monahan tells players PGA Tour remains on track for a deal with Saudi’s PIF amid rumors

    Despite rumors that the framework agreement with Saudi Arabia’s Public Investment Fund is in jeopardy, PGA Tour commissioner Jay Monahan asserted to tour membership that conversations remain ongoing.
    In a memo sent to players Tuesday (first reported by Golf Channel), Monahan reiterated that his focus remains working “toward a definitive agreement with PIF and the DP World Tour as our priority.”

  • Khalil Sayegh: What We Get Wrong About Gaza

    I think people misunderstand the diversity of Gaza. I think Gaza is much more diverse, especially Gaza City. It's an actual cosmopolitan city. I mean, actually it's the most populated city in the Palestinian Territories. Compared to other cities, it has a serious middle class that was destroyed obviously after the siege, but the culture is still there. Education rate is very high. Even for women, it's above 90 percent.

  • Ranked: The Most Innovative Countries in 2023

    Which countries are the global innovation powerhouses? In many ways, the past year has represented an inflection point in technological advancement. Almost overnight, OpenAI’s large language model ChatGPT became a household name and AI was within reach to the masses. Yet looking under the surface, innovation is influenced by several unseen factors, from the institutional environment and high-tech exports to research talent and entrepreneurship culture.

  • Commentary: China’s cautious, curious Middle East game

    Chinese diplomats have toured various Middle Eastern capitals since Oct. 7, when the Islamist group Hamas launched a brazen strike on southern Israel from Gaza that marked the bloodiest single day in the history of modern Israel. Whereas the Kremlin hosted a delegation of Hamas officials at the end of last month, China has been more circumspect.

  • Saudi inflation continues to ease in October to 1.6%

    Prices for food and beverages, which had been the main driver of inflationary pressures for much of 2022, rose 0.8% in October, although restaurants and hotel prices rose almost 2% due to an increase in catering services prices.

    Inflation has been slowly easing in Saudi Arabia this year has remained relatively contained compared to global inflation levels, in part due to government policies to manage price hikes.

  • To Meet Climate Goals, Gulf Countries Will Have to Overhaul Everything

    The monarchies that make up the Gulf Cooperation Council — Saudi Arabia, Kuwait, the UAE, Qatar, Bahrain and Oman — built their cities on hot, arid lands, including the world's largest continuous sand desert. In summer months, temperatures top 50C (122F), contributing to some of the highest levels of per-capita energy use in the world: Qatar ranks first, Bahrain fourth, the UAE fifth and Saudi Arabia 14th. That footprint will grow as the population of GCC countries, including foreign workers, swells from 59 million today to an estimated 84 million by 2100.

  • To Meet Climate Goals, Gulf Countries Will Have to Overhaul Everything

    The monarchies that make up the Gulf Cooperation Council — Saudi Arabia, Kuwait, the UAE, Qatar, Bahrain and Oman — built their cities on hot, arid lands, including the world's largest continuous sand desert. In summer months, temperatures top 50C (122F), contributing to some of the highest levels of per-capita energy use in the world: Qatar ranks first, Bahrain fourth, the UAE fifth and Saudi Arabia 14th. That footprint will grow as the population of GCC countries, including foreign workers, swells from 59 million today to an estimated 84 million by 2100.

  • 7 generative AI trends that will shape the GCC in 2024

    Providers can expect big costs for large-language models (LLMs), both in terms of gathering access to training data (including human feedback regarding LLM performance) as well as the underlying costs of training the models themselves. To remain competitive, these providers will need to continue innovating at blistering speeds, while providing services at acceptable rates to LLM consumers. The economic pressures at play here will drive a lot of activity towards attempting to reduce costs by making it cheaper to run existing models as well as training newer and more advanced models.

  • GCC and Turkey look to boost $22bn trade

    The GCC and Turkey are looking to boost economic and trade ties, according to Secretary General of the Gulf Cooperation Council Jasem Mohamed Albudaiwi. He said the leaders of the GCC countries are keen to strengthen economic cooperation with Turkey, based on the depth of brotherly relations between the two sides.
    The trade exchange between the GCC countries and Turkey amounted to $22bn in 2021, he said.

  • Power shift: how GCC-member air forces are getting stronger

    Cirium fleets data shows that the six GCC nations now have a total of 2,072 active military aircraft between them: an increase of 121 since our last review prior to the 2021 Dubai show. Saudi Arabia’s 916-strong inventory accounts for a 44% share of the total, followed by the UAE (557/27%) and Qatar (226/11%). The other three nations each account for 6% of the overall figure, with their individual fleets being: Bahrain (122); Kuwait (122); and Oman (129). The largest fleet increase has been in Qatar, which boosted its inventory by 65 aircraft over the two-year period, followed by net increases in Kuwait (20), Saudi Arabia (19), Bahrain (12), the UAE (4), and Oman (1). Cirium indicates that five of the nations have a combined 374 military aircraft on order currently, while Oman has none.