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Recent stories from sustg

  • As Fasting Ends, the Lessons of Ramadan Linger
     

    Before we began our three-day Eid al-Fitr holiday, marking the end of Ramadan, I came across an article in a Saudi newspaper with a checklist of what makes a successful Ramadan. First on the list: Recognizing that one can change for the better and acquiring patience and strong will. This month my deficiencies have shone […]

     
  • What Islamic Advertising in Saudi Arabia Looks Like
     

    This image of McDonald’s famous Golden Arches — the ne plus ultra of a Western brand — looks jarring in Arabic script. But in the Middle East and parts of Asia, that’s McDonald’s all-American brand.

     
  • Saudis Back Syria Rebels, Mindful of Past
     

    Overcome by the suffering of civilians in warring Syria, a professor in Saudi Arabia’s capital strips off his watch on live television to give as aid. A Saudi bride on her wedding night offers up her entire dowry of $13,000. Parents bring their children to donation centers set up around the Saudi kingdom, watching proudly […]

     
  • Saudi: strongest passenger growth in a decade as market expands
     

    After several years of sagging performance, Saudi Arabia’s aviation market reported its strongest growth in passenger traffic in more than a decade in 2011, even against the background of the Middle East’s regional social unrest. Despite the Arab Spring uprisings in North Africa and some of the Gulf states, Saudi Arabian passenger traffic boomed in […]

     
  • Top 10 salaries in Saudi Arabia
     

    Banking is one of the only sectors in Saudi Arabia to see a dip in compensation in 2012 Salary Survey. Construction project managers now earn the highest monthly salary.

     
  • Seasonality and the Saudi Stock Market
     

    A recently released note by Jadwa Investment discusses the effect that seasonal trends have on the Saudi economy, noting that while all economies have seasonal trends, “for Saudi Arabia these trends are more pronounced than for most other global economies…The slowdown in activity in the third quarter due to the long hot summer is a key driver […]

     
  • Saudi construction sector to gather steam in H2 2012
     

    The Saudi construction sector will further gather steam in the second half of 2012, the National Commercial Bank “Construction Contracts Index” for the second quarter of this year released Saturday indicated. NCB Construction Contracts Index reached 309.12 points by the end of the second quarter of 2012, with the total value of awarded contracts reaching […]

     
  • Saudi Athletes in London
     

    London 2012 was historic for both Saudi Arabia and the Olympic games. Saudi Arabia sent its first female athletes ever to the Olympics, completing a strong talking point for the games’ organizers: London 2012 was the first time every country competing in the Olympics sent at least one woman. Sarah Attar (800m) and Wojdan Shahrkhani (Judo) […]

     
  • Saudi success in show jumping underscores shift in equestrian order, helps its Olympic future
     

    Saudi Arabia appeared on the equestrian show jumping map in at the Sydney Games in 2000 when Khaled Al Eid won an individual bronze. He qualified for London but had to withdraw in July after his horse, Presley Boy, developed laminitis, a painful inflammation of the hoof. Some had considered the Sydney medal a blip, […]

     
  • Many in GCC Prefer to Get Medical Treatment Abroad
     

    While Gallup surveys show that most GCC residents are satisfied with the availability of quality healthcare in their area, outbound medical care remains an expensive problem for Gulf governments, with the UAE alone spending $2 billion per year to send its residents abroad for treatments. Patients may choose to travel abroad because of poor quality […]

     

MUST-READS

  • Saudi Arabia: Peace with Israel conditioned on Gaza ceasefire, path to Palestinian state

    The Saudi ambassador to the U.S. said at the World Economic Forum on Thursday that any potential normalization agreement with Israel would be conditioned on a ceasefire in Gaza and the creation of an "irrevocable" pathway towards a Palestinian state. Why it matters: Princess Reema bint Bandar Al Saud echoed what the Biden administration has recently said publicly and privately to Israeli Prime Minister Benjamin Netanyahu.

  • SPARK and Schneider Electric sign agreement for high-tech manufacturing facility in Saudi Arabia

    King Salman Energy Park (SPARK), the leading industrial ecosystem provider, signed an agreement with Schneider Electric, a global leader in digital transformation and energy management and energy efficiency, for a multi-faceted manufacturing facility. The 20,000 sq. meters, facility will be built within SPARK, located between Dammam and Al-Ahsa. The facility will manufacture key systems including Distributed Control System (DCS), Emergency Shutdown System (ESD) and Compressor Control System (CCS) to support Saudi Arabia’s energy value chain.

  • How Saudi Arabia is unlocking the power of the blue economy

    Many of these huge projects focus on core fundamentals of the blue economy, namely regenerative tourism and maritime logistics. Amaala, which is part of Red Sea Global, and Sindalah which is part of NEOM, represent the largest regenerative tourism investments in the world and have the ambitious aim to go beyond environmental protection to enhance their natural assets. The scale of these ambitions requires massive investments in renewable energy, sustainable materials, innovative design, and ecosystem restoration.

  • How Saudi Arabia is unlocking the power of the blue economy

    Saudi’s coastline is the eighth largest community of coral reefs in the world, covering around 6,600 square kilometres, as well as 204 square kilometers of mangrove forests, and hundreds of kilometres of seagrass meadows. It is also home to more than 20 newly-discovered “blue holes” in the Red Sea.

  • Saudi Arabia to boost petrochemical industry with Basell deal

    A strategic partnership agreement was signed on Tuesday between Saudi Arabia’s petrochemical manufacturing company Alujain Corporation and Basell International Holdings, a subsidiary of LyondellBasell Industries, at the Ministry of Energy headquarters in Riyadh on Tuesday. The agreement, inked in the presence of Energy Minister Prince Abdulaziz bin Salman, outlines Basell’s acquisition of a 35 percent stake in the National Petrochemical Industrial Co. — still being developed by Alujain Corporation. And NATPET is working to build a petrochemical complex at a cost of around SR7.5 billion ($1.99 billion), the ministry said.

  • Saudi Arabia very concerned about climate change and eager to set global standards, says envoy

    “We are a responsible actor in the global community and we don’t want to follow the standards, we want to set the standards for how countries should conduct themselves and what responsibilities they take on and what objectives they set, and what programs and initiatives they put in place domestically, regionally and internationally to help meet the challenge of climate change,” Adel Al-Jubeir said at the World Economic Forum in Davos.

  • Saudi Arabia’s Dammam Airport Handles Record 10.9 Million Passengers In 2023

    Dammam’s King Fahd International Airport (DMM) reported a record 16.2% annual increase in passenger traffic in 2023 to 10.9 million passengers, the highest since the airport’s inception. The recent surge in traffic aligns with the Saudi National Aviation Strategy’s objectives to achieve 330 million passengers and 4.5 million tonnes of cargo by 2030.

  • AlUla International Airport’s New Terminal, Saudi Arabia

    The Royal Commission for AlUla (RCU) launched the AlUla airport development project in August 2019. The first phase of the project was completed in the same year while the second phase was completed in July 2020, which increased the airport’s passenger handling capacity from 100,000 to 400,000 a year. In October 2023, the RCU unveiled its plans for the construction of a new airport terminal to increase the annual passenger capacity from 400,000 to six million while also enhancing the passenger experience with luxurious amenities and massive retail spaces.

  • Muvi Leads Rapidly Growing Film Market in Saudi Arabia

    Following the lift of Saudi Arabia’s 35-year theatrical ban six years ago, Muvi Cinemas has established itself as the leading theatrical exhibitor in the kingdom and the fastest-growing theatrical market globally. The homegrown cinema chain, which launched in 2019, is already Saudi Arabia’s leader in both screen and box-office share, boasting 205 screens across 21 locations in 10 different cities. Fifty more screens in six locations are scheduled to open in 2024. Muvi’s domination of the cinematic landscape is particularly impressive, given that Saudi Arabia’s very first sanctioned movie release after restrictions were lifted was “Black Panther,” in April 2018, followed about a week later by “Avengers: Infinity War.” Prior to this, cinemas did not exist in Saudi Arabia between 1983 and 2018, except for one theater opening in 2005 for educational titles only.

  • Saudi Arabia interested in Floyd Mayweather vs Manny Pacquiao rematch

    In a surprising twist, Saudi Arabia has expressed keen interest in hosting the much-anticipated rematch between Floyd Mayweather and Manny Pacquiao, reported by WBN. The initial plans for “MayPac II” were revealed by WBN in 2020, but the COVID-19 pandemic thwarted any chances of the bout taking place in the Middle East. The fight was subsequently put on hold as Pacquiao continued his professional career.