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Recent stories from sustg

  • The emergence of Google
     

    Saudi Arabia is one of the biggest Internet markets not only regionally but also globally. There are 190 million video views on YouTube in Saudi per day. That’s the highest number of YouTube views in the world per Internet user. The average user in Saudi watches three times as many videos a day compared to […]

     
  • Saudi Arabia All Atwitter
     

    Twitter and YouTube have become so relevant to the public discourse in Saudi Arabia that there is now a bi-weekly YouTube show solely dedicated to what Saudi users of Twitter are talking about. The new show is simply called “What Happened in Twitter” and the first episode was published today.

     
  • Saudi non-oil sector to expand 6% in 2013
     

    Saudi Arabia shows some tightness in the local financial system, reflecting a scarcity of corporate deposits, but this appears to be abating and might in any case reflect strong investment growth in the non-oil economy. Local firms continue to report strong growth in new orders, with exchange rate movements helping make non-oil exports more competitive. […]

     
  • Saudi reforms detour through Vienna faith centre
     

    Although launched by Riyadh and named the King Abdullah International Centre for Interfaith and Intercultural Dialogue (KAICIID), bin Muaammar stressed it is not a Saudi entity. “This is an international institution,” he said. “About 70 percent of the world’s religions are on its board. The centre will be a neutral place to exchange ideas.” In […]

     
  • Saudi Arabia’s Power List – 2012
     

    Welcome to the first Arabian Business Saudi Power List – our guide to the kingdom’s most influential movers and shakers. As the rest of the planet, from emerging to traditional markets, teeters on the brink of recession, the mood has never been more positive in Saudi Arabia. A high oil price has swelled the kingdom’s […]

     
  • Regional e-commerce firms set sights on Saudi Arabia
     

    Digital expert Omar Christidis, founder of ArabNet, the hub for Arab digital professionals and entrepreneurs, said that Saudi Arabia is currently the largest digital market in the MENA region – with almost 40 percent of all Arabic tweets, half of Wikipedia’s Arabic content and 35 percent of all Arabic content on the web coming from […]

     
  • For Saudi Football, a Moment in the International Spotlight
     

    Saudi Arabia’s national football team has had its ups and downs in the last decade, thus far struggling to make a name for itself as a contender in a world full of elite national teams. Nevertheless, the ups and downs of the Saudi program are closely followed by Saudis all over the world and has, […]

     
  • Jadwa Investment – November 2012 Saudi Chartbook
     

    Jadwa Investment’s Saudi Chartbook for the month of November 2012 assesses a number of key aspects of the Saudi economy including the real economy, bank lending, banking indicators, inflation, trade, oil, exchange rates, the TASI (Saudi Stock Market), sectoral performance, and third quarter earnings. To read the entire report in full as a PDF, click […]

     
  • Saudi Arabia’s SABIC sets sights on U.S. shale gas boom
     

    Saudi Basic Industries Corp (SABIC) is considering investing in the United States to capitalise on the shale gas boom there, its chief executive told Reuters on Monday. SABIC and other petrochemical producers in Saudi Arabia have been looking for additional gas supplies to fuel their expansion plans, with SABIC now casting its gaze overseas. “We […]

     
  • Saudi Arabia Seeks $6.7 Billion of U.S. Transport Planes
     

    Saudi Arabia plans to buy 20 C-130J military transport planes, five KC-130J refueling aircraft and related equipment from Lockheed Martin Corp. (LMT) valued at about $6.7 billion, the Pentagon said today in a statement.The Pentagon’s Defense Security Cooperation Agency notified Congress of the potential sale to Saudi Arabia, the agency said in a statement posted […]

     

MUST-READS

  • Oil to fuel growth in Gulf economies this year, but will not sustain pace in 2023

    A July 6-20 Reuters poll predicted growth overall in the six GCC economies would average 6.2% this year, up from 5.9% predicted in an April poll. That would be the fastest in nearly a decade. But growth was forecast to decelerate quickly to nearly half that pace, 3.8%, in 2023. That was a modest upgrade from the previous poll.

  • Ukraine war rekindles Europe’s demand for African oil and gas

    Energy firms are considering projects worth a total of $100 billion on the continent, according to Reuters calculations based on public and private company estimates. African countries that currently have little or no oil and gas output could see billions in energy investments in the coming years, including Namibia, South Africa, Uganda, Kenya, Mozambique and Tanzania.

  • Iran’s nuclear programme is “galloping ahead”, IAEA chief says -El Pais

    In June, Iran began removing essentially all the agency's monitoring equipment, installed under its 2015 nuclear deal with world powers. Grossi said at the time this could deal a "fatal blow" to chances of reviving the deal following 2018's pullout by the United States

  • The Taliban Detained Me for Doing My Job. I Can Never Go Back.

    Foreign ministry spokesperson Abdul Qahar Balkhi, who spent years living in New Zealand, called me a “white supremacist colonialist” and threatened me with violence by reminding me of a 2016 Taliban attack on a local television station after it carried a false report and refused to retract it. “We are proud of that,” Balkhi said. I told him that innocent people had been killed in the suicide attack on a bus taking employees home. “And we are proud of that,” he said. I told him a friend of mine was among the dead. “And we are proud of that,” he repeated.

  • Inside the PGA Tour’s lobbying effort against Saudi-funded LIV Golf

    Since last year, the PGA Tour has paid $360,000 to the firm DLA Piper to lobby lawmakers on their behalf for multiple topics, including “Saudi Golf League proposals.” The PGA Tour shelled out $120,000 in the second quarter of 2022, which spans from April to June 30, according to the most recent filing. Records show that’s the most the PGA Tour has spent on lobbying in a given time period since it spent the same amount in the first half of 2004 to seek federal appropriations and grants for a charity golf program for young people, according to a filing.

  • Saudi Arabia embracing a more sustainable industrial development

    The Kingdom is revamping its industrial licensing requirements by mandating criteria that promote the adoption of advanced technologies, which increases manufacturing efficiency and helps reduce greenhouse gas emissions.

  • 231 per cent increase in imported empty containers boost Saudi exports

    This milestone is a direct result of the authority’s recent initiative that was launched in collaboration with container terminal operators to slash the handling charges of empty containers by half for one year.

  • Saudi Arabia’s new airline to launch ‘very soon’

    Saudi Arabia is preparing to launch its new national airline “very soon”, setting up a key pillar of the kingdom’s Vision 2030, a plan that aims to attract three times as many foreign tourists by the end of the decade. The carrier, to be based at King Khalid International Airport in Riyadh, will play a central role in the Saudis’ plan to kick-start the country’s “golden era of travel” and transform it into one of the leading aviation hubs in the Middle East.

  • Sommet Education starts training next generation of Saudi Arabia Tourism professionals

    The first group of Saudi students arrived at les Roches Global Hospitality Education on its campus in Marbella, Spain. This short program aims at equipping students with the fundamentals of Tourism Business and Operations from understanding housekeeping Operation to Customer Experience or Sales and negotiation skills.

  • Saif Gaddafi: London life of former playboy who could lead Libya revealed

    Now a cache of emails and documents, seen by the Guardian and Tortoise Media, sheds light on the would-be ruler’s activities at a time when he was entering public life, spearheading a rapprochement with western governments. The correspondence between Saif and his associates offers a rare glimpse into the heart of the Gaddafi regime, during a pivotal moment in Libya’s relationship with Britain. The good times would last another four years, before the first Libyan civil war erupted, driven by his father’s kleptocratic rule. Rebels brutally executed Muammar, before capturing Saif, who then disappeared from public view.