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Recent stories from sustg

  • 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 […]

     
  • 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 […]

     

MUST-READS

  • Saudi B2B E-Commerce Platform Retailo Raises $15 Million

    Retailo, a leading B2B digital distribution company in Saudi Arabia, has raised $15 million in funding to bolster its operations, expand into new verticals, and strengthen its presence within the country. The investment, which includes contributions from strategic investors such as Yusuf Bin Kanoo Group and Majd Digital, aims to support Retailo's unique approach to B2B digital distribution and its growing popularity among investors.

  • Jon Rahm’s mega-money move to Saudi-backed LIV ‘imminent’ and will be ‘announced this week’

    Jon Rahm will make a mega-money move to LIV golf in a deal that will shock the sport this week, according to reports. There has been mounting speculation that the Spaniard is leaving the PGA Tour for Saudi-backed LIV golf in a move that could earn him as much as a staggering $600million.

  • Saudi SMEs see $270m boost from government-backed fund

    More than SR1 billion ($270 million) has been allocated to small and medium enterprises in Saudi Arabia since 2017 by a government-backed platform known as Forsa. The Human Resources Development Fund announced in a statement that the platform, part of the “Nine Tenths” program, has witnessed significant growth, with approximately SR500 million being allocated in the year 2023 alone. Forsa serves as a link between suppliers and buyers, enabling registered entities to electronically review and submit price quotations for government and private sector procurement, according to the statement.

  • Naga review: A Hollywood-style comedy-thriller, but a distinctly Saudi story

    Adwa Bader plays Sarah, a young Saudi woman who is given a strict curfew by her incredibly conservative father after she asks him if she can go shopping. But the shopping spree is a bluff and Sarah has different plans. Instead of perusing the stores around Riyadh, Sarah meets up for a secret rendezvous with her potential suitor Saad (Yazeed Almajyul). Saad tells Sarah he has an invitation to an underground party way out in the desert. Sarah can’t resist the allure and quickly agrees to go. But only if Saad promises to have her back by 10pm, which is when her father has insisted he’ll be outside the store to pick her up.

  • Saudi Arabia’s Crown Prince arrives in Qatar for 44th GCC summit

    The summit is expected to tackle several topics such as political, security and economic cooperation among GCC countries with the ongoing events in Gaza dominating the summit’s work, Al Arabiya reported. The summit is being held “at a time where our region and the world are witnessing great challenges that our Gulf countries can play a major role in resolving and mitigating their effects,” Qatar’s Emir said on X. Israel launched a war on Gaza after Hamas militants stormed across the Israeli border on October 7 and carried out an attack that left 1,200 people dead.

  • Day 5 of COP28: Saudi Green Initiative Forum begins

    The Saudi Green Initiative Forum kicked off on Monday as COP28 continues to mobilize world leaders towards serious action against climate change. Held under the slogan “From Ambition to Action”, the third edition of the forum discussed critical sustainability, primarily energy transition, protecting the seas, and unlocking climate finance to enable climate action at the UN climate summit.

  • Saudi Arabia seeking further digital advancements in Silicon Valley 

    Discussions between Abdullah bin Amer Al-Swaha and Antonio Neri, president and CEO of Hewlett Packard Enterprise, were held on Dec. 5 to enhance local content and contribute to the growth of the Kingdom’s digital economy. The meeting focused on extending the strategic partnership into modern technology, cloud computing, and the localization of servers, as reported by the Saudi Press Agency. The minister highlighted Saudi Arabia’s potential for a strong digital infrastructure and its status as the largest market in the region. Talks also centered around the exploration of collaboration and partnership opportunities across various sectors.

  • Saudi Arabians envisage a rise in cross-border payments by 2024, study shows

    Mastercard’s Borderless Payments Report 2023 reveals 43% of people in Saudi Arabia expect to send cross-border payments more frequently in the next 12 months. Around 40% of people in Saudi Arabia expect to receive more cross-border payments in the next year.

  • Can Saudi Pro League become one of the world’s ‘top five’?

    A room full of raised eyebrows greeted Cristiano Ronaldo’s assertion in September that Saudi Arabia will one day be home to one of the ‘top five’ leagues in world football. Indeed, Ronaldo was being a good marketeer, playing his role as an ambassador for Saudi football to perfection. After all, this division has historically attracted little global interest despite being home to Asia’s most successful club team ever – Al Hilal.

  • Saudi Arabia’s Barn’s to launch IPO within 12 months

    Saudi Arabia’s Barn’s is planning to launch an initial public offering (IPO) within the next year. Founded in 1992 by the Al Amjaad Group, Barn’s currently operates more than 550 stores across Saudi Arabia – the Middle East’s largest market. Of its total store count, more than 70% is franchised. Speaking at the coffee chain’s annual Franchise Meeting in Jeddah, Al Amjaad Group CEO Mohamed Al Zain said the planned IPO would enable the public ‘to move from loyal customers to investors in the company’s success’.