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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

  • flynas Becomes 1st Saudi Airline To Join UN Tourism Organization

    Over the past few months, the airline has forged closer ties with the United Nations’ environmental and tourism agencies, including becoming the first Middle Eastern low-cost carrier to join forces with the United Nations Global Compact (UNGC) in August. The latest update sees flynas align with the UNWTO as an affiliate member, a first for Saudi Arabia.

  • Private sector employee can do two jobs in Saudi Arabia

    Earlier this year, the Ministry of Human Resources unveiled an authentication plan via its Qiwa platform obligating private sector institutions to document 20 per cent of their employees’ contracts in the first quarter of 2023, 50 per cent in the second half, and 80 per cent in the third quarter.
    The plan is designed to preserve rights of parties to the contractual relationship, provide a stable labour environment conducive for the employee’s productivity increase and boosting the job market in the kingdom.

  • 7,360,000 students back to school on Sunday as second academic semester begins in Saudi Arabia

    More than 7,360,000 male and female students from all regions and governorates of Saudi Arabia returned to their schools and various educational, academic and training institutions, with the start of the second semester on Sunday.

    The students include more than 6,000,000 male and female students from public education, in addition to 1,360,000 students from university education and technical and vocational training. It is noteworthy that the second academic semester started on Nov. 26, 2023, and will end on Thursday Feb. 2, 2024. As for the third academic semester, it will start on Sunday March 3, 2024, and will last until the end of the working day on Monday June 10, 2024.

  • 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.